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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Middleby
MIDD
$6.01B
| $6.17M | 0.03% |
41,939
-2,596
| -6% | -$330K |
|
227
ACI Worldwide
ACIW
$6.12B
| $6.07M | 0.03% |
198,219
-54,412
| -22% | -$1.36M |
|
228
AutoZone
AZO
$51.3B
| $5.93M | 0.03% |
2,293
-397
| -15% | -$1.03M |
|
229
Monolithic Power Systems
MPWR
$61.4B
| $5.93M | 0.03% |
9,399
+47
| +0.5% | +$24.6K |
|
230
NVR
NVR
$17.1B
| $5.91M | 0.03% |
844
+28
| +3% | +$173K |
|
231
Lattice Semiconductor
LSCC
$16B
| $5.85M | 0.03% |
84,801
+17,280
| +26% | +$1.15M |
|
232
O'Reilly Automotive
ORLY
$75.1B
| $5.82M | 0.03% |
91,905
| – | – |
|
233
ExxonMobil
XOM
$650B
| $5.72M | 0.03% |
57,220
+3,994
| +8% | +$420K |
|
234
dLocal
DLO
$4.29B
| $5.7M | 0.03% |
321,943
-2,381
| -0.7% | -$42.6K |
|
|
RAPT
235
DELISTED
RAPT Therapeutics
RAPT
| $5.66M | 0.03% |
28,475
+17,753
| +166% | +$2.2M |
|
236
Johnson & Johnson
JNJ
$640B
| $5.58M | 0.03% |
35,632
-54
| -0.2% | -$8.28K |
|
237
Cardinal Health
CAH
$53.7B
| $5.52M | 0.03% |
54,805
+30,404
| +125% | +$3.02M |
|
238
Bank of America
BAC
$429B
| $5.29M | 0.03% |
156,970
+10,066
| +7% | +$293K |
|
239
HDFC Bank
HDB
$123B
| $5.27M | 0.03% |
157,108
+38
| +0% | +$1.15K |
|
240
Capri Holdings
CPRI
$1.82B
| $5.22M | 0.03% |
103,967
-73,963
| -42% | -$3.69M |
|
241
Ryan Specialty Holdings
RYAN
$6.02B
| $5.19M | 0.03% |
120,578
-3,513
| -3% | -$158K |
|
242
Mercury Systems
MRCY
$5.41B
| $5.09M | 0.03% |
139,084
-18,796
| -12% | -$678K |
|
|
GRFS
243
Grifois
GRFS
$5.55B
| $5.08M | 0.03% |
439,068
| – | – |
|
244
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $5.01M | 0.03% |
373,118
-3,849
| -1% | -$45.5K |
|
245
Lam Research
LRCX
$316B
| $4.98M | 0.03% |
63,550
-2,190
| -3% | -$149K |
|
246
BridgeBio Pharma
BBIO
$16.4B
| $4.96M | 0.03% |
122,797
-8,826
| -7% | -$265K |
|
247
BILL Holdings
BILL
$4.72B
| $4.96M | 0.03% |
60,739
-25,633
| -30% | -$2.1M |
|
248
Comcast
CMCSA
$87.3B
| $4.89M | 0.03% |
111,486
+4,427
| +4% | +$190K |
|
|
BCPC
249
Balchem Corp
BCPC
$5.26B
| $4.85M | 0.03% |
32,579
-33
| -0.1% | -$4.22K |
|
250
Coca-Cola
KO
$383B
| $4.8M | 0.03% |
81,487
+4,229
| +5% | +$240K |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.