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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
+8.73%
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
$19.5B
AUM Growth
+$542M
(+2.9%)
Cap. Flow
-$738M
Cap. Flow
% of AUM
-3.79%
Top 10 Holdings %
Top 10 Hldgs %
40.49%
Holding
567
New
46
Increased
156
Reduced
216
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$148M |
| 2 |
Home Depot
HD
|
+$124M |
| 3 |
Philip Morris
PM
|
+$122M |
| 4 |
Microsoft
MSFT
|
+$119M |
| 5 |
Johnson Controls International
JCI
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$135M |
| 2 |
Verizon
VZ
|
+$107M |
| 3 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$92M |
| 4 |
Tesla
TSLA
|
+$85.9M |
| 5 |
Aptiv
APTV
|
+$84.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.16% |
| 2 | Healthcare | 19.18% |
| 3 | Communication Services | 17.29% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HDS
26
DELISTED
HD Supply Holdings, Inc.
HDS
| $168M | 0.86% |
5,251,317
+757,827
| +17% | +$26.2M |
|
27
ServiceNow
NOW
$102B
| $167M | 0.86% |
10,530,735
+2,155,995
| +26% | +$31.8M |
|
28
Eli Lilly
LLY
$1.07T
| $163M | 0.84% |
2,030,391
+999,552
| +97% | +$80M |
|
29
Alibaba
BABA
$269B
| $154M | 0.79% |
1,459,280
-84
| -0% | -$7.79K |
|
30
BioMarin Pharmaceuticals
BMRN
$11.5B
| $152M | 0.78% |
1,644,829
+209,042
| +15% | +$19.7M |
|
|
ATVI
31
DELISTED
Activision Blizzard
ATVI
| $148M | 0.76% |
3,339,124
+489,234
| +17% | +$20.5M |
|
32
DexCom
DXCM
$27.6B
| $145M | 0.75% |
6,633,680
+595,292
| +10% | +$13.2M |
|
33
Air Products & Chemicals
APD
$66.3B
| $144M | 0.74% |
1,036,013
+639,385
| +161% | +$88.7M |
|
34
Morgan Stanley
MS
$337B
| $144M | 0.74% |
4,478,501
+1,691,359
| +61% | +$50.5M |
|
35
Biogen
BIIB
$29.9B
| $141M | 0.72% |
449,722
-138,659
| -24% | -$41.1M |
|
36
Vertex Pharmaceuticals
VRTX
$121B
| $140M | 0.72% |
1,609,897
+6,793
| +0.4% | +$642K |
|
37
ASML
ASML
$675B
| $133M | 0.68% |
1,209,905
+298,228
| +33% | +$31.6M |
|
|
38
Aptiv
APTV
$12B
| $129M | 0.66% |
1,801,984
-1,246,298
| -41% | -$84.1M |
|
|
APC
39
DELISTED
Anadarko Petroleum
APC
| $128M | 0.66% |
2,026,642
+416,289
| +26% | +$23.2M |
|
40
Crown Castle
CCI
$32.7B
| $128M | 0.66% |
1,357,414
-198,179
| -13% | -$19.1M |
|
41
Altria Group
MO
$122B
| $121M | 0.62% |
1,914,796
-83,192
| -4% | -$5.53M |
|
42
Blackstone
BX
$104B
| $119M | 0.61% |
4,668,813
-385,899
| -8% | -$10.2M |
|
|
43
Bristol-Myers Squibb
BMY
$127B
| $117M | 0.6% |
2,164,557
-2,096,406
| -49% | -$135M |
|
|
44
Johnson Controls International
JCI
$87.5B
| $115M | 0.59% |
2,474,413
+2,454,482
| +12,315% | +$114M |
|
45
Lockheed Martin
LMT
$134B
| $114M | 0.58% |
475,254
+149,311
| +46% | +$37.4M |
|
46
PVH
PVH
$3.71B
| $109M | 0.56% |
984,860
+512,632
| +109% | +$53M |
|
47
Medtronic
MDT
$107B
| $108M | 0.55% |
1,250,759
-185,937
| -13% | -$16.2M |
|
48
Boston Scientific
BSX
$65.8B
| $106M | 0.54% |
4,455,682
+559,076
| +14% | +$13.3M |
|
49
CVS Health
CVS
$137B
| $92M | 0.47% |
1,033,859
-201,110
| -16% | -$19M |
|
50
Centene
CNC
$31.3B
| $89.9M | 0.46% |
2,686,170
+2,112,880
| +369% | +$73.4M |
|
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Fred Alger Management's Q3 2016 Portfolio in Review
As of Q3 2016, Fred Alger Management held 567 positions worth $19.5B, up 2.9% from $18.9B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Fred Alger Management withdrew a net $738M in Q3 2016, closing 71 positions and reducing 216 holdings. Its most notable exit was TYCO INTL PLC COM SHS (IRL), an estimated $92M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Trip.com Group worth $55.6M.
- Fred Alger Management's largest Q3 2016 buy was Trip.com Group: 1,194,641 shares worth $55.6M.
- Fred Alger Management added most to Apple in Q3 2016, an estimated $148M increase.
- Fred Alger Management's biggest Q3 2016 reduction was Bristol-Myers Squibb, cutting an estimated $135M.
- Fred Alger Management fully exited TYCO INTL PLC COM SHS (IRL) in Q3 2016, selling an estimated $92M.
- Fred Alger Management's ten largest holdings make up 40% of its $19.5B portfolio in Q3 2016.
- Fred Alger Management opened 46 new positions and closed 71 in Q3 2016.
- Fred Alger Management's portfolio value rose 2.9% quarter-over-quarter to $19.5B.
Based on Fred Alger Management's 13F filing for Q3 2016, filed 14 Nov 2016.