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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Duolingo
DUOL
$6.53B
| $22K | ﹤0.01% |
250
| – | – |
|
477
Neurocrine Biosciences
NBIX
$18.2B
| $22K | ﹤0.01% |
+224
| New | +$20.7K |
|
478
Incyte
INCY
$25.8B
| $21K | ﹤0.01% |
+276
| New | +$21K |
|
|
CDK
479
DELISTED
CDK Global, Inc.
CDK
| $21K | ﹤0.01% |
+384
| New | +$20.8K |
|
480
C.H. Robinson
CHRW
$20.5B
| $20K | ﹤0.01% |
+193
| New | +$20.1K |
|
481
Everest Group
EG
$15.6B
| $20K | ﹤0.01% |
+73
| New | +$20.6K |
|
482
IQVIA
IQV
$40.7B
| $20K | ﹤0.01% |
90
| – | – |
|
483
Jack Henry & Associates
JKHY
$11.4B
| $20K | ﹤0.01% |
+111
| New | +$20.8K |
|
484
Illinois Tool Works
ITW
$84.1B
| $19K | ﹤0.01% |
+102
| New | +$20.4K |
|
485
Markel Group
MKL
$25.2B
| $19K | ﹤0.01% |
+15
| New | +$20.6K |
|
486
Oracle
ORCL
$339B
| $19K | ﹤0.01% |
273
| – | – |
|
487
Steris
STE
$22.9B
| $19K | ﹤0.01% |
+91
| New | +$20.5K |
|
488
Advanced Drainage Systems
WMS
$10.6B
| $19K | ﹤0.01% |
+213
| New | +$21.9K |
|
489
Encompass Health
EHC
$11.3B
| $18K | ﹤0.01% |
+401
| New | +$20.6K |
|
490
Globus Medical
GMED
$11.1B
| $18K | ﹤0.01% |
+314
| New | +$20.6K |
|
491
Teleflex
TFX
$5.96B
| $18K | ﹤0.01% |
+72
| New | +$21K |
|
492
Corpay
CPAY
$25.7B
| $18K | ﹤0.01% |
+84
| New | +$20K |
|
493
Crown Holdings
CCK
$13B
| $17K | ﹤0.01% |
+184
| New | +$19.7K |
|
494
LyondellBasell Industries
LYB
$19.5B
| $16K | ﹤0.01% |
+183
| New | +$19.1K |
|
495
Morningstar
MORN
$7.55B
| $16K | ﹤0.01% |
65
| – | – |
|
496
Mettler-Toledo International
MTD
$28.1B
| $16K | ﹤0.01% |
14
-35
| -71% | -$44K |
|
497
Robert Half
RHI
$4.11B
| $16K | ﹤0.01% |
216
-703
| -76% | -$66.7K |
|
498
Westlake Corp
WLK
$9.26B
| $15K | ﹤0.01% |
+158
| New | +$19.4K |
|
|
DMTK
499
DELISTED
DermTech, Inc. Common Stock
DMTK
| $15K | ﹤0.01% |
2,694
+1,285
| +91% | +$10.5K |
|
500
Middleby
MIDD
$6.01B
| $13K | ﹤0.01% |
103
-24
| -19% | -$3.46K |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.