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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELH icon
76
Celsius Holdings
CELH
$7.46B
$54.6M 0.27%
658,429
+87,934
+15% +$6.03M
CWAN
77
DELISTED
Clearwater Analytics
CWAN
$54.2M 0.27%
3,064,258
-57,891
-2% -$1.08M
QTWO icon
78
Q2 Holdings
QTWO
$3.84B
$53.3M 0.26%
1,013,887
-4,827
-0.5% -$218K
CABA icon
79
Cabaletta Bio
CABA
$434M
$53.1M 0.26%
3,110,314
-216,818
-7% -$4.65M
TNDM icon
80
Tandem Diabetes Care
TNDM
$1.25B
$53M 0.26%
1,497,071
+1,194,292
+394% +$32M
WMT icon
81
Walmart Inc
WMT
$908B
$50M 0.25%
830,320
+762,478
+1,124% +$43.6M
ETN icon
82
Eaton
ETN
$141B
$49.7M 0.25%
158,913
-27,815
-15% -$7.6M
KRUS icon
83
Kura Sushi USA
KRUS
$587M
$49.7M 0.25%
431,294
+69,578
+19% +$6.75M
INSP icon
84
Inspire Medical Systems
INSP
$1.47B
$47.8M 0.24%
222,560
-183,347
-45% -$35.9M
ONT
85
Onterris Inc
ONT
$731M
$46.5M 0.23%
1,186,911
+232,553
+24% +$7.79M
REGN icon
86
Regeneron Pharmaceuticals
REGN
$73.1B
$46.2M 0.23%
48,001
-2,596
-5% -$2.47M
RMBS icon
87
Rambus
RMBS
$9.27B
$44.5M 0.22%
719,773
-3,186
-0.4% -$202K
UNH icon
88
UnitedHealth
UNH
$383B
$44.1M 0.22%
89,077
-274,368
-75% -$139M
MSTR icon
89
Strategy Inc
MSTR
$35.5B
$43.3M 0.21%
+253,810
New +$23.1M
SPT icon
90
Sprout Social
SPT
$539M
$43M 0.21%
719,810
+370
+0.1% +$22.5K
INTA icon
91
Intapp
INTA
$2.48B
$42.4M 0.21%
1,236,543
+276,077
+29% +$10.8M
TREX icon
92
Trex
TREX
$4.43B
$42.2M 0.21%
423,354
+48,948
+13% +$4.36M
ABSI icon
93
Absci
ABSI
$1.16B
$42.1M 0.21%
+7,407,809
New +$33.4M
ACAD icon
94
Acadia Pharmaceuticals
ACAD
$4.51B
$41.7M 0.21%
2,257,564
-919,211
-29% -$22.8M
MANH icon
95
Manhattan Associates
MANH
$12.2B
$41.6M 0.21%
166,380
-21,473
-11% -$5.11M
IMVT icon
96
Immunovant
IMVT
$7.92B
$41.1M 0.2%
1,271,762
+386,890
+44% +$14.1M
NUVL
97
DELISTED
Nuvalent
NUVL
$40.9M 0.2%
544,372
+222,420
+69% +$17.7M
AMGN icon
98
Amgen
AMGN
$210B
$40.5M 0.2%
142,601
-286,906
-67% -$84M
ALTR
99
DELISTED
Altair Engineering Inc
ALTR
$40M 0.2%
464,512
+19,173
+4% +$1.63M
VKTX icon
100
Viking Therapeutics
VKTX
$3.86B
$38.3M 0.19%
+467,216
New +$20.8M
2 3
4
5 6

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.