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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Coca-Cola
KO
$383B
| $4.32M | 0.02% |
77,258
| – | – |
|
252
Monolithic Power Systems
MPWR
$61.4B
| $4.32M | 0.02% |
9,352
+2,206
| +31% | +$1.13M |
|
253
Cisco
CSCO
$443B
| $4.3M | 0.02% |
79,944
-449
| -0.6% | -$24.2K |
|
254
Bumble
BMBL
$387M
| $4.26M | 0.02% |
285,348
+170,516
| +148% | +$2.88M |
|
255
Affiliated Managers Group
AMG
$9.51B
| $4.22M | 0.02% |
32,366
+16,022
| +98% | +$2.24M |
|
|
ABCM
256
DELISTED
Abcam PLC
ABCM
| $4.12M | 0.02% |
182,111
-3,556,465
| -95% | -$81.8M |
|
257
Lam Research
LRCX
$316B
| $4.12M | 0.02% |
65,740
-970
| -1% | -$63.7K |
|
258
CrowdStrike
CRWD
$183B
| $4.08M | 0.02% |
97,440
-21,892
| -18% | -$851K |
|
259
Crown Castle
CCI
$34.6B
| $4.06M | 0.02% |
44,167
+12,092
| +38% | +$1.25M |
|
|
BCPC
260
Balchem Corp
BCPC
$5.26B
| $4.05M | 0.02% |
32,612
-57,339
| -64% | -$7.62M |
|
261
Bank of America
BAC
$429B
| $4.02M | 0.02% |
146,904
| – | – |
|
262
MYR Group
MYRG
$5.01B
| $4.02M | 0.02% |
+29,807
| New | +$4.22M |
|
|
GRFS
263
Grifois
GRFS
$5.55B
| $4.01M | 0.02% |
439,068
+44,000
| +11% | +$430K |
|
264
Teleflex
TFX
$5.96B
| $4.01M | 0.02% |
20,409
+5,341
| +35% | +$1.21M |
|
265
Alger Mid Cap 40 ETF
FRTY
$137M
| $3.95M | 0.02% |
326,089
-5,776
| -2% | -$73.3K |
|
266
On Holding
ONON
$12.6B
| $3.95M | 0.02% |
141,938
-163,910
| -54% | -$5.19M |
|
267
Latham Group
SWIM
$660M
| $3.91M | 0.02% |
1,397,721
-28,056
| -2% | -$102K |
|
268
Hexcel
HXL
$7.97B
| $3.91M | 0.02% |
60,015
-19
| -0% | -$1.35K |
|
|
EXAS
269
DELISTED
Exact Sciences
EXAS
| $3.89M | 0.02% |
57,019
-53,405
| -48% | -$4.53M |
|
270
Spotify
SPOT
$108B
| $3.84M | 0.02% |
24,828
+19,695
| +384% | +$3M |
|
271
First Solar
FSLR
$21.4B
| $3.83M | 0.02% |
23,729
-302,463
| -93% | -$56.4M |
|
|
NUVL
272
DELISTED
Nuvalent
NUVL
| $3.68M | 0.02% |
80,037
+69,654
| +671% | +$3.09M |
|
|
NVEE
273
DELISTED
NV5 Global
NVEE
| $3.63M | 0.02% |
150,736
+83,156
| +123% | +$2.14M |
|
274
BioMarin Pharmaceuticals
BMRN
$11.9B
| $3.62M | 0.02% |
40,882
-6,715
| -14% | -$597K |
|
275
Lindblad Expeditions
LIND
$1.95B
| $3.61M | 0.02% |
+501,133
| New | +$4.77M |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.