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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
+10.33%
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
$20.6B
AUM Growth
+$404M
Cap. Flow
-$918M
Cap. Flow %
-4.46%
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61

Top Buys

Rank Stock Value
1
APP icon
Applovin
APP
+$271M
2
CEG icon
Constellation Energy
CEG
+$108M
3
HUBS icon
HubSpot
HUBS
+$83.9M
4
AAPL icon
Apple
AAPL
+$83.5M
5
EQIX icon
Equinix
EQIX
+$56.3M

Top Sells

Rank Stock Value
1
NTRA icon
Natera
NTRA
+$130M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$107M
3
AMD icon
Advanced Micro Devices
AMD
+$94.7M
4
MBLY icon
Mobileye
MBLY
+$80.9M
5
ACHC icon
Acadia Healthcare
ACHC
+$80.2M

Sector Composition

Rank Sector Weight
1 Technology 41.24%
2 Healthcare 15.44%
3 Communication Services 13.11%
4 Consumer Discretionary 10.67%
5 Industrials 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HLNE icon
51
Hamilton Lane
HLNE
$3.73B
$85M 0.41%
687,521
+65,151
+10% +$7.62M
RBC icon
52
RBC Bearings
RBC
$19B
$84.9M 0.41%
314,570
-65,533
-17% -$17.6M
PRO
53
DELISTED
PROS Holdings
PRO
$83.6M 0.41%
2,919,116
+373,982
+15% +$11.9M
SYK icon
54
Stryker
SYK
$129B
$75.5M 0.37%
221,998
-63,180
-22% -$21.4M
GWRE icon
55
Guidewire Software
GWRE
$12B
$72.3M 0.35%
524,538
-131,010
-20% -$15.8M
TRNS icon
56
Transcat
TRNS
$803M
$70.3M 0.34%
587,359
-94,544
-14% -$11.2M
OLLI icon
57
Ollie's Bargain Outlet
OLLI
$4.11B
$67.6M 0.33%
689,082
-233,071
-25% -$18.5M
PGNY icon
58
Progyny
PGNY
$2.46B
$64M 0.31%
2,235,354
-121,119
-5% -$3.65M
ONT
59
Onterris Inc
ONT
$719M
$62.2M 0.3%
1,395,696
+208,785
+18% +$9.39M
ODFL icon
60
Old Dominion Freight Line
ODFL
$48.2B
$60.7M 0.3%
343,909
-34,874
-9% -$6.58M
TECH icon
61
Bio-Techne
TECH
$11.2B
$60M 0.29%
837,799
+19,675
+2% +$1.45M
BURL icon
62
Burlington
BURL
$22.5B
$59.9M 0.29%
249,449
-83,425
-25% -$17.2M
PWR icon
63
Quanta Services
PWR
$94.7B
$59.6M 0.29%
234,615
-58,798
-20% -$15.6M
UBER icon
64
Uber
UBER
$136B
$57M 0.28%
783,991
-979,517
-56% -$68.1M
DXCM icon
65
DexCom
DXCM
$28.5B
$56.1M 0.27%
494,644
-43,934
-8% -$5.55M
CWAN
66
DELISTED
Clearwater Analytics
CWAN
$54.7M 0.27%
2,952,634
-111,624
-4% -$2.01M
WAB icon
67
Wabtec
WAB
$51.1B
$54.3M 0.26%
343,405
-375,565
-52% -$60M
NRG icon
68
NRG Energy
NRG
$29.6B
$53.8M 0.26%
+690,633
New +$53.5M
UNH icon
69
UnitedHealth
UNH
$381B
$52.9M 0.26%
103,957
+14,880
+17% +$7.29M
QTWO icon
70
Q2 Holdings
QTWO
$3.51B
$52.8M 0.26%
875,403
-138,484
-14% -$7.96M
SITE icon
71
SiteOne Landscape Supply
SITE
$4.52B
$52.6M 0.26%
432,944
-112,173
-21% -$17M
SRPT icon
72
Sarepta Therapeutics
SRPT
$1.74B
$50.3M 0.24%
318,252
+60,686
+24% +$7.8M
TSLA icon
73
Tesla
TSLA
$1.24T
$50M 0.24%
252,717
-304,818
-55% -$53.3M
ETN icon
74
Eaton
ETN
$157B
$49.5M 0.24%
157,891
-1,022
-0.6% -$330K
C icon
75
Citigroup
C
$226B
$48.7M 0.24%
766,698
-327,241
-30% -$20.2M
1 2
3
4 5

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Fred Alger Management's Q2 2024 Portfolio in Review

As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.

  • Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
  • Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
  • Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
  • Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
  • Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
  • Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.