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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SILK
126
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $40M | 0.21% |
+1,022,542
| New | +$50M |
|
127
Rapid7
RPD
$628M
| $40M | 0.21% |
870,536
+522,286
| +150% | +$22.2M |
|
|
WCN
128
Waste Connections
WCN
$43.6B
| $36.9M | 0.2% |
265,005
-12,569
| -5% | -$1.67M |
|
129
Herc Holdings
HRI
$4.78B
| $36.7M | 0.2% |
322,298
-1,604
| -0.5% | -$221K |
|
130
HealthEquity
HQY
$8.71B
| $35.7M | 0.19% |
608,824
-974,178
| -62% | -$59.2M |
|
131
PagerDuty
PD
$830M
| $33.7M | 0.18% |
+963,008
| New | +$28.3M |
|
132
Cabaletta Bio
CABA
$427M
| $33.2M | 0.18% |
4,015,310
+3,279,361
| +446% | +$30.7M |
|
133
Acadia Pharmaceuticals
ACAD
$4.51B
| $32.5M | 0.17% |
1,725,626
+262,972
| +18% | +$5.01M |
|
134
CoStar Group
CSGP
$12.2B
| $32.3M | 0.17% |
469,027
-32,205
| -6% | -$2.38M |
|
135
Ollie's Bargain Outlet
OLLI
$4.31B
| $32M | 0.17% |
551,769
+57,736
| +12% | +$3.17M |
|
136
Q2 Holdings
QTWO
$3.78B
| $31.8M | 0.17% |
1,290,431
-495,042
| -28% | -$14.7M |
|
137
Vaxcyte
PCVX
$7.65B
| $31.7M | 0.17% |
844,778
-32,515
| -4% | -$1.38M |
|
138
Magnolia Oil & Gas
MGY
$5.93B
| $31M | 0.17% |
1,416,541
-48,933
| -3% | -$1.09M |
|
139
Xometry
XMTR
$4.47B
| $30.6M | 0.16% |
2,040,800
+518,820
| +34% | +$13.6M |
|
|
140
Eli Lilly
LLY
$1.08T
| $30.4M | 0.16% |
88,524
-463,367
| -84% | -$156M |
|
141
Pliant Therapeutics
PLRX
$65M
| $28.6M | 0.15% |
1,076,635
+1,056,584
| +5,269% | +$30.1M |
|
142
SolarEdge
SEDG
$2.37B
| $28.6M | 0.15% |
94,110
-401,712
| -81% | -$122M |
|
|
CTLT
143
DELISTED
CATALENT, INC.
CTLT
| $28.5M | 0.15% |
434,239
+363,993
| +518% | +$22.5M |
|
144
LPL Financial
LPLA
$27B
| $27.8M | 0.15% |
137,461
+86,366
| +169% | +$19.7M |
|
145
Manhattan Associates
MANH
$11.9B
| $26.9M | 0.14% |
173,614
-77,834
| -31% | -$10.7M |
|
146
On Holding
ONON
$12.6B
| $26.5M | 0.14% |
853,147
+837,524
| +5,361% | +$19M |
|
147
Definitive Healthcare
DH
$77M
| $26.1M | 0.14% |
2,526,320
+232,588
| +10% | +$2.74M |
|
148
Paycom
PAYC
$7.88B
| $25.4M | 0.14% |
83,587
-317,631
| -79% | -$95.6M |
|
|
ALTR
149
DELISTED
Altair Engineering Inc
ALTR
| $25.3M | 0.14% |
350,345
+346,780
| +9,727% | +$20.5M |
|
150
BJs Wholesale Club
BJ
$12.8B
| $25.2M | 0.13% |
331,623
-59,377
| -15% | -$4.31M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.