NPORT-EX 2 NPORT_344030002133565.htm HTML

AB Cap Fund, Inc.

AB FlexFee US Thematic Portfolio

Portfolio of Investments

September 30, 2020 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 91.1%

        

Information Technology – 33.7%

        

Communications Equipment – 3.4%

        

Ciena Corp.(a)

      65,910        $ 2,615,968  

Lumentum Holdings, Inc.(a)

      34,644          2,602,804  
       

 

 

  
          5,218,772  
       

 

 

  

Electronic Equipment, Instruments & Components – 3.6%

        

Flex Ltd.(a)

      320,091          3,565,814  

Keysight Technologies, Inc.(a)

      18,977          1,874,548  
       

 

 

  
          5,440,362  
       

 

 

  

IT Services – 7.6%

        

MAXIMUS, Inc.

      29,682          2,030,545  

PayPal Holdings, Inc.(a)

      15,933          3,139,279  

Square, Inc. - Class A(a)

      17,060          2,773,103  

Visa, Inc. - Class A

      17,902          3,579,863  
       

 

 

  
          11,522,790  
       

 

 

  

Semiconductors & Semiconductor Equipment – 6.7%

        

Cree, Inc.(a)

      36,323          2,315,228  

Monolithic Power Systems, Inc.

      7,988          2,233,525  

NVIDIA Corp.

      5,265          2,849,523  

NXP Semiconductors NV

      21,525          2,686,535  
       

 

 

  
          10,084,811  
       

 

 

  

Software – 9.9%

        

ANSYS, Inc.(a)

      8,025          2,626,021  

Microsoft Corp.

      17,937          3,772,689  

Proofpoint, Inc.(a)

      22,088          2,331,389  

salesforce.com, Inc.(a)

      16,926          4,253,842  

Zendesk, Inc.(a)

      18,848          1,939,836  
       

 

 

  
          14,923,777  
       

 

 

  

Technology Hardware, Storage & Peripherals – 2.5%

        

Apple, Inc.

      32,806          3,799,263  
       

 

 

  
                50,989,775  
       

 

 

  

Health Care – 20.4%

        

Health Care Equipment & Supplies – 11.0%

        

Alcon, Inc.(a)

      44,316          2,523,796  

Danaher Corp.

      19,722          4,246,738  

Koninklijke Philips NV (ADR)(a)

      81,825          3,858,049  

STERIS PLC

      16,898          2,977,259  

West Pharmaceutical Services, Inc.

      10,959          3,012,629  
       

 

 

  
          16,618,471  
       

 

 

  

Health Care Providers & Services – 3.4%

        

Laboratory Corp. of America Holdings(a)

      16,648          3,134,319  

UnitedHealth Group, Inc.

      6,531          2,036,170  
       

 

 

  
          5,170,489  
       

 

 

  

 

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Company    Shares        U.S. $ Value  

Life Sciences Tools & Services – 6.0%

 

Bio-Rad Laboratories, Inc. - Class A(a)

      8,196        $ 4,224,710  

Bruker Corp.

      48,456          1,926,126  

ICON PLC(a)

      14,963          2,859,280  
       

 

 

  
          9,010,116  
       

 

 

  
                30,799,076  
       

 

 

  

Industrials – 11.5%

        

Building Products – 2.1%

        

Trex Co., Inc.(a)

      43,849          3,139,588  
       

 

 

  

Commercial Services & Supplies – 2.6%

 

Tetra Tech, Inc.

      4,507          430,418  

Waste Management, Inc.

      31,075          3,516,758  
       

 

 

  
          3,947,176  
       

 

 

  

Electrical Equipment – 4.7%

 

Rockwell Automation, Inc.

      15,786          3,483,655  

Vestas Wind Systems A/S (Sponsored ADR)

      67,516          3,634,386  
       

 

 

  
          7,118,041  
       

 

 

  

Machinery – 2.1%

 

Xylem, Inc./NY

      38,489          3,237,695  
       

 

 

  
          17,442,500  
       

 

 

  

Consumer Discretionary – 10.0%

        

Auto Components – 2.0%

        

Aptiv PLC

      32,759          3,003,345  
       

 

 

  

Household Durables – 1.3%

 

TopBuild Corp.(a)

      11,814          2,016,532  
       

 

 

  

Specialty Retail – 2.1%

 

Home Depot, Inc. (The)

      11,470          3,185,334  
       

 

 

  

Textiles, Apparel & Luxury Goods – 4.6%

 

Lululemon Athletica, Inc.(a)

      9,200          3,030,204  

NIKE, Inc. - Class B

      31,343          3,934,800  
       

 

 

  
          6,965,004  
       

 

 

  
          15,170,215  
       

 

 

  

Financials – 5.7%

        

Capital Markets – 4.7%

        

Intercontinental Exchange, Inc.

      36,196          3,621,410  

MSCI, Inc. - Class A

      9,523          3,397,616  
       

 

 

  
          7,019,026  
       

 

 

  

Insurance – 1.0%

        

Aflac, Inc.

      42,250          1,535,787  
       

 

 

  
          8,554,813  
       

 

 

  

Utilities – 4.8%

        

Electric Utilities – 2.7%

 

NextEra Energy, Inc.

      14,690          4,077,356  
       

 

 

  

 

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Company    Shares        U.S. $ Value  

Water Utilities – 2.1%

        

American Water Works Co., Inc.

      21,450        $ 3,107,676  
       

 

 

  
          7,185,032  
       

 

 

  

Consumer Staples – 1.8%

        

Household Products – 1.8%

        

Procter & Gamble Co. (The)

      19,579          2,721,285  
       

 

 

  

Materials – 1.7%

        

Chemicals – 1.7%

        

Ecolab, Inc.

      13,126          2,623,100  
       

 

 

  

Real Estate – 1.5%

        

Equity Real Estate Investment Trusts (REITs) – 1.5%

        

SBA Communications Corp.

      7,156          2,279,043  
       

 

 

  

Total Common Stocks
(cost $102,294,704)

               137,764,839  
       

 

 

  

SHORT-TERM INVESTMENTS – 10.1%

        

Investment Companies – 10.1%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.05%(b) (c) (d)
(cost $15,197,201)

      15,197,201          15,197,201  
       

 

 

  

Total Investments – 101.2%
(cost $117,491,905)(e)

           152,962,040  

Other assets less liabilities – (1.2)%

           (1,775,535 ) 
       

 

 

  

Net Assets – 100.0%

         $ 151,186,505  
       

 

 

  

 

(a)

Non-income producing security.

(b)

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.

(c)

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

(d)

Affiliated investments.

(e)

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 $35,995,167 and gross unrealized depreciation of investments was $(525,032), resulting in net unrealized appreciation of $35,470,135.

Glossary:

ADR – American Depositary Receipt

REIT – Real Estate Investment Trust

 

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AB Cap Fund, Inc.

AB FlexFee US Thematic 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^    $     137,764,839      $                 -0-      $                 -0-      $     137,764,839  
Short-Term Investments:            

Investment Companies

      15,197,201        -0-        -0-        15,197,201  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      152,962,040        -0-        -0-        152,962,040  
Other Financial Instruments*      -0-        -0-        -0-        -0-  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $ 152,962,040      $ -0-      $ -0-      $ 152,962,040  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

^

See Portfolio of Investments for sector classifications.

*

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.

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

 

Fund    Market
Value
12/31/19
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market
Value
9/30/20
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $   6,422      $   71,971      $   63,196      $   15,197      $   30  
Government Money Market Portfolio*      185        20,726        20,911        -0-        2  
Total                               $ 15,197      $ 32  

 

*

Investment of cash collateral for securities lending transactions.

 

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