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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Pinterest
PINS
$13.2B
| $126M | 0.73% |
4,672,065
+4,670,394
| +279,497% | +$127M |
|
27
Eli Lilly
LLY
$1.07T
| $124M | 0.71% |
231,129
+87,164
| +61% | +$44.9M |
|
28
ServiceNow
NOW
$110B
| $124M | 0.71% |
1,108,450
-34,935
| -3% | -$3.99M |
|
29
Trade Desk
TTD
$8.54B
| $122M | 0.7% |
1,563,582
-450,244
| -22% | -$36.4M |
|
30
Cadence Design Systems
CDNS
$93.8B
| $111M | 0.64% |
475,259
+34,413
| +8% | +$8.05M |
|
31
Flywire
FLYW
$2B
| $111M | 0.64% |
3,479,847
+108,749
| +3% | +$3.48M |
|
32
SPS Commerce
SPSC
$2.42B
| $110M | 0.63% |
647,258
-106,510
| -14% | -$18.9M |
|
33
Trip.com Group
TCOM
$28.1B
| $110M | 0.63% |
3,154,192
-116,569
| -4% | -$4.38M |
|
34
Liberty Media Series C
FWONK
$24.6B
| $110M | 0.63% |
1,761,659
-166,080
| -9% | -$11.4M |
|
35
Progyny
PGNY
$2.48B
| $109M | 0.63% |
3,212,745
-76,330
| -2% | -$2.88M |
|
36
Intuitive Surgical
ISRG
$128B
| $108M | 0.62% |
370,759
-77,413
| -17% | -$24.2M |
|
37
Vertex
VERX
$2.09B
| $107M | 0.62% |
4,651,701
+404,550
| +10% | +$8.32M |
|
38
Vaxcyte
PCVX
$8B
| $107M | 0.61% |
2,093,305
-277,913
| -12% | -$13.7M |
|
39
Diamondback Energy
FANG
$56.1B
| $106M | 0.61% |
683,107
-129,635
| -16% | -$19.1M |
|
|
PRO
40
DELISTED
PROS Holdings
PRO
| $105M | 0.6% |
3,032,813
-217,043
| -7% | -$7.5M |
|
41
Casella Waste Systems
CWST
$5.76B
| $105M | 0.6% |
1,376,089
+4,844
| +0.4% | +$397K |
|
42
AppFolio
APPF
$6.13B
| $104M | 0.6% |
572,007
+62,347
| +12% | +$11.3M |
|
43
Acadia Healthcare
ACHC
$3.02B
| $104M | 0.6% |
1,483,685
-187,094
| -11% | -$14M |
|
44
SiteOne Landscape Supply
SITE
$4.53B
| $103M | 0.59% |
629,878
-18,230
| -3% | -$2.98M |
|
45
HEICO Corp Class A
HEI.A
$35.7B
| $102M | 0.59% |
792,113
-67,014
| -8% | -$9.09M |
|
46
RBC Bearings
RBC
$18.3B
| $98.3M | 0.56% |
419,664
-9,924
| -2% | -$2.25M |
|
|
47
HEICO Corp
HEI
$49.5B
| $93.5M | 0.54% |
577,181
+14,029
| +2% | +$2.38M |
|
48
StepStone Group
STEP
$3.63B
| $89.2M | 0.51% |
2,823,766
+289,383
| +11% | +$8.4M |
|
|
PXD
49
DELISTED
Pioneer Natural Resource Co.
PXD
| $88.5M | 0.51% |
385,507
-42,148
| -10% | -$9.59M |
|
50
CME Group
CME
$92.5B
| $88.2M | 0.51% |
440,557
-18,986
| -4% | -$3.77M |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.