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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Hexcel
HXL
$8.3B
| $3.59M | 0.02% |
57,486
-738
| -1% | -$49.5K |
|
|
CSW
277
CSW Industrials
CSW
$4.87B
| $3.54M | 0.02% |
13,347
-201
| -1% | -$49.9K |
|
278
Lamar Advertising Co
LAMR
$16.5B
| $3.52M | 0.02% |
29,430
+1,299
| +5% | +$151K |
|
|
P
279
Everpure Inc
P
$24.3B
| $3.49M | 0.02% |
54,420
+42,909
| +373% | +$2.48M |
|
|
GRMN
280
Garmin
GRMN
$48.9B
| $3.49M | 0.02% |
21,423
+855
| +4% | +$135K |
|
281
Sempra
SRE
$59.2B
| $3.42M | 0.02% |
45,025
+1,808
| +4% | +$134K |
|
282
Starbucks
SBUX
$118B
| $3.32M | 0.02% |
42,650
+1,503
| +4% | +$122K |
|
283
Capri Holdings
CPRI
$1.88B
| $3.32M | 0.02% |
100,357
-1,325
| -1% | -$47.9K |
|
284
Oneok
OKE
$55.9B
| $3.3M | 0.02% |
40,470
+2,336
| +6% | +$187K |
|
285
Rambus
RMBS
$9.49B
| $3.28M | 0.02% |
55,810
-663,963
| -92% | -$38M |
|
286
WillScot Mobile Mini Holdings
WSC
$4.66B
| $3.27M | 0.02% |
86,848
-17,764
| -17% | -$703K |
|
|
CYBR
287
DELISTED
CyberArk
CYBR
| $3.22M | 0.02% |
11,763
-177
| -1% | -$43.5K |
|
288
Hartford Financial Services
HIG
$39.3B
| $3.15M | 0.02% |
31,328
| – | – |
|
289
Philip Morris
PM
$312B
| $3.13M | 0.02% |
30,898
+2,955
| +11% | +$289K |
|
290
InterDigital
IDCC
$6.72B
| $3.12M | 0.02% |
26,777
-405
| -1% | -$43.3K |
|
291
Ryan Specialty Holdings
RYAN
$5.96B
| $3.07M | 0.01% |
53,018
-922
| -2% | -$49.2K |
|
292
Palantir
PLTR
$296B
| $3.04M | 0.01% |
120,153
+58,724
| +96% | +$1.32M |
|
293
Varonis Systems
VRNS
$5.13B
| $2.98M | 0.01% |
62,039
-942
| -1% | -$41.7K |
|
294
Veralto
VLTO
$24.2B
| $2.94M | 0.01% |
30,822
+17,512
| +132% | +$1.67M |
|
295
Cardinal Health
CAH
$54.5B
| $2.92M | 0.01% |
29,669
-31,238
| -51% | -$3.18M |
|
|
AKRO
296
DELISTED
Akero Therapeutics
AKRO
| $2.9M | 0.01% |
123,788
-1,213,093
| -91% | -$25.9M |
|
|
AZEK
297
DELISTED
The AZEK Co
AZEK
| $2.87M | 0.01% |
68,169
+7,137
| +12% | +$330K |
|
298
Consolidated Edison
ED
$41.3B
| $2.81M | 0.01% |
31,394
+1,377
| +5% | +$128K |
|
299
Novartis
NVS
$304B
| $2.8M | 0.01% |
26,295
+1,852
| +8% | +$186K |
|
300
Marqeta
MQ
$1.9B
| $2.79M | 0.01% |
127,204
-1,944
| -2% | -$42.8K |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.