AllianceBernstein Portfolio holdings
AllianceBernstein is an asset manager that combines two older firms: Sanford C. Bernstein, started in 1967 as a private investment firm, and Alliance Capital, formed in 1971. Alliance Capital came from a merger of the investment management arm of Donaldson, Lufkin & Jenrette with the investment advisory business of Moody's, and it bought Bernstein in 2000. Its own analysts write research for its portfolio managers, and some of its portfolios are long-only while others also take short positions. In 2022 it bought CarVal Investors, a global manager of private alternative investments, and its clients include high net worth individuals, pension plans, charities, insurers and sovereign wealth funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$582M |
| 2 |
Delta Air Lines
DAL
|
+$278M |
| 3 |
Cisco
CSCO
|
+$262M |
| 4 |
Valero Energy
VLO
|
+$251M |
| 5 |
Medtronic
MDT
|
+$218M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$631M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$557M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$297M |
| 4 |
Walmart Inc
WMT
|
+$287M |
| 5 |
Pfizer
PFE
|
+$285M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.43% |
| 2 | Technology | 15.15% |
| 3 | Healthcare | 14.52% |
| 4 | Consumer Discretionary | 10.52% |
| 5 | Industrials | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.17T
| $2.99B | 2.49% |
108,445,920
+5,655,388
| +6% | +$154M |
2013 Q2
6 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $2.07B | 1.72% |
10,062,052
-2,771,018
| -22% | -$557M |
2013 Q2
6 quarters
|
|
3
Wells Fargo
WFC
$257B
| $1.97B | 1.64% |
35,920,706
-3,897,504
| -10% | -$206M |
2013 Q2
6 quarters
|
|
4
Microsoft
MSFT
$3.87T
| $1.73B | 1.43% |
37,195,910
+4,283,974
| +13% | +$201M |
2013 Q2
6 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$3.57T
| $1.48B | 1.23% |
56,362,500
-706,694
| -1% | -$19M |
2013 Q2
6 quarters
|
|
6
CVS Health
CVS
$114B
| $1.37B | 1.14% |
14,250,570
+241,292
| +2% | +$21.3M |
2013 Q2
6 quarters
|
|
7
HP
HPQ
$26.2B
| $1.32B | 1.09% |
72,318,372
+8,432,149
| +13% | +$141M |
2013 Q2
6 quarters
|
|
|
8
Pfizer
PFE
$168B
| $1.28B | 1.07% |
43,429,957
-9,956,918
| -19% | -$285M |
2013 Q2
6 quarters
|
|
9
Johnson & Johnson
JNJ
$675B
| $1.23B | 1.02% |
11,740,479
-390,516
| -3% | -$41.2M |
2013 Q2
6 quarters
|
|
10
Comcast
CMCSA
$88.8B
| $1.12B | 0.93% |
38,778,876
-3,054,446
| -7% | -$83.7M |
2013 Q2
6 quarters
|
|
|
TWX
11
DELISTED
Time Warner Inc
TWX
| $1.11B | 0.92% |
12,954,448
+7,305,112
| +129% | +$582M |
2013 Q2
6 quarters
|
|
12
ExxonMobil
XOM
$679B
| $1.08B | 0.89% |
11,640,883
-1,470,296
| -11% | -$137M |
2013 Q2
6 quarters
|
|
13
Visa
V
$794B
| $1.04B | 0.87% |
15,930,996
+939,848
| +6% | +$56.6M |
2013 Q2
6 quarters
|
|
14
Bank of America
BAC
$350B
| $962M | 0.8% |
53,762,970
-2,411,401
| -4% | -$41.3M |
2013 Q2
6 quarters
|
|
15
JPMorgan Chase
JPM
$911B
| $945M | 0.79% |
15,106,136
-593,927
| -4% | -$35.7M |
2013 Q2
6 quarters
|
|
16
Gilead Sciences
GILD
$210B
| $939M | 0.78% |
9,964,611
-850,106
| -8% | -$87.9M |
2013 Q2
6 quarters
|
|
17
Home Depot
HD
$350B
| $927M | 0.77% |
8,828,938
-851,817
| -9% | -$82.7M |
2013 Q2
6 quarters
|
|
18
Berkshire Hathaway Class B
BRK.B
$1.25T
| $917M | 0.76% |
6,109,744
-332,335
| -5% | -$48M |
2013 Q2
6 quarters
|
|
19
Walt Disney
DIS
$207B
| $874M | 0.73% |
9,276,310
-966,289
| -9% | -$87.1M |
2013 Q2
6 quarters
|
|
20
Kroger
KR
$41B
| $860M | 0.71% |
26,776,990
-1,161,396
| -4% | -$33.6M |
2013 Q2
6 quarters
|
|
21
Capital One
COF
$119B
| $799M | 0.66% |
9,680,899
-121,872
| -1% | -$9.9M |
2013 Q2
6 quarters
|
|
22
Intel
INTC
$332B
| $783M | 0.65% |
21,573,576
+3,738,004
| +21% | +$130M |
2013 Q2
6 quarters
|
|
23
Verizon
VZ
$193B
| $769M | 0.64% |
16,445,562
-5,002,658
| -23% | -$245M |
2013 Q2
6 quarters
|
|
24
Occidental Petroleum
OXY
$57.2B
| $760M | 0.63% |
9,448,076
+1,101,594
| +13% | +$91.4M |
2013 Q2
6 quarters
|
|
25
UnitedHealth
UNH
$361B
| $723M | 0.6% |
7,150,729
+1,198,662
| +20% | +$114M |
2013 Q2
6 quarters
|
|
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AllianceBernstein's Q4 2014 Portfolio in Review
As of Q4 2014, AllianceBernstein held 3,529 positions worth $120B, up 1.4% from $119B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
AllianceBernstein's Q4 2014 filing shows 124 new, 759 increased, 1,835 reduced and 99 closed positions. Its largest new stake was iShares Core MSCI EAFE ETF: 1,697,056 shares worth $93.9M. The largest sale was American Express, an estimated $631M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
- AllianceBernstein's largest Q4 2014 buy was iShares Core MSCI EAFE ETF: 1,697,056 shares worth $93.9M.
- AllianceBernstein added most to Time Warner Inc in Q4 2014, an estimated $582M increase.
- AllianceBernstein's biggest Q4 2014 reduction was American Express, cutting an estimated $631M.
- AllianceBernstein fully exited URS CORP in Q4 2014, selling an estimated $99.4M.
- AllianceBernstein's ten largest holdings make up 14% of its $120B portfolio in Q4 2014.
- AllianceBernstein opened 124 new positions and closed 99 in Q4 2014.
- AllianceBernstein's portfolio value rose 1.4% quarter-over-quarter to $120B.
Based on AllianceBernstein's 13F filing for Q4 2014, filed 13 Feb 2015.