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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Insulet
PODD
$11.6B
| $76.3M | 0.39% |
264,567
-112,335
| -30% | -$34.1M |
|
77
Arista Networks
ANET
$211B
| $76M | 0.39% |
1,875,068
-273,184
| -13% | -$10.6M |
|
|
78
Intuit
INTU
$83.7B
| $75.7M | 0.39% |
165,239
-428,047
| -72% | -$187M |
|
79
AtriCure
ATRC
$1.85B
| $72.3M | 0.37% |
1,465,378
-45,926
| -3% | -$2.12M |
|
80
Vertex Pharmaceuticals
VRTX
$123B
| $71.3M | 0.36% |
202,677
+32,509
| +19% | +$11M |
|
|
CHX
81
DELISTED
ChampionX
CHX
| $68.2M | 0.35% |
2,198,232
-287,143
| -12% | -$7.91M |
|
|
CFLT
82
DELISTED
Confluent
CFLT
| $68M | 0.35% |
+1,925,103
| New | +$53.9M |
|
83
Eli Lilly
LLY
$1.07T
| $67.5M | 0.34% |
143,965
+55,441
| +63% | +$23.3M |
|
|
CWAN
84
DELISTED
Clearwater Analytics
CWAN
| $66.9M | 0.34% |
4,214,449
-37,453
| -0.9% | -$591K |
|
85
Transcat
TRNS
$785M
| $65.7M | 0.34% |
770,101
+42,876
| +6% | +$3.65M |
|
86
MGM Resorts International
MGM
$11.8B
| $65.4M | 0.33% |
1,488,339
-548,136
| -27% | -$23.4M |
|
87
Core Laboratories
CLB
$527M
| $63.4M | 0.32% |
2,728,746
-853,758
| -24% | -$19.3M |
|
88
Bruker
BRKR
$9.25B
| $63.2M | 0.32% |
855,604
-169,170
| -17% | -$12.9M |
|
89
StepStone Group
STEP
$3.63B
| $62.9M | 0.32% |
2,534,383
+40,795
| +2% | +$937K |
|
90
First Solar
FSLR
$21.7B
| $62M | 0.32% |
326,192
-139,297
| -30% | -$27.6M |
|
91
Hamilton Lane
HLNE
$3.8B
| $61.9M | 0.32% |
773,688
-216,054
| -22% | -$15.5M |
|
92
QuidelOrtho
QDEL
$1.14B
| $60.9M | 0.31% |
734,897
-119,946
| -14% | -$10.5M |
|
93
Agilysys
AGYS
$2.93B
| $59.9M | 0.31% |
872,536
-43,966
| -5% | -$3.31M |
|
94
Cabaletta Bio
CABA
$435M
| $59M | 0.3% |
4,572,886
+557,576
| +14% | +$6.05M |
|
95
Eaton
ETN
$152B
| $57.7M | 0.29% |
286,943
-332,538
| -54% | -$58.5M |
|
96
Live Nation Entertainment
LYV
$41.8B
| $57.7M | 0.29% |
633,234
-467,069
| -42% | -$36.5M |
|
97
MongoDB
MDB
$24.9B
| $57.1M | 0.29% |
138,970
+119,656
| +620% | +$34.9M |
|
98
Cheniere Energy
LNG
$54.4B
| $55.4M | 0.28% |
363,852
-51,555
| -12% | -$7.63M |
|
99
BlackLine
BL
$1.79B
| $54.4M | 0.28% |
1,011,255
-145,150
| -13% | -$8.06M |
|
100
Acadia Pharmaceuticals
ACAD
$4.32B
| $53.7M | 0.27% |
2,241,065
+515,439
| +30% | +$11.5M |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.