# EDGAR Filing Document

**Accession Number:** 0000318478
**File Stem:** 0001775697-23-000120
**Filing Date:** 2023-2
**Character Count:** 22058
**Document Hash:** 99d7a9293544a335d8cc36f78bf30e64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001775697-23-000120.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001775697-23-000120

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON APPRECIATION FUND, INC.
- **CENTRAL INDEX KEY:** 0000318478
- **IRS NUMBER:** 133088846
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03081
- **FILM NUMBER:** 23664674

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 200 PARK AVENUE, 8TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 200 PARK AVENUE, 8TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS APPRECIATION FUND, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS APPRECIATION FUND INC
- **DATE OF NAME CHANGE:** 19930427

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENERAL COMMON STOCK FUND INC
- **DATE OF NAME CHANGE:** 19831103

## Series and Classes Contracts Data

### BNY Mellon Appreciation Fund, Inc. (Series ID: S000000008)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000000012 | Investor Shares | DGAGX           |
| C000130309 | Class Y         | DGYGX           |
| C000173298 | Class I         | DGIGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BNY Mellon Appreciation Fund, Inc.

- **b. Investment Company Act file number:** 811-03081

- **c. CIK number of Registrant:** 0000318478

- **d. LEI of Registrant:** 549300TUIL1OUKJCE043

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212 495 1784

**Item A.2. Information about the Series.**

- **a. Name of Series:** BNY Mellon Appreciation Fund, Inc.

- **b. EDGAR series identifier (if any):** S000000008

- **c. LEI of Series:** 549300TUIL1OUKJCE043

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1987877405.46

**Total Liabilities:** $1719501.35

**Net Assets:** $1986157904.11

**Cash Not Reported:** $378540.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000012 | 8.69%                | 7.12%                | -4.06%               |
| Class ID C000130309 | 8.73%                | 7.15%                | -4.04%               |
| Class ID C000173298 | 8.69%                | 7.15%                | -4.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11843998.09             | $148305617.06                              |
| Month 2  | $25186648.28             | $113841972.51                              |
| Month 3  | $17707431.41             | $-104544119.44                             |

**Designated Index Information**

- **Index Name:** 0

- **Index Identifier:** 0

### Schedule of Portfolio Investments

| Name                                | Title                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTUITIVE SURGICAL INC              | INTUITIVE SURGICAL INC                                            | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     84645 | NS      | $22460550.75  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYTHEON TECHNOLOGIES CORP          | RAYTHEON TECHNOLOGIES CORP                                        | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    203775 | NS      | $20564973.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                          | INTUIT INC                                                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     80640 | NS      | $31386700.80  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                           | ADOBE INC                                                         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     79395 | NS      | $26718799.35  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                      | MASTERCARD INC                                                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     81800 | NS      | $28444314.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL                | HERMES INTERNATIONAL                                              | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      8800 | NS      | $13611842.20  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP                 | OTIS WORLDWIDE CORP                                               | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     95840 | NS      | $7505230.40   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                 | ABBOTT LABORATORIES                                               | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    365440 | NS      | $40121657.60  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                      | S&P GLOBAL INC                                                    | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    137537 | NS      | $46066642.78  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                    | ALTRIA GROUP INC                                                  | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    299190 | NS      | $13675974.90  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                         | PEPSICO INC                                                       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    242635 | NS      | $43834439.10  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                        | CHEVRON CORP                                                      | CUSIP: 166764100<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | EC               | CORP              | US        |    558420 | NS      | $100230805.80 | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                    | NOVO NORDISK A/S                                                  | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    481290 | NS      | $65137788.60  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS AND CHEMICALS INC      | AIR PRODUCTS AND CHEMICALS INC                                    | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    201465 | NS      | $62103600.90  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP/THE                | PROGRESSIVE CORP/THE                                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    199180 | NS      | $25835637.80  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                    | EXXON MOBIL CORP                                                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    421850 | NS      | $46530055.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                            | VISA INC                                                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    344510 | NS      | $71575397.60  | 3.60%             |  |  |  | No            |                  1 | On Loan: —       |
| JOHNSON & JOHNSON                   | JOHNSON & JOHNSON                                                 | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    118915 | NS      | $21006334.75  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC              | UNITEDHEALTH GROUP INC                                            | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    141430 | NS      | $74983357.40  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                        | ALPHABET INC                                                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    554665 | NS      | $49215425.45  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                  | UNION PACIFIC CORP                                                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    148930 | NS      | $30838935.10  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING INC       | AUTOMATIC DATA PROCESSING INC                                     | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     69640 | NS      | $16634210.40  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE                    | COCA-COLA CO/THE                                                  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    652135 | NS      | $41482307.35  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORP                     | MCDONALD'S CORP                                                   | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    137345 | NS      | $36194527.85  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC               | TEXAS INSTRUMENTS INC                                             | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    368200 | NS      | $60834004.00  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                      | MICROSOFT CORP                                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    663165 | NS      | $159040230.30 | 8.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMORGAN CHASE & CO                                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    246735 | NS      | $33087163.50  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                      | AMAZON.COM INC                                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    648250 | NS      | $54453000.00  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTEE LAUDER COS INC/THE            | ESTEE LAUDER COS INC/THE                                          | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    158295 | NS      | $39274572.45  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC                            | NIKE INC                                                          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    195700 | NS      | $22898857.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE SA                           | NESTLE SA                                                         | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    268730 | NS      | $30995318.20  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                        | COMCAST CORP                                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    801415 | NS      | $28025482.55  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                     | ASML HOLDING NV                                                   | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     88715 | NS      | $48473876.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER INC                         | GARTNER INC                                                       | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     30650 | NS      | $10302691.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE | LVMH MOET HENNESSY LOUIS VUITTON SE                               | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |     66425 | NS      | $48344045.59  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO/THE             | SHERWIN-WILLIAMS CO/THE                                           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     93325 | NS      | $22148822.25  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE             | PROCTER & GAMBLE CO/THE                                           | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     69800 | NS      | $10578888.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                      | ELI LILLY & CO                                                    | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     25000 | NS      | $9146000.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC     | PHILIP MORRIS INTERNATIONAL INC                                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    425490 | NS      | $43063842.90  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                       | BLACKROCK INC                                                     | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     68200 | NS      | $48328566.00  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC              | BERKSHIRE HATHAWAY INC                                            | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       102 | NS      | $47808517.92  | 2.41%             |  |  |  | No            |                  1 | On Loan: —       |
| APPLE INC                           | APPLE INC                                                         | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    877635 | NS      | $114031115.55 | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO/THE                  | WALT DISNEY CO/THE                                                | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     89695 | NS      | $7792701.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS CORP                           | HESS CORP                                                         | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |    584075 | NS      | $82833516.50  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY LTD        | CANADIAN PACIFIC RAILWAY LTD                                      | CUSIP: 13645T100<br>LEI: 54930036474DURYNB481 | Long             | EC               | CORP              | CA        |    531075 | NS      | $39612884.25  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC/MD       | MARRIOTT INTERNATIONAL INC/MD                                     | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    199800 | NS      | $29748222.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC                | VERISK ANALYTICS INC                                              | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     57035 | NS      | $10062114.70  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTALEXCHANGE            | INTERCONTINENTAL EXCHANGE INC                                     | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    334895 | NS      | $34356878.05  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRE      | Dreyfus Institutional Preferred Government Plus Money Market Fund | CUSIP: N/A<br>LEI: 549300RBWL04JG8SIX57       | Long             | STIV             | RF                | US        |  13456017 | OU      | $13456017.41  | 0.68%             | 2099-12-01      | Variable      | 4.37%                 | No            |                  1 | On Loan: No      |
| 99VVB9HH4                           | DREYFUS INST PREF GOVT PLUS-SL #4134                              | CUSIP: 99VVB9HH4<br>LEI: N/A                  | Long             |  | RF                | US        |  20080459 | OU      | $20080458.87  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-23

**Name of Applicant:** BNY Mellon Advantage Funds, Inc.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Fund Treasurer