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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 | |
|---|---|---|---|---|---|---|
376
Flex
FLEX
$41.7B
| $1.21M | 0.01% |
70,022
-5,358
| -7% | -$92.7K |
|
|
FORG
377
DELISTED
ForgeRock, Inc.
FORG
| $1.18M | 0.01% |
57,134
+21
| +0% | +$426 |
|
|
INST
378
DELISTED
Instructure Holdings, Inc.
INST
| $1.17M | 0.01% |
+44,988
| New | +$1.16M |
|
379
Dow Inc
DOW
$21.9B
| $1.16M | 0.01% |
21,158
+1,028
| +5% | +$57.8K |
|
380
Carlyle Group
CG
$16.6B
| $1.14M | 0.01% |
36,696
-38,699
| -51% | -$1.29M |
|
381
Doximity
DOCS
$3.76B
| $1.14M | 0.01% |
35,134
+14
| +0% | +$464 |
|
382
Maravai LifeSciences
MRVI
$969M
| $1.12M | 0.01% |
80,254
+32
| +0% | +$460 |
|
383
GSK
GSK
$104B
| $1.12M | 0.01% |
31,591
+1,529
| +5% | +$53.5K |
|
384
Prothena Corp
PRTA
$425M
| $1.03M | 0.01% |
+21,319
| New | +$1.13M |
|
385
XPO
XPO
$23.6B
| $1.03M | 0.01% |
32,307
-2,735
| -8% | -$98.5K |
|
386
Equinix
EQIX
$101B
| $999K | 0.01% |
1,386
-131
| -9% | -$92.2K |
|
387
Cytek Biosciences
CTKB
$545M
| $982K | 0.01% |
106,841
+18
| +0% | +$194 |
|
388
Okta
OKTA
$24.7B
| $800K | ﹤0.01% |
9,275
+3,007
| +48% | +$229K |
|
389
Floor & Decor
FND
$6.22B
| $796K | ﹤0.01% |
+8,107
| New | +$729K |
|
390
Option Care Health
OPCH
$3.45B
| $795K | ﹤0.01% |
25,032
-40,149
| -62% | -$1.2M |
|
391
American Express
AXP
$227B
| $776K | ﹤0.01% |
4,706
+106
| +2% | +$17.6K |
|
392
New Oriental
EDU
$9.37B
| $714K | ﹤0.01% |
18,500
-5,500
| -23% | -$222K |
|
393
Accenture
ACN
$102B
| $688K | ﹤0.01% |
2,407
| – | – |
|
394
Autodesk
ADSK
$49.5B
| $663K | ﹤0.01% |
3,184
| – | – |
|
395
Deere & Co
DE
$160B
| $647K | ﹤0.01% |
1,566
-98,477
| -98% | -$40.8M |
|
396
Aptiv
APTV
$12B
| $637K | ﹤0.01% |
5,682
| – | – |
|
397
Entegris
ENTG
$18.1B
| $607K | ﹤0.01% |
+7,403
| New | +$600K |
|
398
Xylem
XYL
$27.3B
| $604K | ﹤0.01% |
5,766
+180
| +3% | +$18.8K |
|
399
Personalis
PSNL
$1.35B
| $577K | ﹤0.01% |
209,152
+52
| +0% | +$146 |
|
400
Tetra Tech
TTEK
$8.49B
| $549K | ﹤0.01% |
18,700
+1,530
| +9% | +$44.2K |
|
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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.