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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
-4.46%
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
$18.3B
AUM Growth
-$3.9B
(-18%)
Cap. Flow
-$2.31B
Cap. Flow
% of AUM
-12.59%
Top 10 Holdings %
Top 10 Hldgs %
30.49%
Holding
560
New
66
Increased
141
Reduced
222
Closed
94
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$317M |
| 2 |
Yum! Brands
YUM
|
+$222M |
| 3 |
CELG
Celgene Corp
CELG
|
+$213M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$211M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$194M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$264M |
| 2 |
Blackstone
BX
|
+$256M |
| 3 |
Cigna
CI
|
+$232M |
| 4 |
Hartford Financial Services
HIG
|
+$206M |
| 5 |
CVS Health
CVS
|
+$198M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 23.98% |
| 2 | Technology | 17.05% |
| 3 | Consumer Discretionary | 15.78% |
| 4 | Communication Services | 12.84% |
| 5 | Financials | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
CMS Energy
CMS
$22.9B
| $353K | ﹤0.01% |
+10,000
| New | +$337K |
|
452
Pinnacle West Capital
PNW
$12.8B
| $353K | ﹤0.01% |
+5,500
| New | +$336K |
|
453
Theravance Biopharma
TBPH
$874M
| $347K | ﹤0.01% |
31,600
+8,700
| +38% | +$111K |
|
454
AvalonBay Communities
AVB
$26.8B
| $315K | ﹤0.01% |
+1,800
| New | +$305K |
|
|
QIWI
455
DELISTED
QIWI PLC
QIWI
| $310K | ﹤0.01% |
19,200
+8,400
| +78% | +$206K |
|
|
TTM
456
DELISTED
Tata Motors Limited
TTM
| $302K | ﹤0.01% |
13,407
+4,800
| +56% | +$132K |
|
|
ENOC
457
DELISTED
EnerNOC, Inc.
ENOC
| $296K | ﹤0.01% |
37,525
| – | – |
|
|
NVTA
458
DELISTED
Invitae Corporation
NVTA
| $292K | ﹤0.01% |
40,400
-12,000
| -23% | -$126K |
|
459
WEC Energy
WEC
$37.1B
| $287K | ﹤0.01% |
+5,500
| New | +$268K |
|
|
ITCI
460
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $268K | ﹤0.01% |
6,700
-25,750
| -79% | -$840K |
|
461
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| $264K | ﹤0.01% |
+5,962
| New | +$283K |
|
462
American Water Works
AWK
$26.3B
| $242K | ﹤0.01% |
+4,400
| New | +$230K |
|
|
KDNY
463
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $225K | ﹤0.01% |
2,320
-11,382
| -83% | -$1.36M |
|
464
Nordson
NDSN
$16.6B
| $210K | ﹤0.01% |
3,331
-72,281
| -96% | -$5.08M |
|
|
EGIO
465
DELISTED
Edgio, Inc. Common Stock
EGIO
| $96K | ﹤0.01% |
1,250
-16,164
| -93% | -$1.98M |
|
466
AbbVie
ABBV
$454B
| – | – |
-219,447
| Closed | -$14.7M |
|
467
American International
AIG
$42B
| – | – |
-1,130,889
| Closed | -$69.9M |
|
468
Affiliated Managers Group
AMG
$9.61B
| – | – |
-138,225
| Closed | -$30.2M |
|
|
ATXS
469
DELISTED
Astria Therapeutics
ATXS
| – | – |
-333
| Closed | -$244K |
|
|
DCH
470
Dauch Corp
DCH
$1.32B
| – | – |
-522,337
| Closed | -$10.9M |
|
471
Belden
BDC
$4.12B
| – | – |
-178,052
| Closed | -$14.5M |
|
472
Baidu
BIDU
$35.8B
| – | – |
-13,070
| Closed | -$2.6M |
|
473
Bloomin' Brands
BLMN
$731M
| – | – |
-253,219
| Closed | -$5.41M |
|
474
Chord Energy
CHRD
$7.42B
| – | – |
-278,101
| Closed | -$4.41M |
|
475
Coherus Oncology
CHRS
$225M
| – | – |
-25,000
| Closed | -$723K |
|
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Fred Alger Management's Q3 2015 Portfolio in Review
As of Q3 2015, Fred Alger Management held 560 positions worth $18.3B, down 18% from $22.2B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $2.31B in Q3 2015, closing 94 positions and reducing 222 holdings. Its most notable exit was Oracle, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 24% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Amgen worth $114M.
- Fred Alger Management's largest Q3 2015 buy was Amgen: 823,462 shares worth $114M.
- Fred Alger Management added most to Microsoft in Q3 2015, an estimated $317M increase.
- Fred Alger Management's biggest Q3 2015 reduction was Meta Platforms (Facebook), cutting an estimated $264M.
- Fred Alger Management fully exited Oracle in Q3 2015, selling an estimated $104M.
- Fred Alger Management's ten largest holdings make up 30% of its $18.3B portfolio in Q3 2015.
- Fred Alger Management opened 66 new positions and closed 94 in Q3 2015.
- Fred Alger Management's portfolio value fell 18% quarter-over-quarter to $18.3B.
Based on Fred Alger Management's 13F filing for Q3 2015, filed 16 Nov 2015.