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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Las Vegas Sands
LVS
$31.7B
| – | – |
-226,156
| Closed | -$10.4M |
|
477
Lamb Weston
LW
$7.22B
| – | – |
-459
| Closed | -$42.4K |
|
478
Lyft
LYFT
$6.02B
| – | – |
-5,681
| Closed | -$59.9K |
|
479
MP Materials
MP
$7.36B
| – | – |
-54,382
| Closed | -$1.04M |
|
480
Match Group
MTCH
$9.19B
| – | – |
-79,347
| Closed | -$3.11M |
|
481
MasTec
MTZ
$21.1B
| – | – |
-3,121
| Closed | -$225K |
|
|
LUXE
482
LuxExperience B.V.
LUXE
$1.12B
| – | – |
-838,175
| Closed | -$2.85M |
|
483
Grupo Aeroportuario Centro Norte
OMAB
$5.16B
| – | – |
-22
| Closed | -$1.91K |
|
484
Occidental Petroleum
OXY
$56.8B
| – | – |
-47,448
| Closed | -$3.08M |
|
485
Progressive
PGR
$123B
| – | – |
-131,871
| Closed | -$18.4M |
|
486
Rockwell Automation
ROK
$53.4B
| – | – |
-1,603
| Closed | -$458K |
|
487
RTX Corp
RTX
$290B
| – | – |
-23,839
| Closed | -$1.72M |
|
488
Revolution Medicines
RVMD
$39.9B
| – | – |
-4,542
| Closed | -$126K |
|
489
SolarEdge
SEDG
$2.51B
| – | – |
-54,544
| Closed | -$7.06M |
|
|
SKX
490
DELISTED
Skechers
SKX
| – | – |
-552
| Closed | -$27K |
|
|
SLRN
491
DELISTED
ACELYRIN
SLRN
| – | – |
-53,206
| Closed | -$541K |
|
492
Sanofi
SNY
$103B
| – | – |
-12
| Closed | -$644 |
|
493
Constellation Brands
STZ
$22.2B
| – | – |
-7,616
| Closed | -$1.91M |
|
494
Stryker
SYK
$125B
| – | – |
-9,394
| Closed | -$2.57M |
|
495
TKO Group
TKO
$13.6B
| – | – |
-221
| Closed | -$18.6K |
|
496
Tango Therapeutics
TNGX
$4.43B
| – | – |
-47,337
| Closed | -$533K |
|
497
Targa Resources
TRGP
$58B
| – | – |
-682
| Closed | -$58.5K |
|
498
Vicor
VICR
$9.56B
| – | – |
-439,175
| Closed | -$25.9M |
|
|
INST
499
DELISTED
Instructure Holdings, Inc.
INST
| – | – |
-1,065
| Closed | -$27.1K |
|
|
SPLK
500
DELISTED
Splunk Inc
SPLK
| – | – |
-38,310
| Closed | -$5.6M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.