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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
+6.82%
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
$18.4B
AUM Growth
-$1.29B
(-6.5%)
Cap. Flow
-$1.51B
Cap. Flow
% of AUM
-8.21%
Top 10 Holdings %
Top 10 Hldgs %
26.32%
Holding
585
New
66
Increased
220
Reduced
190
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$127M |
| 2 |
NVIDIA
NVDA
|
+$124M |
| 3 |
Marvell Technology
MRVL
|
+$93.5M |
| 4 |
COUP
Coupa Software Incorporated
COUP
|
+$75.4M |
| 5 |
PayPal
PYPL
|
+$70.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$171M |
| 2 |
Tesla
TSLA
|
+$149M |
| 3 |
Apple
AAPL
|
+$137M |
| 4 |
Amazon
AMZN
|
+$134M |
| 5 |
Alibaba
BABA
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.81% |
| 2 | Healthcare | 25.72% |
| 3 | Industrials | 11.09% |
| 4 | Consumer Discretionary | 11.02% |
| 5 | Communication Services | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RXDX
26
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $150M | 0.81% |
1,359,256
+323,091
| +31% | +$21M |
|
27
Datadog
DDOG
$89.7B
| $142M | 0.77% |
1,936,023
+434,577
| +29% | +$33.9M |
|
|
PXD
28
DELISTED
Pioneer Natural Resource Co.
PXD
| $142M | 0.77% |
622,812
-404,521
| -39% | -$98.4M |
|
|
29
PayPal
PYPL
$49.5B
| $141M | 0.76% |
1,979,176
+877,621
| +80% | +$70.2M |
|
30
SolarEdge
SEDG
$2.62B
| $140M | 0.76% |
495,822
+166,941
| +51% | +$44.3M |
|
31
RBC Bearings
RBC
$18.5B
| $138M | 0.75% |
658,652
-212,020
| -24% | -$48.4M |
|
32
Advanced Micro Devices
AMD
$807B
| $134M | 0.73% |
2,065,803
-1,347,736
| -39% | -$89M |
|
|
33
Tesla
TSLA
$1.22T
| $131M | 0.71% |
1,067,224
-786,999
| -42% | -$149M |
|
34
Las Vegas Sands
LVS
$31.6B
| $129M | 0.7% |
2,687,634
+907,534
| +51% | +$38.5M |
|
35
Humana
HUM
$45.8B
| $129M | 0.7% |
252,225
+115,447
| +84% | +$60.7M |
|
36
Inspire Medical Systems
INSP
$1.47B
| $128M | 0.7% |
510,133
+50,545
| +11% | +$10.8M |
|
|
ONT
37
Onterris Inc
ONT
$718M
| $126M | 0.69% |
2,848,212
-368,497
| -11% | -$15.6M |
|
38
SPS Commerce
SPSC
$2.41B
| $126M | 0.68% |
979,399
-104,169
| -10% | -$13.4M |
|
39
Paycom
PAYC
$7.05B
| $125M | 0.67% |
401,218
-50,661
| -11% | -$16.3M |
|
|
40
Snowflake
SNOW
$94.6B
| $119M | 0.65% |
+832,045
| New | +$127M |
|
41
Intuitive Surgical
ISRG
$128B
| $119M | 0.64% |
447,716
-122
| -0% | -$29.7K |
|
42
Vertex Pharmaceuticals
VRTX
$122B
| $117M | 0.63% |
404,865
-122,841
| -23% | -$37.4M |
|
43
Wabtec
WAB
$50.8B
| $117M | 0.63% |
1,167,688
+658,069
| +129% | +$62.9M |
|
44
HEICO Corp Class A
HEI.A
$36.3B
| $116M | 0.63% |
969,327
+123,157
| +15% | +$15M |
|
|
45
MGM Resorts International
MGM
$11.8B
| $115M | 0.62% |
3,428,116
-4,949,558
| -59% | -$171M |
|
46
Palo Alto Networks
PANW
$259B
| $111M | 0.6% |
1,592,238
-418,588
| -21% | -$33.6M |
|
47
Bio-Techne
TECH
$11.2B
| $111M | 0.6% |
1,337,191
-440,849
| -25% | -$35M |
|
48
Veeva Systems
VEEV
$31.6B
| $104M | 0.56% |
645,439
-77,453
| -11% | -$13.2M |
|
49
SLB Ltd
SLB
$76.5B
| $103M | 0.56% |
1,921,089
+1,345,946
| +234% | +$67M |
|
50
Vail Resorts
MTN
$5.28B
| $102M | 0.55% |
429,153
+32,623
| +8% | +$7.65M |
|
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Fred Alger Management's Q4 2022 Portfolio in Review
As of Q4 2022, Fred Alger Management held 585 positions worth $18.4B, down 6.5% from $19.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fred Alger Management withdrew a net $1.51B in Q4 2022, closing 69 positions and reducing 190 holdings. Its most notable exit was Monolithic Power Systems, an estimated $65.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Fred Alger Management opened a new position in Snowflake worth $119M.
- Fred Alger Management's largest Q4 2022 buy was Snowflake: 832,045 shares worth $119M.
- Fred Alger Management added most to NVIDIA in Q4 2022, an estimated $124M increase.
- Fred Alger Management's biggest Q4 2022 reduction was MGM Resorts International, cutting an estimated $171M.
- Fred Alger Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $65.9M.
- Fred Alger Management's ten largest holdings make up 26% of its $18.4B portfolio in Q4 2022.
- Fred Alger Management opened 66 new positions and closed 69 in Q4 2022.
- Fred Alger Management's portfolio value fell 6.5% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2022, filed 14 Feb 2023.