Fred Alger Management Portfolio holdings
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 | |
|---|---|---|---|---|---|---|
551
Waste Management
WM
$95B
| – | – |
-217,188
| Closed | -$37.7M |
|
552
Yum! Brands
YUM
$41.9B
| – | – |
-156
| Closed | -$21.6K |
|
553
Yum China
YUMC
$15.7B
| – | – |
-342,736
| Closed | -$19.4M |
|
|
FNA
554
DELISTED
Paragon 28, Inc.
FNA
| – | – |
-138,219
| Closed | -$2.45M |
|
|
AXNX
555
DELISTED
Axonics, Inc. Common Stock
AXNX
| – | – |
-594,870
| Closed | -$30M |
|
|
SILK
556
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| – | – |
-1,241,469
| Closed | -$40.3M |
|
|
MODN
557
DELISTED
MODEL N, INC.
MODN
| – | – |
-852,422
| Closed | -$30.1M |
|
|
NSTG
558
DELISTED
NanoString Technologies, Inc.
NSTG
| – | – |
-287,175
| Closed | -$1.16M |
|
|
RETA
559
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| – | – |
-407,170
| Closed | -$41.5M |
|
|
WWE
560
DELISTED
World Wrestling Entertainment
WWE
| – | – |
-68,860
| Closed | -$7.47M |
|
Similar funds
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.