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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
+8.28%
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
$20.6B
AUM Growth
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ILMN icon
351
Illumina
ILMN
$31B
$1.12M 0.01%
+8,597
New +$1.06M
BKNG icon
352
Booking.com
BKNG
$150B
$1.01M ﹤0.01%
+5,975
New +$917K
KYMR icon
353
Kymera Therapeutics
KYMR
$8.8B
$859K ﹤0.01%
+18,141
New +$801K
AXSM icon
354
Axsome Therapeutics
AXSM
$12.1B
$851K ﹤0.01%
+9,466
New +$826K
SN icon
355
SharkNinja
SN
$23.1B
$810K ﹤0.01%
+7,455
New +$648K
RNAM
356
DELISTED
Avidity Biosciences
RNAM
$796K ﹤0.01%
17,320
+1,695
+11% +$73.6K
BIDU icon
357
Baidu
BIDU
$36.5B
$790K ﹤0.01%
+7,500
New +$662K
MCK icon
358
McKesson
MCK
$101B
$782K ﹤0.01%
1,581
-240,681
-99% -$134M
ZTS icon
359
Zoetis
ZTS
$31.9B
$776K ﹤0.01%
3,973
– –
AFRM icon
360
Affirm
AFRM
$24.5B
$723K ﹤0.01%
+17,711
New +$588K
ADSK icon
361
Autodesk
ADSK
$49.6B
$720K ﹤0.01%
2,612
– –
IOT icon
362
Samsara
IOT
$20.9B
$692K ﹤0.01%
14,389
+10,915
+314% +$442K
CON
363
Concentra Group Holdings
CON
$4.05B
$689K ﹤0.01%
+30,808
New +$711K
INTU icon
364
Intuit
INTU
$86.3B
$680K ﹤0.01%
1,095
-19,641
-95% -$12.5M
WAY
365
Waystar Holding Corp
WAY
$4.02B
$679K ﹤0.01%
24,348
-53,439
-69% -$1.32M
FSLR icon
366
First Solar
FSLR
$22.1B
$667K ﹤0.01%
2,675
-816
-23% -$184K
ERAS icon
367
Erasca
ERAS
$6.48B
$630K ﹤0.01%
+230,854
New +$650K
JOBY icon
368
Joby Aviation
JOBY
$7.12B
$621K ﹤0.01%
123,368
+58,229
+89% +$317K
CRH icon
369
CRH
CRH
$64.1B
$610K ﹤0.01%
+6,577
New +$552K
ANAB icon
370
AnaptysBio
ANAB
$1.63B
$602K ﹤0.01%
+17,958
New +$613K
PRAX icon
371
Praxis Precision Medicines
PRAX
$8.58B
$600K ﹤0.01%
10,423
+7,828
+302% +$423K
MASI
372
DELISTED
Masimo
MASI
$595K ﹤0.01%
+4,459
New +$517K
XYL icon
373
Xylem
XYL
$27.3B
$569K ﹤0.01%
4,215
-206
-5% -$27.6K
EWTX icon
374
Edgewise Therapeutics
EWTX
$4.42B
$564K ﹤0.01%
+21,128
New +$420K
FRPT icon
375
Freshpet
FRPT
$2.98B
$558K ﹤0.01%
4,079
+1,698
+71% +$222K
13 14
15
16 17

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.