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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
+8.28%
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
+$60.4M
(+0.29%)
Cap. Flow
-$1.01B
Cap. Flow
% of AUM
-4.91%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GFL Environmental
GFL
|
+$160M |
| 2 |
Broadcom
AVGO
|
+$128M |
| 3 |
Astera Labs
ALAB
|
+$123M |
| 4 |
Tesla
TSLA
|
+$108M |
| 5 |
Vertiv
VRT
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$150M |
| 2 |
Natera
NTRA
|
+$144M |
| 3 |
McKesson
MCK
|
+$134M |
| 4 |
Mercado Libre
MELI
|
+$97.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.3% |
| 2 | Healthcare | 14.56% |
| 3 | Communication Services | 13.24% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 11.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Saia
SAIA
$9.27B
| – | – |
-1,162
| Closed | -$551K |
|
477
Seacoast Banking Corp of Florida
SBCF
$3.36B
| – | – |
-5,057
| Closed | -$120K |
|
478
Synopsys
SNPS
$74.4B
| – | – |
-2,246
| Closed | -$1.34M |
|
479
Toast
TOST
$18.7B
| – | – |
-4,314
| Closed | -$111K |
|
480
Universal Health Services
UHS
$10.2B
| – | – |
-8,383
| Closed | -$1.55M |
|
481
Watsco Inc
WSO
$12.7B
| – | – |
-116
| Closed | -$53.7K |
|
482
GE Vernova
GEV
$264B
| – | – |
-2,676
| Closed | -$459K |
|
|
OKLO
483
Oklo
OKLO
$6.76B
| – | – |
-152,591
| Closed | -$1.29M |
|
|
XIFR
484
XPLR Infrastructure LP
XIFR
$1.12B
| – | – |
-197,240
| Closed | -$5.45M |
|
|
ITCI
485
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| – | – |
-16,564
| Closed | -$1.13M |
|
|
PETQ
486
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| – | – |
-110,339
| Closed | -$2.43M |
|
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Fred Alger Management's Q3 2024 Portfolio in Review
As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.
- Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
- Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
- Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
- Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
- Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
- Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.