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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
+15.81%
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
$19.6B
AUM Growth
+$879M
Cap. Flow
-$1.18B
Cap. Flow %
-6.05%
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$96.2M
2
DKNG icon
DraftKings
DKNG
+$81.7M
3
GEHC icon
GE HealthCare
GEHC
+$81.1M
4
GFL icon
GFL Environmental
GFL
+$77M
5
PCVX icon
Vaxcyte
PCVX
+$72.4M

Top Sells

Rank Stock Value
1
INTU icon
Intuit
INTU
+$187M
2
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
+$143M
3
ABBV icon
AbbVie
ABBV
+$112M
4
DIS icon
Walt Disney
DIS
+$99.6M
5
HSKA
Heska Corp
HSKA
+$80.9M

Sector Composition

Rank Sector Weight
1 Technology 36.16%
2 Healthcare 20.31%
3 Consumer Discretionary 12.43%
4 Industrials 10.17%
5 Communication Services 7.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTKB icon
526
Cytek Biosciences
CTKB
$576M
– –
-106,841
Closed -$982K
CYBR
527
DELISTED
CyberArk
CYBR
– –
-2,567
Closed -$380K
DRVN icon
528
Driven Brands
DRVN
$2.47B
– –
-638
Closed -$19.3K
DUOL icon
529
Duolingo
DUOL
$6.56B
– –
-17,475
Closed -$2.49M
ELV icon
530
Elevance Health
ELV
$83.7B
– –
-85
Closed -$39.1K
ENTG icon
531
Entegris
ENTG
$18B
– –
-7,403
Closed -$607K
ETNB
532
DELISTED
89bio
ETNB
– –
-7,056
Closed -$107K
FCNCA icon
533
First Citizens BancShares
FCNCA
$25B
– –
-52
Closed -$50.6K
FCX icon
534
Freeport-McMoran
FCX
$88.6B
– –
-239,625
Closed -$9.8M
FDS icon
535
Factset
FDS
$10.1B
– –
-48
Closed -$19.9K
FRPT icon
536
Freshpet
FRPT
$3.01B
– –
-361,121
Closed -$23.9M
G icon
537
Genpact
G
$5.87B
– –
-505
Closed -$23.3K
GDYN icon
538
Grid Dynamics Holdings
GDYN
$513M
– –
-946,585
Closed -$10.8M
GGG icon
539
Graco
GGG
$13.3B
– –
-293
Closed -$21.4K
GH icon
540
Guardant Health
GH
$19B
– –
-10,000
Closed -$234K
GPK icon
541
Graphic Packaging
GPK
$3.45B
– –
-888
Closed -$22.6K
GWW icon
542
W.W. Grainger
GWW
$66B
– –
-45
Closed -$31K
HRI icon
543
Herc Holdings
HRI
$4.95B
– –
-322,298
Closed -$36.7M
HROW icon
544
Harrow
HROW
$1.47B
– –
-9,685
Closed -$205K
IONS icon
545
Ionis Pharmaceuticals
IONS
$9.14B
– –
-499
Closed -$17.8K
IRTC icon
546
iRhythm Holdings
IRTC
$3.86B
– –
-3,467
Closed -$430K
IWF icon
547
iShares Russell 1000 Growth ETF
IWF
$119B
– –
-1,496
Closed -$91.4K
JKHY icon
548
Jack Henry & Associates
JKHY
$11.2B
– –
-223
Closed -$33.6K
KPTI icon
549
Karyopharm Therapeutics
KPTI
$161M
– –
-4,628
Closed -$270K
LPLA icon
550
LPL Financial
LPLA
$27.4B
– –
-137,461
Closed -$27.8M
20 21
22
23 24

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Fred Alger Management's Q2 2023 Portfolio in Review

As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.

  • Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
  • Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
  • Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
  • Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
  • Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
  • Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
  • Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.

Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.