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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
-4.46%
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
$18.3B
AUM Growth
-$3.9B
(-18%)
Cap. Flow
-$2.31B
Cap. Flow
% of AUM
-12.59%
Top 10 Holdings %
Top 10 Hldgs %
30.49%
Holding
560
New
66
Increased
141
Reduced
222
Closed
94
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$317M |
| 2 |
Yum! Brands
YUM
|
+$222M |
| 3 |
CELG
Celgene Corp
CELG
|
+$213M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$211M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$264M |
| 2 |
Blackstone
BX
|
+$256M |
| 3 |
Cigna
CI
|
+$232M |
| 4 |
Hartford Financial Services
HIG
|
+$206M |
| 5 |
CVS Health
CVS
|
+$198M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 23.98% |
| 2 | Technology | 17.05% |
| 3 | Consumer Discretionary | 15.78% |
| 4 | Communication Services | 12.84% |
| 5 | Financials | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CNR
301
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $3.69M | 0.02% |
348,739
-318,608
| -48% | -$3.9M |
|
302
Chubb
CB
$139B
| $3.62M | 0.02% |
+34,985
| New | +$3.66M |
|
303
Procter & Gamble
PG
$346B
| $3.6M | 0.02% |
50,073
-500
| -1% | -$37.5K |
|
304
Newell Brands
NWL
$2.2B
| $3.57M | 0.02% |
+89,972
| New | +$3.78M |
|
|
AKRX
305
DELISTED
Akorn Inc
AKRX
| $3.54M | 0.02% |
124,376
+85,576
| +221% | +$3.54M |
|
306
Bath & Body Works
BBWI
$4.11B
| $3.54M | 0.02% |
48,624
-12,997
| -21% | -$898K |
|
|
HAR
307
DELISTED
Harman International Industries
HAR
| $3.44M | 0.02% |
35,882
-17,681
| -33% | -$1.86M |
|
308
Icon
ICLR
$13B
| $3.44M | 0.02% |
48,420
+6,650
| +16% | +$501K |
|
309
JetBlue
JBLU
$2.01B
| $3.43M | 0.02% |
+133,083
| New | +$3.14M |
|
|
QEP
310
DELISTED
QEP RESOURCES, INC.
QEP
| $3.38M | 0.02% |
269,640
-107,495
| -29% | -$1.48M |
|
|
DATA
311
DELISTED
Tableau Software, Inc.
DATA
| $3.36M | 0.02% |
42,165
+1,205
| +3% | +$125K |
|
312
TransDigm Group
TDG
$72.1B
| $3.24M | 0.02% |
15,262
-300
| -2% | -$68.7K |
|
313
Intel
INTC
$462B
| $3.23M | 0.02% |
107,006
-13,839
| -11% | -$400K |
|
314
CarMax
KMX
$8.26B
| $3.21M | 0.02% |
54,172
+2,971
| +6% | +$186K |
|
315
Virtu Financial
VIRT
$5.13B
| $3.19M | 0.02% |
138,943
-6,371
| -4% | -$146K |
|
316
Veeva Systems
VEEV
$31.5B
| $3.16M | 0.02% |
+135,086
| New | +$3.52M |
|
317
Packaging Corp of America
PKG
$22.6B
| $3.15M | 0.02% |
52,285
-46,637
| -47% | -$3.11M |
|
318
Devon Energy
DVN
$49.8B
| $3.05M | 0.02% |
82,317
-2,137,317
| -96% | -$98.1M |
|
319
Avient
AVNT
$3.34B
| $3.01M | 0.02% |
102,523
-74,113
| -42% | -$2.5M |
|
320
Alkermes
ALKS
$8.78B
| $2.98M | 0.02% |
50,819
-7,878
| -13% | -$520K |
|
321
Lam Research
LRCX
$364B
| $2.93M | 0.02% |
448,850
+76,350
| +20% | +$559K |
|
322
General Dynamics
GD
$105B
| $2.9M | 0.02% |
21,025
+3,152
| +18% | +$456K |
|
323
AT&T
T
$167B
| $2.85M | 0.02% |
115,845
+35,756
| +45% | +$912K |
|
324
Sherwin-Williams
SHW
$80.6B
| $2.84M | 0.02% |
38,265
-18,192
| -32% | -$1.6M |
|
|
SWFT
325
DELISTED
Swift Transportation Company
SWFT
| $2.78M | 0.02% |
185,048
-7,750
| -4% | -$163K |
|
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Fred Alger Management's Q3 2015 Portfolio in Review
As of Q3 2015, Fred Alger Management held 560 positions worth $18.3B, down 18% from $22.2B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $2.31B in Q3 2015, closing 94 positions and reducing 222 holdings. Its most notable exit was Oracle, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 24% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Amgen worth $114M.
- Fred Alger Management's largest Q3 2015 buy was Amgen: 823,462 shares worth $114M.
- Fred Alger Management added most to Microsoft in Q3 2015, an estimated $317M increase.
- Fred Alger Management's biggest Q3 2015 reduction was Meta Platforms (Facebook), cutting an estimated $264M.
- Fred Alger Management fully exited Oracle in Q3 2015, selling an estimated $104M.
- Fred Alger Management's ten largest holdings make up 30% of its $18.3B portfolio in Q3 2015.
- Fred Alger Management opened 66 new positions and closed 94 in Q3 2015.
- Fred Alger Management's portfolio value fell 18% quarter-over-quarter to $18.3B.
Based on Fred Alger Management's 13F filing for Q3 2015, filed 16 Nov 2015.