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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
CME Group
CME
$92.2B
| $58.6M | 0.27% |
286,191
+132,495
| +86% | +$28.1M |
|
102
Diamondback Energy
FANG
$57.6B
| $58.6M | 0.27% |
483,496
-52,481
| -10% | -$7.19M |
|
|
XYZ
103
Block Inc
XYZ
$45.9B
| $58.4M | 0.27% |
949,646
+388,795
| +69% | +$35.5M |
|
104
MongoDB
MDB
$24B
| $58.3M | 0.27% |
224,529
-50,242
| -18% | -$15.7M |
|
105
Cheesecake Factory
CAKE
$4.21B
| $57.9M | 0.27% |
2,192,056
+795,998
| +57% | +$26.5M |
|
106
Lockheed Martin
LMT
$134B
| $57M | 0.27% |
132,546
+18,735
| +16% | +$8.23M |
|
107
Old Dominion Freight Line
ODFL
$48.5B
| $54.2M | 0.25% |
423,316
+391,770
| +1,242% | +$51.3M |
|
|
NVRO
108
DELISTED
NEVRO CORP.
NVRO
| $54.2M | 0.25% |
1,236,289
+308,329
| +33% | +$17M |
|
109
Salesforce
CRM
$134B
| $53.2M | 0.25% |
322,416
-256,785
| -44% | -$45.4M |
|
|
CWAN
110
DELISTED
Clearwater Analytics
CWAN
| $53.1M | 0.25% |
4,412,250
+595,332
| +16% | +$9.62M |
|
111
BILL Holdings
BILL
$4.33B
| $52.5M | 0.25% |
477,266
-321,411
| -40% | -$46.8M |
|
112
Seacoast Banking Corp of Florida
SBCF
$3.26B
| $51.9M | 0.24% |
1,569,803
-137,698
| -8% | -$4.6M |
|
113
Impinj
PI
$3.89B
| $51.2M | 0.24% |
872,330
+139,143
| +19% | +$6.99M |
|
114
Wingstop
WING
$3.68B
| $50.6M | 0.24% |
676,648
-350,081
| -34% | -$30.5M |
|
|
INVX
115
Innovex International
INVX
$1.87B
| $50M | 0.23% |
1,938,115
+279,478
| +17% | +$8.52M |
|
116
Snowflake
SNOW
$92.9B
| $49.4M | 0.23% |
355,352
-50,336
| -12% | -$7.97M |
|
117
Vericel Corp
VCEL
$2.3B
| $48.7M | 0.23% |
1,934,021
-822,755
| -30% | -$24.3M |
|
118
lululemon athletica
LULU
$13B
| $48M | 0.22% |
176,057
-230,306
| -57% | -$73.8M |
|
119
Trex
TREX
$4.51B
| $47.7M | 0.22% |
876,264
-131,417
| -13% | -$7.93M |
|
120
Glaukos
GKOS
$9.02B
| $47.4M | 0.22% |
1,043,750
+39,959
| +4% | +$1.9M |
|
121
Progyny
PGNY
$2.44B
| $45.6M | 0.21% |
1,568,562
-1,909,274
| -55% | -$68.4M |
|
122
Vertex
VERX
$1.92B
| $45.4M | 0.21% |
4,007,068
-178,013
| -4% | -$2.25M |
|
123
Tenable Holdings
TENB
$3.56B
| $43.6M | 0.2% |
960,425
+151,229
| +19% | +$7.79M |
|
124
US Physical Therapy
USPH
$1.14B
| $43.1M | 0.2% |
395,010
+350,773
| +793% | +$37.2M |
|
125
Liberty Media Series C
FWONK
$24.3B
| $41.9M | 0.2% |
683,500
+553,404
| +425% | +$33.9M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.