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FAM
Fred Alger Management Portfolio holdings
AUM
$22.8B
1-Year Est. Return
64.63%
This Fund
S&P 500
This Quarter
Est. Return
-20.08%
1 Year Est. Return
+64.63%
3 Year Est. Return
+243.99%
5 Year Est. Return
+318.3%
10 Year Est. Return
+1,899.64%
AUM
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AERI
226
DELISTED
Aerie Pharmaceuticals
AERI
| $7.95M | 0.04% |
1,059,565
+549,357
| +108% | +$3.87M |
|
227
Petco
WOOF
$811M
| $7.76M | 0.04% |
526,532
+121,655
| +30% | +$2.21M |
|
228
InMode
INMD
$889M
| $7.65M | 0.04% |
341,550
-716,873
| -68% | -$18.8M |
|
|
FRC
229
DELISTED
First Republic Bank
FRC
| $7.59M | 0.04% |
+52,617
| New | +$7.89M |
|
230
Las Vegas Sands
LVS
$32B
| $7.44M | 0.03% |
+221,614
| New | +$7.67M |
|
231
Nike
NKE
$63.9B
| $7.33M | 0.03% |
71,674
-1,009,658
| -93% | -$119M |
|
|
SEMR
232
DELISTED
Semrush
SEMR
| $7.3M | 0.03% |
564,374
-32,098
| -5% | -$350K |
|
233
Ulta Beauty
ULTA
$21.6B
| $7.29M | 0.03% |
18,922
+71
| +0.4% | +$28.2K |
|
234
Waters Corp
WAT
$37.7B
| $7.18M | 0.03% |
21,685
+21,544
| +15,279% | +$6.84M |
|
235
Chefs' Warehouse
CHEF
$4.09B
| $7.07M | 0.03% |
181,725
-3,665
| -2% | -$129K |
|
236
CF Industries
CF
$18.9B
| $7.02M | 0.03% |
81,898
+48,698
| +147% | +$4.73M |
|
|
RXDX
237
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $6.88M | 0.03% |
243,545
+110,787
| +83% | +$3.21M |
|
238
Tanger
SKT
$4.84B
| $6.86M | 0.03% |
482,381
-63,562
| -12% | -$1.05M |
|
239
Celldex Therapeutics
CLDX
$2.79B
| $6.56M | 0.03% |
243,383
+87,579
| +56% | +$2.54M |
|
240
Goosehead Insurance
GSHD
$1.63B
| $6.51M | 0.03% |
142,654
-31,836
| -18% | -$1.74M |
|
241
SiTime
SITM
$14.7B
| $6.43M | 0.03% |
39,473
+8,379
| +27% | +$1.58M |
|
|
VSXY
242
Victoria's Secret
VSXY
$7.1B
| $6.32M | 0.03% |
225,863
-75,236
| -25% | -$3.26M |
|
243
Five Below
FIVE
$11.5B
| $6.22M | 0.03% |
54,846
-1,073
| -2% | -$154K |
|
|
APLS
244
DELISTED
Apellis Pharmaceuticals
APLS
| $6.17M | 0.03% |
136,499
+67,716
| +98% | +$3.09M |
|
245
Omnicell
OMCL
$1.96B
| $6.13M | 0.03% |
53,889
-19,050
| -26% | -$2.19M |
|
246
Procore
PCOR
$7.37B
| $6.07M | 0.03% |
+133,798
| New | +$6.57M |
|
247
BioMarin Pharmaceuticals
BMRN
$12B
| $5.92M | 0.03% |
71,404
-51,391
| -42% | -$4.09M |
|
248
Icon
ICLR
$13.9B
| $5.85M | 0.03% |
26,997
-588
| -2% | -$132K |
|
249
Broadcom
AVGO
$1.81T
| $5.74M | 0.03% |
118,040
+15,600
| +15% | +$876K |
|
250
LendingTree
TREE
$572M
| $5.7M | 0.03% |
130,094
-119,176
| -48% | -$8.83M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.