UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file Number 811-01807
Value Line Larger Companies Focused Fund, Inc.
(Exact name of registrant as specified in charter)
1605 Main Street, Sarasota, FL 34236
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: 212-907-1900
Date of fiscal year end: December 31, 2025
Date of reporting period: December 31, 2025
Item I. Reports to Stockholders.
(a) A copy of the Tailored Shareholder Report to Stockholders for the period ended 12/31/25 is included with this Form.
Value Line Larger Companies Focused Fund, Inc.
Institutional Class VLLIX
What were the Fund costs for last year?
(based on a hypothetical $10,000 investment)
Class Name |
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Institutional Class |
$ |
How did the Fund perform last year?
The Fund's Institutional Class generated a total return of 28.92% during the 12 months ended December 31, 2025.
• The Fund outperformed the S&P 500® Index (Index) attributable to effective stock selection and sector allocation decisions. The Fund also benefited from its focus on growth companies, which outperformed value-oriented stocks.
• Stock selection in financials, health care and industrials contributed most positively. An overweight to information technology also boosted relative results. Stock selection in communication services and energy and an overweight to consumer discretionary detracted.
• Individual stocks contributing most positively to the Fund’s relative results were Robinhood Markets, a financial services platform operator; AppLovin, a mobile technology company; and Advanced Micro Devices, a semiconductor company. Robinhood Markets enjoyed a triple-digit share price gain on financial performance, product diversification, market expansion and inclusion in the Index in September 2025. AppLovin, a new Fund position, saw a triple-digit share price gain, reflecting its strategic focus on ad technology, financial performance and market expansion. Shares of Advanced Micro Devices saw a robust double-digit gain on its AI partnerships and demand for the company’s AI accelerators.
• Stocks detracting most from the Fund’s relative performance were Strategy, an enterprise analytics software provider that invests in Bitcoin; ServiceNow, a cloud-based solutions provider for digital workflows; and CoreWeave, an AI cloud-computing company—each of which saw a double-digit share price decline. An out-of-Index position in Strategy hurt, reflecting Bitcoin’s price volatility and investor concerns about financing Bitcoin purchases. ServiceNow struggled amid concerns about the impact of AI on its core human resources business and decelerating growth. A new out-of-Index position in CoreWeave was negatively affected by data center delays pressuring its revenue and concerns around its high debt/capital expenditure ratio.
Total Return based on a $10,000 Investment
12/15 |
$ |
$ |
$ |
|---|---|---|---|
01/16 |
$ |
$ |
$ |
02/16 |
$ |
$ |
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03/16 |
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04/16 |
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05/16 |
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06/16 |
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07/16 |
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08/16 |
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$ |
09/16 |
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$ |
$ |
10/16 |
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$ |
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11/16 |
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12/16 |
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01/17 |
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02/17 |
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03/17 |
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04/17 |
$ |
$ |
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05/17 |
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06/17 |
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07/17 |
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$ |
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08/17 |
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09/17 |
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$ |
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10/17 |
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$ |
$ |
11/17 |
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$ |
12/17 |
$ |
$ |
$ |
01/18 |
$ |
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$ |
02/18 |
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03/18 |
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04/18 |
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05/18 |
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$ |
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06/18 |
$ |
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07/18 |
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$ |
08/18 |
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$ |
$ |
09/18 |
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10/18 |
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11/18 |
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12/18 |
$ |
$ |
$ |
01/19 |
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02/19 |
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03/19 |
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04/19 |
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05/19 |
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06/19 |
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07/19 |
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08/19 |
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09/19 |
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10/19 |
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11/19 |
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12/19 |
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01/20 |
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$ |
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02/20 |
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$ |
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03/20 |
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04/20 |
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$ |
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05/20 |
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06/20 |
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07/20 |
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08/20 |
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09/20 |
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10/20 |
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11/20 |
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12/20 |
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01/21 |
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02/21 |
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03/21 |
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04/21 |
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05/21 |
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06/21 |
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07/21 |
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08/21 |
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09/21 |
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10/21 |
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11/21 |
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12/21 |
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$ |
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01/22 |
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02/22 |
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03/22 |
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04/22 |
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05/22 |
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06/22 |
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07/22 |
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$ |
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08/22 |
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$ |
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09/22 |
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$ |
$ |
10/22 |
$ |
$ |
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11/22 |
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$ |
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12/22 |
$ |
$ |
$ |
01/23 |
$ |
$ |
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02/23 |
$ |
$ |
$ |
03/23 |
$ |
$ |
$ |
04/23 |
$ |
$ |
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05/23 |
$ |
$ |
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06/23 |
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$ |
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07/23 |
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$ |
$ |
08/23 |
$ |
$ |
$ |
09/23 |
$ |
$ |
$ |
10/23 |
$ |
$ |
$ |
11/23 |
$ |
$ |
$ |
12/23 |
$ |
$ |
$ |
01/24 |
$ |
$ |
$ |
02/24 |
$ |
$ |
$ |
03/24 |
$ |
$ |
$ |
04/24 |
$ |
$ |
$ |
05/24 |
$ |
$ |
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06/24 |
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$ |
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07/24 |
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08/24 |
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$ |
$ |
09/24 |
$ |
$ |
$ |
10/24 |
$ |
$ |
$ |
11/24 |
$ |
$ |
$ |
12/24 |
$ |
$ |
$ |
01/25 |
$ |
$ |
$ |
02/25 |
$ |
$ |
$ |
03/25 |
$ |
$ |
$ |
04/25 |
$ |
$ |
$ |
05/25 |
$ |
$ |
$ |
06/25 |
$ |
$ |
$ |
07/25 |
$ |
$ |
$ |
08/25 |
$ |
$ |
$ |
09/25 |
$ |
$ |
$ |
10/25 |
$ |
$ |
$ |
11/25 |
$ |
$ |
$ |
12/25 |
$ |
$ |
$ |
The S&P 500® Index is an unmanaged index that is representative of the larger-capitalization stocks traded in the United States.
The Russell 1000® Growth Index is an unmanaged index that is representative of the 1,000 top companies by market capitalization in the United States.
Average Annual Total Returns (%)
AATR |
1 Year |
5 Years |
10 Years |
|---|---|---|---|
Institutional Class |
|||
S&P 500® Index |
|||
Russell 1000® Growth Index |
The performance data quoted represent past performance and are no guarantee of future performance. The investment return and principal value of an investment will fluctuate so that an investment, when redeemed, may be worth more or less than its original cost. The performance data includes reinvestments of all dividends and distributions but does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.
Value Line Larger Companies Focused Fund, Inc.
Key Fund Statistics
Total Net Assets |
$ |
|---|---|
# of Portfolio Holdings |
|
Portfolio Turnover Rate |
|
Total Advisory Fees Paid |
$ |
Fund Holdings
Ten Largest Holdings (% of Net Assets)*
NVIDIA Corp. |
|
|---|---|
Meta Platforms, Inc. |
|
Alphabet, Inc. |
|
AppLovin Corp. |
|
Advanced Micro Devices, Inc. |
|
Amazon.com, Inc. |
|
Robinhood Markets, Inc. |
|
Uber Technologies, Inc. |
|
Madrigal Pharmaceuticals, Inc. |
|
Tesla, Inc. |
Asset Allocation (% of Net Assets)
Value |
Value |
|---|---|
Common Stocks |
|
Cash & Other Assets - Net |
Sector Weightings (% of Total Investments In Securities)*
Value |
Value |
|---|---|
Industrials |
|
Financials |
|
Consumer Discretionary |
|
Healthcare |
|
Communication Services |
|
Information Technology |
* Excludes Short-term Investments, if any.
Additional Information
If you wish to view additional information about the Fund, including but not limited to financial statements or holdings, please scan the QR code, visit www.vlfunds.com, email
Value Line Larger Companies Focused Fund, Inc.
Annual Shareholder Report
December 31, 2025
Value Line Larger Companies Focused Fund, Inc.
Investor Class VALLX
What were the Fund costs for last year?
(based on a hypothetical $10,000 investment)
Class Name |
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Investor Class |
$ |
How did the Fund perform last year?
The Fund's Investor Class generated a total return of 28.58% during the 12 months ended December 31, 2025.
• The Fund outperformed the S&P 500® Index (Index) attributable to effective stock selection and sector allocation decisions. The Fund also benefited from its focus on growth companies, which outperformed value-oriented stocks.
• Stock selection in financials, health care and industrials contributed most positively. An overweight to information technology also boosted relative results. Stock selection in communication services and energy and an overweight to consumer discretionary detracted.
• Individual stocks contributing most positively to the Fund’s relative results were Robinhood Markets, a financial services platform operator; AppLovin, a mobile technology company; and Advanced Micro Devices, a semiconductor company. Robinhood Markets enjoyed a triple-digit share price gain on financial performance, product diversification, market expansion and inclusion in the Index in September 2025. AppLovin, a new Fund position, saw a triple-digit share price gain, reflecting its strategic focus on ad technology, financial performance and market expansion. Shares of Advanced Micro Devices saw a robust double-digit gain on its AI partnerships and demand for the company’s AI accelerators.
• Stocks detracting most from the Fund’s relative performance were Strategy, an enterprise analytics software provider that invests in Bitcoin; ServiceNow, a cloud-based solutions provider for digital workflows; and CoreWeave, an AI cloud-computing company—each of which saw a double-digit share price decline. An out-of-Index position in Strategy hurt, reflecting Bitcoin’s price volatility and investor concerns about financing Bitcoin purchases. ServiceNow struggled amid concerns about the impact of AI on its core human resources business and decelerating growth. A new out-of-Index position in CoreWeave was negatively affected by data center delays pressuring its revenue and concerns around its high debt/capital expenditure ratio.
Total Return based on a $10,000 Investment
12/15 |
$ |
$ |
$ |
|---|---|---|---|
01/16 |
$ |
$ |
$ |
02/16 |
$ |
$ |
$ |
03/16 |
$ |
$ |
$ |
04/16 |
$ |
$ |
$ |
05/16 |
$ |
$ |
$ |
06/16 |
$ |
$ |
$ |
07/16 |
$ |
$ |
$ |
08/16 |
$ |
$ |
$ |
09/16 |
$ |
$ |
$ |
10/16 |
$ |
$ |
$ |
11/16 |
$ |
$ |
$ |
12/16 |
$ |
$ |
$ |
01/17 |
$ |
$ |
$ |
02/17 |
$ |
$ |
$ |
03/17 |
$ |
$ |
$ |
04/17 |
$ |
$ |
$ |
05/17 |
$ |
$ |
$ |
06/17 |
$ |
$ |
$ |
07/17 |
$ |
$ |
$ |
08/17 |
$ |
$ |
$ |
09/17 |
$ |
$ |
$ |
10/17 |
$ |
$ |
$ |
11/17 |
$ |
$ |
$ |
12/17 |
$ |
$ |
$ |
01/18 |
$ |
$ |
$ |
02/18 |
$ |
$ |
$ |
03/18 |
$ |
$ |
$ |
04/18 |
$ |
$ |
$ |
05/18 |
$ |
$ |
$ |
06/18 |
$ |
$ |
$ |
07/18 |
$ |
$ |
$ |
08/18 |
$ |
$ |
$ |
09/18 |
$ |
$ |
$ |
10/18 |
$ |
$ |
$ |
11/18 |
$ |
$ |
$ |
12/18 |
$ |
$ |
$ |
01/19 |
$ |
$ |
$ |
02/19 |
$ |
$ |
$ |
03/19 |
$ |
$ |
$ |
04/19 |
$ |
$ |
$ |
05/19 |
$ |
$ |
$ |
06/19 |
$ |
$ |
$ |
07/19 |
$ |
$ |
$ |
08/19 |
$ |
$ |
$ |
09/19 |
$ |
$ |
$ |
10/19 |
$ |
$ |
$ |
11/19 |
$ |
$ |
$ |
12/19 |
$ |
$ |
$ |
01/20 |
$ |
$ |
$ |
02/20 |
$ |
$ |
$ |
03/20 |
$ |
$ |
$ |
04/20 |
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$ |
$ |
05/20 |
$ |
$ |
$ |
06/20 |
$ |
$ |
$ |
07/20 |
$ |
$ |
$ |
08/20 |
$ |
$ |
$ |
09/20 |
$ |
$ |
$ |
10/20 |
$ |
$ |
$ |
11/20 |
$ |
$ |
$ |
12/20 |
$ |
$ |
$ |
01/21 |
$ |
$ |
$ |
02/21 |
$ |
$ |
$ |
03/21 |
$ |
$ |
$ |
04/21 |
$ |
$ |
$ |
05/21 |
$ |
$ |
$ |
06/21 |
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$ |
$ |
07/21 |
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$ |
$ |
08/21 |
$ |
$ |
$ |
09/21 |
$ |
$ |
$ |
10/21 |
$ |
$ |
$ |
11/21 |
$ |
$ |
$ |
12/21 |
$ |
$ |
$ |
01/22 |
$ |
$ |
$ |
02/22 |
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$ |
$ |
03/22 |
$ |
$ |
$ |
04/22 |
$ |
$ |
$ |
05/22 |
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$ |
$ |
06/22 |
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$ |
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07/22 |
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08/22 |
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$ |
$ |
09/22 |
$ |
$ |
$ |
10/22 |
$ |
$ |
$ |
11/22 |
$ |
$ |
$ |
12/22 |
$ |
$ |
$ |
01/23 |
$ |
$ |
$ |
02/23 |
$ |
$ |
$ |
03/23 |
$ |
$ |
$ |
04/23 |
$ |
$ |
$ |
05/23 |
$ |
$ |
$ |
06/23 |
$ |
$ |
$ |
07/23 |
$ |
$ |
$ |
08/23 |
$ |
$ |
$ |
09/23 |
$ |
$ |
$ |
10/23 |
$ |
$ |
$ |
11/23 |
$ |
$ |
$ |
12/23 |
$ |
$ |
$ |
01/24 |
$ |
$ |
$ |
02/24 |
$ |
$ |
$ |
03/24 |
$ |
$ |
$ |
04/24 |
$ |
$ |
$ |
05/24 |
$ |
$ |
$ |
06/24 |
$ |
$ |
$ |
07/24 |
$ |
$ |
$ |
08/24 |
$ |
$ |
$ |
09/24 |
$ |
$ |
$ |
10/24 |
$ |
$ |
$ |
11/24 |
$ |
$ |
$ |
12/24 |
$ |
$ |
$ |
01/25 |
$ |
$ |
$ |
02/25 |
$ |
$ |
$ |
03/25 |
$ |
$ |
$ |
04/25 |
$ |
$ |
$ |
05/25 |
$ |
$ |
$ |
06/25 |
$ |
$ |
$ |
07/25 |
$ |
$ |
$ |
08/25 |
$ |
$ |
$ |
09/25 |
$ |
$ |
$ |
10/25 |
$ |
$ |
$ |
11/25 |
$ |
$ |
$ |
12/25 |
$ |
$ |
$ |
The S&P 500® Index is an unmanaged index that is representative of the larger-capitalization stocks traded in the United States.
The Russell 1000® Growth Index is an unmanaged index that is representative of the 1,000 top companies by market capitalization in the United States.
Average Annual Total Returns (%)
AATR |
1 Year |
5 Years |
10 Years |
|---|---|---|---|
Investor Class |
|||
S&P 500® Index |
|||
Russell 1000® Growth Index |
The performance data quoted represent past performance and are no guarantee of future performance. The investment return and principal value of an investment will fluctuate so that an investment, when redeemed, may be worth more or less than its original cost. The performance data includes reinvestments of all dividends and distributions but does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.
Value Line Larger Companies Focused Fund, Inc.
Key Fund Statistics
Total Net Assets |
$ |
|---|---|
# of Portfolio Holdings |
|
Portfolio Turnover Rate |
|
Total Advisory Fees Paid |
$ |
Fund Holdings
Ten Largest Holdings (% of Net Assets)*
NVIDIA Corp. |
|
|---|---|
Meta Platforms, Inc. |
|
Alphabet, Inc. |
|
AppLovin Corp. |
|
Advanced Micro Devices, Inc. |
|
Amazon.com, Inc. |
|
Robinhood Markets, Inc. |
|
Uber Technologies, Inc. |
|
Madrigal Pharmaceuticals, Inc. |
|
Tesla, Inc. |
Asset Allocation (% of Net Assets)
Value |
Value |
|---|---|
Common Stocks |
|
Cash & Other Assets - Net |
Sector Weightings (% of Total Investments In Securities)*
Value |
Value |
|---|---|
Industrials |
|
Financials |
|
Consumer Discretionary |
|
Healthcare |
|
Communication Services |
|
Information Technology |
* Excludes Short-term Investments, if any.
Additional Information
If you wish to view additional information about the Fund, including but not limited to financial statements or holdings, please scan the QR code, visit www.vlfunds.com, email
Value Line Larger Companies Focused Fund, Inc.
Annual Shareholder Report
December 31, 2025
