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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Axos Financial
AX
$5.6B
| – | – |
-135,186
| Closed | -$5.12M |
|
452
Alibaba
BABA
$279B
| – | – |
-35,600
| Closed | -$3.09M |
|
453
Brunswick
BC
$5.18B
| – | – |
-275
| Closed | -$21.7K |
|
454
Becton Dickinson
BDX
$45.6B
| – | – |
-9,428
| Closed | -$2.44M |
|
455
Chemed
CHE
$7.1B
| – | – |
-43
| Closed | -$22.3K |
|
456
Charter Communications
CHTR
$16.9B
| – | – |
-2,095
| Closed | -$921K |
|
457
CI&T Inc
CINT
$414M
| – | – |
-67,182
| Closed | -$437K |
|
458
Cencora
COR
$60.7B
| – | – |
-278
| Closed | -$50K |
|
459
Canadian Pacific Kansas City
CP
$78.3B
| – | – |
-4,836
| Closed | -$360K |
|
|
DADA
460
DELISTED
Dada Nexus
DADA
| – | – |
-129,000
| Closed | -$574K |
|
461
Donaldson
DCI
$10.7B
| – | – |
-1
| Closed | -$60 |
|
462
Walt Disney
DIS
$167B
| – | – |
-3,141
| Closed | -$255K |
|
463
DaVita
DVA
$15.3B
| – | – |
-13,496
| Closed | -$1.28M |
|
464
Estee Lauder
EL
$30.7B
| – | – |
-3,741
| Closed | -$541K |
|
465
Enphase Energy
ENPH
$4.94B
| – | – |
-572
| Closed | -$68.7K |
|
466
Extreme Networks
EXTR
$3.9B
| – | – |
-1,401,093
| Closed | -$33.9M |
|
467
GE HealthCare
GEHC
$31.6B
| – | – |
-450
| Closed | -$30.6K |
|
468
Generac Holdings
GNRC
$11.3B
| – | – |
-18,073
| Closed | -$1.97M |
|
|
GOOS
469
Canada Goose Holdings
GOOS
$904M
| – | – |
-31,657
| Closed | -$464K |
|
|
HES
470
DELISTED
Hess
HES
| – | – |
-165,166
| Closed | -$25.3M |
|
471
Helios Technologies
HLIO
$2.57B
| – | – |
-122,860
| Closed | -$6.82M |
|
472
IDEX
IEX
$17.3B
| – | – |
-5
| Closed | -$1.04K |
|
|
IMA
473
ImageneBio Inc
IMA
$67.2M
| – | – |
-3,576
| Closed | -$186K |
|
474
JB Hunt Transport Services
JBHT
$25.3B
| – | – |
-100
| Closed | -$18.9K |
|
475
Landstar System
LSTR
$5.75B
| – | – |
-226
| Closed | -$40K |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.