Fred Alger Management’s MODEL N, INC. MODN Stock Holding History

Fred Alger Management’s Portfolio MODN Stock Details MODN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q3	–	Sell	-852,422	Closed	-$30.1M	–	557
2023 Q2	$30.1M	Buy	852,422 +186,398	+28%	+$5.99M	0.15%	137
2023 Q1	$22.3M	Sell	666,024 -117,963	-15%	-$4.3M	0.12%	158
2022 Q4	$31.8M	Buy	+783,987	New	+$29.5M	0.17%	141
2021 Q1	–	Sell	-3,628,476	Closed	-$129M	–	518
2020 Q4	$129M	Buy	3,628,476 +178,676	+5%	+$6.19M	0.34%	95
2020 Q3	$122M	Buy	3,449,800 +177,115	+5%	+$6.69M	0.35%	80
2020 Q2	$114M	Buy	3,272,685 +1,271,737	+64%	+$37.1M	0.37%	74
2020 Q1	$44.4M	Buy	2,000,948 +828,875	+71%	+$24.2M	0.2%	113
2019 Q4	$41.1M	Buy	+1,172,073	New	+$35.7M	0.15%	136

Other funds holding MODN

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

CCA

Conestoga Capital Advisors Wayne, Pennsylvania $5.01B AUM 6.26% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

FLAM

First Light Asset Management Edina, Minnesota $1.12B AUM 114.45% 1-Year Est. Return

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

RIM

Ranger Investment Management Dallas, Texas $1.38B AUM 24.55% 1-Year Est. Return

Fred Alger Management's MODN Position: Q3 2023 in Review

Fred Alger Management sold out of MODEL N, INC. (MODN) in Q3 2023, closing a stake of 852,422 shares — an estimated $30.1M sold.

Fred Alger Management first reported a position in MODN in Q4 2019 and held it in 8 quarters. The position peaked at $129M in Q4 2020. 174 funds tracked by Wall St. Rank hold MODN as of Q3 2023.

Fred Alger Management reported no remaining MODEL N, INC. position as of Q3 2023 after selling out during the quarter.
Fred Alger Management sold 852,422 MODEL N, INC. shares in Q3 2023, an estimated $30.1M.
Fred Alger Management first reported a position in MODEL N, INC. in Q4 2019 and held it in 8 quarters.
Fred Alger Management's MODEL N, INC. position peaked at $129M in Q4 2020.
174 funds tracked by Wall St. Rank held MODEL N, INC. as of Q3 2023.

Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.