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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SLRN
376
DELISTED
ACELYRIN
SLRN
| $541K | ﹤0.01% |
53,206
-956,843
| -95% | -$20.3M |
|
377
Estee Lauder
EL
$30.7B
| $541K | ﹤0.01% |
3,741
-10,806
| -74% | -$1.8M |
|
378
Tango Therapeutics
TNGX
$4.49B
| $533K | ﹤0.01% |
+47,337
| New | +$289K |
|
379
PTC
PTC
$15.7B
| $528K | ﹤0.01% |
3,726
+3,364
| +929% | +$481K |
|
380
Synopsys
SNPS
$71.3B
| $528K | ﹤0.01% |
1,150
+20
| +2% | +$8.95K |
|
381
Agilent Technologies
A
$39.2B
| $517K | ﹤0.01% |
4,624
-439
| -9% | -$52.6K |
|
382
Ball Corp
BALL
$17.4B
| $493K | ﹤0.01% |
9,903
-108,716
| -92% | -$5.93M |
|
383
Tetra Tech
TTEK
$8.42B
| $484K | ﹤0.01% |
15,915
-855
| -5% | -$27.8K |
|
|
GOOS
384
Canada Goose Holdings
GOOS
$904M
| $464K | ﹤0.01% |
31,657
-60,687
| -66% | -$990K |
|
385
Larimar Therapeutics
LRMR
$398M
| $459K | ﹤0.01% |
116,269
+21,331
| +22% | +$80.7K |
|
386
Rockwell Automation
ROK
$52.4B
| $458K | ﹤0.01% |
1,603
| – | – |
|
387
CI&T Inc
CINT
$414M
| $437K | ﹤0.01% |
67,182
-1,422,759
| -95% | -$8.35M |
|
388
lululemon athletica
LULU
$13.6B
| $422K | ﹤0.01% |
1,094
-5,641
| -84% | -$2.16M |
|
389
Xylem
XYL
$27.3B
| $402K | ﹤0.01% |
4,421
-180
| -4% | -$18.6K |
|
390
Goosehead Insurance
GSHD
$2.27B
| $372K | ﹤0.01% |
4,996
| – | – |
|
391
IDEAYA Biosciences
IDYA
$3.5B
| $363K | ﹤0.01% |
+13,470
| New | +$342K |
|
392
Canadian Pacific Kansas City
CP
$78.3B
| $360K | ﹤0.01% |
+4,836
| New | +$384K |
|
393
Allegion
ALLE
$13.4B
| $341K | ﹤0.01% |
3,277
| – | – |
|
|
JBIO
394
Jade Biosciences
JBIO
$1.22B
| $336K | ﹤0.01% |
707
-947
| -57% | -$513K |
|
395
Saia
SAIA
$9.33B
| $326K | ﹤0.01% |
+819
| New | +$330K |
|
396
Trimble
TRMB
$13.3B
| $319K | ﹤0.01% |
5,921
-27,580
| -82% | -$1.46M |
|
397
iShares Russell 2000 Growth ETF
IWO
$14.4B
| $310K | ﹤0.01% |
+1,382
| New | +$331K |
|
398
indie Semiconductor
INDI
$668M
| $275K | ﹤0.01% |
+43,594
| New | +$337K |
|
399
Walt Disney
DIS
$167B
| $255K | ﹤0.01% |
3,141
-6,750
| -68% | -$576K |
|
400
EPAM Systems
EPAM
$5.42B
| $252K | ﹤0.01% |
986
| – | – |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.