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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Republic Services
RSG
$67.4B
| – | – |
-143
| Closed | -$21.9K |
|
527
Sunrun
RUN
$2.26B
| – | – |
-131,931
| Closed | -$2.36M |
|
528
RxSight
RXST
$254M
| – | – |
-30,491
| Closed | -$878K |
|
|
SEMR
529
DELISTED
Semrush
SEMR
| – | – |
-178,944
| Closed | -$1.71M |
|
530
Tanger
SKT
$4.78B
| – | – |
-470,850
| Closed | -$10.4M |
|
531
AT&T
T
$164B
| – | – |
-70,437
| Closed | -$1.12M |
|
532
Teradyne
TER
$50B
| – | – |
-236
| Closed | -$26.3K |
|
533
Tenet Healthcare
THC
$22.2B
| – | – |
-74,007
| Closed | -$6.02M |
|
534
TripAdvisor
TRIP
$1.7B
| – | – |
-150,776
| Closed | -$2.49M |
|
535
Toro Company
TTC
$8.79B
| – | – |
-175
| Closed | -$17.8K |
|
536
TechTarget
TTGT
$327M
| – | – |
-12,961
| Closed | -$403K |
|
537
Twist Bioscience
TWST
$5.32B
| – | – |
-26,587
| Closed | -$544K |
|
538
Unity
U
$14B
| – | – |
-5,371
| Closed | -$233K |
|
539
UFP Technologies
UFPT
$1.97B
| – | – |
-6,113
| Closed | -$1.19M |
|
540
Universal Health Services
UHS
$10.2B
| – | – |
-54,202
| Closed | -$8.55M |
|
541
Ulta Beauty
ULTA
$21.8B
| – | – |
-171
| Closed | -$80.5K |
|
542
United Rentals
URI
$65.7B
| – | – |
-39
| Closed | -$17.4K |
|
543
US Foods
USFD
$22.5B
| – | – |
-326,712
| Closed | -$14.4M |
|
544
Valmont Industries
VMI
$8.81B
| – | – |
-60
| Closed | -$17.5K |
|
545
Viper Energy
VNOM
$8.43B
| – | – |
-1,473,972
| Closed | -$39.5M |
|
546
Viridian Therapeutics
VRDN
$2.2B
| – | – |
-107,318
| Closed | -$2.55M |
|
547
Vistra
VST
$48.2B
| – | – |
-792
| Closed | -$20.8K |
|
548
Valvoline
VVV
$5.06B
| – | – |
-563
| Closed | -$21.1K |
|
549
Voyager Therapeutics
VYGR
$181M
| – | – |
-31,848
| Closed | -$365K |
|
550
Wendy's
WEN
$1.46B
| – | – |
-895
| Closed | -$19.5K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.