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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Immunocore
IMCR
$1.7B
| – | – |
-9,479
| Closed | -$616K |
|
452
Iovance Biotherapeutics
IOVA
$2.1B
| – | – |
-182,765
| Closed | -$2.71M |
|
453
Integer Holdings
ITGR
$3.41B
| – | – |
-3,991
| Closed | -$466K |
|
454
Jabil
JBL
$31.7B
| – | – |
-1,408
| Closed | -$189K |
|
455
Kinsale Capital Group
KNSL
$8.43B
| – | – |
-807
| Closed | -$423K |
|
456
Kura Oncology
KURA
$826M
| – | – |
-18,079
| Closed | -$386K |
|
457
Kenvue
KVUE
$37.9B
| – | – |
-54,769
| Closed | -$1.18M |
|
458
Lithia Motors
LAD
$8.17B
| – | – |
-929
| Closed | -$279K |
|
459
Lincoln Electric
LECO
$14.6B
| – | – |
-399
| Closed | -$102K |
|
460
Linde
LIN
$236B
| – | – |
-61
| Closed | -$28.3K |
|
461
Molina Healthcare
MOH
$10.5B
| – | – |
-17,985
| Closed | -$7.39M |
|
|
NVEE
462
DELISTED
NV5 Global
NVEE
| – | – |
-140,768
| Closed | -$3.45M |
|
463
Okta
OKTA
$23.7B
| – | – |
-67,322
| Closed | -$7.04M |
|
464
Palo Alto Networks
PANW
$260B
| – | – |
-16,408
| Closed | -$2.33M |
|
465
Pliant Therapeutics
PLRX
$66.3M
| – | – |
-97,082
| Closed | -$1.45M |
|
466
Prothena Corp
PRTA
$448M
| – | – |
-32,996
| Closed | -$817K |
|
467
Arcus Biosciences
RCUS
$3.4B
| – | – |
-73,498
| Closed | -$1.39M |
|
468
Champion Homes
SKY
$4.58B
| – | – |
-85,998
| Closed | -$7.31M |
|
469
Scholar Rock
SRRK
$5.92B
| – | – |
-147,201
| Closed | -$2.61M |
|
470
Latham Group
SWIM
$673M
| – | – |
-1,324,575
| Closed | -$5.25M |
|
471
Spyre Therapeutics
SYRE
$8.68B
| – | – |
-18,158
| Closed | -$689K |
|
472
Toll Brothers
TOL
$14.5B
| – | – |
-325
| Closed | -$42K |
|
473
Twilio
TWLO
$29.5B
| – | – |
-8,915
| Closed | -$545K |
|
474
UFP Technologies
UFPT
$2B
| – | – |
-1,842
| Closed | -$465K |
|
475
United Rentals
URI
$67.9B
| – | – |
-832
| Closed | -$600K |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.