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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Gartner
IT
$11.1B
| – | – |
-194
| Closed | -$68K |
|
502
JD.com
JD
$43.5B
| – | – |
-66,405
| Closed | -$2.27M |
|
503
Keysight
KEYS
$50.7B
| – | – |
-264
| Closed | -$44.2K |
|
504
LegalZoom.com
LZ
$1.45B
| – | – |
-270,117
| Closed | -$3.26M |
|
|
MASI
505
DELISTED
Masimo
MASI
| – | – |
-266
| Closed | -$43.8K |
|
506
Microchip Technology
MCHP
$38.8B
| – | – |
-185
| Closed | -$16.6K |
|
507
Magnite
MGNI
$2.83B
| – | – |
-272,714
| Closed | -$3.72M |
|
508
Merit Medical Systems
MMSI
$4.82B
| – | – |
-35,673
| Closed | -$2.98M |
|
509
Moderna
MRNA
$21.6B
| – | – |
-190
| Closed | -$23.1K |
|
510
Micron Technology
MU
$835B
| – | – |
-1,755
| Closed | -$111K |
|
511
Pacific Biosciences
PACB
$435M
| – | – |
-69,780
| Closed | -$928K |
|
512
Penumbra
PEN
$12.6B
| – | – |
-7,458
| Closed | -$2.57M |
|
513
Performance Food Group
PFGC
$18.3B
| – | – |
-332
| Closed | -$20K |
|
514
Palantir
PLTR
$295B
| – | – |
-23,000
| Closed | -$353K |
|
515
Pool Corp
POOL
$7.05B
| – | – |
-932
| Closed | -$349K |
|
516
Prothena Corp
PRTA
$448M
| – | – |
-22,064
| Closed | -$1.51M |
|
517
Personalis
PSNL
$1.25B
| – | – |
-584,779
| Closed | -$1.1M |
|
518
Protagonist Therapeutics
PTGX
$8.55B
| – | – |
-21,719
| Closed | -$600K |
|
519
ProPetro Holding
PUMP
$1.25B
| – | – |
-306,388
| Closed | -$2.52M |
|
520
Quanterix
QTRX
$159M
| – | – |
-13,935
| Closed | -$314K |
|
521
RB Global
RBA
$21.5B
| – | – |
-44,154
| Closed | -$2.65M |
|
522
Royal Gold
RGLD
$16.6B
| – | – |
-332
| Closed | -$38.1K |
|
|
RNAM
523
DELISTED
Avidity Biosciences
RNAM
| – | – |
-131,649
| Closed | -$1.46M |
|
524
RenaissanceRe
RNR
$13.8B
| – | – |
-222
| Closed | -$41.4K |
|
525
RPM International
RPM
$13.8B
| – | – |
-203
| Closed | -$18.2K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.