We are live on ! Find out more
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
VRSN icon
576
VeriSign
VRSN
$25.5B
– –
-212
Closed -$44.8K
WCC
577
WESCO International
WCC
$16B
– –
-184
Closed -$28.4K
ACCD
578
DELISTED
Accolade Inc
ACCD
– –
-490,342
Closed -$7.05M
CTLT
579
DELISTED
CATALENT, INC.
CTLT
– –
-434,239
Closed -$28.5M
INST
580
DELISTED
Instructure Holdings, Inc.
INST
– –
-44,988
Closed -$1.17M
AYX
581
DELISTED
Alteryx Inc
AYX
– –
-186,040
Closed -$10.9M
FTCH
582
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
– –
-17
Closed -$83
FORG
583
DELISTED
ForgeRock, Inc.
FORG
– –
-57,134
Closed -$1.18M
PDCE
584
DELISTED
PDC Energy, Inc.
PDCE
– –
-832,671
Closed -$53.4M
RXDX
585
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
– –
-1,331,759
Closed -$143M
SUMO
586
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
– –
-241,572
Closed -$2.89M
EBIX
587
DELISTED
Ebix Inc
EBIX
– –
-24,337
Closed -$321K
HSKA
588
DELISTED
Heska Corp
HSKA
– –
-828,868
Closed -$80.9M
SBNY
589
DELISTED
Signature Bank
SBNY
– –
-59,896
Closed -$11K
20 21 22 23
24

Similar funds

Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
SAM
SEB Asset Management Stockholm $23.4B AUM
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

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.