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 |
UnitedHealth
UNH
|
+$413M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 3 |
Meta Platforms (Facebook)
META
|
+$311M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$311M |
| 5 |
Microsoft
MSFT
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$260M |
| 2 |
Medtronic
MDT
|
+$239M |
| 3 |
T-Mobile US
TMUS
|
+$221M |
| 4 |
CELG
Celgene Corp
CELG
|
+$204M |
| 5 |
Nike
NKE
|
+$180M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.42% |
| 2 | Financials | 15.71% |
| 3 | Healthcare | 14.99% |
| 4 | Consumer Discretionary | 11.29% |
| 5 | Industrials | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.86T
| $5.87B | 3.65% |
43,808,032
+2,385,663
| +6% | +$303M |
2013 Q2
24 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$3.58T
| $3.9B | 2.43% |
72,243,900
+719,620
| +1% | +$41.5M |
2013 Q2
24 quarters
|
|
|
3
Meta Platforms (Facebook)
META
$1.62T
| $3.15B | 1.96% |
16,329,639
+1,702,580
| +12% | +$311M |
2013 Q2
24 quarters
|
|
|
4
Apple
AAPL
$5.15T
| $3.12B | 1.94% |
62,966,380
-5,338,152
| -8% | -$260M |
2013 Q2
24 quarters
|
|
5
Visa
V
$793B
| $2.9B | 1.8% |
16,690,339
-49,942
| -0.3% | -$8.18M |
2013 Q2
24 quarters
|
|
|
6
UnitedHealth
UNH
$360B
| $2.47B | 1.53% |
10,111,803
+1,717,070
| +20% | +$413M |
2013 Q2
24 quarters
|
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.24T
| $2.07B | 1.29% |
9,716,186
+1,617,032
| +20% | +$335M |
2013 Q2
24 quarters
|
|
8
Home Depot
HD
$350B
| $1.87B | 1.16% |
9,000,750
-335,162
| -4% | -$66.9M |
2013 Q2
24 quarters
|
|
9
Amazon
AMZN
$2.88T
| $1.76B | 1.09% |
18,554,000
+251,120
| +1% | +$23.4M |
2013 Q2
24 quarters
|
|
10
Zoetis
ZTS
$33.4B
| $1.71B | 1.06% |
15,024,801
+36,912
| +0.2% | +$3.87M |
2013 Q2
24 quarters
|
|
11
Comcast
CMCSA
$88.3B
| $1.61B | 1% |
38,130,191
+5,198,397
| +16% | +$219M |
2013 Q2
24 quarters
|
|
12
JPMorgan Chase
JPM
$914B
| $1.6B | 0.99% |
14,318,656
+879,739
| +7% | +$97M |
2013 Q2
24 quarters
|
|
13
Booking.com
BKNG
$120B
| $1.55B | 0.96% |
20,712,425
+580,325
| +3% | +$41.7M |
2013 Q2
24 quarters
|
|
14
Walt Disney
DIS
$206B
| $1.25B | 0.78% |
8,958,861
+956,510
| +12% | +$127M |
2013 Q2
24 quarters
|
|
15
Wells Fargo
WFC
$258B
| $1.24B | 0.77% |
26,210,047
+926,986
| +4% | +$43.4M |
2013 Q2
24 quarters
|
|
16
Procter & Gamble
PG
$389B
| $1.23B | 0.76% |
11,194,379
-183,739
| -2% | -$19.6M |
2013 Q2
24 quarters
|
|
17
Pfizer
PFE
$168B
| $1.22B | 0.76% |
29,775,134
-387,266
| -1% | -$15.4M |
2013 Q2
24 quarters
|
|
18
Bank of America
BAC
$351B
| $1.22B | 0.76% |
41,961,398
-5,318,036
| -11% | -$153M |
2013 Q2
24 quarters
|
|
19
Abbott
ABT
$190B
| $1.2B | 0.74% |
14,256,393
+374,235
| +3% | +$29.5M |
2013 Q2
24 quarters
|
|
20
Automatic Data Processing
ADP
$121B
| $1.14B | 0.71% |
6,898,844
+37,100
| +0.5% | +$6.03M |
2013 Q2
24 quarters
|
|
21
Costco
COST
$479B
| $1.12B | 0.7% |
4,246,160
-365,103
| -8% | -$91M |
2013 Q2
24 quarters
|
|
22
Mastercard
MA
$573B
| $1.12B | 0.69% |
4,227,075
+25,194
| +0.6% | +$6.3M |
2013 Q2
24 quarters
|
|
23
PayPal
PYPL
$49.2B
| $1.12B | 0.69% |
9,755,253
-1,195,736
| -11% | -$133M |
2015 Q3
15 quarters
|
|
24
Johnson & Johnson
JNJ
$674B
| $1.06B | 0.66% |
7,643,579
+939,565
| +14% | +$130M |
2013 Q2
24 quarters
|
|
25
Walmart Inc
WMT
$993B
| $1.04B | 0.65% |
28,284,291
+1,736,652
| +7% | +$59.9M |
2013 Q2
24 quarters
|
|
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AllianceBernstein's Q2 2019 Portfolio in Review
As of Q2 2019, AllianceBernstein held 3,270 positions worth $161B, up 4.8% from $154B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
AllianceBernstein's Q2 2019 filing shows 163 new, 1,818 increased, 1,043 reduced and 130 closed positions. Its largest new stake was Smartsheet Inc.: 1,910,302 shares worth $92.5M. The largest sale was Apple, an estimated $260M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
- AllianceBernstein's largest Q2 2019 buy was Smartsheet Inc.: 1,910,302 shares worth $92.5M.
- AllianceBernstein added most to UnitedHealth in Q2 2019, an estimated $413M increase.
- AllianceBernstein's biggest Q2 2019 reduction was Apple, cutting an estimated $260M.
- AllianceBernstein fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2019, selling an estimated $177M.
- AllianceBernstein's ten largest holdings make up 18% of its $161B portfolio in Q2 2019.
- AllianceBernstein opened 163 new positions and closed 130 in Q2 2019.
- AllianceBernstein's portfolio value rose 4.8% quarter-over-quarter to $161B.
Based on AllianceBernstein's 13F filing for Q2 2019, filed 14 Aug 2019.