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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Globant
GLOB
$1.67B
| $26M | 0.15% |
131,533
+19,100
| +17% | +$3.58M |
|
127
Arista Networks
ANET
$203B
| $26M | 0.15% |
564,872
-1,310,196
| -70% | -$58.4M |
|
|
AYX
128
DELISTED
Alteryx Inc
AYX
| $25.9M | 0.15% |
+686,607
| New | +$24.6M |
|
129
Vicor
VICR
$8.47B
| $25.9M | 0.15% |
439,175
-58,614
| -12% | -$3.88M |
|
130
Kura Sushi USA
KRUS
$595M
| $25.6M | 0.15% |
386,989
-24,723
| -6% | -$2.18M |
|
131
Amgen
AMGN
$211B
| $25.6M | 0.15% |
95,071
+86,134
| +964% | +$21.5M |
|
132
Ascendis Pharma A/S
ASND
$16.7B
| $25.3M | 0.15% |
270,005
-81,006
| -23% | -$7.58M |
|
|
HES
133
DELISTED
Hess
HES
| $25.3M | 0.15% |
165,166
-14,989
| -8% | -$2.26M |
|
134
BioLife Solutions
BLFS
$1.55B
| $24.7M | 0.14% |
1,786,697
-286,417
| -14% | -$4.51M |
|
135
Planet Fitness
PLNT
$4.49B
| $24.2M | 0.14% |
491,690
-860,284
| -64% | -$52M |
|
136
HubSpot
HUBS
$12.9B
| $22.9M | 0.13% |
46,532
-4,800
| -9% | -$2.51M |
|
137
Ultragenyx Pharmaceutical
RARE
$2.49B
| $22.8M | 0.13% |
638,866
-17,239
| -3% | -$683K |
|
|
AKRO
138
DELISTED
Akero Therapeutics
AKRO
| $22.3M | 0.13% |
441,086
+427,303
| +3,100% | +$19.9M |
|
139
Magnolia Oil & Gas
MGY
$5.85B
| $22.1M | 0.13% |
963,695
-80,805
| -8% | -$1.81M |
|
|
140
Alphabet (Google) Class A
GOOGL
$4.15T
| $21.7M | 0.12% |
165,563
-10,972
| -6% | -$1.42M |
|
141
Definitive Healthcare
DH
$77.2M
| $20.5M | 0.12% |
2,560,012
-124,782
| -5% | -$1.25M |
|
142
Ferrari
RACE
$68.6B
| $20.4M | 0.12% |
69,111
+1,464
| +2% | +$454K |
|
|
NVRO
143
DELISTED
NEVRO CORP.
NVRO
| $20.3M | 0.12% |
1,053,812
-33,125
| -3% | -$706K |
|
144
Ares Management
ARES
$28.2B
| $20M | 0.12% |
194,784
+133,485
| +218% | +$13.5M |
|
145
Schrodinger
SDGR
$1.14B
| $19.6M | 0.11% |
691,840
+665,272
| +2,504% | +$26.8M |
|
146
Krystal Biotech
KRYS
$10.7B
| $19.4M | 0.11% |
167,485
+163,928
| +4,609% | +$20M |
|
147
Progressive
PGR
$128B
| $18.4M | 0.11% |
131,871
-200,340
| -60% | -$26.4M |
|
148
SiTime
SITM
$14.3B
| $17.7M | 0.1% |
154,856
-2,838
| -2% | -$350K |
|
149
InMode
INMD
$874M
| $17.3M | 0.1% |
566,527
-6,452
| -1% | -$253K |
|
150
Idexx Laboratories
IDXX
$45.2B
| $17.2M | 0.1% |
39,281
+4,609
| +13% | +$2.3M |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.