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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Descartes Systems
DSGX
$6.68B
| $69.3K | ﹤0.01% |
824
-36
| -4% | -$2.81K |
|
427
Tradeweb Markets
TW
$23B
| $65K | ﹤0.01% |
715
| – | – |
|
428
JFrog
FROG
$8.88B
| $55.2K | ﹤0.01% |
1,596
+226
| +16% | +$6.11K |
|
|
FISV
429
Fiserv Inc
FISV
$29.7B
| $52.7K | ﹤0.01% |
397
-8
| -2% | -$982 |
|
430
FIVE9
FIVN
$2.08B
| $52.1K | ﹤0.01% |
+662
| New | +$46.1K |
|
431
ADMA Biologics
ADMA
$2.02B
| $47.2K | ﹤0.01% |
10,434
-945,576
| -99% | -$3.5M |
|
432
Samsara
IOT
$22.6B
| $37.2K | ﹤0.01% |
1,113
| – | – |
|
433
Braze
BRZE
$3.02B
| $33.5K | ﹤0.01% |
631
| – | – |
|
434
Toll Brothers
TOL
$14B
| $33.4K | ﹤0.01% |
325
-321
| -50% | -$26.7K |
|
435
Howmet Aerospace
HWM
$109B
| $32.5K | ﹤0.01% |
600
| – | – |
|
436
Workday
WDAY
$41.5B
| $30.6K | ﹤0.01% |
111
| – | – |
|
437
Vulcan Materials
VMC
$36.8B
| $25.7K | ﹤0.01% |
113
| – | – |
|
438
Linde
LIN
$236B
| $25.1K | ﹤0.01% |
61
| – | – |
|
439
Zoom
ZM
$27.1B
| $20.4K | ﹤0.01% |
283
| – | – |
|
440
XP
XP
$8.43B
| $2.35K | ﹤0.01% |
+90
| New | +$2.05K |
|
441
PUT
Carvana
CVNA
$47.5B
| $660 | ﹤0.01% |
+3,300
| New | +$24.7K |
|
|
VTYX
442
DELISTED
Ventyx Biosciences
VTYX
| $534 | ﹤0.01% |
216
-46,428
| -100% | -$441K |
|
443
Plug Power
PLUG
$2.65B
| $45 | ﹤0.01% |
+10
| New | +$52 |
|
444
Aecom
ACM
$9.46B
| – | – |
-494
| Closed | -$41K |
|
445
Alcon
ALC
$34B
| – | – |
-8
| Closed | -$616 |
|
446
Albemarle
ALB
$13.4B
| – | – |
-453,763
| Closed | -$77.2M |
|
447
Align Technology
ALGN
$12.9B
| – | – |
-2,041
| Closed | -$623K |
|
448
Ameriprise Financial
AMP
$47.8B
| – | – |
-63
| Closed | -$20.8K |
|
|
APLS
449
DELISTED
Apellis Pharmaceuticals
APLS
| – | – |
-2,949
| Closed | -$112K |
|
450
Arrow Electronics
ARW
$10.5B
| – | – |
-374
| Closed | -$46.8K |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% 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 Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.