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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PXD
101
DELISTED
Pioneer Natural Resource Co.
PXD
| $60.3M | 0.32% |
295,457
-327,355
| -53% | -$70.4M |
|
102
Salesforce
CRM
$154B
| $59.4M | 0.32% |
297,445
+289,080
| +3,456% | +$48.8M |
|
103
CryoPort
CYRX
$753M
| $58M | 0.31% |
2,414,650
-305,007
| -11% | -$6.63M |
|
104
Palo Alto Networks
PANW
$256B
| $57.6M | 0.31% |
576,878
-1,015,360
| -64% | -$86M |
|
105
ACI Worldwide
ACIW
$6.12B
| $56.5M | 0.3% |
2,094,892
+1,718,703
| +457% | +$45.5M |
|
106
Booking.com
BKNG
$156B
| $54.2M | 0.29% |
510,550
-31,275
| -6% | -$3.04M |
|
107
Yum China
YUMC
$15.7B
| $54.2M | 0.29% |
+854,327
| New | +$51.6M |
|
108
Vertex Pharmaceuticals
VRTX
$123B
| $53.6M | 0.29% |
170,168
-234,697
| -58% | -$70.4M |
|
|
PDCE
109
DELISTED
PDC Energy, Inc.
PDCE
| $53.4M | 0.29% |
832,671
-217,982
| -21% | -$14.1M |
|
110
Chegg
CHGG
$116M
| $52.2M | 0.28% |
3,201,529
-78,750
| -2% | -$1.47M |
|
111
Regeneron Pharmaceuticals
REGN
$72.9B
| $51.6M | 0.28% |
62,749
+33,359
| +114% | +$25.2M |
|
112
Viper Energy
VNOM
$8.43B
| $50.8M | 0.27% |
1,814,327
-221,836
| -11% | -$6.66M |
|
113
Charles River Laboratories
CRL
$11.3B
| $47.9M | 0.26% |
+237,501
| New | +$53.8M |
|
|
AGTI
114
DELISTED
Agiliti Inc
AGTI
| $47.5M | 0.25% |
2,972,710
+298,718
| +11% | +$5.14M |
|
115
PayPal
PYPL
$50.3B
| $46.9M | 0.25% |
617,250
-1,361,926
| -69% | -$105M |
|
|
AXON
116
Axon Enterprise
AXON
$42.8B
| $46.8M | 0.25% |
208,229
+25,223
| +14% | +$5.01M |
|
117
Impinj
PI
$4.24B
| $45.5M | 0.24% |
335,601
-89,082
| -21% | -$11.4M |
|
|
AXNX
118
DELISTED
Axonics, Inc. Common Stock
AXNX
| $45.4M | 0.24% |
831,740
-91,868
| -10% | -$5.37M |
|
119
Globant
GLOB
$1.65B
| $44.9M | 0.24% |
273,724
-233,574
| -46% | -$38.2M |
|
|
INVX
120
Innovex International
INVX
$1.8B
| $44M | 0.24% |
1,534,832
-29,945
| -2% | -$888K |
|
121
Evolent Health
EVH
$371M
| $43.8M | 0.23% |
1,351,105
-538,460
| -28% | -$17M |
|
|
SMAR
122
DELISTED
Smartsheet Inc.
SMAR
| $42.7M | 0.23% |
893,920
-209,654
| -19% | -$9.12M |
|
|
NVRO
123
DELISTED
NEVRO CORP.
NVRO
| $42.4M | 0.23% |
1,174,243
-9,757
| -0.8% | -$343K |
|
124
BioLife Solutions
BLFS
$1.54B
| $41.9M | 0.22% |
1,925,215
-52,704
| -3% | -$1.19M |
|
125
Tenable Holdings
TENB
$3.47B
| $41.4M | 0.22% |
871,946
-126,196
| -13% | -$5.36M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.