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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Kratos Defense & Security Solutions
KTOS
$8.23B
| $26.4M | 0.14% |
1,298,850
+280,012
| +27% | +$5.15M |
|
|
CFLT
127
DELISTED
Confluent
CFLT
| $26.1M | 0.14% |
1,113,563
-263,151
| -19% | -$6.36M |
|
128
Wayfair
W
$11.8B
| $25.6M | 0.14% |
414,591
+413,156
| +28,791% | +$21.6M |
|
129
iRhythm Holdings
IRTC
$4.02B
| $24.6M | 0.13% |
229,870
+214,110
| +1,359% | +$18.7M |
|
130
Mobileye
MBLY
$2.02B
| $24.5M | 0.13% |
565,662
-1,378,716
| -71% | -$54.3M |
|
131
Ascendis Pharma A/S
ASND
$16.5B
| $24.4M | 0.13% |
193,502
-76,503
| -28% | -$7.63M |
|
|
NUVL
132
DELISTED
Nuvalent
NUVL
| $23.7M | 0.13% |
321,952
+241,915
| +302% | +$15M |
|
133
10x Genomics
TXG
$5.88B
| $22.7M | 0.12% |
+405,183
| New | +$17.6M |
|
134
Schrodinger
SDGR
$1.13B
| $22.7M | 0.12% |
632,848
-58,992
| -9% | -$1.71M |
|
135
Ferrari
RACE
$67.8B
| $22.2M | 0.12% |
65,476
-3,635
| -5% | -$1.21M |
|
136
Ares Management
ARES
$28.1B
| $20.9M | 0.11% |
175,374
-19,410
| -10% | -$2.11M |
|
137
e.l.f. Beauty
ELF
$4.77B
| $20.7M | 0.11% |
143,646
-2,589
| -2% | -$299K |
|
138
Snowflake
SNOW
$98.1B
| $20.6M | 0.11% |
103,754
+10,605
| +11% | +$1.79M |
|
139
Arista Networks
ANET
$199B
| $20.3M | 0.11% |
344,216
-220,656
| -39% | -$11.6M |
|
140
Krystal Biotech
KRYS
$10.7B
| $19.9M | 0.11% |
160,335
-7,150
| -4% | -$793K |
|
141
AAR Corp
AIR
$5.4B
| $19.7M | 0.11% |
315,282
+148,649
| +89% | +$9.54M |
|
142
GitLab
GTLB
$5.75B
| $19.3M | 0.1% |
305,993
-581,525
| -66% | -$29.4M |
|
143
Booking.com
BKNG
$156B
| $19.1M | 0.1% |
134,450
-108,000
| -45% | -$13.5M |
|
|
EVBG
144
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $19.1M | 0.1% |
784,036
-719,655
| -48% | -$15.5M |
|
145
RH
RH
$3.33B
| $18.4M | 0.1% |
63,166
+49,570
| +365% | +$12.8M |
|
146
Core Laboratories
CLB
$455M
| $18M | 0.1% |
1,020,549
-306,780
| -23% | -$6.18M |
|
147
SiTime
SITM
$13.8B
| $17.9M | 0.1% |
146,992
-7,864
| -5% | -$890K |
|
148
US Physical Therapy
USPH
$1.22B
| $17.8M | 0.1% |
191,454
+5,302
| +3% | +$467K |
|
149
MakeMyTrip
MMYT
$5.38B
| $17.7M | 0.1% |
377,587
+198,026
| +110% | +$8.35M |
|
150
JPMorgan Chase
JPM
$916B
| $17.4M | 0.09% |
102,484
-10,091
| -9% | -$1.53M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.