NPORT-EX 2 NPORT_64R0_3299776491.htm HTML

AB Cap Fund, Inc.

AB Concentrated Growth Fund

Portfolio of Investments

March 31, 2021 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 98.0%

 

Information Technology – 31.4%

 

Electronic Equipment, Instruments & Components – 10.3%

 

Amphenol Corp. - Class A

      855,768        $ 56,455,015  

CDW Corp./DE

      384,311          63,699,548  
       

 

 

  
              120,154,563  
       

 

 

  

IT Services – 11.9%

 

Automatic Data Processing, Inc.

      228,320          43,031,471  

Mastercard, Inc. - Class A

      272,360          96,973,778  
       

 

 

  
          140,005,249  
       

 

 

  

Software – 9.2%

 

Microsoft Corp.

      458,900          108,194,853  
       

 

 

  
          368,354,665  
       

 

 

  

Health Care – 20.4%

 

Health Care Equipment & Supplies – 7.4%

 

Abbott Laboratories

      720,814          86,382,350  
       

 

 

  

Life Sciences Tools & Services – 8.1%

 

IQVIA Holdings, Inc.(a)

      495,777          95,754,370  
       

 

 

  

Pharmaceuticals – 4.9%

 

Zoetis, Inc.

      364,394          57,384,767  
       

 

 

  
          239,521,487  
       

 

 

  

Consumer Discretionary – 15.0%

 

Auto Components – 4.5%

 

Aptiv PLC(a)

      381,984          52,675,593  
       

 

 

  

Specialty Retail – 4.8%

 

TJX Cos., Inc. (The)

      843,834          55,819,619  
       

 

 

  

Textiles, Apparel & Luxury Goods – 5.7%

 

NIKE, Inc. - Class B

      507,247          67,408,054  
       

 

 

  
          175,903,266  
       

 

 

  

Industrials – 9.8%

 

Building Products – 0.9%

 

Allegion PLC

      87,880          11,039,486  
       

 

 

  

Commercial Services & Supplies – 4.2%

 

Stericycle, Inc.(a)

      728,908          49,208,579  
       

 

 

  

Professional Services – 4.7%

 

Verisk Analytics, Inc. - Class A

      314,613          55,588,971  
       

 

 

  
          115,837,036  
       

 

 

  

Communication Services – 8.6%

 

Interactive Media & Services – 8.6%

 

Alphabet, Inc. - Class C(a)

      20,070          41,517,404  

Facebook, Inc. - Class A(a)

      201,046          59,214,078  
       

 

 

  
          100,731,482  
       

 

 

  

 

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Company    Shares        U.S. $ Value  

Financials – 4.8%

 

Capital Markets – 4.8%

 

Charles Schwab Corp. (The)

      865,926        $ 56,441,057  
       

 

 

  

Materials – 4.5%

 

Chemicals – 4.5%

 

International Flavors & Fragrances, Inc.

      375,704          52,452,035  
       

 

 

  

Real Estate – 3.5%

 

Equity Real Estate Investment Trusts (REITs) – 3.5%

 

American Tower Corp.

      171,940          41,103,976  
       

 

 

  

Total Common Stocks
(cost $777,655,816)

 

            1,150,345,004  
       

 

 

  

SHORT-TERM INVESTMENTS – 2.0%

 

Investment Companies – 2.0%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(b) (c) (d)
(cost $22,915,349)

      22,915,349          22,915,349  
       

 

 

  

Total Investments – 100.0%
(cost $800,571,165)(e)

 

        1,173,260,353  
       

Other assets less liabilities – 0.0%

           563,501  
       

 

 

  

Net Assets – 100.0%

         $ 1,173,823,854  
       

 

 

  

 

(a)

Non-income producing security.

(b)

Affiliated investments.

(c)

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

(d)

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.

(e)

As of March 31, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $372,689,188 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $372,689,188.

 

 

Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market.

Glossary:

REIT – Real Estate Investment Trust

 

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AB Cap Fund, Inc.

AB Concentrated Growth Fund

March 31, 2021 (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 Portfolio’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, by pricing vendors, 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 March 31, 2021:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks(a)    $ 1,150,345,004      $                 —      $                 —      $ 1,150,345,004  
Short-Term Investments      22,915,349        —        —        22,915,349  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      1,173,260,353        —        —        1,173,260,353  
Other Financial Instruments(b)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     1,173,260,353      $ —      $ —      $     1,173,260,353  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) 

See Portfolio of Investments for sector classifications.

 

(b) 

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.

 

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A summary of the Fund’s transactions in AB mutual funds for the nine months ended March 31, 2021 is as follows:

 

Fund    Market Value
06/30/2020
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
03/31/2021
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $     5,875      $     254,927      $     237,887      $     22,915      $     3  

 

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