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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Domino's
DPZ
$11.6B
| $3.76M | 0.02% |
11,144
+733
| +7% | +$231K |
|
277
Magnite
MGNI
$2.82B
| $3.72M | 0.02% |
272,714
-6,605
| -2% | -$73.5K |
|
278
Crown Castle
CCI
$33.1B
| $3.65M | 0.02% |
32,075
| – | – |
|
279
Teleflex
TFX
$5.94B
| $3.65M | 0.02% |
15,068
+9,011
| +149% | +$2.26M |
|
|
GRFS
280
Grifois
GRFS
$5.44B
| $3.62M | 0.02% |
395,068
| – | – |
|
281
Starbucks
SBUX
$118B
| $3.61M | 0.02% |
36,480
-73,207
| -67% | -$7.6M |
|
282
Union Pacific
UNP
$175B
| $3.59M | 0.02% |
17,545
-14,518
| -45% | -$2.89M |
|
283
Mesa Laboratories
MLAB
$559M
| $3.49M | 0.02% |
27,164
-22,081
| -45% | -$3.37M |
|
284
Verizon
VZ
$201B
| $3.47M | 0.02% |
93,273
| – | – |
|
285
Rivian
RIVN
$24.2B
| $3.44M | 0.02% |
206,428
-125,043
| -38% | -$1.75M |
|
286
McDonald's
MCD
$194B
| $3.42M | 0.02% |
11,450
| – | – |
|
|
LUXE
287
LuxExperience B.V.
LUXE
$1.16B
| $3.4M | 0.02% |
850,285
-444,699
| -34% | -$2.12M |
|
288
Charles River Laboratories
CRL
$11.6B
| $3.34M | 0.02% |
15,872
-221,629
| -93% | -$44.1M |
|
289
Alibaba
BABA
$276B
| $3.31M | 0.02% |
39,766
+6,000
| +18% | +$525K |
|
290
Walmart Inc
WMT
$900B
| $3.3M | 0.02% |
62,979
| – | – |
|
291
LegalZoom.com
LZ
$1.39B
| $3.26M | 0.02% |
270,117
-6,725
| -2% | -$71.1K |
|
292
NextEra Energy
NEE
$186B
| $3.17M | 0.02% |
42,674
| – | – |
|
293
Ryan Specialty Holdings
RYAN
$5.96B
| $3.15M | 0.02% |
70,127
+22,338
| +47% | +$940K |
|
294
TotalEnergies
TTE
$187B
| $3.09M | 0.02% |
53,676
| – | – |
|
295
Merit Medical Systems
MMSI
$4.67B
| $2.98M | 0.02% |
+35,673
| New | +$2.9M |
|
|
RAPT
296
DELISTED
RAPT Therapeutics
RAPT
| $2.96M | 0.02% |
19,805
-4,756
| -19% | -$741K |
|
297
Generac Holdings
GNRC
$11.5B
| $2.94M | 0.02% |
19,718
-541
| -3% | -$61.7K |
|
298
Trex
TREX
$4.57B
| $2.9M | 0.01% |
44,246
+6,195
| +16% | +$346K |
|
299
Baidu
BIDU
$35.7B
| $2.89M | 0.01% |
+21,079
| New | +$2.76M |
|
300
Champion Homes
SKY
$4.58B
| $2.88M | 0.01% |
44,017
-1,070
| -2% | -$72.7K |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.