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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
AppFolio
APPF
$6.31B
| $91.5M | 0.49% |
528,389
-43,618
| -8% | -$8.17M |
|
52
SiteOne Landscape Supply
SITE
$4.58B
| $89.2M | 0.48% |
548,897
-80,981
| -13% | -$11.8M |
|
53
Vertex Pharmaceuticals
VRTX
$124B
| $86.9M | 0.47% |
213,507
-3,646
| -2% | -$1.35M |
|
54
Old Dominion Freight Line
ODFL
$47.1B
| $85.9M | 0.46% |
423,790
+125,964
| +42% | +$25M |
|
55
CME Group
CME
$93.5B
| $84.8M | 0.46% |
402,423
-38,134
| -9% | -$8.14M |
|
56
MongoDB
MDB
$25B
| $84.4M | 0.46% |
206,427
+33,332
| +19% | +$12.6M |
|
57
Inspire Medical Systems
INSP
$1.5B
| $82.6M | 0.45% |
405,907
+445
| +0.1% | +$72.1K |
|
58
Hamilton Lane
HLNE
$3.91B
| $80.8M | 0.44% |
712,189
-42,656
| -6% | -$4.03M |
|
59
SLB Ltd
SLB
$74.2B
| $79M | 0.43% |
1,518,342
-1,185,328
| -44% | -$64.4M |
|
60
Repligen
RGEN
$8.2B
| $77M | 0.42% |
428,484
-56,238
| -12% | -$8.75M |
|
61
Transcat
TRNS
$804M
| $77M | 0.42% |
704,368
+49,388
| +8% | +$4.75M |
|
62
Guidewire Software
GWRE
$13.3B
| $76.8M | 0.41% |
704,612
-121,794
| -15% | -$11.6M |
|
63
Humana
HUM
$46.7B
| $76.8M | 0.41% |
167,666
+6,086
| +4% | +$3M |
|
64
StepStone Group
STEP
$3.65B
| $76.5M | 0.41% |
2,404,594
-419,172
| -15% | -$11.8M |
|
65
Cabaletta Bio
CABA
$445M
| $75.5M | 0.41% |
3,327,132
-932,323
| -22% | -$15.7M |
|
66
Intuit
INTU
$85.6B
| $74.8M | 0.4% |
119,684
-33,187
| -22% | -$18.3M |
|
67
Xometry
XMTR
$4.58B
| $74.7M | 0.4% |
2,081,030
-503,883
| -19% | -$10.8M |
|
68
Bio-Techne
TECH
$11.2B
| $71.9M | 0.39% |
932,096
-23,982
| -3% | -$1.58M |
|
69
Impinj
PI
$4.05B
| $68.8M | 0.37% |
764,465
-31,508
| -4% | -$2.26M |
|
70
Cheniere Energy
LNG
$52.8B
| $67.7M | 0.37% |
396,402
-6,226
| -2% | -$1.07M |
|
71
Quanta Services
PWR
$88.3B
| $67.1M | 0.36% |
310,762
+45,825
| +17% | +$8.47M |
|
72
DraftKings
DKNG
$12.2B
| $65.7M | 0.35% |
1,864,953
-914,216
| -33% | -$30.6M |
|
73
Danaher
DHR
$140B
| $63.7M | 0.34% |
275,374
-305,997
| -53% | -$65.1M |
|
74
Agilysys
AGYS
$3.12B
| $63.3M | 0.34% |
746,577
-89,909
| -11% | -$7.3M |
|
|
CWAN
75
DELISTED
Clearwater Analytics
CWAN
| $62.5M | 0.34% |
3,122,149
-323,279
| -9% | -$6.37M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.