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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
+6.82%
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
$18.4B
AUM Growth
-$1.29B
Cap. Flow
-$1.51B
Cap. Flow %
-8.21%
Top 10 Hldgs %
26.32%
Holding
585
New
66
Increased
220
Reduced
190
Closed
69

Top Buys

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$127M
2
NVDA icon
NVIDIA
NVDA
+$124M
3
MRVL icon
Marvell Technology
MRVL
+$93.5M
4
COUP
Coupa Software Incorporated
COUP
+$75.4M
5
PYPL icon
PayPal
PYPL
+$70.2M

Top Sells

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$171M
2
TSLA icon
Tesla
TSLA
+$149M
3
AAPL icon
Apple
AAPL
+$137M
4
AMZN icon
Amazon
AMZN
+$134M
5
BABA icon
Alibaba
BABA
+$115M

Sector Composition

Rank Sector Weight
1 Technology 29.81%
2 Healthcare 25.72%
3 Industrials 11.09%
4 Consumer Discretionary 11.02%
5 Communication Services 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ITCI
576
DELISTED
Intra-Cellular Therapies Inc.
ITCI
– –
-38,536
Closed -$1.79M
RNLX
577
DELISTED
Renalytix plc American Depositary Shares
RNLX
– –
-307,642
Closed -$394K
DMTK
578
DELISTED
DermTech, Inc. Common Stock
DMTK
– –
-2,694
Closed -$11K
KDNY
579
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
– –
-15,925
Closed -$313K
ABMD
580
DELISTED
Abiomed Inc
ABMD
– –
-253
Closed -$62K
SWCH
581
DELISTED
Switch, Inc. Class A Common Stock
SWCH
– –
-1,299
Closed -$44K
CLR
582
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-528
Closed -$35K
AERI
583
DELISTED
Aerie Pharmaceuticals
AERI
– –
-598,325
Closed -$9.05M
AVLR
584
DELISTED
Avalara, Inc.
AVLR
– –
-207,107
Closed -$19M
CNVY
585
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
– –
-260,214
Closed -$2.73M
20 21 22 23
24

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Fred Alger Management's Q4 2022 Portfolio in Review

As of Q4 2022, Fred Alger Management held 585 positions worth $18.4B, down 6.5% from $19.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Fred Alger Management withdrew a net $1.51B in Q4 2022, closing 69 positions and reducing 190 holdings. Its most notable exit was Monolithic Power Systems, an estimated $65.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Fred Alger Management opened a new position in Snowflake worth $119M.

  • Fred Alger Management's largest Q4 2022 buy was Snowflake: 832,045 shares worth $119M.
  • Fred Alger Management added most to NVIDIA in Q4 2022, an estimated $124M increase.
  • Fred Alger Management's biggest Q4 2022 reduction was MGM Resorts International, cutting an estimated $171M.
  • Fred Alger Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $65.9M.
  • Fred Alger Management's ten largest holdings make up 26% of its $18.4B portfolio in Q4 2022.
  • Fred Alger Management opened 66 new positions and closed 69 in Q4 2022.
  • Fred Alger Management's portfolio value fell 6.5% quarter-over-quarter to $18.4B.

Based on Fred Alger Management's 13F filing for Q4 2022, filed 14 Feb 2023.