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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 | |
|---|---|---|---|---|---|---|
326
RTX Corp
RTX
$289B
| $2.33M | 0.01% |
23,839
+2,558
| +12% | +$252K |
|
327
Bumble
BMBL
$372M
| $2.31M | 0.01% |
117,981
+50
| +0% | +$1.13K |
|
328
Biohaven
BHVN
$2.03B
| $2.29M | 0.01% |
167,847
-33,441
| -17% | -$532K |
|
329
MoonLake Immunotherapeutics
MLTX
$1.57B
| $2.29M | 0.01% |
+106,920
| New | +$1.8M |
|
330
Southern Copper
SCCO
$144B
| $2.28M | 0.01% |
32,321
+1,591
| +5% | +$108K |
|
331
Parker-Hannifin
PH
$123B
| $2.28M | 0.01% |
6,793
+619
| +10% | +$205K |
|
332
Pinterest
PINS
$13.5B
| $2.27M | 0.01% |
83,353
-35,100
| -30% | -$909K |
|
333
ProPetro Holding
PUMP
$1.36B
| $2.26M | 0.01% |
313,855
+127
| +0% | +$1.15K |
|
334
Lamar Advertising Co
LAMR
$16.2B
| $2.24M | 0.01% |
22,437
+1,280
| +6% | +$130K |
|
335
MP Materials
MP
$7.44B
| $2.22M | 0.01% |
78,824
-105,543
| -57% | -$3.19M |
|
336
Penumbra
PEN
$12.6B
| $2.2M | 0.01% |
7,886
-14,803
| -65% | -$3.78M |
|
337
Medtronic
MDT
$110B
| $2.2M | 0.01% |
27,259
+1,320
| +5% | +$108K |
|
338
Generac Holdings
GNRC
$11.7B
| $2.19M | 0.01% |
20,259
-2,644
| -12% | -$306K |
|
|
AKYA
339
DELISTED
Akoya BioSciences
AKYA
| $2.18M | 0.01% |
266,590
+103
| +0% | +$1.08K |
|
340
Alkermes
ALKS
$8.24B
| $2.18M | 0.01% |
77,248
+15
| +0% | +$409 |
|
341
Welltower
WELL
$170B
| $2.14M | 0.01% |
29,825
+1,463
| +5% | +$106K |
|
|
JBIO
342
Jade Biosciences
JBIO
$1.21B
| $2.1M | 0.01% |
2,973
-1,254
| -30% | -$1.04M |
|
343
Philip Morris
PM
$297B
| $2.07M | 0.01% |
21,271
+3,939
| +23% | +$393K |
|
344
Burlington
BURL
$23.3B
| $2.07M | 0.01% |
10,232
+3,441
| +51% | +$752K |
|
345
Cheniere Energy
CQP
$31.7B
| $2.07M | 0.01% |
43,700
+2,145
| +5% | +$110K |
|
346
Johnson Controls International
JCI
$88.9B
| $2.05M | 0.01% |
34,102
+1,084
| +3% | +$69.4K |
|
|
EXAS
347
DELISTED
Exact Sciences
EXAS
| $2.01M | 0.01% |
+29,576
| New | +$1.9M |
|
348
Amgen
AMGN
$208B
| $1.94M | 0.01% |
8,010
+145
| +2% | +$35.6K |
|
349
Ryan Specialty Holdings
RYAN
$5.83B
| $1.92M | 0.01% |
47,789
-1,450
| -3% | -$59.6K |
|
350
Tradeweb Markets
TW
$21.5B
| $1.92M | 0.01% |
24,282
+23,415
| +2,701% | +$1.7M |
|
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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.