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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APTV icon
401
Aptiv
APTV
$12.3B
$453K ﹤0.01%
5,682
– –
PFGC icon
402
Performance Food Group
PFGC
$18B
$444K ﹤0.01%
+5,954
New +$438K
ALLE icon
403
Allegion
ALLE
$13.4B
$441K ﹤0.01%
3,277
– –
SBCF icon
404
Seacoast Banking Corp of Florida
SBCF
$3.35B
$431K ﹤0.01%
16,970
-15,872
-48% -$400K
KNSL icon
405
Kinsale Capital Group
KNSL
$8.11B
$423K ﹤0.01%
+807
New +$365K
NXT icon
406
Nextpower Inc
NXT
$14.7B
$417K ﹤0.01%
+7,413
New +$394K
BALL icon
407
Ball Corp
BALL
$17.4B
$401K ﹤0.01%
5,947
-3,956
-40% -$240K
KURA icon
408
Kura Oncology
KURA
$826M
$386K ﹤0.01%
+18,079
New +$351K
TRMB icon
409
Trimble
TRMB
$13.3B
$381K ﹤0.01%
5,921
– –
DSGX icon
410
Descartes Systems
DSGX
$6.39B
$376K ﹤0.01%
4,107
+3,283
+398% +$289K
LULU icon
411
lululemon athletica
LULU
$13.6B
$353K ﹤0.01%
904
– –
LAD icon
412
Lithia Motors
LAD
$9.24B
$279K ﹤0.01%
+929
New +$275K
GE icon
413
GE Aerospace
GE
$368B
$218K ﹤0.01%
1,554
– –
JBL icon
414
Jabil
JBL
$32.3B
$189K ﹤0.01%
1,408
– –
GRTS
415
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
$148K ﹤0.01%
+57,751
New +$141K
BKNG icon
416
Booking.com
BKNG
$150B
$134K ﹤0.01%
925
-133,525
-99% -$19M
EXP icon
417
Eagle Materials
EXP
$6.35B
$132K ﹤0.01%
487
– –
S icon
418
SentinelOne
S
$6.31B
$126K ﹤0.01%
5,386
-19,221
-78% -$502K
TW icon
419
Tradeweb Markets
TW
$20.8B
$121K ﹤0.01%
1,159
+444
+62% +$44.6K
ALSN icon
420
Allison Transmission
ALSN
$9.57B
$117K ﹤0.01%
1,442
– –
GTLB icon
421
GitLab
GTLB
$5.7B
$111K ﹤0.01%
1,911
-304,082
-99% -$19.9M
BSY icon
422
Bentley Systems
BSY
$10.7B
$104K ﹤0.01%
1,985
-83,648
-98% -$4.21M
AWEG
423
DELISTED
Alger Weatherbie Enduring Growth ETF
AWEG
$103K ﹤0.01%
4,406
+11
+0.3% +$246
LECO icon
424
Lincoln Electric
LECO
$13.7B
$102K ﹤0.01%
399
– –
FROG icon
425
JFrog
FROG
$9.5B
$81.4K ﹤0.01%
1,841
+245
+15% +$9.49K
15 16
17
18 19

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.