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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEO icon
101
NeoGenomics
NEO
$2.03B
$36.8M 0.18%
2,339,766
+463,936
+25% +$7.16M
VEEV icon
102
Veeva Systems
VEEV
$33.7B
$36.2M 0.18%
156,355
-135,937
-47% -$29.3M
EW icon
103
Edwards Lifesciences
EW
$49.2B
$36.1M 0.18%
+377,997
New +$31.8M
ATEC icon
104
Alphatec Holdings
ATEC
$1.47B
$36.1M 0.18%
2,617,225
+386,134
+17% +$5.73M
BL icon
105
BlackLine
BL
$1.93B
$36.1M 0.18%
558,762
-271,230
-33% -$16.5M
XMTR icon
106
Xometry
XMTR
$4.55B
$36M 0.18%
2,129,871
+48,841
+2% +$1.32M
CYRX icon
107
CryoPort
CYRX
$766M
$35.3M 0.17%
1,991,777
+2,381
+0.1% +$37.7K
OWL icon
108
Blue Owl Capital
OWL
$6.54B
$34.8M 0.17%
+1,844,128
New +$30.9M
CSGP icon
109
CoStar Group
CSGP
$12.2B
$33.8M 0.17%
349,584
-12,776
-4% -$1.1M
AKRO
110
DELISTED
Akero Therapeutics
AKRO
$33.8M 0.17%
1,336,881
+1,246,069
+1,372% +$29.9M
MOD icon
111
Modine Manufacturing
MOD
$9.73B
$33.5M 0.17%
+351,951
New +$27.2M
MLTX icon
112
MoonLake Immunotherapeutics
MLTX
$1.58B
$33.5M 0.17%
666,722
-143,864
-18% -$7.8M
SRPT icon
113
Sarepta Therapeutics
SRPT
$1.65B
$33.3M 0.17%
257,566
+167,231
+185% +$20.5M
ONON icon
114
On Holding
ONON
$12.8B
$33.2M 0.16%
939,126
+799,025
+570% +$24.4M
AIR icon
115
AAR Corp
AIR
$5.44B
$31.3M 0.16%
522,651
+207,369
+66% +$12.9M
IBM icon
116
IBM
IBM
$215B
$30.6M 0.15%
+160,449
New +$29.3M
FLYW icon
117
Flywire
FLYW
$2.06B
$30.4M 0.15%
1,225,410
-201,818
-14% -$4.71M
RXO icon
118
RXO
RXO
$3.72B
$30.1M 0.15%
1,377,208
-24,139
-2% -$517K
NVRO
119
DELISTED
NEVRO CORP.
NVRO
$30.1M 0.15%
2,083,687
-35,579
-2% -$588K
ASND icon
120
Ascendis Pharma A/S
ASND
$16.6B
$28.1M 0.14%
186,121
-7,381
-4% -$1.05M
ELF icon
121
e.l.f. Beauty
ELF
$4.87B
$27.8M 0.14%
142,062
-1,584
-1% -$281K
BLFS icon
122
BioLife Solutions
BLFS
$1.54B
$27.6M 0.14%
1,490,298
-134,738
-8% -$2.36M
NOVT icon
123
Novanta
NOVT
$4.94B
$27.4M 0.14%
156,683
-36,490
-19% -$5.99M
TENB icon
124
Tenable Holdings
TENB
$3.54B
$27.4M 0.14%
553,908
-39,465
-7% -$1.87M
RARE icon
125
Ultragenyx Pharmaceutical
RARE
$2.47B
$27.2M 0.13%
581,551
-22,425
-4% -$1.06M
3 4
5
6 7

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.