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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Ameriprise Financial
AMP
$48.1B
| $20.8K | ﹤0.01% |
63
-131
| -68% | -$44.7K |
|
452
Zoom
ZM
$27.1B
| $19.8K | ﹤0.01% |
+283
| New | +$19.6K |
|
453
JB Hunt Transport Services
JBHT
$25.3B
| $18.9K | ﹤0.01% |
100
-288
| -74% | -$55.3K |
|
454
TKO Group
TKO
$13.8B
| $18.6K | ﹤0.01% |
+221
| New | +$20.5K |
|
|
NVO
455
Novo Nordisk
NVO
$228B
| $2.91K | ﹤0.01% |
32
| – | – |
|
456
Grupo Aeroportuario Centro Norte
OMAB
$5.22B
| $1.91K | ﹤0.01% |
22
| – | – |
|
457
IDEX
IEX
$17.3B
| $1.04K | ﹤0.01% |
5
-385
| -99% | -$83.5K |
|
458
Sanofi
SNY
$103B
| $644 | ﹤0.01% |
+12
| New | +$640 |
|
459
Alcon
ALC
$33.9B
| $616 | ﹤0.01% |
8
-1
| -11% | -$82 |
|
460
Bruker
BRKR
$9.79B
| $436 | ﹤0.01% |
7
-855,597
| -100% | -$57.6M |
|
461
Donaldson
DCI
$10.7B
| $60 | ﹤0.01% |
1
-426
| -100% | -$26.4K |
|
462
Airbnb
ABNB
$90.3B
| – | – |
-55,262
| Closed | -$7.08M |
|
463
Analog Devices
ADI
$179B
| – | – |
-25,671
| Closed | -$5M |
|
464
Automatic Data Processing
ADP
$105B
| – | – |
-83
| Closed | -$18.2K |
|
465
C3.ai
AI
$1.41B
| – | – |
-11,787
| Closed | -$429K |
|
|
AKYA
466
DELISTED
Akoya BioSciences
AKYA
| – | – |
-262,212
| Closed | -$1.94M |
|
467
Allegro MicroSystems
ALGM
$7.72B
| – | – |
-529
| Closed | -$23.9K |
|
468
Alkermes
ALKS
$8.39B
| – | – |
-75,413
| Closed | -$2.36M |
|
469
Axalta
AXTA
$7.71B
| – | – |
-1,499
| Closed | -$49.2K |
|
470
Axsome Therapeutics
AXSM
$12.1B
| – | – |
-17,422
| Closed | -$1.25M |
|
471
Biogen
BIIB
$30.7B
| – | – |
-125,980
| Closed | -$35.9M |
|
472
Cheesecake Factory
CAKE
$5.03B
| – | – |
-151,002
| Closed | -$5.22M |
|
473
CDW
CDW
$18.6B
| – | – |
-469
| Closed | -$86.1K |
|
474
Cognex
CGNX
$10.4B
| – | – |
-394
| Closed | -$22.1K |
|
475
Churchill Downs
CHDN
$5.76B
| – | – |
-150
| Closed | -$20.9K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.