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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MASI
476
DELISTED
Masimo
MASI
– –
-12,439
Closed -$1.46M
MGM icon
477
MGM Resorts International
MGM
$11.4B
– –
-155,958
Closed -$6.97M
MKTX icon
478
MarketAxess Holdings
MKTX
$5.71B
– –
-32,956
Closed -$9.65M
MRCY icon
479
Mercury Systems
MRCY
$5.83B
– –
-139,084
Closed -$5.09M
NBIX icon
480
Neurocrine Biosciences
NBIX
$16.8B
– –
-7,339
Closed -$967K
NEM icon
481
Newmont
NEM
$98.7B
– –
-30,096
Closed -$1.25M
OLMA icon
482
Olema Pharmaceuticals
OLMA
$1B
– –
-39,584
Closed -$555K
PACB icon
483
Pacific Biosciences
PACB
$435M
– –
-62,105
Closed -$609K
PENN icon
484
PENN Entertainment
PENN
$2.75B
– –
-51,100
Closed -$1.33M
PLUG icon
485
Plug Power
PLUG
$2.87B
– –
-10
Closed -$45
PRVA icon
486
Privia Health
PRVA
$2.98B
– –
-88,877
Closed -$2.05M
QDEL icon
487
QuidelOrtho
QDEL
$1.14B
– –
-55,943
Closed -$4.12M
RAPT
488
DELISTED
RAPT Therapeutics
RAPT
– –
-28,475
Closed -$5.66M
RIVN icon
489
Rivian
RIVN
$22B
– –
-64,713
Closed -$1.52M
RYTM icon
490
Rhythm Pharmaceuticals
RYTM
$6.81B
– –
-11,795
Closed -$542K
SDGR icon
491
Schrodinger
SDGR
$1.13B
– –
-632,848
Closed -$22.7M
SNAP icon
492
Snap
SNAP
$7.89B
– –
-846,033
Closed -$14.3M
TFX icon
493
Teleflex
TFX
$6.05B
– –
-7,804
Closed -$1.95M
TT icon
494
Trane Technologies
TT
$100B
– –
-418
Closed -$102K
VMC icon
495
Vulcan Materials
VMC
$34.8B
– –
-113
Closed -$25.7K
VTYX
496
DELISTED
Ventyx Biosciences
VTYX
– –
-216
Closed -$534
YARW
497
Yarrow Bioscience, Inc. Common Stock
YARW
$23.4M
– –
-1,201
Closed -$140K
XP icon
498
XP
XP
$8.81B
– –
-90
Closed -$2.35K
XPOF icon
499
Xponential Fitness
XPOF
$273M
– –
-38,351
Closed -$494K
SUM
500
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-83,252
Closed -$3.2M
17 18 19
20
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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.