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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
Cap. Flow
-$1.94B
Cap. Flow %
-10.36%
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71

Top Buys

Rank Stock Value
1
MLM icon
Martin Marietta Materials
MLM
+$182M
2
AAPL icon
Apple
AAPL
+$149M
3
META icon
Meta Platforms (Facebook)
META
+$137M
4
V icon
Visa
V
+$115M
5
GFL icon
GFL Environmental
GFL
+$113M

Top Sells

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$166M
2
LLY icon
Eli Lilly
LLY
+$156M
3
MCK icon
McKesson
MCK
+$154M
4
LYV icon
Live Nation Entertainment
LYV
+$144M
5
MSFT icon
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
AZPN
576
DELISTED
Aspen Technology Inc
AZPN
– –
-63,736
Closed -$13.1M
AIRC
577
DELISTED
Apartment Income REIT Corp.
AIRC
– –
-435
Closed -$14.9K
SGEN
578
DELISTED
Seagen Inc. Common Stock
SGEN
– –
-53,139
Closed -$6.83M
VMW
579
DELISTED
VMware, Inc
VMW
– –
-5,234
Closed -$643K
ISEE
580
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-8,455
Closed -$181K
BBBY
581
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-402,510
Closed -$1.01M
FRC
582
DELISTED
First Republic Bank
FRC
– –
-16,907
Closed -$2.06M
SGFY
583
DELISTED
Signify Health, Inc.
SGFY
– –
-472,817
Closed -$13.6M
IAA
584
DELISTED
IAA, Inc. Common Stock
IAA
– –
-86,127
Closed -$3.45M
COUP
585
DELISTED
Coupa Software Incorporated
COUP
– –
-1,261,055
Closed -$99.8M
SIVB
586
DELISTED
SVB Financial Group
SIVB
– –
-1,747
Closed -$402K
20 21 22 23
24

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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.