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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELF icon
451
e.l.f. Beauty
ELF
$4.85B
– –
-142,248
Closed -$30M
ESTC icon
452
Elastic
ESTC
$6.68B
– –
-279
Closed -$31.8K
EW icon
453
Edwards Lifesciences
EW
$50B
– –
-296,275
Closed -$27.4M
FOUR icon
454
Shift4
FOUR
$4.26B
– –
-65,049
Closed -$4.77M
GEHC icon
455
GE HealthCare
GEHC
$31.6B
– –
-334
Closed -$26K
GPN icon
456
Global Payments
GPN
$23.8B
– –
-567
Closed -$54.8K
HLVX
457
DELISTED
HilleVax
HLVX
– –
-136,166
Closed -$1.97M
HQY icon
458
HealthEquity
HQY
$8.44B
– –
-61,469
Closed -$5.3M
HXL icon
459
Hexcel
HXL
$7.76B
– –
-57,486
Closed -$3.59M
ICLR icon
460
Icon
ICLR
$12.8B
– –
-35,958
Closed -$11.3M
IDYA icon
461
IDEAYA Biosciences
IDYA
$3.5B
– –
-11,994
Closed -$421K
IMVT icon
462
Immunovant
IMVT
$8.11B
– –
-607,724
Closed -$16M
MBLY icon
463
Mobileye
MBLY
$1.99B
– –
-44,920
Closed -$1.26M
MEDP icon
464
Medpace
MEDP
$16.1B
– –
-4,103
Closed -$1.69M
MLAB icon
465
Mesa Laboratories
MLAB
$558M
– –
-20,570
Closed -$1.78M
MNSO icon
466
MINISO
MNSO
$3.91B
– –
-20,588
Closed -$393K
MSTR icon
467
Strategy Inc
MSTR
$35.7B
– –
-10
Closed -$1.38K
NTNX icon
468
Nutanix
NTNX
$16B
– –
-166,074
Closed -$9.44M
PAYC icon
469
Paycom
PAYC
$7.53B
– –
-17,400
Closed -$2.49M
PDD icon
470
Pinduoduo
PDD
$124B
– –
-6,047
Closed -$804K
PFGC icon
471
Performance Food Group
PFGC
$18B
– –
-5,954
Closed -$394K
P
472
Everpure Inc
P
$25B
– –
-54,420
Closed -$3.49M
PTC icon
473
PTC
PTC
$15.7B
– –
-3,516
Closed -$639K
QTRX icon
474
Quanterix
QTRX
$166M
– –
-40,495
Closed -$535K
RRX icon
475
Regal Rexnord
RRX
$13.5B
– –
-2,591
Closed -$350K
16 17 18
19
20

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.