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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
RH
RH
$3.33B
| $3.59M | 0.02% |
+13,596
| New | +$4.73M |
|
277
Union Pacific
UNP
$174B
| $3.57M | 0.02% |
17,537
-8
| -0% | -$1.74K |
|
278
Merck
MRK
$322B
| $3.54M | 0.02% |
34,383
-274
| -0.8% | -$29.5K |
|
279
TotalEnergies
TTE
$193B
| $3.53M | 0.02% |
53,676
| – | – |
|
280
BridgeBio Pharma
BBIO
$16.4B
| $3.47M | 0.02% |
+131,623
| New | +$3.74M |
|
281
ADMA Biologics
ADMA
$2.02B
| $3.42M | 0.02% |
956,010
-1,826,199
| -66% | -$7.03M |
|
282
Walmart Inc
WMT
$909B
| $3.36M | 0.02% |
62,979
| – | – |
|
283
Starbucks
SBUX
$119B
| $3.29M | 0.02% |
36,054
-426
| -1% | -$41.8K |
|
284
Marqeta
MQ
$1.93B
| $3.19M | 0.02% |
133,212
-70,419
| -35% | -$1.6M |
|
285
Match Group
MTCH
$9.19B
| $3.11M | 0.02% |
79,347
+15,525
| +24% | +$688K |
|
286
Alibaba
BABA
$276B
| $3.09M | 0.02% |
35,600
-4,166
| -10% | -$381K |
|
287
Occidental Petroleum
OXY
$55.7B
| $3.08M | 0.02% |
47,448
-408
| -0.9% | -$25.7K |
|
|
MORF
288
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $3.04M | 0.02% |
132,745
+35,793
| +37% | +$1.88M |
|
289
McDonald's
MCD
$193B
| $3.02M | 0.02% |
11,450
| – | – |
|
290
Verizon
VZ
$197B
| $3M | 0.02% |
92,697
-576
| -0.6% | -$19.5K |
|
291
Madrigal Pharmaceuticals
MDGL
$12.6B
| $2.9M | 0.02% |
19,864
+456
| +2% | +$85.8K |
|
292
Teledyne Technologies
TDY
$29.2B
| $2.87M | 0.02% |
7,022
-4,648
| -40% | -$1.89M |
|
293
Mesa Laboratories
MLAB
$551M
| $2.85M | 0.02% |
27,156
-8
| -0% | -$1.02K |
|
294
SentinelOne
S
$6.35B
| $2.85M | 0.02% |
169,193
-1,092,643
| -87% | -$17.3M |
|
|
LUXE
295
LuxExperience B.V.
LUXE
$1.13B
| $2.85M | 0.02% |
838,175
-12,110
| -1% | -$45.1K |
|
296
Baidu
BIDU
$35.7B
| $2.82M | 0.02% |
21,003
-76
| -0.4% | -$10.7K |
|
297
Stryker
SYK
$135B
| $2.57M | 0.01% |
9,394
-6,520
| -41% | -$1.87M |
|
298
Simon Property Group
SPG
$76.4B
| $2.52M | 0.01% |
23,357
| – | – |
|
299
Altria Group
MO
$125B
| $2.47M | 0.01% |
58,854
| – | – |
|
300
NextEra Energy
NEE
$185B
| $2.44M | 0.01% |
42,674
| – | – |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.