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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALAB icon
126
Astera Labs
ALAB
$42.8B
$26.6M 0.13%
+358,421
New +$26.6M
IRTC icon
127
iRhythm Holdings
IRTC
$4.02B
$26M 0.13%
224,289
-5,581
-2% -$627K
STVN icon
128
Stevanato
STVN
$5.57B
$25.7M 0.13%
800,807
+421,146
+111% +$12.8M
FSS icon
129
Federal Signal
FSS
$6.82B
$25.6M 0.13%
301,756
+169,250
+128% +$13.3M
NCNO icon
130
nCino
NCNO
$2.06B
$25.3M 0.13%
676,997
-333,943
-33% -$10.5M
PLNT icon
131
Planet Fitness
PLNT
$4.45B
$25M 0.12%
398,791
-75,730
-16% -$5.06M
VRTX icon
132
Vertex Pharmaceuticals
VRTX
$123B
$24.8M 0.12%
59,328
-154,179
-72% -$65.2M
CEG icon
133
Constellation Energy
CEG
$92.1B
$24.4M 0.12%
+131,916
New +$18.7M
RPD icon
134
Rapid7
RPD
$628M
$24.2M 0.12%
493,212
-105,729
-18% -$5.8M
JPM icon
135
JPMorgan Chase
JPM
$916B
$23.4M 0.12%
116,975
+14,491
+14% +$2.61M
MYRG icon
136
MYR Group
MYRG
$5.01B
$23.2M 0.12%
131,333
+68,882
+110% +$10.6M
NARI
137
DELISTED
Inari Medical, Inc. Common Stock
NARI
$23M 0.11%
480,195
+24,718
+5% +$1.32M
NET icon
138
Cloudflare
NET
$96B
$23M 0.11%
237,189
+140,090
+144% +$12.7M
GLOB icon
139
Globant
GLOB
$1.65B
$22.3M 0.11%
110,633
-14,746
-12% -$3.31M
GOOGL icon
140
Alphabet (Google) Class A
GOOGL
$4.12T
$22M 0.11%
145,823
+25,131
+21% +$3.6M
KTOS icon
141
Kratos Defense & Security Solutions
KTOS
$8.23B
$21.7M 0.11%
1,179,833
-119,017
-9% -$2.17M
XYZ
142
Block Inc
XYZ
$48.9B
$21.6M 0.11%
+255,686
New +$18.5M
USPH icon
143
US Physical Therapy
USPH
$1.22B
$21M 0.1%
186,297
-5,157
-3% -$515K
ABBV icon
144
AbbVie
ABBV
$465B
$21M 0.1%
115,095
+51,407
+81% +$8.86M
INDI icon
145
indie Semiconductor
INDI
$636M
$20.6M 0.1%
2,906,433
+1,690,289
+139% +$11.5M
WST icon
146
West Pharmaceutical
WST
$23.7B
$20.5M 0.1%
51,768
+7,580
+17% +$2.8M
PLMR icon
147
Palomar
PLMR
$3.79B
$20.3M 0.1%
+241,633
New +$16.6M
KLAC icon
148
KLA
KLAC
$222B
$20.2M 0.1%
289,150
+34,960
+14% +$2.25M
CME icon
149
CME Group
CME
$95.4B
$19.9M 0.1%
92,250
-310,173
-77% -$65.2M
TTD icon
150
Trade Desk
TTD
$8.97B
$19.3M 0.1%
221,345
-251,117
-53% -$19M
4 5
6
7 8

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.