AB Large Cap Growth Fund
APGCX
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
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- AllianceBernstein LP New York NY United States of America 10105
- IPO Date
- Apr 30, 1993
- CIK
- 0000889508
- Website
- alliancebernstein.com
- Similar Companies
- Business
- AB Large Cap Growth Fund (APGCX) is an open-end mutual fund managed by AllianceBernstein L.P. that seeks long-term growth of capital through a high-conviction portfolio of 50-70 primarily large-capitalization U.S. growth companies selected for their persistent business growth potential, high profitability, and ability to reinvest above their cost of capital; it invests at least 80% of net assets in common stocks of large, seasoned U.S. companies across sectors such as information technology (approximately 42%), communication services (18%), consumer discretionary (12%), and health care (11%), with a portfolio turnover of around 25% and occasional use of exchange-traded funds in lieu of direct securities; the fund emphasizes bottom-up research for top-decile risk-adjusted returns and operates share classes including Class C (APGCX, net expense ratio 1.55%), Advisor (APGYX), and others, with total net assets exceeding $27 billion. Launched on May 3, 1993, and domiciled in the United States with headquarters aligned to AllianceBernstein in New York, the fund primarily targets U.S. institutional and retail investors seeking exposure to large-growth equities, with over 95% of assets in U.S. stocks and minor allocations to developed markets in Europe, Asia, and Canada. The fund is led by a seasoned management team including Co-Chief Investment Officer John H. Fogarty, CFA (since February 2012), and Vinay Thapar (since April 2018), who apply a disciplined, non-momentum-driven approach focused on compounding client capital through persistent performers. In recent developments, the fund distributed $13.27 per share in late 2025 amid strong year-to-date performance of over 11-13%, reflecting robust market conditions in large-cap growth; AllianceBernstein, its adviser, continues strategic enhancements including parent Equitable Holdings' $750 million commitment to the 2024 acquisition of CarVal Investors to bolster illiquid strategies, alongside $20 billion in permanent capital allocations since 2021 to seed alternative platforms that indirectly support equity growth initiatives like this fund.