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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
HealthEquity
HQY
$7.91B
| $109M | 0.51% |
1,774,140
-55,533
| -3% | -$3.56M |
|
52
Inspire Medical Systems
INSP
$1.42B
| $108M | 0.5% |
590,395
-345,111
| -37% | -$68.8M |
|
53
CryoPort
CYRX
$775M
| $107M | 0.5% |
3,449,020
-163,160
| -5% | -$4.34M |
|
54
Repligen
RGEN
$7.44B
| $105M | 0.49% |
647,467
-378,391
| -37% | -$59.8M |
|
55
Guidewire Software
GWRE
$11.5B
| $105M | 0.49% |
1,478,493
-47,914
| -3% | -$3.92M |
|
56
Take-Two Interactive
TTWO
$43B
| $104M | 0.49% |
849,625
+485,689
| +133% | +$61.8M |
|
|
CHX
57
DELISTED
ChampionX
CHX
| $104M | 0.48% |
5,218,665
-2,215,356
| -30% | -$50.1M |
|
58
Generac Holdings
GNRC
$11.9B
| $103M | 0.48% |
491,041
-37,539
| -7% | -$9.23M |
|
59
BlackLine
BL
$1.69B
| $103M | 0.48% |
1,544,758
-308,835
| -17% | -$21.1M |
|
60
AtriCure
ATRC
$1.77B
| $103M | 0.48% |
2,515,495
-243,860
| -9% | -$11.6M |
|
61
Mercado Libre
MELI
$91.3B
| $98.6M | 0.46% |
154,867
+74,572
| +93% | +$65M |
|
|
SWAV
62
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $97.4M | 0.46% |
509,635
-102,470
| -17% | -$18.1M |
|
63
Palo Alto Networks
PANW
$264B
| $97M | 0.45% |
1,177,680
+932,640
| +381% | +$82.7M |
|
64
HEICO Corp
HEI
$48.9B
| $96.8M | 0.45% |
738,371
-45,036
| -6% | -$6.35M |
|
65
StepStone Group
STEP
$3.48B
| $96.7M | 0.45% |
3,713,500
-403,791
| -10% | -$11M |
|
66
Popular Inc
BPOP
$11B
| $95.5M | 0.45% |
1,240,883
-43,546
| -3% | -$3.46M |
|
|
PRO
67
DELISTED
PROS Holdings
PRO
| $95.3M | 0.44% |
3,632,119
-408,521
| -10% | -$11.5M |
|
68
Cheniere Energy
LNG
$56.5B
| $94.9M | 0.44% |
+713,389
| New | +$97.2M |
|
69
Marqeta
MQ
$1.8B
| $94.3M | 0.44% |
2,905,632
-377,564
| -11% | -$14.8M |
|
70
Neogen
NEOG
$2.05B
| $94M | 0.44% |
3,900,825
-269,849
| -6% | -$7.24M |
|
71
SiteOne Landscape Supply
SITE
$4.43B
| $93.7M | 0.44% |
787,925
-186,789
| -19% | -$25.1M |
|
72
Lam Research
LRCX
$382B
| $92.5M | 0.43% |
2,171,410
-564,820
| -21% | -$26.9M |
|
73
Globant
GLOB
$1.35B
| $90.6M | 0.42% |
520,708
+152
| +0% | +$30.9K |
|
74
Adobe
ADBE
$89.5B
| $90.5M | 0.42% |
247,257
-74,276
| -23% | -$30.2M |
|
75
Sprout Social
SPT
$455M
| $88.5M | 0.41% |
1,523,898
-220,299
| -13% | -$12.8M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.