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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Lyft
LYFT
$5.9B
| $59.9K | ﹤0.01% |
+5,681
| New | +$63.3K |
|
427
Roper Technologies
ROP
$38.5B
| $59.1K | ﹤0.01% |
122
-31
| -20% | -$15.2K |
|
428
Targa Resources
TRGP
$57.6B
| $58.5K | ﹤0.01% |
682
-298
| -30% | -$24.7K |
|
429
Tradeweb Markets
TW
$20.8B
| $57.3K | ﹤0.01% |
715
-152
| -18% | -$12.1K |
|
430
Cencora
COR
$60.7B
| $50K | ﹤0.01% |
278
| – | – |
|
431
Toll Brothers
TOL
$14B
| $47.8K | ﹤0.01% |
646
| – | – |
|
432
Arrow Electronics
ARW
$10.9B
| $46.8K | ﹤0.01% |
374
| – | – |
|
|
FISV
433
Fiserv Inc
FISV
$28.8B
| $45.7K | ﹤0.01% |
405
-190
| -32% | -$23.4K |
|
434
Lamb Weston
LW
$7.36B
| $42.4K | ﹤0.01% |
459
-842
| -65% | -$85.4K |
|
435
Aecom
ACM
$9.22B
| $41K | ﹤0.01% |
494
-261
| -35% | -$22.5K |
|
436
Landstar System
LSTR
$5.75B
| $40K | ﹤0.01% |
226
| – | – |
|
437
JFrog
FROG
$9.5B
| $34.7K | ﹤0.01% |
+1,370
| New | +$38K |
|
438
MarketAxess Holdings
MKTX
$5.78B
| $34K | ﹤0.01% |
159
-49
| -24% | -$11.9K |
|
|
NATI
439
DELISTED
National Instruments Corp
NATI
| $32.3K | ﹤0.01% |
542
| – | – |
|
|
440
GE HealthCare
GEHC
$31.6B
| $30.6K | ﹤0.01% |
450
-1,134,957
| -100% | -$82.6M |
|
441
Braze
BRZE
$2.82B
| $29.5K | ﹤0.01% |
+631
| New | +$27.7K |
|
442
Samsara
IOT
$20.9B
| $28.1K | ﹤0.01% |
+1,113
| New | +$29.5K |
|
443
Howmet Aerospace
HWM
$111B
| $27.8K | ﹤0.01% |
600
| – | – |
|
|
INST
444
DELISTED
Instructure Holdings, Inc.
INST
| $27.1K | ﹤0.01% |
+1,065
| New | +$27.6K |
|
|
SKX
445
DELISTED
Skechers
SKX
| $27K | ﹤0.01% |
552
| – | – |
|
446
Workday
WDAY
$39B
| $23.8K | ﹤0.01% |
111
| – | – |
|
447
Vulcan Materials
VMC
$35.2B
| $22.8K | ﹤0.01% |
113
| – | – |
|
448
Linde
LIN
$235B
| $22.7K | ﹤0.01% |
61
-56
| -48% | -$21.3K |
|
449
Chemed
CHE
$7.1B
| $22.3K | ﹤0.01% |
43
-210
| -83% | -$109K |
|
450
Brunswick
BC
$5.18B
| $21.7K | ﹤0.01% |
275
-523
| -66% | -$43.1K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.