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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
+1.6%
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
$18.9B
AUM Growth
-$804M
(-4.1%)
Cap. Flow
-$821M
Cap. Flow
% of AUM
-4.34%
Top 10 Holdings %
Top 10 Hldgs %
35.79%
Holding
598
New
47
Increased
155
Reduced
267
Closed
77
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$149M |
| 2 |
AGN
Allergan plc
AGN
|
+$142M |
| 3 |
Alibaba
BABA
|
+$110M |
| 4 |
Newell Brands
NWL
|
+$108M |
| 5 |
Medtronic
MDT
|
+$108M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$258M |
| 2 |
McDonald's
MCD
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$134M |
| 4 |
Apple
AAPL
|
+$134M |
| 5 |
Kroger
KR
|
+$121M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.07% |
| 2 | Technology | 17.82% |
| 3 | Communication Services | 17.13% |
| 4 | Consumer Discretionary | 12.59% |
| 5 | Industrials | 10.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Arista Networks
ANET
$219B
| – | – |
-7,857,408
| Closed | -$31M |
|
527
Anika Therapeutics
ANIK
$199M
| – | – |
-138,851
| Closed | -$6.21M |
|
528
A.O. Smith
AOS
$8.38B
| – | – |
-90,146
| Closed | -$3.44M |
|
529
ProShares UltraShort NASDAQ Biotechnology
BIS
$2.3M
| – | – |
-4,108
| Closed | -$1.43M |
|
530
Bruker
BRKR
$9.2B
| – | – |
-26,450
| Closed | -$741K |
|
531
AB InBev
BUD
$158B
| – | – |
-87,261
| Closed | -$10.9M |
|
532
Caterpillar
CAT
$409B
| – | – |
-47
| Closed | -$4K |
|
533
Carlyle Group
CG
$16.3B
| – | – |
-117,870
| Closed | -$1.99M |
|
534
Ecolab
ECL
$75.6B
| – | – |
-735
| Closed | -$82K |
|
535
Equity Lifestyle Properties
ELS
$12.8B
| – | – |
-40,732
| Closed | -$1.48M |
|
536
Evercore
EVR
$13.1B
| – | – |
-59,324
| Closed | -$3.07M |
|
|
KYNB
537
Kyntra Bio
KYNB
$28.5M
| – | – |
-1,000
| Closed | -$532K |
|
|
FL
538
DELISTED
Foot Locker
FL
| – | – |
-36,110
| Closed | -$2.33M |
|
539
Fidelity National Financial
FNF
$13.9B
| – | – |
-138
| Closed | -$3K |
|
540
Forward Air
FWRD
$482M
| – | – |
-182,452
| Closed | -$8.27M |
|
541
Gen Digital
GEN
$15.6B
| – | – |
-5,000
| Closed | -$92K |
|
542
Graco
GGG
$12.9B
| – | – |
-59,370
| Closed | -$1.66M |
|
543
Global Payments
GPN
$22.1B
| – | – |
-30,041
| Closed | -$1.96M |
|
544
Hewlett Packard
HPE
$63.2B
| – | – |
-442
| Closed | -$5K |
|
545
Intuit
INTU
$81.1B
| – | – |
-13,042
| Closed | -$1.36M |
|
546
IQVIA
IQV
$34.7B
| – | – |
-92,963
| Closed | -$6.05M |
|
|
JNPR
547
DELISTED
Juniper Networks
JNPR
| – | – |
-109,540
| Closed | -$2.79M |
|
548
Lazard
LAZ
$4.37B
| – | – |
-105
| Closed | -$4K |
|
549
Lennox International
LII
$18.8B
| – | – |
-64,967
| Closed | -$8.78M |
|
550
Lumentum
LITE
$59.4B
| – | – |
-201,226
| Closed | -$5.43M |
|
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Fred Alger Management's Q2 2016 Portfolio in Review
As of Q2 2016, Fred Alger Management held 598 positions worth $18.9B, down 4.1% from $19.7B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Fred Alger Management withdrew a net $821M in Q2 2016, closing 77 positions and reducing 267 holdings. Its most notable exit was JARDEN CORPORATION, an estimated $258M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Fred Alger Management opened a new position in TJX Companies worth $43.2M.
- Fred Alger Management's largest Q2 2016 buy was TJX Companies: 1,117,850 shares worth $43.2M.
- Fred Alger Management added most to Amazon in Q2 2016, an estimated $149M increase.
- Fred Alger Management's biggest Q2 2016 reduction was McDonald's, cutting an estimated $149M.
- Fred Alger Management fully exited JARDEN CORPORATION in Q2 2016, selling an estimated $258M.
- Fred Alger Management's ten largest holdings make up 36% of its $18.9B portfolio in Q2 2016.
- Fred Alger Management opened 47 new positions and closed 77 in Q2 2016.
- Fred Alger Management's portfolio value fell 4.1% quarter-over-quarter to $18.9B.
Based on Fred Alger Management's 13F filing for Q2 2016, filed 15 Aug 2016.