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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Coca-Cola
KO
$380B
| $6.5M | 0.03% |
102,078
+7,160
| +8% | +$443K |
|
227
O'Reilly Automotive
ORLY
$75.6B
| $6.46M | 0.03% |
91,770
| – | – |
|
228
Procore
PCOR
$7.37B
| $6.39M | 0.03% |
96,431
-9,586
| -9% | -$665K |
|
229
NVR
NVR
$17.3B
| $6.39M | 0.03% |
842
-14
| -2% | -$107K |
|
230
ICICI Bank
IBN
$109B
| $6.36M | 0.03% |
220,719
-6,434
| -3% | -$172K |
|
231
Johnson & Johnson
JNJ
$643B
| $6.28M | 0.03% |
42,968
+2,488
| +6% | +$370K |
|
232
BJs Wholesale Club
BJ
$12.4B
| $6.27M | 0.03% |
71,410
-990
| -1% | -$80.2K |
|
233
Inogen
INGN
$174M
| $5.95M | 0.03% |
732,319
-41,194
| -5% | -$319K |
|
234
Guardant Health
GH
$19B
| $5.73M | 0.03% |
198,468
+64,206
| +48% | +$1.5M |
|
235
Nu Holdings
NU
$70.9B
| $5.48M | 0.03% |
425,476
-15,829
| -4% | -$184K |
|
|
XIFR
236
XPLR Infrastructure LP
XIFR
$1.11B
| $5.45M | 0.03% |
+197,240
| New | +$5.98M |
|
237
ACI Worldwide
ACIW
$6.1B
| $5.44M | 0.03% |
137,447
-756
| -0.5% | -$26.3K |
|
238
HealthEquity
HQY
$8.46B
| $5.3M | 0.03% |
61,469
-598
| -1% | -$48.3K |
|
|
BPMC
239
DELISTED
Blueprint Medicines
BPMC
| $5.24M | 0.03% |
48,588
+31,675
| +187% | +$3.17M |
|
240
908 Devices
MASS
$288M
| $5.18M | 0.03% |
1,006,237
-10,165
| -1% | -$61.4K |
|
241
MSCI
MSCI
$42.1B
| $5.12M | 0.02% |
10,638
-2,080
| -16% | -$1.03M |
|
242
Comcast
CMCSA
$85.8B
| $5.07M | 0.02% |
129,580
+6,818
| +6% | +$267K |
|
243
ODDITY Tech
ODD
$784M
| $5.01M | 0.02% |
127,559
-131,076
| -51% | -$4.88M |
|
244
MongoDB
MDB
$25B
| $4.99M | 0.02% |
19,979
-206,275
| -91% | -$65.1M |
|
245
Verizon
VZ
$201B
| $4.97M | 0.02% |
120,574
+7,809
| +7% | +$315K |
|
246
Apollo Global Management
APO
$71.9B
| $4.91M | 0.02% |
41,597
-30,804
| -43% | -$3.5M |
|
|
VSXY
247
Victoria's Secret
VSXY
$7.1B
| $4.84M | 0.02% |
274,148
-4,172
| -1% | -$79.4K |
|
|
CHX
248
DELISTED
ChampionX
CHX
| $4.84M | 0.02% |
145,761
-1,458,067
| -91% | -$49.7M |
|
249
Alger Mid Cap 40 ETF
FRTY
$140M
| $4.82M | 0.02% |
300,159
-4,422
| -1% | -$70.3K |
|
250
West Pharmaceutical
WST
$23.7B
| $4.82M | 0.02% |
14,618
-37,150
| -72% | -$13.1M |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.