NPORT-EX 2 c10625bnymell-september20221.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Securities Fund, Inc.

September 30, 2022 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1%

     

Automobiles & Components - 1.2%

     

Tesla Inc.

   

62,094

a 

 16,470,433

 

Banks - 3.9%

     

Bank of America Corp.

   

992,010

 

29,958,702

 

JPMorgan Chase & Co.

   

229,755

 

24,009,397

 
    

53,968,099

 

Capital Goods - 7.7%

     

AMETEK Inc.

   

223,565

 

25,354,507

 

Howmet Aerospace Inc.

   

494,381

 

15,291,204

 

Ingersoll Rand Inc.

   

765,655

 

33,122,235

 

Trane Technologies PLC

   

227,488

 

32,942,537

 
    

106,710,483

 

Consumer Services - 1.2%

     

Booking Holdings Inc.

   

9,692

a 

 15,925,992

 

Diversified Financials - 2.8%

     

BlackRock Inc.

   

37,356

 

20,556,260

 

The Goldman Sachs Group Inc.

   

62,742

 

18,386,543

 
    

38,942,803

 

Energy - 7.7%

     

EQT Corp.

   

707,707

 

28,839,060

 

Hess Corp.

   

249,765

 

27,221,887

 

Schlumberger NV

   

679,943

 

24,409,954

 

Valero Energy Corp.

   

242,133

 

25,871,911

 
    

106,342,812

 

Food & Staples Retailing - 1.6%

     

Walmart Inc.

   

166,102

 

 21,543,429

 

Food, Beverage & Tobacco - 2.7%

     

PepsiCo Inc.

   

226,734

 

 37,016,593

 

Health Care Equipment & Services - 5.4%

     

DexCom Inc.

   

251,638

a 

20,266,925

 

Edwards Lifesciences Corp.

   

252,559

a 

20,868,950

 

Intuitive Surgical Inc.

   

89,374

a 

16,752,263

 

Medtronic PLC

   

211,878

 

17,109,148

 
    

74,997,286

 

Household & Personal Products - 1.0%

     

The Estee Lauder Companies Inc., Cl. A

   

61,011

 

 13,172,275

 

Insurance - 5.1%

     

Assurant Inc.

   

139,289

 

20,234,513

 

Chubb Ltd.

   

144,975

 

26,368,053

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Insurance - 5.1% (continued)

     

The Progressive Corp.

   

208,319

 

24,208,751

 
    

70,811,317

 

Materials - 3.0%

     

Alcoa Corp.

   

651,710

 

21,936,559

 

CF Industries Holdings Inc.

   

207,351

 

19,957,534

 
    

41,894,093

 

Media & Entertainment - 6.6%

     

Alphabet Inc., Cl. C

   

780,160

a 

75,012,384

 

The Walt Disney Company

   

175,115

a 

16,518,598

 
    

91,530,982

 

Pharmaceuticals Biotechnology & Life Sciences - 11.7%

     

AbbVie Inc.

   

272,858

 

36,620,272

 

Danaher Corp.

   

152,278

 

39,331,885

 

Eli Lilly & Co.

   

154,210

 

49,863,803

 

Seagen Inc.

   

115,499

a 

15,803,728

 

Zoetis Inc.

   

135,337

 

20,069,124

 
    

161,688,812

 

Retailing - 6.7%

     

Amazon.com Inc.

   

498,940

a 

56,380,220

 

National Vision Holdings Inc.

   

454,025

a 

14,823,916

 

The TJX Companies

   

331,603

 

20,599,178

 
    

91,803,314

 

Semiconductors & Semiconductor Equipment - 4.8%

     

Applied Materials Inc.

   

194,432

 

15,929,814

 

NVIDIA Corp.

   

267,753

 

32,502,537

 

Qualcomm Inc.

   

156,350

 

17,664,423

 
    

66,096,774

 

Software & Services - 11.9%

     

Ansys Inc.

   

44,871

a 

9,947,901

 

Microsoft Corp.

   

406,334

 

94,635,189

 

Roper Technologies Inc.

   

70,575

 

25,381,593

 

Salesforce Inc.

   

132,931

a 

19,120,795

 

Visa Inc., Cl. A

   

86,654

b 

15,394,083

 
    

164,479,561

 

Technology Hardware & Equipment - 9.0%

     

Apple Inc.

   

815,693

 

112,728,773

 

Zebra Technologies Corp., Cl. A

   

41,058

a 

10,757,607

 
    

123,486,380

 

Transportation - 1.5%

     

Union Pacific Corp.

   

103,833

 

 20,228,745

 

Utilities - 3.6%

     

Constellation Energy Corp.

   

209,116

 

17,396,360

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 99.1% (continued)

     

Utilities - 3.6% (continued)

     

NextEra Energy Inc.

   

405,469

 

31,792,824

 
    

49,189,184

 

Total Common Stocks (cost $975,210,400)

   

1,366,299,367

 
  

1-Day
Yield (%)

     

Investment Companies - 1.1%

     

Registered Investment Companies - 1.1%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $15,543,561)

 

3.03

 

15,543,561

c 

 15,543,561

 

Total Investments (cost $990,753,961)

 

100.2%

 

1,381,842,928

 

Liabilities, Less Cash and Receivables

 

(.2%)

 

(2,236,112)

 

Net Assets

 

100.0%

 

1,379,606,816

 

a Non-income producing security.

b Security, or portion thereof, on loan. At September 30, 2022, the value of the fund’s securities on loan was $14,597,678 and the value of the collateral was $15,102,900, consisting of U.S. Government & Agency securities. In addition, the value of collateral may include pending sales that are also on loan.

c Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF INVESTMENTS
BNY Mellon Large Cap Securities Fund, Inc.

September 30, 2022 (Unaudited)

The following is a summary of the inputs used as of September 30, 2022 in valuing the fund’s investments:

       
 

Level 1-Unadjusted Quoted Prices

Level 2- Other Significant Observable Inputs

 

Level 3-Significant Unobservable Inputs

Total

 

Assets ($)

  

Investments in Securities:

  

Equity Securities - Common Stocks

1,366,299,367

-

 

-

1,366,299,367

 

Investment Companies

15,543,561

-

 

-

15,543,561

 

 See Statement of Investments for additional detailed categorizations, if any.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

The Board has designated the Adviser, as the fund’s valuation designee to make all fair value determinations with respect to the fund’s portfolio investments, subject to the Board’s oversight and pursuant to Rule 2A-5.

Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded.


Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment


Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At September 30, 2022, accumulated net unrealized appreciation on investments was $391,088,967, consisting of $475,862,050 gross unrealized appreciation and $84,773,083 gross unrealized depreciation.

At September 30, 2022, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.