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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
+5.88%
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
$21.5B
AUM Growth
-$647M
(-2.9%)
Cap. Flow
-$1.48B
Cap. Flow
% of AUM
-6.88%
Top 10 Holdings %
Top 10 Hldgs %
38.78%
Holding
614
New
58
Increased
200
Reduced
215
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$164M |
| 2 |
Salesforce
CRM
|
+$163M |
| 3 |
SBA Communications
SBAC
|
+$130M |
| 4 |
Boeing
BA
|
+$128M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$496M |
| 2 |
Apple
AAPL
|
+$260M |
| 3 |
Amazon
AMZN
|
+$179M |
| 4 |
Microchip Technology
MCHP
|
+$130M |
| 5 |
Crown Castle
CCI
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.61% |
| 2 | Consumer Discretionary | 16.32% |
| 3 | Healthcare | 15.75% |
| 4 | Communication Services | 12.15% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Blackstone
BX
$104B
| $104M | 0.48% |
3,241,187
-620,988
| -16% | -$21.2M |
|
52
Cintas
CTAS
$82.4B
| $103M | 0.48% |
2,412,684
+41,864
| +2% | +$1.74M |
|
53
JPMorgan Chase
JPM
$939B
| $98.8M | 0.46% |
898,068
-401,591
| -31% | -$45.5M |
|
54
General Dynamics
GD
$105B
| $98.7M | 0.46% |
446,943
-16,212
| -4% | -$3.53M |
|
55
Norwegian Cruise Line
NCLH
$8.89B
| $97.5M | 0.45% |
1,841,124
-99,993
| -5% | -$5.68M |
|
56
RTX Corp
RTX
$287B
| $96M | 0.45% |
1,212,034
+1,211,978
| +2,164,246% | +$100M |
|
57
Cognizant
CTSH
$21.5B
| $90.3M | 0.42% |
1,121,120
-121,949
| -10% | -$9.64M |
|
58
Zimmer Biomet
ZBH
$17.7B
| $87.7M | 0.41% |
828,373
+792,450
| +2,206% | +$92M |
|
59
Intuitive Surgical
ISRG
$121B
| $85.2M | 0.4% |
619,389
-84,585
| -12% | -$11.8M |
|
60
Halliburton
HAL
$27.9B
| $82.2M | 0.38% |
1,750,436
-562,573
| -24% | -$27.8M |
|
61
Walmart Inc
WMT
$871B
| $81.4M | 0.38% |
2,744,616
-2,329,371
| -46% | -$74.9M |
|
62
DuPont de Nemours
DD
$18.6B
| $80.7M | 0.38% |
500,179
-76,349
| -13% | -$13.8M |
|
63
BioMarin Pharmaceuticals
BMRN
$11.5B
| $75.8M | 0.35% |
934,621
-89,411
| -9% | -$7.67M |
|
|
STMP
64
DELISTED
Stamps.com, Inc.
STMP
| $71.5M | 0.33% |
355,549
-35,716
| -9% | -$6.99M |
|
65
Veeva Systems
VEEV
$30.3B
| $69.7M | 0.32% |
954,312
-70,618
| -7% | -$4.56M |
|
66
FirstService
FSV
$6.32B
| $69.6M | 0.32% |
951,711
+123,203
| +15% | +$8.51M |
|
67
Micron Technology
MU
$1.04T
| $69.1M | 0.32% |
1,325,236
-1,394,730
| -51% | -$66.8M |
|
68
Marvell Technology
MRVL
$174B
| $67.2M | 0.31% |
3,201,930
+3,107,157
| +3,279% | +$71.1M |
|
69
Aptiv
APTV
$12B
| $66.3M | 0.31% |
780,736
-208,750
| -21% | -$18.9M |
|
70
HEICO Corp
HEI
$48.9B
| $63.5M | 0.3% |
913,674
-114,449
| -11% | -$7.49M |
|
71
DexCom
DXCM
$27.6B
| $62.9M | 0.29% |
3,394,340
+2,237,700
| +193% | +$33.1M |
|
|
EVBG
72
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $61.3M | 0.28% |
1,673,967
+8,806
| +0.5% | +$295K |
|
73
Chegg
CHGG
$108M
| $61.2M | 0.28% |
2,963,305
-97,758
| -3% | -$1.85M |
|
74
Lam Research
LRCX
$382B
| $60.7M | 0.28% |
2,987,430
+2,130,730
| +249% | +$42.2M |
|
|
CELG
75
DELISTED
Celgene Corp
CELG
| $58.8M | 0.27% |
658,748
-745,924
| -53% | -$71.6M |
|
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Fred Alger Management's Q1 2018 Portfolio in Review
As of Q1 2018, Fred Alger Management held 614 positions worth $21.5B, down 2.9% from $22.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.48B in Q1 2018, closing 65 positions and reducing 215 holdings. Its most notable exit was Broadcom, an estimated $496M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Fred Alger Management opened a new position in Zayo Group Holdings, Inc. worth $33.9M.
- Fred Alger Management's largest Q1 2018 buy was Zayo Group Holdings, Inc.: 991,263 shares worth $33.9M.
- Fred Alger Management added most to Microsoft in Q1 2018, an estimated $164M increase.
- Fred Alger Management's biggest Q1 2018 reduction was Apple, cutting an estimated $260M.
- Fred Alger Management fully exited Broadcom in Q1 2018, selling an estimated $496M.
- Fred Alger Management's ten largest holdings make up 39% of its $21.5B portfolio in Q1 2018.
- Fred Alger Management opened 58 new positions and closed 65 in Q1 2018.
- Fred Alger Management's portfolio value fell 2.9% quarter-over-quarter to $21.5B.
Based on Fred Alger Management's 13F filing for Q1 2018, filed 10 May 2018.