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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Align Technology
ALGN
$12.4B
| $238K | ﹤0.01% |
1,151
| – | – |
|
427
Relmada Therapeutics
RLMD
$562M
| $226K | ﹤0.01% |
+6,095
| New | +$169K |
|
428
Alpha Teknova
TKNO
$271M
| $204K | ﹤0.01% |
61,061
| – | – |
|
|
ALTR
429
DELISTED
Altair Engineering Inc
ALTR
| $158K | ﹤0.01% |
3,565
-337
| -9% | -$17.7K |
|
430
Alpha Tau Medical
DRTS
$1.07B
| $131K | ﹤0.01% |
22,481
+1,927
| +9% | +$17K |
|
431
Brown-Forman Class B
BF.B
$13.2B
| $125K | ﹤0.01% |
1,879
+602
| +47% | +$43.8K |
|
432
Synopsys
SNPS
$71.3B
| $108K | ﹤0.01% |
354
| – | – |
|
433
Paychex
PAYX
$41.4B
| $96K | ﹤0.01% |
858
+279
| +48% | +$34.6K |
|
|
CMRC
434
Commerce.com Inc Series 1
CMRC
$261M
| $94K | ﹤0.01% |
6,381
-278,196
| -98% | -$4.77M |
|
435
National Vision
EYE
$1.79B
| $93K | ﹤0.01% |
+2,848
| New | +$92.6K |
|
|
XYZ
436
Block Inc
XYZ
$49.2B
| $86K | ﹤0.01% |
1,559
-948,087
| -100% | -$67.1M |
|
437
Brown & Brown
BRO
$23.7B
| $81K | ﹤0.01% |
1,342
-730
| -35% | -$45.9K |
|
438
Aon
AON
$78.3B
| $78K | ﹤0.01% |
291
-107
| -27% | -$30.2K |
|
439
Jack Henry & Associates
JKHY
$11B
| $77K | ﹤0.01% |
424
+313
| +282% | +$61.4K |
|
440
C.H. Robinson
CHRW
$17.3B
| $73K | ﹤0.01% |
755
+562
| +291% | +$60.4K |
|
441
Allison Transmission
ALSN
$9.57B
| $72K | ﹤0.01% |
2,144
+1,077
| +101% | +$40.3K |
|
442
Molina Healthcare
MOH
$10.2B
| $70K | ﹤0.01% |
212
-240
| -53% | -$77.3K |
|
443
EQT Corp
EQT
$33B
| $68K | ﹤0.01% |
+1,664
| New | +$72.2K |
|
444
Hershey
HSY
$35.9B
| $67K | ﹤0.01% |
306
| – | – |
|
|
NATI
445
DELISTED
National Instruments Corp
NATI
| $64K | ﹤0.01% |
+1,697
| New | +$64.1K |
|
|
FISV
446
Fiserv Inc
FISV
$28.8B
| $62K | ﹤0.01% |
660
| – | – |
|
|
ABMD
447
DELISTED
Abiomed Inc
ABMD
| $62K | ﹤0.01% |
253
| – | – |
|
|
MRSH
448
Marsh
MRSH
$91.4B
| $61K | ﹤0.01% |
406
-426
| -51% | -$68.4K |
|
449
RenaissanceRe
RNR
$13.2B
| $61K | ﹤0.01% |
437
| – | – |
|
450
Roper Technologies
ROP
$38.5B
| $61K | ﹤0.01% |
169
| – | – |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.