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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Vertex
VERX
$2.16B
| $75.8M | 0.41% |
3,661,812
-88,300
| -2% | -$1.36M |
|
77
Agilysys
AGYS
$3.21B
| $75.6M | 0.4% |
916,502
+352,559
| +63% | +$28.5M |
|
78
Biogen
BIIB
$30.9B
| $74.9M | 0.4% |
269,438
-62,627
| -19% | -$17.3M |
|
|
EVBG
79
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $73.6M | 0.39% |
2,122,198
+223,680
| +12% | +$7.15M |
|
80
Hamilton Lane
HLNE
$3.88B
| $73.2M | 0.39% |
989,742
-60,081
| -6% | -$4.44M |
|
81
Flywire
FLYW
$2.04B
| $72.1M | 0.39% |
2,456,799
+2,000,717
| +439% | +$52.7M |
|
82
Progressive
PGR
$128B
| $71.3M | 0.38% |
498,589
+326,873
| +190% | +$45.1M |
|
83
Mercury Systems
MRCY
$5.41B
| $68.8M | 0.37% |
1,345,333
+64,009
| +5% | +$3.23M |
|
84
DexCom
DXCM
$29B
| $68.6M | 0.37% |
590,752
+365,035
| +162% | +$40.9M |
|
85
EOG Resources
EOG
$77.7B
| $68M | 0.36% |
593,179
-54,127
| -8% | -$6.56M |
|
|
CWAN
86
DELISTED
Clearwater Analytics
CWAN
| $67.9M | 0.36% |
4,251,902
-330,920
| -7% | -$5.79M |
|
|
CHX
87
DELISTED
ChampionX
CHX
| $67.4M | 0.36% |
2,485,375
-176,754
| -7% | -$5.28M |
|
88
Old Dominion Freight Line
ODFL
$46.3B
| $67.1M | 0.36% |
393,766
-93,068
| -19% | -$15.6M |
|
|
SWAV
89
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $67M | 0.36% |
309,165
-106,644
| -26% | -$20.8M |
|
90
Oracle
ORCL
$339B
| $66.8M | 0.36% |
719,425
+61,315
| +9% | +$5.38M |
|
91
Uber
UBER
$145B
| $66.8M | 0.36% |
2,106,300
+83,069
| +4% | +$2.63M |
|
92
Cheniere Energy
LNG
$54.2B
| $65.5M | 0.35% |
415,407
-106,048
| -20% | -$16M |
|
93
Transcat
TRNS
$760M
| $65M | 0.35% |
727,225
+41,563
| +6% | +$3.54M |
|
94
Workday
WDAY
$41.5B
| $64.8M | 0.35% |
313,626
+311,286
| +13,303% | +$56.6M |
|
|
95
McKesson
MCK
$104B
| $63.6M | 0.34% |
178,625
-425,746
| -70% | -$154M |
|
96
TJX Companies
TJX
$179B
| $63.3M | 0.34% |
807,689
+15,001
| +2% | +$1.18M |
|
97
AtriCure
ATRC
$2.08B
| $62.6M | 0.34% |
1,511,304
-244,094
| -14% | -$10.1M |
|
98
AppFolio
APPF
$6.62B
| $60.8M | 0.33% |
488,528
-8,636
| -2% | -$1.04M |
|
99
StepStone Group
STEP
$3.54B
| $60.5M | 0.32% |
2,493,588
-275,218
| -10% | -$7.52M |
|
100
Sprout Social
SPT
$530M
| $60.5M | 0.32% |
993,271
-183,468
| -16% | -$11.2M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.