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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 | |
|---|---|---|---|---|---|---|
276
Tenet Healthcare
THC
$20.3B
| $3.96M | 0.02% |
+66,696
| New | +$3.71M |
|
277
Comcast
CMCSA
$84B
| $3.89M | 0.02% |
102,629
+5,038
| +5% | +$190K |
|
278
Lam Research
LRCX
$373B
| $3.83M | 0.02% |
72,340
+42,820
| +145% | +$2.1M |
|
279
Baker Hughes
BKR
$59.5B
| $3.78M | 0.02% |
130,910
-271,199
| -67% | -$8.2M |
|
280
Blackstone
BX
$102B
| $3.77M | 0.02% |
42,918
+2,043
| +5% | +$180K |
|
281
Teledyne Technologies
TDY
$30.1B
| $3.74M | 0.02% |
8,360
+2,201
| +36% | +$933K |
|
282
MakeMyTrip
MMYT
$5.37B
| $3.74M | 0.02% |
152,653
+2,200
| +1% | +$58.5K |
|
283
Vertiv
VRT
$87.6B
| $3.7M | 0.02% |
+258,302
| New | +$3.79M |
|
284
Merck
MRK
$321B
| $3.69M | 0.02% |
34,657
-74,703
| -68% | -$8.07M |
|
285
Verizon
VZ
$193B
| $3.63M | 0.02% |
93,273
+4,484
| +5% | +$177K |
|
|
RAPT
286
DELISTED
RAPT Therapeutics
RAPT
| $3.61M | 0.02% |
24,561
+23,790
| +3,086% | +$4.81M |
|
287
Cardinal Health
CAH
$53.2B
| $3.48M | 0.02% |
46,055
-132,127
| -74% | -$9.97M |
|
288
Alibaba
BABA
$279B
| $3.45M | 0.02% |
33,766
+32,194
| +2,048% | +$3.22M |
|
|
VSXY
289
Victoria's Secret
VSXY
$7.01B
| $3.44M | 0.02% |
100,698
-14,911
| -13% | -$553K |
|
290
Domino's
DPZ
$11.7B
| $3.43M | 0.02% |
10,411
-218
| -2% | -$72.6K |
|
291
Champion Homes
SKY
$4.41B
| $3.39M | 0.02% |
45,087
+8
| +0% | +$516 |
|
292
Nu Holdings
NU
$70B
| $3.32M | 0.02% |
697,500
+576,500
| +476% | +$2.57M |
|
|
293
NextEra Energy
NEE
$183B
| $3.29M | 0.02% |
42,674
-2,163,883
| -98% | -$166M |
|
294
McDonald's
MCD
$191B
| $3.2M | 0.02% |
11,450
+945
| +9% | +$253K |
|
295
TotalEnergies
TTE
$193B
| $3.17M | 0.02% |
53,676
+5,330
| +11% | +$328K |
|
296
Walmart Inc
WMT
$884B
| $3.1M | 0.02% |
62,979
+1,998
| +3% | +$94.8K |
|
297
TripAdvisor
TRIP
$1.65B
| $3.07M | 0.02% |
154,547
-88,941
| -37% | -$1.9M |
|
298
Marqeta
MQ
$1.86B
| $3.04M | 0.02% |
166,051
-12,492
| -7% | -$279K |
|
299
Cooper Companies
COO
$14.2B
| $3.02M | 0.02% |
+32,368
| New | +$2.78M |
|
300
Pfizer
PFE
$142B
| $2.98M | 0.02% |
73,022
+7,400
| +11% | +$320K |
|
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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.