NPORT-EX 2 c10299bnymellonsu-march20241.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Sustainable U.S. Equity Portfolio, Inc.

March 31, 2024 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7%

     

Banks - 4.4%

     

First Horizon Corp.

   

211,519

 

3,257,393

 

JPMorgan Chase & Co.

   

59,932

 

12,004,380

 
    

15,261,773

 

Capital Goods - 8.2%

     

Hubbell, Inc.

   

15,166

 

6,294,648

 

Ingersoll Rand, Inc.

   

95,861

 

9,102,002

 

Johnson Controls International PLC

   

96,311

 

6,291,034

 

Trane Technologies PLC

   

22,786

 

6,840,357

 
    

28,528,041

 

Commercial & Professional Services - 2.6%

     

Veralto Corp.

   

28,392

 

2,517,235

 

Waste Management, Inc.

   

30,206

 

6,438,409

 
    

8,955,644

 

Consumer Discretionary Distribution & Retail - 4.9%

     

Amazon.com, Inc.

   

95,520

a 

 17,229,898

 

Consumer Durables & Apparel - 1.2%

     

Lululemon Athletica, Inc.

   

10,964

a 

 4,283,087

 

Consumer Staples Distribution - 3.2%

     

Costco Wholesale Corp.

   

15,140

 

 11,092,018

 

Financial Services - 5.1%

     

Mastercard, Inc., Cl. A

   

19,712

 

9,492,708

 

The Goldman Sachs Group, Inc.

   

19,519

 

8,152,891

 
    

17,645,599

 

Food, Beverage & Tobacco - 3.3%

     

Darling Ingredients, Inc.

   

73,831

a 

3,433,880

 

PepsiCo, Inc.

   

45,959

 

8,043,284

 
    

11,477,164

 

Health Care Equipment & Services - 6.6%

     

Boston Scientific Corp.

   

110,883

a 

7,594,377

 

DexCom, Inc.

   

34,666

a 

4,808,174

 

Edwards Lifesciences Corp.

   

55,039

a 

5,259,527

 

UnitedHealth Group, Inc.

   

10,763

 

5,324,456

 
    

22,986,534

 

Insurance - 4.1%

     

RenaissanceRe Holdings Ltd.

   

27,371

 

6,433,006

 

The Progressive Corp.

   

38,690

 

8,001,866

 
    

14,434,872

 

Materials - 2.5%

     

CF Industries Holdings, Inc.

   

45,252

 

3,765,419

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 98.7% (continued)

     

Materials - 2.5% (continued)

     

Ecolab, Inc.

   

21,130

 

4,878,917

 
    

8,644,336

 

Media & Entertainment - 4.8%

     

Alphabet, Inc., Cl. A

   

110,540

a 

 16,683,802

 

Pharmaceuticals, Biotechnology & Life Sciences - 9.1%

     

AbbVie, Inc.

   

41,773

 

7,606,863

 

BioMarin Pharmaceutical, Inc.

   

32,923

a 

2,875,495

 

Danaher Corp.

   

29,790

 

7,439,159

 

Eli Lilly & Co.

   

12,070

 

9,389,977

 

Zoetis, Inc.

   

25,926

 

4,386,938

 
    

31,698,432

 

Semiconductors & Semiconductor Equipment - 11.3%

     

Applied Materials, Inc.

   

34,269

 

7,067,296

 

Micron Technology, Inc.

   

47,847

 

5,640,683

 

NVIDIA Corp.

   

25,306

 

22,865,489

 

Texas Instruments, Inc.

   

21,574

 

3,758,406

 
    

39,331,874

 

Software & Services - 18.0%

     

Accenture PLC, Cl. A

   

24,506

 

8,494,025

 

Akamai Technologies, Inc.

   

42,600

a 

4,633,176

 

Intuit, Inc.

   

14,402

 

9,361,300

 

Microsoft Corp.

   

68,499

 

28,818,899

 

PTC, Inc.

   

22,286

a 

4,210,717

 

Roper Technologies, Inc.

   

12,576

 

7,053,124

 
    

62,571,241

 

Technology Hardware & Equipment - 6.4%

     

Apple, Inc.

   

98,985

 

16,973,948

 

TE Connectivity Ltd.

   

37,869

 

5,500,093

 
    

22,474,041

 

Utilities - 3.0%

     

Constellation Energy Corp.

   

29,129

 

5,384,496

 

NextEra Energy, Inc.

   

81,551

 

5,211,924

 
    

10,596,420

 

Total Common Stocks (cost $199,345,307)

   

343,894,776

 
  

1-Day
Yield (%)

     

Investment Companies - 1.3%

     

Registered Investment Companies - 1.3%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $4,702,224)

 

5.42

 

4,702,224

b 

 4,702,224

 

Total Investments (cost $204,047,531)

 

100.0%

 

348,597,000

 

Liabilities, Less Cash and Receivables

 

(.0%)

 

(27,894)

 


      

Net Assets

 

100.0%

 

348,569,106

 

a Non-income producing security.

b Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF INVESTMENTS (Unaudited) (continued)

The following is a summary of the inputs used as of March 31, 2024 in valuing the fund’s investments:

       
 

Level 1-Unadjusted Quoted Prices

Level 2- Other Significant Observable Inputs

 

Level 3-Significant Unobservable Inputs

Total

 

Assets ($) 

  

Investments in Securities:

  

Equity Securities - Common Stocks

343,894,776

-

 

-

343,894,776

 

Investment Companies

4,702,224

-

 

-

4,702,224

 

 See Statement of Investments for additional detailed categorizations, if any.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted 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).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

The fund’s Board of Directors (the “Board”) has designated the Adviser as the fund’s valuation designee to make all fair value determinations with respect to the fund’s portfolio investments, subject to the Board’s oversight and pursuant to Rule 2a-5 under the Act.


Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

At March 31, 2024, accumulated net unrealized appreciation on investments was $144,549,469, consisting of $149,222,595 gross unrealized appreciation and $4,673,126 gross unrealized depreciation.


At March 31, 2024, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.