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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Marriott International
MAR
$98.3B
| $37K | ﹤0.01% |
266
| – | – |
|
477
KBR
KBR
$4.62B
| $36K | ﹤0.01% |
+840
| New | +$41.3K |
|
478
Public Storage
PSA
$60.5B
| $36K | ﹤0.01% |
124
-184
| -60% | -$59.9K |
|
479
Donaldson
DCI
$10.9B
| $35K | ﹤0.01% |
+717
| New | +$37.4K |
|
|
CLR
480
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $35K | ﹤0.01% |
+528
| New | +$35.6K |
|
481
Lincoln Electric
LECO
$14.2B
| $34K | ﹤0.01% |
+274
| New | +$37K |
|
482
WEX
WEX
$6.37B
| $34K | ﹤0.01% |
+266
| New | +$41.8K |
|
483
Descartes Systems
DSGX
$6.44B
| $30K | ﹤0.01% |
+480
| New | +$32.6K |
|
484
Corpay
CPAY
$25B
| $30K | ﹤0.01% |
170
+86
| +102% | +$18.4K |
|
485
MKS Inc
MKSI
$20.1B
| $27K | ﹤0.01% |
321
| – | – |
|
486
NOV
NOV
$6.93B
| $26K | ﹤0.01% |
1,588
| – | – |
|
487
Advanced Drainage Systems
WMS
$10.6B
| $26K | ﹤0.01% |
213
| – | – |
|
488
Duolingo
DUOL
$6.28B
| $24K | ﹤0.01% |
250
| – | – |
|
489
Neurocrine Biosciences
NBIX
$16.8B
| $24K | ﹤0.01% |
224
| – | – |
|
490
PTC
PTC
$15.8B
| $22K | ﹤0.01% |
+206
| New | +$23.5K |
|
491
TransUnion
TRU
$15.1B
| $21K | ﹤0.01% |
349
| – | – |
|
492
Ares Management
ARES
$28.9B
| $20K | ﹤0.01% |
315
-225
| -42% | -$15.7K |
|
493
JB Hunt Transport Services
JBHT
$25.5B
| $20K | ﹤0.01% |
126
-226
| -64% | -$39.5K |
|
494
Everest Group
EG
$14.5B
| $19K | ﹤0.01% |
73
| – | – |
|
495
Globus Medical
GMED
$10.7B
| $19K | ﹤0.01% |
314
| – | – |
|
496
Republic Services
RSG
$64.8B
| $19K | ﹤0.01% |
+138
| New | +$19.3K |
|
497
Tractor Supply
TSCO
$16.1B
| $19K | ﹤0.01% |
505
-1,045
| -67% | -$40.7K |
|
498
Arrow Electronics
ARW
$11.1B
| $18K | ﹤0.01% |
+198
| New | +$21.6K |
|
499
Extra Space Storage
EXR
$31.3B
| $18K | ﹤0.01% |
107
-336
| -76% | -$63.5K |
|
500
Incyte
INCY
$24.2B
| $18K | ﹤0.01% |
276
| – | – |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.