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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Welltower
WELL
$170B
| $2.44M | 0.01% |
29,825
| – | – |
|
302
Becton Dickinson
BDX
$45.6B
| $2.44M | 0.01% |
+9,428
| New | +$2.55M |
|
303
Pfizer
PFE
$142B
| $2.42M | 0.01% |
73,022
| – | – |
|
304
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $2.4M | 0.01% |
109,476
-3,592
| -3% | -$84.1K |
|
305
Prologis
PLD
$136B
| $2.39M | 0.01% |
21,262
| – | – |
|
306
Cheniere Energy
CQP
$31.5B
| $2.37M | 0.01% |
43,700
| – | – |
|
307
Bristol-Myers Squibb
BMY
$132B
| $2.33M | 0.01% |
40,225
| – | – |
|
308
Sempra
SRE
$58.6B
| $2.32M | 0.01% |
34,042
| – | – |
|
|
PETQ
309
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $2.28M | 0.01% |
115,608
-25
| -0% | -$447 |
|
310
Southern Copper
SCCO
$145B
| $2.26M | 0.01% |
32,321
| – | – |
|
311
Nike
NKE
$62.7B
| $2.25M | 0.01% |
23,535
-273,723
| -92% | -$28.2M |
|
312
Global Payments
GPN
$23.8B
| $2.21M | 0.01% |
+19,188
| New | +$2.28M |
|
313
Medtronic
MDT
$110B
| $2.14M | 0.01% |
27,259
| – | – |
|
314
Cardinal Health
CAH
$53.2B
| $2.12M | 0.01% |
24,401
-94,678
| -80% | -$8.56M |
|
315
Consolidated Edison
ED
$40.4B
| $2.11M | 0.01% |
+24,619
| New | +$2.24M |
|
316
Vail Resorts
MTN
$5.45B
| $2.09M | 0.01% |
9,438
-475
| -5% | -$113K |
|
317
Privia Health
PRVA
$3.01B
| $2.07M | 0.01% |
89,794
-19
| -0% | -$483 |
|
318
Pliant Therapeutics
PLRX
$65.6M
| $2.01M | 0.01% |
116,005
+7,862
| +7% | +$136K |
|
319
Zoetis
ZTS
$31.9B
| $1.98M | 0.01% |
11,382
+6,898
| +154% | +$1.25M |
|
320
D.R. Horton
DHI
$40.7B
| $1.98M | 0.01% |
18,393
+17,225
| +1,475% | +$2.06M |
|
321
Philip Morris
PM
$299B
| $1.97M | 0.01% |
21,271
| – | – |
|
322
Generac Holdings
GNRC
$11.3B
| $1.97M | 0.01% |
18,073
-1,645
| -8% | -$203K |
|
323
Constellation Brands
STZ
$22.3B
| $1.91M | 0.01% |
+7,616
| New | +$1.99M |
|
324
Novartis
NVS
$301B
| $1.91M | 0.01% |
18,758
-287
| -2% | -$29.1K |
|
325
Sysco
SYY
$40.6B
| $1.89M | 0.01% |
28,685
-3,431
| -11% | -$247K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.