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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
+5.88%
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
$21.5B
AUM Growth
-$647M
(-2.9%)
Cap. Flow
-$1.48B
Cap. Flow
% of AUM
-6.88%
Top 10 Holdings %
Top 10 Hldgs %
38.78%
Holding
614
New
58
Increased
200
Reduced
215
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$164M |
| 2 |
Salesforce
CRM
|
+$163M |
| 3 |
SBA Communications
SBAC
|
+$130M |
| 4 |
Boeing
BA
|
+$128M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$496M |
| 2 |
Apple
AAPL
|
+$260M |
| 3 |
Amazon
AMZN
|
+$179M |
| 4 |
Microchip Technology
MCHP
|
+$130M |
| 5 |
Crown Castle
CCI
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.61% |
| 2 | Consumer Discretionary | 16.32% |
| 3 | Healthcare | 15.75% |
| 4 | Communication Services | 12.15% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
S&P Global
SPGI
$126B
| $194M | 0.9% |
1,015,783
+324,352
| +47% | +$59.9M |
|
27
Vulcan Materials
VMC
$36.3B
| $193M | 0.9% |
1,692,497
+52,922
| +3% | +$6.67M |
|
28
McDonald's
MCD
$188B
| $177M | 0.82% |
1,132,532
-89,179
| -7% | -$14.7M |
|
29
AbbVie
ABBV
$458B
| $177M | 0.82% |
1,868,261
+618,563
| +49% | +$68M |
|
|
30
SBA Communications
SBAC
$18.4B
| $176M | 0.82% |
1,030,650
+784,458
| +319% | +$130M |
|
31
Netflix
NFLX
$292B
| $176M | 0.82% |
5,952,310
-1,696,760
| -22% | -$46.2M |
|
32
Insulet
PODD
$11.3B
| $167M | 0.78% |
1,929,665
+121,049
| +7% | +$9.4M |
|
33
Morgan Stanley
MS
$337B
| $156M | 0.73% |
2,896,760
-1,033,940
| -26% | -$57.2M |
|
34
Illumina
ILMN
$29.4B
| $152M | 0.7% |
659,100
+60,732
| +10% | +$13.9M |
|
|
PXD
35
DELISTED
Pioneer Natural Resource Co.
PXD
| $145M | 0.67% |
842,597
-262,090
| -24% | -$46.2M |
|
36
Electronic Arts
EA
$52.4B
| $143M | 0.66% |
1,178,861
+305,512
| +35% | +$37M |
|
37
Sherwin-Williams
SHW
$78.3B
| $135M | 0.63% |
1,035,012
-887,139
| -46% | -$121M |
|
38
Boston Scientific
BSX
$65.8B
| $133M | 0.62% |
4,850,717
+1,631,130
| +51% | +$44.3M |
|
|
39
Microchip Technology
MCHP
$42.8B
| $132M | 0.61% |
2,878,972
-2,815,726
| -49% | -$130M |
|
40
Medtronic
MDT
$107B
| $128M | 0.6% |
1,597,846
+542,715
| +51% | +$44.8M |
|
41
Sarepta Therapeutics
SRPT
$1.66B
| $121M | 0.56% |
1,639,865
+58,340
| +4% | +$3.89M |
|
42
ServiceNow
NOW
$102B
| $121M | 0.56% |
3,658,575
-1,960,585
| -35% | -$60.5M |
|
|
EXAS
43
DELISTED
Exact Sciences
EXAS
| $115M | 0.53% |
2,844,888
+1,076,357
| +61% | +$52.5M |
|
44
Vail Resorts
MTN
$5.19B
| $113M | 0.53% |
511,620
+92,932
| +22% | +$20.3M |
|
|
ABMD
45
DELISTED
Abiomed Inc
ABMD
| $113M | 0.53% |
388,531
-110,763
| -22% | -$28.1M |
|
46
NVIDIA
NVDA
$5.01T
| $111M | 0.52% |
19,217,080
+2,907,040
| +18% | +$17.1M |
|
47
Comcast
CMCSA
$79.1B
| $109M | 0.51% |
3,187,468
-2,450,304
| -43% | -$95M |
|
48
PVH
PVH
$3.71B
| $106M | 0.49% |
702,262
+25,205
| +4% | +$3.68M |
|
49
Bristol-Myers Squibb
BMY
$127B
| $106M | 0.49% |
1,672,166
+308,629
| +23% | +$19.9M |
|
50
XPO
XPO
$25B
| $105M | 0.49% |
2,989,146
-17,930
| -0.6% | -$598K |
|
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Fred Alger Management's Q1 2018 Portfolio in Review
As of Q1 2018, Fred Alger Management held 614 positions worth $21.5B, down 2.9% from $22.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.48B in Q1 2018, closing 65 positions and reducing 215 holdings. Its most notable exit was Broadcom, an estimated $496M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Fred Alger Management opened a new position in Zayo Group Holdings, Inc. worth $33.9M.
- Fred Alger Management's largest Q1 2018 buy was Zayo Group Holdings, Inc.: 991,263 shares worth $33.9M.
- Fred Alger Management added most to Microsoft in Q1 2018, an estimated $164M increase.
- Fred Alger Management's biggest Q1 2018 reduction was Apple, cutting an estimated $260M.
- Fred Alger Management fully exited Broadcom in Q1 2018, selling an estimated $496M.
- Fred Alger Management's ten largest holdings make up 39% of its $21.5B portfolio in Q1 2018.
- Fred Alger Management opened 58 new positions and closed 65 in Q1 2018.
- Fred Alger Management's portfolio value fell 2.9% quarter-over-quarter to $21.5B.
Based on Fred Alger Management's 13F filing for Q1 2018, filed 10 May 2018.