N-Q 1 c55195nvq.htm FORM N-Q nvq
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File Number 811-2111
RIVERSOURCE LARGE CAP SERIES, INC.
 
(Exact name of registrant as specified in charter)
         
50606 Ameriprise Financial Center, Minneapolis, Minnesota
    55474  
 
(Address of principal executive offices)
  (Zip code)
Scott R. Plummer - 5228 Ameriprise Financial Center, Minneapolis, MN 55474
 
(Name and address of agent for service)
Registrant’s telephone number, including area code: (612) 671-1947
Date of fiscal year end: 7/31
Date of reporting period: 10/31

 


 

Portfolio of Investments
RiverSource Disciplined Equity Fund
Oct. 31, 2009 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in Securities
Common Stocks (99.5%)
                 
Issuer   Shares     Value(a)  
Aerospace & Defense (1.9%)
               
General Dynamics
    342,776  (e)   $ 21,492,054  
Goodrich
    61,508       3,342,960  
ITT
    54,267       2,751,337  
Lockheed Martin
    207,049       14,242,901  
Northrop Grumman
    253,953       12,730,664  
Raytheon
    331,717       15,020,146  
Rockwell Collins
    33,368  (e)     1,681,080  
United Technologies
    121,135  (e)     7,443,746  
 
             
Total
            78,704,888  
 
             
 
               
Air Freight & Logistics (0.2%)
               
CH Robinson Worldwide
    130,856  (e)     7,211,474  
FedEx
    35,225  (e)     2,560,505  
 
             
Total
            9,771,979  
 
             
 
               
Auto Components (0.1%)
               
Goodyear Tire & Rubber
    47,349  (b)     609,855  
Johnson Controls
    66,801       1,597,880  
 
             
Total
            2,207,735  
 
             
 
               
Automobiles (0.5%)
               
Ford Motor
    1,768,655  (b,e)     12,380,585  
Harley-Davidson
    312,011  (e)     7,775,314  
 
             
Total
            20,155,899  
 
             
 
               
Beverages (2.5%)
               
Brown-Forman Cl B
    63,202       3,084,890  
Coca-Cola
    1,275,454  (e)     67,994,452  
Coca-Cola Enterprises
    478,098       9,117,329  
Pepsi Bottling Group
    105,725       3,958,344  
PepsiCo
    355,921  (e)     21,551,017  
 
             
Total
            105,706,032  
 
             
 
               
Biotechnology (1.4%)
               
Amgen
    902,200  (b)     48,475,206  
Biogen Idec
    173,485  (b,e)     7,308,923  
Cephalon
    86,619  (b,e)     4,727,665  
 
             
Total
            60,511,794  
 
             
 
               
Building Products (0.1%)
               
Masco
    212,040  (e)     2,491,470  
 
               
Capital Markets (5.2%)
               
Bank of New York Mellon
    1,024,678       27,317,915  

 


 

                 
Issuer   Shares     Value(a)  
E*TRADE Financial
    256,004  (b,e)     373,766  
Franklin Resources
    87,790       9,185,468  
Goldman Sachs Group
    587,299       99,940,671  
Morgan Stanley
    2,139,340  (e)     68,715,601  
State Street
    295,140       12,389,977  
T Rowe Price Group
    28,175  (e)     1,372,968  
 
             
Total
            219,296,366  
 
             
 
               
Chemicals (1.5%)
               
Air Products & Chemicals
    124,593  (e)     9,609,858  
CF Inds Holdings
    55,426       4,614,215  
Dow Chemical
    1,234,131  (e)     28,977,396  
Eastman Chemical
    48,953  (e)     2,570,522  
EI du Pont de Nemours & Co
    242,645  (e)     7,720,964  
PPG Inds
    100,982  (e)     5,698,414  
Sigma-Aldrich
    56,009       2,908,547  
 
             
Total
            62,099,916  
 
             
 
               
Commercial Banks (2.1%)
               
BB&T
    252,384  (e)     6,034,501  
Comerica
    172,895  (e)     4,797,836  
Fifth Third Bancorp
    443,135       3,961,627  
First Horizon Natl
    495,095  (b,e)     5,856,964  
Huntington Bancshares
    363,386  (e)     1,384,501  
KeyCorp
    480,473  (e)     2,589,749  
Marshall & Ilsley
    374,203       1,990,760  
PNC Financial Services Group
    743,796  (e)     36,401,376  
SunTrust Banks
    643,996  (e)     12,306,764  
Wells Fargo & Co
    377,358  (e)     10,384,892  
 
             
Total
            85,708,970  
 
             
 
               
Commercial Services & Supplies (0.2%)
               
Avery Dennison
    94,035       3,352,348  
RR Donnelley & Sons
    167,553       3,364,464  
 
             
Total
            6,716,812  
 
             
 
               
Communications Equipment (1.3%)
               
Cisco Systems
    782,165  (b,e)     17,872,470  
Motorola
    730,309  (e)     6,258,748  
QUALCOMM
    641,655       26,570,934  
Tellabs
    484,597  (b)     2,917,274  
 
             
Total
            53,619,426  
 
             
 
               
Computers & Peripherals (8.6%)
               
Apple
    1,029,095  (b)     193,984,407  
Dell
    1,507,398  (b,e)     21,842,197  
Hewlett-Packard
    603,306  (e)     28,632,903  
IBM
    765,819  (d,e)     92,365,430  
Lexmark Intl Cl A
    281,527  (b,e)     7,178,939  
NetApp
    386,409  (b)     10,452,363  
QLogic
    15,253  (b,e)     267,538  
Sun Microsystems
    38,258  (b)     312,950  
Western Digital
    260,880  (b,e)     8,786,438  
 
             
Total
            363,823,165  
 
             

 


 

                 
Issuer   Shares     Value(a)  
Construction & Engineering (0.1%)
               
Fluor
    131,438       5,838,476  
 
               
Consumer Finance (0.5%)
               
American Express
    380,388       13,252,718  
Capital One Financial
    7,378  (e)     270,035  
Discover Financial Services
    177,674       2,512,310  
SLM
    458,905  (b,e)     4,451,379  
 
             
Total
            20,486,442  
 
             
 
               
Distributors (0.1%)
               
Genuine Parts
    102,631       3,591,059  
 
               
Diversified Consumer Services (0.1%)
               
Apollo Group Cl A
    95,703  (b)     5,464,641  
 
               
Diversified Financial Services (5.8%)
               
Bank of America
    7,159,098       104,379,649  
CIT Group
    648,889  (e)     467,200  
Citigroup
    8,780,214  (e)     35,911,075  
IntercontinentalExchange
    74,039  (b,e)     7,417,967  
JPMorgan Chase & Co
    2,122,376       88,651,646  
KKR Financial Holdings LLC
    563,202  (b)     2,579,465  
NASDAQ OMX Group
    114,231  (b)     2,063,012  
 
             
Total
            241,470,014  
 
             
 
               
Diversified Telecommunication Services (3.2%)
               
AT&T
    2,659,522  (e)     68,269,929  
CenturyTel
    282,917  (e)     9,183,486  
Qwest Communications Intl
    1,332,989  (e)     4,785,431  
Verizon Communications
    1,787,800  (e)     52,901,002  
 
             
Total
            135,139,848  
 
             
 
               
Electric Utilities (1.0%)
               
Edison Intl
    63,363       2,016,211  
FirstEnergy
    209,172  (e)     9,052,964  
Northeast Utilities
    80,618  (e)     1,858,245  
Pinnacle West Capital
    103,671  (e)     3,246,976  
Progress Energy
    197,406  (e)     7,408,647  
Southern
    641,172  (e)     19,998,154  
 
             
Total
            43,581,197  
 
             
 
               
Electrical Equipment (0.2%)
               
Emerson Electric
    214,704  (e)     8,105,076  
 
               
Electronic Equipment, Instruments & Components (0.9%)
               
Corning
    1,848,119  (e)     27,001,018  
Jabil Circuit
    195,377       2,614,144  
Tyco Electronics
    406,714  (c)     8,642,673  
 
             
Total
            38,257,835  
 
             

 


 

                 
Issuer   Shares     Value(a)  
Energy Equipment & Services (1.9%)
               
Baker Hughes
    288,484  (e)     12,136,522  
BJ Services
    367,959  (e)     7,064,813  
Diamond Offshore Drilling
    59,023  (e)     5,621,941  
ENSCO Intl
    273,162  (e)     12,508,087  
FMC Technologies
    71,806  (b)     3,776,996  
Halliburton
    182,055       5,317,827  
Nabors Inds
    181,396  (b,c,e)     3,778,479  
Natl Oilwell Varco
    407,336  (b)     16,696,702  
Noble
    95,253  (c)     3,880,607  
Rowan Companies
    84,835       1,972,414  
Smith Intl
    158,852  (e)     4,404,966  
Weatherford Intl
    100,838  (b,c)     1,767,690  
 
             
Total
            78,927,044  
 
             
 
               
Food & Staples Retailing (2.8%)
               
Safeway
    201,986       4,510,347  
SUPERVALU
    112,789  (e)     1,789,961  
Walgreen
    342,190       12,945,048  
Wal-Mart Stores
    1,783,261       88,592,407  
Whole Foods Market
    243,910  (b,e)     7,819,755  
 
             
Total
            115,657,518  
 
             
 
               
Food Products (1.0%)
               
Archer-Daniels-Midland
    785,243       23,651,520  
ConAgra Foods
    271,297  (e)     5,697,237  
Dean Foods
    206,610  (b,e)     3,766,500  
Sara Lee
    614,887       6,942,074  
 
             
Total
            40,057,331  
 
             
 
               
Gas Utilities (0.2%)
               
Nicor
    32,666       1,211,255  
Questar
    144,194       5,744,689  
 
             
Total
            6,955,944  
 
             
 
               
Health Care Equipment & Supplies (0.6%)
               
Becton Dickinson & Co
    149,705  (e)     10,233,833  
CR Bard
    28,179       2,115,398  
Medtronic
    107,077  (e)     3,822,649  
St. Jude Medical
    208,126  (b)     7,092,934  
Varian Medical Systems
    27,347  (b,e)     1,120,680  
 
             
Total
            24,385,494  
 
             
 
               
Health Care Providers & Services (2.5%)
               
Aetna
    390,845       10,173,695  
Cardinal Health
    220,263  (e)     6,242,253  
CIGNA
    581,895       16,199,957  
Coventry Health Care
    136,744  (b,e)     2,711,634  
Humana
    69,243  (b,e)     2,602,152  
McKesson
    173,145       10,168,806  
Quest Diagnostics
    91,156  (e)     5,098,355  
UnitedHealth Group
    1,471,640       38,189,058  
WellPoint
    256,472  (b)     11,992,631  
 
             
Total
            103,378,541  
 
             

 


 

                 
Issuer   Shares     Value(a)  
Hotels, Restaurants & Leisure (1.0%)
               
Intl Game Technology
    10,202  (e)     182,004  
McDonald’s
    324,233  (e)     19,003,296  
Starbucks
    1,111,106  (b,e)     21,088,792  
Starwood Hotels & Resorts Worldwide
    23,901  (e)     694,563  
Wyndham Worldwide
    133,379       2,274,112  
 
             
Total
            43,242,767  
 
             
 
               
Household Durables (0.5%)
               
Black & Decker
    73,876  (e)     3,488,425  
DR Horton
    417,504  (e)     4,575,844  
Harman Intl Inds
    72,907  (e)     2,742,032  
KB Home
    91,018  (e)     1,290,635  
Lennar Cl A
    225,775  (e)     2,844,765  
Newell Rubbermaid
    40,565  (e)     588,598  
Pulte Homes
    534,471  (e)     4,815,584  
Whirlpool
    32,039  (e)     2,293,672  
 
             
Total
            22,639,555  
 
             
 
               
Household Products (0.2%)
               
Clorox
    125,820       7,452,319  
 
               
Independent Power Producers & Energy Traders (0.1%)
               
Constellation Energy Group
    120,319  (e)     3,720,263  
 
               
Industrial Conglomerates (2.4%)
               
General Electric
    5,974,686  (e)     85,199,022  
Textron
    255,709  (e)     4,546,506  
Tyco Intl
    275,034  (c)     9,227,391  
 
             
Total
            98,972,919  
 
             
 
               
Insurance (6.1%)
               
ACE
    35,444  (b,c)     1,820,404  
AFLAC
    112,988       4,687,872  
Allstate
    2,152,225       63,641,292  
American Intl Group
    76,843  (b,e)     2,583,462  
Aon
    246,137       9,478,736  
Assurant
    166,592       4,986,099  
Chubb
    269,873  (e)     13,094,238  
Cincinnati Financial
    169,421  (e)     4,296,517  
Genworth Financial Cl A
    369,284  (b)     3,921,796  
Hartford Financial Services Group
    425,943  (e)     10,444,122  
Lincoln Natl
    397,673       9,476,548  
MBIA
    209,475  (b,e)     850,469  
MetLife
    716,099  (e)     24,368,849  
Principal Financial Group
    461,247  (e)     11,549,625  
Progressive
    778,354  (b)     12,453,664  
Prudential Financial
    338,859       15,326,593  
Torchmark
    151,338  (e)     6,144,323  
Travelers Companies
    981,605       48,874,112  
Unum Group
    120,100  (e)     2,395,995  
XL Capital Cl A
    210,930  (c,e)     3,461,361  
 
             
Total
            253,856,077  
 
             

 


 

                 
Issuer   Shares     Value(a)  
Internet & Catalog Retail (0.8%)
               
Amazon.com
    295,144  (b,e)     35,066,059  
 
               
IT Services (1.1%)
               
Affiliated Computer Services Cl A
    82,030  (b)     4,272,943  
Automatic Data Processing
    450,399  (e)     17,925,880  
Cognizant Technology Solutions Cl A
    254,886  (b)     9,851,344  
Computer Sciences
    154,769  (b)     7,848,336  
Fiserv
    91,074  (b)     4,177,564  
Total System Services
    17,806  (e)     284,362  
 
             
Total
            44,360,429  
 
             
 
               
Leisure Equipment & Products (0.1%)
               
Eastman Kodak
    497,189  (e)     1,864,459  
Mattel
    97,031  (e)     1,836,797  
 
             
Total
            3,701,256  
 
             
 
               
Life Sciences Tools & Services (0.1%)
               
Life Technologies
    105,056  (b)     4,955,492  
 
               
Machinery (1.3%)
               
Caterpillar
    210,057  (e)     11,565,738  
Eaton
    144,385       8,728,073  
Flowserve
    32,795       3,220,797  
Illinois Tool Works
    336,846  (e)     15,467,969  
Ingersoll-Rand
    456,685  (c)     14,426,679  
Manitowoc
    187,618  (e)     1,714,829  
Terex
    12,700  (b,e)     256,794  
 
             
Total
            55,380,879  
 
             
 
               
Media (1.3%)
               
CBS Cl B
    1,048,916  (e)     12,345,741  
Gannett
    510,320  (e)     5,011,342  
Meredith
    60,983  (e)     1,650,200  
New York Times Cl A
    195,273  (e)     1,556,326  
News Corp Cl A
    1,393,968       16,058,511  
Viacom Cl B
    638,366  (b,e)     17,612,518  
WorldSpace Cl A
    263,942  (b,e)     1,848  
 
             
Total
            54,236,486  
 
             
 
               
Metals & Mining (1.9%)
               
AK Steel Holding
    158,307  (e)     2,512,332  
Alcoa
    721,087  (e)     8,955,901  
Allegheny Technologies
    178,218  (e)     5,499,807  
Freeport-McMoRan Copper & Gold
    333,531  (b,e)     24,467,834  
Newmont Mining
    451,438       19,619,495  
Nucor
    245,576  (e)     9,786,204  
Timminco
    510,164  (b,c,e)     866,841  
United States Steel
    220,427  (e)     7,602,527  
 
             
Total
            79,310,941  
 
             
 
               
Multiline Retail (1.0%)
               
Family Dollar Stores
    133,249  (e)     3,770,947  
JC Penney
    148,632  (e)     4,924,178  

 


 

                 
Issuer   Shares     Value(a)  
Kohl’s
    327,862  (b,e)     18,760,263  
Macy’s
    320,682  (e)     5,634,383  
Nordstrom
    185,434  (e)     5,893,093  
Sears Holdings
    29,305  (b,e)     1,988,637  
 
             
Total
            40,971,501  
 
             
 
               
Multi-Utilities (0.8%)
               
Consolidated Edison
    182,201  (e)     7,411,937  
PG&E
    335,100  (e)     13,702,239  
SCANA
    110,481  (e)     3,738,677  
Xcel Energy
    345,223  (e)     6,510,906  
 
             
Total
            31,363,759  
 
             
 
               
Office Electronics (0.1%)
               
Xerox
    299,642       2,253,308  
 
               
Oil, Gas & Consumable Fuels (10.9%)
               
Chevron
    3,315,673  (e)     253,781,611  
ConocoPhillips
    1,611,113       80,845,650  
Exxon Mobil
    3,129       224,255  
Hess
    238,124       13,034,908  
Marathon Oil
    1,029,805       32,922,866  
Murphy Oil
    197,056       12,048,004  
Occidental Petroleum
    512,959       38,923,329  
Peabody Energy
    160,409       6,350,592  
Pioneer Natural Resources
    45,404       1,866,558  
Sunoco
    153,969  (e)     4,742,245  
Tesoro
    257,135  (e)     3,635,889  
Valero Energy
    666,380       12,061,478  
 
             
Total
            460,437,385  
 
             
 
               
Paper & Forest Products (—%)
               
Intl Paper
    16,822       375,299  
 
               
Pharmaceuticals (12.5%)
               
Abbott Laboratories
    235,279  (e)     11,898,059  
Allergan
    180,662       10,162,238  
Bristol-Myers Squibb
    934,509       20,372,296  
Eli Lilly & Co
    4,366  (e)     148,488  
Forest Laboratories
    424,458  (b)     11,744,753  
Johnson & Johnson
    2,599,617  (e)     153,507,384  
King Pharmaceuticals
    356,719  (b,e)     3,613,563  
Merck & Co
    1,321,578  (e)     40,876,408  
Mylan
    259,206  (b,e)     4,209,505  
Pfizer
    13,194,595  (e)     224,703,952  
Schering-Plough
    1,406,886       39,674,185  
Watson Pharmaceuticals
    46,739  (b,e)     1,608,756  
 
             
Total
            522,519,587  
 
             
 
               
Road & Rail (0.1%)
               
Ryder System
    79,151  (e)     3,209,573  
 
               
Semiconductors & Semiconductor Equipment (2.8%)
               
Analog Devices
    172,908  (e)     4,431,632  

 


 

                 
Issuer   Shares     Value(a)  
Broadcom Cl A
    495,620  (b,e)     13,188,448  
Intel
    3,419,393       65,344,600  
MEMC Electronic Materials
    186,937  (b,e)     2,321,758  
Microchip Technology
    10,930  (e)     261,883  
Micron Technology
    748,222  (b,e)     5,080,427  
Natl Semiconductor
    133,622  (e)     1,729,069  
NVIDIA
    495,478  (b,e)     5,925,917  
Teradyne
    33,804  (b,e)     282,939  
Texas Instruments
    748,107  (e)     17,543,109  
 
             
Total
            116,109,782  
 
             
 
               
Software (3.1%)
               
BMC Software
    25,174  (b)     935,466  
Intuit
    311,825  (b,e)     9,064,753  
Microsoft
    2,883,840  (e)     79,968,882  
Oracle
    1,671,395       35,266,435  
Red Hat
    223,506  (b)     5,768,690  
 
             
Total
            131,004,226  
 
             
 
               
Specialty Retail (3.5%)
               
Abercrombie & Fitch Cl A
    228,500  (e)     7,499,370  
AutoNation
    186,266  (b,e)     3,211,226  
AutoZone
    10,560  (b,e)     1,428,874  
Bed Bath & Beyond
    183,119  (b,e)     6,447,620  
Best Buy
    254,652  (e)     9,722,613  
Gap
    615,229       13,128,987  
Home Depot
    2,541,983  (d,e)     63,778,354  
Limited Brands
    236,424       4,161,062  
Lowe’s Companies
    944,955       18,492,770  
Office Depot
    303,688  (b,e)     1,837,312  
O’Reilly Automotive
    83,824  (b,e)     3,124,959  
RadioShack
    135,364  (e)     2,286,298  
Sherwin-Williams
    113,732  (e)     6,487,273  
Staples
    129,160  (e)     2,802,772  
Tiffany & Co
    11,563  (e)     454,310  
TJX Companies
    76,140       2,843,829  
 
             
Total
            147,707,629  
 
             
 
               
Textiles, Apparel & Luxury Goods (0.7%)
               
Coach
    195,031  (e)     6,430,172  
Jones Apparel Group
    78,330       1,401,324  
Liz Claiborne
    498,329  (e)     2,860,408  
Nike Cl B
    209,579  (e)     13,031,622  
VF
    58,488       4,154,988  
 
             
Total
            27,878,514  
 
             
 
               
Thrifts & Mortgage Finance (0.2%)
               
Fannie Mae
    1,336,093  (e)     1,442,980  
Freddie Mac
    794,150  (b,e)     976,805  
MGIC Investment
    154,094  (e)     664,145  
People’s United Financial
    256,662  (e)     4,114,292  
 
             
Total
            7,198,222  
 
             
 
               
Tobacco (0.2%)
               
Lorillard
    125,513       9,754,870  

 


 

                 
Issuer   Shares     Value(a)  
Trading Companies & Distributors (—%)
               
Fastenal
    52,695  (e)     1,817,978  
 
               
Wireless Telecommunication Services (0.2%)
               
Sprint Nextel
    2,458,359  (b)     7,276,743  
 
             
Total Common Stocks
(Cost: $4,478,982,280)
          $ 4,158,884,730  
 
             
 
               
Exchange Traded Funds (0.2%)
               
                 
    Shares     Value(a)  
Vanguard Emerging Markets ETF
    195,750     $ 7,360,200  
 
             
Total Exchange Traded Funds
(Cost: $7,484,764)
          $ 7,360,200  
 
             
 
               
Equity-Linked Notes (—%)(g)
               
                         
    Coupon     Principal        
Issuer   rate     amount     Value(a)  
Lehman Brothers Holdings
                       
Sr Unsecured
                       
09-14-08
    53.51 %   $ 1,275,000  (b,h,i,j)   $ 137,152  
10-02-08
    39.50       1,275,000  (b,h,i,j)     169,820  
 
                     
Total Equity-Linked Notes
(Cost: $2,550,000)
                  $ 306,972  
 
                     
 
                       
Money Market Fund (0.3%)
                       
                 
    Shares     Value(a)  
RiverSource Short-Term Cash Fund, 0.25%
    10,527,648  (f)   $ 10,527,648  
 
             
Total Money Market Fund
(Cost: $10,527,648)
          $ 10,527,648  
 
             
 
               
Investments of Cash Collateral Received for Securities on Loan (27.6%)
               
                 
    Shares     Value(a)  
Cash Collateral Reinvestment Fund (3.7%)
               
JPMorgan Prime Money Market Fund
    154,901,474     $ 154,901,474  
                         
    Coupon     Principal        
Issuer   rate     amount     Value(a)  
Asset-Backed Commercial Paper (5.2%)
                       
Antalis US Funding
                       
11-06-09
    0.22 %   $ 9,999,572     $ 9,999,572  
Belmont Funding LLC
                       
11-03-09
    0.52       19,997,978       19,997,978  
Cancara Asset Securitisation LLC
                       
11-16-09
    0.30       29,984,251       29,984,251  
01-20-10
    0.28       14,989,383       14,989,383  
Ebbets Funding LLC
                       
11-20-09
    0.50       11,994,833       11,994,833  
Elysian Funding LLC
                       
11-05-09
    0.45       14,998,688       14,998,688  

 


 

                         
    Coupon     Principal        
Issuer   rate     amount     Value(a)  
Grampian Funding LLC
                       
11-12-09
    0.35       24,991,493       24,991,493  
12-01-09
    0.29       14,996,133       14,996,133  
Regency Markets No 1 LLC
                       
11-06-09
    0.19       14,999,446       14,999,446  
Rheingold Securitization
                       
11-03-09
    0.31       10,999,526       10,999,526  
12-16-09
    0.38       9,991,872       9,991,872  
Scaldis Capital LLC
                       
11-19-09
    0.26       9,998,050       9,998,050  
Tasman Funding
                       
11-23-09
    0.26       9,997,761       9,997,761  
Versailled Commercial Paper LLC
                       
11-17-09
    0.45       19,991,250       19,991,250  
 
                     
Total
                    217,930,236  
 
                     
 
                       
Certificates of Deposit (15.0%)
                       
Banco de Sabadell
                       
11-02-09
    0.24       10,000,000       10,000,000  
Banco Espirito Santo E Comm London
                       
11-03-09
    0.29       19,999,436       19,999,436  
Banco Popular Espanol
                       
11-02-09
    0.30       4,998,542       4,998,542  
11-09-09
    0.29       4,998,591       4,998,591  
11-19-09
    0.29       19,994,363       19,994,363  
11-27-09
    0.27       9,997,376       9,997,376  
Banco Santander Madrid
                       
01-13-10
    0.32       15,000,000       15,000,000  
Banco Santander NY
                       
11-09-09
    0.41       7,000,000       7,000,000  
Bank of Austria
                       
11-16-09
    0.29       28,492,426       28,492,426  
Bank of Tokyo UFJ London
                       
12-21-09
    0.37       20,000,264       20,000,264  
01-19-10
    0.30       5,000,066       5,000,066  
Bayrische Hypo-Und Vereinsbank NY
                       
02-01-10
    0.43       13,000,000       13,000,000  
BNP Paribas Seoul
                       
11-06-09
    0.23       20,000,000       20,000,000  
Caisse de Depots et Consignment Paris
                       
01-28-10
    0.27       24,982,762       24,982,762  
Caixa Geral Deposit London
                       
11-10-09
    0.47       4,994,194       4,994,194  
01-08-10
    0.35       5,000,000       5,000,000  
Clydesdale Bank
                       
12-01-09
    0.38       9,993,565       9,993,565  
12-16-09
    0.30       10,000,000       10,000,000  
Credit Indusrial et Comm London
                       
11-18-09
    0.37       3,000,000       3,000,000  
01-13-10
    0.39       25,000,000       25,000,000  
Credit Industrial et Commercial
                       
01-06-10
    0.38       15,000,000       15,000,000  
Danske Bank Copenhagen
                       
11-24-09
    0.32       10,000,000       10,000,000  
Dexia Credit Local DU France
                       
11-09-09
    0.43       39,985,194       39,985,194  
11-16-09
    0.40       5,000,000       5,000,000  

 


 

                         
    Coupon     Principal        
Issuer   rate     amount     Value(a)  
Erste Bank
                       
11-05-09
    0.24       20,000,000       20,000,000  
Fortis Bank NY
                       
12-31-09
    0.24       10,000,000       10,000,000  
KBC Brussels
                       
11-23-09
    0.31       19,994,490       19,994,490  
11-27-09
    0.30       15,000,000       15,000,000  
Mizuho Corporate Bank Sydney
                       
11-09-09
    0.35       7,997,434       7,997,434  
Mizuho London
                       
12-15-09
    0.33       10,000,000       10,000,000  
01-25-10
    0.32       25,000,000       25,000,000  
Natixis
                       
12-08-09
    0.30       14,992,379       14,992,379  
12-30-09
    0.30       15,000,127       15,000,127  
Norinchukin Bank NY
                       
11-20-09
    0.41       20,000,000       20,000,000  
NyKredit
                       
12-18-09
    0.53       10,000,000       10,000,000  
01-05-10
    0.45       15,000,000       15,000,000  
Pohjola Bank Helsinki
                       
01-25-10
    0.46       10,000,000       10,000,000  
Raiffeisen Zentralbank Oest Vienna
                       
11-03-09
    0.29       25,000,000       25,000,000  
Royal Bank of Scotland London
                       
01-22-10
    0.30       14,988,134       14,988,134  
Sumitomo Mitsui Banking Corp Brussels
                       
11-19-09
    0.44       27,000,000       27,000,000  
01-19-10
    0.34       15,000,000       15,000,000  
Ulster Bank Ireland, Dublin
                       
12-15-09
    0.53       17,000,000       17,000,000  
12-29-09
    0.46       4,996,042       4,996,042  
 
                     
Total
                    628,405,385  
 
                     
 
                       
Commercial Paper (1.8%)
                       
BTM Capital
                       
11-06-09
    0.38       11,995,567       11,995,567  
01-22-10
    0.40       6,992,767       6,992,767  
Citigroup Funding
                       
11-09-09
    0.33       19,993,583       19,993,583  
11-13-09
    0.30       24,992,708       24,992,708  
KBC Financial Products
                       
12-04-09
    0.46       9,995,528       9,995,528  
 
                     
Total
                    73,970,153  
 
                     
 
                       
Repurchase Agreements (1.9%)
                       
Morgan Stanley
                       
11-02-09
    0.25   40,000,000     40,000,000  
11-02-09
    0.32       25,000,000       25,000,000  
RBS Securities
                       
11-02-09
    0.42       12,000,000       12,000,000  
 
                     
Total
                  $ 77,000,000  
 
                     
 
                       
Total Investments of Cash Collateral Received for Securities on Loan
(Cost: $1,152,207,248)
                  $ 1,152,207,248  
 
                     
 
                       
Total Investments in Securities
(Cost: $5,651,751,940)(k)
                  $ 5,329,286,798  
 
                     

 


 

Investments in Derivatives
Futures Contracts Outstanding at Oct. 31, 2009
                                 
    Number of                   Unrealized
    contracts   Notional   Expiration   appreciation
Contract description   long (short)   market value   date   (depreciation)
 
S&P 500 Index
    50     $ 12,912,500     Dec. 2009   $ (396,423 )
Notes to Portfolio of Investments
(a)   Securities are valued by using policies described in Note 2 to the financial statements in the most recent Annual Report dated July 31, 2009.
 
(b)   Non-income producing.
 
(c)   Foreign security values are stated in U.S. dollars. At Oct. 31, 2009, the value of foreign securities, excluding short term securities, represented 1.1% of net assets.
 
(d)   At Oct. 31, 2009, investments in securities included securities valued at $10,382,764 that were partially pledged as collateral to cover initial margin deposits on open stock index futures contracts.
 
(e)   At Oct. 31, 2009, security was partially or fully on loan.
 
(f)   Affiliated Money Market Fund — The Fund may invest its daily cash balance in RiverSource Short-Term Cash Fund, a money market fund established for the exclusive use of the RiverSource funds and other institutional clients of RiverSource Investments. The rate shown is the seven-day current annualized yield at Oct. 31, 2009.
 
(g)   Equity-Linked Notes (ELNs) are notes created by a counterparty, typically an investment bank, that may bear interest at a fixed or floating rate. At maturity, the notes must be exchanged for an amount based on the value of one or more equity securities of third party issuers or the value of an index. The exchanged value may be limited to an amount less than the actual value of the underlying stocks or value of an index at the maturity date. Any difference between the exchange amount and the original cost of the notes will be a gain or loss.
 
(h)   Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as amended. This security may be determined to be liquid under guidelines established by the Fund’s Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At Oct. 31, 2009, the value of these securities amounted to $306,972 or 0.01% of net assets.
 
(i)   Identifies issues considered to be illiquid as to their marketability. The aggregate value of such securities at Oct. 31, 2009 was $306,972, representing 0.01% of net assets. Information concerning such security holdings at Oct. 31, 2009 is as follows:
                 
    Acquisition    
Security   dates   Cost
 
Lehman Brothers Holdings
               
Sr Secured
               
53.51% 2008
    03-07-08     $ 1,275,000  
39.50% 2008
    03-26-08       1,275,000  
(j)   This position is in bankruptcy.
 
(k)   At Oct. 31, 2009, the cost of securities for federal income tax purposes was approximately $5,651,752,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:
         
Unrealized appreciation
  $ 348,576,000  
Unrealized depreciation
    (671,041,000 )
 
Net unrealized depreciation
  $ (322,465,000 )
 
The industries identified above are based on the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.

 


 

Fair Value Measurements
Generally accepted accounting principles (GAAP) require disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category.
The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.
Fair value inputs are summarized in the three broad levels listed below:
    Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
 
    Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
 
    Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Fund Administrator, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.
Non-U.S. equity securities actively traded in foreign markets may be reflected in Level 2 despite the availability of closing prices, because the Fund evaluates and determines whether those closing prices reflect fair value at the close of the New York Stock Exchange (NYSE) or require adjustment, as described in Note 2 to the financial statements — Valuation of securities in the most recent Annual Report dated July, 31, 2009.
Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant assumptions by the Fund Administrator. Inputs used in a valuation model may include, but are not limited to, financial statement analysis, discount rates and estimated cash flows, and comparable company data.
The following table is a summary of the inputs used to value the Fund’s investments as of Oct. 31, 2009:
                                 
    Fair value at Oct. 31, 2009
    Level 1   Level 2      
    quoted prices   other   Level 3    
    in active   significant   significant    
    markets for   observable   unobservable    
Description   identical assets   inputs   inputs   Total
 
Equity Securities
                               
Common Stocks (a)
  $ 4,158,884,730     $     $     $ 4,158,884,730  
 
Total Equity Securities
    4,158,884,730                   4,158,884,730  
 
 
                               
Other
                               
Exchange Traded Funds
    7,360,200                   7,360,200  
Equity-Linked Notes
          306,972             306,972  
Affiliated Money Market Fund (b)
    10,527,648                   10,527,648  
Investments of Cash Collateral Received for Securities
on Loan (c)
    154,901,474       997,305,774             1,152,207,248  
 
Total Other
    172,789,322       997,612,746             1,170,402,068  
 
 
                               
Investments in Securities
    4,331,674,052       997,612,746             5,329,286,798  
Other Financial Instruments (d)
    (396,423 )                 (396,423 )
 
 
                               
Total
  $ 4,331,277,629     $ 997,612,746     $     $ 5,328,890,375  
 
(a)   All industry classifications are identified in the Portfolio of Investments.
 
(b)   Money market fund that is a sweep investment for cash balances in the Fund at Oct. 31, 2009.
 
(c)   Asset categories for Investments of Cash Collateral are identified in the Portfolio of Investments.
 
(d)   Other Financial Instruments are derivative instruments, which are valued at the unrealized appreciation (depreciation) on the instrument. Derivative descriptions are located in the Investments in Derivatives section of the Portfolio of Investments.

 


 

Item 2. Control and Procedures.
(a) Based upon their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant’s principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits.
Separate certification for the Registrant’s principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
     
(Registrant)
  RiverSource Large Cap Series, Inc.
         
By
  /s/ Patrick T. Bannigan    
 
 
 
   
 
  Patrick T. Bannigan    
 
  President and Principal Executive Officer    
 
       
Date
  December 29, 2009    
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
         
By
  /s/ Patrick T. Bannigan    
 
 
 
   
 
  Patrick T. Bannigan    
 
  President and Principal Executive Officer    
 
       
Date
  December 29, 2009    
         
By
  /s/ Jeffrey P. Fox    
 
 
 
   
 
  Jeffrey P. Fox    
 
  Treasurer and Principal Financial Officer    
 
       
Date
  December 29, 2009