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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Trex
TREX
$4.51B
| $1.85M | 0.01% |
38,051
-55,664
| -59% | -$2.82M |
|
|
SEMR
352
DELISTED
Semrush
SEMR
| $1.84M | 0.01% |
183,544
-14,314
| -7% | -$126K |
|
353
Sarepta Therapeutics
SRPT
$1.57B
| $1.84M | 0.01% |
13,374
+5,852
| +78% | +$759K |
|
354
Hartford Financial Services
HIG
$38.9B
| $1.83M | 0.01% |
26,249
+1,294
| +5% | +$96.1K |
|
355
Novartis
NVS
$297B
| $1.75M | 0.01% |
19,045
+910
| +5% | +$79.5K |
|
356
HCA Healthcare
HCA
$87.2B
| $1.74M | 0.01% |
+6,587
| New | +$1.67M |
|
357
Gilead Sciences
GILD
$162B
| $1.73M | 0.01% |
20,838
+1,010
| +5% | +$83.7K |
|
|
GRMN
358
Garmin
GRMN
$56.7B
| $1.72M | 0.01% |
16,995
+835
| +5% | +$81.5K |
|
359
Oneok
OKE
$57.2B
| $1.71M | 0.01% |
26,840
+1,322
| +5% | +$87.8K |
|
360
Stevanato
STVN
$5.42B
| $1.7M | 0.01% |
+65,516
| New | +$1.41M |
|
361
National Vision
EYE
$1.77B
| $1.57M | 0.01% |
83,077
+80,231
| +2,819% | +$2.61M |
|
|
MASI
362
DELISTED
Masimo
MASI
| $1.56M | 0.01% |
+8,476
| New | +$1.43M |
|
363
Teleflex
TFX
$6.05B
| $1.53M | 0.01% |
+6,057
| New | +$1.47M |
|
364
Newmont
NEM
$98.7B
| $1.53M | 0.01% |
31,158
+11,198
| +56% | +$543K |
|
365
Blackstone Mortgage Trust
BXMT
$2.45B
| $1.49M | 0.01% |
83,546
+2,738
| +3% | +$58.4K |
|
366
General Dynamics
GD
$104B
| $1.45M | 0.01% |
6,349
-2,746
| -30% | -$634K |
|
|
HLVX
367
DELISTED
HilleVax
HLVX
| $1.44M | 0.01% |
87,043
-20,667
| -19% | -$331K |
|
368
Arcus Biosciences
RCUS
$3.55B
| $1.42M | 0.01% |
77,911
-573,601
| -88% | -$11M |
|
369
AT&T
T
$159B
| $1.36M | 0.01% |
70,437
+3,339
| +5% | +$63.8K |
|
|
PETQ
370
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.36M | 0.01% |
118,505
-740,782
| -86% | -$8.23M |
|
371
Compass Therapeutics
CMPX
$344M
| $1.32M | 0.01% |
403,062
-205,474
| -34% | -$807K |
|
372
Larimar Therapeutics
LRMR
$397M
| $1.29M | 0.01% |
+285,735
| New | +$1.49M |
|
373
Digital Turbine
APPS
$975M
| $1.27M | 0.01% |
102,910
+40
| +0% | +$537 |
|
374
Phreesia
PHR
$663M
| $1.26M | 0.01% |
+39,000
| New | +$1.37M |
|
375
nCino
NCNO
$2.02B
| $1.24M | 0.01% |
50,000
+35,126
| +236% | +$926K |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.