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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
PXD
326
DELISTED
Pioneer Natural Resource Co.
PXD
$2.53M 0.01%
9,633
-21,148
-69% -$4.96M
THC icon
327
Tenet Healthcare
THC
$20.3B
$2.51M 0.01%
+23,846
New +$2.14M
AMG icon
328
Affiliated Managers Group
AMG
$9.65B
$2.49M 0.01%
14,880
-352
-2% -$54.7K
PFE icon
329
Pfizer
PFE
$142B
$2.49M 0.01%
89,660
+12,137
+16% +$337K
ARCO icon
330
Arcos Dorados Holdings
ARCO
$1.73B
$2.46M 0.01%
+221,531
New +$2.63M
HCP
331
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$2.46M 0.01%
+91,147
New +$2.21M
NVS icon
332
Novartis
NVS
$301B
$2.36M 0.01%
24,443
+3,106
+15% +$318K
WSO icon
333
Watsco Inc
WSO
$12.8B
$2.35M 0.01%
+5,431
New +$2.18M
MTN icon
334
Vail Resorts
MTN
$5.45B
$2.34M 0.01%
10,484
+1,046
+11% +$233K
PANW icon
335
Palo Alto Networks
PANW
$265B
$2.33M 0.01%
16,408
+7,270
+80% +$1.15M
CQP icon
336
Cheniere Energy
CQP
$31.5B
$2.32M 0.01%
46,993
+2,872
+7% +$146K
MLAB icon
337
Mesa Laboratories
MLAB
$558M
$2.28M 0.01%
20,742
-6,244
-23% -$629K
MORF
338
DELISTED
Morphic Holding, Inc. Common Stock
MORF
$2.26M 0.01%
64,195
-1,454
-2% -$48.7K
DT icon
339
Dynatrace
DT
$12.8B
$2.17M 0.01%
+46,815
New +$2.44M
GD icon
340
General Dynamics
GD
$103B
$2.17M 0.01%
7,672
+1,262
+20% +$338K
BILL icon
341
BILL Holdings
BILL
$4.52B
$2.14M 0.01%
31,101
-29,638
-49% -$2.07M
HLVX
342
DELISTED
HilleVax
HLVX
$2.06M 0.01%
124,122
-7,325
-6% -$117K
BMY icon
343
Bristol-Myers Squibb
BMY
$132B
$2.05M 0.01%
37,770
-2,760
-7% -$141K
PETQ
344
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$2.05M 0.01%
111,889
-2,542
-2% -$45.2K
ASML icon
345
ASML
ASML
$634B
$2.01M 0.01%
2,073
-7,413
-78% -$6.58M
CDNA icon
346
CareDx
CDNA
$1.97B
$1.97M 0.01%
+186,048
New +$1.86M
CG icon
347
Carlyle Group
CG
$16.3B
$1.95M 0.01%
41,544
+6,359
+18% +$275K
XPO icon
348
XPO
XPO
$23.4B
$1.86M 0.01%
15,253
-1,194
-7% -$128K
GILD icon
349
Gilead Sciences
GILD
$163B
$1.83M 0.01%
24,915
+2,912
+13% +$224K
PAYC icon
350
Paycom
PAYC
$7.53B
$1.81M 0.01%
9,119
-7,474
-45% -$1.43M
12 13
14
15 16

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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.