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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
+8.28%
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
+$60.4M
(+0.29%)
Cap. Flow
-$1.01B
Cap. Flow
% of AUM
-4.91%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GFL Environmental
GFL
|
+$160M |
| 2 |
Broadcom
AVGO
|
+$128M |
| 3 |
Astera Labs
ALAB
|
+$123M |
| 4 |
Tesla
TSLA
|
+$108M |
| 5 |
Vertiv
VRT
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$150M |
| 2 |
Natera
NTRA
|
+$144M |
| 3 |
McKesson
MCK
|
+$134M |
| 4 |
Mercado Libre
MELI
|
+$97.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.3% |
| 2 | Healthcare | 14.56% |
| 3 | Communication Services | 13.24% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 11.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Tenable Holdings
TENB
$3.59B
| $13.5K | ﹤0.01% |
333
-486,955
| -100% | -$20.3M |
|
427
Super Micro Computer
SMCI
$17.9B
| $12.5K | ﹤0.01% |
300
-81,340
| -100% | -$4.95M |
|
428
RELX
RELX
$63.9B
| $3.89K | ﹤0.01% |
+82
| New | +$3.8K |
|
|
NVO
429
Novo Nordisk
NVO
$228B
| $3.69K | ﹤0.01% |
31
-54,462
| -100% | -$7.26M |
|
430
Vista Energy
VIST
$7.63B
| $3.62K | ﹤0.01% |
+82
| New | +$3.85K |
|
|
SMAR
431
DELISTED
Smartsheet Inc.
SMAR
| $3.49K | ﹤0.01% |
63
-98,539
| -100% | -$4.78M |
|
432
ING
ING
$99.8B
| $3.27K | ﹤0.01% |
+180
| New | +$3.22K |
|
433
Middleby
MIDD
$6.03B
| $2.64K | ﹤0.01% |
19
-31,712
| -100% | -$4.26M |
|
434
iShares Russell 1000 Growth ETF
IWF
$120B
| $751 | ﹤0.01% |
+8
| New | +$725 |
|
435
Acadia Healthcare
ACHC
$2.62B
| – | – |
-24,116
| Closed | -$1.63M |
|
436
Applied Materials
AMAT
$398B
| – | – |
-263
| Closed | -$62.1K |
|
437
Affiliated Managers Group
AMG
$9.65B
| – | – |
-14,591
| Closed | -$2.28M |
|
|
ANSS
438
DELISTED
Ansys
ANSS
| – | – |
-144
| Closed | -$46.3K |
|
439
Apollo Global Management
APO
$69.3B
| – | – |
-41,597
| Closed | -$4.91M |
|
440
Arm
ARM
$258B
| – | – |
-104
| Closed | -$17K |
|
441
Alphatec Holdings
ATEC
$1.49B
| – | – |
-2,638,303
| Closed | -$27.6M |
|
|
AUTL
442
Autolus Therapeutics
AUTL
$407M
| – | – |
-10,262
| Closed | -$35.7K |
|
443
Boot Barn
BOOT
$4.68B
| – | – |
-12,029
| Closed | -$1.55M |
|
444
Citigroup
C
$222B
| – | – |
-766,698
| Closed | -$48.7M |
|
|
CFLT
445
DELISTED
Confluent
CFLT
| – | – |
-650
| Closed | -$19.2K |
|
446
Carlyle Group
CG
$16.3B
| – | – |
-44,603
| Closed | -$1.79M |
|
|
CHX
447
DELISTED
ChampionX
CHX
| – | – |
-145,761
| Closed | -$4.84M |
|
448
CervoMed
CRVO
$23.3M
| – | – |
-3,500
| Closed | -$59.9K |
|
449
Definitive Healthcare
DH
$75.7M
| – | – |
-1,777,867
| Closed | -$9.71M |
|
450
dLocal
DLO
$4.41B
| – | – |
-304,889
| Closed | -$2.47M |
|
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Fred Alger Management's Q3 2024 Portfolio in Review
As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.
- Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
- Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
- Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
- Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
- Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
- Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.