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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Saia
SAIA
$10.5B
| $427K | ﹤0.01% |
974
+155
| +19% | +$62.6K |
|
402
Dianthus Therapeutics
DNTH
$5.69B
| $425K | ﹤0.01% |
+40,841
| New | +$451K |
|
403
Immunocore
IMCR
$1.7B
| $424K | ﹤0.01% |
6,207
+2,002
| +48% | +$104K |
|
404
Allegion
ALLE
$13.5B
| $415K | ﹤0.01% |
3,277
| – | – |
|
|
DOCU
405
DocuSign
DOCU
$11.1B
| $397K | ﹤0.01% |
+6,677
| New | +$306K |
|
406
Larimar Therapeutics
LRMR
$377M
| $394K | ﹤0.01% |
86,561
-29,708
| -26% | -$100K |
|
407
Goosehead Insurance
GSHD
$2.51B
| $379K | ﹤0.01% |
4,996
| – | – |
|
408
Trimble
TRMB
$13.6B
| $315K | ﹤0.01% |
5,921
| – | – |
|
409
Etsy
ETSY
$8.12B
| $294K | ﹤0.01% |
3,632
+15
| +0.4% | +$1.07K |
|
|
MREO
410
Mereo BioPharma
MREO
$48.9M
| $237K | ﹤0.01% |
+102,531
| New | +$196K |
|
411
InterDigital
IDCC
$6.75B
| $229K | ﹤0.01% |
+2,107
| New | +$195K |
|
412
Atmus Filtration Technologies
ATMU
$4.12B
| $201K | ﹤0.01% |
8,556
-85
| -1% | -$1.82K |
|
413
Fair Isaac
FICO
$31.8B
| $191K | ﹤0.01% |
164
| – | – |
|
414
Jabil
JBL
$30.1B
| $179K | ﹤0.01% |
1,408
| – | – |
|
415
Chegg
CHGG
$116M
| $167K | ﹤0.01% |
14,668
| – | – |
|
416
GE Aerospace
GE
$364B
| $158K | ﹤0.01% |
1,554
| – | – |
|
|
YARW
417
Yarrow Bioscience, Inc. Common Stock
YARW
$20.3M
| $140K | ﹤0.01% |
+1,201
| New | +$187K |
|
418
Arthur J. Gallagher & Co
AJG
$69.1B
| $126K | ﹤0.01% |
561
| – | – |
|
419
Toast
TOST
$18.9B
| $112K | ﹤0.01% |
6,140
-2,456,662
| -100% | -$40.3M |
|
420
Roper Technologies
ROP
$40.4B
| $107K | ﹤0.01% |
197
+75
| +61% | +$38.6K |
|
421
Trane Technologies
TT
$98.8B
| $102K | ﹤0.01% |
418
| – | – |
|
422
Eagle Materials
EXP
$6.49B
| $98.8K | ﹤0.01% |
487
-134
| -22% | -$23.6K |
|
|
AWEG
423
DELISTED
Alger Weatherbie Enduring Growth ETF
AWEG
| $97.2K | ﹤0.01% |
4,395
| – | – |
|
424
Lincoln Electric
LECO
$14.1B
| $86.8K | ﹤0.01% |
399
| – | – |
|
425
Allison Transmission
ALSN
$9.51B
| $83.9K | ﹤0.01% |
1,442
| – | – |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% 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 Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.