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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOBY icon
276
Joby Aviation
JOBY
$7.12B
$4.06M 0.02%
757,810
+254,380
+51% +$1.44M
SMCI icon
277
Super Micro Computer
SMCI
$17.9B
$4.05M 0.02%
40,140
+21,840
+119% +$1.6M
SCCO icon
278
Southern Copper
SCCO
$145B
$4.04M 0.02%
40,870
+4,303
+12% +$344K
AVTR icon
279
Avantor
AVTR
$9.37B
$4.01M 0.02%
156,863
-230
-0.1% -$5.47K
CCI icon
280
Crown Castle
CCI
$33.4B
$3.87M 0.02%
36,563
-25,497
-41% -$2.77M
WELL icon
281
Welltower
WELL
$170B
$3.76M 0.02%
40,257
-12,934
-24% -$1.17M
SBUX icon
282
Starbucks
SBUX
$121B
$3.76M 0.02%
41,147
+4,819
+13% +$448K
BBY icon
283
Best Buy
BBY
$18.5B
$3.72M 0.02%
+45,333
New +$3.45M
AZO icon
284
AutoZone
AZO
$49.1B
$3.67M 0.02%
1,166
-1,127
-49% -$3.22M
DHI icon
285
D.R. Horton
DHI
$40.7B
$3.64M 0.02%
22,141
-66,596
-75% -$9.98M
FUSN
286
DELISTED
Fusion Pharmaceuticals Inc. Common Shares
FUSN
$3.57M 0.02%
167,415
-144,559
-46% -$1.73M
NKE icon
287
Nike
NKE
$62.7B
$3.52M 0.02%
37,499
+31,120
+488% +$3.17M
SLB icon
288
SLB Ltd
SLB
$72.6B
$3.51M 0.02%
64,108
-1,454,234
-96% -$73.3M
NVEE
289
DELISTED
NV5 Global
NVEE
$3.45M 0.02%
140,768
-5,048
-3% -$131K
CAVA icon
290
CAVA Group
CAVA
$7.74B
$3.41M 0.02%
48,627
+10,794
+29% +$579K
LAMR icon
291
Lamar Advertising Co
LAMR
$16.3B
$3.36M 0.02%
28,131
+4,265
+18% +$468K
RBLX icon
292
Roblox
RBLX
$34.8B
$3.29M 0.02%
+86,283
New +$3.5M
MO icon
293
Altria Group
MO
$113B
$3.25M 0.02%
74,477
+8,188
+12% +$339K
HIG icon
294
Hartford Financial Services
HIG
$39.2B
$3.23M 0.02%
31,328
+1,963
+7% +$180K
ORCL icon
295
Oracle
ORCL
$367B
$3.21M 0.02%
25,582
+3,219
+14% +$368K
CSW
296
CSW Industrials
CSW
$5.11B
$3.18M 0.02%
+13,548
New +$3.02M
CYBR
297
DELISTED
CyberArk
CYBR
$3.17M 0.02%
11,940
+2,558
+27% +$634K
NEE icon
298
NextEra Energy
NEE
$183B
$3.13M 0.02%
48,972
+2,528
+5% +$148K
SRE icon
299
Sempra
SRE
$58.6B
$3.1M 0.02%
43,217
+6,115
+16% +$438K
MQ icon
300
Marqeta
MQ
$1.86B
$3.08M 0.02%
129,148
-2,923
-2% -$72.3K
10 11
12
13 14

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.