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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Lamar Advertising Co
LAMR
$16.5B
| $1.5M | 0.01% |
17,022
+2,584
| +18% | +$262K |
|
352
GSK
GSK
$108B
| $1.47M | 0.01% |
26,986
+2,442
| +10% | +$135K |
|
|
AMED
353
DELISTED
Amedisys
AMED
| $1.43M | 0.01% |
13,560
-11,732
| -46% | -$1.5M |
|
354
Philip Morris
PM
$312B
| $1.42M | 0.01% |
14,387
+1,544
| +12% | +$157K |
|
355
Wabtec
WAB
$51.7B
| $1.41M | 0.01% |
+17,166
| New | +$1.53M |
|
356
Cheniere Energy
CQP
$31B
| $1.35M | 0.01% |
30,012
+2,391
| +9% | +$126K |
|
|
ACCD
357
DELISTED
Accolade Inc
ACCD
| $1.32M | 0.01% |
+179,003
| New | +$1.57M |
|
358
Hartford Financial Services
HIG
$39.3B
| $1.28M | 0.01% |
19,599
+1,864
| +11% | +$131K |
|
359
Johnson Controls International
JCI
$85.6B
| $1.25M | 0.01% |
26,146
+3,660
| +16% | +$204K |
|
|
GRMN
360
Garmin
GRMN
$48.9B
| $1.25M | 0.01% |
12,698
+1,820
| +17% | +$192K |
|
361
Novartis
NVS
$304B
| $1.24M | 0.01% |
14,718
+1,375
| +10% | +$121K |
|
362
Doximity
DOCS
$3.85B
| $1.22M | 0.01% |
35,110
-195,288
| -85% | -$7.69M |
|
|
FORG
363
DELISTED
ForgeRock, Inc.
FORG
| $1.22M | 0.01% |
57,107
-1,149
| -2% | -$22.6K |
|
364
Oneok
OKE
$55.9B
| $1.2M | 0.01% |
21,646
+4,580
| +27% | +$297K |
|
|
HLVX
365
DELISTED
HilleVax
HLVX
| $1.18M | 0.01% |
+107,710
| New | +$1.28M |
|
366
AT&T
T
$169B
| $1.18M | 0.01% |
56,161
-17,183
| -23% | -$343K |
|
367
Cytek Biosciences
CTKB
$576M
| $1.14M | 0.01% |
106,391
-2,123
| -2% | -$21.1K |
|
|
PARA
368
DELISTED
Paramount Global Class B
PARA
| $1.03M | ﹤0.01% |
41,572
+4,703
| +13% | +$143K |
|
369
Cigna
CI
$79.6B
| $1.02M | ﹤0.01% |
3,885
| – | – |
|
370
Southern Copper
SCCO
$140B
| $1.02M | ﹤0.01% |
22,145
+1,926
| +10% | +$111K |
|
371
Equinix
EQIX
$102B
| $997K | ﹤0.01% |
1,517
-51
| -3% | -$35.3K |
|
372
Gilead Sciences
GILD
$167B
| $997K | ﹤0.01% |
16,130
+483
| +3% | +$29.9K |
|
373
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $917K | ﹤0.01% |
11,572
-2,005
| -15% | -$175K |
|
374
Sweetgreen
SG
$756M
| $867K | ﹤0.01% |
74,380
-1,478
| -2% | -$31.2K |
|
375
Dow Inc
DOW
$20.8B
| $853K | ﹤0.01% |
16,520
+512
| +3% | +$32.8K |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.