AB Large Cap Growth Fund
APGZX
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- AB Large Cap Growth Fund (Class Z) (APGZX) is an open-end mutual fund managed by AllianceBernstein L.P. that seeks long-term growth of capital by investing primarily in a high-conviction portfolio of 50-70 large-cap growth stocks, predominantly US companies exhibiting persistent business growth potential, high profitability, and the ability to reinvest above their cost of capital; the fund employs bottom-up fundamental research to select securities with durable competitive advantages and historically delivers top-decile risk-adjusted returns relative to peers in the large growth category, with an active share of 70-75% versus benchmarks, a net expense ratio of 0.51%, and total net assets of approximately $27.52 billion as of recent data. Launched on June 30, 2015, and domiciled in the United States, the fund targets institutional and individual investors seeking exposure to market-cap large growth equities, including top holdings such as NVIDIA (8.59%), Microsoft (7.60%), Amazon.com (6.46%), Meta Platforms (5.84%), and Visa (5.42%); it is managed by a team led by John H. Fogarty, CFA (since February 16, 2012) and Vinay Thapar (since April 11, 2018), Co-Chief Investment Officer for US Growth Equities. AllianceBernstein L.P., the fund's investment manager and a leading global asset manager with approximately $860 billion in assets under management headquartered in Nashville, Tennessee (relocated in 2021 from New York), traces its roots to 1967 via Sanford C. Bernstein & Co. and 1971 via Alliance Capital Management, with the modern entity formed in 2000. Recent developments at AllianceBernstein include the acquisition of CarVal Investors in 2022 to bolster private alternatives capabilities, the launch of a global private credit evergreen fund in 2025, and the introduction of the AB US Equity ETF (XCHG) on the New York Stock Exchange in December 2025 in collaboration with Bernstein Private Wealth Management, reflecting the firm's strategic expansion into active ETFs and private credit amid growing AUM to $869 billion as of October 2025. The fund operates within AllianceBernstein's broader platform serving institutional, individual, and private wealth clients across major global markets, with a focus on diversified investment solutions including equities, fixed income, and multi-asset strategies.