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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
+0.07%
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
$18.4B
AUM Growth
-$1.1B
(-5.7%)
Cap. Flow
-$780M
Cap. Flow
% of AUM
-4.25%
Top 10 Holdings %
Top 10 Hldgs %
40.19%
Holding
562
New
65
Increased
161
Reduced
196
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$162M |
| 2 |
Incyte
INCY
|
+$120M |
| 3 |
Danaher
DHR
|
+$112M |
| 4 |
Autodesk
ADSK
|
+$95M |
| 5 |
Bank of America
BAC
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$245M |
| 2 |
Apple
AAPL
|
+$178M |
| 3 |
ASML
ASML
|
+$125M |
| 4 |
Altria Group
MO
|
+$119M |
| 5 |
AGN
Allergan plc
AGN
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.48% |
| 2 | Communication Services | 18.39% |
| 3 | Healthcare | 16.44% |
| 4 | Consumer Discretionary | 11.83% |
| 5 | Industrials | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
Thermo Fisher Scientific
TMO
$211B
| $51M | 0.28% |
361,758
-1,659,962
| -82% | -$245M |
|
77
TJX Companies
TJX
$170B
| $49.6M | 0.27% |
1,321,520
+55,604
| +4% | +$2.1M |
|
|
MDSO
78
DELISTED
Medidata Solutions, Inc.
MDSO
| $49.1M | 0.27% |
988,781
+373,763
| +61% | +$19.4M |
|
79
Sabre
SABR
$656M
| $47.7M | 0.26% |
1,912,944
-389,422
| -17% | -$9.99M |
|
80
Bio-Techne
TECH
$11.2B
| $47.2M | 0.26% |
1,836,916
+169,932
| +10% | +$4.46M |
|
81
Nike
NKE
$61.9B
| $46M | 0.25% |
905,898
+823,113
| +994% | +$42.2M |
|
|
EVHC
82
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $45.3M | 0.25% |
+716,309
| New | +$46.8M |
|
83
Performance Food Group
PFGC
$17.5B
| $44.8M | 0.24% |
1,867,999
+1,319,193
| +240% | +$31.3M |
|
|
ATVI
84
DELISTED
Activision Blizzard
ATVI
| $43.1M | 0.23% |
1,194,199
-2,144,925
| -64% | -$85.8M |
|
85
Gilead Sciences
GILD
$161B
| $42.3M | 0.23% |
590,232
-454,180
| -43% | -$33.8M |
|
86
WisdomTree
WT
$2.97B
| $41.6M | 0.23% |
3,734,088
+472,723
| +14% | +$4.93M |
|
87
Ball Corp
BALL
$17B
| $41.3M | 0.22% |
1,100,162
+438,182
| +66% | +$16.9M |
|
|
LVLT
88
DELISTED
Level 3 Communications Inc
LVLT
| $41M | 0.22% |
727,442
+75,616
| +12% | +$3.99M |
|
89
Lamar Advertising Co
LAMR
$16.2B
| $40.7M | 0.22% |
605,915
+219,883
| +57% | +$14.3M |
|
90
Sherwin-Williams
SHW
$78.3B
| $37.6M | 0.2% |
419,499
-68,652
| -14% | -$6.07M |
|
91
United Rentals
URI
$71.1B
| $37.2M | 0.2% |
+352,691
| New | +$32.1M |
|
92
Shake Shack
SHAK
$2.3B
| $37M | 0.2% |
1,035,012
+49,941
| +5% | +$1.75M |
|
|
GRUB
93
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $36.7M | 0.2% |
488,249
-79,481
| -14% | -$6.13M |
|
94
JPMorgan Chase
JPM
$939B
| $34.4M | 0.19% |
398,423
+292,848
| +277% | +$22.3M |
|
|
CAVM
95
DELISTED
Cavium, Inc.
CAVM
| $32.9M | 0.18% |
527,131
+71,873
| +16% | +$4.15M |
|
|
PF
96
DELISTED
Pinnacle Foods, Inc.
PF
| $32.8M | 0.18% |
614,260
+169,206
| +38% | +$8.58M |
|
97
Netflix
NFLX
$292B
| $32.7M | 0.18% |
2,639,670
+1,221,340
| +86% | +$14.5M |
|
98
Veeva Systems
VEEV
$30.3B
| $32.6M | 0.18% |
799,999
+106,782
| +15% | +$4.36M |
|
99
MarketAxess Holdings
MKTX
$4.15B
| $31.2M | 0.17% |
212,506
+72,110
| +51% | +$11.5M |
|
|
CMD
100
DELISTED
Cantel Medical Corporation
CMD
| $29.1M | 0.16% |
369,425
+9,126
| +3% | +$709K |
|
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Fred Alger Management's Q4 2016 Portfolio in Review
As of Q4 2016, Fred Alger Management held 562 positions worth $18.4B, down 5.7% from $19.5B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Fred Alger Management withdrew a net $780M in Q4 2016, closing 78 positions and reducing 196 holdings. Its most notable exit was Norwegian Cruise Line, an estimated $89.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Fred Alger Management opened a new position in Autodesk worth $95.4M.
- Fred Alger Management's largest Q4 2016 buy was Autodesk: 1,289,679 shares worth $95.4M.
- Fred Alger Management added most to Intercontinental Exchange in Q4 2016, an estimated $162M increase.
- Fred Alger Management's biggest Q4 2016 reduction was Thermo Fisher Scientific, cutting an estimated $245M.
- Fred Alger Management fully exited Norwegian Cruise Line in Q4 2016, selling an estimated $89.1M.
- Fred Alger Management's ten largest holdings make up 40% of its $18.4B portfolio in Q4 2016.
- Fred Alger Management opened 65 new positions and closed 78 in Q4 2016.
- Fred Alger Management's portfolio value fell 5.7% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2016, filed 14 Feb 2017.