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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Welltower
WELL
$174B
| $4.8M | 0.03% |
53,191
+23,366
| +78% | +$2.03M |
|
252
Procore
PCOR
$7.57B
| $4.78M | 0.03% |
69,106
-3,846
| -5% | -$237K |
|
253
Molina Healthcare
MOH
$10.4B
| $4.78M | 0.03% |
+13,223
| New | +$4.66M |
|
254
Zscaler
ZS
$24.9B
| $4.77M | 0.03% |
21,546
-10,906
| -34% | -$2.02M |
|
255
Union Pacific
UNP
$174B
| $4.59M | 0.02% |
18,696
+1,159
| +7% | +$255K |
|
256
iShares Russell 2000 Growth ETF
IWO
$14.1B
| $4.56M | 0.02% |
18,084
+16,702
| +1,209% | +$3.76M |
|
257
Five Below
FIVE
$11.6B
| $4.51M | 0.02% |
21,147
+11,063
| +110% | +$2.03M |
|
258
Bentley Systems
BSY
$11.2B
| $4.47M | 0.02% |
85,633
-49,569
| -37% | -$2.55M |
|
259
HealthEquity
HQY
$8.71B
| $4.43M | 0.02% |
66,888
-117,313
| -64% | -$8.13M |
|
260
Hexcel
HXL
$7.97B
| $4.39M | 0.02% |
59,518
-497
| -0.8% | -$33.6K |
|
261
Inogen
INGN
$174M
| $4.34M | 0.02% |
790,971
-273,175
| -26% | -$1.44M |
|
262
Alger Mid Cap 40 ETF
FRTY
$137M
| $4.31M | 0.02% |
319,553
-6,536
| -2% | -$81.7K |
|
263
Cisco
CSCO
$443B
| $4.2M | 0.02% |
83,069
+3,125
| +4% | +$160K |
|
264
McDonald's
MCD
$193B
| $4.19M | 0.02% |
14,136
+2,686
| +23% | +$731K |
|
265
Madrigal Pharmaceuticals
MDGL
$12.6B
| $4.19M | 0.02% |
18,097
-1,767
| -9% | -$309K |
|
266
Mettler-Toledo International
MTD
$28.1B
| $4.19M | 0.02% |
3,452
-808
| -19% | -$874K |
|
267
Bumble
BMBL
$387M
| $4.16M | 0.02% |
282,387
-2,961
| -1% | -$42K |
|
268
QuidelOrtho
QDEL
$1.13B
| $4.12M | 0.02% |
55,943
-77,628
| -58% | -$5.25M |
|
|
NVEE
269
DELISTED
NV5 Global
NVEE
| $4.05M | 0.02% |
145,816
-4,920
| -3% | -$125K |
|
270
CrowdStrike
CRWD
$183B
| $4.05M | 0.02% |
63,420
-34,020
| -35% | -$1.78M |
|
271
Merck
MRK
$322B
| $4.03M | 0.02% |
36,995
+2,612
| +8% | +$271K |
|
272
TotalEnergies
TTE
$193B
| $3.94M | 0.02% |
58,491
+4,815
| +9% | +$321K |
|
273
On Holding
ONON
$12.6B
| $3.78M | 0.02% |
140,101
-1,837
| -1% | -$50K |
|
274
Verizon
VZ
$197B
| $3.74M | 0.02% |
99,220
+6,523
| +7% | +$231K |
|
275
Marqeta
MQ
$1.93B
| $3.69M | 0.02% |
132,071
-1,141
| -0.9% | -$27.3K |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% 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 Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.