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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Mercury Systems
MRCY
$5.97B
| $54.3M | 0.28% |
1,337,333
+21,941
| +2% | +$1.15M |
|
102
Planet Fitness
PLNT
$4.43B
| $54M | 0.27% |
936,194
+59,668
| +7% | +$4.3M |
|
103
Bruker
BRKR
$9.58B
| $53.8M | 0.27% |
1,013,575
+610,996
| +152% | +$36.5M |
|
104
Vertex
VERX
$2.14B
| $52.5M | 0.27% |
3,841,738
-165,330
| -4% | -$2.1M |
|
105
Crown Castle
CCI
$33.1B
| $51.5M | 0.26% |
356,272
-125,837
| -26% | -$21.5M |
|
106
Lockheed Martin
LMT
$134B
| $51.1M | 0.26% |
132,391
-155
| -0.1% | -$64.7K |
|
107
Transcat
TRNS
$804M
| $50.4M | 0.26% |
665,995
+203,564
| +44% | +$14.1M |
|
108
Impinj
PI
$4.05B
| $49.8M | 0.25% |
621,982
-250,348
| -29% | -$20.9M |
|
109
Seacoast Banking Corp of Florida
SBCF
$3.27B
| $49.4M | 0.25% |
1,634,718
+64,915
| +4% | +$2.17M |
|
110
BioLife Solutions
BLFS
$1.56B
| $49.2M | 0.25% |
2,163,476
+388,642
| +22% | +$8.32M |
|
111
Tenable Holdings
TENB
$3.46B
| $47.7M | 0.24% |
1,369,594
+409,169
| +43% | +$17.2M |
|
112
SBA Communications
SBAC
$18.6B
| $46.8M | 0.24% |
164,354
+163,171
| +13,793% | +$53M |
|
113
Uber
UBER
$144B
| $46M | 0.23% |
1,735,178
-49,093
| -3% | -$1.36M |
|
114
Vericel Corp
VCEL
$2.39B
| $45.1M | 0.23% |
1,944,578
+10,557
| +0.5% | +$288K |
|
115
Cheesecake Factory
CAKE
$4.42B
| $44.5M | 0.23% |
1,520,999
-671,057
| -31% | -$20.4M |
|
116
Herc Holdings
HRI
$4.95B
| $44.3M | 0.22% |
426,792
-412,841
| -49% | -$45.9M |
|
117
Diamondback Energy
FANG
$53.5B
| $44.2M | 0.22% |
366,821
-116,675
| -24% | -$14.6M |
|
|
NVRO
118
DELISTED
NEVRO CORP.
NVRO
| $43.5M | 0.22% |
933,195
-303,094
| -25% | -$14.1M |
|
|
HSKA
119
DELISTED
Heska Corp
HSKA
| $43M | 0.22% |
589,295
-223,305
| -27% | -$19.7M |
|
120
Saia
SAIA
$10.9B
| $42.3M | 0.21% |
222,686
-102,913
| -32% | -$21.8M |
|
|
SMAR
121
DELISTED
Smartsheet Inc.
SMAR
| $42M | 0.21% |
1,223,180
-2,536
| -0.2% | -$85.9K |
|
122
Old Dominion Freight Line
ODFL
$47.1B
| $41.6M | 0.21% |
334,134
-89,182
| -21% | -$12.3M |
|
123
Wabtec
WAB
$51.7B
| $41.5M | 0.21% |
509,619
+492,453
| +2,869% | +$43.5M |
|
124
Definitive Healthcare
DH
$74.6M
| $41.1M | 0.21% |
2,645,462
+1,669,892
| +171% | +$36.7M |
|
125
Capri Holdings
CPRI
$1.88B
| $40.8M | 0.21% |
1,061,668
-454,488
| -30% | -$21.2M |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.