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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Rapid7
RPD
$642M
| $34.2M | 0.18% |
598,941
-59,633
| -9% | -$3.12M |
|
|
102
Trade Desk
TTD
$8.89B
| $34M | 0.18% |
472,462
-1,091,120
| -70% | -$80.2M |
|
103
nCino
NCNO
$2.03B
| $34M | 0.18% |
1,010,940
-328,110
| -25% | -$9.76M |
|
|
SMAR
104
DELISTED
Smartsheet Inc.
SMAR
| $33.8M | 0.18% |
706,159
-114,061
| -14% | -$4.86M |
|
105
Alphatec Holdings
ATEC
$1.43B
| $33.7M | 0.18% |
2,231,091
-105,627
| -5% | -$1.26M |
|
106
Blackstone
BX
$107B
| $33.4M | 0.18% |
255,409
+208,931
| +450% | +$22.6M |
|
107
Flywire
FLYW
$2.04B
| $33M | 0.18% |
1,427,228
-2,052,619
| -59% | -$51.8M |
|
108
RXO
RXO
$3.73B
| $32.6M | 0.18% |
1,401,347
-51,532
| -4% | -$1.04M |
|
109
Novanta
NOVT
$5.04B
| $32.5M | 0.18% |
193,173
-210,988
| -52% | -$30.8M |
|
110
CoStar Group
CSGP
$12.4B
| $31.7M | 0.17% |
362,360
-76,935
| -18% | -$6.23M |
|
111
Dell
DELL
$253B
| $31.6M | 0.17% |
+413,190
| New | +$29.2M |
|
112
Celsius Holdings
CELH
$7.53B
| $31.1M | 0.17% |
570,495
+34,758
| +6% | +$1.86M |
|
113
Trex
TREX
$4.57B
| $31M | 0.17% |
374,406
-72,753
| -16% | -$4.83M |
|
114
CryoPort
CYRX
$765M
| $30.8M | 0.17% |
1,989,396
-402,062
| -17% | -$5.25M |
|
|
ONT
115
Onterris Inc
ONT
$740M
| $30.7M | 0.17% |
954,358
-133,589
| -12% | -$3.83M |
|
116
NeoGenomics
NEO
$1.74B
| $30.4M | 0.16% |
1,875,830
+544,130
| +41% | +$8.9M |
|
117
Globant
GLOB
$1.52B
| $29.8M | 0.16% |
125,379
-6,154
| -5% | -$1.26M |
|
|
NARI
118
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $29.6M | 0.16% |
455,477
-44,512
| -9% | -$2.68M |
|
119
Shake Shack
SHAK
$2.55B
| $29.1M | 0.16% |
392,195
+245,293
| +167% | +$15M |
|
120
Ultragenyx Pharmaceutical
RARE
$2.56B
| $28.9M | 0.16% |
603,976
-34,890
| -5% | -$1.35M |
|
121
Definitive Healthcare
DH
$74.6M
| $27.6M | 0.15% |
2,781,406
+221,394
| +9% | +$1.74M |
|
122
Kura Sushi USA
KRUS
$583M
| $27.5M | 0.15% |
361,716
-25,273
| -7% | -$1.63M |
|
123
Tenable Holdings
TENB
$3.46B
| $27.3M | 0.15% |
593,373
-137,509
| -19% | -$5.78M |
|
124
Hilton Worldwide
HLT
$73.4B
| $26.5M | 0.14% |
145,622
+95,849
| +193% | +$15.6M |
|
125
BioLife Solutions
BLFS
$1.56B
| $26.4M | 0.14% |
1,625,036
-161,661
| -9% | -$2.06M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.