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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RXO icon
76
RXO
RXO
$3.73B
$49M 0.24%
1,751,114
+423,822
+32% +$12M
ACAD icon
77
Acadia Pharmaceuticals
ACAD
$4.45B
$49M 0.24%
3,186,389
+481,950
+18% +$8.04M
NCNO icon
78
nCino
NCNO
$2.03B
$47.5M 0.23%
1,503,549
+732,441
+95% +$23.2M
CDNA icon
79
CareDx
CDNA
$1.85B
$46.9M 0.23%
1,503,521
+353,919
+31% +$8.81M
PRO
80
DELISTED
PROS Holdings
PRO
$46.7M 0.23%
2,522,502
-396,614
-14% -$8.38M
MOD icon
81
Modine Manufacturing
MOD
$11B
$46.4M 0.23%
349,562
-20,278
-5% -$2.24M
APPF icon
82
AppFolio
APPF
$6.31B
$43.5M 0.21%
184,826
-174,057
-48% -$40.7M
ODFL icon
83
Old Dominion Freight Line
ODFL
$47.1B
$42.9M 0.21%
215,919
-127,990
-37% -$24.9M
TRNS icon
84
Transcat
TRNS
$804M
$42.2M 0.2%
349,167
-238,192
-41% -$29.6M
WAB icon
85
Wabtec
WAB
$51.7B
$41.3M 0.2%
227,453
-115,952
-34% -$19M
KRUS icon
86
Kura Sushi USA
KRUS
$583M
$40.7M 0.2%
505,600
+99,515
+25% +$6.32M
UBER icon
87
Uber
UBER
$144B
$39.8M 0.19%
530,018
-253,973
-32% -$17.9M
BLFS icon
88
BioLife Solutions
BLFS
$1.56B
$39.5M 0.19%
1,577,947
-1,191
-0.1% -$28.1K
ASND icon
89
Ascendis Pharma A/S
ASND
$16.7B
$38.6M 0.19%
258,210
-48,863
-16% -$6.6M
ALTR
90
DELISTED
Altair Engineering Inc
ALTR
$36.5M 0.18%
381,760
-85,709
-18% -$7.78M
ONON icon
91
On Holding
ONON
$12.6B
$36.2M 0.18%
722,665
-430,276
-37% -$18.5M
SRPT icon
92
Sarepta Therapeutics
SRPT
$1.63B
$35.8M 0.17%
286,879
-31,373
-10% -$4.34M
FERG icon
93
Ferguson
FERG
$45B
$35.5M 0.17%
178,549
+90,688
+103% +$18.4M
TWST icon
94
Twist Bioscience
TWST
$5.51B
$34.7M 0.17%
767,149
+112,272
+17% +$5.34M
NOVT icon
95
Novanta
NOVT
$5.04B
$33.7M 0.16%
188,547
+39,308
+26% +$6.83M
FTAI icon
96
FTAI Aviation
FTAI
$21.8B
$33.7M 0.16%
253,585
+65,298
+35% +$7.4M
MLTX icon
97
MoonLake Immunotherapeutics
MLTX
$1.59B
$33.6M 0.16%
666,574
+7,545
+1% +$354K
XMTR icon
98
Xometry
XMTR
$4.58B
$33.4M 0.16%
1,815,696
+312,971
+21% +$5.14M
AIR icon
99
AAR Corp
AIR
$5.62B
$33.2M 0.16%
508,242
-5,478
-1% -$362K
INSM icon
100
Insmed
INSM
$22.6B
$33M 0.16%
452,316
-46,256
-9% -$3.41M
2 3
4
5 6

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.