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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIIB icon
451
Biogen
BIIB
$30B
– –
-13,235
Closed -$3.42M
BMBL icon
452
Bumble
BMBL
$372M
– –
-282,387
Closed -$4.16M
BXMT icon
453
Blackstone Mortgage Trust
BXMT
$2.45B
– –
-90,670
Closed -$1.93M
CHGG icon
454
Chegg
CHGG
$110M
– –
-14,668
Closed -$167K
CRNX icon
455
Crinetics Pharmaceuticals
CRNX
$8.84B
– –
-15,667
Closed -$557K
CVNA icon
456
PUT
Carvana
CVNA
$68.6B
– –
-3,300
Closed -$660
CYTK icon
457
Cytokinetics
CYTK
$10.5B
– –
-20,921
Closed -$1.75M
DOCS icon
458
Doximity
DOCS
$3.76B
– –
-33,919
Closed -$951K
DOCU
459
DocuSign
DOCU
$10.5B
– –
-6,677
Closed -$397K
EDU icon
460
New Oriental
EDU
$9.37B
– –
-8,400
Closed -$616K
ELAN icon
461
Elanco Animal Health
ELAN
$13.2B
– –
-129,077
Closed -$1.92M
EOG icon
462
EOG Resources
EOG
$79.2B
– –
-106,474
Closed -$12.9M
ETSY icon
463
Etsy
ETSY
$7.75B
– –
-3,632
Closed -$294K
FICO icon
464
Fair Isaac
FICO
$24.3B
– –
-164
Closed -$191K
GRFS
465
Grifois
GRFS
$5.36B
– –
-439,068
Closed -$5.08M
GSHD icon
466
Goosehead Insurance
GSHD
$2.2B
– –
-4,996
Closed -$379K
HDB icon
467
HDFC Bank
HDB
$123B
– –
-157,108
Closed -$5.27M
HUM icon
468
Humana
HUM
$43.7B
– –
-167,666
Closed -$76.8M
IONS icon
469
Ionis Pharmaceuticals
IONS
$8.6B
– –
-24,054
Closed -$1.22M
IWF icon
470
iShares Russell 1000 Growth ETF
IWF
$121B
– –
-39,552
Closed -$3M
IWO icon
471
iShares Russell 2000 Growth ETF
IWO
$14.3B
– –
-18,084
Closed -$4.56M
IWP icon
472
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
– –
-30,969
Closed -$3.24M
KRYS icon
473
Krystal Biotech
KRYS
$10.1B
– –
-160,335
Closed -$19.9M
LIND icon
474
Lindblad Expeditions
LIND
$1.94B
– –
-313,458
Closed -$3.53M
LNG icon
475
Cheniere Energy
LNG
$55.2B
– –
-396,402
Closed -$67.7M
17 18
19
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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.