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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
+6.54%
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
$39.9B
AUM Growth
-$2.02B
(-4.8%)
Cap. Flow
-$2.29B
Cap. Flow
% of AUM
-5.73%
Top 10 Holdings %
Top 10 Hldgs %
26.92%
Holding
574
New
62
Increased
186
Reduced
225
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marqeta
MQ
|
+$308M |
| 2 |
Micron Technology
MU
|
+$247M |
| 3 |
Shopify
SHOP
|
+$246M |
| 4 |
AbbVie
ABBV
|
+$209M |
| 5 |
Unity
U
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$532M |
| 2 |
Upstart Holdings
UPST
|
+$307M |
| 3 |
Adobe
ADBE
|
+$301M |
| 4 |
Paylocity
PCTY
|
+$242M |
| 5 |
Tesla
TSLA
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.72% |
| 2 | Healthcare | 19.41% |
| 3 | Consumer Discretionary | 15.01% |
| 4 | Industrials | 10.39% |
| 5 | Communication Services | 6.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
101
Paylocity
PCTY
$7.43B
| $123M | 0.31% |
522,935
-912,508
| -64% | -$242M |
|
|
CFLT
102
DELISTED
Confluent
CFLT
| $119M | 0.3% |
+1,562,695
| New | +$113M |
|
103
Union Pacific
UNP
$175B
| $119M | 0.3% |
472,742
-74,158
| -14% | -$17.6M |
|
|
APR
104
DELISTED
Apria, Inc. Common Stock
APR
| $109M | 0.27% |
3,329,125
+416,941
| +14% | +$13.5M |
|
105
Ameresco
AMRC
$1.04B
| $105M | 0.26% |
1,293,640
+637,905
| +97% | +$51M |
|
106
Edwards Lifesciences
EW
$48.2B
| $104M | 0.26% |
800,391
+733,840
| +1,103% | +$85.6M |
|
107
Novanta
NOVT
$5.04B
| $102M | 0.26% |
579,210
+165,106
| +40% | +$27.6M |
|
108
Snap
SNAP
$8.02B
| $102M | 0.26% |
2,168,464
-3,437,551
| -61% | -$193M |
|
109
CoStar Group
CSGP
$12.4B
| $102M | 0.25% |
1,286,589
+245,290
| +24% | +$20.6M |
|
110
Etsy
ETSY
$8.21B
| $100M | 0.25% |
458,703
+407,145
| +790% | +$98.1M |
|
111
HealthEquity
HQY
$8.46B
| $98.5M | 0.25% |
2,227,307
-831,532
| -27% | -$48.4M |
|
112
GXO Logistics
GXO
$6.13B
| $97.2M | 0.24% |
1,069,797
-316,838
| -23% | -$28.5M |
|
113
Genius Sports
GENI
$1.95B
| $97M | 0.24% |
12,756,592
-5,289,278
| -29% | -$71.3M |
|
114
dLocal
DLO
$4.38B
| $93.6M | 0.23% |
2,621,649
+2,572,426
| +5,226% | +$111M |
|
115
Lowe's Companies
LOW
$122B
| $93.1M | 0.23% |
360,335
-298,031
| -45% | -$70.9M |
|
116
Simon Property Group
SPG
$76.8B
| $92.7M | 0.23% |
580,335
-289,074
| -33% | -$44.1M |
|
117
SolarEdge
SEDG
$2.44B
| $91.4M | 0.23% |
325,650
-697,459
| -68% | -$220M |
|
118
Carvana
CVNA
$47.3B
| $91.3M | 0.23% |
1,968,985
+349,875
| +22% | +$19.2M |
|
119
TaskUs
TASK
$568M
| $90.6M | 0.23% |
1,678,212
+499,702
| +42% | +$27.2M |
|
120
Latham Group
SWIM
$673M
| $90.5M | 0.23% |
3,614,276
+1,643,917
| +83% | +$32.6M |
|
121
Idexx Laboratories
IDXX
$44.9B
| $89.7M | 0.22% |
136,278
+80,124
| +143% | +$50.3M |
|
122
Core Laboratories
CLB
$493M
| $89.7M | 0.22% |
4,019,235
-1,119,904
| -22% | -$29.2M |
|
|
IAA
123
DELISTED
IAA, Inc. Common Stock
IAA
| $85.8M | 0.22% |
1,695,964
-73,392
| -4% | -$3.9M |
|
124
Vertex Pharmaceuticals
VRTX
$124B
| $85.5M | 0.21% |
389,546
+386,859
| +14,397% | +$75.2M |
|
125
HEICO Corp
HEI
$50.8B
| $84M | 0.21% |
582,543
+169
| +0% | +$23.8K |
|
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Fred Alger Management's Q4 2021 Portfolio in Review
As of Q4 2021, Fred Alger Management held 574 positions worth $39.9B, down 4.8% from $41.9B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Fred Alger Management withdrew a net $2.29B in Q4 2021, closing 67 positions and reducing 225 holdings. Its most notable exit was Novavax, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Airbnb worth $186M.
- Fred Alger Management's largest Q4 2021 buy was Airbnb: 1,118,759 shares worth $186M.
- Fred Alger Management added most to Marqeta in Q4 2021, an estimated $308M increase.
- Fred Alger Management's biggest Q4 2021 reduction was Visa, cutting an estimated $532M.
- Fred Alger Management fully exited Novavax in Q4 2021, selling an estimated $129M.
- Fred Alger Management's ten largest holdings make up 27% of its $39.9B portfolio in Q4 2021.
- Fred Alger Management opened 62 new positions and closed 67 in Q4 2021.
- Fred Alger Management's portfolio value fell 4.8% quarter-over-quarter to $39.9B.
Based on Fred Alger Management's 13F filing for Q4 2021, filed 14 Feb 2022.