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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ED icon
276
Consolidated Edison
ED
$41.4B
$3.67M 0.02%
35,228
+3,834
+12% +$379K
PCOR icon
277
Procore
PCOR
$7.57B
$3.62M 0.02%
58,622
-37,809
-39% -$2.32M
WFRD icon
278
Weatherford International
WFRD
$5.9B
$3.58M 0.02%
42,118
+41,448
+6,186% +$4.47M
GH icon
279
Guardant Health
GH
$19.1B
$3.57M 0.02%
155,429
-43,039
-22% -$1.22M
DNLI icon
280
Denali Therapeutics
DNLI
$3.79B
$3.53M 0.02%
121,316
+94,302
+349% +$2.34M
JD icon
281
JD.com
JD
$43.5B
$3.5M 0.02%
+87,439
New +$2.4M
KROS icon
282
Keros Therapeutics
KROS
$197M
$3.43M 0.02%
59,138
+10,145
+21% +$501K
CAH icon
283
Cardinal Health
CAH
$53.7B
$3.43M 0.02%
31,052
+1,383
+5% +$145K
CYBR
284
DELISTED
CyberArk
CYBR
$3.39M 0.02%
11,626
-137
-1% -$37.1K
AZEK
285
DELISTED
The AZEK Co
AZEK
$3.36M 0.02%
71,742
+3,573
+5% +$153K
MDT icon
286
Medtronic
MDT
$112B
$3.31M 0.02%
36,801
+2,390
+7% +$201K
AZO icon
287
AutoZone
AZO
$51.3B
$3.26M 0.02%
1,034
-249
-19% -$764K
SVV icon
288
Savers
SVV
$1.53B
$3.2M 0.02%
304,249
-12,186
-4% -$124K
PLD icon
289
Prologis
PLD
$136B
$3.13M 0.02%
24,814
– –
CELH icon
290
Celsius Holdings
CELH
$7.38B
$3.09M 0.02%
98,402
-56,755
-37% -$2.38M
BPMC
291
DELISTED
Blueprint Medicines
BPMC
$3.06M 0.01%
33,110
-15,478
-32% -$1.54M
NVS icon
292
Novartis
NVS
$302B
$3.02M 0.01%
26,295
– –
ELV icon
293
Elevance Health
ELV
$81.5B
$2.98M 0.01%
5,730
-6,881
-55% -$3.68M
PFE icon
294
Pfizer
PFE
$143B
$2.97M 0.01%
102,668
+7,076
+7% +$206K
EHC icon
295
Encompass Health
EHC
$11.3B
$2.96M 0.01%
30,641
+479
+2% +$43K
GPCR icon
296
Structure Therapeutics
GPCR
$3.37B
$2.93M 0.01%
66,713
-220,923
-77% -$8.54M
BHVN icon
297
Biohaven
BHVN
$2.02B
$2.91M 0.01%
58,142
+17,848
+44% +$694K
MRUS
298
DELISTED
Merus
MRUS
$2.89M 0.01%
57,946
-4,870
-8% -$254K
MASS icon
299
908 Devices
MASS
$312M
$2.85M 0.01%
820,448
-185,789
-18% -$824K
CNTA
300
DELISTED
Centessa Pharmaceuticals
CNTA
$2.84M 0.01%
177,553
+166,560
+1,515% +$2.04M
10 11
12
13 14

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.