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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 | |
|---|---|---|---|---|---|---|
426
Aecom
ACM
$9.3B
| $146K | ﹤0.01% |
1,727
| – | – |
|
427
IDEX
IEX
$17B
| $134K | ﹤0.01% |
582
+199
| +52% | +$45.2K |
|
428
Trane Technologies
TT
$101B
| $118K | ﹤0.01% |
644
+367
| +132% | +$66.6K |
|
429
Targa Resources
TRGP
$58B
| $116K | ﹤0.01% |
1,594
-304
| -16% | -$22.4K |
|
|
NATI
430
DELISTED
National Instruments Corp
NATI
| $116K | ﹤0.01% |
2,216
-1,162
| -34% | -$58.3K |
|
431
Cencora
COR
$60.6B
| $113K | ﹤0.01% |
703
-144
| -17% | -$22.8K |
|
|
ETNB
432
DELISTED
89bio
ETNB
| $107K | ﹤0.01% |
+7,056
| New | +$92K |
|
433
Arthur J. Gallagher & Co
AJG
$64.1B
| $107K | ﹤0.01% |
561
+341
| +155% | +$64.7K |
|
434
Lamb Weston
LW
$7.22B
| $95.2K | ﹤0.01% |
911
+675
| +286% | +$66.8K |
|
435
D.R. Horton
DHI
$40B
| $94.9K | ﹤0.01% |
+971
| New | +$92.6K |
|
436
Chemed
CHE
$7.07B
| $91.4K | ﹤0.01% |
170
+127
| +295% | +$64.8K |
|
437
iShares Russell 1000 Growth ETF
IWF
$121B
| $91.4K | ﹤0.01% |
1,496
-415,772
| -100% | -$24M |
|
438
Gartner
IT
$10.1B
| $83.7K | ﹤0.01% |
257
+194
| +308% | +$64.1K |
|
439
Genuine Parts
GPC
$17.1B
| $83.5K | ﹤0.01% |
499
-166
| -25% | -$28K |
|
440
Keysight
KEYS
$54.5B
| $81.4K | ﹤0.01% |
504
+264
| +110% | +$44.8K |
|
441
Automatic Data Processing
ADP
$106B
| $77.9K | ﹤0.01% |
350
-180
| -34% | -$40.6K |
|
442
Jabil
JBL
$33B
| $75.2K | ﹤0.01% |
+853
| New | +$68.7K |
|
443
PTC
PTC
$15.8B
| $74.6K | ﹤0.01% |
582
+165
| +40% | +$21K |
|
444
Lincoln Electric
LECO
$14.3B
| $71.9K | ﹤0.01% |
425
| – | – |
|
445
Edwards Lifesciences
EW
$49.6B
| $69.5K | ﹤0.01% |
840
-3,600
| -81% | -$283K |
|
446
Cigna
CI
$73.8B
| $69K | ﹤0.01% |
270
-163
| -38% | -$47.5K |
|
447
Roper Technologies
ROP
$38.8B
| $67.4K | ﹤0.01% |
153
-16
| -9% | -$6.92K |
|
448
MarketAxess Holdings
MKTX
$5.71B
| $67.3K | ﹤0.01% |
172
-58
| -25% | -$20.5K |
|
|
FISV
449
Fiserv Inc
FISV
$28.8B
| $67.3K | ﹤0.01% |
595
-65
| -10% | -$7.15K |
|
450
Yum! Brands
YUM
$42.2B
| $66.2K | ﹤0.01% |
501
+155
| +45% | +$19.9K |
|
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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.