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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Webster Financial
WBS
$12.5B
| – | – |
-56,029
| Closed | -$2.84M |
|
477
Workday
WDAY
$39B
| – | – |
-111
| Closed | -$30.3K |
|
|
INVX
478
Innovex International
INVX
$1.85B
| – | – |
-394,701
| Closed | -$8.89M |
|
|
XYZ
479
Block Inc
XYZ
$49.2B
| – | – |
-255,686
| Closed | -$21.6M |
|
|
HCP
480
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| – | – |
-91,147
| Closed | -$2.46M |
|
|
GRTS
481
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
| – | – |
-57,751
| Closed | -$148K |
|
|
MORF
482
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| – | – |
-64,195
| Closed | -$2.26M |
|
|
FUSN
483
DELISTED
Fusion Pharmaceuticals Inc. Common Shares
FUSN
| – | – |
-167,415
| Closed | -$3.57M |
|
|
SWAV
484
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| – | – |
-207,005
| Closed | -$67.4M |
|
|
AGTI
485
DELISTED
Agiliti Inc
AGTI
| – | – |
-985,279
| Closed | -$9.97M |
|
|
PXD
486
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-9,633
| Closed | -$2.53M |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.