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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HEI icon
51
HEICO Corp
HEI
$49.5B
$90.8M 0.45%
475,496
-95,654
-17% -$17.8M
PGNY icon
52
Progyny
PGNY
$2.46B
$89.9M 0.45%
2,356,473
-693,733
-23% -$26.2M
NOW icon
53
ServiceNow
NOW
$118B
$88M 0.44%
577,275
-539,485
-48% -$81.7M
SPOT icon
54
Spotify
SPOT
$105B
$87.7M 0.43%
332,375
+103,112
+45% +$24.2M
ODFL icon
55
Old Dominion Freight Line
ODFL
$46B
$83.1M 0.41%
378,783
-45,007
-11% -$9.39M
MDB icon
56
MongoDB
MDB
$25.7B
$81.1M 0.4%
226,254
+19,827
+10% +$8.1M
RGEN icon
57
Repligen
RGEN
$7.07B
$78.4M 0.39%
426,292
-2,192
-0.5% -$417K
AGYS icon
58
Agilysys
AGYS
$3.18B
$77.5M 0.38%
920,160
+173,583
+23% +$14M
BURL icon
59
Burlington
BURL
$23.4B
$77.3M 0.38%
332,874
+40,767
+14% +$8.32M
GWRE icon
60
Guidewire Software
GWRE
$13.8B
$76.5M 0.38%
655,548
-49,064
-7% -$5.61M
PWR icon
61
Quanta Services
PWR
$85.4B
$76.2M 0.38%
293,413
-17,349
-6% -$3.84M
TRNS icon
62
Transcat
TRNS
$762M
$76M 0.38%
681,903
-22,465
-3% -$2.38M
DXCM icon
63
DexCom
DXCM
$29.1B
$74.7M 0.37%
538,578
-479,869
-47% -$60.3M
OLLI icon
64
Ollie's Bargain Outlet
OLLI
$4.27B
$73.4M 0.36%
922,153
+116,516
+14% +$8.8M
HLNE icon
65
Hamilton Lane
HLNE
$3.86B
$70.2M 0.35%
622,370
-89,819
-13% -$10.1M
C icon
66
Citigroup
C
$217B
$69.2M 0.34%
+1,093,939
New +$60.9M
SWAV
67
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$67.4M 0.33%
207,005
-3,479
-2% -$854K
RH icon
68
RH
RH
$3.26B
$64.7M 0.32%
185,718
+122,552
+194% +$33.4M
INTU icon
69
Intuit
INTU
$90.2B
$62.7M 0.31%
96,407
-23,277
-19% -$14.9M
PI icon
70
Impinj
PI
$4.03B
$60.6M 0.3%
471,721
-292,744
-38% -$30.7M
EQIX icon
71
Equinix
EQIX
$99.3B
$57.8M 0.29%
69,979
+11,953
+21% +$10.1M
TECH icon
72
Bio-Techne
TECH
$11.2B
$57.6M 0.29%
818,124
-113,972
-12% -$8.16M
CHX
73
DELISTED
ChampionX
CHX
$57.6M 0.29%
1,603,828
-50,129
-3% -$1.5M
SNOW icon
74
Snowflake
SNOW
$97.7B
$56M 0.28%
346,320
+242,566
+234% +$47M
SHAK icon
75
Shake Shack
SHAK
$2.51B
$55.6M 0.28%
534,136
+141,941
+36% +$12.4M
1 2
3
4 5

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.