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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
ANRO icon
351
Alto Neuroscience
ANRO
$1.05B
$1.81M 0.01%
+118,016
New +$1.85M
CDXS icon
352
Codexis
CDXS
$151M
$1.77M 0.01%
508,095
+75,106
+17% +$237K
GSK icon
353
GSK
GSK
$104B
$1.76M 0.01%
41,068
+7,079
+21% +$292K
FITB
354
Fifth Third Bancorp
FITB
$51.2B
$1.74M 0.01%
+46,866
New +$1.63M
MXCT icon
355
MaxCyte
MXCT
$112M
$1.67M 0.01%
399,162
-7,934
-2% -$37.2K
BPMC
356
DELISTED
Blueprint Medicines
BPMC
$1.6M 0.01%
+16,913
New +$1.45M
DOW icon
357
Dow Inc
DOW
$21.9B
$1.47M 0.01%
25,426
+4,066
+19% +$225K
PLRX icon
358
Pliant Therapeutics
PLRX
$64.4M
$1.45M 0.01%
97,082
-24,705
-20% -$408K
PLTR icon
359
Palantir
PLTR
$295B
$1.41M 0.01%
+61,429
New +$1.31M
RCUS icon
360
Arcus Biosciences
RCUS
$3.55B
$1.39M 0.01%
73,498
-1,689
-2% -$29.2K
AMAT icon
361
Applied Materials
AMAT
$403B
$1.36M 0.01%
+6,610
New +$1.21M
JBIO
362
Jade Biosciences
JBIO
$1.2B
$1.29M 0.01%
1,251
+209
+20% +$160K
FBRX icon
363
Forte Biosciences
FBRX
$1.57B
$1.28M 0.01%
73,559
– –
TOST icon
364
Toast
TOST
$18.7B
$1.24M 0.01%
49,605
+43,465
+708% +$900K
FLEX icon
365
Flex
FLEX
$41.7B
$1.22M 0.01%
42,562
-13,918
-25% -$365K
VLTO icon
366
Veralto
VLTO
$23B
$1.18M 0.01%
13,310
-13,017
-49% -$1.08M
KVUE icon
367
Kenvue
KVUE
$36.9B
$1.18M 0.01%
54,769
+2,889
+6% +$58.6K
ACN icon
368
Accenture
ACN
$102B
$1.15M 0.01%
3,319
+1,366
+70% +$498K
DNTH icon
369
Dianthus Therapeutics
DNTH
$5.84B
$1.09M 0.01%
36,367
-4,474
-11% -$97.2K
RRX icon
370
Regal Rexnord
RRX
$13.7B
$1.02M 0.01%
+5,645
New +$879K
RDDT icon
371
Reddit
RDDT
$27.1B
$984K ﹤0.01%
+19,955
New +$1.09M
QTRX icon
372
Quanterix
QTRX
$164M
$968K ﹤0.01%
41,098
-908
-2% -$22.5K
MRUS
373
DELISTED
Merus
MRUS
$927K ﹤0.01%
+20,597
New +$835K
FLUT icon
374
Flutter Entertainment
FLUT
$18.1B
$893K ﹤0.01%
+4,522
New +$965K
SAIA icon
375
Saia
SAIA
$9.25B
$880K ﹤0.01%
1,504
+530
+54% +$277K
13 14
15
16 17

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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.