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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Amgen
AMGN
$209B
| $1.76M | 0.01% |
7,824
-151,871
| -95% | -$36.8M |
|
352
Welltower
WELL
$170B
| $1.7M | 0.01% |
26,496
+3,086
| +13% | +$241K |
|
353
Xenon Pharmaceuticals
XENE
$6.2B
| $1.63M | 0.01% |
+45,143
| New | +$1.62M |
|
354
Lamar Advertising Co
LAMR
$16.3B
| $1.62M | 0.01% |
19,677
+2,655
| +16% | +$253K |
|
355
Cytek Biosciences
CTKB
$557M
| $1.57M | 0.01% |
106,391
| – | – |
|
356
RTX Corp
RTX
$289B
| $1.53M | 0.01% |
18,681
+2,376
| +15% | +$215K |
|
357
Johnson Controls International
JCI
$87.2B
| $1.49M | 0.01% |
30,357
+4,211
| +16% | +$223K |
|
358
Digital Turbine
APPS
$990M
| $1.48M | 0.01% |
102,862
+21
| +0% | +$401 |
|
359
Oracle
ORCL
$367B
| $1.44M | 0.01% |
23,561
+23,288
| +8,530% | +$1.7M |
|
360
Compass Therapeutics
CMPX
$349M
| $1.39M | 0.01% |
608,536
| – | – |
|
361
Parker-Hannifin
PH
$121B
| $1.38M | 0.01% |
+5,675
| New | +$1.54M |
|
362
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $1.36M | 0.01% |
6,592
-9,309
| -59% | -$2.1M |
|
363
Hartford Financial Services
HIG
$39.2B
| $1.32M | 0.01% |
21,380
+1,781
| +9% | +$116K |
|
364
Philip Morris
PM
$299B
| $1.3M | 0.01% |
15,666
+1,279
| +9% | +$122K |
|
365
Novartis
NVS
$301B
| $1.27M | 0.01% |
16,714
+1,996
| +14% | +$165K |
|
366
Oneok
OKE
$56.1B
| $1.21M | 0.01% |
23,663
+2,017
| +9% | +$120K |
|
|
GRMN
367
Garmin
GRMN
$57.4B
| $1.19M | 0.01% |
14,830
+2,132
| +17% | +$201K |
|
|
CTLT
368
DELISTED
CATALENT, INC.
CTLT
| $1.18M | 0.01% |
16,321
-727,962
| -98% | -$72.3M |
|
369
Gilead Sciences
GILD
$163B
| $1.14M | 0.01% |
18,484
+2,354
| +15% | +$148K |
|
370
Southern Copper
SCCO
$145B
| $1.11M | 0.01% |
26,667
+4,522
| +20% | +$200K |
|
371
Doximity
DOCS
$3.82B
| $1.06M | 0.01% |
35,118
+8
| +0% | +$293 |
|
372
Flex
FLEX
$41B
| $946K | ﹤0.01% |
75,380
| – | – |
|
373
Ryan Specialty Holdings
RYAN
$5.71B
| $939K | ﹤0.01% |
+23,106
| New | +$975K |
|
374
AT&T
T
$159B
| $931K | ﹤0.01% |
60,693
+4,532
| +8% | +$82.5K |
|
375
Equinix
EQIX
$103B
| $863K | ﹤0.01% |
1,517
| – | – |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.