NPORT-EX 2 NPORT_344056413459060.htm HTML

AB Cap Fund, Inc.

AB Select US Equity Portfolio

Portfolio of Investments

September 30, 2020 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 97.7%

        

Information Technology – 23.2%

        

IT Services – 3.2%

        

PayPal Holdings, Inc.(a)

      7,567        $ 1,490,926  

Visa, Inc. - Class A

      28,105          5,620,157  
       

 

 

  
          7,111,083  
       

 

 

  

Semiconductors & Semiconductor Equipment – 5.4%

 

Broadcom, Inc.

      5,616          2,046,021  

Intel Corp.

      34,394          1,780,922  

NVIDIA Corp.

      3,660          1,980,865  

QUALCOMM, Inc.

      19,679          2,315,825  

Texas Instruments, Inc.

      27,885          3,981,699  
       

 

 

  
                12,105,332  
       

 

 

  

Software – 8.2%

 

Adobe, Inc.(a)

      3,893          1,909,244  

Microsoft Corp.

      69,247          14,564,721  

salesforce.com, Inc.(a)

      6,821          1,714,254  
       

 

 

  
          18,188,219  
       

 

 

  

Technology Hardware, Storage & Peripherals – 6.4%

 

Apple, Inc.

      121,845          14,110,869  
       

 

 

  
          51,515,503  
       

 

 

  

Health Care – 14.0%

 

Biotechnology – 0.6%

 

Vertex Pharmaceuticals, Inc.(a)

      4,585          1,247,670  
       

 

 

  

Health Care Equipment & Supplies – 4.6%

 

Abbott Laboratories

      33,689          3,666,374  

Baxter International, Inc.

      33,815          2,719,402  

Boston Scientific Corp.(a)

      46,806          1,788,457  

Zimmer Biomet Holdings, Inc.

      15,939          2,169,936  
       

 

 

  
          10,344,169  
       

 

 

  

Health Care Providers & Services – 2.9%

 

Humana, Inc.

      3,773          1,561,607  

Quest Diagnostics, Inc.

      8,878          1,016,442  

UnitedHealth Group, Inc.

      12,079          3,765,870  
       

 

 

  
          6,343,919  
       

 

 

  

Pharmaceuticals – 5.9%

 

Eli Lilly & Co.

      18,022          2,667,617  

Johnson & Johnson

      40,657          6,053,014  

Merck & Co., Inc.

      53,195          4,412,525  
       

 

 

  
          13,133,156  
       

 

 

  
          31,068,914  
       

 

 

  

Communication Services – 13.2%

 

Diversified Telecommunication Services – 1.1%

 

Comcast Corp. - Class A

      51,445          2,379,846  
       

 

 

  

Entertainment – 4.8%

 

Activision Blizzard, Inc.

      81,294          6,580,749  

 

1

Company    Shares        U.S. $ Value  

Netflix, Inc.(a)

      2,928        $ 1,464,088  

Vivendi SA

      43,053          1,202,422  

Walt Disney Co. (The)

      12,019          1,491,317  
       

 

 

  
          10,738,576  
       

 

 

  

Interactive Media & Services – 6.2%

 

Alphabet, Inc. - Class C(a)

      5,470          8,038,712  

Facebook, Inc. - Class A(a)

      21,563          5,647,350  
       

 

 

  
          13,686,062  
       

 

 

  

Wireless Telecommunication Services – 1.1%

 

T-Mobile US, Inc.(a)

      22,042          2,520,723  
       

 

 

  
          29,325,207  
       

 

 

  

Financials – 11.7%

 

Banks – 5.6%

        

Bank of America Corp.

      127,528          3,072,149  

JPMorgan Chase & Co.

      59,411          5,719,497  

PNC Financial Services Group, Inc. (The)

      33,476          3,679,347  
       

 

 

  
                12,470,993  
       

 

 

  

Capital Markets – 3.3%

        

BlackRock, Inc. - Class A

      1,397          787,280  

Charles Schwab Corp. (The)

      42,540          1,541,224  

Goldman Sachs Group, Inc. (The)

      25,589          5,142,621  
       

 

 

  
          7,471,125  
       

 

 

  

Diversified Financial Services – 2.8%

 

Berkshire Hathaway, Inc. - Class B(a)

      29,070          6,190,166  
       

 

 

  
          26,132,284  
       

 

 

  

Industrials – 10.5%

        

Aerospace & Defense – 1.1%

        

Northrop Grumman Corp.

      7,746          2,443,785  
       

 

 

  

Construction & Engineering – 2.1%

 

Jacobs Engineering Group, Inc.

      51,218          4,751,494  
       

 

 

  

Industrial Conglomerates – 2.8%

 

Honeywell International, Inc.

      37,256          6,132,710  
       

 

 

  

Road & Rail – 4.5%

 

Norfolk Southern Corp.

      23,725          5,076,913  

Union Pacific Corp.

      25,576          5,035,147  
       

 

 

  
          10,112,060  
       

 

 

  
          23,440,049  
       

 

 

  

Consumer Staples – 10.1%

 

Beverages – 1.7%

 

Coca-Cola Co. (The)

      76,016          3,752,910  
       

 

 

  

Food & Staples Retailing – 2.9%

        

Costco Wholesale Corp.

      4,106          1,457,630  

Kroger Co. (The)

      46,653          1,582,003  

Walmart, Inc.

      24,451          3,420,940  
       

 

 

  
          6,460,573  
       

 

 

  

 

2

Company    Shares        U.S. $ Value  

Food Products – 0.4%

        

General Mills, Inc.

      12,425        $ 766,374  
       

 

 

  

Household Products – 4.3%

        

Procter & Gamble Co. (The)

      69,302          9,632,285  
       

 

 

  

Personal Products – 0.8%

        

Estee Lauder Cos., Inc. (The) - Class A

      8,012          1,748,619  
       

 

 

  
          22,360,761  
       

 

 

  

Consumer Discretionary – 9.3%

        

Hotels, Restaurants & Leisure – 0.8%

        

McDonald’s Corp.

      7,946          1,744,068  
       

 

 

  

Internet & Direct Marketing Retail – 5.2%

        

Alibaba Group Holding Ltd. (Sponsored ADR)(a)

      2,289          672,920  

Amazon.com, Inc.(a)

      3,054          9,616,221  

Booking Holdings, Inc.(a)

      738          1,262,482  
       

 

 

  
                11,551,623  
       

 

 

  

Multiline Retail – 0.5%

        

Target Corp.

      7,374          1,160,815  
       

 

 

  

Specialty Retail – 2.8%

        

Home Depot, Inc. (The)

      13,689          3,801,572  

Lowe’s Cos., Inc.

      15,140          2,511,121  
       

 

 

  
          6,312,693  
       

 

 

  
          20,769,199  
       

 

 

  

Utilities – 3.3%

        

Electric Utilities – 3.3%

        

NextEra Energy, Inc.

      19,560          5,429,074  

NRG Energy, Inc.

      63,044          1,937,972  
       

 

 

  
          7,367,046  
       

 

 

  

Energy – 1.5%

        

Oil, Gas & Consumable Fuels – 1.5%

        

Chevron Corp.

      32,557          2,344,104  

EOG Resources, Inc.

      27,473          987,380  
       

 

 

  
          3,331,484  
       

 

 

  

Materials – 0.9%

        

Containers & Packaging – 0.9%

        

Berry Global Group, Inc.(a)

      39,837          1,924,924  
       

 

 

  

Total Common Stocks
(cost $148,691,821)

           217,235,371  
       

 

 

  

PREFERRED STOCKS – 0.1%

        

Consumer Discretionary – 0.1%

        

Household Durables – 0.1%

        

Honest Co., Inc. (The) Series D 0.00% (a) (b) (c)
(cost $183,249)

      4,005          126,499  
       

 

 

  

 

3

Company           Shares        U.S. $ Value  

SHORT-TERM INVESTMENTS – 2.1%

          

Investment Companies – 1.7%

          

AB Fixed Income Shares, Inc.- Government Money Market Portfolio - Class AB, 0.05%(d) (e) (f)
(cost $3,761,207)

        3,761,207        $ 3,761,207  
         

 

 

  
    Principal
Amount
(000)		           

Time Deposits – 0.4%

 

BBH, Grand Cayman

 

        

(0.23)%, 10/01/2020

     JPY        1,528          14,485  

0.01%, 10/01/2020

     GBP        0 *         5  

0.03%, 10/01/2020

     CAD        5          3,912  

Citibank, London (0.69)%, 10/01/2020

     EUR        907          1,063,109  
         

 

 

  

Total Time Deposits
(cost $1,081,511)

 

        1,081,511  
         

 

 

  

Total Short-Term Investments
(cost $4,842,718)

 

        4,842,718  
         

 

 

  

Total Investments – 99.9%
(cost $153,717,788)(g)

 

            222,204,588  

Other assets less liabilities – 0.1%

 

        129,245  
         

 

 

  

Net Assets – 100.0%

 

      $ 222,333,833  
         

 

 

  

 

*

Principal amount less than 500.

(a)

Non-income producing security.

(b)

Fair valued by the Adviser.

(c)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(d)

The rate shown represents the 7-day yield as of period end.

(e)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(f)

Affiliated investments.

(g)

As of September 30, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $69,503,053 and gross unrealized depreciation of investments was $(1,016,253), resulting in net unrealized appreciation of $68,486,800.

Currency Abbreviations:

CAD – Canadian Dollar

EUR – Euro

GBP – Great British Pound

JPY – Japanese Yen

Glossary:

ADR – American Depositary Receipt

 

4

AB Cap Fund, Inc.

AB Select US Equity Portfolio

September 30, 2020 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

  •  

Level 1—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)

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of September 30, 2020:

 

Investments in Securities

    Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks:            

Information Technology

    $ 51,515,503      $ -0-      $ -0-      $ 51,515,503  

Health Care

      31,068,914        -0-        -0-        31,068,914  

Communication Services

      28,122,785        1,202,422        -0-        29,325,207  

Financials

      26,132,284        -0-        -0-        26,132,284  

Industrials

      23,440,049        -0-        -0-        23,440,049  

Consumer Staples

      22,360,761        -0-        -0-        22,360,761  

Consumer Discretionary

      20,769,199        -0-        -0-        20,769,199  

Utilities

      7,367,046        -0-        -0-        7,367,046  

Energy

      3,331,484        -0-        -0-        3,331,484  

Materials

      1,924,924        -0-        -0-        1,924,924  
Preferred Stocks      -0-        -0-        126,499        126,499  
Short-Term Investments:            

Investment Companies

      3,761,207        -0-        -0-        3,761,207  

Time Deposits

      -0-        1,081,511        -0-        1,081,511  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      219,794,156        2,283,933        126,499        222,204,588  
Other Financial Instruments*      -0-        -0-        -0-        -0-  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     219,794,156      $         2,283,933      $            126,499      $     222,204,588  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

*

Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation/(depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, options written and swaptions written which are valued at market value.

 

5

A summary of the Fund’s transactions in AB mutual funds for the three months ended September 30, 2020 is as follows:

 

Fund   

Market Value

6/30/20

(000)

     

Purchases

at Cost

(000)

     

Sales

Proceeds

(000)

      Market Value
9/30/20 (000)		     

Dividend

Income

(000)

  
Government Money Market Portfolio    $       4,604      $     18,612      $     19,455      $       3,761      $                 1  
Government Money Market Portfolio*      -0-        -0-        -0-        -0-        0 ** 
Total                               $ 3,761      $ 1  

 

*

Investment of cash collateral for securities lending transactions.

**

Amount is less than $500.

 

6