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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CMRC
526
Commerce.com Inc Series 1
CMRC
$261M
| – | – |
-6,381
| Closed | -$55.8K |
|
527
BioNTech
BNTX
$23.5B
| – | – |
-12,318
| Closed | -$1.85M |
|
528
Popular Inc
BPOP
$11.2B
| – | – |
-326,747
| Closed | -$21.7M |
|
529
Brown & Brown
BRO
$23.7B
| – | – |
-310
| Closed | -$17.7K |
|
530
Clearfield
CLFD
$420M
| – | – |
-1,819
| Closed | -$171K |
|
531
Centene
CNC
$30.1B
| – | – |
-997,555
| Closed | -$81.8M |
|
532
CVS Health
CVS
$134B
| – | – |
-48,938
| Closed | -$4.56M |
|
533
Sprinklr
CXM
$1.45B
| – | – |
-81,002
| Closed | -$662K |
|
534
Dollar Tree
DLTR
$24.7B
| – | – |
-269
| Closed | -$38K |
|
535
Dynatrace
DT
$12.8B
| – | – |
-70,061
| Closed | -$2.68M |
|
536
Devon Energy
DVN
$50.9B
| – | – |
-685,220
| Closed | -$42.1M |
|
537
Electronic Arts
EA
$52.9B
| – | – |
-2,544
| Closed | -$311K |
|
538
Emerson Electric
EMR
$83.3B
| – | – |
-726
| Closed | -$69.7K |
|
539
Enterprise Products Partners
EPD
$82.5B
| – | – |
-137,253
| Closed | -$3.31M |
|
540
EQT Corp
EQT
$33B
| – | – |
-37,777
| Closed | -$1.28M |
|
541
4D Molecular Therapeutics
FDMT
$526M
| – | – |
-6,241
| Closed | -$139K |
|
542
Liberty Media Series A
FWONA
$23.1B
| – | – |
-754
| Closed | -$38.6K |
|
543
Halozyme
HALO
$9.88B
| – | – |
-29,801
| Closed | -$1.7M |
|
544
Huazhu Hotels Group
HTHT
$13B
| – | – |
-9,063
| Closed | -$384K |
|
545
iShares Russell 2000 Growth ETF
IWO
$14.4B
| – | – |
-60,669
| Closed | -$13M |
|
546
iShares Russell Mid-Cap Growth ETF
IWP
$19.8B
| – | – |
-100,605
| Closed | -$8.41M |
|
547
KBR
KBR
$4.36B
| – | – |
-840
| Closed | -$44.4K |
|
548
Levi Strauss
LEVI
$9.45B
| – | – |
-18,405
| Closed | -$286K |
|
549
Linde
LIN
$235B
| – | – |
-63
| Closed | -$20.5K |
|
550
Markel Group
MKL
$23.6B
| – | – |
-33
| Closed | -$43.5K |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.