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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Johnson & Johnson
JNJ
$640B
| $5.56M | 0.03% |
35,686
-4,062
| -10% | -$670K |
|
227
Inogen
INGN
$174M
| $5.55M | 0.03% |
1,064,146
-13,372
| -1% | -$95K |
|
228
Avantor
AVTR
$9.73B
| $5.47M | 0.03% |
+259,597
| New | +$5.52M |
|
229
Alger 35 ETF
ATFV
$200M
| $5.45M | 0.03% |
375,537
+6,398
| +2% | +$98K |
|
230
Blackrock
BLK
$167B
| $5.41M | 0.03% |
8,375
| – | – |
|
231
Cintas
CTAS
$86.6B
| $5.26M | 0.03% |
43,764
-15,652
| -26% | -$1.95M |
|
232
Webster Financial
WBS
$12.3B
| $5.15M | 0.03% |
127,764
+85
| +0.1% | +$3.62K |
|
233
Axos Financial
AX
$5.58B
| $5.12M | 0.03% |
135,186
-2,732
| -2% | -$116K |
|
234
ASML
ASML
$596B
| $5.1M | 0.03% |
8,658
-1,621
| -16% | -$1.08M |
|
235
Deckers Outdoor
DECK
$14.1B
| $5.08M | 0.03% |
59,286
-15,294
| -21% | -$1.37M |
|
236
Zscaler
ZS
$24.9B
| $5.05M | 0.03% |
+32,452
| New | +$4.87M |
|
237
Structure Therapeutics
GPCR
$3.37B
| $5.01M | 0.03% |
99,340
+88,828
| +845% | +$2.86M |
|
238
Blackstone
BX
$104B
| $4.98M | 0.03% |
46,478
+3,560
| +8% | +$371K |
|
|
AXON
239
Axon Enterprise
AXON
$42.8B
| $4.95M | 0.03% |
24,890
-235,977
| -90% | -$46.4M |
|
240
Qualcomm
QCOM
$164B
| $4.88M | 0.03% |
43,927
-231
| -0.5% | -$26.8K |
|
241
TransUnion
TRU
$16B
| $4.87M | 0.03% |
67,849
+14,426
| +27% | +$1.13M |
|
242
NVR
NVR
$17.1B
| $4.87M | 0.03% |
816
+22
| +3% | +$137K |
|
|
VSXY
243
Victoria's Secret
VSXY
$7.09B
| $4.79M | 0.03% |
287,239
+188,921
| +192% | +$3.57M |
|
244
Procore
PCOR
$7.57B
| $4.77M | 0.03% |
+72,952
| New | +$4.87M |
|
245
Comcast
CMCSA
$87.3B
| $4.75M | 0.03% |
107,059
| – | – |
|
246
Mettler-Toledo International
MTD
$28.1B
| $4.72M | 0.03% |
4,260
-206
| -5% | -$252K |
|
247
HDFC Bank
HDB
$123B
| $4.63M | 0.03% |
157,070
+26,600
| +20% | +$866K |
|
248
Cloudflare
NET
$96B
| $4.44M | 0.03% |
70,396
-33,856
| -32% | -$2.17M |
|
249
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $4.38M | 0.03% |
376,967
+77,555
| +26% | +$965K |
|
|
KRTX
250
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $4.35M | 0.03% |
25,706
-6
| -0% | -$1.13K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.