-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NtvetNQHX7XqAyJq2bS6m0iqaS+Cb3cVtg1KdPfohhH4lArCDvh1FQgYOgvHC4kP /rT8R3qmB3kQc5pe/+jY4A== 0000950123-10-116643.txt : 20101228 0000950123-10-116643.hdr.sgml : 20101228 20101228113302 ACCESSION NUMBER: 0000950123-10-116643 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101031 FILED AS OF DATE: 20101228 DATE AS OF CHANGE: 20101228 EFFECTIVENESS DATE: 20101228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE LARGE CAP SERIES, INC. CENTRAL INDEX KEY: 0000049702 IRS NUMBER: 410962638 STATE OF INCORPORATION: MN FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02111 FILM NUMBER: 101275227 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 612-671-4321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP GROWTH SERIES INC/MN DATE OF NAME CHANGE: 20001011 FORMER COMPANY: FORMER CONFORMED NAME: AXP GROWTH FUND INC DATE OF NAME CHANGE: 20000829 FORMER COMPANY: FORMER CONFORMED NAME: IDS GROWTH FUND INC DATE OF NAME CHANGE: 19920703 0000049702 S000003287 Columbia Large Core Quantitative Fund C000008741 Columbia Large Core Quantitative Fund Class B AQEBX C000008742 Columbia Large Core Quantitative Fund Class C RDCEX C000008744 Columbia Large Core Quantitative Fund Class A AQEAX C000008745 Columbia Large Core Quantitative Fund Class I ALEIX C000042888 Columbia Large Core Quantitative Fund Class R C000042890 Columbia Large Core Quantitative Fund Class R4 RQEYX C000042891 Columbia Large Core Quantitative Fund Class R5 RSIPX C000042892 Columbia Large Core Quantitative Fund Class W RDEWX C000094096 Columbia Large Core Quantitative Fund Class Z CCRZX N-Q 1 c61572nvq.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: July 31
Date of reporting period: October 31, 2010
 
 

 

 

Item 1. Schedule of Investments
Portfolio of Investments
Columbia Large Core Quantitative Fund
Oct. 31, 2010 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in Securities
Common Stocks (99.4%)
                         
Issuer   Shares             Value(a)  
Aerospace & Defense (3.9%)
                        
General Dynamics Corp.
     287,791             $ 19,604,323  
L-3 Communications Holdings, Inc.
     28,851               2,082,754  
Lockheed Martin Corp.
     673,790  (d)             48,034,488  
Northrop Grumman Corp.
     79,437  (d)             5,021,213  
Raytheon Co.
     799,584               36,844,831  
United Technologies Corp.
     501,091               37,466,574  
 
                      
Total
                     149,054,183  
 
                      
 
                        
Air Freight & Logistics (0.8%)
                        
United Parcel Service, Inc., Class B
     469,200               31,595,928  
 
                        
Automobiles (0.7%)
                        
Ford Motor Co.
     1,970,062  (b,d)             27,836,976  
 
                        
Beverages (1.4%)
                        
The Coca-Cola Co.
     870,054               53,351,711  
 
                        
Biotechnology (1.2%)
                        
Amgen, Inc.
     681,673  (b)             38,984,879  
Biogen Idec, Inc.
     25,000  (b)             1,567,750  
Cephalon, Inc.
     86,619  (b,d)             5,754,966  
 
                      
Total
                     46,307,595  
 
                      
 
                        
Capital Markets (1.2%)
                        
Franklin Resources, Inc.
     205,911               23,617,992  
T Rowe Price Group, Inc.
     28,175  (d)             1,557,232  
The Goldman Sachs Group, Inc.
     122,049               19,643,787  
 
                      
Total
                     44,819,011  
 
                      
 
                        
Chemicals (1.4%)
                        
Eastman Chemical Co.
     365,780  (d)             28,739,334  
EI du Pont de Nemours & Co.
     29,239               1,382,420  
International Flavors & Fragrances, Inc.
     118,635               5,950,732  
PPG Industries, Inc.
     186,760               14,324,492  
The Sherwin-Williams Co.
     61,958  (d)             4,521,075  
 
                      
Total
                     54,918,053  
 
                      
 
                        
Commercial Banks (2.5%)
                        
Fifth Third Bancorp
     2,629,835  (d)             33,030,728  
Huntington Bancshares, Inc.
     363,386  (d)             2,060,399  
KeyCorp
     155,310  (d)             1,271,989  
PNC Financial Services Group, Inc.
     940,736               50,705,670  
SunTrust Banks, Inc.
     350,473  (d)             8,768,834  
 
                      
Total
                     95,837,620  
 
                      
 
                        
Commercial Services & Supplies (0.8%)
                        
Avery Dennison Corp.
     30,266  (d)             1,100,169  
Pitney Bowes, Inc.
     192,737  (d)             4,228,650  

 

 

                 
Issuer   Shares     Value(a)  
RR Donnelley & Sons Co.
     1,411,073       26,034,297  
 
              
Total
             31,363,116  
 
              
 
                
Communications Equipment (0.1%)
                
Harris Corp.
     47,990  (d)     2,168,668  
 
                
Computers & Peripherals (7.1%)
                
Apple, Inc.
     580,634  (b)     174,695,351  
Dell, Inc.
     999,141  (b)     14,367,648  
Hewlett-Packard Co.
     655,733       27,580,130  
Lexmark International, Inc., Class A
     755,294  (b,d)     28,723,830  
SanDisk Corp.
     705,000  (b)     26,493,900  
 
              
Total
             271,860,859  
 
              
 
                
Consumer Finance (1.5%)
                
Capital One Financial Corp.
     929,300  (d)     34,635,011  
Discover Financial Services
     728,468       12,857,460  
SLM Corp.
     878,005  (b,d)     10,448,260  
 
              
Total
             57,940,731  
 
              
 
                
Diversified Consumer Services (0.1%)
                
Apollo Group, Inc., Class A
     95,703  (b)     3,586,948  
H&R Block, Inc.
     168,338  (d)     1,984,705  
 
              
Total
             5,571,653  
 
              
 
                
Diversified Financial Services (3.3%)
                
Citigroup, Inc.
     21,816,614  (b)     90,975,280  
JPMorgan Chase & Co.
     570,000       21,449,100  
NYSE Euronext
     435,800       13,352,912  
 
              
Total
             125,777,292  
 
              
 
                
Diversified Telecommunication Services (3.4%)
                
AT&T, Inc.
     2,706,700       77,140,950  
Verizon Communications, Inc.
     1,670,074  (d)     54,227,303  
 
              
Total
             131,368,253  
 
              
 
                
Electric Utilities (2.4%)
                
Edison International
     188,613       6,959,820  
Entergy Corp.
     192,400       14,339,572  
Exelon Corp.
     1,563,865  (d)     63,836,969  
FirstEnergy Corp.
     218,737  (d)     7,944,528  
 
              
Total
             93,080,889  
 
              
 
                
Electrical Equipment (0.5%)
                
Emerson Electric Co.
     375,370  (d)     20,607,813  
 
                
Electronic Equipment, Instruments & Components (0.2%)
                
Tyco Electronics Ltd.
     215,570  (c)     6,829,258  
 
                
Energy Equipment & Services (1.9%)
                
FMC Technologies, Inc.
     96,878  (b)     6,984,904  
National Oilwell Varco, Inc.
     1,119,882       60,204,856  
Rowan Companies, Inc.
     193,235  (b)     6,357,432  
 
              
Total
             73,547,192  
 
              
 
                
Food & Staples Retailing (3.0%)
                
Walgreen Co.
     342,190  (d)     11,593,397  
Wal-Mart Stores, Inc.
     1,936,692  (d)     104,910,606  
 
              
Total
             116,504,003  
 
              

 

 

                 
Issuer   Shares     Value(a)  
Food Products (1.7%)
                
Campbell Soup Co.
     325,000  (d)     11,781,250  
Hormel Foods Corp.
     177,604  (d)     8,155,576  
The Hershey Co.
     888,484  (d)     43,971,073  
 
              
Total
             63,907,899  
 
              
 
                
Health Care Equipment & Supplies (0.4%)
                
Becton Dickinson and Co.
     86,231  (d)     6,512,166  
CR Bard, Inc.
     55,179  (d)     4,586,478  
St. Jude Medical, Inc.
     41,861  (b)     1,603,276  
Varian Medical Systems, Inc.
     27,347  (b,d)     1,728,877  
 
              
Total
             14,430,797  
 
              
 
                
Health Care Providers & Services (3.0%)
                
Aetna, Inc.
     156,945       4,686,378  
AmerisourceBergen Corp.
     210,461  (d)     6,907,330  
Cardinal Health, Inc.
     133,752       4,639,857  
CIGNA Corp.
     266,453       9,376,481  
Laboratory Corp. of America Holdings
     48,300  (b,d)     3,927,756  
McKesson Corp.
     63,704       4,203,190  
UnitedHealth Group, Inc.
     2,270,340       81,845,757  
 
              
Total
             115,586,749  
 
              
 
                
Household Durables (0.1%)
                
Newell Rubbermaid, Inc.
     181,026  (d)     3,195,109  
Whirlpool Corp.
     27,747  (d)     2,104,055  
 
              
Total
             5,299,164  
 
              
 
                
Household Products (0.6%)
                
Colgate-Palmolive Co.
     159,741  (d)     12,319,226  
Kimberly-Clark Corp.
     152,900       9,684,686  
 
              
Total
             22,003,912  
 
              
 
                
Industrial Conglomerates (3.0%)
                
3M Co.
     354,512       29,857,001  
General Electric Co.
     5,324,607  (d)     85,300,204  
 
              
Total
             115,157,205  
 
              
 
                
Insurance (5.0%)
                
Aflac, Inc.
     473,999       26,491,804  
AON Corp.
     1,068,835  (d)     42,486,191  
Assurant, Inc.
     166,592       6,587,048  
Chubb Corp.
     259,660       15,065,473  
Hartford Financial Services Group, Inc.
     1,285,143  (d)     30,817,729  
Lincoln National Corp.
     397,673       9,735,035  
The Allstate Corp.
     1,241,185       37,843,731  
The Travelers Companies, Inc.
     253,905  (d)     14,015,556  
Torchmark Corp.
     151,338  (d)     8,668,641  
 
              
Total
             191,711,208  
 
              
 
                
Internet & Catalog Retail (0.7%)
                
priceline.com, Inc.
     69,608  (b,d)     26,228,990  
 
                
IT Services (4.0%)
                
IBM Corp.
     938,920  (e)     134,828,912  
Teradata Corp.
     441,300  (b)     17,369,568  

 

 

                 
Issuer   Shares     Value(a)  
Total System Services, Inc.
     17,806  (d)     277,952  
 
              
Total
             152,476,432  
 
              
 
                
Leisure Equipment & Products (0.1%)
                
Mattel, Inc.
     97,031  (d)     2,263,733  
 
                
Machinery (0.4%)
                
Eaton Corp.
     61,874       5,496,267  
Illinois Tool Works, Inc.
     187,816  (d)     8,583,192  
 
              
Total
             14,079,459  
 
              
 
                
Media (1.9%)
                
DIRECTV, Class A
     1,005,100  (b)     43,681,646  
Gannett Co., Inc.
     534,121  (d)     6,329,334  
News Corp., Class A
     105,501       1,525,544  
Time Warner Cable, Inc.
     130,802       7,569,512  
Viacom, Inc., Class B
     315,058  (d)     12,158,088  
 
              
Total
             71,264,124  
 
              
 
                
Metals & Mining (2.4%)
                
Freeport-McMoRan Copper & Gold, Inc.
     433,365  (d)     41,030,998  
Newmont Mining Corp.
     841,055       51,195,018  
 
              
Total
             92,226,016  
 
              
 
                
Multiline Retail (1.2%)
                
Family Dollar Stores, Inc.
     843,749       38,955,892  
Macy’s, Inc.
     320,682       7,580,922  
 
              
Total
             46,536,814  
 
              
 
                
Multi-Utilities (0.9%)
                
Public Service Enterprise Group, Inc.
     1,068,069  (d)     34,552,032  
 
                
Oil, Gas & Consumable Fuels (9.7%)
                
Apache Corp.
     718,796  (d)     72,612,772  
Chevron Corp.
     1,152,421  (d)     95,201,498  
ConocoPhillips
     1,750,864  (d)     104,001,321  
Exxon Mobil Corp.
     935,887       62,208,409  
Marathon Oil Corp.
     866,305       30,814,469  
Pioneer Natural Resources Co.
     42,804  (d)     2,987,719  
 
              
Total
             367,826,188  
 
              
 
                
Personal Products (0.1%)
                
The Estee Lauder Companies, Inc., Class A
     80,722       5,744,985  
 
                
Pharmaceuticals (7.0%)
                
Abbott Laboratories
     1,020,912       52,393,204  
Eli Lilly & Co.
     1,904,573  (d)     67,040,970  
Forest Laboratories, Inc.
     424,458  (b)     14,028,337  
Johnson & Johnson
     913,887       58,187,185  
Merck & Co., Inc.
     2,132,929       77,382,663  
 
              
Total
             269,032,359  
 
              
 
                
Professional Services (0.4%)
                
Dun & Bradstreet Corp.
     220,500  (d)     16,407,405  
 
                
Real Estate Investment Trusts (REITs) (1.7%)
                
Apartment Investment & Management Co., Class A
     578,500       13,484,835  
Equity Residential
     269,098  (d)     13,086,236  

 

 

                 
Issuer   Shares     Value(a)  
Simon Property Group, Inc.
     276,830  (d)     26,581,216  
Vornado Realty Trust
     150,504  (d)     13,152,545  
 
              
Total
             66,304,832  
 
              
 
                
Road & Rail (0.5%)
                
CSX Corp.
     149,508       9,187,267  
Ryder System, Inc.
     210,082       9,191,087  
 
              
Total
             18,378,354  
 
              
 
                
Semiconductors & Semiconductor Equipment (2.9%)
                
Advanced Micro Devices, Inc.
     775,100  (b,d)     5,681,483  
Intel Corp.
     1,271,200       25,512,984  
Texas Instruments, Inc.
     2,696,115  (d)     79,724,121  
 
              
Total
             110,918,588  
 
              
 
                
Software (4.6%)
                
Intuit, Inc.
     480,900  (b)     23,083,200  
Microsoft Corp.
     5,467,718       145,660,007  
Oracle Corp.
     314,499       9,246,271  
 
              
Total
             177,989,478  
 
              
 
                
Specialty Retail (4.3%)
                
AutoZone, Inc.
     111,700  (b,d)     26,543,271  
Best Buy Co., Inc.
     244,864  (d)     10,524,255  
GameStop Corp., Class A
     765,223  (b,d)     15,044,284  
Limited Brands, Inc.
     2,000,019  (d)     58,780,558  
Ross Stores, Inc.
     435,476       25,688,729  
The Gap, Inc.
     456,661  (d)     8,681,126  
TJX Companies, Inc.
     450,240  (d)     20,661,514  
 
              
Total
             165,923,737  
 
              
 
                
Textiles, Apparel & Luxury Goods (1.1%)
                
Coach, Inc.
     433,639  (d)     21,681,950  
NIKE, Inc., Class B
     209,579  (d)     17,068,114  
Polo Ralph Lauren Corp.
     21,958  (d)     2,127,291  
VF Corp.
     14,845       1,235,698  
 
              
Total
             42,113,053  
 
              
 
                
Tobacco (4.1%)
                
Altria Group, Inc.
     1,434,984       36,477,293  
Lorillard, Inc.
     253,000  (d)     21,591,020  
Philip Morris International, Inc.
     1,678,419       98,187,512  
 
              
Total
             156,255,825  
 
              
 
                
Trading Companies & Distributors (0.2%)
                
WW Grainger, Inc.
     76,000  (d)     9,426,280  
 
              
Total Common Stocks
                
(Cost: $3,472,680,588)
           $ 3,814,386,422  
 
              
Money Market Fund (0.6%)
                 
    Shares     Value(a)  
Columbia Short-Term Cash Fund, 0.241%
     23,301,151  (f)   $ 23,301,151  
 
              
Total Money Market Fund
                
(Cost: $23,301,151)
           $ 23,301,151  
 
              

 

 

Investments of Cash Collateral Received for Securities on Loan (23.4%)
                         
    Effective     Amount payable        
Issuer   Yield     at maturity     Value(a)  
Asset-Backed Commercial Paper (0.8%)
                        
Belmont Funding LLC
                        
11-05-10
     0.500 %   $ 9,997,500     $ 9,997,500  
Ebbets Funding LLC
                        
11-08-10
     0.520       14,993,283       14,993,283  
Working Capital Management Co., L.P.
                        
11-19-10
     0.280       4,999,028       4,999,028  
 
                      
Total
                     29,989,811  
 
                      
                         
Certificates of Deposit (17.2%)
                        
Australia and New Zealand Bank Group
                        
11-22-10
     0.350       10,000,000       10,000,000  
Bank of Tokyo Securities
                        
01-20-11
     0.320       9,991,829       9,991,829  
Banque et Caisse d’Epargne de l’Etat
                        
11-22-10
     0.300       19,989,755       19,989,755  
11-22-10
     0.307       4,997,358       4,997,358  
BRED Banque Populaire
                        
02-01-11
     0.540       4,990,792       4,990,792  
Caisse des Depots
                        
12-13-10
     0.345       9,991,287       9,991,287  
12-20-10
     0.350       9,991,161       9,991,161  
12-23-10
     0.350       22,952,831       22,952,831  
Canadian Imperial Bank
                        
04-07-11
     0.300       15,000,000       15,000,000  
Clydesdale Bank PLC
                        
01-21-11
     0.370       10,000,000       10,000,000  
Credit Agricole
                        
04-21-11
     0.400       25,000,617       25,000,617  
Credit Industrial et Commercial
                        
11-05-10
     0.500       20,000,766       20,000,766  
01-04-11
     0.470       15,000,000       15,000,000  
Credit Suisse
                        
04-15-11
     0.300       12,000,000       12,000,000  
Deutsche Bank AG
                        
12-06-10
     0.437       20,000,000       20,000,000  
Development Bank of Singapore Ltd.
                        
11-09-10
     0.400       5,000,000       5,000,000  
DZ Bank AG
                        
11-16-10
     0.360       16,000,000       16,000,000  
12-10-10
     0.350       10,000,000       10,000,000  
Erste Bank der Oesterreichischen Sparkassen AG
                        
11-19-10
     0.320       9,997,334       9,997,334  
11-22-10
     0.320       4,998,578       4,998,578  
Hong Kong Shanghai Bank Corp., Ltd.
                        
11-04-10
     0.250       10,000,000       10,000,000  
11-12-10
     0.300       10,000,000       10,000,000  
KBC Bank NV
                        
11-15-10
     0.450       10,000,000       10,000,000  
La Banque Postale
                        
11-16-10
     0.345       9,994,158       9,994,158  
Landesbank Hessen Thuringen
                        
11-29-10
     0.270       15,000,000       15,000,000  
Mitsubishi UFJ Trust and Banking Corp.
                        
11-22-10
     0.350       10,000,000       10,000,000  
Mizuho Corporate Bank Ltd.
                        
11-15-10
     0.300       9,997,334       9,997,334  
National Australia Bank Ltd.
                        
03-17-11
     0.306       25,000,000       25,000,000  

 

 

                         
    Effective     Amount payable        
Issuer   yield     at maturity     Value(a)  
National Bank of Canada
                        
03-21-11
     0.400       21,000,000       21,000,000  
Natixis
                        
01-07-11
     0.440       25,000,000       25,000,000  
Norinchukin Bank
                        
11-22-10
     0.310       9,994,664       9,994,664  
01-25-11
     0.330       15,000,000       15,000,000  
Nykredit Bank
                        
11-04-10
     0.460       9,996,040       9,996,040  
11-12-10
     0.450       10,000,000       10,000,000  
Overseas Chinese Banking Corp.
                        
12-23-10
     0.350       10,000,000       10,000,000  
12-30-10
     0.350       5,000,000       5,000,000  
Pohjola Bank PLC
                        
12-16-10
     0.445       14,983,146       14,983,146  
Rabobank Group
                        
04-27-11
     0.306       25,000,000       25,000,000  
Skandinaviska Enskilda Banken AB
                        
11-15-10
     0.300       14,996,126       14,996,126  
Societe Generale
                        
12-23-10
     0.310       4,997,461       4,997,461  
02-01-11
     0.315       15,000,000       15,000,000  
Standard Chartered Bank PLC
                        
12-01-10
     0.305       12,000,000       12,000,000  
12-21-10
     0.340       14,987,119       14,987,119  
Sumitomo Mitsui Banking Corp.
                        
11-08-10
     0.290       12,997,173       12,997,173  
12-13-10
     0.310       10,000,000       10,000,000  
Sumitomo Trust & Banking Co., Ltd.
                        
04-21-11
     0.510       10,000,000       10,000,000  
Swedbank AB
                        
11-29-10
     0.290       19,994,685       19,994,685  
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
                        
11-08-10
     0.290       4,998,752       4,998,752  
11-15-10
     0.295       3,499,111       3,499,111  
11-24-10
     0.300       4,998,750       4,998,750  
12-16-10
     0.350       4,995,580       4,995,580  
Union Bank of Switzerland
                        
04-18-11
     0.336       12,000,000       12,000,000  
United Overseas Bank Ltd.
                        
11-18-10
     0.300       10,000,000       10,000,000  
 
                      
Total
                     657,332,407  
 
                      
 
                        
Commercial Paper (0.1%)
                        
Suncorp Metway Ltd.
                        
11-08-10
     0.300       4,998,625       4,998,625  
 
                        
Other Short-Term Obligations (0.6%)
                        
The Goldman Sachs Group, Inc.
                        
12-22-10
     0.520       13,500,000       13,500,000  
01-14-11
     0.420       10,000,000       10,000,000  
 
                      
Total
                     23,500,000  
 
                      

 

 

                         
    Effective     Principal        
Issuer   yield     amount     Value(a)  
Repurchase Agreements (4.7%)(g)
                        
Barclays Capital, Inc.
                        
dated 03-22-10, matures 11-29-10,
                        
repurchase price
                        
$20,008,094
     0.470 %   $ 20,000,000     $ 20,000,000  
Barclays Capital, Inc.
                        
dated 10-13-10, matures 11-29-10,
                        
repurchase price
                        
$20,006,372
     0.370       20,000,000       20,000,000  
Cantor Fitzgerald & Co.
                        
dated 10-29-10, matures 11-01-10,
                        
repurchase price
                        
$20,000,400
     0.240       20,000,000       20,000,000  
Deutsche Bank AG
                        
dated 10-29-10, matures 11-01-10,
                        
repurchase price
                        
$56,841,213
     0.230       56,840,123       56,840,123  
Merrill Lynch Government Securities Income
                        
dated 10-29-10, matures 11-01-10,
                        
repurchase price
                        
$14,000,268
     0.230       14,000,000       14,000,000  
Pershing LLC
                        
dated 10-29-10, matures 11-01-10,
                        
repurchase price
                        
$10,000,267
     0.320       10,000,000       10,000,000  
RBS Securities, Inc.
                        
dated 04-01-10, matures 12-03-10,
                        
repurchase price
                        
$25,011,424
     0.470       25,000,000       25,000,000  
RBS Securities, Inc.
                        
dated 08-18-10, matures 12-03-10,
                        
repurchase price
                        
$5,001,799
     0.370       5,000,000       5,000,000  
RBS Securities, Inc.
                        
dated 10-29-10, matures 11-01-10,
                        
repurchase price
                        
$10,000,183
     0.220       10,000,000       10,000,000  
$1,000,031
     0.370       1,000,000       1,000,000  
 
                      
Total
                     181,840,123  
 
                      
Total Investments of Cash Collateral Received for Securities on Loan
                        
(Cost: $897,660,966)
                   $ 897,660,966  
 
                      
Total Investments in Securities
                        
(Cost: $4,393,642,705)(h)
                   $ 4,735,348,539  
 
                      
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.
Investments in Derivatives
Futures Contracts Outstanding at Oct. 31, 2010
                                 
    Number of                     Unrealized  
    contracts     Notional     Expiration     appreciation  
Contract description   long (short)     market value     date     (depreciation)  
 
S&P 500 Index
     77     $ 22,709,225     Dec. 2010   $ 88,094  
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, 2010.
 
(b)   Non-income producing.
 
(c)   Foreign security values are stated in U.S. dollars. At Oct. 31, 2010, the value of foreign securities, excluding short-term securities, represented 0.18% of net assets.
 
(d)   At Oct. 31, 2010, security was partially or fully on loan.
 
(e)   At Oct. 31, 2010, investments in securities included securities valued at $8,386,240 that were partially pledged as collateral to cover initial margin deposits on open stock index futures contracts.
 
(f)   Affiliated Money Market Fund — The Fund may invest its daily cash balance in Columbia Short-Term Cash Fund, a money market fund established for the exclusive use of funds and other institutional clients of Columbia Management. The rate shown is the seven-day current annualized yield at Oct. 31, 2010.

 

 

(g)   The table below represents securities received as collateral for repurchase agreements. This collateral, which is generally high quality short-term obligations, is deposited with the Fund’s custodian and, pursuant to the terms of the repurchase agreement, must have an aggregate market value greater than or equal to the repurchase price plus accrued interest at all times. The value of securities and/or cash held as collateral for repurchase agreements is monitored on a daily basis to ensure the existence of the proper level of collateral.
Barclays Capital, Inc. (0.470%)
         
Security description   Value (a)  
 
Bear Stearns Commercial Mortgage Securities
   $ 3,766,841  
Citigroup Commercial Mortgage Trust
     1,351,445  
Granite Master Issuer PLC
     3,910,969  
GS Mortgage Securities Corp II
     1,222,096  
LB Commercial Conduit Mortgage Trust
     1,667,414  
LB-UBS Commercial Mortgage Trust
     2,335,035  
Merrill Lynch Mortgage Trust
     1,347,467  
Morgan Stanley Capital I
     1,022,322  
Paragon Mortgages PLC
     3,213,996  
WaMu Mortgage Pass Through Certificates
     1,162,415  
 
Total market value of collateral securities
   $ 21,000,000  
 
Barclays Capital, Inc. (0.370%)
         
Security description   Value (a)  
 
Arabella Arabella
   $ 895,500  
Banco Bilbao Vizcaya Argentaria/New York NY
     45,982  
BNP Paribas
     140,624  
Bp Capital Markets PLC
     1,761,555  
Commonwealth Bank of Australia
     1,659,236  
Cparcher Daniels M D
     999,340  
Credit Agic Corp
     4,203  
Gdz Suez
     907,627  
Grampian Funding Ltd/LLC
     1,189,456  
John Deere Credit Ltd
     955,841  
Kfw
     919,504  
Lloyds Bk PLC
     504,590  
Nationwide Building Soc
     1,951,434  
Network Rail Infrastructure
     799,776  
Nieuw Amsterdam
     651,511  
Oesterreichische Kontrollbank AG
     1,716,773  
Prudential PLC
     2,966,205  
Rabobank Nederland
     123,650  
Societe Generale
     1,685,370  
Societe Generale/New York NY
     100,000  
Ubs Ag Stamford Bran
     22,103  
Wal-Mart Stores Inc
     999,720  
 
Total market value of collateral securities
   $ 21,000,000  
 
Cantor Fitzgerald & Co. (0.240%)
         
Security description   Value (a)  
 
Fannie Mae Grantor Trust
   $ 1,029  
Fannie Mae Interest Strip
     320,272  
Fannie Mae Pool
     2,491,573  
Fannie Mae Principal Strip
     58,017  
Fannie Mae REMICS
     2,999,727  
Fannie Mae Whole Loan
     49,400  
Federal National Mortgage Association
     120,961  
FHLMC Multifamily Structured Pass Through Certificates
     786  
FHLMC Structured Pass Through Securities
     23,141  
Freddie Mac Coupon Strips
     2,181  
Freddie Mac Non Gold Pool
     1,204,409  
Freddie Mac Reference REMIC
     16,778  
Freddie Mac REMICS
     1,307,982  
Freddie Mac Strips
     692,541  
Ginnie Mae I Pool
     2,697,024  
Ginnie Mae II Pool
     5,066,045  
Government National Mortgage Association
     1,758,911  
United States Treasury Inflation Indexed Bonds
     202,554  
United States Treasury Strip Coupon
     1,046,498  
United States Treasury Strip Principal
     340,171  
 
Total market value of collateral securities
   $ 20,400,000  
 
Deutsche Bank AG (0.230%)
         
Security description   Value (a)  
 
Fannie Mae Pool
   $ 57,976,926  
 
Total market value of collateral securities
   $ 57,976,926  
 

 

 

Merrill Lynch Government Securities Income (0.230%)
         
Security description   Value (a)  
 
Fannie Mae Pool
   $ 8,791,948  
Fannie Mae REMICS
     2,954,539  
Government National Mortgage Association
     2,533,596  
 
Total market value of collateral securities
   $ 14,280,083  
 
Pershing LLC (0.320%)
         
Security description   Value (a)  
 
Fannie Mae Pool
   $ 1,523,803  
Fannie Mae REMICS
     706,705  
Fannie Mae Whole Loan
     11,755  
Federal Farm Credit Bank
     358,128  
Federal Home Loan Banks
     130,584  
Federal Home Loan Mortgage Corp
     17,713  
Federal National Mortgage Association
     206,414  
Freddie Mac Gold Pool
     1,386,991  
Freddie Mac REMICS
     851,649  
Ginnie Mae I Pool
     1,291,472  
Ginnie Mae II Pool
     1,158,855  
Government National Mortgage Association
     1,080,913  
United States Treasury Inflation Indexed Bonds
     19,504  
United States Treasury Note/Bond
     1,455,515  
 
Total market value of collateral securities
   $ 10,200,001  
 
RBS Securities, Inc. (0.470%)
         
Security description   Value (a)  
 
American Home Mortgage Investment Trust
   $ 552,896  
Banc of America Commercial Mortgage Inc
     2,457,262  
Banc of America Large Loan Inc
     1,237,727  
Bella Vista Mortgage Trust
     26,982  
CC Mortgage Funding Corp
     164,321  
Citigroup/Deutsche Bank Commercial Mortgage Trust
     1,031,778  
Commercial Mortgage Pass Through Certificates
     7,494  
Countrywide Home Loan Mortgage Pass Through Trust
     126,451  
Credit Suisse First Boston Mortgage Securities Corp
     315,598  
Credit Suisse Mortgage Capital Certificates
     149,721  
First Horizon Alternative Mortgage Securities
     28,963  
First Republic Mortgage Loan Trust
     632,973  
Ford Credit Floorplan Master Owner Trust
     5,225,818  
GE Capital Commercial Mortgage Corp
     1,659,811  
GMAC Mortgage Corp Loan Trust
     30,237  
Greenwich Capital Commercial Funding Corp
     128,253  
GS Mortgage Securities Corp II
     1,004,995  
Harborview Mortgage Loan Trust
     109,864  
Honda Auto Receivables Owner Trust
     168,572  
JP Morgan Chase Commercial Mortgage Securities Corp
     6,264,063  
LB-UBS Commercial Mortgage Trust
     102,010  
MLCC Mortgage Investors Inc
     2,813  
Morgan Stanley Capital I
     316,728  
Sequoia Mortgage Trust
     3,720  
Wachovia Bank Commercial Mortgage Trust
     3,116,525  
WaMu Mortgage Pass Through Certificates
     1,342,345  
Wells Fargo Mortgage Backed Securities Trust
     42,130  
 
Total market value of collateral securities
   $ 26,250,050  
 
RBS Securities, Inc. (0.370%)
         
Security description   Value (a)  
 
Fannie Mae REMICS
   $ 48,624  
Freddie Mac REMICS
     4,962,349  
International Bank for Reconstruction & Development
     89,030  
 
Total market value of collateral securities
   $ 5,100,003  
 
RBS Securities, Inc. (0.220%)
         
Security description   Value (a)  
 
United States Treasury Note/Bond
   $ 10,200,002  
 
Total market value of collateral securities
   $ 10,200,002  
 

 

 

RBS Securities, Inc. (0.370%)
         
Security description   Value (a)  
 
American Express Issuance Trust
   $ 100  
Ameriquest Mortgage Securities Inc
     53,278  
BA Credit Card Trust
     12,819  
Bear Stearns Asset Backed Securities Trust
     9,000  
Capital Auto Receivables Asset Trust
     241  
Capital One Multi-Asset Execution Trust
     18,263  
Chase Issuance Trust
     15,178  
Citibank Credit Card Issuance Trust
     102,814  
Citigroup Commercial Mortgage Trust
     5,153  
Credit-Based Asset Servicing and Securitization LLC
     11,523  
Discover Card Master Trust
     37,825  
First National Master Note Trust
     12,057  
Ford Credit Auto Owner Trust
     5,898  
GE Capital Credit Card Master Note Trust
     39,209  
Goal Capital Funding Trust
     2,397  
Greenwich Capital Commercial Funding Corp
     77,738  
GS Mortgage Securities Corp II
     59,504  
Hyundai Auto Receivables Trust
     60,299  
Keycorp Student Loan Trust
     143  
Massachusetts Educational Financing Authority
     11,897  
MBNA Master Credit Card Trust
     36,678  
Morgan Stanley Dean Witter Capital I
     2,980  
Nelnet Student Loan Trust
     126,367  
Nissan Auto Lease Trust
     20,380  
Renaissance Home Equity Loan Trust
     9  
SLM Student Loan Trust
     260,811  
Terwin Mortgage Trust
     32,233  
Wachovia Bank Commercial Mortgage Trust
     35,225  
 
Total market value of collateral securities
   $ 1,050,019  
 
 
(h)   At Oct. 31, 2010, the cost of securities for federal income tax purposes was approximately $4,393,643,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:
         
Unrealized appreciation
   $ 475,634,000  
Unrealized depreciation
     (133,928,000 )
 
Net unrealized appreciation
   $ 341,706,000  
 

 

 

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 (to include NAV for open-end mutual funds). 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, 2010.
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 valuations may include, but are not limited to, financial statement analysis, capital account balances, 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, 2010:
                                 
    Fair value at Oct. 31, 2010
    Level 1   Level 2        
    quoted prices   other   Level 3    
    in active   significant   significant    
    markets for   observable   unobservable    
Description(a)   identical assets(b)   inputs   inputs   Total
 
Equity Securities
                                
Common Stocks
   $ 3,814,386,422     $ —     $ —     $ 3,814,386,422  
 
Total Equity Securities
     3,814,386,422       —       —       3,814,386,422  
 
 
                                
Other
                                
Affiliated Money Market Fund(c)
     23,301,151       —       —       23,301,151  
Investments of Cash Collateral Received for Securities on Loan
     —       897,660,966       —       897,660,966  
 
Total Other
     23,301,151       897,660,966       —       920,962,117  
 
 
                                
Investments in Securities
     3,837,687,573       897,660,966       —       4,735,348,539  
Derivatives(d)
                                
Assets
                                
Futures Contracts
     88,094       —       —       88,094  
 
 
                                
Total
   $ 3,837,775,667     $ 897,660,966     $ —     $ 4,735,436,633  
 
(a)   See the Portfolio of Investments for all investment classifications not indicated in the table.
 
(b)   There were no significant transfers between Levels 1 and 2 during the period.
 
(c)   Money market fund that is a sweep investment for cash balances in the Fund at Oct. 31, 2010.
 
(d)   Derivative instruments are valued at unrealized appreciation (depreciation).

 

 

Item 2. Control and Procedures.
(a) The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that material information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
(b) There was no change 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.
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.

 

 

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/ J. Kevin Connaughton
 
J. Kevin Connaughton 		   
 
  President and Principal Executive Officer    
 
        
Date
  December 20, 2010    
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/ J. Kevin Connaughton
 
J. Kevin Connaughton 		   
 
  President and Principal Executive Officer    
 
        
Date
  December 20, 2010    
 
        
By
  /s/ Jeffrey P. Fox
 
Jeffrey P. Fox 		   
 
  Treasurer and Principal Financial Officer    
 
        
Date
  December 20, 2010    

 

EX-99.CERT 2 c61572exv99wcert.htm EX-99.CERT exv99wcert
Certification Pursuant to
270.30a-2 of the Investment Company Act of 1940
I, J. Kevin Connaughton, certify that:
  1.   I have reviewed this report on Form N-Q of RiverSource Large Cap Series, Inc.;
 
  2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
  3.   Based on my knowledge, the schedule(s) of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
 
  4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
  5.   The registrant’s other certifying officer(s) and I have disclosed, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
Date:
  December 20, 2010    
 
        
 
  /s/ J. Kevin Connaughton
 
J. Kevin Connaughton 		   
 
  President and Principal Executive Officer    

 

 

Certification Pursuant to
270.30a-2 of the Investment Company Act of 1940
I, Jeffrey P. Fox, certify that:
  1.   I have reviewed this report on Form N-Q of RiverSource Large Cap Series, Inc.;
 
  2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
  3.   Based on my knowledge, the schedule(s) of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
 
  4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
  5.   The registrant’s other certifying officer(s) and I have disclosed, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
Date:
  December 20, 2010    
 
        
 
  /s/ Jeffrey P. Fox
 
Jeffrey P. Fox 		   
 
  Treasurer and Principal Financial Officer    

 

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