AST Large-Cap Growth Portfolio

Advanced Series Trust

Actively managed U.S. equity fund
$7.74B NAV
171 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

AST Large-Cap Growth Portfolio is an actively managed U.S. equity fund. 37% of AST Large-Cap Growth Portfolio’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of the Portfolio is to seek long-term growth of capital.

Strategy · summarised

The fund invests at least 80% of its assets in equity securities of large-capitalization companies, defined as those within the Russell 1000 Index. Five subadvisers manage the portfolio and seek companies with above-average earnings and cash flow growth that occupy defensible market niches capable of sustaining momentum through economic slowdowns. The fund may deviate from these criteria to pursue opportunities from corporate events, product innovations, competitive developments, or management changes. Because performance depends on the subadvisers' security selections, results will diverge from any benchmark.

Expenses
0.86%one share class
Share classGrossNetAs of
C0000051940.87%0.86%2025 Q2

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 30.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.21%
of net assets
Stocks99.11%
Cash & short-term3.11%
Derivatives-0.00%

Look-through blends 2 underlying funds; 2.694% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology45.3%
Communication Services12.1%
Consumer Discretionary7.9%
Health Care6.6%
10 smaller28.1%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
37%of stock holdings in top-quartile growers
covering 90% of the fund’s equity
Earnings growth
41%of stock holdings in top-quartile growers
covering 81% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 32 new22 exited

Largest new: AMAT, GLW, VRT, SNDK, SPCX, EXPE, COHR, FIX

Largest exited: MSI, AMT, USFD, CP, AJG, Galderma Group AG, EOG, INSM

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+29.52%
3-year
+92.20%
5-year
+60.14%
Volatility
18.36%
Worst 3-yr fall
-11.75%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPNVDA12.12%$938.88M
APPLE INCAAPL6.32%$489.41M
ALPHABET INCGOOGL5.40%$418.53M
BROADCOM INCAVGO4.47%$346.59M
META PLATFORMS INCMETA3.69%$285.82M
MICROSOFT CORPMSFT3.47%$268.99M
PRUDENTIAL INVESTMENT PORTFOLIOS 93.02%$234.22M
AMAZON.COM INCAMZN2.75%$212.92M
ELI LILLY & COMPANYLLY2.65%$205.02M
ADVANCED MICRO DEVICES INCAMD2.61%$201.82M
Showing 10 of 171Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 46.51% of net assets, top 25 68.88%, across 170 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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