AB Large Cap Growth Fund Class A
APGAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Alliancebernstein Large Cap Growth MD United States of America
- IPO Date
- Sep 29, 1992
- CIK
- 0000889508
- Website
- alliancebernstein.com
- Similar Companies
- Business
- AB Large Cap Growth Fund Class A (APGAX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in equity securities of a limited number of large, carefully selected, high-quality U.S. companies with strong growth potential. The fund normally invests at least 80% of its net assets in common stocks of large-cap growth companies, emphasizing those with high profitability, persistent business growth, and the ability to reinvest above their cost of capital; it maintains a high-conviction portfolio of 50-70 stocks, predominantly U.S.-based (95.94% allocation), with top holdings including NVIDIA Corp. (11.56%), Microsoft Corp. (8.81%), Amazon.com Inc. (6.60%), Meta Platforms Inc. (6.41%), and Alphabet Inc. (5.95%), and sector overweightings in technology (39.70%) and communication services (18.43%). Share classes include Class A (APGAX, with 4.25% front-end load and 0.82% net expense ratio), Class B (APGBX), Class C (APGCX), Advisor Class (APGYX), Class Z (APGZX), and Class R; the fund is available for sale in the United States, with a minimum initial investment of $2,500. Launched on September 28, 1992, and domiciled in the United States, the fund is managed by AllianceBernstein L.P. (AB), with a portfolio management team led by John H. Fogarty, CFA (since February 16, 2012, Co-Chief Investment Officer—US Growth Equities) and Vinay Thapar (since April 11, 2018). AB, the fund's investment adviser and a leading global asset manager with approximately $869 billion in assets under management as of late 2025, oversees the fund from its headquarters in New York, New York, operating across retail, institutional, and private wealth channels worldwide. In recent years, AllianceBernstein has undergone significant strategic expansions, including robust growth in its private markets platform to $77 billion in fee-paying and fee-eligible AUM by mid-2025 (up 20% year-over-year) and targeting $90-$100 billion by 2027 through new strategies in private credit, real estate debt, CLOs, and middle-market lending; the firm also launched a U.S. equity ETF on the NYSE in December 2025 and strengthened its partnership with Equitable Holdings (its largest client at ~17% of AUM) via a $500 million commitment to NAV lending capabilities. These initiatives supported record AUM of $829 billion in Q2 2025, with active equities registering net inflows and a focus on high-fee alternatives amid a transformative 2024 that enhanced financial margins ahead of schedule (33% operating margin targeted for 2025). The fund itself maintains stable management continuity with no reported portfolio or structural changes specific to APGAX in 2024-2025, aligning with AB's broader emphasis on disciplined, bottom-up research for persistent growth outperformance.