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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ollie's Bargain Outlet
OLLI
$4.17B
| $61.1M | 0.33% |
805,637
+41,610
| +5% | +$3.13M |
|
|
77
Burlington
BURL
$23.3B
| $56.8M | 0.31% |
292,107
+287,066
| +5,695% | +$42.8M |
|
78
Veeva Systems
VEEV
$32.7B
| $56.3M | 0.3% |
292,292
-106,078
| -27% | -$20M |
|
79
BlackLine
BL
$1.87B
| $51.8M | 0.28% |
829,992
-86,698
| -9% | -$4.9M |
|
80
Rambus
RMBS
$9.49B
| $49.3M | 0.27% |
722,959
-82,672
| -10% | -$5.15M |
|
81
MoonLake Immunotherapeutics
MLTX
$1.59B
| $49M | 0.26% |
810,586
-22,365
| -3% | -$1.15M |
|
|
CHX
82
DELISTED
ChampionX
CHX
| $48.3M | 0.26% |
1,653,957
-50,517
| -3% | -$1.56M |
|
83
Equinix
EQIX
$102B
| $46.7M | 0.25% |
58,026
+55,697
| +2,391% | +$42.8M |
|
|
CBAY
84
DELISTED
Cymabay Therapeutics
CBAY
| $46.5M | 0.25% |
1,967,858
-204,451
| -9% | -$3.64M |
|
|
NVRO
85
DELISTED
NEVRO CORP.
NVRO
| $45.6M | 0.25% |
2,119,266
+1,065,454
| +101% | +$19M |
|
86
Eaton
ETN
$150B
| $45M | 0.24% |
186,728
+8,951
| +5% | +$1.98M |
|
87
Regeneron Pharmaceuticals
REGN
$72.9B
| $44.4M | 0.24% |
50,597
-12,323
| -20% | -$10.1M |
|
88
Q2 Holdings
QTWO
$3.71B
| $44.2M | 0.24% |
1,018,714
-39,950
| -4% | -$1.42M |
|
89
Sprout Social
SPT
$522M
| $44.2M | 0.24% |
719,440
+51,978
| +8% | +$2.74M |
|
90
EPAM Systems
EPAM
$5.25B
| $44.2M | 0.24% |
148,525
+147,539
| +14,963% | +$37.5M |
|
91
Spotify
SPOT
$105B
| $43.1M | 0.23% |
229,263
+204,435
| +823% | +$35.7M |
|
92
AtriCure
ATRC
$2.02B
| $41.2M | 0.22% |
1,154,058
-281,756
| -20% | -$10.5M |
|
93
Manhattan Associates
MANH
$9.95B
| $40.4M | 0.22% |
187,853
-13,200
| -7% | -$2.79M |
|
|
SWAV
94
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $40.1M | 0.22% |
210,484
-99,741
| -32% | -$18.9M |
|
|
ALTR
95
DELISTED
Altair Engineering Inc
ALTR
| $37.5M | 0.2% |
445,339
-100,457
| -18% | -$6.99M |
|
96
Immunovant
IMVT
$7.99B
| $37.3M | 0.2% |
884,872
-301,159
| -25% | -$11.1M |
|
97
Intapp
INTA
$2.36B
| $36.5M | 0.2% |
960,466
+495,283
| +106% | +$18.2M |
|
98
Shopify
SHOP
$169B
| $35.9M | 0.19% |
460,272
+235,230
| +105% | +$15M |
|
99
Micron Technology
MU
$927B
| $35.6M | 0.19% |
+417,196
| New | +$31M |
|
100
Planet Fitness
PLNT
$4.43B
| $34.6M | 0.19% |
474,521
-17,169
| -3% | -$1.06M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.