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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NSTG
301
DELISTED
NanoString Technologies, Inc.
NSTG
| $2.91M | 0.02% |
294,346
-138,240
| -32% | -$1.37M |
|
|
GRFS
302
Grifois
GRFS
$5.58B
| $2.91M | 0.02% |
395,068
+41,000
| +12% | +$356K |
|
303
EPAM Systems
EPAM
$5.42B
| $2.9M | 0.02% |
9,696
-10,555
| -52% | -$3.4M |
|
|
SUMO
304
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $2.89M | 0.02% |
+241,572
| New | +$2.65M |
|
305
Bristol-Myers Squibb
BMY
$132B
| $2.79M | 0.01% |
40,225
+1,555
| +4% | +$110K |
|
306
Sunrun
RUN
$2.27B
| $2.73M | 0.01% |
135,452
+23
| +0% | +$537 |
|
307
Estee Lauder
EL
$30.7B
| $2.73M | 0.01% |
11,062
-909
| -8% | -$231K |
|
308
Prologis
PLD
$136B
| $2.65M | 0.01% |
21,262
+700
| +3% | +$86K |
|
309
Altria Group
MO
$113B
| $2.63M | 0.01% |
58,854
+5,341
| +10% | +$246K |
|
310
Atlassian
TEAM
$24.9B
| $2.62M | 0.01% |
15,304
-2,300
| -13% | -$367K |
|
311
Simon Property Group
SPG
$74.7B
| $2.62M | 0.01% |
23,357
+1,139
| +5% | +$136K |
|
312
LegalZoom.com
LZ
$1.35B
| $2.6M | 0.01% |
276,842
+104
| +0% | +$881 |
|
313
Magnite
MGNI
$2.78B
| $2.59M | 0.01% |
279,319
-57,881
| -17% | -$617K |
|
314
Sempra
SRE
$58.6B
| $2.57M | 0.01% |
34,042
+1,718
| +5% | +$132K |
|
315
RB Global
RBA
$20.5B
| $2.55M | 0.01% |
+45,242
| New | +$2.67M |
|
316
Privia Health
PRVA
$3.01B
| $2.54M | 0.01% |
92,031
+34
| +0% | +$898 |
|
317
Spotify
SPOT
$107B
| $2.5M | 0.01% |
+18,698
| New | +$2.14M |
|
318
Deckers Outdoor
DECK
$13.6B
| $2.49M | 0.01% |
33,288
+32,184
| +2,915% | +$2.25M |
|
319
Duolingo
DUOL
$6.22B
| $2.49M | 0.01% |
17,475
+17,225
| +6,890% | +$1.77M |
|
320
Sysco
SYY
$40.6B
| $2.48M | 0.01% |
32,116
-1,097
| -3% | -$84.2K |
|
|
RNAM
321
DELISTED
Avidity Biosciences
RNAM
| $2.42M | 0.01% |
157,893
-18,256
| -10% | -$402K |
|
|
FNA
322
DELISTED
Paragon 28, Inc.
FNA
| $2.42M | 0.01% |
141,540
+24
| +0% | +$428 |
|
323
Affiliated Managers Group
AMG
$9.65B
| $2.4M | 0.01% |
16,836
+4
| +0% | +$632 |
|
324
Upstart Holdings
UPST
$2.59B
| $2.36M | 0.01% |
148,512
-94,282
| -39% | -$1.59M |
|
325
Vail Resorts
MTN
$5.45B
| $2.35M | 0.01% |
10,067
-419,086
| -98% | -$101M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.