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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Vail Resorts
MTN
$5.19B
| $87.7M | 0.41% |
402,002
-197,394
| -33% | -$48.3M |
|
|
AVLR
77
DELISTED
Avalara, Inc.
AVLR
| $86.5M | 0.4% |
1,225,099
+34,885
| +3% | +$2.87M |
|
|
PDCE
78
DELISTED
PDC Energy, Inc.
PDCE
| $86.2M | 0.4% |
1,399,809
-436,297
| -24% | -$31.6M |
|
79
Mercury Systems
MRCY
$6.2B
| $84.6M | 0.4% |
1,315,392
-96,974
| -7% | -$5.79M |
|
80
Q2 Holdings
QTWO
$3.42B
| $82.1M | 0.38% |
2,127,428
+337,403
| +19% | +$16.4M |
|
81
Crown Castle
CCI
$32.7B
| $81.2M | 0.38% |
482,109
+141,799
| +42% | +$25.8M |
|
|
CTLT
82
DELISTED
CATALENT, INC.
CTLT
| $79.9M | 0.37% |
744,283
-181,977
| -20% | -$18.5M |
|
83
Core Laboratories
CLB
$538M
| $79.7M | 0.37% |
4,024,590
-206,338
| -5% | -$5.48M |
|
84
Novanta
NOVT
$5.04B
| $77.6M | 0.36% |
639,592
-45,936
| -7% | -$5.78M |
|
|
SIVB
85
DELISTED
SVB Financial Group
SIVB
| $77.3M | 0.36% |
+195,654
| New | +$92.2M |
|
|
HSKA
86
DELISTED
Heska Corp
HSKA
| $76.8M | 0.36% |
812,600
-196,458
| -19% | -$21.2M |
|
87
Ametek
AME
$55.5B
| $76.6M | 0.36% |
697,018
-195,342
| -22% | -$23.7M |
|
88
Chegg
CHGG
$108M
| $75.9M | 0.35% |
4,042,228
-1,223,677
| -23% | -$28M |
|
89
Herc Holdings
HRI
$5.43B
| $75.7M | 0.35% |
839,633
-854,313
| -50% | -$103M |
|
90
Evolent Health
EVH
$475M
| $74.8M | 0.35% |
2,437,309
-91,563
| -4% | -$2.67M |
|
91
Monolithic Power Systems
MPWR
$65.5B
| $69.8M | 0.33% |
181,815
-133,412
| -42% | -$56.4M |
|
92
Paylocity
PCTY
$6.71B
| $69.3M | 0.32% |
397,499
-66,528
| -14% | -$12.1M |
|
93
Viper Energy
VNOM
$8.81B
| $65.1M | 0.3% |
2,439,709
-572,801
| -19% | -$17.4M |
|
94
NXP Semiconductors
NXPI
$68B
| $64.7M | 0.3% |
+436,932
| New | +$75.9M |
|
95
Ameresco
AMRC
$1.15B
| $63.5M | 0.3% |
1,394,145
-225,428
| -14% | -$12.5M |
|
96
Capri Holdings
CPRI
$1.77B
| $62.2M | 0.29% |
1,516,156
-2,702,688
| -64% | -$126M |
|
97
CareDx
CDNA
$1.92B
| $62.1M | 0.29% |
2,889,229
-605,253
| -17% | -$16.8M |
|
98
Saia
SAIA
$11.3B
| $61.2M | 0.29% |
325,599
-129,556
| -28% | -$26M |
|
99
Planet Fitness
PLNT
$4.23B
| $59.6M | 0.28% |
876,526
+69,585
| +9% | +$5.14M |
|
100
Albemarle
ALB
$13.5B
| $59.6M | 0.28% |
285,105
-106,999
| -27% | -$23.9M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.