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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
EOG Resources
EOG
$74.7B
| $41.8M | 0.2% |
378,344
+67,332
| +22% | +$8.36M |
|
127
PayPal
PYPL
$49.5B
| $40.8M | 0.19% |
584,204
-429,827
| -42% | -$37.3M |
|
128
American Express
AXP
$229B
| $39.4M | 0.18% |
+284,369
| New | +$47M |
|
129
Amgen
AMGN
$203B
| $38.9M | 0.18% |
159,695
-19,124
| -11% | -$4.69M |
|
130
Freshpet
FRPT
$2.92B
| $38.8M | 0.18% |
748,236
-33,814
| -4% | -$2.61M |
|
|
SMAR
131
DELISTED
Smartsheet Inc.
SMAR
| $38.5M | 0.18% |
1,225,716
-606,314
| -33% | -$25.1M |
|
132
Coherent
COHR
$53.1B
| $38.5M | 0.18% |
754,806
+180,941
| +32% | +$11M |
|
|
AGTI
133
DELISTED
Agiliti Inc
AGTI
| $38.1M | 0.18% |
+1,856,566
| New | +$37M |
|
134
Axos Financial
AX
$5.45B
| $38M | 0.18% |
1,060,197
+139,776
| +15% | +$5.37M |
|
|
EVBG
135
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $37.7M | 0.18% |
1,350,139
-47,920
| -3% | -$1.94M |
|
136
Devon Energy
DVN
$49.8B
| $37.3M | 0.17% |
+677,187
| New | +$44.2M |
|
137
Uber
UBER
$139B
| $36.5M | 0.17% |
1,784,271
-2,123,620
| -54% | -$56.4M |
|
138
SLB Ltd
SLB
$76.5B
| $34.8M | 0.16% |
974,392
+864,616
| +788% | +$36.1M |
|
139
Deere & Co
DE
$169B
| $33.6M | 0.16% |
112,345
-100,938
| -47% | -$37.2M |
|
140
BJs Wholesale Club
BJ
$12.1B
| $33.2M | 0.15% |
532,097
+281,628
| +112% | +$17.7M |
|
141
Alkermes
ALKS
$8.79B
| $33.1M | 0.15% |
1,109,705
+995,026
| +868% | +$28.6M |
|
142
CI&T Inc
CINT
$409M
| $32.5M | 0.15% |
3,224,939
+1,142,524
| +55% | +$16M |
|
143
Domino's
DPZ
$11.4B
| $31.9M | 0.15% |
+81,920
| New | +$30.3M |
|
|
NSTG
144
DELISTED
NanoString Technologies, Inc.
NSTG
| $31.9M | 0.15% |
2,511,364
-595,969
| -19% | -$11.1M |
|
145
Grocery Outlet
GO
$932M
| $31M | 0.14% |
+727,941
| New | +$26.6M |
|
146
Magnolia Oil & Gas
MGY
$5.53B
| $30.7M | 0.14% |
1,463,950
-29,316
| -2% | -$733K |
|
147
Cognex
CGNX
$10.2B
| $29.1M | 0.14% |
684,494
-886,158
| -56% | -$49.7M |
|
148
Airbnb
ABNB
$87.2B
| $28.6M | 0.13% |
321,250
-600,701
| -65% | -$78.2M |
|
|
WCN
149
Waste Connections
WCN
$42.7B
| $27.8M | 0.13% |
224,068
+54,394
| +32% | +$7.05M |
|
150
Starbucks
SBUX
$118B
| $27.3M | 0.13% |
357,759
+332,037
| +1,291% | +$25.5M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.