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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
+0.07%
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
$18.4B
AUM Growth
-$1.1B
(-5.7%)
Cap. Flow
-$780M
Cap. Flow
% of AUM
-4.25%
Top 10 Holdings %
Top 10 Hldgs %
40.19%
Holding
562
New
65
Increased
161
Reduced
196
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$162M |
| 2 |
Incyte
INCY
|
+$120M |
| 3 |
Danaher
DHR
|
+$112M |
| 4 |
Autodesk
ADSK
|
+$95M |
| 5 |
Bank of America
BAC
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$245M |
| 2 |
Apple
AAPL
|
+$178M |
| 3 |
ASML
ASML
|
+$125M |
| 4 |
Altria Group
MO
|
+$119M |
| 5 |
AGN
Allergan plc
AGN
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.48% |
| 2 | Communication Services | 18.39% |
| 3 | Healthcare | 16.44% |
| 4 | Consumer Discretionary | 11.83% |
| 5 | Industrials | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Northrop Grumman
NOC
$77B
| $190K | ﹤0.01% |
815
+544
| +201% | +$126K |
|
352
PPG Industries
PPG
$25.9B
| $190K | ﹤0.01% |
2,000
-22,897
| -92% | -$2.19M |
|
353
Agilent Technologies
A
$39.1B
| $182K | ﹤0.01% |
+4,000
| New | +$181K |
|
|
ARRY
354
DELISTED
Array Biopharma Inc
ARRY
| $176K | ﹤0.01% |
+20,000
| New | +$147K |
|
|
GBT
355
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $173K | ﹤0.01% |
12,000
-7,000
| -37% | -$123K |
|
356
Dover
DOV
$27.2B
| $172K | ﹤0.01% |
+2,847
| New | +$165K |
|
|
ATXS
357
DELISTED
Astria Therapeutics
ATXS
| $160K | ﹤0.01% |
738
-625
| -46% | -$153K |
|
|
ALR
358
DELISTED
Alere Inc
ALR
| $156K | ﹤0.01% |
+4,000
| New | +$162K |
|
359
Curis
CRIS
$9.53M
| $154K | ﹤0.01% |
+25
| New | +$150K |
|
360
Citigroup
C
$222B
| $149K | ﹤0.01% |
+2,500
| New | +$135K |
|
361
MSC Industrial Direct
MSM
$7.02B
| $148K | ﹤0.01% |
+1,600
| New | +$132K |
|
362
Axalta
AXTA
$7.01B
| $135K | ﹤0.01% |
4,957
-43,826
| -90% | -$1.15M |
|
363
FreightCar America
RAIL
$275M
| $119K | ﹤0.01% |
+8,000
| New | +$114K |
|
364
iShares Russell Mid-Cap Growth ETF
IWP
$20B
| $59K | ﹤0.01% |
+1,204
| New | +$58K |
|
365
IBM
IBM
$202B
| $58K | ﹤0.01% |
367
-24
| -6% | -$3.66K |
|
366
Franklin Resources
BEN
$16.9B
| $55K | ﹤0.01% |
1,388
| – | – |
|
367
Zoetis
ZTS
$31.6B
| $54K | ﹤0.01% |
+1,000
| New | +$50.8K |
|
368
American Express
AXP
$223B
| $53K | ﹤0.01% |
714
+208
| +41% | +$14.4K |
|
369
LyondellBasell Industries
LYB
$19.5B
| $49K | ﹤0.01% |
+570
| New | +$47.8K |
|
|
ESRX
370
DELISTED
Express Scripts Holding Company
ESRX
| $46K | ﹤0.01% |
670
+70
| +12% | +$5.02K |
|
371
HP
HPQ
$23.5B
| $45K | ﹤0.01% |
3,027
+953
| +46% | +$14.4K |
|
372
Omnicom Group
OMC
$22.7B
| $45K | ﹤0.01% |
527
+28
| +6% | +$2.35K |
|
|
VMW
373
DELISTED
VMware, Inc
VMW
| $45K | ﹤0.01% |
570
+8
| +1% | +$621 |
|
374
Dollar General
DG
$25.9B
| $43K | ﹤0.01% |
576
-52,396
| -99% | -$3.83M |
|
375
Tyson Foods
TSN
$20.2B
| $43K | ﹤0.01% |
693
+19
| +3% | +$1.25K |
|
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Fred Alger Management's Q4 2016 Portfolio in Review
As of Q4 2016, Fred Alger Management held 562 positions worth $18.4B, down 5.7% from $19.5B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Fred Alger Management withdrew a net $780M in Q4 2016, closing 78 positions and reducing 196 holdings. Its most notable exit was Norwegian Cruise Line, an estimated $89.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Fred Alger Management opened a new position in Autodesk worth $95.4M.
- Fred Alger Management's largest Q4 2016 buy was Autodesk: 1,289,679 shares worth $95.4M.
- Fred Alger Management added most to Intercontinental Exchange in Q4 2016, an estimated $162M increase.
- Fred Alger Management's biggest Q4 2016 reduction was Thermo Fisher Scientific, cutting an estimated $245M.
- Fred Alger Management fully exited Norwegian Cruise Line in Q4 2016, selling an estimated $89.1M.
- Fred Alger Management's ten largest holdings make up 40% of its $18.4B portfolio in Q4 2016.
- Fred Alger Management opened 65 new positions and closed 78 in Q4 2016.
- Fred Alger Management's portfolio value fell 5.7% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2016, filed 14 Feb 2017.