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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
MoonLake Immunotherapeutics
MLTX
$1.66B
| $29M | 0.14% |
659,029
-7,693
| -1% | -$326K |
|
102
Madrigal Pharmaceuticals
MDGL
$12.8B
| $28.7M | 0.14% |
102,455
+37,879
| +59% | +$9.02M |
|
103
Federal Signal
FSS
$7.1B
| $28.5M | 0.14% |
340,376
+38,620
| +13% | +$3.28M |
|
104
Vertex Pharmaceuticals
VRTX
$123B
| $28.2M | 0.14% |
60,203
+875
| +1% | +$380K |
|
105
Alphatec Holdings
ATEC
$1.35B
| $27.6M | 0.13% |
2,638,303
+21,078
| +0.8% | +$245K |
|
106
Edwards Lifesciences
EW
$48.1B
| $27.4M | 0.13% |
296,275
-81,722
| -22% | -$7.24M |
|
107
iRhythm Holdings
IRTC
$3.75B
| $27.2M | 0.13% |
252,421
+28,132
| +13% | +$2.87M |
|
108
Planet Fitness
PLNT
$4.28B
| $27.1M | 0.13% |
368,862
-29,929
| -8% | -$1.94M |
|
109
BlackLine
BL
$1.81B
| $26.4M | 0.13% |
545,893
-12,869
| -2% | -$707K |
|
110
Shake Shack
SHAK
$2.47B
| $26.2M | 0.13% |
291,627
-242,509
| -45% | -$23.7M |
|
111
Diamondback Energy
FANG
$56.5B
| $26.2M | 0.13% |
130,660
-391,562
| -75% | -$77.7M |
|
112
Kura Sushi USA
KRUS
$561M
| $25.6M | 0.12% |
406,085
-25,209
| -6% | -$2.54M |
|
113
NeoGenomics
NEO
$1.73B
| $25.5M | 0.12% |
1,834,912
-504,854
| -22% | -$7.16M |
|
114
KLA
KLAC
$261B
| $25.2M | 0.12% |
305,390
+16,240
| +6% | +$1.2M |
|
115
Cloudflare
NET
$92.6B
| $25.1M | 0.12% |
302,718
+65,529
| +28% | +$5.29M |
|
116
Intapp
INTA
$2.29B
| $24.6M | 0.12% |
670,743
-565,800
| -46% | -$19.2M |
|
|
INFA
117
DELISTED
Informatica
INFA
| $24.5M | 0.12% |
794,084
+307,803
| +63% | +$9.69M |
|
118
Novanta
NOVT
$4.98B
| $24.3M | 0.12% |
149,239
-7,444
| -5% | -$1.21M |
|
119
nCino
NCNO
$1.97B
| $24.3M | 0.12% |
771,108
+94,111
| +14% | +$2.94M |
|
120
Palomar
PLMR
$3.66B
| $24M | 0.12% |
295,916
+54,283
| +22% | +$4.42M |
|
121
Ultragenyx Pharmaceutical
RARE
$2.67B
| $22.6M | 0.11% |
548,905
-32,646
| -6% | -$1.39M |
|
|
NARI
122
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $22.5M | 0.11% |
466,501
-13,694
| -3% | -$607K |
|
123
Kratos Defense & Security Solutions
KTOS
$9.15B
| $22.4M | 0.11% |
1,119,246
-60,587
| -5% | -$1.18M |
|
124
Absci
ABSI
$1.3B
| $22.4M | 0.11% |
7,256,775
-151,034
| -2% | -$700K |
|
125
Sprout Social
SPT
$503M
| $21.8M | 0.11% |
611,922
-107,888
| -15% | -$4.34M |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.