NPORT-EX 2 NPORT_3106_BBH_43249918_0921.htm HTML

AB Cap Fund, Inc.

AB Select US Equity Portfolio

Portfolio of Investments

September 30, 2021 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 98.0%

 

Information Technology – 23.3%

 

Communications Equipment – 0.6%

 

F5 Networks, Inc.(a)

                      6,439        $ 1,279,944  
          

 

 

  

IT Services – 3.0%

 

PayPal Holdings, Inc.(a)

         6,626          1,724,151  

Visa, Inc. - Class A

         21,557          4,801,822  
          

 

 

  
                     6,525,973  
          

 

 

  

Semiconductors & Semiconductor Equipment – 6.1%

 

Advanced Micro Devices, Inc.(a)

         28,674          2,950,555  

Broadcom, Inc.

         4,690          2,274,322  

Intel Corp.

         22,011          1,172,746  

NVIDIA Corp.

         8,946          1,853,253  

NXP Semiconductors NV

         12,287          2,406,655  

QUALCOMM, Inc.

         17,750          2,289,395  
          

 

 

  
             12,946,926  
          

 

 

  

Software – 8.0%

 

Adobe, Inc.(a)

         2,135          1,229,162  

Clearwater Analytics Holdings, Inc.(a) (b)

         2,568          65,766  

Microsoft Corp.

         42,680          12,032,346  

Oracle Corp.

         23,966          2,088,158  

salesforce.com, Inc.(a)

         5,919          1,605,351  
          

 

 

  
             17,020,783  
          

 

 

  

Technology Hardware, Storage & Peripherals – 5.6%

 

Apple, Inc.

         85,208          12,056,932  
          

 

 

  
             49,830,558  
          

 

 

  

Financials – 16.9%

 

Banks – 7.4%

 

Fifth Third Bancorp

         102,033          4,330,280  

JPMorgan Chase & Co.

         27,807          4,551,728  

PNC Financial Services Group, Inc. (The)

         20,961          4,100,810  

Wells Fargo & Co.

         58,391          2,709,926  
          

 

 

  
             15,692,744  
          

 

 

  

Capital Markets – 5.2%

 

Apollo Global Management, Inc.

         4,059          249,994  

Charles Schwab Corp. (The)

         34,249          2,494,697  

Goldman Sachs Group, Inc. (The)

         19,067          7,207,898  

Jefferies Financial Group, Inc.

         33,077          1,228,149  
          

 

 

  
             11,180,738  
          

 

 

  

Diversified Financial Services – 4.3%

 

Berkshire Hathaway, Inc. - Class B(a)

         33,720          9,203,537  
          

 

 

  
             36,077,019  
          

 

 

  

Industrials – 11.8%

 

Aerospace & Defense – 2.0%

 

Raytheon Technologies Corp.

         50,084          4,305,221  
          

 

 

  

 

1

Company    Shares        U.S. $ Value  

Commercial Services & Supplies – 0.7%

 

Republic Services, Inc. - Class A

         12,174        $ 1,461,611  
          

 

 

  

Industrial Conglomerates – 3.0%

 

Honeywell International, Inc.

                      30,425          6,458,619  
          

 

 

  

Professional Services – 1.1%

 

Jacobs Engineering Group, Inc.

         17,842          2,364,600  
          

 

 

  

Road & Rail – 5.0%

 

Norfolk Southern Corp.

         26,060          6,234,855  

Union Pacific Corp.

         21,833          4,279,486  
          

 

 

  
             10,514,341  
          

 

 

  
                   25,104,392  
          

 

 

  

Health Care – 11.6%

 

Health Care Equipment & Supplies – 2.4%

 

Abbott Laboratories

         25,508          3,013,260  

Danaher Corp.

         6,723          2,046,750  
          

 

 

  
             5,060,010  
          

 

 

  

Health Care Providers & Services – 3.4%

 

Humana, Inc.

         3,205          1,247,226  

Quest Diagnostics, Inc.

         7,462          1,084,303  

UnitedHealth Group, Inc.

         12,715          4,968,259  
          

 

 

  
             7,299,788  
          

 

 

  

Life Sciences Tools & Services – 1.9%

 

IQVIA Holdings, Inc.(a)

         11,024          2,640,689  

Thermo Fisher Scientific, Inc.

         2,401          1,371,763  
          

 

 

  
             4,012,452  
          

 

 

  

Pharmaceuticals – 3.9%

 

Eli Lilly & Co.

         7,778          1,797,107  

Johnson & Johnson

         27,086          4,374,389  

Pfizer, Inc.

         49,877          2,145,210  
          

 

 

  
             8,316,706  
          

 

 

  
             24,688,956  
          

 

 

  

Communication Services – 11.2%

 

Diversified Telecommunication Services – 2.0%

 

Comcast Corp. - Class A

         77,537          4,336,645  
          

 

 

  

Entertainment – 2.4%

 

Activision Blizzard, Inc.

         13,345          1,032,769  

Netflix, Inc.(a)

         2,952          1,801,724  

Walt Disney Co. (The)(a)

         12,989          2,197,349  
          

 

 

  
             5,031,842  
          

 

 

  

Interactive Media & Services – 6.8%

 

Alphabet, Inc. - Class A(a)

         3,182          8,507,141  

Facebook, Inc. - Class A(a)

         17,744          6,022,136  
          

 

 

  
             14,529,277  
          

 

 

  
             23,897,764  
          

 

 

  

 

2

Company    Shares        U.S. $ Value  

Consumer Discretionary – 9.5%

 

Hotels, Restaurants & Leisure – 1.7%

 

Booking Holdings, Inc.(a)

         478        $ 1,134,710  

McDonald’s Corp.

                      10,701          2,580,118  
          

 

 

  
             3,714,828  
          

 

 

  

Internet & Direct Marketing Retail – 3.2%

 

Amazon.com, Inc.(a)

         2,076          6,819,743  
          

 

 

  

Multiline Retail – 0.7%

 

Target Corp.

         6,612          1,512,627  
          

 

 

  

Specialty Retail – 3.9%

 

Home Depot, Inc. (The)

         11,441          3,755,623  

Lowe’s Cos., Inc.

         13,280          2,693,981  

Ross Stores, Inc.

         16,352          1,779,915  
          

 

 

  
             8,229,519  
          

 

 

  
                   20,276,717  
          

 

 

  

Consumer Staples – 7.4%

 

Beverages – 1.8%

 

PepsiCo, Inc.

         25,647          3,857,565  
          

 

 

  

Food & Staples Retailing – 2.4%

 

Costco Wholesale Corp.

         2,010          903,193  

Walmart, Inc.

         29,431          4,102,093  
          

 

 

  
             5,005,286  
          

 

 

  

Household Products – 2.6%

 

Procter & Gamble Co. (The)

         40,112          5,607,658  
          

 

 

  

Personal Products – 0.6%

 

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

         3,222          966,374  

Honest Co., Inc. (The)(a) (c)

         8,465          87,867  

Olaplex Holdings, Inc.

         10,564          258,818  
          

 

 

  
             1,313,059  
          

 

 

  
             15,783,568  
          

 

 

  

Energy – 5.1%

 

Energy Equipment & Services – 0.5%

 

Schlumberger NV

         33,211          984,374  
          

 

 

  

Oil, Gas & Consumable Fuels – 4.6%

 

Chevron Corp.

         21,782          2,209,784  

EOG Resources, Inc.

         36,327          2,915,968  

Exxon Mobil Corp.

         42,856          2,520,790  

Pioneer Natural Resources Co.

         13,027          2,169,126  
          

 

 

  
             9,815,668  
          

 

 

  
             10,800,042  
          

 

 

  

Utilities – 0.8%

 

Electric Utilities – 0.8%

 

NextEra Energy, Inc.

         21,579          1,694,384  
          

 

 

  

 

3

Company    Shares        U.S. $ Value  

Real Estate – 0.4%

 

Equity Real Estate Investment Trusts (REITs) – 0.4%

 

SBA Communications Corp.

 

      2,756        $ 911,050  
          

 

 

  

Total Common Stocks
(cost $138,881,789)

 

            209,064,450  
          

 

 

  

SHORT-TERM INVESTMENTS – 2.2%

 

Investment Companies – 2.1%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(d) (e) (f)
(cost $4,527,490)

 

      4,527,490          4,527,490  
          

 

 

  
     Principal
Amount
(000)		           

Time Deposits – 0.1%

           

BBH, Grand Cayman
0.00%, 10/01/2021

      CAD        5          4,113  

Citibank, London
(0.79)%, 10/01/2021

      EUR        35          40,766  

0.00%, 10/01/2021

      GBP        41          55,483  

Hong Kong & Shanghai Bank, Hong Kong
0.00%, 10/04/2021

      HKD        153          19,632  

Sumitomo, Tokyo
(0.41)%, 10/01/2021

      JPY        1,523          13,686  
          

 

 

  

Total Time Deposits
(cost $133,680)

 

        133,680  
          

 

 

  

Total Short-Term Investments
(cost $4,661,170)

 

        4,661,170  
          

 

 

  

Total Investments Before Security Lending Collateral for Securities Loaned – 100.2%
(cost $143,542,959)

 

            213,725,620  
          

 

 

  
     Shares           

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

Investment Companies – 0.0%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(d) (e) (f)
(cost $66,875)

 

      66,875          66,875  
          

 

 

  

Total Investments – 100.2%
(cost $143,609,834)(g)

 

        213,792,495  

Other assets less liabilities – (0.2)%

 

        (388,320 ) 
          

 

 

  

Net Assets – 100.0%

 

      $ 213,404,175  
          

 

 

  

 

(a)

Non-income producing security.

(b)

Represents entire or partial securities out on loan.

(c)

Restricted and illiquid security.

 

4

Restricted & Illiquid
Securities		    Acquisition
Date		    Cost    Market
Value		    Percentage
of
Net Assets
Honest Co., Inc. (The)        08/12/2015 – 09/24/2021      $     183,249      $     87,867            0.04 %

 

(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)

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

(f)

Affiliated investments.

(g)

As of September 30, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $71,181,326 and gross unrealized depreciation of investments was $(998,665), resulting in net unrealized appreciation of $70,182,661.

 

 

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.

Currency Abbreviations:

CAD – Canadian Dollar

EUR – Euro

GBP – Great British Pound

HKD – Hong Kong Dollar

JPY – Japanese Yen

Glossary:

REIT – Real Estate Investment Trust

 

5

AB Cap Fund, Inc.

AB Select US Equity Portfolio

September 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, 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, 2021:

 

Investments in Securities

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

Information Technology

    $     49,830,558      $                 -0-      $                 -0-      $     49,830,558  

Financials

      36,077,019        -0-        -0-        36,077,019  

Industrials

      25,104,392        -0-        -0-        25,104,392  

Health Care

      24,688,956        -0-        -0-        24,688,956  

Communication Services

      23,897,764        -0-        -0-        23,897,764  

Consumer Discretionary

      20,276,717        -0-        -0-        20,276,717  

Consumer Staples

      15,783,568        -0-        -0-        15,783,568  

Energy

      10,800,042        -0-        -0-        10,800,042  

Utilities

      1,694,384        -0-        -0-        1,694,384  

Real Estate

      911,050        -0-        -0-        911,050  
Short-Term Investments:            

Investment Companies

      4,527,490        -0-        -0-        4,527,490  

Time Deposits

      -0-        133,680        -0-        133,680  
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund      66,875        -0-        -0-        66,875  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total Investments in Securities      213,658,815        133,680        -0-        213,792,495  
Other Financial Instruments*      -0-        -0-        -0-        -0-  
  

 

 

     

 

 

     

 

 

     

 

 

  
Total    $     213,658,815      $     133,680      $     -0-      $     213,792,495  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

*

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.

 

6

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

 

     Market Value      Purchases      Sales      Market Value      Dividend  
     6/30/21      at Cost      Proceeds      9/30/21      Income  
Fund    (000)      (000)      (000)      (000)      (000)  
Government Money Market Portfolio    $     4,606      $     6,768      $     6,847      $     4,527      $     0 * 
Government Money Market Portfolio**      -0-        1,523        1,456        67        0 * 
Total                               $ 4,594      $ 0 * 

 

*

Amount is less than $500.

**

Investment of cash collateral for securities lending transactions.

 

7