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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
VLTO icon
251
Veralto
VLTO
$23.1B
$4.62M 0.02%
41,305
+10,483
+34% +$1.11M
ACIW icon
252
ACI Worldwide
ACIW
$5.86B
$4.5M 0.02%
88,342
-49,105
-36% -$2.24M
IDCC icon
253
InterDigital
IDCC
$7.84B
$4.37M 0.02%
30,878
+4,101
+15% +$538K
MO icon
254
Altria Group
MO
$113B
$4.33M 0.02%
84,863
+3,063
+4% +$155K
SBUX icon
255
Starbucks
SBUX
$121B
$4.33M 0.02%
44,390
+1,740
+4% +$149K
WST icon
256
West Pharmaceutical
WST
$23.9B
$4.23M 0.02%
14,094
-524
-4% -$160K
CPRI icon
257
Capri Holdings
CPRI
$1.82B
$4.22M 0.02%
99,494
-863
-0.9% -$30.3K
FN icon
258
Fabrinet
FN
$15.7B
$4.21M 0.02%
17,800
-66,425
-79% -$15.4M
FISV
259
Fiserv Inc
FISV
$28.8B
$4.19M 0.02%
23,307
-39,163
-63% -$6.46M
DUOL icon
260
Duolingo
DUOL
$6.22B
$4.17M 0.02%
14,797
+4,878
+49% +$1M
LAMR icon
261
Lamar Advertising Co
LAMR
$16.3B
$4.13M 0.02%
30,888
+1,458
+5% +$178K
MDB icon
262
MongoDB
MDB
$26.2B
$4.1M 0.02%
15,176
-4,803
-24% -$1.25M
VRNS icon
263
Varonis Systems
VRNS
$4.58B
$4.08M 0.02%
72,294
+10,255
+17% +$539K
MMYT icon
264
MakeMyTrip
MMYT
$5.37B
$4.04M 0.02%
43,487
-69,966
-62% -$6.6M
CAKE icon
265
Cheesecake Factory
CAKE
$5.03B
$3.96M 0.02%
97,765
+60,100
+160% +$2.29M
GRMN
266
Garmin
GRMN
$57.4B
$3.95M 0.02%
22,458
+1,035
+5% +$179K
SRE icon
267
Sempra
SRE
$58.6B
$3.95M 0.02%
47,214
+2,189
+5% +$175K
PM icon
268
Philip Morris
PM
$299B
$3.93M 0.02%
32,390
+1,492
+5% +$173K
OSCR icon
269
Oscar Health
OSCR
$9.42B
$3.9M 0.02%
183,828
-70,056
-28% -$1.26M
BBY icon
270
Best Buy
BBY
$18.5B
$3.88M 0.02%
37,578
-6,311
-14% -$569K
RYAN icon
271
Ryan Specialty Holdings
RYAN
$5.71B
$3.83M 0.02%
57,727
+4,709
+9% +$294K
JCI icon
272
Johnson Controls International
JCI
$87.8B
$3.82M 0.02%
49,233
+7,881
+19% +$553K
NRIX icon
273
Nurix Therapeutics
NRIX
$2.45B
$3.73M 0.02%
166,014
+127,948
+336% +$2.9M
OKE icon
274
Oneok
OKE
$56.1B
$3.69M 0.02%
40,470
– –
HIG icon
275
Hartford Financial Services
HIG
$39.2B
$3.68M 0.02%
31,328
– –
9 10
11
12 13

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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.