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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
+10.33%
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
$20.6B
AUM Growth
+$404M
Cap. Flow
-$918M
Cap. Flow %
-4.46%
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61

Top Buys

Rank Stock Value
1
APP icon
Applovin
APP
+$271M
2
CEG icon
Constellation Energy
CEG
+$108M
3
HUBS icon
HubSpot
HUBS
+$83.9M
4
AAPL icon
Apple
AAPL
+$83.5M
5
EQIX icon
Equinix
EQIX
+$56.3M

Top Sells

Rank Stock Value
1
NTRA icon
Natera
NTRA
+$130M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$107M
3
AMD icon
Advanced Micro Devices
AMD
+$94.7M
4
MBLY icon
Mobileye
MBLY
+$80.9M
5
ACHC icon
Acadia Healthcare
ACHC
+$80.2M

Sector Composition

Rank Sector Weight
1 Technology 41.24%
2 Healthcare 15.44%
3 Communication Services 13.11%
4 Consumer Discretionary 10.67%
5 Industrials 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GKOS icon
26
Glaukos
GKOS
$9.02B
$151M 0.74%
1,278,723
+47,308
+4% +$5.02M
CDNS icon
27
Cadence Design Systems
CDNS
$90B
$150M 0.73%
486,211
+89,943
+23% +$26.6M
VERX icon
28
Vertex
VERX
$1.92B
$147M 0.72%
4,087,510
-475,947
-10% -$15.3M
AMD icon
29
Advanced Micro Devices
AMD
$851B
$144M 0.7%
888,027
-588,478
-40% -$94.7M
MCK icon
30
McKesson
MCK
$98.5B
$141M 0.69%
242,262
+12,114
+5% +$6.74M
WING icon
31
Wingstop
WING
$3.68B
$135M 0.66%
319,545
-49,075
-13% -$18.9M
CEG icon
32
Constellation Energy
CEG
$98B
$132M 0.64%
660,696
+528,780
+401% +$108M
FWONK icon
33
Liberty Media Series C
FWONK
$24.3B
$126M 0.61%
1,760,737
-107,972
-6% -$7.62M
NOW icon
34
ServiceNow
NOW
$102B
$124M 0.6%
787,730
+210,455
+36% +$30.9M
DKNG icon
35
DraftKings
DKNG
$11.4B
$121M 0.59%
3,167,849
+239,035
+8% +$9.92M
FSV icon
36
FirstService
FSV
$6.32B
$115M 0.56%
754,762
-224,112
-23% -$33.9M
CWST icon
37
Casella Waste Systems
CWST
$5.69B
$111M 0.54%
1,120,713
-104,941
-9% -$10.1M
MLM icon
38
Martin Marietta Materials
MLM
$33.6B
$111M 0.54%
203,980
-128,463
-39% -$74.7M
SPOT icon
39
Spotify
SPOT
$99.2B
$110M 0.54%
350,877
+18,502
+6% +$5.57M
HEI icon
40
HEICO Corp
HEI
$48.9B
$110M 0.53%
490,161
+14,665
+3% +$3.1M
EQIX icon
41
Equinix
EQIX
$107B
$109M 0.53%
144,103
+74,124
+106% +$56.3M
STEP icon
42
StepStone Group
STEP
$3.48B
$108M 0.52%
2,344,898
-281,800
-11% -$11.1M
AMGN icon
43
Amgen
AMGN
$203B
$102M 0.49%
325,752
+183,151
+128% +$53.8M
DHR icon
44
Danaher
DHR
$135B
$99.9M 0.49%
399,885
+31,357
+9% +$7.92M
PCVX icon
45
Vaxcyte
PCVX
$7.89B
$99M 0.48%
1,310,436
-86,275
-6% -$5.87M
AGYS icon
46
Agilysys
AGYS
$2.78B
$97.7M 0.47%
938,058
+17,898
+2% +$1.61M
HUBS icon
47
HubSpot
HUBS
$10.5B
$96.3M 0.47%
163,291
+136,793
+516% +$83.9M
SPSC icon
48
SPS Commerce
SPSC
$2.25B
$91M 0.44%
483,399
-92,006
-16% -$16.8M
APPF icon
49
AppFolio
APPF
$5.85B
$87.8M 0.43%
358,883
-101,257
-22% -$23.6M
TNDM icon
50
Tandem Diabetes Care
TNDM
$1.17B
$87.6M 0.43%
2,174,107
+677,036
+45% +$28.2M
1
2
3 4 5

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Fred Alger Management's Q2 2024 Portfolio in Review

As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.

  • Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
  • Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
  • Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
  • Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
  • Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
  • Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.