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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
+6.82%
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
$18.4B
AUM Growth
-$1.29B
(-6.5%)
Cap. Flow
-$1.51B
Cap. Flow
% of AUM
-8.21%
Top 10 Holdings %
Top 10 Hldgs %
26.32%
Holding
585
New
66
Increased
220
Reduced
190
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$127M |
| 2 |
NVIDIA
NVDA
|
+$124M |
| 3 |
Marvell Technology
MRVL
|
+$93.5M |
| 4 |
COUP
Coupa Software Incorporated
COUP
|
+$75.4M |
| 5 |
PayPal
PYPL
|
+$70.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$171M |
| 2 |
Tesla
TSLA
|
+$149M |
| 3 |
Apple
AAPL
|
+$137M |
| 4 |
Amazon
AMZN
|
+$134M |
| 5 |
Alibaba
BABA
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.81% |
| 2 | Healthcare | 25.72% |
| 3 | Industrials | 11.09% |
| 4 | Consumer Discretionary | 11.02% |
| 5 | Communication Services | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
COUP
51
DELISTED
Coupa Software Incorporated
COUP
| $99.8M | 0.54% |
+1,261,055
| New | +$75.4M |
|
52
BlackLine
BL
$1.87B
| $99.5M | 0.54% |
1,478,647
-16,357
| -1% | -$1.01M |
|
53
Shake Shack
SHAK
$2.55B
| $98.4M | 0.53% |
2,370,120
-1,047,130
| -31% | -$51M |
|
54
HealthEquity
HQY
$8.46B
| $97.6M | 0.53% |
1,583,002
-195,968
| -11% | -$13.2M |
|
55
QuidelOrtho
QDEL
$1.14B
| $97.3M | 0.53% |
1,135,860
-69,910
| -6% | -$5.92M |
|
56
HEICO Corp
HEI
$50.8B
| $96.6M | 0.52% |
628,789
-41,568
| -6% | -$6.47M |
|
57
First Solar
FSLR
$21.8B
| $94.7M | 0.51% |
632,078
-124,001
| -16% | -$18.4M |
|
58
Cadence Design Systems
CDNS
$95.1B
| $93.6M | 0.51% |
582,510
+17,224
| +3% | +$2.75M |
|
59
Biogen
BIIB
$30.4B
| $92M | 0.5% |
332,065
+188,033
| +131% | +$53.1M |
|
60
Wingstop
WING
$3.67B
| $88.2M | 0.48% |
640,854
-40,862
| -6% | -$6.03M |
|
|
CWAN
61
DELISTED
Clearwater Analytics
CWAN
| $85.9M | 0.47% |
4,582,822
-33,544
| -0.7% | -$581K |
|
|
SWAV
62
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $85.5M | 0.46% |
415,809
-164,802
| -28% | -$41.7M |
|
63
Globant
GLOB
$1.52B
| $85.3M | 0.46% |
507,298
-20,916
| -4% | -$3.7M |
|
64
Trade Desk
TTD
$8.89B
| $84.7M | 0.46% |
1,888,276
-371,656
| -16% | -$18.8M |
|
65
Guidewire Software
GWRE
$13.3B
| $84.6M | 0.46% |
1,353,045
-127,826
| -9% | -$7.59M |
|
66
EOG Resources
EOG
$74.4B
| $83.8M | 0.45% |
647,306
+291,299
| +82% | +$38.7M |
|
67
Chegg
CHGG
$121M
| $82.9M | 0.45% |
3,280,279
+87,048
| +3% | +$2.21M |
|
68
Centene
CNC
$31.6B
| $81.8M | 0.44% |
997,555
-1,020,110
| -51% | -$83.3M |
|
69
SiteOne Landscape Supply
SITE
$4.58B
| $81.2M | 0.44% |
691,900
-41,054
| -6% | -$4.78M |
|
|
PRO
70
DELISTED
PROS Holdings
PRO
| $79.4M | 0.43% |
3,271,613
-371,341
| -10% | -$9.11M |
|
71
Cheniere Energy
LNG
$52.8B
| $78.2M | 0.42% |
521,455
-205,069
| -28% | -$34.3M |
|
72
Albemarle
ALB
$13.3B
| $78.1M | 0.42% |
360,318
-128,172
| -26% | -$34.2M |
|
73
Core Laboratories
CLB
$493M
| $78.1M | 0.42% |
3,853,977
-235,347
| -6% | -$4.56M |
|
74
AtriCure
ATRC
$2.01B
| $77.9M | 0.42% |
1,755,398
-572,077
| -25% | -$23.9M |
|
75
Planet Fitness
PLNT
$4.43B
| $77.8M | 0.42% |
987,833
+51,639
| +6% | +$3.6M |
|
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Fred Alger Management's Q4 2022 Portfolio in Review
As of Q4 2022, Fred Alger Management held 585 positions worth $18.4B, down 6.5% from $19.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Fred Alger Management withdrew a net $1.51B in Q4 2022, closing 69 positions and reducing 190 holdings. Its most notable exit was Monolithic Power Systems, an estimated $65.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Fred Alger Management opened a new position in Snowflake worth $119M.
- Fred Alger Management's largest Q4 2022 buy was Snowflake: 832,045 shares worth $119M.
- Fred Alger Management added most to NVIDIA in Q4 2022, an estimated $124M increase.
- Fred Alger Management's biggest Q4 2022 reduction was MGM Resorts International, cutting an estimated $171M.
- Fred Alger Management fully exited Monolithic Power Systems in Q4 2022, selling an estimated $65.9M.
- Fred Alger Management's ten largest holdings make up 26% of its $18.4B portfolio in Q4 2022.
- Fred Alger Management opened 66 new positions and closed 69 in Q4 2022.
- Fred Alger Management's portfolio value fell 6.5% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2022, filed 14 Feb 2023.