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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PGNY icon
101
Progyny
PGNY
$2.41B
$32.7M 0.16%
1,953,164
-282,190
-13% -$6.77M
BX icon
102
Blackstone
BX
$107B
$32.1M 0.16%
209,334
+151,483
+262% +$21M
FSS icon
103
Federal Signal
FSS
$7.19B
$31.6M 0.15%
338,183
-2,193
-0.6% -$200K
MANH icon
104
Manhattan Associates
MANH
$9.95B
$31.2M 0.15%
110,761
-46,038
-29% -$11.7M
VKTX icon
105
Viking Therapeutics
VKTX
$3.93B
$31M 0.15%
488,869
-78,415
-14% -$4.6M
SMTC icon
106
Semtech
SMTC
$10.4B
$30.6M 0.15%
670,173
+191,347
+40% +$7.04M
PLNT icon
107
Planet Fitness
PLNT
$4.43B
$29.9M 0.15%
368,390
-472
-0.1% -$37K
RARE icon
108
Ultragenyx Pharmaceutical
RARE
$2.56B
$29.8M 0.14%
536,298
-12,607
-2% -$642K
SHOP icon
109
Shopify
SHOP
$169B
$29.3M 0.14%
365,699
-245,140
-40% -$16.9M
CPNG icon
110
Coupang
CPNG
$27.7B
$29.2M 0.14%
+1,188,762
New +$26.4M
ABSI icon
111
Absci
ABSI
$1.21B
$28.9M 0.14%
7,566,618
+309,843
+4% +$1.23M
CDRE icon
112
Cadre Holdings
CDRE
$1.43B
$28M 0.14%
738,121
+344,483
+88% +$12.3M
AZN icon
113
AstraZeneca
AZN
$267B
$27.9M 0.14%
178,807
+46,620
+35% +$7.53M
PLMR icon
114
Palomar
PLMR
$3.79B
$27.8M 0.13%
293,432
-2,484
-0.8% -$229K
TREX icon
115
Trex
TREX
$4.57B
$26.9M 0.13%
404,106
-105,807
-21% -$7.43M
GOOGL icon
116
Alphabet (Google) Class A
GOOGL
$4.08T
$26.9M 0.13%
162,003
-2,282
-1% -$383K
WMT icon
117
Walmart Inc
WMT
$900B
$26.4M 0.13%
326,804
-324,072
-50% -$23.8M
NEO icon
118
NeoGenomics
NEO
$1.74B
$26.3M 0.13%
1,782,897
-52,015
-3% -$814K
PI icon
119
Impinj
PI
$4.05B
$26.2M 0.13%
121,117
+17,515
+17% +$2.97M
XYZ
120
Block Inc
XYZ
$49.5B
$25.2M 0.12%
+374,994
New +$24.2M
INTA icon
121
Intapp
INTA
$2.36B
$25.2M 0.12%
526,273
-144,470
-22% -$5.83M
KTOS icon
122
Kratos Defense & Security Solutions
KTOS
$9.12B
$24.9M 0.12%
1,068,166
-51,080
-5% -$1.1M
KLAC icon
123
KLA
KLAC
$249B
$24.8M 0.12%
320,020
+14,630
+5% +$1.15M
RVMD icon
124
Revolution Medicines
RVMD
$39.1B
$24.5M 0.12%
540,673
+518,909
+2,384% +$22.6M
JPM icon
125
JPMorgan Chase
JPM
$950B
$23.5M 0.11%
111,678
+3,854
+4% +$812K
3 4
5
6 7

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.