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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SolarEdge
SEDG
$2.59B
| $183M | 0.86% |
669,264
+215,943
| +48% | +$59.1M |
|
27
Bio-Techne
TECH
$11.2B
| $174M | 0.81% |
2,007,112
-1,302,596
| -39% | -$122M |
|
28
Casella Waste Systems
CWST
$5.69B
| $173M | 0.81% |
2,373,950
-292,161
| -11% | -$22.2M |
|
29
Intuitive Surgical
ISRG
$121B
| $171M | 0.8% |
850,409
-232,819
| -21% | -$54.6M |
|
30
Applied Materials
AMAT
$426B
| $169M | 0.79% |
1,854,898
+46,801
| +3% | +$5.13M |
|
31
FirstService
FSV
$6.32B
| $165M | 0.77% |
1,362,963
-200,457
| -13% | -$25.3M |
|
32
AstraZeneca
AZN
$263B
| $162M | 0.76% |
1,225,665
+476,544
| +64% | +$62.5M |
|
33
Paycom
PAYC
$6.78B
| $151M | 0.7% |
537,623
-48,104
| -8% | -$14.2M |
|
34
NextEra Energy
NEE
$187B
| $150M | 0.7% |
1,940,848
+630,277
| +48% | +$48M |
|
|
SBNY
35
DELISTED
Signature Bank
SBNY
| $144M | 0.67% |
804,821
-353,038
| -30% | -$79.1M |
|
36
Vertex Pharmaceuticals
VRTX
$121B
| $140M | 0.66% |
498,339
+65,885
| +15% | +$17.6M |
|
37
Edwards Lifesciences
EW
$47.6B
| $138M | 0.65% |
1,454,302
+283,024
| +24% | +$29.3M |
|
38
Cadence Design Systems
CDNS
$90B
| $138M | 0.64% |
918,825
-154,807
| -14% | -$23.4M |
|
39
Veeva Systems
VEEV
$30.3B
| $136M | 0.63% |
686,141
-65,855
| -9% | -$12.1M |
|
40
Insulet
PODD
$11.3B
| $136M | 0.63% |
621,743
-161,594
| -21% | -$36.7M |
|
41
ServiceNow
NOW
$102B
| $132M | 0.62% |
+1,388,500
| New | +$132M |
|
42
SPS Commerce
SPSC
$2.25B
| $132M | 0.61% |
1,163,821
-123,685
| -10% | -$14M |
|
43
Baker Hughes
BKR
$56.8B
| $125M | 0.58% |
4,315,171
+778,395
| +22% | +$26.3M |
|
|
44
NVIDIA
NVDA
$5.01T
| $125M | 0.58% |
8,216,290
-18,490,900
| -69% | -$349M |
|
45
QuidelOrtho
QDEL
$1.09B
| $117M | 0.55% |
1,204,765
-504,282
| -30% | -$51.4M |
|
46
Acadia Healthcare
ACHC
$3.17B
| $117M | 0.55% |
1,728,192
+1,563,325
| +948% | +$109M |
|
|
ONT
47
Onterris Inc
ONT
$710M
| $114M | 0.53% |
3,374,103
+200,080
| +6% | +$8.37M |
|
|
48
Trade Desk
TTD
$8.13B
| $112M | 0.52% |
2,663,982
+2,540,134
| +2,051% | +$139M |
|
49
HEICO Corp Class A
HEI.A
$35.4B
| $111M | 0.52% |
1,052,871
+11,549
| +1% | +$1.33M |
|
50
Hamilton Lane
HLNE
$3.63B
| $109M | 0.51% |
1,622,625
-98,906
| -6% | -$6.81M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.