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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Roper Technologies
ROP
$38.7B
| $67K | ﹤0.01% |
169
| – | – |
|
452
Hershey
HSY
$37.2B
| $66K | ﹤0.01% |
+306
| New | +$66.7K |
|
453
Paychex
PAYX
$42.3B
| $66K | ﹤0.01% |
579
-51
| -8% | -$6.41K |
|
454
Wayfair
W
$12.5B
| $63K | ﹤0.01% |
1,435
-7,465
| -84% | -$525K |
|
|
ABMD
455
DELISTED
Abiomed Inc
ABMD
| $63K | ﹤0.01% |
253
-7,821
| -97% | -$2.11M |
|
456
Tractor Supply
TSCO
$16.5B
| $60K | ﹤0.01% |
1,550
+500
| +48% | +$20.3K |
|
|
FISV
457
Fiserv Inc
FISV
$28.9B
| $59K | ﹤0.01% |
660
-85
| -11% | -$8.24K |
|
458
MarketAxess Holdings
MKTX
$4.34B
| $59K | ﹤0.01% |
230
| – | – |
|
459
Tradeweb Markets
TW
$22.2B
| $59K | ﹤0.01% |
867
| – | – |
|
460
FMC
FMC
$1.37B
| $55K | ﹤0.01% |
+516
| New | +$63K |
|
461
JB Hunt Transport Services
JBHT
$26.1B
| $55K | ﹤0.01% |
352
+126
| +56% | +$21.3K |
|
462
Allison Transmission
ALSN
$10B
| $41K | ﹤0.01% |
+1,067
| New | +$40.8K |
|
463
Arch Capital
ACGL
$37.2B
| $40K | ﹤0.01% |
+885
| New | +$41K |
|
464
Abbott
ABT
$187B
| $39K | ﹤0.01% |
357
-43,061
| -99% | -$4.89M |
|
465
Gartner
IT
$10.4B
| $39K | ﹤0.01% |
160
| – | – |
|
466
Marriott International
MAR
$101B
| $36K | ﹤0.01% |
+266
| New | +$43.9K |
|
467
Sherwin-Williams
SHW
$87.4B
| $36K | ﹤0.01% |
159
-75
| -32% | -$19.2K |
|
468
Equifax
EFX
$22B
| $35K | ﹤0.01% |
191
-177
| -48% | -$35.4K |
|
469
MKS Inc
MKSI
$19.3B
| $33K | ﹤0.01% |
321
+154
| +92% | +$17.9K |
|
470
Ares Management
ARES
$28.8B
| $31K | ﹤0.01% |
540
-283
| -34% | -$19.6K |
|
471
TransUnion
TRU
$16.1B
| $28K | ﹤0.01% |
349
| – | – |
|
472
NOV
NOV
$7.11B
| $27K | ﹤0.01% |
+1,588
| New | +$29.9K |
|
473
AutoZone
AZO
$50.9B
| $26K | ﹤0.01% |
+12
| New | +$24.7K |
|
474
Tapestry
TPR
$30.5B
| $26K | ﹤0.01% |
+858
| New | +$28.1K |
|
475
Fastenal
FAST
$55.2B
| $23K | ﹤0.01% |
922
| – | – |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.