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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
Cap. Flow
-$1.39B
Cap. Flow %
-7.99%
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$275M
2
PINS icon
Pinterest
PINS
+$127M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$119M
4
HUM icon
Humana
HUM
+$61.6M
5
ADBE icon
Adobe
ADBE
+$58.6M

Top Sells

Rank Stock Value
1
LVS icon
Las Vegas Sands
LVS
+$135M
2
JPM icon
JPMorgan Chase
JPM
+$122M
3
MELI icon
Mercado Libre
MELI
+$115M
4
TDG icon
TransDigm Group
TDG
+$101M
5
GEHC icon
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
IWF icon
401
iShares Russell 1000 Growth ETF
IWF
$120B
$242K ﹤0.01%
+3,640
New +$251K
ETSY icon
402
Etsy
ETSY
$7.89B
$234K ﹤0.01%
+3,617
New +$285K
MTZ icon
403
MasTec
MTZ
$25.6B
$225K ﹤0.01%
3,121
-5,811
-65% -$579K
IMCR icon
404
Immunocore
IMCR
$1.72B
$218K ﹤0.01%
4,205
-2,359
-36% -$140K
PYPL icon
405
PayPal
PYPL
$49.3B
$194K ﹤0.01%
3,323
-2,022
-38% -$132K
IMA
406
ImageneBio Inc
IMA
$67.2M
$186K ﹤0.01%
3,576
+138
+4% +$8.31K
ATMU icon
407
Atmus Filtration Technologies
ATMU
$4.22B
$180K ﹤0.01%
8,641
– –
JBL icon
408
Jabil
JBL
$32.3B
$179K ﹤0.01%
1,408
– –
GRCL
409
DELISTED
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
$177K ﹤0.01%
61,578
-34,234
-36% -$125K
DLR icon
410
Digital Realty Trust
DLR
$71.5B
$154K ﹤0.01%
+1,272
New +$156K
FICO icon
411
Fair Isaac
FICO
$26.4B
$142K ﹤0.01%
164
– –
IWP icon
412
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
$141K ﹤0.01%
+1,548
New +$148K
GE icon
413
GE Aerospace
GE
$368B
$137K ﹤0.01%
1,554
– –
CHGG icon
414
Chegg
CHGG
$118M
$131K ﹤0.01%
14,668
– –
AJG icon
415
Arthur J. Gallagher & Co
AJG
$65.9B
$128K ﹤0.01%
561
– –
RVMD icon
416
Revolution Medicines
RVMD
$40.9B
$126K ﹤0.01%
+4,542
New +$135K
APLS
417
DELISTED
Apellis Pharmaceuticals
APLS
$112K ﹤0.01%
2,949
-179,046
-98% -$7.86M
EXP icon
418
Eagle Materials
EXP
$6.35B
$103K ﹤0.01%
621
– –
W icon
419
Wayfair
W
$11.9B
$86.9K ﹤0.01%
1,435
– –
AWEG
420
DELISTED
Alger Weatherbie Enduring Growth ETF
AWEG
$86.5K ﹤0.01%
4,395
– –
ALSN icon
421
Allison Transmission
ALSN
$9.57B
$85.2K ﹤0.01%
1,442
-7
-0.5% -$412
TT icon
422
Trane Technologies
TT
$97.3B
$84.8K ﹤0.01%
418
-200
-32% -$40.1K
LECO icon
423
Lincoln Electric
LECO
$13.7B
$72.5K ﹤0.01%
399
– –
ENPH icon
424
Enphase Energy
ENPH
$4.94B
$68.7K ﹤0.01%
572
-50,435
-99% -$7.18M
DSGX icon
425
Descartes Systems
DSGX
$6.39B
$63.1K ﹤0.01%
860
– –
15 16
17
18 19

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CHP
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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.