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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
Cap. Flow
-$1.56B
Cap. Flow %
-7.93%
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58

Top Buys

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$164M
2
CNC icon
Centene
CNC
+$162M
3
LLY icon
Eli Lilly
LLY
+$143M
4
NFLX icon
Netflix
NFLX
+$139M
5
AMZN icon
Amazon
AMZN
+$115M

Top Sells

Rank Stock Value
1
V icon
Visa
V
+$177M
2
INTU icon
Intuit
INTU
+$176M
3
AMAT icon
Applied Materials
AMAT
+$166M
4
AMD icon
Advanced Micro Devices
AMD
+$115M
5
CRWD icon
CrowdStrike
CRWD
+$110M

Sector Composition

Rank Sector Weight
1 Technology 28.33%
2 Healthcare 24.22%
3 Consumer Discretionary 14.38%
4 Industrials 10.17%
5 Communication Services 7.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CDK
576
DELISTED
CDK Global, Inc.
CDK
– –
-384
Closed -$21K
HZNP
577
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-264,990
Closed -$21.1M
20 21 22 23
24

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Fred Alger Management's Q3 2022 Portfolio in Review

As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.

  • Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
  • Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
  • Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
  • Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
  • Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
  • Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
  • Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.

Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.