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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Liberty Media Series C
FWONK
$24.3B
| $140M | 0.72% |
1,927,739
-71,171
| -4% | -$5.06M |
|
27
Transmedics
TMDX
$2.5B
| $139M | 0.71% |
1,649,508
+505,869
| +44% | +$38.7M |
|
28
JPMorgan Chase
JPM
$939B
| $134M | 0.69% |
924,471
+6,179
| +0.7% | +$850K |
|
29
Acadia Healthcare
ACHC
$3.17B
| $133M | 0.68% |
1,670,779
-285,262
| -15% | -$20.6M |
|
30
Advanced Micro Devices
AMD
$851B
| $132M | 0.67% |
1,158,040
-662,019
| -36% | -$68.8M |
|
31
McKesson
MCK
$98.5B
| $130M | 0.66% |
303,868
+125,243
| +70% | +$48.1M |
|
32
Progyny
PGNY
$2.44B
| $129M | 0.66% |
3,289,075
-146,491
| -4% | -$5.29M |
|
33
ServiceNow
NOW
$102B
| $129M | 0.66% |
1,143,385
+265,940
| +30% | +$26.6M |
|
34
SLB Ltd
SLB
$77.8B
| $125M | 0.64% |
2,539,958
-81,615
| -3% | -$3.89M |
|
35
Casella Waste Systems
CWST
$5.69B
| $124M | 0.63% |
1,371,245
-218,624
| -14% | -$19.5M |
|
36
HEICO Corp Class A
HEI.A
$35.4B
| $121M | 0.62% |
859,127
+5,774
| +0.7% | +$774K |
|
|
37
Vaxcyte
PCVX
$7.89B
| $118M | 0.6% |
2,371,218
+1,526,440
| +181% | +$72.4M |
|
38
Danaher
DHR
$135B
| $117M | 0.6% |
548,097
-101,029
| -16% | -$21.4M |
|
39
Glaukos
GKOS
$9.02B
| $116M | 0.59% |
1,630,588
+109,801
| +7% | +$6.3M |
|
40
Albemarle
ALB
$13.5B
| $115M | 0.59% |
514,328
+12,601
| +3% | +$2.58M |
|
41
Trip.com Group
TCOM
$27.5B
| $114M | 0.58% |
3,270,761
+127,749
| +4% | +$4.44M |
|
42
Wingstop
WING
$3.68B
| $114M | 0.58% |
570,791
-55,927
| -9% | -$10.9M |
|
43
Boston Scientific
BSX
$65.8B
| $111M | 0.57% |
2,058,480
+58,323
| +3% | +$3.05M |
|
44
SiteOne Landscape Supply
SITE
$4.43B
| $108M | 0.55% |
648,108
-27,188
| -4% | -$4.01M |
|
45
Novanta
NOVT
$5.04B
| $108M | 0.55% |
584,718
+80,559
| +16% | +$13.2M |
|
46
Diamondback Energy
FANG
$57.6B
| $107M | 0.55% |
812,742
+25,901
| +3% | +$3.47M |
|
47
AstraZeneca
AZN
$263B
| $107M | 0.55% |
745,510
+188,782
| +34% | +$27.8M |
|
48
Flywire
FLYW
$1.96B
| $105M | 0.53% |
3,371,098
+914,299
| +37% | +$27.4M |
|
49
Datadog
DDOG
$87.9B
| $104M | 0.53% |
1,053,878
-855,747
| -45% | -$71.6M |
|
50
Cadence Design Systems
CDNS
$90B
| $103M | 0.53% |
440,846
-53,761
| -11% | -$11.7M |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.