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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 | |
|---|---|---|---|---|---|---|
401
Biomea Fusion
BMEA
$84.6M
| $518K | ﹤0.01% |
+16,689
| New | +$207K |
|
402
10x Genomics
TXG
$6B
| $492K | ﹤0.01% |
+8,820
| New | +$412K |
|
403
Synopsys
SNPS
$74.4B
| $473K | ﹤0.01% |
1,224
-619
| -34% | -$221K |
|
404
Rockwell Automation
ROK
$53.4B
| $470K | ﹤0.01% |
1,603
| – | – |
|
405
Immunovant
IMVT
$7.93B
| $457K | ﹤0.01% |
+29,443
| New | +$511K |
|
406
MaxCyte
MXCT
$112M
| $454K | ﹤0.01% |
91,759
| – | – |
|
|
ACLX
407
DELISTED
Arcellx
ACLX
| $443K | ﹤0.01% |
14,374
-4,059
| -22% | -$123K |
|
408
Viking Therapeutics
VKTX
$3.7B
| $443K | ﹤0.01% |
+26,597
| New | +$275K |
|
409
iRhythm Holdings
IRTC
$3.85B
| $430K | ﹤0.01% |
+3,467
| New | +$376K |
|
|
CYBR
410
DELISTED
CyberArk
CYBR
| $380K | ﹤0.01% |
2,567
-59,368
| -96% | -$8.3M |
|
411
Allegion
ALLE
$13.4B
| $350K | ﹤0.01% |
3,277
| – | – |
|
|
EBIX
412
DELISTED
Ebix Inc
EBIX
| $321K | ﹤0.01% |
24,337
-220,943
| -90% | -$3.84M |
|
413
Pool Corp
POOL
$6.75B
| $319K | ﹤0.01% |
932
| – | – |
|
414
Trimble
TRMB
$13.2B
| $310K | ﹤0.01% |
5,921
-1,432
| -19% | -$76.4K |
|
415
Quanta Services
PWR
$100B
| $293K | ﹤0.01% |
1,759
+129
| +8% | +$19.8K |
|
|
NUVL
416
DELISTED
Nuvalent
NUVL
| $280K | ﹤0.01% |
10,724
-1,064
| -9% | -$31.5K |
|
417
Karyopharm Therapeutics
KPTI
$43.5M
| $270K | ﹤0.01% |
+4,628
| New | +$228K |
|
418
Protagonist Therapeutics
PTGX
$8.79B
| $267K | ﹤0.01% |
+11,605
| New | +$195K |
|
419
Goosehead Insurance
GSHD
$2.2B
| $261K | ﹤0.01% |
4,996
-4,347
| -47% | -$189K |
|
420
Immunocore
IMCR
$1.72B
| $250K | ﹤0.01% |
5,047
-3,312
| -40% | -$186K |
|
421
ADC Therapeutics
ADCT
$134M
| $246K | ﹤0.01% |
+125,985
| New | +$465K |
|
422
Guardant Health
GH
$21.5B
| $234K | ﹤0.01% |
10,000
-478
| -5% | -$13.7K |
|
423
Harrow
HROW
$1.45B
| $205K | ﹤0.01% |
+9,685
| New | +$165K |
|
|
TERN
424
DELISTED
Terns Pharmaceuticals
TERN
| $193K | ﹤0.01% |
+16,276
| New | +$156K |
|
425
Fair Isaac
FICO
$24.3B
| $171K | ﹤0.01% |
243
+72
| +42% | +$47.9K |
|
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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.