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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
+15.81%
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
$19.6B
AUM Growth
+$879M
Cap. Flow
-$1.18B
Cap. Flow %
-6.05%
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$96.2M
2
DKNG icon
DraftKings
DKNG
+$81.7M
3
GEHC icon
GE HealthCare
GEHC
+$81.1M
4
GFL icon
GFL Environmental
GFL
+$77M
5
PCVX icon
Vaxcyte
PCVX
+$72.4M

Top Sells

Rank Stock Value
1
INTU icon
Intuit
INTU
+$187M
2
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
+$143M
3
ABBV icon
AbbVie
ABBV
+$112M
4
DIS icon
Walt Disney
DIS
+$99.6M
5
HSKA
Heska Corp
HSKA
+$80.9M

Sector Composition

Rank Sector Weight
1 Technology 36.16%
2 Healthcare 20.31%
3 Consumer Discretionary 12.43%
4 Industrials 10.17%
5 Communication Services 7.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALKS icon
326
Alkermes
ALKS
$8.47B
$2.36M 0.01%
75,413
-1,835
-2% -$55.6K
RUN icon
327
Sunrun
RUN
$2.3B
$2.36M 0.01%
131,931
-3,521
-3% -$65.5K
PRVA icon
328
Privia Health
PRVA
$3.13B
$2.35M 0.01%
89,813
-2,218
-2% -$58.6K
RTX icon
329
RTX Corp
RTX
$295B
$2.34M 0.01%
23,839
– –
JCI icon
330
Johnson Controls International
JCI
$85.6B
$2.32M 0.01%
34,102
– –
LAMR icon
331
Lamar Advertising Co
LAMR
$16.5B
$2.27M 0.01%
22,891
+454
+2% +$44.1K
JD icon
332
JD.com
JD
$42.9B
$2.27M 0.01%
66,405
-30,292
-31% -$1.1M
SCCO icon
333
Southern Copper
SCCO
$140B
$2.15M 0.01%
32,321
– –
PM icon
334
Philip Morris
PM
$312B
$2.08M 0.01%
21,271
– –
CQP icon
335
Cheniere Energy
CQP
$31B
$2.02M 0.01%
43,700
– –
AMGN icon
336
Amgen
AMGN
$212B
$1.98M 0.01%
8,937
+927
+12% +$215K
VTYX
337
DELISTED
Ventyx Biosciences
VTYX
$1.98M 0.01%
60,378
-86,297
-59% -$2.97M
PLRX icon
338
Pliant Therapeutics
PLRX
$66.3M
$1.96M 0.01%
108,143
-968,492
-90% -$22.9M
AKYA
339
DELISTED
Akoya BioSciences
AKYA
$1.94M 0.01%
262,212
-4,378
-2% -$29.2K
BMBL icon
340
Bumble
BMBL
$393M
$1.93M 0.01%
114,832
-3,149
-3% -$54.4K
NVS icon
341
Novartis
NVS
$304B
$1.92M 0.01%
19,045
– –
HIG icon
342
Hartford Financial Services
HIG
$39.3B
$1.89M 0.01%
26,249
– –
NVEE
343
DELISTED
NV5 Global
NVEE
$1.87M 0.01%
+67,580
New +$1.66M
TRMB icon
344
Trimble
TRMB
$13.6B
$1.77M 0.01%
33,501
+27,580
+466% +$1.35M
GRMN
345
Garmin
GRMN
$48.9B
$1.77M 0.01%
16,995
– –
PETQ
346
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$1.75M 0.01%
115,633
-2,872
-2% -$36.9K
BXMT icon
347
Blackstone Mortgage Trust
BXMT
$2.81B
$1.74M 0.01%
83,546
– –
VSXY
348
Victoria's Secret
VSXY
$7.1B
$1.71M 0.01%
98,318
-2,380
-2% -$60K
SEMR
349
DELISTED
Semrush
SEMR
$1.71M 0.01%
178,944
-4,600
-3% -$40.6K
MXCT icon
350
MaxCyte
MXCT
$112M
$1.66M 0.01%
360,968
+269,209
+293% +$1.24M
12 13
14
15 16

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CHP
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Fred Alger Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.

  • Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
  • Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
  • Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
  • Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
  • Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
  • Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
  • Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.

Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.