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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
+13.37%
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
$18B
AUM Growth
+$1.16B
(+6.9%)
Cap. Flow
-$594M
Cap. Flow
% of AUM
-3.3%
Top 10 Holdings %
Top 10 Hldgs %
17.99%
Holding
623
New
59
Increased
174
Reduced
273
Closed
46
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$142M |
| 2 |
Macy's
M
|
+$120M |
| 3 |
DNR
Denbury Resources, Inc.
DNR
|
+$100M |
| 4 |
Meta Platforms (Facebook)
META
|
+$78.9M |
| 5 |
WFT
Weatherford International plc
WFT
|
+$75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$148M |
| 2 |
HCA Healthcare
HCA
|
+$126M |
| 3 |
IBM
IBM
|
+$115M |
| 4 |
Valero Energy
VLO
|
+$105M |
| 5 |
TWO
Two Harbors Investment
TWO
|
+$91.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.44% |
| 2 | Technology | 15.6% |
| 3 | Healthcare | 13.79% |
| 4 | Industrials | 12.47% |
| 5 | Communication Services | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Cigna
CI
$77B
| $1.09M | 0.01% |
14,135
| – | – |
|
|
KRFT
402
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $1.01M | 0.01% |
19,218
+90
| +0.5% | +$4.93K |
|
403
Darden Restaurants
DRI
$23.4B
| $984K | 0.01% |
23,788
-391
| -2% | -$17K |
|
404
Wolfspeed
WOLF
$1.24B
| $949K | 0.01% |
15,775
+790
| +5% | +$50.3K |
|
405
Williams Companies
WMB
$86.6B
| $937K | 0.01% |
25,766
| – | – |
|
406
Tetra Tech
TTEK
$8.28B
| $897K | 0.01% |
173,275
-7,273,150
| -98% | -$34.9M |
|
407
LyondellBasell Industries
LYB
$18.9B
| $860K | ﹤0.01% |
11,740
-200
| -2% | -$13.9K |
|
408
Duke Energy
DUK
$100B
| $848K | ﹤0.01% |
12,695
| – | – |
|
409
Johnson Controls International
JCI
$87.5B
| $842K | ﹤0.01% |
19,367
+5,128
| +36% | +$217K |
|
|
HTWR
410
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $814K | ﹤0.01% |
11,115
-177,263
| -94% | -$15.1M |
|
|
CVA
411
DELISTED
Covanta Holding Corporation
CVA
| $806K | ﹤0.01% |
37,680
| – | – |
|
412
Warner Bros
WBD
$63.4B
| $743K | ﹤0.01% |
17,216
-1,074
| -6% | -$44.6K |
|
413
Waste Management
WM
$95.5B
| $731K | ﹤0.01% |
17,735
| – | – |
|
414
Woodward
WWD
$25B
| $716K | ﹤0.01% |
17,545
| – | – |
|
415
FedEx
FDX
$73.5B
| $599K | ﹤0.01% |
5,248
-2,868
| -35% | -$310K |
|
416
First Solar
FSLR
$22.1B
| $590K | ﹤0.01% |
14,680
-3,705
| -20% | -$157K |
|
417
Walt Disney
DIS
$168B
| $580K | ﹤0.01% |
8,997
-996,414
| -99% | -$63.9M |
|
|
EMC
418
DELISTED
EMC CORPORATION
EMC
| $565K | ﹤0.01% |
22,086
-131
| -0.6% | -$3.4K |
|
419
Crown Holdings
CCK
$12.9B
| $526K | ﹤0.01% |
12,450
-406,411
| -97% | -$17.8M |
|
|
ALTR
420
DELISTED
Altera Corp
ALTR
| $525K | ﹤0.01% |
14,140
| – | – |
|
|
NBIS
421
Nebius Group N.V.
NBIS
$47.7B
| $514K | ﹤0.01% |
14,100
+3,800
| +37% | +$125K |
|
422
Norfolk Southern
NSC
$77.1B
| $509K | ﹤0.01% |
6,575
| – | – |
|
423
Aecom
ACM
$9.12B
| $497K | ﹤0.01% |
15,890
| – | – |
|
|
BRCM
424
DELISTED
BROADCOM CORP CL-A
BRCM
| $474K | ﹤0.01% |
18,220
-483
| -3% | -$13.6K |
|
425
Itron
ITRI
$3.76B
| $473K | ﹤0.01% |
11,050
| – | – |
|
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Fred Alger Management's Q3 2013 Portfolio in Review
As of Q3 2013, Fred Alger Management held 623 positions worth $18B, up 6.9% from $16.8B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Fred Alger Management withdrew a net $594M in Q3 2013, closing 46 positions and reducing 273 holdings. Its most notable exit was Texas Capital Bancshares, an estimated $33.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Fred Alger Management opened a new position in Yum! Brands worth $68.5M.
- Fred Alger Management's largest Q3 2013 buy was Yum! Brands: 1,335,599 shares worth $68.5M.
- Fred Alger Management added most to Ralph Lauren in Q3 2013, an estimated $142M increase.
- Fred Alger Management's biggest Q3 2013 reduction was Apple, cutting an estimated $148M.
- Fred Alger Management fully exited Texas Capital Bancshares in Q3 2013, selling an estimated $33.4M.
- Fred Alger Management's ten largest holdings make up 18% of its $18B portfolio in Q3 2013.
- Fred Alger Management opened 59 new positions and closed 46 in Q3 2013.
- Fred Alger Management's portfolio value rose 6.9% quarter-over-quarter to $18B.
Based on Fred Alger Management's 13F filing for Q3 2013, filed 14 Nov 2013.