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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISRG icon
26
Intuitive Surgical
ISRG
$128B
$159M 0.79%
397,618
-22,026
-5% -$8.32M
BSX icon
27
Boston Scientific
BSX
$67.6B
$151M 0.75%
2,207,649
-12,045
-0.5% -$774K
VERX icon
28
Vertex
VERX
$2.05B
$145M 0.72%
4,563,457
+146,327
+3% +$3.95M
UBER icon
29
Uber
UBER
$139B
$136M 0.67%
1,763,508
+234,032
+15% +$16.8M
WING icon
30
Wingstop
WING
$3.74B
$135M 0.67%
368,620
-49,971
-12% -$15.5M
DKNG icon
31
DraftKings
DKNG
$12B
$133M 0.66%
2,928,814
+1,063,861
+57% +$43.3M
MCK icon
32
McKesson
MCK
$99.5B
$124M 0.61%
230,148
-5,089
-2% -$2.58M
CDNS icon
33
Cadence Design Systems
CDNS
$93.4B
$123M 0.61%
396,268
-24,381
-6% -$7.21M
FWONK icon
34
Liberty Media Series C
FWONK
$24.6B
$123M 0.61%
1,868,709
-20,939
-1% -$1.41M
CWST icon
35
Casella Waste Systems
CWST
$5.68B
$121M 0.6%
1,225,654
+43,293
+4% +$3.88M
GKOS icon
36
Glaukos
GKOS
$8.92B
$116M 0.58%
1,231,415
-413,666
-25% -$37M
APPF icon
37
AppFolio
APPF
$5.98B
$114M 0.56%
460,140
-68,249
-13% -$14.7M
SPSC icon
38
SPS Commerce
SPSC
$2.41B
$106M 0.53%
575,405
-48,853
-8% -$9.02M
WAB icon
39
Wabtec
WAB
$50.8B
$105M 0.52%
718,970
-72,996
-9% -$9.89M
FANG icon
40
Diamondback Energy
FANG
$55.1B
$103M 0.51%
522,222
-121,599
-19% -$20.6M
RBC icon
41
RBC Bearings
RBC
$18.5B
$103M 0.51%
380,103
-13,348
-3% -$3.6M
SYK icon
42
Stryker
SYK
$129B
$102M 0.51%
+285,178
New +$95.9M
TSLA icon
43
Tesla
TSLA
$1.22T
$98M 0.49%
557,535
-204,424
-27% -$39.9M
PCVX icon
44
Vaxcyte
PCVX
$8.01B
$95.4M 0.47%
1,396,711
-273,478
-16% -$18.9M
SITE icon
45
SiteOne Landscape Supply
SITE
$4.49B
$95.2M 0.47%
545,117
-3,780
-0.7% -$624K
STEP icon
46
StepStone Group
STEP
$3.65B
$93.9M 0.47%
2,626,698
+222,104
+9% +$7.52M
ACHC icon
47
Acadia Healthcare
ACHC
$2.99B
$92.9M 0.46%
1,172,479
-203,642
-15% -$16.7M
PRO
48
DELISTED
PROS Holdings
PRO
$92.5M 0.46%
2,545,134
-267,785
-10% -$9.47M
DHR icon
49
Danaher
DHR
$138B
$92M 0.46%
368,528
+93,154
+34% +$22.7M
MBLY icon
50
Mobileye
MBLY
$2.02B
$91.2M 0.45%
2,838,080
+2,272,418
+402% +$64.5M
1
2
3 4 5

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.