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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Howmet Aerospace
HWM
$111B
| $29.7K | ﹤0.01% |
+600
| New | +$26.7K |
|
477
HCA Healthcare
HCA
$85.7B
| $29.1K | ﹤0.01% |
96
-6,491
| -99% | -$1.8M |
|
|
SKX
478
DELISTED
Skechers
SKX
| $29.1K | ﹤0.01% |
552
| – | – |
|
479
Donaldson
DCI
$10.7B
| $26.7K | ﹤0.01% |
427
-454
| -52% | -$28.4K |
|
480
Teradyne
TER
$57.2B
| $26.3K | ﹤0.01% |
+236
| New | +$23.7K |
|
481
Vulcan Materials
VMC
$35.2B
| $25.5K | ﹤0.01% |
113
| – | – |
|
482
Workday
WDAY
$39B
| $25.1K | ﹤0.01% |
111
-313,515
| -100% | -$62.8M |
|
483
Equifax
EFX
$20.7B
| $24.5K | ﹤0.01% |
+104
| New | +$21.9K |
|
484
Fortinet
FTNT
$113B
| $24K | ﹤0.01% |
+317
| New | +$21.6K |
|
485
Allegro MicroSystems
ALGM
$7.72B
| $23.9K | ﹤0.01% |
+529
| New | +$21.4K |
|
486
DaVita
DVA
$15.3B
| $23.2K | ﹤0.01% |
+231
| New | +$21.4K |
|
487
Moderna
MRNA
$23B
| $23.1K | ﹤0.01% |
190
| – | – |
|
488
GlobalFoundries
GFS
$27.4B
| $22.7K | ﹤0.01% |
+352
| New | +$21.3K |
|
489
Cognex
CGNX
$10.4B
| $22.1K | ﹤0.01% |
394
+384
| +3,840% | +$19.9K |
|
490
Republic Services
RSG
$65B
| $21.9K | ﹤0.01% |
143
-20
| -12% | -$2.86K |
|
491
Yum! Brands
YUM
$43.3B
| $21.6K | ﹤0.01% |
156
-345
| -69% | -$46.8K |
|
492
Iron Mountain
IRM
$37.1B
| $21.4K | ﹤0.01% |
+376
| New | +$20.6K |
|
493
Valvoline
VVV
$4.9B
| $21.1K | ﹤0.01% |
+563
| New | +$20.4K |
|
494
Churchill Downs
CHDN
$5.76B
| $20.9K | ﹤0.01% |
150
| – | – |
|
495
Shift4
FOUR
$4.26B
| $20.8K | ﹤0.01% |
+307
| New | +$20.1K |
|
496
Vistra
VST
$50.1B
| $20.8K | ﹤0.01% |
792
| – | – |
|
497
Hershey
HSY
$35.9B
| $20.7K | ﹤0.01% |
+83
| New | +$21.8K |
|
498
Performance Food Group
PFGC
$18B
| $20K | ﹤0.01% |
+332
| New | +$19.5K |
|
499
Wendy's
WEN
$1.4B
| $19.5K | ﹤0.01% |
895
-971
| -52% | -$21.6K |
|
500
Genuine Parts
GPC
$17.2B
| $19.3K | ﹤0.01% |
114
-385
| -77% | -$63K |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.