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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
226
Comcast
CMCSA
$87.3B
$5.6M 0.03%
134,166
+4,586
+4% +$181K
CSCO icon
227
Cisco
CSCO
$443B
$5.59M 0.03%
105,069
+4,759
+5% +$231K
MCD icon
228
McDonald's
MCD
$193B
$5.58M 0.03%
18,331
+776
+4% +$214K
VZ icon
229
Verizon
VZ
$197B
$5.57M 0.03%
124,094
+3,520
+3% +$147K
FIX icon
230
Comfort Systems
FIX
$53.5B
$5.53M 0.03%
14,176
+2,370
+20% +$781K
ENVX icon
231
Enovix
ENVX
$803M
$5.5M 0.03%
672,702
+646,512
+2,469% +$6.71M
HUBS icon
232
HubSpot
HUBS
$12.9B
$5.49M 0.03%
10,323
-152,968
-94% -$76.8M
BMY icon
233
Bristol-Myers Squibb
BMY
$129B
$5.29M 0.03%
102,293
+60,797
+147% +$2.85M
SPG icon
234
Simon Property Group
SPG
$76.4B
$5.21M 0.03%
30,837
+1,178
+4% +$187K
FIVE icon
235
Five Below
FIVE
$11.6B
$5.18M 0.03%
+58,673
New +$4.94M
LRMR icon
236
Larimar Therapeutics
LRMR
$377M
$5.15M 0.03%
786,588
-146,906
-16% -$1.18M
FRTY icon
237
Alger Mid Cap 40 ETF
FRTY
$137M
$5.06M 0.02%
295,838
-4,321
-1% -$69.7K
BJ icon
238
BJs Wholesale Club
BJ
$12.8B
$4.99M 0.02%
60,518
-10,892
-15% -$921K
ABT icon
239
Abbott
ABT
$187B
$4.94M 0.02%
+43,301
New +$4.75M
SCCO icon
240
Southern Copper
SCCO
$138B
$4.91M 0.02%
45,085
+2,959
+7% +$291K
CCI icon
241
Crown Castle
CCI
$34.6B
$4.9M 0.02%
41,329
+1,111
+3% +$122K
RH icon
242
RH
RH
$3.33B
$4.9M 0.02%
14,649
-4,915
-25% -$1.35M
MRK icon
243
Merck
MRK
$322B
$4.84M 0.02%
42,626
-50,673
-54% -$6.02M
ORCL icon
244
Oracle
ORCL
$339B
$4.81M 0.02%
28,210
+1,240
+5% +$180K
TTE icon
245
TotalEnergies
TTE
$193B
$4.81M 0.02%
74,388
+4,846
+7% +$329K
UNP icon
246
Union Pacific
UNP
$174B
$4.73M 0.02%
19,192
-31
-0.2% -$7.52K
W icon
247
Wayfair
W
$11.8B
$4.68M 0.02%
83,347
-3,078
-4% -$148K
NEE icon
248
NextEra Energy
NEE
$185B
$4.68M 0.02%
55,308
-124,493
-69% -$9.72M
PODD icon
249
Insulet
PODD
$11.8B
$4.64M 0.02%
19,943
-30,385
-60% -$6.24M
BL icon
250
BlackLine
BL
$1.9B
$4.62M 0.02%
83,811
-462,082
-85% -$22.7M
8 9
10
11 12

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.