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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
JPMorgan Chase
JPM
$947B
| $21.8M | 0.11% |
107,824
-9,151
| -8% | -$1.79M |
|
127
Rapid7
RPD
$643M
| $21.4M | 0.1% |
494,509
+1,297
| +0.3% | +$54K |
|
128
Tenable Holdings
TENB
$3.58B
| $21.2M | 0.1% |
487,288
-66,620
| -12% | -$2.94M |
|
129
CoStar Group
CSGP
$11.9B
| $21.1M | 0.1% |
285,245
-64,339
| -18% | -$5.45M |
|
130
AstraZeneca
AZN
$263B
| $20.6M | 0.1% |
132,187
+102,005
| +338% | +$15.3M |
|
131
Fabrinet
FN
$16.9B
| $20.6M | 0.1% |
84,225
+13,714
| +19% | +$2.91M |
|
132
CrowdStrike
CRWD
$183B
| $20.5M | 0.1% |
213,976
+28,236
| +15% | +$2.35M |
|
133
Inspire Medical Systems
INSP
$1.47B
| $20M | 0.1% |
149,597
-72,963
| -33% | -$13.8M |
|
134
FTAI Aviation
FTAI
$22B
| $19.4M | 0.09% |
+188,287
| New | +$15M |
|
135
MYR Group
MYRG
$5.75B
| $19.2M | 0.09% |
141,354
+10,021
| +8% | +$1.57M |
|
136
Cabaletta Bio
CABA
$444M
| $18.9M | 0.09% |
2,522,882
-587,432
| -19% | -$7.2M |
|
137
CME Group
CME
$92.3B
| $18.3M | 0.09% |
92,901
+651
| +0.7% | +$135K |
|
138
CareDx
CDNA
$1.88B
| $17.9M | 0.09% |
1,149,602
+963,554
| +518% | +$11.6M |
|
139
Take-Two Interactive
TTWO
$45.3B
| $17.4M | 0.08% |
111,974
+48,148
| +75% | +$7.3M |
|
140
Xometry
XMTR
$4.75B
| $17.4M | 0.08% |
1,502,725
-627,146
| -29% | -$9.85M |
|
141
Ferguson
FERG
$45.4B
| $17M | 0.08% |
87,861
+9,341
| +12% | +$1.96M |
|
142
Arista Networks
ANET
$215B
| $16.9M | 0.08% |
192,740
-67,584
| -26% | -$5.02M |
|
143
SiTime
SITM
$15.7B
| $16.5M | 0.08% |
132,642
-11,047
| -8% | -$1.18M |
|
144
US Physical Therapy
USPH
$1.17B
| $16.3M | 0.08% |
176,620
-9,677
| -5% | -$979K |
|
145
Impinj
PI
$3.97B
| $16.2M | 0.08% |
103,602
-368,119
| -78% | -$54.7M |
|
|
NVRO
146
DELISTED
NEVRO CORP.
NVRO
| $16.2M | 0.08% |
1,928,144
-155,543
| -7% | -$1.66M |
|
147
SPX Corp
SPXC
$11B
| $16.1M | 0.08% |
+113,539
| New | +$15M |
|
148
Immunovant
IMVT
$8.23B
| $16M | 0.08% |
607,724
-664,038
| -52% | -$18.9M |
|
149
Amphenol
APH
$184B
| $15.9M | 0.08% |
235,677
+63,021
| +37% | +$3.98M |
|
150
Stevanato
STVN
$5.41B
| $15.8M | 0.08% |
861,727
+60,920
| +8% | +$1.42M |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.