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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
-7.7%
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
$31.3B
AUM Growth
-$8.62B
(-22%)
Cap. Flow
-$3.66B
Cap. Flow
% of AUM
-11.69%
Top 10 Holdings %
Top 10 Hldgs %
30.33%
Holding
574
New
67
Increased
165
Reduced
236
Closed
83
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$255M |
| 2 |
Visa
V
|
+$248M |
| 3 |
Intuit
INTU
|
+$235M |
| 4 |
Alibaba
BABA
|
+$229M |
| 5 |
Advanced Micro Devices
AMD
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$381M |
| 2 |
Adobe
ADBE
|
+$304M |
| 3 |
Applied Materials
AMAT
|
+$250M |
| 4 |
Amazon
AMZN
|
+$207M |
| 5 |
Micron Technology
MU
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.83% |
| 2 | Healthcare | 18.53% |
| 3 | Consumer Discretionary | 14.86% |
| 4 | Industrials | 11.27% |
| 5 | Financials | 6.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Planet Fitness
PLNT
$4.45B
| $68.2M | 0.22% |
806,941
-14,183
| -2% | -$1.23M |
|
|
NVRO
127
DELISTED
NEVRO CORP.
NVRO
| $67.1M | 0.21% |
927,960
+29,358
| +3% | +$2.12M |
|
128
Trex
TREX
$4.4B
| $65.8M | 0.21% |
1,007,681
-507,157
| -33% | -$45.2M |
|
129
Vertex
VERX
$2.16B
| $64.2M | 0.21% |
4,185,081
+25,596
| +0.6% | +$358K |
|
130
Crown Castle
CCI
$34.6B
| $62.8M | 0.2% |
340,310
+205,064
| +152% | +$36.5M |
|
|
INVX
131
Innovex International
INVX
$1.8B
| $62M | 0.2% |
+1,658,637
| New | +$47.6M |
|
|
EVBG
132
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $61M | 0.19% |
1,398,059
-492,206
| -26% | -$23.3M |
|
133
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $59.8M | 0.19% |
1,707,501
+844,172
| +98% | +$30.7M |
|
134
Glaukos
GKOS
$9.49B
| $58M | 0.19% |
1,003,791
+38,088
| +4% | +$2.02M |
|
135
Take-Two Interactive
TTWO
$46.1B
| $56M | 0.18% |
363,936
-681,202
| -65% | -$109M |
|
136
Cheesecake Factory
CAKE
$5.03B
| $55.5M | 0.18% |
1,396,058
-259,381
| -16% | -$9.9M |
|
137
Walt Disney
DIS
$171B
| $55.3M | 0.18% |
+403,025
| New | +$58.3M |
|
138
Atlassian
TEAM
$26.5B
| $55.2M | 0.18% |
187,788
-17,647
| -9% | -$5.27M |
|
139
Costco
COST
$432B
| $53.2M | 0.17% |
92,441
+91,299
| +7,995% | +$47.9M |
|
140
Lockheed Martin
LMT
$131B
| $50.2M | 0.16% |
+113,811
| New | +$46.1M |
|
141
The Joint Corp
JYNT
$119M
| $50.1M | 0.16% |
1,414,930
-996,321
| -41% | -$46.1M |
|
142
Transcat
TRNS
$760M
| $50M | 0.16% |
616,040
+323,837
| +111% | +$26.3M |
|
143
Meta Platforms (Facebook)
META
$1.49T
| $49.4M | 0.16% |
222,197
-223,665
| -50% | -$55.9M |
|
144
GXO Logistics
GXO
$5.93B
| $48.8M | 0.16% |
683,851
-385,946
| -36% | -$30.8M |
|
145
Rapid7
RPD
$628M
| $48.4M | 0.15% |
434,699
+147,468
| +51% | +$14.8M |
|
146
BioNTech
BNTX
$23.5B
| $46.8M | 0.15% |
+274,659
| New | +$46.2M |
|
147
Tenable Holdings
TENB
$3.47B
| $46.8M | 0.15% |
+809,196
| New | +$41.8M |
|
148
Impinj
PI
$4.24B
| $46.6M | 0.15% |
733,187
+173,835
| +31% | +$12.6M |
|
149
Amgen
AMGN
$209B
| $43.2M | 0.14% |
178,819
+174,143
| +3,724% | +$40M |
|
150
Axos Financial
AX
$5.58B
| $42.7M | 0.14% |
920,421
-167,032
| -15% | -$8.82M |
|
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Fred Alger Management's Q1 2022 Portfolio in Review
As of Q1 2022, Fred Alger Management held 574 positions worth $31.3B, down 22% from $39.9B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $3.66B in Q1 2022, closing 83 positions and reducing 236 holdings. Its most notable exit was Coinbase, an estimated $173M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 38% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Alibaba worth $216M.
- Fred Alger Management's largest Q1 2022 buy was Alibaba: 1,989,523 shares worth $216M.
- Fred Alger Management added most to Pioneer Natural Resource Co. in Q1 2022, an estimated $255M increase.
- Fred Alger Management's biggest Q1 2022 reduction was Qualcomm, cutting an estimated $381M.
- Fred Alger Management fully exited Coinbase in Q1 2022, selling an estimated $173M.
- Fred Alger Management's ten largest holdings make up 30% of its $31.3B portfolio in Q1 2022.
- Fred Alger Management opened 67 new positions and closed 83 in Q1 2022.
- Fred Alger Management's portfolio value fell 22% quarter-over-quarter to $31.3B.
Based on Fred Alger Management's 13F filing for Q1 2022, filed 16 May 2022.