Style
GrowthTurnover
Orientation
Diversified activeAllianceBernstein L.P. employs an active, low-turnover growth style, emphasizing long-term conviction in high-conviction positions. The portfolio is heavily concentrated in mega-cap technology, with NVIDIA (6.0%), Microsoft (5.0%), Amazon (3.9%), and Alphabet (3.9%) among the top holdings, while the Technology sector alone accounts for 27.8% of total allocations. This positioning reveals a strong bet on secular growth drivers, as the top five holdings alone represent over 22% of assets, and the inclusion of both share classes of Alphabet (GOOG and GOOGL) underscores a deliberate double-weighting in a core name. The AUM trend, fluctuating between $276.4B and $317.6B since Q2 2024 with a relatively stable position count of roughly 3,250, indicates disciplined portfolio management without frequent turnover, reinforcing a strategy of concentrated, long-term ownership in leading growth companies.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 96,220,845 | $16.8B | 5.55% |
| 2 | KLA Corp(KLAC) | 7,470,622 | $11.0B | 3.64% |
| 3 | Apple Inc(AAPL) | 43,033,436 | $10.9B | 3.61% |
| 4 | Alphabet Inc(GOOG) | 36,669,121 | $10.5B | 3.48% |
Latest filing, equity positions only
| 5 |
| Microsoft Corp(MSFT) |
| 25,998,459 |
| $9.6B |
| 3.18% |
| 6 | Amazon COM Inc(AMZN) | 37,722,425 | $7.9B | 2.60% |
| 7 | Booking Holdings Inc(BKNG) | 1,843,531 | $7.8B | 2.57% |
| 8 | Broadcom Inc(AVGO) | 23,017,993 | $7.1B | 2.36% |
| 9 | Meta Platforms Inc(META) | 11,903,028 | $6.8B | 2.25% |
| 10 | Visa Inc(V) | 17,606,937 | $5.3B | 1.76% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Unclassified | 12.68% | 14.93% | +2.25% |
| Healthcare | 12.09% | 10.48% | -1.61% |
| Financial Services | 10.79% | 9.38% | -1.41% |
| Communication Services | 10.79% | 9.45% | -1.34% |
| Consumer Cyclical | 8.85% | 9.73% | +0.88% |
| Energy | 1.59% | 2.24% | +0.65% |
| Industrials | 7.22% | 7.58% | +0.36% |
| Utilities | 1.18% | 1.39% | +0.21% |
| Basic Materials | 1.41% | 1.53% | +0.12% |
| Consumer Defensive | 3.89% | 3.81% | -0.08% |
| Real Estate | 1.56% | 1.54% | -0.02% |
| Technology | 27.96% | 27.94% | -0.02% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 47.46% | 42.84% | -4.62% |
| Large Cap | 32.36% | 34.82% | +2.46% |
| Unclassified | 12.68% | 14.93% | +2.25% |
| Mid Cap | 6.28% | 6.22% | -0.06% |
| Small Cap | 1.09% | 1.05% | -0.04% |
| Micro Cap | 0.13% | 0.14% | +0.01% |
Quarter-over-quarter position changes