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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
Cap. Flow
-$1.39B
Cap. Flow %
-7.99%
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$275M
2
PINS icon
Pinterest
PINS
+$127M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$119M
4
HUM icon
Humana
HUM
+$61.6M
5
ADBE icon
Adobe
ADBE
+$58.6M

Top Sells

Rank Stock Value
1
LVS icon
Las Vegas Sands
LVS
+$135M
2
JPM icon
JPMorgan Chase
JPM
+$122M
3
MELI icon
Mercado Libre
MELI
+$115M
4
TDG icon
TransDigm Group
TDG
+$101M
5
GEHC icon
GE HealthCare
GEHC
+$82.6M

Sector Composition

Rank Sector Weight
1 Technology 36.55%
2 Healthcare 18.99%
3 Consumer Discretionary 11.24%
4 Communication Services 10.39%
5 Industrials 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWAV
76
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$61.8M 0.36%
310,225
-14,046
-4% -$3.32M
DDOG icon
77
Datadog
DDOG
$89.3B
$61M 0.35%
669,845
-384,033
-36% -$38M
ODFL icon
78
Old Dominion Freight Line
ODFL
$47.1B
$60.9M 0.35%
297,826
-175,506
-37% -$35.5M
CHX
79
DELISTED
ChampionX
CHX
$60.7M 0.35%
1,704,474
-493,758
-22% -$17.5M
AZN icon
80
AstraZeneca
AZN
$267B
$60.6M 0.35%
447,361
-298,149
-40% -$40.7M
MDB icon
81
MongoDB
MDB
$25B
$59.9M 0.34%
173,095
+34,125
+25% +$13M
OLLI icon
82
Ollie's Bargain Outlet
OLLI
$4.17B
$59M 0.34%
764,027
+39,693
+5% +$2.9M
NOVT icon
83
Novanta
NOVT
$5.04B
$58M 0.33%
404,161
-180,557
-31% -$29.4M
AGYS icon
84
Agilysys
AGYS
$3.12B
$55.3M 0.32%
836,486
-36,050
-4% -$2.5M
AVGO icon
85
Broadcom
AVGO
$1.81T
$53.9M 0.31%
649,190
+470,590
+263% +$40.8M
UBER icon
86
Uber
UBER
$144B
$53.2M 0.31%
1,157,381
+421,360
+57% +$19.2M
REGN icon
87
Regeneron Pharmaceuticals
REGN
$72.9B
$51.8M 0.3%
62,920
+62,836
+74,805% +$49.4M
BL icon
88
BlackLine
BL
$1.87B
$50.8M 0.29%
916,690
-94,565
-9% -$5.18M
APD icon
89
Air Products & Chemicals
APD
$65.2B
$49.9M 0.29%
176,205
+156,520
+795% +$45.9M
PWR icon
90
Quanta Services
PWR
$88.3B
$49.6M 0.28%
264,937
+44,272
+20% +$8.88M
MLTX icon
91
MoonLake Immunotherapeutics
MLTX
$1.59B
$47.5M 0.27%
832,951
+85,346
+11% +$4.71M
ORCL icon
92
Oracle
ORCL
$346B
$46.2M 0.27%
435,972
-321,224
-42% -$37.2M
TOST icon
93
Toast
TOST
$18.8B
$46.1M 0.27%
2,462,802
-1,002,734
-29% -$21.8M
IMVT icon
94
Immunovant
IMVT
$7.99B
$45.5M 0.26%
1,186,031
+1,166,929
+6,109% +$26.4M
RMBS icon
95
Rambus
RMBS
$9.49B
$44.9M 0.26%
805,631
+452,190
+128% +$25.7M
XMTR icon
96
Xometry
XMTR
$4.58B
$43.9M 0.25%
2,584,913
+832,005
+47% +$15.7M
PI icon
97
Impinj
PI
$4.05B
$43.8M 0.25%
795,973
+568,301
+250% +$38.6M
NCNO icon
98
nCino
NCNO
$2.03B
$42.6M 0.24%
1,339,050
+80,556
+6% +$2.49M
CFLT
99
DELISTED
Confluent
CFLT
$40.8M 0.23%
1,376,714
-548,389
-28% -$18.4M
GTLB icon
100
GitLab
GTLB
$5.57B
$40.1M 0.23%
887,518
-114,808
-11% -$5.5M
2 3
4
5 6

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Fred Alger Management's Q3 2023 Portfolio in Review

As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.

  • Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
  • Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
  • Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
  • Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
  • Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
  • Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
  • Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.

Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.