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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Repligen
RGEN
$6.91B
| $99.6M | 0.53% |
591,488
+176,259
| +42% | +$31.4M |
|
52
TSMC
TSM
$1.94T
| $95M | 0.51% |
1,021,165
+652,723
| +177% | +$58.6M |
|
53
Guidewire Software
GWRE
$13.9B
| $93.2M | 0.5% |
1,136,354
-216,691
| -16% | -$15.8M |
|
54
SiteOne Landscape Supply
SITE
$4.16B
| $92.4M | 0.49% |
675,296
-16,604
| -2% | -$2.34M |
|
55
MGM Resorts International
MGM
$11.7B
| $90.5M | 0.48% |
2,036,475
-1,391,641
| -41% | -$57.8M |
|
56
Arista Networks
ANET
$199B
| $90.2M | 0.48% |
2,148,252
+2,147,612
| +335,564% | +$73.8M |
|
|
PRO
57
DELISTED
PROS Holdings
PRO
| $89.9M | 0.48% |
3,280,612
+8,999
| +0.3% | +$234K |
|
58
CME Group
CME
$95.4B
| $88.1M | 0.47% |
459,815
+343,447
| +295% | +$62.1M |
|
59
Nike
NKE
$64.1B
| $87.1M | 0.47% |
709,880
+547,080
| +336% | +$67.3M |
|
60
Transmedics
TMDX
$2.7B
| $86.6M | 0.46% |
1,143,639
+843,434
| +281% | +$58.3M |
|
|
ONT
61
Onterris Inc
ONT
$731M
| $86.5M | 0.46% |
2,425,129
-423,083
| -15% | -$19.2M |
|
62
Bio-Techne
TECH
$11.2B
| $84.4M | 0.45% |
1,137,059
-200,132
| -15% | -$15.4M |
|
63
ServiceNow
NOW
$120B
| $81.6M | 0.44% |
877,445
-29,025
| -3% | -$2.53M |
|
|
HSKA
64
DELISTED
Heska Corp
HSKA
| $80.9M | 0.43% |
828,868
+291,763
| +54% | +$24.5M |
|
65
Bruker
BRKR
$9.4B
| $80.8M | 0.43% |
1,024,774
+126,016
| +14% | +$9.09M |
|
66
Novanta
NOVT
$4.91B
| $80.2M | 0.43% |
504,159
+75,708
| +18% | +$11.6M |
|
67
Core Laboratories
CLB
$455M
| $79M | 0.42% |
3,582,504
-271,473
| -7% | -$6.35M |
|
68
Veeva Systems
VEEV
$33.8B
| $78.1M | 0.42% |
425,030
-220,409
| -34% | -$37.6M |
|
69
ON Semiconductor
ON
$30.7B
| $77.7M | 0.42% |
943,454
+747,590
| +382% | +$56.8M |
|
70
BlackLine
BL
$1.9B
| $77.7M | 0.42% |
1,156,405
-322,242
| -22% | -$22.2M |
|
71
Adobe
ADBE
$105B
| $77.6M | 0.42% |
201,402
+32,438
| +19% | +$11.5M |
|
72
AstraZeneca
AZN
$269B
| $77.3M | 0.41% |
556,728
-10,548
| -2% | -$1.42M |
|
|
73
Live Nation Entertainment
LYV
$42.9B
| $77M | 0.41% |
1,100,303
-1,962,596
| -64% | -$144M |
|
74
Glaukos
GKOS
$9.49B
| $76.2M | 0.41% |
1,520,787
+194,028
| +15% | +$9.42M |
|
75
QuidelOrtho
QDEL
$1.13B
| $76.2M | 0.41% |
854,843
-281,017
| -25% | -$24.5M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.