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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSCI icon
226
MSCI
MSCI
$41.9B
$7.13M 0.04%
12,718
-4,277
-25% -$2.4M
OKTA icon
227
Okta
OKTA
$24.4B
$7.04M 0.03%
+67,322
New +$6.21M
SNPS icon
228
Synopsys
SNPS
$71.3B
$6.95M 0.03%
12,169
+11,246
+1,218% +$6.19M
NVR icon
229
NVR
NVR
$16.8B
$6.93M 0.03%
856
+12
+1% +$89.1K
ORLY icon
230
O'Reilly Automotive
ORLY
$72.4B
$6.91M 0.03%
91,770
-135
-0.1% -$9.44K
MTD icon
231
Mettler-Toledo International
MTD
$27.9B
$6.84M 0.03%
5,138
+1,686
+49% +$2.08M
TYL icon
232
Tyler Technologies
TYL
$13.3B
$6.82M 0.03%
16,041
+1
+0% +$427
CAH icon
233
Cardinal Health
CAH
$53.2B
$6.82M 0.03%
60,907
+6,102
+11% +$658K
BAC icon
234
Bank of America
BAC
$433B
$6.77M 0.03%
178,432
+21,462
+14% +$737K
BLKB icon
235
Blackbaud
BLKB
$1.84B
$6.6M 0.03%
89,084
-1,948
-2% -$149K
DELL icon
236
Dell
DELL
$262B
$6.56M 0.03%
57,470
-355,720
-86% -$33.2M
MIDD icon
237
Middleby
MIDD
$6.03B
$6.53M 0.03%
40,642
-1,297
-3% -$191K
JNJ icon
238
Johnson & Johnson
JNJ
$617B
$6.4M 0.03%
40,480
+4,848
+14% +$772K
INGN icon
239
Inogen
INGN
$174M
$6.24M 0.03%
773,513
-17,458
-2% -$124K
IBN icon
240
ICICI Bank
IBN
$109B
$6M 0.03%
+227,153
New +$5.67M
LRCX icon
241
Lam Research
LRCX
$372B
$5.97M 0.03%
61,440
-2,110
-3% -$186K
APD icon
242
Air Products & Chemicals
APD
$66.8B
$5.92M 0.03%
24,433
+1,667
+7% +$408K
KO icon
243
Coca-Cola
KO
$381B
$5.81M 0.03%
94,918
+13,431
+16% +$807K
BJ icon
244
BJs Wholesale Club
BJ
$12.6B
$5.48M 0.03%
72,400
-46,375
-39% -$3.23M
ZS icon
245
Zscaler
ZS
$24B
$5.42M 0.03%
28,160
+6,614
+31% +$1.48M
VSXY
246
Victoria's Secret
VSXY
$7.01B
$5.39M 0.03%
278,320
-6,258
-2% -$154K
CMCSA icon
247
Comcast
CMCSA
$84B
$5.32M 0.03%
122,762
+11,276
+10% +$486K
NU icon
248
Nu Holdings
NU
$70B
$5.26M 0.03%
441,305
-449,589
-50% -$4.59M
NEOG icon
249
Neogen
NEOG
$2.51B
$5.25M 0.03%
332,767
-157,776
-32% -$2.64M
SWIM icon
250
Latham Group
SWIM
$632M
$5.25M 0.03%
1,324,575
-820
-0.1% -$2.34K
8 9
10
11 12

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.