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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
MOH icon
551
Molina Healthcare
MOH
$10.5B
– –
-56
Closed -$15K
MRVI icon
552
Maravai LifeSciences
MRVI
$1.01B
– –
-80,254
Closed -$1.12M
NBIX icon
553
Neurocrine Biosciences
NBIX
$18.4B
– –
-176
Closed -$17.8K
NDSN icon
554
Nordson
NDSN
$16.9B
– –
-90
Closed -$20K
NXST icon
555
Nexstar Media Group
NXST
$5.92B
– –
-132
Closed -$22.8K
OKTA icon
556
Okta
OKTA
$23.7B
– –
-9,275
Closed -$800K
OPCH icon
557
Option Care Health
OPCH
$3.53B
– –
-25,032
Closed -$795K
PAYX icon
558
Paychex
PAYX
$42.3B
– –
-554
Closed -$63.5K
PD icon
559
PagerDuty
PD
$795M
– –
-963,008
Closed -$33.7M
PH icon
560
Parker-Hannifin
PH
$125B
– –
-6,793
Closed -$2.28M
PHR icon
561
Phreesia
PHR
$671M
– –
-39,000
Closed -$1.26M
RBLX icon
562
Roblox
RBLX
$35.4B
– –
-264,030
Closed -$11.9M
REAL icon
563
The RealReal
REAL
$1.44B
– –
-38
Closed -$48
RJF icon
564
Raymond James Financial
RJF
$34B
– –
-223
Closed -$20.8K
SCHW
565
Charles Schwab
SCHW
$184B
– –
-258
Closed -$13.5K
SHW icon
566
Sherwin-Williams
SHW
$87.4B
– –
-107
Closed -$24.1K
TEAM icon
567
Atlassian
TEAM
$25.4B
– –
-15,304
Closed -$2.62M
TERN
568
DELISTED
Terns Pharmaceuticals
TERN
– –
-16,276
Closed -$193K
TJX icon
569
TJX Companies
TJX
$178B
– –
-807,689
Closed -$63.3M
TPL icon
570
Texas Pacific Land
TPL
$26.9B
– –
-108
Closed -$20.4K
TXG icon
571
10x Genomics
TXG
$5.97B
– –
-8,820
Closed -$492K
UI icon
572
Ubiquiti
UI
$32.4B
– –
-134
Closed -$36.4K
UPWK icon
573
Upwork
UPWK
$1.21B
– –
-18
Closed -$204
UTHR icon
574
United Therapeutics
UTHR
$26.1B
– –
-161
Closed -$36.1K
VKTX icon
575
Viking Therapeutics
VKTX
$3.93B
– –
-26,597
Closed -$443K
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.