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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Agilent Technologies
A
$39.2B
| $5.25M | 0.03% |
37,952
-51,072
| -57% | -$7.47M |
|
252
Webster Financial
WBS
$12.5B
| $5.16M | 0.03% |
130,780
+127
| +0.1% | +$6.1K |
|
253
Rivian
RIVN
$24.4B
| $5.13M | 0.03% |
+331,471
| New | +$5.6M |
|
254
Madrigal Pharmaceuticals
MDGL
$11.4B
| $5.05M | 0.03% |
20,866
+4,746
| +29% | +$1.29M |
|
|
VTYX
255
DELISTED
Ventyx Biosciences
VTYX
| $4.91M | 0.03% |
146,675
+118,385
| +418% | +$4.6M |
|
256
TechTarget
TTGT
$325M
| $4.88M | 0.03% |
135,225
+1,874
| +1% | +$78.4K |
|
257
Coca-Cola
KO
$381B
| $4.79M | 0.03% |
77,258
+2,705
| +4% | +$164K |
|
|
KRTX
258
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $4.79M | 0.03% |
26,368
+4
| +0% | +$765 |
|
259
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $4.78M | 0.03% |
201,533
-1,185,997
| -85% | -$35.3M |
|
260
Snowflake
SNOW
$103B
| $4.77M | 0.03% |
30,929
-801,116
| -96% | -$117M |
|
261
Zoetis
ZTS
$31.9B
| $4.57M | 0.02% |
27,445
+22,961
| +512% | +$3.76M |
|
262
NVR
NVR
$16.8B
| $4.51M | 0.02% |
+809
| New | +$4.18M |
|
263
MongoDB
MDB
$26.2B
| $4.5M | 0.02% |
19,314
+13,003
| +206% | +$2.73M |
|
264
Align Technology
ALGN
$12.4B
| $4.3M | 0.02% |
12,873
+12,765
| +11,819% | +$3.77M |
|
265
Crown Castle
CCI
$33.4B
| $4.29M | 0.02% |
32,075
-154,210
| -83% | -$21.3M |
|
|
MORF
266
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $4.26M | 0.02% |
+113,287
| New | +$4.17M |
|
267
Gates Industrial Corporation Ltd.
GTES
$6.53B
| $4.26M | 0.02% |
306,914
+109
| +0% | +$1.45K |
|
268
JD.com
JD
$43.6B
| $4.24M | 0.02% |
96,697
-61,631
| -39% | -$3.18M |
|
269
Cisco
CSCO
$448B
| $4.2M | 0.02% |
80,393
+3,932
| +5% | +$192K |
|
270
Bank of America
BAC
$433B
| $4.2M | 0.02% |
146,904
+11,516
| +9% | +$380K |
|
271
Hexcel
HXL
$7.78B
| $4.18M | 0.02% |
61,279
+16
| +0% | +$1.08K |
|
272
Alger Mid Cap 40 ETF
FRTY
$142M
| $4.16M | 0.02% |
341,700
| – | – |
|
273
Latham Group
SWIM
$632M
| $4.13M | 0.02% |
1,443,710
+9,268
| +0.6% | +$32.5K |
|
274
HDFC Bank
HDB
$124B
| $3.98M | 0.02% |
119,470
| – | – |
|
|
CTRA
275
DELISTED
Coterra Energy
CTRA
| $3.97M | 0.02% |
161,947
+65
| +0% | +$1.6K |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.