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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Datadog
DDOG
$89.7B
| $139M | 0.74% |
1,909,625
-26,398
| -1% | -$1.94M |
|
27
SPS Commerce
SPSC
$2.52B
| $138M | 0.74% |
904,915
-74,484
| -8% | -$10.6M |
|
28
Casella Waste Systems
CWST
$5.71B
| $131M | 0.7% |
1,589,869
-704,950
| -31% | -$55.8M |
|
29
SLB Ltd
SLB
$74.9B
| $129M | 0.69% |
2,621,573
+700,484
| +36% | +$37.2M |
|
30
Inspire Medical Systems
INSP
$1.46B
| $128M | 0.69% |
548,154
+38,021
| +7% | +$9.61M |
|
31
RBC Bearings
RBC
$18.3B
| $127M | 0.68% |
547,618
-111,034
| -17% | -$25.6M |
|
|
32
GFL Environmental
GFL
$14.2B
| $123M | 0.66% |
+3,577,656
| New | +$113M |
|
33
Intuitive Surgical
ISRG
$130B
| $121M | 0.65% |
474,056
+26,340
| +6% | +$6.49M |
|
34
Insulet
PODD
$11.8B
| $120M | 0.64% |
376,902
-188,730
| -33% | -$55.9M |
|
35
JPMorgan Chase
JPM
$946B
| $120M | 0.64% |
918,292
+820,345
| +838% | +$112M |
|
36
Trip.com Group
TCOM
$28.8B
| $118M | 0.63% |
3,143,012
+2,581,231
| +459% | +$96M |
|
37
HEICO Corp Class A
HEI.A
$36.4B
| $116M | 0.62% |
853,353
-115,974
| -12% | -$15.4M |
|
38
Wingstop
WING
$3.71B
| $115M | 0.62% |
626,718
-14,136
| -2% | -$2.32M |
|
39
Albemarle
ALB
$13.3B
| $111M | 0.59% |
501,727
+141,409
| +39% | +$34.8M |
|
40
Progyny
PGNY
$2.39B
| $110M | 0.59% |
3,435,566
+1,062,855
| +45% | +$35.1M |
|
41
Trade Desk
TTD
$8.86B
| $108M | 0.58% |
1,766,842
-121,434
| -6% | -$6.46M |
|
42
Diamondback Energy
FANG
$53.7B
| $106M | 0.57% |
786,841
+290,166
| +58% | +$40.4M |
|
43
Walt Disney
DIS
$171B
| $106M | 0.57% |
1,061,731
+181,088
| +21% | +$18.3M |
|
44
Eaton
ETN
$150B
| $106M | 0.57% |
619,481
-603,681
| -49% | -$100M |
|
45
Cadence Design Systems
CDNS
$96B
| $104M | 0.56% |
494,607
-87,903
| -15% | -$16.6M |
|
46
Wabtec
WAB
$51.4B
| $104M | 0.55% |
1,024,227
-143,461
| -12% | -$14.6M |
|
47
Planet Fitness
PLNT
$4.42B
| $103M | 0.55% |
1,327,668
+339,835
| +34% | +$27.1M |
|
|
48
HEICO Corp
HEI
$50.2B
| $102M | 0.55% |
596,339
-32,450
| -5% | -$5.46M |
|
49
First Solar
FSLR
$21.6B
| $101M | 0.54% |
465,489
-166,589
| -26% | -$30.4M |
|
50
Boston Scientific
BSX
$69.1B
| $100M | 0.54% |
2,000,157
+813,771
| +69% | +$38.4M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.