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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
NextEra Energy
NEE
$185B
| $2.82M | 0.02% |
46,444
+3,770
| +9% | +$215K |
|
302
Sempra
SRE
$58.1B
| $2.77M | 0.02% |
37,102
+3,060
| +9% | +$219K |
|
303
Altria Group
MO
$125B
| $2.67M | 0.01% |
66,289
+7,435
| +13% | +$307K |
|
304
Lamar Advertising Co
LAMR
$16.7B
| $2.54M | 0.01% |
23,866
+1,606
| +7% | +$151K |
|
305
Baidu
BIDU
$35.7B
| $2.51M | 0.01% |
21,054
+51
| +0.2% | +$5.89K |
|
306
Cintas
CTAS
$86.6B
| $2.45M | 0.01% |
16,268
-27,496
| -63% | -$3.68M |
|
307
Consolidated Edison
ED
$41.4B
| $2.42M | 0.01% |
26,626
+2,007
| +8% | +$179K |
|
|
AZEK
308
DELISTED
The AZEK Co
AZEK
| $2.39M | 0.01% |
62,395
-613
| -1% | -$19.1K |
|
309
Hartford Financial Services
HIG
$39.9B
| $2.36M | 0.01% |
29,365
+3,116
| +12% | +$235K |
|
310
Oracle
ORCL
$339B
| $2.36M | 0.01% |
22,363
-413,609
| -95% | -$45.1M |
|
|
NVO
311
Novo Nordisk
NVO
$228B
| $2.36M | 0.01% |
22,765
+22,733
| +71,041% | +$2.25M |
|
312
Medtronic
MDT
$112B
| $2.35M | 0.01% |
28,578
+1,319
| +5% | +$101K |
|
313
Philip Morris
PM
$309B
| $2.35M | 0.01% |
24,931
+3,660
| +17% | +$337K |
|
|
GRMN
314
Garmin
GRMN
$56.9B
| $2.33M | 0.01% |
18,164
+1,169
| +7% | +$136K |
|
315
Affiliated Managers Group
AMG
$9.51B
| $2.31M | 0.01% |
15,232
-17,134
| -53% | -$2.3M |
|
316
TransUnion
TRU
$16B
| $2.26M | 0.01% |
32,946
-34,903
| -51% | -$2.13M |
|
|
PETQ
317
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $2.26M | 0.01% |
114,431
-1,177
| -1% | -$22.6K |
|
318
Oneok
OKE
$56.7B
| $2.24M | 0.01% |
31,935
+5,095
| +19% | +$341K |
|
319
Pfizer
PFE
$143B
| $2.23M | 0.01% |
77,523
+4,501
| +6% | +$136K |
|
320
Bruker
BRKR
$9.4B
| $2.21M | 0.01% |
30,131
+30,124
| +430,343% | +$1.93M |
|
321
Pliant Therapeutics
PLRX
$65M
| $2.21M | 0.01% |
121,787
+5,782
| +5% | +$87.9K |
|
322
Sysco
SYY
$40.8B
| $2.2M | 0.01% |
30,131
+1,446
| +5% | +$99.8K |
|
323
Cheniere Energy
CQP
$30.5B
| $2.2M | 0.01% |
44,121
+421
| +1% | +$23.5K |
|
324
Veralto
VLTO
$24.1B
| $2.17M | 0.01% |
+26,327
| New | +$1.97M |
|
325
Novartis
NVS
$302B
| $2.15M | 0.01% |
21,337
+2,579
| +14% | +$249K |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.