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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
Cap. Flow
-$1.33B
Cap. Flow %
-7.2%
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60

Top Buys

Rank Stock Value
1
AMGN icon
Amgen
AMGN
+$91.1M
2
AMD icon
Advanced Micro Devices
AMD
+$86.6M
3
AVGO icon
Broadcom
AVGO
+$78.2M
4
VRT icon
Vertiv
VRT
+$76.7M
5
BURL icon
Burlington
BURL
+$42.8M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$142M
2
TCOM icon
Trip.com Group
TCOM
+$101M
3
TSLA icon
Tesla
TSLA
+$87.5M
4
PXD
Pioneer Natural Resource Co.
PXD
+$83.1M
5
TTD icon
Trade Desk
TTD
+$80.2M

Sector Composition

Rank Sector Weight
1 Technology 37.38%
2 Healthcare 19.58%
3 Consumer Discretionary 11.08%
4 Industrials 10.46%
5 Communication Services 10.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRCL
501
DELISTED
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
– –
-61,578
Closed -$177K
ABCM
502
DELISTED
Abcam PLC
ABCM
– –
-182,111
Closed -$4.12M
NATI
503
DELISTED
National Instruments Corp
NATI
– –
-542
Closed -$32.3K
17 18 19 20
21

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Fred Alger Management's Q4 2023 Portfolio in Review

As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% 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 Micron Technology worth $35.6M.

  • Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
  • Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
  • Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
  • Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
  • Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
  • Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
  • Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.

Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.