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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 | |
|---|---|---|---|---|---|---|
401
AutoZone
AZO
$48.3B
| $21K | ﹤0.01% |
27
-21
| -44% | -$16.2K |
|
402
Cencora
COR
$60.3B
| $21K | ﹤0.01% |
265
-61
| -19% | -$4.76K |
|
403
Eversource Energy
ES
$28.2B
| $21K | ﹤0.01% |
381
| – | – |
|
404
Consolidated Edison
ED
$41.6B
| $19K | ﹤0.01% |
264
| – | – |
|
405
Edison International
EIX
$30.7B
| $19K | ﹤0.01% |
263
+56
| +27% | +$3.95K |
|
|
B
406
Barrick Mining
B
$62.2B
| $19K | ﹤0.01% |
1,183
+511
| +76% | +$8.1K |
|
407
Valero Energy
VLO
$89.8B
| $18K | ﹤0.01% |
265
-255
| -49% | -$15.7K |
|
|
ULTI
408
DELISTED
Ultimate Software Group Inc
ULTI
| $18K | ﹤0.01% |
100
-40,990
| -100% | -$8.21M |
|
409
Canadian Imperial Bank of Commerce
CM
$107B
| $17K | ﹤0.01% |
406
-448
| -52% | -$17.6K |
|
410
Nabors Industries
NBR
$1.23B
| $17K | ﹤0.01% |
+21
| New | +$14.8K |
|
411
PG&E
PCG
$47.8B
| $17K | ﹤0.01% |
284
+146
| +106% | +$8.74K |
|
412
SLB Ltd
SLB
$77.8B
| $17K | ﹤0.01% |
207
-146
| -41% | -$12K |
|
413
Keurig Dr Pepper
KDP
$40.4B
| $16K | ﹤0.01% |
181
| – | – |
|
|
RAI
414
DELISTED
Reynolds American Inc
RAI
| $16K | ﹤0.01% |
285
| – | – |
|
415
Fair Isaac
FICO
$28.7B
| $15K | ﹤0.01% |
130
-54,203
| -100% | -$6.44M |
|
416
Southern Company
SO
$110B
| $15K | ﹤0.01% |
298
| – | – |
|
417
Mondelez International
MDLZ
$77.7B
| $14K | ﹤0.01% |
309
-238
| -44% | -$10.3K |
|
418
Republic Services
RSG
$66.7B
| $14K | ﹤0.01% |
244
+175
| +254% | +$9.38K |
|
419
AbbVie
ABBV
$458B
| $13K | ﹤0.01% |
200
| – | – |
|
|
RTN
420
DELISTED
Raytheon Company
RTN
| $13K | ﹤0.01% |
90
| – | – |
|
421
Duke Energy
DUK
$102B
| $12K | ﹤0.01% |
155
-8,532
| -98% | -$653K |
|
422
Equity Residential
EQR
$25.4B
| $12K | ﹤0.01% |
179
| – | – |
|
423
Kimberly-Clark
KMB
$36.4B
| $12K | ﹤0.01% |
105
| – | – |
|
424
Constellation Brands
STZ
$22.2B
| $12K | ﹤0.01% |
77
-9,212
| -99% | -$1.46M |
|
425
Universal Health Services
UHS
$9.43B
| $12K | ﹤0.01% |
115
-165,860
| -100% | -$19.6M |
|
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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.