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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Dynatrace
DT
$12.7B
| $3.99M | 0.02% |
+114,562
| New | +$4.43M |
|
277
Blackrock
BLK
$167B
| $3.99M | 0.02% |
7,244
+785
| +12% | +$514K |
|
278
ExxonMobil
XOM
$650B
| $3.95M | 0.02% |
45,232
+5,790
| +15% | +$529K |
|
279
Coca-Cola
KO
$383B
| $3.9M | 0.02% |
69,656
+7,116
| +11% | +$442K |
|
280
Petco
WOOF
$797M
| $3.82M | 0.02% |
342,175
-184,357
| -35% | -$2.69M |
|
281
Bank of America
BAC
$429B
| $3.74M | 0.02% |
123,770
+16,033
| +15% | +$536K |
|
282
Sunrun
RUN
$2.26B
| $3.73M | 0.02% |
135,388
-269
| -0.2% | -$8.37K |
|
283
Air Products & Chemicals
APD
$65.5B
| $3.73M | 0.02% |
16,014
+1,890
| +13% | +$468K |
|
284
Goosehead Insurance
GSHD
$2.51B
| $3.73M | 0.02% |
104,520
-38,134
| -27% | -$1.98M |
|
285
MakeMyTrip
MMYT
$5.38B
| $3.72M | 0.02% |
+121,233
| New | +$3.74M |
|
286
Upwork
UPWK
$1.18B
| $3.47M | 0.02% |
254,963
-29
| -0% | -$545 |
|
287
GXO Logistics
GXO
$5.93B
| $3.46M | 0.02% |
98,583
-425,468
| -81% | -$18.8M |
|
288
Waters Corp
WAT
$37.3B
| $3.39M | 0.02% |
12,580
-9,105
| -42% | -$2.91M |
|
289
BioMarin Pharmaceuticals
BMRN
$11.9B
| $3.28M | 0.02% |
38,686
-32,718
| -46% | -$2.91M |
|
290
HDFC Bank
HDB
$123B
| $3.2M | 0.02% |
109,456
-44,254
| -29% | -$1.36M |
|
291
Verizon
VZ
$197B
| $3.18M | 0.02% |
83,661
+11,928
| +17% | +$531K |
|
292
Hexcel
HXL
$7.97B
| $3.17M | 0.02% |
61,235
| – | – |
|
293
Onto Innovation
ONTO
$10.9B
| $3.15M | 0.02% |
49,242
-26,233
| -35% | -$1.93M |
|
294
Privia Health
PRVA
$3.04B
| $3.13M | 0.02% |
91,988
| – | – |
|
|
AKYA
295
DELISTED
Akoya BioSciences
AKYA
| $3.13M | 0.02% |
266,459
| – | – |
|
296
LendingTree
TREE
$551M
| $3.09M | 0.02% |
129,592
-502
| -0.4% | -$19.6K |
|
297
Lam Research
LRCX
$316B
| $3.05M | 0.02% |
83,430
-2,087,980
| -96% | -$93M |
|
298
Blackstone
BX
$104B
| $3.04M | 0.02% |
36,267
+3,092
| +9% | +$299K |
|
299
Latham Group
SWIM
$660M
| $3.03M | 0.02% |
843,702
-922,724
| -52% | -$5.27M |
|
|
JBIO
300
Jade Biosciences
JBIO
$1.18B
| $3.02M | 0.02% |
5,208
+274
| +6% | +$183K |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.