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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RBC icon
51
RBC Bearings
RBC
$18.2B
$79.3M 0.38%
264,791
-49,779
-16% -$14.3M
MLM icon
52
Martin Marietta Materials
MLM
$35B
$77.9M 0.38%
144,739
-59,241
-29% -$32M
NRG icon
53
NRG Energy
NRG
$26.9B
$77.8M 0.38%
854,463
+163,830
+24% +$13M
PWR icon
54
Quanta Services
PWR
$88.3B
$76.9M 0.37%
257,806
+23,191
+10% +$6.13M
OLLI icon
55
Ollie's Bargain Outlet
OLLI
$4.17B
$75.1M 0.36%
772,145
+83,063
+12% +$8.01M
NOW icon
56
ServiceNow
NOW
$114B
$74.7M 0.36%
417,600
-370,130
-47% -$60.9M
DELL icon
57
Dell
DELL
$253B
$71.8M 0.35%
605,332
+336,108
+125% +$39.2M
TLN
58
Talen Energy Corp
TLN
$15.6B
$67.3M 0.33%
+377,490
New +$53.2M
NEOG icon
59
Neogen
NEOG
$2B
$67M 0.32%
3,986,744
+1,849,427
+87% +$30.4M
BURL icon
60
Burlington
BURL
$23.3B
$66.1M 0.32%
250,891
+1,442
+0.6% +$373K
QTWO icon
61
Q2 Holdings
QTWO
$3.71B
$66.1M 0.32%
828,138
-47,265
-5% -$3.34M
MU icon
62
Micron Technology
MU
$927B
$65M 0.32%
626,786
-880,086
-58% -$92M
NUVL
63
DELISTED
Nuvalent
NUVL
$64.2M 0.31%
627,742
+49,612
+9% +$4.12M
BNTX icon
64
BioNTech
BNTX
$23.4B
$59.5M 0.29%
+500,844
New +$46M
MRVL icon
65
Marvell Technology
MRVL
$157B
$59.4M 0.29%
824,256
-2,165,852
-72% -$150M
RGEN icon
66
Repligen
RGEN
$8.2B
$59.3M 0.29%
398,554
+90,831
+30% +$13M
SITE icon
67
SiteOne Landscape Supply
SITE
$4.58B
$59.2M 0.29%
392,307
-40,637
-9% -$5.57M
GLBE icon
68
Global E Online
GLBE
$6.53B
$53.5M 0.26%
+1,391,602
New +$49M
CWAN
69
DELISTED
Clearwater Analytics
CWAN
$53.3M 0.26%
2,112,142
-840,492
-28% -$18.9M
TECH icon
70
Bio-Techne
TECH
$11.2B
$52.1M 0.25%
651,399
-186,400
-22% -$14M
BLDR icon
71
Builders FirstSource
BLDR
$7.93B
$51.5M 0.25%
+265,740
New +$44.1M
UPST icon
72
Upstart Holdings
UPST
$2.66B
$49.9M 0.24%
1,246,839
+754,416
+153% +$25.1M
SE icon
73
Sea Limited
SE
$65.8B
$49.7M 0.24%
+527,641
New +$39.8M
GTES icon
74
Gates Industrial Corporation Ltd.
GTES
$6.69B
$49.6M 0.24%
2,827,082
+161,450
+6% +$2.75M
ONT
75
Onterris Inc
ONT
$740M
$49.1M 0.24%
1,866,402
+470,706
+34% +$15.2M
1 2
3
4 5

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.