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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Coherent
COHR
$43.4B
| – | – |
-754,806
| Closed | -$38.5M |
|
527
Cerence
CRNC
$359M
| – | – |
-74,618
| Closed | -$1.88M |
|
528
Denali Therapeutics
DNLI
$3.79B
| – | – |
-8,983
| Closed | -$264K |
|
529
Design Therapeutics
DSGN
$751M
| – | – |
-6,578
| Closed | -$92K |
|
|
EB
530
DELISTED
Eventbrite
EB
| – | – |
-253,561
| Closed | -$2.6M |
|
531
Equifax
EFX
$22B
| – | – |
-191
| Closed | -$35K |
|
532
EyePoint Inc
EYPT
$999M
| – | – |
-69,908
| Closed | -$550K |
|
533
Fastenal
FAST
$54.8B
| – | – |
-922
| Closed | -$23K |
|
534
Freeport-McMoran
FCX
$86.2B
| – | – |
-11,181
| Closed | -$327K |
|
535
Five Below
FIVE
$11.6B
| – | – |
-54,846
| Closed | -$6.22M |
|
536
Fortinet
FTNT
$112B
| – | – |
-69,820
| Closed | -$3.95M |
|
537
Genius Sports
GENI
$1.95B
| – | – |
-1,038,227
| Closed | -$2.34M |
|
538
Halozyme
HALO
$9.88B
| – | – |
-10,050
| Closed | -$442K |
|
539
Hydrofarm Holdings
HYFM
$2.66M
| – | – |
-17,881
| Closed | -$622K |
|
|
IGMS
540
DELISTED
IGM Biosciences
IGMS
| – | – |
-12,067
| Closed | -$218K |
|
541
IQVIA
IQV
$40.7B
| – | – |
-90
| Closed | -$20K |
|
542
Gartner
IT
$11.1B
| – | – |
-160
| Closed | -$39K |
|
543
The Joint Corp
JYNT
$119M
| – | – |
-305,646
| Closed | -$4.68M |
|
544
Kohl's
KSS
$2.16B
| – | – |
-128,575
| Closed | -$4.59M |
|
545
Kura Oncology
KURA
$793M
| – | – |
-19,054
| Closed | -$349K |
|
546
Standard BioTools
LAB
$342M
| – | – |
-195,490
| Closed | -$313K |
|
547
Middleby
MIDD
$6.01B
| – | – |
-103
| Closed | -$13K |
|
548
Morningstar
MORN
$7.55B
| – | – |
-65
| Closed | -$16K |
|
549
Mettler-Toledo International
MTD
$28.1B
| – | – |
-14
| Closed | -$16K |
|
550
Nurix Therapeutics
NRIX
$2.45B
| – | – |
-7,306
| Closed | -$93K |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.