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Lord Abbett
Alpha Strategy Fund
Focused Growth Fund
Focused Large Cap Value Fund
Focused Small Cap Value Fund
Fundamental Equity Fund
Global Equity Fund
Growth Leaders Fund
Health Care Fund
International Equity Fund
International Opportunities Fund
International Value Fund
Micro Cap Growth Fund
Value Opportunities Fund
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1
LONG-TERM INVESTMENTS 99.98%
INVESTMENTS IN UNDERLYING
FUNDS
(a)(b)
99.98%
Lord Abbett Developing
Growth Fund, Inc. -
Class I
(c)
4,131,815 $124,532,896
Lord Abbett Securities
Trust - Focused Small
Cap Value Fund -
Class I*
(d)
2,130,463
64,190,864
Lord Abbett Securities
Trust - International
Opportunities
Fund - Class I
(
d)
6,269,661 118,057,712
Lord Abbett Securities
Trust - Micro Cap Growth
Fund - Class I*
(d)
2,882,498
62,982,583
Lord Abbett Research Fund,
Inc. - Small Cap
Value Fund - Class I
(d)
5,904,651 126,064,299
Lord Abbett Securities
Trust - Value Opportunities
Fund - Class I
(d)
6,067,633 125,903,388
Total Investments in
Underlying Funds
(cost $553,813,998)
621,731,742
SHORT-TERM INVESTMENTS 0.02%
Repurchase Agreements 0.02%
Repurchase Agreement dated
1/31/2025, 2.050% due 2/3/2025
with Fixed Income Clearing Corp.
collateralized by $128,700 of
U.S. Treasury Note at 4.375%
due 12/15/2026;
value: $129,795;
proceeds: $127,260
(cost $127,238)
$127,238 $
127,238
Total Investments in
Securities 100.00%
(
cost $553,941,236)
621,858,980
Other Assets and
Liabilities - Net (0.00)%
(1,767)
Net Assets 100.00%
$621,857,213
* Non-income producing security.
(a)
These investments offer daily redemptions.
(b)
Affiliated Funds.
(c)
Fund investment objective is long-term growth of
capital through a diversified and actively managed
portfolio consisting of developing growth companies,
many of which are traded over the counter.
(d)
Fund investment objective is long-term capital
appreciation.
Fair
Investments
Shares
Value
Principal
Fair
Investments
Amount
Value
Schedule of Investments (unaudited)
ALPHA STRATEGY FUND
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The following is a summary of the inputs used as of January 31, 2025 in valuing the Fund’s investments
carried at fair value
(1)
:
Investment Type
(2)
Level 1
Level 2
Level 3
Total
Long-Term Investments
Investments in Underlying Funds $621,731,742
$– $ – $
621,731,742
Short-Term Investments
Repurchase Agreements
–
127,238 –
127,238
Total
$621,731,742
$127,238 $ – $
621,858,980
(1)
Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)
See Schedule of Investments for fair values in each investment in Underlying Funds. When applicable, each Level 3
security is identified on the Schedule of Investments along with the valuation technique utilized.
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3
investments at the beginning or end of the period in relation to the Fund’s net assets.
2
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LONG-TERM INVESTMENTS 96.63%
COMMON STOCKS 96.63%
Aerospace & Defense 2.54%
Axon Enterprise, Inc.*
3,566 $ 2,325,674
Automobiles 3.35%
Tesla, Inc.*
7,561
3,059,181
Biotechnology 5.36%
Argenx SE ADR*
3,087
2,022,386
Natera, Inc.*
16,263
2,877,250
Total
4,899,636
Broadline Retail 8.34%
Amazon.com, Inc.*
23,868
5,672,946
MercadoLibre, Inc.
(Uruguay)*
(
a)
1,016
1,952,945
Total
7,625,891
Communications Equipment 1.61%
Arista Networks, Inc.*
12,805
1,475,520
Construction & Engineering 1.02%
EMCOR Group, Inc.
2,075
929,724
Electrical Equipment 1.09%
Vertiv Holdings Co. Class A 8,536
998,883
Entertainment 7.75%
Netflix, Inc.*
3,369
3,290,705
Spotify Technology SA
(Sweden)*
(a)
6,913
3,792,126
Total
7,082,831
Health Care Equipment & Supplies 4.96%
Boston Scientific Corp.* 19,999
2,047,098
Intuitive Surgical, Inc.*
4,356
2,491,109
Total
4,538,207
Hotels, Restaurants & Leisure 4.51%
Cava Group, Inc.*
11,720
1,582,786
DoorDash, Inc. Class A* 13,443
2,538,442
Total
4,121,228
Information Technology Services 5.11%
Shopify, Inc. Class A
(Canada)*
(
a)
21,294 $ 2,487,139
Wix.com Ltd. (Israel)*
(a)
9,161
2,188,471
Total
4,675,610
Interactive Media & Services 14.86%
Alphabet, Inc. Class A
15,792
3,221,884
Meta Platforms, Inc. Class A 9,441
6,506,549
Reddit, Inc. Class A*
19,366
3,864,485
Total
13,592,918
Media 1.75%
Trade Desk, Inc. Class A* 13,512
1,603,604
Semiconductors & Semiconductor
Equipment 10.03%
Astera Labs, Inc.*
10,147
1,029,109
Broadcom, Inc.
8,114
1,795,385
NVIDIA Corp.
52,880
6,349,301
Total
9,173,795
Software 18.02%
AppLovin Corp. Class A*
7,069
2,612,632
Atlassian Corp. Class A
(Australia)*
(a)
6,878
2,110,721
CyberArk Software Ltd.
(Israel)*
(a)
5,990
2,222,170
HubSpot, Inc.*
2,341
1,824,880
Microsoft Corp.
4,823
2,001,834
Oracle Corp.
8,995
1,529,690
Palantir Technologies, Inc.
Class A*
30,519
2,517,512
ServiceNow, Inc.*
1,632
1,661,996
Total
16,481,435
Specialty Retail 2.39%
Carvana Co.*
8,821
2,183,021
Technology Hardware, Storage &
Peripherals 3.94%
Apple, Inc.
15,268
3,603,248
Total Common Stocks
(cost $58,408,034)
88,370,406
Fair
Investments
Shares
Value
Fair
Investments
Shares
Value
Schedule of Investments (unaudited)
FOCUSED GROWTH FUND
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3
SHORT-TERM INVESTMENTS 3.98%
Repurchase Agreements 3.98%
Repurchase Agreement dated
1/31/2025, 2.050% due 2/3/2025
with Fixed Income Clearing
Corp. collateralized by $3,674,900
of U.S. Treasury Note at 4.375%
due 12/15/2026; value: $3,706,037;
proceeds: $3,633,908
(cost $3,633,288)
$3,633,288 $ 3,633,288
Total Investments in
Securities 100.61%
(cost $62,041,322)
92,003,694
Other Assets and
Liabilities - Net (0.61)%
(553,819)
Net Assets 100.00%
$91,449,875
ADR American Depositary Receipt.
* Non-income producing security.
(a)
Foreign security traded in U.S. dollars.
Principal
Fair
Investments
Amount
Value
Schedule of Investments (unaudited)(concluded)
FOCUSED GROWTH FUND
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2
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2
5
The following is a summary of the inputs used as of January 31, 2025 in valuing the Fund’s investments
carried at fair value
(1)
:
Investment Type
(2)
Level 1
Level 2
Level 3
Total
Long-Term Investments
Common Stocks $
88,370,406 $
– $ –
$88,370,406
Short-Term Investments
Repurchase Agreements
–
3,633,288 –
3,633,288
Total
$88,370,406 $
3,633,288 $ – $
92,003,694
(1)
Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)
See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography.
The table above is presented by Investment Type. Industries are presented within an Investment Type should such
Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When
applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation
technique utilized.
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3
investments at the beginning or end of the period in relation to the Fund’s net assets.