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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
HEICO Corp Class A
HEI.A
$36.4B
| $97M | 0.49% |
846,170
-206,701
| -20% | -$24.9M |
|
|
52
HEICO Corp
HEI
$50.5B
| $96.5M | 0.49% |
670,357
-68,014
| -9% | -$10.2M |
|
53
PayPal
PYPL
$51.5B
| $94.8M | 0.48% |
1,101,555
+517,351
| +89% | +$45.9M |
|
|
SBNY
54
DELISTED
Signature Bank
SBNY
| $93.8M | 0.48% |
620,874
-183,947
| -23% | -$33.4M |
|
55
Cadence Design Systems
CDNS
$94.9B
| $92.4M | 0.47% |
565,286
-353,539
| -38% | -$60.8M |
|
56
Repligen
RGEN
$8.37B
| $92.1M | 0.47% |
492,296
-155,171
| -24% | -$32.7M |
|
57
Guidewire Software
GWRE
$13.2B
| $91.2M | 0.46% |
1,480,871
+2,378
| +0.2% | +$172K |
|
58
Evolent Health
EVH
$415M
| $91.1M | 0.46% |
2,534,726
+97,417
| +4% | +$3.43M |
|
59
AtriCure
ATRC
$1.99B
| $91M | 0.46% |
2,327,475
-188,020
| -7% | -$8.6M |
|
|
PRO
60
DELISTED
PROS Holdings
PRO
| $90M | 0.46% |
3,642,954
+10,835
| +0.3% | +$263K |
|
61
BlackLine
BL
$1.89B
| $89.6M | 0.45% |
1,495,004
-49,754
| -3% | -$3.34M |
|
62
Take-Two Interactive
TTWO
$46.1B
| $87.6M | 0.44% |
804,004
-45,621
| -5% | -$5.67M |
|
63
Sprout Social
SPT
$529M
| $86.7M | 0.44% |
1,428,444
-95,454
| -6% | -$5.74M |
|
64
QuidelOrtho
QDEL
$1.14B
| $86.2M | 0.44% |
1,205,770
+1,005
| +0.1% | +$89.9K |
|
65
Vail Resorts
MTN
$5.51B
| $85.5M | 0.43% |
396,530
-5,472
| -1% | -$1.24M |
|
66
Wingstop
WING
$3.73B
| $85.5M | 0.43% |
681,716
+5,068
| +0.7% | +$606K |
|
67
Intuitive Surgical
ISRG
$131B
| $83.9M | 0.43% |
447,838
-402,571
| -47% | -$86.5M |
|
68
Inspire Medical Systems
INSP
$1.5B
| $81.5M | 0.41% |
459,588
-130,807
| -22% | -$26.3M |
|
|
CWAN
69
DELISTED
Clearwater Analytics
CWAN
| $77.5M | 0.39% |
4,616,366
+204,116
| +5% | +$2.98M |
|
70
SiteOne Landscape Supply
SITE
$4.54B
| $76.3M | 0.39% |
732,954
-54,971
| -7% | -$6.88M |
|
71
SolarEdge
SEDG
$2.39B
| $76.1M | 0.39% |
328,881
-340,383
| -51% | -$100M |
|
72
Glaukos
GKOS
$8.81B
| $74.6M | 0.38% |
1,402,110
+358,360
| +34% | +$18.5M |
|
73
CryoPort
CYRX
$769M
| $74.5M | 0.38% |
3,059,493
-389,527
| -11% | -$13.4M |
|
|
PDCE
74
DELISTED
PDC Energy, Inc.
PDCE
| $74.1M | 0.38% |
1,282,277
-117,532
| -8% | -$7.21M |
|
75
StepStone Group
STEP
$3.62B
| $73.5M | 0.37% |
2,999,956
-713,544
| -19% | -$19.4M |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.