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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
-7.7%
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
$31.3B
AUM Growth
-$8.62B
(-22%)
Cap. Flow
-$3.66B
Cap. Flow
% of AUM
-11.69%
Top 10 Holdings %
Top 10 Hldgs %
30.33%
Holding
574
New
67
Increased
165
Reduced
236
Closed
83
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$255M |
| 2 |
Visa
V
|
+$248M |
| 3 |
Intuit
INTU
|
+$235M |
| 4 |
Alibaba
BABA
|
+$229M |
| 5 |
Advanced Micro Devices
AMD
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$381M |
| 2 |
Adobe
ADBE
|
+$304M |
| 3 |
Applied Materials
AMAT
|
+$250M |
| 4 |
Amazon
AMZN
|
+$207M |
| 5 |
Micron Technology
MU
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.83% |
| 2 | Healthcare | 18.53% |
| 3 | Consumer Discretionary | 14.86% |
| 4 | Industrials | 11.27% |
| 5 | Financials | 6.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Applied Materials
AMAT
$410B
| $238M | 0.76% |
1,808,097
-1,817,000
| -50% | -$250M |
|
27
Casella Waste Systems
CWST
$5.68B
| $234M | 0.75% |
2,666,111
+256,730
| +11% | +$20.5M |
|
28
FirstService
FSV
$6.45B
| $227M | 0.72% |
1,563,420
+83,999
| +6% | +$12.8M |
|
29
Eaton
ETN
$155B
| $225M | 0.72% |
1,482,462
-596,010
| -29% | -$93.3M |
|
30
Shopify
SHOP
$165B
| $223M | 0.71% |
3,299,200
-1,229,510
| -27% | -$101M |
|
31
XPO
XPO
$24.4B
| $217M | 0.69% |
5,025,068
+1,893,140
| +60% | +$79.1M |
|
32
Capri Holdings
CPRI
$1.82B
| $217M | 0.69% |
4,218,844
-2,492,015
| -37% | -$149M |
|
|
33
Alibaba
BABA
$276B
| $216M | 0.69% |
+1,989,523
| New | +$229M |
|
34
Insulet
PODD
$11.4B
| $209M | 0.67% |
783,337
-276,045
| -26% | -$67.8M |
|
35
Shake Shack
SHAK
$2.48B
| $206M | 0.66% |
3,036,954
-603,352
| -17% | -$41.5M |
|
36
Upstart Holdings
UPST
$2.63B
| $204M | 0.65% |
1,865,443
+955,883
| +105% | +$110M |
|
37
Paycom
PAYC
$7.05B
| $203M | 0.65% |
585,727
+2,440
| +0.4% | +$818K |
|
38
Repligen
RGEN
$7.39B
| $193M | 0.62% |
1,025,858
-192,784
| -16% | -$36.6M |
|
39
QuidelOrtho
QDEL
$1.15B
| $192M | 0.61% |
1,709,047
-514,296
| -23% | -$54.8M |
|
40
Chegg
CHGG
$110M
| $191M | 0.61% |
5,265,905
+566,607
| +12% | +$17M |
|
|
CHX
41
DELISTED
ChampionX
CHX
| $182M | 0.58% |
7,434,021
-396,738
| -5% | -$9.18M |
|
42
AtriCure
ATRC
$1.89B
| $181M | 0.58% |
2,759,355
-481,492
| -15% | -$31.2M |
|
43
BILL Holdings
BILL
$4.47B
| $181M | 0.58% |
798,677
-192,161
| -19% | -$40.1M |
|
44
Progyny
PGNY
$2.47B
| $179M | 0.57% |
3,477,836
-1,082,483
| -24% | -$46.4M |
|
45
Cadence Design Systems
CDNS
$93.4B
| $177M | 0.56% |
1,073,632
+316,710
| +42% | +$48.6M |
|
46
SPS Commerce
SPSC
$2.41B
| $169M | 0.54% |
1,287,506
-6,350
| -0.5% | -$795K |
|
|
ONT
47
Onterris Inc
ONT
$718M
| $168M | 0.54% |
3,174,023
+277,678
| +10% | +$13.8M |
|
48
Veeva Systems
VEEV
$31.6B
| $160M | 0.51% |
751,996
-275,089
| -27% | -$59.7M |
|
49
Airbnb
ABNB
$87.2B
| $158M | 0.51% |
921,951
-196,808
| -18% | -$31.3M |
|
50
SiteOne Landscape Supply
SITE
$4.49B
| $158M | 0.5% |
974,714
-305,006
| -24% | -$55.4M |
|
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Fred Alger Management's Q1 2022 Portfolio in Review
As of Q1 2022, Fred Alger Management held 574 positions worth $31.3B, down 22% from $39.9B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $3.66B in Q1 2022, closing 83 positions and reducing 236 holdings. Its most notable exit was Coinbase, an estimated $173M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 38% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Alibaba worth $216M.
- Fred Alger Management's largest Q1 2022 buy was Alibaba: 1,989,523 shares worth $216M.
- Fred Alger Management added most to Pioneer Natural Resource Co. in Q1 2022, an estimated $255M increase.
- Fred Alger Management's biggest Q1 2022 reduction was Qualcomm, cutting an estimated $381M.
- Fred Alger Management fully exited Coinbase in Q1 2022, selling an estimated $173M.
- Fred Alger Management's ten largest holdings make up 30% of its $31.3B portfolio in Q1 2022.
- Fred Alger Management opened 67 new positions and closed 83 in Q1 2022.
- Fred Alger Management's portfolio value fell 22% quarter-over-quarter to $31.3B.
Based on Fred Alger Management's 13F filing for Q1 2022, filed 16 May 2022.