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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IOT icon
426
Samsara
IOT
$20.9B
$74.5K ﹤0.01%
1,971
+858
+77% +$29.2K
TDY icon
427
Teledyne Technologies
TDY
$30.1B
$72.1K ﹤0.01%
168
-6,816
-98% -$2.92M
ADMA icon
428
ADMA Biologics
ADMA
$2.01B
$68.9K ﹤0.01%
10,434
– –
FISV
429
Fiserv Inc
FISV
$28.8B
$63.4K ﹤0.01%
397
– –
ANSS
430
DELISTED
Ansys
ANSS
$50K ﹤0.01%
144
-24,622
-99% -$8.33M
TMDX icon
431
Transmedics
TMDX
$2.63B
$47.1K ﹤0.01%
637
-1,342,278
-100% -$111M
CBOE icon
432
Cboe Global Markets
CBOE
$31B
$44.3K ﹤0.01%
241
-2,419
-91% -$446K
ARWR icon
433
Arrowhead Research
ARWR
$12.3B
$44.1K ﹤0.01%
1,543
-37,093
-96% -$1.19M
TOL icon
434
Toll Brothers
TOL
$14B
$42K ﹤0.01%
325
– –
FIVN icon
435
FIVE9
FIVN
$2.12B
$41.1K ﹤0.01%
662
– –
HWM icon
436
Howmet Aerospace
HWM
$111B
$41.1K ﹤0.01%
600
– –
WDAY icon
437
Workday
WDAY
$39B
$30.3K ﹤0.01%
111
– –
LIN icon
438
Linde
LIN
$235B
$28.3K ﹤0.01%
61
– –
ESTC icon
439
Elastic
ESTC
$6.68B
$27.7K ﹤0.01%
+276
New +$31.8K
PD icon
440
PagerDuty
PD
$800M
$21K ﹤0.01%
+925
New +$22K
CFLT
441
DELISTED
Confluent
CFLT
$19.8K ﹤0.01%
650
-1,112,913
-100% -$31.4M
ZM icon
442
Zoom
ZM
$27.1B
$18.5K ﹤0.01%
283
– –
BRZE icon
443
Braze
BRZE
$2.82B
$10.5K ﹤0.01%
238
-393
-62% -$21.2K
AFRM icon
444
Affirm
AFRM
$24.5B
– –
-10,812
Closed -$531K
AJG icon
445
Arthur J. Gallagher & Co
AJG
$65.9B
– –
-561
Closed -$126K
ANF icon
446
Abercrombie & Fitch
ANF
$4.45B
– –
-14,835
Closed -$1.31M
ATMU icon
447
Atmus Filtration Technologies
ATMU
$4.22B
– –
-8,556
Closed -$201K
AXP icon
448
American Express
AXP
$228B
– –
-4,600
Closed -$862K
BBIO icon
449
BridgeBio Pharma
BBIO
$16.1B
– –
-122,797
Closed -$4.96M
BIDU icon
450
Baidu
BIDU
$36.5B
– –
-21,054
Closed -$2.51M
16 17
18
19 20

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.