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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
+0.07%
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
$18.4B
AUM Growth
-$1.1B
(-5.7%)
Cap. Flow
-$780M
Cap. Flow
% of AUM
-4.25%
Top 10 Holdings %
Top 10 Hldgs %
40.19%
Holding
562
New
65
Increased
161
Reduced
196
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$162M |
| 2 |
Incyte
INCY
|
+$120M |
| 3 |
Danaher
DHR
|
+$112M |
| 4 |
Autodesk
ADSK
|
+$95M |
| 5 |
Bank of America
BAC
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$245M |
| 2 |
Apple
AAPL
|
+$178M |
| 3 |
ASML
ASML
|
+$125M |
| 4 |
Altria Group
MO
|
+$119M |
| 5 |
AGN
Allergan plc
AGN
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.48% |
| 2 | Communication Services | 18.39% |
| 3 | Healthcare | 16.44% |
| 4 | Consumer Discretionary | 11.83% |
| 5 | Industrials | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DD
376
DELISTED
Du Pont De Nemours E I
DD
| $41K | ﹤0.01% |
560
-40
| -7% | -$2.84K |
|
377
NVIDIA
NVDA
$5.01T
| $39K | ﹤0.01% |
14,680
| – | – |
|
378
Target
TGT
$62.1B
| $38K | ﹤0.01% |
528
-68
| -11% | -$4.92K |
|
379
Viatris
VTRS
$20.1B
| $37K | ﹤0.01% |
974
| – | – |
|
|
K
380
DELISTED
Kellanova
K
| $36K | ﹤0.01% |
515
-16
| -3% | -$1.11K |
|
|
SPR
381
DELISTED
Spirit AeroSystems
SPR
| $36K | ﹤0.01% |
615
| – | – |
|
382
Accenture
ACN
$89.9B
| $33K | ﹤0.01% |
280
+59
| +27% | +$7K |
|
383
Bank of Montreal
BMO
$125B
| $33K | ﹤0.01% |
452
-199
| -31% | -$13.3K |
|
|
BHI
384
DELISTED
Baker Hughes
BHI
| $33K | ﹤0.01% |
509
+143
| +39% | +$8.49K |
|
385
Illinois Tool Works
ITW
$81.4B
| $32K | ﹤0.01% |
258
+119
| +86% | +$14.4K |
|
386
Lowe's Companies
LOW
$116B
| $32K | ﹤0.01% |
450
-318,167
| -100% | -$22.5M |
|
387
NextEra Energy
NEE
$187B
| $31K | ﹤0.01% |
1,032
+148
| +17% | +$4.42K |
|
388
Synchrony
SYF
$23.7B
| $31K | ﹤0.01% |
850
+299
| +54% | +$9.55K |
|
|
PX
389
DELISTED
Praxair Inc
PX
| $31K | ﹤0.01% |
265
| – | – |
|
|
PRXL
390
DELISTED
Parexel International Corp
PRXL
| $31K | ﹤0.01% |
475
| – | – |
|
391
WEC Energy
WEC
$37.7B
| $30K | ﹤0.01% |
519
+82
| +19% | +$4.7K |
|
392
Xcel Energy
XEL
$51B
| $30K | ﹤0.01% |
748
| – | – |
|
393
Monster Beverage
MNST
$91.4B
| $29K | ﹤0.01% |
1,320
| – | – |
|
394
Roper Technologies
ROP
$36.3B
| $28K | ﹤0.01% |
153
| – | – |
|
395
Sysco
SYY
$39.7B
| $27K | ﹤0.01% |
484
+96
| +25% | +$4.99K |
|
396
Scotiabank
BNS
$106B
| $23K | ﹤0.01% |
413
+86
| +26% | +$4.69K |
|
|
PPL
397
PPL Corp
PPL
$27.3B
| $23K | ﹤0.01% |
679
| – | – |
|
398
United Airlines
UAL
$38.4B
| $23K | ﹤0.01% |
311
-181
| -37% | -$11.5K |
|
|
NLSN
399
DELISTED
Nielsen Holdings plc
NLSN
| $23K | ﹤0.01% |
541
+90
| +20% | +$4.13K |
|
400
Campbell Soup
CPB
$6.51B
| $22K | ﹤0.01% |
367
| – | – |
|
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Fred Alger Management's Q4 2016 Portfolio in Review
As of Q4 2016, Fred Alger Management held 562 positions worth $18.4B, down 5.7% from $19.5B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Fred Alger Management withdrew a net $780M in Q4 2016, closing 78 positions and reducing 196 holdings. Its most notable exit was Norwegian Cruise Line, an estimated $89.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Fred Alger Management opened a new position in Autodesk worth $95.4M.
- Fred Alger Management's largest Q4 2016 buy was Autodesk: 1,289,679 shares worth $95.4M.
- Fred Alger Management added most to Intercontinental Exchange in Q4 2016, an estimated $162M increase.
- Fred Alger Management's biggest Q4 2016 reduction was Thermo Fisher Scientific, cutting an estimated $245M.
- Fred Alger Management fully exited Norwegian Cruise Line in Q4 2016, selling an estimated $89.1M.
- Fred Alger Management's ten largest holdings make up 40% of its $18.4B portfolio in Q4 2016.
- Fred Alger Management opened 65 new positions and closed 78 in Q4 2016.
- Fred Alger Management's portfolio value fell 5.7% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2016, filed 14 Feb 2017.