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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Arch Capital
ACGL
$34.5B
| $32.9K | ﹤0.01% |
485
-397
| -45% | -$26.1K |
|
477
W.W. Grainger
GWW
$64.7B
| $31K | ﹤0.01% |
45
-1,074
| -96% | -$685K |
|
478
Moderna
MRNA
$21.9B
| $29.2K | ﹤0.01% |
190
-204,363
| -100% | -$33.7M |
|
479
Enphase Energy
ENPH
$5.2B
| $28.6K | ﹤0.01% |
136
-34,861
| -100% | -$7.55M |
|
|
WCC
480
WESCO International
WCC
$17.6B
| $28.4K | ﹤0.01% |
184
-501
| -73% | -$75.1K |
|
|
SKX
481
DELISTED
Skechers
SKX
| $26.2K | ﹤0.01% |
+552
| New | +$25K |
|
482
Sherwin-Williams
SHW
$86B
| $24.1K | ﹤0.01% |
107
-158,958
| -100% | -$36.4M |
|
483
Genpact
G
$5.96B
| $23.3K | ﹤0.01% |
505
-373
| -42% | -$17.4K |
|
484
C.H. Robinson
CHRW
$17.3B
| $22.9K | ﹤0.01% |
230
-562
| -71% | -$55.3K |
|
485
Nexstar Media Group
NXST
$5.88B
| $22.8K | ﹤0.01% |
132
| – | – |
|
486
Graphic Packaging
GPK
$3.36B
| $22.6K | ﹤0.01% |
888
| – | – |
|
487
Republic Services
RSG
$64.5B
| $22K | ﹤0.01% |
163
-138
| -46% | -$17.6K |
|
488
TransUnion
TRU
$15.3B
| $21.7K | ﹤0.01% |
349
| – | – |
|
489
Graco
GGG
$13B
| $21.4K | ﹤0.01% |
293
| – | – |
|
490
Brown-Forman Class B
BF.B
$12.8B
| $21.3K | ﹤0.01% |
332
-842
| -72% | -$54.7K |
|
491
Raymond James Financial
RJF
$34.1B
| $20.8K | ﹤0.01% |
223
| – | – |
|
492
Texas Pacific Land
TPL
$28B
| $20.4K | ﹤0.01% |
108
-207
| -66% | -$43.1K |
|
493
Nordson
NDSN
$16.9B
| $20K | ﹤0.01% |
90
| – | – |
|
494
Factset
FDS
$9.59B
| $19.9K | ﹤0.01% |
48
-59
| -55% | -$24.6K |
|
495
Vulcan Materials
VMC
$36.7B
| $19.4K | ﹤0.01% |
+113
| New | +$20.1K |
|
496
Driven Brands
DRVN
$2.4B
| $19.3K | ﹤0.01% |
638
| – | – |
|
497
Churchill Downs
CHDN
$5.82B
| $19.3K | ﹤0.01% |
+150
| New | +$18.1K |
|
498
Vistra
VST
$52.6B
| $19K | ﹤0.01% |
792
| – | – |
|
499
Landstar System
LSTR
$6B
| $18.3K | ﹤0.01% |
+102
| New | +$17.9K |
|
500
Ionis Pharmaceuticals
IONS
$9.06B
| $17.8K | ﹤0.01% |
499
-189,854
| -100% | -$7.13M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.