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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
+10.33%
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
$20.6B
AUM Growth
+$404M
Cap. Flow
-$918M
Cap. Flow %
-4.46%
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61

Top Buys

Rank Stock Value
1
APP icon
Applovin
APP
+$271M
2
CEG icon
Constellation Energy
CEG
+$108M
3
HUBS icon
HubSpot
HUBS
+$83.9M
4
AAPL icon
Apple
AAPL
+$83.5M
5
EQIX icon
Equinix
EQIX
+$56.3M

Top Sells

Rank Stock Value
1
NTRA icon
Natera
NTRA
+$130M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$107M
3
AMD icon
Advanced Micro Devices
AMD
+$94.7M
4
MBLY icon
Mobileye
MBLY
+$80.9M
5
ACHC icon
Acadia Healthcare
ACHC
+$80.2M

Sector Composition

Rank Sector Weight
1 Technology 41.24%
2 Healthcare 15.44%
3 Communication Services 13.11%
4 Consumer Discretionary 10.67%
5 Industrials 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALTR
76
DELISTED
Altair Engineering Inc
ALTR
$45.8M 0.22%
467,469
+2,957
+0.6% +$260K
FCX icon
77
Freeport-McMoran
FCX
$88.8B
$45.3M 0.22%
+932,645
New +$47M
TTD icon
78
Trade Desk
TTD
$8.39B
$45.2M 0.22%
462,579
+241,234
+109% +$21.8M
ONON icon
79
On Holding
ONON
$12.4B
$44.7M 0.22%
1,152,941
+213,815
+23% +$7.81M
WMT icon
80
Walmart Inc
WMT
$893B
$44.1M 0.21%
650,876
-179,444
-22% -$11.3M
ACAD icon
81
Acadia Pharmaceuticals
ACAD
$4.31B
$43.9M 0.21%
2,704,439
+446,875
+20% +$7.21M
NUVL
82
DELISTED
Nuvalent
NUVL
$43.9M 0.21%
578,130
+33,758
+6% +$2.4M
GTES icon
83
Gates Industrial Corporation Ltd.
GTES
$6.67B
$42.1M 0.2%
2,665,632
+1,627,482
+157% +$27.6M
ASND icon
84
Ascendis Pharma A/S
ASND
$16.7B
$41.9M 0.2%
307,073
+120,952
+65% +$16.5M
CCJ icon
85
Cameco
CCJ
$38.7B
$41.4M 0.2%
841,182
+433,234
+106% +$22M
SHOP icon
86
Shopify
SHOP
$160B
$40.3M 0.2%
610,839
+447,656
+274% +$29.7M
RGEN icon
87
Repligen
RGEN
$7.47B
$38.8M 0.19%
307,723
-118,569
-28% -$18.6M
MANH icon
88
Manhattan Associates
MANH
$9.51B
$38.7M 0.19%
156,799
-9,581
-6% -$2.17M
TREX icon
89
Trex
TREX
$4.6B
$37.8M 0.18%
509,913
+86,559
+20% +$7.57M
AIR icon
90
AAR Corp
AIR
$5.3B
$37.3M 0.18%
513,720
-8,931
-2% -$606K
DELL icon
91
Dell
DELL
$269B
$37.1M 0.18%
269,224
+211,754
+368% +$28.4M
MOD icon
92
Modine Manufacturing
MOD
$12.1B
$37.1M 0.18%
369,840
+17,889
+5% +$1.72M
RXO icon
93
RXO
RXO
$3.89B
$34.7M 0.17%
1,327,292
-49,916
-4% -$1.04M
BLFS icon
94
BioLife Solutions
BLFS
$1.47B
$33.8M 0.16%
1,579,138
+88,840
+6% +$1.72M
NEOG icon
95
Neogen
NEOG
$2.05B
$33.4M 0.16%
2,137,317
+1,804,550
+542% +$25.1M
INSM icon
96
Insmed
INSM
$23.1B
$33.4M 0.16%
+498,572
New +$19.3M
TWST icon
97
Twist Bioscience
TWST
$5.51B
$32.3M 0.16%
654,877
+575,080
+721% +$23.5M
VKTX icon
98
Viking Therapeutics
VKTX
$4.05B
$30.1M 0.15%
567,284
+100,068
+21% +$6.56M
ELF icon
99
e.l.f. Beauty
ELF
$4.72B
$30M 0.15%
142,248
+186
+0.1% +$33.1K
GOOGL icon
100
Alphabet (Google) Class A
GOOGL
$3.98T
$29.9M 0.15%
164,285
+18,462
+13% +$3.11M
2 3
4
5 6

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Fred Alger Management's Q2 2024 Portfolio in Review

As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.

  • Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
  • Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
  • Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
  • Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
  • Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
  • Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.