Choose a Role
* includes items 7-11 of form N-CSR as required, if any.
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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.
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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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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.
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LONG-TERM INVESTMENTS 98.70%
COMMON STOCKS 98.70%
Aerospace & Defense 3.71%
RTX Corp.
9,778 $ 1,260,873
Banks 5.06%
JPMorgan Chase & Co.
6,426
1,717,670
Biotechnology 5.82%
AbbVie, Inc.
6,127
1,126,755
Gilead Sciences, Inc.
8,750
850,500
Total
1,977,255
Building Products 3.39%
Allegion PLC (Ireland)
(
a)
8,674
1,151,300
Capital Markets 8.38%
Charles Schwab Corp.
18,379
1,520,311
KKR & Co., Inc.
7,929
1,324,698
Total
2,845,009
Construction Materials 3.45%
CRH PLC
11,822
1,170,733
Consumer Staples Distribution & Retail 6.20%
BJ’s Wholesale Club
Holdings, Inc.*
11,845
1,173,247
Target Corp.
6,752
931,169
Total
2,104,416
Electronic Equipment, Instruments &
Components 3.82%
TD SYNNEX Corp.
9,099
1,296,698
Financial Services 4.25%
Fiserv, Inc.*
6,672
1,441,419
Health Care Providers & Services 3.48%
Labcorp Holdings, Inc.
4,724
1,180,055
Insurance 7.33%
Aon PLC Class A
3,797
1,408,004
RenaissanceRe Holdings Ltd. 4,654
1,082,427
Total
2,490,431
Interactive Media & Services 4.41%
Alphabet, Inc. Class A
7,347 $ 1,498,935
Machinery 7.32%
Cummins, Inc.
3,381
1,204,481
Parker-Hannifin Corp.
1,813
1,281,882
Total
2,486,363
Oil, Gas & Consumable Fuels 7.53%
Diamondback Energy, Inc. 4,928
809,966
Expand Energy Corp.
8,157
828,751
Shell PLC ADR
13,914
916,237
Total
2,554,954
Pharmaceuticals 2.83%
Merck & Co., Inc.
9,734
961,914
Real Estate Management & Development 3.28%
CBRE Group, Inc. Class A* 7,683
1,112,037
Semiconductors & Semiconductor
Equipment 3.80%
Taiwan Semiconductor
Manufacturing Co. Ltd.
ADR
6,169
1,291,295
Software 3.26%
Microsoft Corp.
2,667
1,106,965
Specialty Retail 5.42%
Best Buy Co., Inc.
9,611
825,201
Lowe’s Cos., Inc.
3,903
1,014,936
Total
1,840,137
Technology Hardware, Storage &
Peripherals 2.73%
NetApp, Inc.
7,603
928,326
Trading Companies & Distributors 3.23%
AerCap Holdings NV
(Ireland)
(a)
11,466
1,096,150
Total Common Stocks
(cost $24,861,939)
33,512,935
Schedule of Investments (unaudited)
FOCUSED LARGE CAP VALUE FUND
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Shares
Value
Fair
Investments
Shares
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SHORT-TERM INVESTMENTS 1.54%
Repurchase Agreements 1.54%
Repurchase Agreement dated
1/31/2025, 2.050% due
2/3/2025 with Fixed
Income Clearing Corp.
collateralized by $529,800
of U.S. Treasury Note at 4.375%
due 12/15/2026;
value: $534,289;
proceeds: $523,890
(cost $523,800)
$523,800 $ 523,800
Total Investments in
Securities 100.24%
(cost $25,385,739)
34,036,735
Other Assets and
Liabilities - Net (0.24)%
(82,907)
Net Assets 100.00%
$33,953,828
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 LARGE CAP VALUE FUND
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carried at fair value
(1)
:
Investment Type
(2)
Level 1
Level 2
Level 3
Total
Long-Term Investments
Common Stocks $
33,512,935 $
– $ – $
33,512,935
Short-Term Investments
Repurchase Agreements
523,800 –
523,800
Total
$33,512,935 $
523,800 $ – $
34,036,735
(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.
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LONG-TERM INVESTMENTS 99.72%
COMMON STOCKS 99.72%
Aerospace & Defense 2.01%
Leonardo DRS, Inc.*
58,390 $
2,052,408
Air Freight & Logistics 2.28%
Radiant Logistics, Inc.* 331,803
2,329,257
Banks 12.13%
Axos Financial, Inc.*
28,590
1,999,299
Bancorp, Inc.*
41,250
2,518,725
First BanCorp
110,079
2,285,240
Prosperity Bancshares, Inc. 38,093
3,047,440
Wintrust Financial Corp. 19,480
2,548,179
Total
12,398,883
Capital Markets 4.05%
Bridge Investment Group
Holdings, Inc. Class A
253,806
2,032,986
Moelis & Co. Class A
26,861
2,102,948
Total
4,135,934
Chemicals 6.51%
Avient Corp.
64,785
2,779,276
Element Solutions, Inc. 99,349
2,564,198
Quaker Chemical Corp.
9,249
1,305,774
Total
6,649,248
Commercial Services & Supplies 4.04%
Brady Corp. Class A
30,671
2,284,683
Vestis Corp.
131,874
1,843,598
Total
4,128,281
Electronic Equipment, Instruments &
Components 10.51%
Advanced Energy Industries,
Inc.
28,671
3,299,459
Belden, Inc.
26,081
3,037,654
Mirion Technologies, Inc.* 115,706
1,832,783
Vishay Precision Group,
Inc.*
110,440
2,573,252
Total
10,743,148
Energy Equipment & Services 2.07%
Liberty Energy, Inc.
115,634 $
2,117,259
Financial Services 3.86%
Compass Diversified
Holdings
114,628
2,435,845
International Money
Express, Inc.*
79,730
1,507,694
Total
3,943,539
Food Products 2.26%
Simply Good Foods Co.* 60,894
2,313,972
Health Care Equipment & Supplies 4.84%
Integer Holdings Corp.* 16,135
2,294,720
Integra LifeSciences
Holdings Corp.*
101,496
2,649,045
Total
4,943,765
Health Care Providers & Services 1.49%
Addus HomeCare Corp.* 12,162
1,522,196
Household Durables 2.26%
Worthington Enterprises,
Inc.
55,123
2,309,654
Insurance 7.15%
Bowhead Specialty Holdings,
Inc.*
60,009
1,940,091
Kemper Corp.
31,694
2,129,203
White Mountains Insurance
Group Ltd.
1,674
3,234,938
Total
7,304,232
Leisure Products 7.23%
Acushnet Holdings Corp. 27,197
1,776,508
Brunswick Corp.
41,928
2,827,624
YETI Holdings, Inc.*
74,604
2,779,745
Total
7,383,877
Life Sciences Tools & Services 2.56%
Azenta, Inc.*
48,431
2,617,696
Machinery 2.65%
Columbus McKinnon Corp. 74,261
2,704,586
Fair
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Shares
Value
Fair
Investments
Shares
Value
Schedule of Investments (unaudited)
FOCUSED SMALL CAP VALUE FUND
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Media 2.47%
Criteo SA ADR*
66,561 $
2,528,652
Oil, Gas & Consumable Fuels 6.15%
Gulfport Energy Corp.*
7,916
1,413,085
MEG Energy Corp.
(a)
173,309
2,841,679
Northern Oil & Gas, Inc. 56,323
2,024,812
Total
6,279,576
Professional Services 2.82%
Genpact Ltd.
59,225
2,883,665
Real Estate Management &
Development 4.39%
Cushman & Wakefield
PLC*
205,841
2,838,547
Marcus & Millichap, Inc. 43,163
1,647,100
Total
4,485,647
Semiconductors & Semiconductor
Equipment 2.55%
Silicon Motion Technology
Corp. ADR
47,735
2,606,808
Trading Companies & Distributors 3.44%
GMS, Inc.*
20,414
1,721,717
MRC Global, Inc.*
121,962
1,790,402
Total
3,512,119
Total Common Stocks
(cost $87,595,359)
101,894,402
SHORT-TERM INVESTMENTS 0.29%
Repurchase Agreements 0.29%
Repurchase Agreement
dated 1/31/2025, 2.050%
due 2/3/2025 with Fixed
Income Clearing Corp.
collateralized by
$293,100 of U.S.
Treasury Note at
4.375% due 12/15/2026;
value: $295,587;
proceeds: $289,827
(cost $289,778)
$289,778 $
289,778
Total Investments in
Securities 100.01%
(cost $87,885,137)
102,184,180
Other Assets and
Liabilities - Net (0.01)%
(6,417)
Net Assets 100.00%
$102,177,763
ADR American Depositary Receipt.
* Non-income producing security.
(a)
Investment in non-U.S. dollar denominated
securities.
Schedule of Investments (unaudited)(continued)
FOCUSED SMALL CAP VALUE FUND
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Principal
Fair
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Amount
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Schedule of Investments (unaudited)(concluded)
FOCUSED SMALL CAP VALUE FUND
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2
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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
Common Stocks $
101,894,402 $
– $ – $
101,894,402
Short-Term Investments
Repurchase Agreements
289,778 –
289,778
Total
$101,894,402 $
289,778 $ – $
102,184,180
(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.
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LONG-TERM INVESTMENTS 99.54%
COMMON STOCKS 99.54%
Aerospace & Defense 4.28%
Boeing Co.*
200,557 $ 35,402,322
RTX Corp.
389,680
50,249,236
Total
85,651,558
Banks 7.50%
JPMorgan Chase & Co. 338,928
90,595,454
Wells Fargo & Co.
753,377
59,366,108
Total
149,961,562
Biotechnology 4.86%
AbbVie, Inc.
212,257
39,034,062
Gilead Sciences, Inc.
364,360
35,415,792
United Therapeutics Corp.* 64,908
22,793,743
Total
97,243,597
Building Products 3.20%
Allegion PLC (Ireland)
(a)
273,824
36,344,659
Masco Corp.
348,956
27,665,232
Total
64,009,891
Capital Markets 7.63%
Charles Schwab Corp. 607,315
50,237,097
KKR & Co., Inc.
207,059
34,593,347
Morgan Stanley
283,265
39,212,374
Nasdaq, Inc.
346,272
28,512,036
Total
152,554,854
Construction & Engineering 1.32%
EMCOR Group, Inc.
58,885
26,384,013
Construction Materials 1.78%
CRH PLC
359,989
35,649,711
Consumer Finance 1.53%
American Express Co.
96,136
30,518,373
Consumer Staples Distribution & Retail 3.25%
BJ’s Wholesale Club
Holdings, Inc.*
362,188 $ 35,874,721
Target Corp.
211,577
29,178,584
Total
65,053,305
Electric: Utilities 3.36%
Entergy Corp.
313,956
25,455,552
FirstEnergy Corp.
548,316
21,822,977
NextEra Energy, Inc.
277,829
19,881,443
Total
67,159,972
Electronic Equipment, Instruments &
Components 3.23%
Jabil, Inc.
166,900
27,106,229
TD SYNNEX Corp.
262,506
37,409,730
Total
64,515,959
Energy Equipment & Services 1.16%
Schlumberger NV
575,174
23,168,009
Financial Services 3.18%
Fiserv, Inc.*
189,258
40,887,299
PayPal Holdings, Inc.*
255,640
22,644,591
Total
63,531,890
Health Care Equipment & Supplies 1.50%
Becton Dickinson & Co. 121,455
30,072,258
Health Care Providers & Services 5.51%
Labcorp Holdings, Inc. 162,339
40,552,282
McKesson Corp.
57,287
34,071,443
UnitedHealth Group, Inc. 65,309
35,429,480
Total
110,053,205
Industrial REITS 1.56%
Prologis, Inc.
261,456
31,178,628
Fair
Investments
Shares
Value
Fair
Investments
Shares
Value
Schedule of Investments (unaudited)
FUNDAMENTAL EQUITY FUND
J
a
n
u
a
r
y
3
1
,
2
0
2
5