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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
CDW
CDW
$18.9B
| $66.1K | ﹤0.01% |
+339
| New | +$66.6K |
|
452
Paychex
PAYX
$41.6B
| $63.5K | ﹤0.01% |
554
-486
| -47% | -$55.3K |
|
453
Descartes Systems
DSGX
$6.44B
| $61.9K | ﹤0.01% |
768
-8
| -1% | -$596 |
|
454
FMC
FMC
$1.34B
| $61.3K | ﹤0.01% |
+502
| New | +$63.2K |
|
455
Ameriprise Financial
AMP
$48.3B
| $59.5K | ﹤0.01% |
+194
| New | +$63.6K |
|
456
Donaldson
DCI
$10.9B
| $57.6K | ﹤0.01% |
881
-287
| -25% | -$18K |
|
457
GE Aerospace
GE
$374B
| $52.5K | ﹤0.01% |
+688
| New | +$46K |
|
458
First Citizens BancShares
FCNCA
$24.9B
| $50.6K | ﹤0.01% |
52
| – | – |
|
459
Wayfair
W
$11.2B
| $49.3K | ﹤0.01% |
1,435
| – | – |
|
460
Corning
GLW
$119B
| $49K | ﹤0.01% |
+1,389
| New | +$48.3K |
|
461
Toro Company
TTC
$8.75B
| $48K | ﹤0.01% |
432
+177
| +69% | +$19.7K |
|
462
Eagle Materials
EXP
$6.29B
| $46.1K | ﹤0.01% |
+314
| New | +$44.5K |
|
463
VeriSign
VRSN
$26.2B
| $44.8K | ﹤0.01% |
212
-263
| -55% | -$54.2K |
|
464
RenaissanceRe
RNR
$13.3B
| $44.5K | ﹤0.01% |
+222
| New | +$44.7K |
|
465
Everest Group
EG
$14.5B
| $44.4K | ﹤0.01% |
+124
| New | +$44.6K |
|
466
Allison Transmission
ALSN
$9.5B
| $44.3K | ﹤0.01% |
980
-108
| -10% | -$4.85K |
|
|
WWE
467
DELISTED
World Wrestling Entertainment
WWE
| $43.7K | ﹤0.01% |
479
+221
| +86% | +$18.9K |
|
468
JB Hunt Transport Services
JBHT
$25.5B
| $42.6K | ﹤0.01% |
+243
| New | +$44.2K |
|
469
Wendy's
WEN
$1.4B
| $40.6K | ﹤0.01% |
1,866
+877
| +89% | +$19.3K |
|
470
Brunswick
BC
$5.13B
| $40K | ﹤0.01% |
+488
| New | +$40.4K |
|
471
Valmont Industries
VMI
$9.3B
| $39.9K | ﹤0.01% |
125
-3
| -2% | -$957 |
|
472
Elevance Health
ELV
$81.5B
| $39.1K | ﹤0.01% |
85
-128
| -60% | -$60.9K |
|
473
Ubiquiti
UI
$33.7B
| $36.4K | ﹤0.01% |
134
-56
| -29% | -$15.5K |
|
474
United Therapeutics
UTHR
$25.8B
| $36.1K | ﹤0.01% |
161
-183,352
| -100% | -$45.2M |
|
475
Jack Henry & Associates
JKHY
$10.9B
| $33.6K | ﹤0.01% |
223
-316
| -59% | -$52.7K |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.