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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
iRhythm Holdings
IRTC
$3.85B
| – | – |
-32,252
| Closed | -$5.08M |
|
527
CarMax
KMX
$8.26B
| – | – |
-176
| Closed | -$17K |
|
|
KZR
528
DELISTED
Kezar Life Sciences
KZR
| – | – |
-17,070
| Closed | -$2.84M |
|
529
Moody's
MCO
$83.8B
| – | – |
-199
| Closed | -$67K |
|
530
Marvell Technology
MRVL
$157B
| – | – |
-9,692
| Closed | -$695K |
|
531
Micron Technology
MU
$924B
| – | – |
-1,628,495
| Closed | -$127M |
|
532
nCino
NCNO
$2.06B
| – | – |
-5,901
| Closed | -$242K |
|
533
Cloudflare
NET
$93.9B
| – | – |
-120,121
| Closed | -$14.4M |
|
534
NetApp
NTAP
$33.6B
| – | – |
-297
| Closed | -$25K |
|
535
On Holding
ONON
$12.7B
| – | – |
-1,341,581
| Closed | -$33.9M |
|
536
Occidental Petroleum
OXY
$53.9B
| – | – |
-264,934
| Closed | -$15M |
|
537
Ranpak Holdings
PACK
$552M
| – | – |
-1,296,989
| Closed | -$26.5M |
|
538
Vaxcyte
PCVX
$7.97B
| – | – |
-9,677
| Closed | -$234K |
|
539
PDS Biotechnology
PDSB
$38.3M
| – | – |
-119,082
| Closed | -$737K |
|
540
PMV Pharmaceuticals
PMVP
$59.2M
| – | – |
-36,868
| Closed | -$768K |
|
541
Quanterix
QTRX
$165M
| – | – |
-11,859
| Closed | -$346K |
|
542
RH
RH
$3.38B
| – | – |
-561
| Closed | -$183K |
|
543
Schrodinger
SDGR
$1.14B
| – | – |
-19,911
| Closed | -$679K |
|
544
Sea Limited
SE
$64.5B
| – | – |
-52,672
| Closed | -$6.31M |
|
545
Snap
SNAP
$7.97B
| – | – |
-2,711,908
| Closed | -$97.6M |
|
546
Teladoc Health
TDOC
$1.65B
| – | – |
-394
| Closed | -$28K |
|
547
Target
TGT
$65.4B
| – | – |
-5,267
| Closed | -$1.12M |
|
548
Twilio
TWLO
$29.4B
| – | – |
-482,186
| Closed | -$79.5M |
|
549
10x Genomics
TXG
$5.88B
| – | – |
-328,561
| Closed | -$25M |
|
550
Textron
TXT
$15.8B
| – | – |
-978,595
| Closed | -$72.8M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.