AB Large Cap Growth Fund Advisor Class NPORTP Ab Large Cap Growth Fund Inc (Oct 2021 report)

AB Large Cap Growth Fund, Inc.

Portfolio of Investments

October 31, 2021 (unaudited)


Company	Shares		U.S. $ Value

COMMON STOCKS – 94.3%
Information Technology – 34.5%
Communications Equipment – 1.6%
Arista Networks, Inc.^(a)		598,337	$	245,132,685
Motorola Solutions, Inc.		302,067		75,090,836

				320,223,521


Electronic Equipment, Instruments & Components – 1.8%
Amphenol Corp. – Class A		1,917,479		147,204,863
Cognex Corp.		1,032,020		90,394,632
IPG Photonics Corp.^(a)		811,938		129,106,261

				366,705,756


IT Services – 8.1%
EPAM Systems, Inc.^(a)		332,566		223,896,734
PayPal Holdings, Inc.^(a)		1,968,925		457,952,266
Visa, Inc. – Class A^(b)		4,311,132		912,968,423

				1,594,817,423


Semiconductors & Semiconductor Equipment – 8.9%
ASML Holding NV ADR^(b)		276,320		224,615,002
NVIDIA Corp.		1,902,762		486,479,161
QUALCOMM, Inc.		4,536,046		603,475,560
Texas Instruments, Inc.		362,561		67,972,936
Xilinx, Inc.		2,043,135		367,764,300

				1,750,306,959


Software – 14.1%
Adobe, Inc.^(a)		928,923		604,134,362
Fortinet, Inc.^(a)		809,564		272,288,756
Microsoft Corp.		5,255,190		1,742,726,108
PTC, Inc.^(a)		587,326		74,795,966
Tyler Technologies, Inc.^(a)		175,174		95,158,020

				2,789,103,212

				6,821,156,871


Health Care – 19.3%
Biotechnology – 2.3%
Vertex Pharmaceuticals, Inc.^(a)		2,396,984		443,274,251


Health Care Equipment & Supplies – 8.0%
ABIOMED, Inc.^(a)		252,997		84,005,124
Align Technology, Inc.^(a)		520,177		324,782,913
Edwards Lifesciences Corp.^(a)		3,075,628		368,521,747
IDEXX Laboratories, Inc.^(a)		367,250		244,639,915
Intuitive Surgical, Inc.^(a)		1,535,262		554,429,166

				1,576,378,865


Health Care Providers & Services – 3.8%
UnitedHealth Group, Inc.		1,637,529		754,032,979


Company	Shares		U.S. $ Value

Health Care Technology – 0.7%
Veeva Systems, Inc. — Class A^(a)		438,971	$	139,158,197


Life Sciences Tools & Services – 0.9%
Illumina, Inc.^(a)		259,233		107,597,249
Mettler-Toledo International, Inc.^(a)		47,008		69,613,207

				177,210,456


Pharmaceuticals – 3.6%
Zoetis, Inc.		3,322,495		718,323,419

				3,808,378,167


Communication Services – 14.9%
Entertainment – 1.4%
Electronic Arts, Inc.		882,064		123,709,476
Take-Two Interactive Software, Inc.^(a)		843,806		152,728,886

				276,438,362


Interactive Media & Services – 13.5%
Alphabet, Inc. – Class C^(a)		572,759		1,698,465,266
Meta Platforms, Inc. – Class A^(a)		2,959,997		957,766,229

				2,656,231,495

				2,932,669,857


Consumer Discretionary – 14.4%
Diversified Consumer Services – 0.7%
Chegg, Inc.^(a)		2,318,370		137,803,913


Hotels, Restaurants & Leisure – 0.7%
Domino’s Pizza, Inc.		294,613		144,056,919


Internet & Direct Marketing Retail – 6.1%
Amazon.com, Inc.^(a)		300,304		1,012,754,218
Etsy, Inc.^{(a) (b)}		765,633		191,936,537

				1,204,690,755


Specialty Retail – 4.0%
Burlington Stores, Inc.^(a)		599,502		165,636,408
Home Depot, Inc. (The)		1,696,080		630,500,779

				796,137,187


Textiles, Apparel & Luxury Goods – 2.9%
NIKE, Inc. – Class B		3,405,432		569,694,719

				2,852,383,493


Industrials – 5.2%
Building Products – 1.0%
Allegion PLC		835,582		107,205,171
Trex Co., Inc.^(a)		865,246		92,062,174

				199,267,345


Commercial Services & Supplies – 1.5%
Copart, Inc.^(a)		1,939,327		301,158,090


Company	Shares		U.S. $ Value

Electrical Equipment – 0.5%
AMETEK, Inc.		766,685	$	101,509,094


Industrial Conglomerates – 1.7%
Roper Technologies, Inc.		674,249		328,945,859


Machinery – 0.5%
IDEX Corp.		453,116		100,850,028

				1,031,730,416


Consumer Staples – 4.9%
Beverages – 2.0%
Monster Beverage Corp.^(a)		4,596,719		390,721,115


Food & Staples Retailing – 2.9%
Costco Wholesale Corp.		1,185,240		582,592,870

				973,313,985


Materials – 0.9%
Chemicals – 0.9%
Sherwin-Williams Co. (The)		536,411		169,833,087


Financials – 0.2%
Capital Markets – 0.2%
MarketAxess Holdings, Inc.		99,793		40,782,405


Total Common Stocks (cost $9,708,929,449)				18,630,248,281


SHORT-TERM INVESTMENTS – 5.7%
Investment Companies – 5.7%
AB Fixed Income Shares, Inc. – Government Money Market Portfolio – Class AB, 0.01%^{(c) (d) (e)} (cost $1,117,956,075)		1,117,956,075		1,117,956,075


Total Investments – 100.0% (cost $10,826,885,524)^(f)				19,748,204,356
Other assets less liabilities – 0.0%				6,255,584


Net Assets – 100.0%			$	19,754,459,940

(a)

Non-income producing security.

(b)

Represents entire or partial securities out on loan.

(c)

Affiliated investments.

(d)

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

(e)

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.

(f)

As of October 31, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $9,032,855,165 and gross unrealized depreciation of investments was $(111,536,333), resulting in net unrealized appreciation of $8,921,318,832.

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

AB Large Cap Growth Fund, Inc.

October 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 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 October 31, 2021:


Investments in Securities:	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks^(a)	$	18,630,248,281	$	—	$	—	$	18,630,248,281
Short-Term Investments		1,117,956,075		—		—		1,117,956,075

Total Investments in Securities		19,748,204,356		—		—		19,748,204,356
Other Financial Instruments^(b)		—		—		—		—

Total	$	19,748,204,356	$	—	$	—	$	19,748,204,356

^(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.

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


Fund	Market Value 07/31/2021 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 10/31/2021 (000)		Dividend Income (000)
Government Money Market Portfolio	$	1,032,212	$	747,697	$	661,953	$	1,117,956	$	27

AB Large Cap Growth Fund Advisor Class (APGYX) NPORT-PAb Large Cap Growth Fund Inc (Oct 2021 report)