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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZEK
301
DELISTED
The AZEK Co
AZEK
$3.07M 0.02%
61,032
-1,363
-2% -$59.4K
PLD icon
302
Prologis
PLD
$136B
$3.06M 0.02%
23,517
+2,117
+10% +$277K
GRMN
303
Garmin
GRMN
$57.4B
$3.06M 0.02%
20,568
+2,404
+13% +$317K
OKE icon
304
Oneok
OKE
$56.1B
$3.06M 0.02%
38,134
+6,199
+19% +$453K
CTAS icon
305
Cintas
CTAS
$82.7B
$3.05M 0.02%
17,760
+1,492
+9% +$230K
ORIC icon
306
Oric Pharmaceuticals
ORIC
$1.2B
$3.02M 0.02%
+219,943
New +$2.61M
MDT icon
307
Medtronic
MDT
$110B
$3M 0.01%
34,411
+5,833
+20% +$498K
RYAN icon
308
Ryan Specialty Holdings
RYAN
$5.71B
$2.99M 0.01%
53,940
-66,638
-55% -$3.18M
VRNS icon
309
Varonis Systems
VRNS
$4.58B
$2.97M 0.01%
+62,981
New +$3M
IDCC icon
310
InterDigital
IDCC
$7.84B
$2.89M 0.01%
27,182
+25,075
+1,190% +$2.65M
PRAX icon
311
Praxis Precision Medicines
PRAX
$8.58B
$2.87M 0.01%
+47,041
New +$2.11M
WBS icon
312
Webster Financial
WBS
$12.5B
$2.84M 0.01%
56,029
-70,470
-56% -$3.45M
BHVN icon
313
Biohaven
BHVN
$2.08B
$2.79M 0.01%
51,104
-15,860
-24% -$785K
SYY icon
314
Sysco
SYY
$40.6B
$2.78M 0.01%
34,205
+4,074
+14% +$321K
GH icon
315
Guardant Health
GH
$20.2B
$2.77M 0.01%
134,262
+82,946
+162% +$1.78M
TWST icon
316
Twist Bioscience
TWST
$5.69B
$2.74M 0.01%
79,797
+50,550
+173% +$1.82M
ED icon
317
Consolidated Edison
ED
$40.4B
$2.73M 0.01%
30,017
+3,391
+13% +$304K
BMRN icon
318
BioMarin Pharmaceuticals
BMRN
$11.7B
$2.72M 0.01%
31,180
-2,209
-7% -$198K
IOVA icon
319
Iovance Biotherapeutics
IOVA
$2.09B
$2.71M 0.01%
+182,765
New +$2.13M
JCI icon
320
Johnson Controls International
JCI
$87.8B
$2.7M 0.01%
41,352
+5,012
+14% +$292K
EWCZ
321
DELISTED
European Wax Center
EWCZ
$2.68M 0.01%
+206,406
New +$2.95M
BCPC
322
Balchem Corp
BCPC
$5.23B
$2.66M 0.01%
17,171
-15,408
-47% -$2.28M
CI icon
323
Cigna
CI
$76.1B
$2.63M 0.01%
+7,229
New +$2.38M
SRRK icon
324
Scholar Rock
SRRK
$5.87B
$2.61M 0.01%
147,201
-14,683
-9% -$231K
PM icon
325
Philip Morris
PM
$299B
$2.56M 0.01%
27,943
+3,012
+12% +$278K
11 12
13
14 15

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.