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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
+6.82%
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
$18.4B
AUM Growth
-$1.29B
(-6.5%)
Cap. Flow
-$1.51B
Cap. Flow
% of AUM
-8.21%
Top 10 Holdings %
Top 10 Hldgs %
26.32%
Holding
585
New
66
Increased
220
Reduced
190
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$127M |
| 2 |
NVIDIA
NVDA
|
+$124M |
| 3 |
Marvell Technology
MRVL
|
+$93.5M |
| 4 |
COUP
Coupa Software Incorporated
COUP
|
+$75.4M |
| 5 |
PayPal
PYPL
|
+$70.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$171M |
| 2 |
Tesla
TSLA
|
+$149M |
| 3 |
Apple
AAPL
|
+$137M |
| 4 |
Amazon
AMZN
|
+$134M |
| 5 |
Alibaba
BABA
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.81% |
| 2 | Healthcare | 25.72% |
| 3 | Industrials | 11.09% |
| 4 | Consumer Discretionary | 11.02% |
| 5 | Communication Services | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Lamb Weston
LW
$7.42B
| $21.1K | ﹤0.01% |
+236
| New | +$20.1K |
|
502
Arrow Electronics
ARW
$10.5B
| $20.7K | ﹤0.01% |
198
| – | – |
|
503
Linde
LIN
$236B
| $20.5K | ﹤0.01% |
63
| – | – |
|
504
Aon
AON
$80.6B
| $20.1K | ﹤0.01% |
67
-224
| -77% | -$65.5K |
|
505
TransUnion
TRU
$16B
| $19.8K | ﹤0.01% |
349
| – | – |
|
506
Graphic Packaging
GPK
$3.35B
| $19.8K | ﹤0.01% |
+888
| New | +$19.5K |
|
507
Graco
GGG
$13.2B
| $19.7K | ﹤0.01% |
+293
| New | +$19.5K |
|
508
Arista Networks
ANET
$199B
| $19.4K | ﹤0.01% |
+640
| New | +$19.7K |
|
509
Molina Healthcare
MOH
$10.4B
| $18.5K | ﹤0.01% |
56
-156
| -74% | -$53K |
|
510
Vistra
VST
$48.2B
| $18.4K | ﹤0.01% |
792
| – | – |
|
511
Duolingo
DUOL
$6.53B
| $17.8K | ﹤0.01% |
250
| – | – |
|
|
WWE
512
DELISTED
World Wrestling Entertainment
WWE
| $17.7K | ﹤0.01% |
+258
| New | +$19.5K |
|
513
Brown & Brown
BRO
$25.1B
| $17.7K | ﹤0.01% |
310
-1,032
| -77% | -$60.3K |
|
514
Driven Brands
DRVN
$2.47B
| $17.4K | ﹤0.01% |
+638
| New | +$19.1K |
|
515
Corpay
CPAY
$25.7B
| $15.6K | ﹤0.01% |
85
-85
| -50% | -$15.6K |
|
|
AIRC
516
DELISTED
Apartment Income REIT Corp.
AIRC
| $14.9K | ﹤0.01% |
435
| – | – |
|
|
AKRO
517
DELISTED
Akero Therapeutics
AKRO
| – | – |
-11,981
| Closed | -$408K |
|
518
Ares Management
ARES
$28.1B
| – | – |
-315
| Closed | -$20K |
|
519
Arcutis Biotherapeutics
ARQT
$3.48B
| – | – |
-26,324
| Closed | -$503K |
|
520
Avantor
AVTR
$9.73B
| – | – |
-640,530
| Closed | -$12.6M |
|
521
Azenta
AZTA
$1.3B
| – | – |
-111,175
| Closed | -$4.76M |
|
522
Biomea Fusion
BMEA
$88.2M
| – | – |
-26,204
| Closed | -$256K |
|
523
Crown Holdings
CCK
$13B
| – | – |
-184
| Closed | -$15K |
|
524
Choice Hotels
CHH
$5.26B
| – | – |
-487
| Closed | -$53K |
|
525
Cogent Biosciences
COGT
$6.76B
| – | – |
-31,409
| Closed | -$469K |
|
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Fred Alger Management's Q4 2022 Portfolio in Review
As of Q4 2022, Fred Alger Management held 585 positions worth $18.4B, down 6.5% from $19.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fred Alger Management withdrew a net $1.51B in Q4 2022, closing 69 positions and reducing 190 holdings. Its most notable exit was Monolithic Power Systems, an estimated $65.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Fred Alger Management opened a new position in Snowflake worth $119M.
- Fred Alger Management's largest Q4 2022 buy was Snowflake: 832,045 shares worth $119M.
- Fred Alger Management added most to NVIDIA in Q4 2022, an estimated $124M increase.
- Fred Alger Management's biggest Q4 2022 reduction was MGM Resorts International, cutting an estimated $171M.
- Fred Alger Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $65.9M.
- Fred Alger Management's ten largest holdings make up 26% of its $18.4B portfolio in Q4 2022.
- Fred Alger Management opened 66 new positions and closed 69 in Q4 2022.
- Fred Alger Management's portfolio value fell 6.5% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2022, filed 14 Feb 2023.