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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
+5.88%
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
$21.5B
AUM Growth
-$647M
(-2.9%)
Cap. Flow
-$1.48B
Cap. Flow
% of AUM
-6.88%
Top 10 Holdings %
Top 10 Hldgs %
38.78%
Holding
614
New
58
Increased
200
Reduced
215
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$164M |
| 2 |
Salesforce
CRM
|
+$163M |
| 3 |
SBA Communications
SBAC
|
+$130M |
| 4 |
Boeing
BA
|
+$128M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$496M |
| 2 |
Apple
AAPL
|
+$260M |
| 3 |
Amazon
AMZN
|
+$179M |
| 4 |
Microchip Technology
MCHP
|
+$130M |
| 5 |
Crown Castle
CCI
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.61% |
| 2 | Consumer Discretionary | 16.32% |
| 3 | Healthcare | 15.75% |
| 4 | Communication Services | 12.15% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
International Paper
IP
$22.5B
| $58.7M | 0.27% |
1,161,033
-402,909
| -26% | -$22.4M |
|
77
Citigroup
C
$223B
| $58.7M | 0.27% |
869,940
-544,065
| -38% | -$40.9M |
|
78
Philip Morris
PM
$305B
| $57.9M | 0.27% |
582,406
-360,513
| -38% | -$37.5M |
|
|
CAVM
79
DELISTED
Cavium, Inc.
CAVM
| $57.4M | 0.27% |
722,623
-117,885
| -14% | -$10.3M |
|
80
Bio-Techne
TECH
$11.2B
| $56.4M | 0.26% |
1,492,564
+141,052
| +10% | +$4.98M |
|
81
QuidelOrtho
QDEL
$1.15B
| $55.8M | 0.26% |
1,077,051
+91,675
| +9% | +$4.27M |
|
82
Caterpillar
CAT
$402B
| $55.2M | 0.26% |
374,227
-280,546
| -43% | -$44.3M |
|
|
WAGE
83
DELISTED
WageWorks, Inc.
WAGE
| $54.4M | 0.25% |
1,204,093
+159,940
| +15% | +$8.74M |
|
84
Progressive
PGR
$125B
| $53.5M | 0.25% |
877,600
+17,197
| +2% | +$982K |
|
85
WisdomTree
WT
$3.01B
| $53.2M | 0.25% |
5,799,870
-1,592,184
| -22% | -$17.2M |
|
86
Paylocity
PCTY
$6.97B
| $52M | 0.24% |
1,015,327
-148,240
| -13% | -$7.34M |
|
87
Palo Alto Networks
PANW
$259B
| $50.8M | 0.24% |
1,677,660
+122,934
| +8% | +$3.42M |
|
88
Booking.com
BKNG
$145B
| $50.4M | 0.23% |
605,350
+140,925
| +30% | +$11.1M |
|
89
Blackrock
BLK
$165B
| $50M | 0.23% |
92,336
-93,629
| -50% | -$51.4M |
|
90
Wayfair
W
$12.5B
| $49.9M | 0.23% |
738,765
-149,703
| -17% | -$12.6M |
|
|
PFPT
91
DELISTED
Proofpoint, Inc.
PFPT
| $49.8M | 0.23% |
438,515
+23,256
| +6% | +$2.47M |
|
92
EPAM Systems
EPAM
$4.92B
| $48.7M | 0.23% |
425,514
+97,603
| +30% | +$11.2M |
|
|
GTT
93
DELISTED
GTT Communications, Inc.
GTT
| $47.6M | 0.22% |
839,376
-27,239
| -3% | -$1.34M |
|
94
Charter Communications
CHTR
$15.7B
| $46.3M | 0.22% |
148,800
+26,867
| +22% | +$9.45M |
|
|
CMD
95
DELISTED
Cantel Medical Corporation
CMD
| $45.3M | 0.21% |
406,246
-1,162
| -0.3% | -$130K |
|
|
EBIX
96
DELISTED
Ebix Inc
EBIX
| $45.2M | 0.21% |
607,210
-26,282
| -4% | -$2.13M |
|
97
Ollie's Bargain Outlet
OLLI
$4.04B
| $43.6M | 0.2% |
723,483
+97,427
| +16% | +$5.54M |
|
|
GOOS
98
Canada Goose Holdings
GOOS
$891M
| $43.4M | 0.2% |
1,299,565
-539,384
| -29% | -$18.1M |
|
|
VMW
99
DELISTED
VMware, Inc
VMW
| $43.3M | 0.2% |
356,823
+769
| +0.2% | +$96.8K |
|
100
Guidewire Software
GWRE
$12.4B
| $41.6M | 0.19% |
514,563
-75,060
| -13% | -$6.04M |
|
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Fred Alger Management's Q1 2018 Portfolio in Review
As of Q1 2018, Fred Alger Management held 614 positions worth $21.5B, down 2.9% from $22.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.48B in Q1 2018, closing 65 positions and reducing 215 holdings. Its most notable exit was Broadcom, an estimated $496M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Fred Alger Management opened a new position in Zayo Group Holdings, Inc. worth $33.9M.
- Fred Alger Management's largest Q1 2018 buy was Zayo Group Holdings, Inc.: 991,263 shares worth $33.9M.
- Fred Alger Management added most to Microsoft in Q1 2018, an estimated $164M increase.
- Fred Alger Management's biggest Q1 2018 reduction was Apple, cutting an estimated $260M.
- Fred Alger Management fully exited Broadcom in Q1 2018, selling an estimated $496M.
- Fred Alger Management's ten largest holdings make up 39% of its $21.5B portfolio in Q1 2018.
- Fred Alger Management opened 58 new positions and closed 65 in Q1 2018.
- Fred Alger Management's portfolio value fell 2.9% quarter-over-quarter to $21.5B.
Based on Fred Alger Management's 13F filing for Q1 2018, filed 10 May 2018.