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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
ITCI
376
DELISTED
Intra-Cellular Therapies Inc.
ITCI
$867K ﹤0.01%
+12,534
New +$861K
ADSK icon
377
Autodesk
ADSK
$49.6B
$829K ﹤0.01%
3,184
– –
PRTA icon
378
Prothena Corp
PRTA
$440M
$817K ﹤0.01%
32,996
-728
-2% -$21.7K
ANAB icon
379
AnaptysBio
ANAB
$1.63B
$763K ﹤0.01%
+33,882
New +$802K
ZTS icon
380
Zoetis
ZTS
$31.9B
$759K ﹤0.01%
4,484
– –
IDYA icon
381
IDEAYA Biosciences
IDYA
$3.5B
$741K ﹤0.01%
16,882
-3,304
-16% -$142K
SYRE icon
382
Spyre Therapeutics
SYRE
$8.81B
$689K ﹤0.01%
+18,158
New +$526K
A icon
383
Agilent Technologies
A
$39.2B
$673K ﹤0.01%
4,624
– –
MREO
384
Mereo BioPharma
MREO
$50.3M
$643K ﹤0.01%
194,879
+92,348
+90% +$313K
IMCR icon
385
Immunocore
IMCR
$1.72B
$616K ﹤0.01%
9,479
+3,272
+53% +$225K
PTC icon
386
PTC
PTC
$15.7B
$614K ﹤0.01%
3,250
-267
-8% -$48.1K
URI icon
387
United Rentals
URI
$66.5B
$600K ﹤0.01%
+832
New +$534K
P
388
Everpure Inc
P
$25B
$598K ﹤0.01%
+11,511
New +$514K
EXAS
389
DELISTED
Exact Sciences
EXAS
$598K ﹤0.01%
8,654
-95,628
-92% -$6.05M
XYL icon
390
Xylem
XYL
$27.3B
$571K ﹤0.01%
4,421
– –
DE icon
391
Deere & Co
DE
$162B
$559K ﹤0.01%
1,362
-171
-11% -$65.5K
TWLO icon
392
Twilio
TWLO
$29B
$545K ﹤0.01%
+8,915
New +$587K
DLR icon
393
Digital Realty Trust
DLR
$71.5B
$542K ﹤0.01%
3,762
+263
+8% +$37.2K
TTEK icon
394
Tetra Tech
TTEK
$8.42B
$531K ﹤0.01%
14,375
-675
-4% -$23.4K
PDD icon
395
Pinduoduo
PDD
$124B
$513K ﹤0.01%
4,417
-2,483
-36% -$325K
ROP icon
396
Roper Technologies
ROP
$38.5B
$501K ﹤0.01%
894
+697
+354% +$380K
FLNC icon
397
Fluence Energy
FLNC
$1.79B
$492K ﹤0.01%
+28,379
New +$519K
FSLR icon
398
First Solar
FSLR
$22.1B
$482K ﹤0.01%
2,856
– –
ITGR icon
399
Integer Holdings
ITGR
$3.42B
$466K ﹤0.01%
+3,991
New +$424K
UFPT icon
400
UFP Technologies
UFPT
$1.97B
$465K ﹤0.01%
+1,842
New +$350K
14 15
16
17 18

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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.