NPORT-EX 2 NPORT_6406_8931549883.htm HTML

AB Cap Fund, Inc.

AB Small Cap Growth Portfolio

Portfolio of Investments

April 30, 2021 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 96.7%

 

Health Care – 25.8%

 

Biotechnology – 14.2%

 

ADC Therapeutics SA(a) (b)

      902,065        $ 22,136,675  

Allakos, Inc.(a) (b)

      286,712          31,286,013  

Allogene Therapeutics, Inc.(a) (b)

      866,745          26,799,755  

Annexon, Inc.(a) (b)

      881,289          17,564,090  

Arena Pharmaceuticals, Inc.(b)

      130,894          8,983,255  

Ascendis Pharma A/S (Sponsored ADR)(b)

      159,370          23,103,869  

Beyondspring, Inc.(a) (b)

      1,751,237          18,895,847  

Biohaven Pharmaceutical Holding Co., Ltd.(b)

      478,696          35,950,070  

Bioxcel Therapeutics, Inc.(a) (b)

      529,444          17,985,213  

Blueprint Medicines Corp.(a) (b)

      444,360          42,800,755  

Coherus Biosciences, Inc.(a) (b)

      1,391,562          20,595,118  

Deciphera Pharmaceuticals, Inc.(b)

      419,211          19,438,814  

Insmed, Inc.(a) (b)

      1,012,355          34,146,734  

Instil Bio, Inc.(b)

      560,118          11,499,223  

Intellia Therapeutics, Inc.(a) (b)

      515,380          39,565,723  

Iovance Biotherapeutics, Inc.(a) (b)

      725,518          22,810,286  

iTeos Therapeutics, Inc.(b)

      756,900          17,794,719  

Legend Biotech Corp. ADR(a) (b)

      719,475          21,656,197  

Praxis Precision Medicines, Inc.(a) (b)

      642,880          19,710,701  

PTC Therapeutics, Inc.(a) (b)

      268,340          11,058,291  

Recursion Pharmaceuticals, Inc. - Class A(a) (b)

      772,659          25,806,811  

Relay Therapeutics, Inc.(a) (b)

      624,610          19,806,383  

Sage Therapeutics, Inc.(b)

      201,710          15,886,680  

Turning Point Therapeutics, Inc. - Class I(b)

      373,911          28,503,235  

Twist Bioscience Corp.(a) (b)

      484,020          64,950,644  

Ultragenyx Pharmaceutical, Inc.(b)

      388,949          43,422,266  

Vir Biotechnology, Inc.(a) (b)

      633,847          30,259,856  

Y-mAbs Therapeutics, Inc.(a) (b)

      733,463          22,055,232  

Zentalis Pharmaceuticals, Inc.(a) (b)

      535,128          31,743,793  
       

 

 

  
          746,216,248  
       

 

 

  

Health Care Equipment & Supplies – 5.5%

        

AtriCure, Inc.(b)

      799,202          61,594,498  

Eargo, Inc.(a) (b)

      813,247          46,550,258  

Outset Medical, Inc.(a) (b)

      726,142          43,510,429  

Selectquote, Inc.(a) (b)

      1,968,065          61,265,864  

Silk Road Medical, Inc.(a) (b)

      713,259          43,608,655  

Treace Medical Concepts, Inc.(b)

      1,032,587          32,381,928  
       

 

 

  
              288,911,632  
       

 

 

  

Health Care Providers & Services – 2.7%

        

Allovir, Inc.(a) (b)

      750,245          17,728,289  

Certara, Inc.(a) (b)

      1,344,378          42,764,664  

LHC Group, Inc.(a) (b)

      396,185          82,513,450  
       

 

 

  
          143,006,403  
       

 

 

  

 

1

Company    Shares        U.S. $ Value  

Health Care Technology – 1.4%

 

American Well Corp. - Class A(a) (b)

      210,531        $ 3,240,072  

Health Catalyst, Inc.(a) (b)

      1,172,994          67,916,353  
       

 

 

  
          71,156,425  
       

 

 

  

Life Sciences Tools & Services – 1.1%

        

ICON PLC(a) (b)

      24,324          5,277,092  

Repligen Corp.(b)

      256,510          54,305,732  
       

 

 

  
          59,582,824  
       

 

 

  

Pharmaceuticals – 0.9%

        

Instil Bio, Inc.(b)

      669,116          13,736,951  

Revance Therapeutics, Inc.(a) (b)

      1,052,980          30,662,778  
       

 

 

  
          44,399,729  
       

 

 

  
              1,353,273,261  
       

 

 

  

Information Technology – 25.1%

        

Electronic Equipment, Instruments & Components – 5.4%

        

Allegro MicroSystems, Inc.(b)

      2,202,611          54,360,439  

II-VI, Inc.(a) (b)

      880,190          59,095,957  

Littelfuse, Inc.

      241,340          64,013,022  

Novanta, Inc.(a) (b)

      502,420          66,173,738  

Shoals Technologies Group, Inc.(b)

      1,295,415          41,543,959  
       

 

 

  
          285,187,115  
       

 

 

  

IT Services – 2.4%

        

BigCommerce Holdings, Inc.(a) (b)

      366,519          21,969,149  

Digitalocean Holdings, Inc.(a) (b)

      739,553          32,222,324  

Shift4 Payments, Inc. - Class A(a) (b)

      755,366          74,698,144  
       

 

 

  
          128,889,617  
       

 

 

  

Semiconductors & Semiconductor Equipment – 8.3%

        

Ambarella, Inc.(b)

      403,140          39,302,119  

Lattice Semiconductor Corp.(a) (b)

      1,601,219          80,557,328  

MACOM Technology Solutions Holdings, Inc.(a) (b)

      1,145,850          64,866,568  

MKS Instruments, Inc.

      318,500          57,046,535  

Semtech Corp.(b)

      1,032,240          69,923,937  

Silicon Laboratories, Inc.(b)

      400,882          56,504,318  

Synaptics, Inc.(a) (b)

      488,890          68,381,044  
       

 

 

  
          436,581,849  
       

 

 

  

Software – 8.5%

        

8x8, Inc.(b)

      1,693,320          55,693,295  

Anaplan, Inc.(b)

      457,690          27,301,208  

Blackline, Inc.(a) (b)

      399,930          46,415,876  

Duck Creek Technologies, Inc.(a) (b)

      899,815          37,414,308  

Everbridge, Inc.(a) (b)

      339,110          45,003,288  

Manhattan Associates, Inc.(b)

      500,090          68,632,351  

Rapid7, Inc.(a) (b)

      619,580          50,340,875  

Smartsheet, Inc. - Class A(a) (b)

      813,152          48,219,914  

Varonis Systems, Inc.(b)

      1,227,625          65,002,744  
       

 

 

  
          444,023,859  
       

 

 

  

 

2

Company    Shares        U.S. $ Value  

Technology Hardware, Storage & Peripherals – 0.5%

 

ACV Auctions, Inc.(b)

      729,304        $ 24,789,043  
       

 

 

  
              1,319,471,483  
       

 

 

  

Consumer Discretionary – 16.2%

        

Auto Components – 1.4%

        

Fox Factory Holding Corp.(a) (b)

      489,423          74,994,286  
       

 

 

  

Hotels, Restaurants & Leisure – 4.6%

        

Hilton Grand Vacations, Inc.(b)

      739,240          32,940,535  

Planet Fitness, Inc.(b)

      543,743          45,668,975  

Rush Street Interactive, Inc.(b)

      585,462          7,839,336  

Texas Roadhouse, Inc. - Class A

      877,250          93,883,295  

Wingstop, Inc.

      367,564          58,225,813  
       

 

 

  
          238,557,954  
       

 

 

  

Household Durables – 3.3%

        

Installed Building Products, Inc.(a)

      493,429          66,440,215  

Lovesac Co. (The)(a) (b)

      736,028          53,928,771  

Skyline Champion Corp.(a) (b)

      1,140,130          50,655,976  
       

 

 

  
          171,024,962  
       

 

 

  

Internet & Direct Marketing Retail – 0.9%

        

RealReal, Inc. (The)(a) (b)

      1,972,075          48,848,298  
       

 

 

  

Multiline Retail – 1.1%

        

Driven Brands Holdings, Inc.(b)

      2,092,961          59,691,248  
       

 

 

  

Specialty Retail – 4.9%

        

Five Below, Inc.(b)

      258,062          51,940,139  

Floor & Decor Holdings, Inc. - Class A(b)

      611,360          67,812,051  

Lithia Motors, Inc. - Class A(a)

      201,309          77,379,153  

Sleep Number Corp.(b)

      555,566          62,162,280  
       

 

 

  
          259,293,623  
       

 

 

  
                852,410,371  
       

 

 

  

Industrials – 15.9%

        

Aerospace & Defense – 0.9%

        

Axon Enterprise, Inc.(b)

      308,799          46,817,016  
       

 

 

  

Building Products – 2.7%

        

AZEK Co., Inc. (The)(b)

      1,310,170          63,255,007  

Simpson Manufacturing Co., Inc.

      677,284          76,329,907  
       

 

 

  
          139,584,914  
       

 

 

  

Commercial Services & Supplies – 1.4%

        

Tetra Tech, Inc.

      577,498          73,706,070  
       

 

 

  

Construction & Engineering – 0.9%

        

Hayward Holdings, Inc.(a) (b)

      2,314,628          46,246,268  
       

 

 

  

 

3

Company    Shares        U.S. $ Value  

Electrical Equipment – 0.5%

 

Plug Power, Inc.(a) (b)

      909,899        $ 25,941,221  
       

 

 

  

Machinery – 6.2%

        

Chart Industries, Inc.(a) (b)

      379,093          60,893,708  

Hydrofarm Holdings Group, Inc.(a) (b)

      800,841          52,615,254  

ITT, Inc.(a)

      701,800          66,186,758  

John Bean Technologies Corp.(a)

      538,600          78,301,668  

Middleby Corp. (The)(b)

      388,580          70,457,326  
       

 

 

  
              328,454,714  
       

 

 

  

Road & Rail – 1.6%

        

Saia, Inc.(a) (b)

      363,266          85,185,877  
       

 

 

  

Trading Companies & Distributors – 1.7%

        

SiteOne Landscape Supply, Inc.(a) (b)

      496,735          89,104,324  
       

 

 

  
              835,040,404  
       

 

 

  

Financials – 7.7%

        

Banks – 2.3%

        

First Financial Bankshares, Inc.(a)

      1,555,980          76,367,498  

Live Oak Bancshares, Inc.(a)

      671,910          42,975,364  
       

 

 

  
          119,342,862  
       

 

 

  

Capital Markets – 2.3%

        

Houlihan Lokey, Inc.

      751,257          49,785,801  

Stifel Financial Corp.

      1,018,725          70,485,583  
       

 

 

  
          120,271,384  
       

 

 

  

Consumer Finance – 0.3%

        

Fisker, Inc.(a) (b)

      1,143,010          14,996,291  
       

 

 

  

Insurance – 2.8%

        

Inari Medical, Inc.(a) (b)

      642,204          73,397,495  

Trean Insurance Group, Inc.(b)

      1,030,295          18,019,860  

Trupanion, Inc.(b)

      706,055          57,261,061  
       

 

 

  
          148,678,416  
       

 

 

  
          403,288,953  
       

 

 

  

Consumer Staples – 2.3%

        

Food & Staples Retailing – 0.1%

        

Chefs’ Warehouse, Inc. (The)(b)

      268,342          8,648,663  
       

 

 

  

Food Products – 2.2%

        

Freshpet, Inc.(a) (b)

      470,488          86,955,592  

Vital Farms, Inc.(a) (b)

      1,150,548          27,981,327  
       

 

 

  
          114,936,919  
       

 

 

  
          123,585,582  
       

 

 

  

Materials – 2.0%

        

Chemicals – 1.2%

        

Element Solutions, Inc.(a)

      2,859,170          62,558,639  
       

 

 

  

 

4

Company    Shares        U.S. $ Value  

Containers & Packaging – 0.8%

 

Ranpak Holdings Corp.(b)

      2,179,847        $ 41,918,458  
       

 

 

  
          104,477,097  
       

 

 

  

Real Estate – 1.1%

        

Equity Real Estate Investment Trusts (REITs) – 1.1%

        

QTS Realty Trust, Inc. - Class A(a)

      838,416          55,746,280  
       

 

 

  

Energy – 0.6%

        

Oil, Gas & Consumable Fuels – 0.6%

        

Matador Resources Co.(a)

      1,161,610          30,561,959  
       

 

 

  

Total Common Stocks
(cost $3,600,827,222)

           5,077,855,390  
       

 

 

  

INVESTMENT COMPANIES – 1.1%

        

Funds and Investment Trusts – 1.1%

        

iShares Russell 2000 Growth ETF(a) (c)
(cost $33,922,137)

      183,530          56,272,133  
       

 

 

  

PREFERRED STOCKS – 0.0%

        

Consumer Discretionary – 0.0%

        

Household Durables – 0.0%

        

Honest Co., Inc. (The) - Series D 0.00% (b) (d) (e)

      59,278          918,809  

Honest Co., Inc. (The) - Series E 0.00% (b) (d) (e)

      14,920          231,260  
       

 

 

  

Total Preferred Stocks
(cost $1,502,384)

           1,150,069  
       

 

 

  

SHORT-TERM INVESTMENTS – 2.4%

        

Investment Companies – 2.4%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(c) (f) (g)
(cost $124,258,472)

      124,258,472          124,258,472  
       

 

 

  

Total Investments Before Security Lending Collateral for Securities Loaned – 100.2%
(cost $3,760,510,215)

 

        5,259,536,064  
       

 

 

  

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 3.5%

        

Investment Companies – 3.5%

        

AB Fixed Income Shares, Inc. - Government Money Market Portfolio Class AB, 0.01%(c) (f) (g)
(cost $184,463,968)

      184,463,968          184,463,968  
       

 

 

  

Total Investments – 103.7%
(cost $3,944,974,183)(h)

 

        5,444,000,032  

Other assets less liabilities – (3.7)%

           (193,928,259 ) 
       

 

 

  

Net Assets – 100.0%

         $     5,250,071,773  
       

 

 

  

 

(a)

Represents entire or partial securities out on loan.

(b)

Non-income producing security.

 

5

(c)

To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(d)

Fair valued by the Adviser.

(e)

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

(f)

Affiliated investments.

(g)

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

(h)

As of April 30, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $1,548,688,120 and gross unrealized depreciation of investments was $(49,662,271), resulting in net unrealized appreciation of $1,499,025,849.

 

  

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:

ADR – American Depositary Receipt

ETF – Exchange Traded Fund

REIT – Real Estate Investment Trust

 

6

AB Cap Fund, Inc.

AB Small Cap Growth Portfolio

April 30, 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 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, 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 April 30, 2021:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks(a)    $ 5,077,855,390      $                 —      $                 —      $ 5,077,855,390  
Investment Companies      56,272,133        —        —        56,272,133  
Preferred Stocks      —        —        1,150,069        1,150,069  
Short-Term Investments      124,258,472        —        —        124,258,472  
Investments of Cash Collateral for            
Securities Loaned in Affiliated Money            
Market Fund      184,463,968        —        —        184,463,968  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      5,442,849,963        —        1,150,069        5,444,000,032  
Other Financial Instruments(b)      —        —        —        —  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     5,442,849,963      $ —      $ 1,150,069      $     5,444,000,032  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) 

See Portfolio of Investments for sector classifications.

 

7

(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.

A summary of the Fund’s transactions in AB mutual funds for the nine months ended April 30, 2021 is as follows:

 

Fund    Market Value
07/31/2020
(000)		     

Purchases
at Cost

(000)

      Sales
Proceeds
(000)		      Market Value
04/30/2021
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $     26,273      $     1,063,035      $     965,050      $ 124,258      $ 17  
Government Money Market Portfolio*      107,788        371,283        294,607        184,464        4  
Total    $ 134,061      $ 1,434,318      $ 1,259,657      $     308,722      $     21  

 

*

Investments of cash collateral for securities lending transactions

 

8