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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 | |
|---|---|---|---|---|---|---|
551
MKS Inc
MKSI
$19.8B
| – | – |
-321
| Closed | -$27.2K |
|
|
MRSN
552
DELISTED
Mersana Therapeutics
MRSN
| – | – |
-15,138
| Closed | -$2.22M |
|
553
National Fuel Gas
NFG
$7.84B
| – | – |
-871
| Closed | -$55.1K |
|
554
New Fortress Energy
NFE
$94.6M
| – | – |
-56,464
| Closed | -$2.4M |
|
555
NOV
NOV
$6.93B
| – | – |
-1,588
| Closed | -$33.2K |
|
556
Pinduoduo
PDD
$124B
| – | – |
-470,494
| Closed | -$38.4M |
|
557
Rollins
ROL
$18.5B
| – | – |
-1,179
| Closed | -$43.1K |
|
558
Rapid Micro Biosystems
RPID
$105M
| – | – |
-123,845
| Closed | -$140K |
|
|
RPTX
559
DELISTED
Repare Therapeutics
RPTX
| – | – |
-20,055
| Closed | -$295K |
|
560
Rhythm Pharmaceuticals
RYTM
$7.25B
| – | – |
-19,988
| Closed | -$582K |
|
561
SBA Communications
SBAC
$19.3B
| – | – |
-104,680
| Closed | -$29.3M |
|
562
Syndax Pharmaceuticals
SNDX
$1.73B
| – | – |
-14,977
| Closed | -$381K |
|
563
SOPHiA GENETICS
SOPH
$483M
| – | – |
-152,610
| Closed | -$314K |
|
564
Alpha Teknova
TKNO
$271M
| – | – |
-61,061
| Closed | -$344K |
|
565
Toast
TOST
$19.1B
| – | – |
-19,352
| Closed | -$349K |
|
566
LendingTree
TREE
$443M
| – | – |
-120,731
| Closed | -$2.58M |
|
567
T. Rowe Price
TROW
$25.6B
| – | – |
-17,631
| Closed | -$1.92M |
|
568
Vericel Corp
VCEL
$2.43B
| – | – |
-783,225
| Closed | -$20.6M |
|
569
Vinci Compass Investments Ltd
VINP
$649M
| – | – |
-5,691
| Closed | -$51.4K |
|
570
Waters Corp
WAT
$37.3B
| – | – |
-12,575
| Closed | -$4.31M |
|
571
WEX
WEX
$6.35B
| – | – |
-266
| Closed | -$43.5K |
|
|
GTM
572
ZoomInfo Technologies
GTM
$978M
| – | – |
-391,737
| Closed | -$11.8M |
|
573
Corpay
CPAY
$25.5B
| – | – |
-85
| Closed | -$15.6K |
|
|
XYZ
574
Block Inc
XYZ
$49.2B
| – | – |
-11,730
| Closed | -$737K |
|
|
CUTR
575
DELISTED
Cutera, Inc.
CUTR
| – | – |
-115,147
| Closed | -$5.09M |
|
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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.