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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Axos Financial
AX
$5.6B
| $40.2M | 0.2% |
1,174,172
+113,975
| +11% | +$4.61M |
|
127
EOG Resources
EOG
$77.1B
| $39.8M | 0.2% |
356,007
-22,337
| -6% | -$2.51M |
|
128
Novanta
NOVT
$4.87B
| $39.6M | 0.2% |
342,178
-297,414
| -47% | -$40.5M |
|
129
BJs Wholesale Club
BJ
$12.7B
| $39M | 0.2% |
535,670
+3,573
| +0.7% | +$256K |
|
130
Biogen
BIIB
$31.9B
| $38.5M | 0.19% |
+144,032
| New | +$30.6M |
|
|
WCN
131
Waste Connections
WCN
$43.6B
| $37.4M | 0.19% |
276,983
+52,915
| +24% | +$7.22M |
|
132
Freshpet
FRPT
$3.03B
| $37.4M | 0.19% |
746,691
-1,545
| -0.2% | -$72.9K |
|
133
Progyny
PGNY
$2.46B
| $37.3M | 0.19% |
1,006,919
-561,643
| -36% | -$21M |
|
|
INVX
134
Innovex International
INVX
$1.8B
| $36.4M | 0.18% |
1,866,189
-71,926
| -4% | -$1.67M |
|
|
CTRA
135
DELISTED
Coterra Energy
CTRA
| $35.5M | 0.18% |
1,358,435
+320,841
| +31% | +$9.19M |
|
|
SGEN
136
DELISTED
Seagen Inc. Common Stock
SGEN
| $35.3M | 0.18% |
257,952
+136,390
| +112% | +$22.2M |
|
137
Marqeta
MQ
$1.91B
| $35.1M | 0.18% |
1,233,944
-1,671,688
| -58% | -$55.6M |
|
138
Grid Dynamics Holdings
GDYN
$530M
| $34.8M | 0.18% |
1,859,943
+1,059,965
| +132% | +$20.1M |
|
139
Manhattan Associates
MANH
$12.6B
| $33.7M | 0.17% |
253,532
+69,932
| +38% | +$9.46M |
|
140
CareDx
CDNA
$1.85B
| $33.7M | 0.17% |
1,981,164
-908,065
| -31% | -$19.5M |
|
141
Devon Energy
DVN
$50.8B
| $33.4M | 0.17% |
555,386
-121,801
| -18% | -$7.57M |
|
|
AGTI
142
DELISTED
Agiliti Inc
AGTI
| $32.5M | 0.16% |
2,272,238
+415,672
| +22% | +$7.7M |
|
|
NSTG
143
DELISTED
NanoString Technologies, Inc.
NSTG
| $32M | 0.16% |
2,506,072
-5,292
| -0.2% | -$73.4K |
|
144
Grocery Outlet
GO
$901M
| $32M | 0.16% |
960,715
+232,774
| +32% | +$9.46M |
|
145
Deere & Co
DE
$166B
| $30.6M | 0.16% |
91,698
-20,647
| -18% | -$7.07M |
|
146
CI&T Inc
CINT
$424M
| $30.1M | 0.15% |
3,203,254
-21,685
| -0.7% | -$230K |
|
147
Magnolia Oil & Gas
MGY
$5.82B
| $29M | 0.15% |
1,463,951
+1
| +0% | +$22 |
|
148
Alkermes
ALKS
$8.22B
| $28.2M | 0.14% |
1,265,004
+155,299
| +14% | +$4.04M |
|
|
FTCH
149
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $28.1M | 0.14% |
3,766,320
+3,505,697
| +1,345% | +$31.1M |
|
150
Liberty Media Series C
FWONK
$25.7B
| $27.9M | 0.14% |
492,555
-190,945
| -28% | -$11.8M |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.