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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Allison Transmission
ALSN
$10B
| – | – |
-1,442
| Closed | -$117K |
|
427
Altimmune
ALT
$581M
| – | – |
-993,516
| Closed | -$10.1M |
|
428
American Tower
AMT
$79.9B
| – | – |
-24,801
| Closed | -$4.9M |
|
429
AnaptysBio
ANAB
$1.54B
| – | – |
-33,882
| Closed | -$763K |
|
430
Arrowhead Research
ARWR
$12.1B
| – | – |
-1,543
| Closed | -$44.1K |
|
431
AtriCure
ATRC
$2.01B
| – | – |
-558,570
| Closed | -$17M |
|
|
JBIO
432
Jade Biosciences
JBIO
$1.2B
| – | – |
-1,251
| Closed | -$1.29M |
|
433
Avantor
AVTR
$8.48B
| – | – |
-156,863
| Closed | -$4.01M |
|
434
Ball Corp
BALL
$17.8B
| – | – |
-5,947
| Closed | -$401K |
|
435
Booking.com
BKNG
$154B
| – | – |
-925
| Closed | -$134K |
|
436
Bruker
BRKR
$9.58B
| – | – |
-101,007
| Closed | -$9.49M |
|
437
Braze
BRZE
$2.83B
| – | – |
-238
| Closed | -$10.5K |
|
438
Bentley Systems
BSY
$10.9B
| – | – |
-1,985
| Closed | -$104K |
|
439
Cboe Global Markets
CBOE
$31.1B
| – | – |
-241
| Closed | -$44.3K |
|
440
Cigna
CI
$79.6B
| – | – |
-7,229
| Closed | -$2.63M |
|
441
DoubleVerify
DV
$1.73B
| – | – |
-414,237
| Closed | -$14.6M |
|
442
Equifax
EFX
$22B
| – | – |
-37,395
| Closed | -$10M |
|
|
EXAS
443
DELISTED
Exact Sciences
EXAS
| – | – |
-8,654
| Closed | -$598K |
|
444
Eagle Materials
EXP
$6.86B
| – | – |
-487
| Closed | -$132K |
|
445
Five Below
FIVE
$11.5B
| – | – |
-22,942
| Closed | -$4.16M |
|
446
FIVE9
FIVN
$2.08B
| – | – |
-662
| Closed | -$41.1K |
|
447
GE Aerospace
GE
$377B
| – | – |
-1,554
| Closed | -$218K |
|
448
GitLab
GTLB
$5.57B
| – | – |
-1,911
| Closed | -$111K |
|
449
Howmet Aerospace
HWM
$114B
| – | – |
-600
| Closed | -$41.1K |
|
450
IDEX
IEX
$16.6B
| – | – |
-67,810
| Closed | -$16.5M |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.