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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CEG icon
26
Constellation Energy
CEG
$97.1B
$153M 0.74%
586,584
-74,112
-11% -$14.7M
BSX icon
27
Boston Scientific
BSX
$68.7B
$150M 0.73%
1,788,992
-245,570
-12% -$19.4M
ALAB icon
28
Astera Labs
ALAB
$47.3B
$148M 0.72%
2,821,921
+2,628,765
+1,361% +$123M
DHR icon
29
Danaher
DHR
$137B
$147M 0.71%
530,320
+130,435
+33% +$34.5M
PCVX icon
30
Vaxcyte
PCVX
$8.04B
$142M 0.69%
1,243,717
-66,719
-5% -$6.01M
GKOS icon
31
Glaukos
GKOS
$8.82B
$140M 0.68%
1,076,974
-201,749
-16% -$25.1M
ADBE icon
32
Adobe
ADBE
$95.6B
$140M 0.68%
270,675
-138,006
-34% -$75.7M
FSV icon
33
FirstService
FSV
$6.46B
$137M 0.66%
749,888
-4,874
-0.6% -$838K
FWONK icon
34
Liberty Media Series C
FWONK
$24.7B
$129M 0.63%
1,669,619
-91,118
-5% -$7.02M
UNH icon
35
UnitedHealth
UNH
$380B
$117M 0.57%
199,460
+95,503
+92% +$54M
STEP icon
36
StepStone Group
STEP
$3.62B
$115M 0.56%
2,025,223
-319,675
-14% -$16.3M
AMD icon
37
Advanced Micro Devices
AMD
$788B
$109M 0.53%
664,523
-223,504
-25% -$34M
WING icon
38
Wingstop
WING
$3.73B
$107M 0.52%
256,808
-62,737
-20% -$24.4M
CWST icon
39
Casella Waste Systems
CWST
$5.69B
$106M 0.52%
1,068,552
-52,161
-5% -$5.4M
HLNE icon
40
Hamilton Lane
HLNE
$3.76B
$104M 0.51%
618,957
-68,564
-10% -$9.93M
VERX icon
41
Vertex
VERX
$2.11B
$98M 0.47%
2,543,838
-1,543,672
-38% -$56.9M
HEI icon
42
HEICO Corp
HEI
$49.6B
$95.2M 0.46%
364,050
-126,111
-26% -$30.5M
AMGN icon
43
Amgen
AMGN
$204B
$90.5M 0.44%
280,881
-44,871
-14% -$14.7M
GWRE icon
44
Guidewire Software
GWRE
$12.7B
$89.8M 0.44%
490,758
-33,780
-6% -$5.13M
SPSC icon
45
SPS Commerce
SPSC
$2.42B
$88.5M 0.43%
455,903
-27,496
-6% -$5.4M
AGYS icon
46
Agilysys
AGYS
$2.97B
$87.3M 0.42%
801,304
-136,754
-15% -$14.6M
CDNS icon
47
Cadence Design Systems
CDNS
$92.8B
$86.2M 0.42%
318,229
-167,982
-35% -$46.4M
TNDM icon
48
Tandem Diabetes Care
TNDM
$1.13B
$83.9M 0.41%
1,979,119
-194,988
-9% -$8.27M
ETN icon
49
Eaton
ETN
$152B
$82.3M 0.4%
248,275
+90,384
+57% +$27.6M
CCJ icon
50
Cameco
CCJ
$38.4B
$80.2M 0.39%
1,680,259
+839,077
+100% +$36.6M
1
2
3 4 5

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.