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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Gates Industrial Corporation Ltd.
GTES
$6.31B
| $2.99M | 0.02% |
306,777
+60
| +0% | +$679 |
|
|
VSXY
302
Victoria's Secret
VSXY
$7.09B
| $2.94M | 0.01% |
101,079
-124,784
| -55% | -$4.21M |
|
303
PTC Therapeutics
PTCT
$6.18B
| $2.83M | 0.01% |
+56,308
| New | +$2.76M |
|
304
Cigna
CI
$78.4B
| $2.81M | 0.01% |
10,143
+6,258
| +161% | +$1.76M |
|
305
Bumble
BMBL
$387M
| $2.8M | 0.01% |
130,139
+55,689
| +75% | +$1.65M |
|
306
iShares Russell 1000 Growth ETF
IWF
$117B
| $2.75M | 0.01% |
52,352
-23,756
| -31% | -$1.4M |
|
|
IAA
307
DELISTED
IAA, Inc. Common Stock
IAA
| $2.74M | 0.01% |
86,116
| – | – |
|
|
CNVY
308
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
| $2.73M | 0.01% |
260,214
+1
| +0% | +$10 |
|
309
Cisco
CSCO
$443B
| $2.73M | 0.01% |
68,306
+6,933
| +11% | +$308K |
|
|
ANSS
310
DELISTED
Ansys
ANSS
| $2.7M | 0.01% |
12,176
+11,867
| +3,840% | +$3.03M |
|
311
SkinHealth Systems
SKIN
$83.4M
| $2.7M | 0.01% |
228,920
| – | – |
|
312
Pfizer
PFE
$143B
| $2.67M | 0.01% |
61,085
+8,576
| +16% | +$417K |
|
313
Trimble
TRMB
$13.6B
| $2.62M | 0.01% |
48,275
+952
| +2% | +$60.2K |
|
314
Union Pacific
UNP
$174B
| $2.61M | 0.01% |
13,416
+1,436
| +12% | +$318K |
|
315
Nike
NKE
$64.1B
| $2.61M | 0.01% |
31,415
-40,259
| -56% | -$4.33M |
|
316
Cencora
COR
$62B
| $2.58M | 0.01% |
19,055
-99,460
| -84% | -$14.3M |
|
317
Comcast
CMCSA
$87.3B
| $2.53M | 0.01% |
86,297
+9,916
| +13% | +$371K |
|
|
MRSN
318
DELISTED
Mersana Therapeutics
MRSN
| $2.53M | 0.01% |
14,956
-3,030
| -17% | -$492K |
|
319
ProPetro Holding
PUMP
$1.25B
| $2.52M | 0.01% |
313,688
-229,301
| -42% | -$2.05M |
|
|
FNA
320
DELISTED
Paragon 28, Inc.
FNA
| $2.52M | 0.01% |
141,476
| – | – |
|
321
Bristol-Myers Squibb
BMY
$129B
| $2.48M | 0.01% |
34,856
-99,723
| -74% | -$7.23M |
|
|
BBBY
322
DELISTED
Bed Bath & Beyond Inc
BBBY
| $2.45M | 0.01% |
402,479
+65
| +0% | +$529 |
|
323
Maravai LifeSciences
MRVI
$972M
| $2.4M | 0.01% |
94,126
+1,889
| +2% | +$47.4K |
|
324
TSMC
TSM
$1.94T
| $2.4M | 0.01% |
34,963
-16,779
| -32% | -$1.39M |
|
325
Estee Lauder
EL
$30.4B
| $2.39M | 0.01% |
11,062
-144
| -1% | -$36.8K |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.