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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Altimmune
ALT
$568M
| $3.67M | 0.02% |
+326,658
| New | +$1.36M |
|
277
AstraZeneca
AZN
$269B
| $3.66M | 0.02% |
27,198
-420,163
| -94% | -$54.6M |
|
278
Avantor
AVTR
$9.73B
| $3.59M | 0.02% |
157,093
-102,504
| -39% | -$2.1M |
|
279
Walmart Inc
WMT
$909B
| $3.57M | 0.02% |
67,842
+4,863
| +8% | +$257K |
|
280
Simon Property Group
SPG
$76.4B
| $3.56M | 0.02% |
24,961
+1,604
| +7% | +$194K |
|
281
Lindblad Expeditions
LIND
$1.95B
| $3.53M | 0.02% |
313,458
-187,675
| -37% | -$1.45M |
|
282
Starbucks
SBUX
$119B
| $3.49M | 0.02% |
36,328
+274
| +0.8% | +$26.7K |
|
283
Latham Group
SWIM
$660M
| $3.49M | 0.02% |
1,325,395
-72,326
| -5% | -$179K |
|
284
Paycom
PAYC
$7.88B
| $3.43M | 0.02% |
16,593
-37,504
| -69% | -$7.93M |
|
285
Biogen
BIIB
$30.9B
| $3.42M | 0.02% |
+13,235
| New | +$3.25M |
|
286
Joby Aviation
JOBY
$6.54B
| $3.35M | 0.02% |
+503,430
| New | +$3.1M |
|
|
AYX
287
DELISTED
Alteryx Inc
AYX
| $3.3M | 0.02% |
70,077
-616,530
| -90% | -$23.9M |
|
288
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $3.24M | 0.02% |
30,969
+29,421
| +1,901% | +$2.79M |
|
289
BioMarin Pharmaceuticals
BMRN
$11.9B
| $3.22M | 0.02% |
33,389
-7,493
| -18% | -$663K |
|
|
SUM
290
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $3.2M | 0.02% |
83,252
-759,694
| -90% | -$26.3M |
|
291
Teledyne Technologies
TDY
$29.2B
| $3.12M | 0.02% |
6,984
-38
| -0.5% | -$15.3K |
|
292
Scholar Rock
SRRK
$5.88B
| $3.04M | 0.02% |
+161,884
| New | +$2.01M |
|
|
FUSN
293
DELISTED
Fusion Pharmaceuticals Inc. Common Shares
FUSN
| $3M | 0.02% |
+311,974
| New | +$1.52M |
|
294
iShares Russell 1000 Growth ETF
IWF
$117B
| $3M | 0.02% |
39,552
+35,912
| +987% | +$2.54M |
|
|
INFA
295
DELISTED
Informatica
INFA
| $2.94M | 0.02% |
+103,697
| New | +$2.49M |
|
296
Southern Copper
SCCO
$138B
| $2.92M | 0.02% |
36,567
+4,246
| +13% | +$295K |
|
297
Ferguson
FERG
$43.9B
| $2.91M | 0.02% |
+15,068
| New | +$2.54M |
|
298
Biohaven
BHVN
$2.02B
| $2.87M | 0.02% |
66,964
-3,757
| -5% | -$117K |
|
299
Prologis
PLD
$136B
| $2.85M | 0.02% |
21,400
+138
| +0.6% | +$15.7K |
|
300
Mesa Laboratories
MLAB
$551M
| $2.83M | 0.02% |
26,986
-170
| -0.6% | -$16.6K |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.