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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Lamb Weston
LW
$7.46B
| $150K | ﹤0.01% |
1,301
+390
| +43% | +$43.5K |
|
427
D.R. Horton
DHI
$41.7B
| $142K | ﹤0.01% |
1,168
+197
| +20% | +$21.5K |
|
428
Chemed
CHE
$7.1B
| $137K | ﹤0.01% |
253
+83
| +49% | +$45.4K |
|
429
GE Aerospace
GE
$368B
| $136K | ﹤0.01% |
1,554
+866
| +126% | +$70.1K |
|
430
Fair Isaac
FICO
$32.3B
| $133K | ﹤0.01% |
164
-79
| -33% | -$59.2K |
|
431
Chegg
CHGG
$118M
| $130K | ﹤0.01% |
14,668
-3,186,861
| -100% | -$38.6M |
|
432
Arthur J. Gallagher & Co
AJG
$69B
| $123K | ﹤0.01% |
561
| – | – |
|
433
Trane Technologies
TT
$99.2B
| $118K | ﹤0.01% |
618
-26
| -4% | -$4.62K |
|
434
Eagle Materials
EXP
$6.56B
| $116K | ﹤0.01% |
621
+307
| +98% | +$48.9K |
|
435
Micron Technology
MU
$870B
| $111K | ﹤0.01% |
+1,755
| New | +$113K |
|
436
Wayfair
W
$11.8B
| $93.3K | ﹤0.01% |
1,435
| – | – |
|
|
AWEG
437
DELISTED
Alger Weatherbie Enduring Growth ETF
AWEG
| $91.9K | ﹤0.01% |
+4,395
| New | +$87.2K |
|
438
CDW
CDW
$18.9B
| $86.1K | ﹤0.01% |
469
+130
| +38% | +$22.7K |
|
439
IDEX
IEX
$17.1B
| $84K | ﹤0.01% |
390
-192
| -33% | -$40.4K |
|
440
Allison Transmission
ALSN
$9.53B
| $81.8K | ﹤0.01% |
1,449
+469
| +48% | +$23.1K |
|
441
Costco
COST
$432B
| $81.3K | ﹤0.01% |
151
-37,561
| -100% | -$19M |
|
442
Ulta Beauty
ULTA
$22B
| $80.5K | ﹤0.01% |
171
-17,371
| -99% | -$8.51M |
|
443
Lincoln Electric
LECO
$14.1B
| $79.3K | ﹤0.01% |
399
-26
| -6% | -$4.53K |
|
|
FISV
444
Fiserv Inc
FISV
$29.6B
| $75.1K | ﹤0.01% |
595
| – | – |
|
445
Targa Resources
TRGP
$57.1B
| $74.6K | ﹤0.01% |
980
-614
| -39% | -$44.5K |
|
446
Corning
GLW
$107B
| $74.3K | ﹤0.01% |
2,119
+730
| +53% | +$24K |
|
447
Roper Technologies
ROP
$40.3B
| $73.6K | ﹤0.01% |
153
| – | – |
|
448
JB Hunt Transport Services
JBHT
$25.7B
| $70.2K | ﹤0.01% |
388
+145
| +60% | +$25.2K |
|
449
FMC
FMC
$1.3B
| $70.2K | ﹤0.01% |
673
+171
| +34% | +$19.2K |
|
450
Brunswick
BC
$5.2B
| $69.1K | ﹤0.01% |
798
+310
| +64% | +$25.3K |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.