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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CTRA
151
DELISTED
Coterra Energy
CTRA
| $26.8M | 0.13% |
+1,037,594
| New | +$31.5M |
|
152
Rapid7
RPD
$634M
| $26.6M | 0.12% |
397,598
-37,101
| -9% | -$3.07M |
|
153
EPAM Systems
EPAM
$4.69B
| $26.5M | 0.12% |
89,869
+69,988
| +352% | +$21.4M |
|
154
Transcat
TRNS
$793M
| $26.3M | 0.12% |
462,431
-153,609
| -25% | -$10.6M |
|
155
Ollie's Bargain Outlet
OLLI
$4.01B
| $25.6M | 0.12% |
435,626
-27,764
| -6% | -$1.4M |
|
156
Bruker
BRKR
$9.2B
| $25.3M | 0.12% |
402,579
+402,238
| +117,958% | +$24.7M |
|
|
LUXE
157
LuxExperience B.V.
LUXE
$1.1B
| $24.6M | 0.11% |
2,490,507
-397,215
| -14% | -$4.49M |
|
158
BioLife Solutions
BLFS
$1.46B
| $24.5M | 0.11% |
1,774,834
-76,258
| -4% | -$1.12M |
|
159
Enphase Energy
ENPH
$4.84B
| $23.4M | 0.11% |
119,955
+49,531
| +70% | +$8.95M |
|
160
TaskUs
TASK
$506M
| $23.2M | 0.11% |
1,377,234
-713,569
| -34% | -$18.2M |
|
|
BCPC
161
Balchem Corp
BCPC
$5.23B
| $22.9M | 0.11% |
176,538
-10,242
| -5% | -$1.28M |
|
162
Acadia Pharmaceuticals
ACAD
$4.25B
| $22.9M | 0.11% |
1,621,768
-94,169
| -5% | -$1.76M |
|
163
GXO Logistics
GXO
$6.06B
| $22.7M | 0.11% |
524,051
-159,800
| -23% | -$8.84M |
|
164
Definitive Healthcare
DH
$72.1M
| $22.4M | 0.1% |
975,570
+910,076
| +1,390% | +$19.5M |
|
165
BioNTech
BNTX
$22.6B
| $22.2M | 0.1% |
149,164
-125,495
| -46% | -$19.2M |
|
166
Netflix
NFLX
$292B
| $22.1M | 0.1% |
1,261,290
-1,900,110
| -60% | -$42.1M |
|
167
908 Devices
MASS
$293M
| $22M | 0.1% |
1,070,259
+343,087
| +47% | +$5.76M |
|
168
KLA
KLAC
$275B
| $21.7M | 0.1% |
681,550
-206,490
| -23% | -$6.94M |
|
|
SGEN
169
DELISTED
Seagen Inc. Common Stock
SGEN
| $21.5M | 0.1% |
121,562
+94,528
| +350% | +$13.6M |
|
|
HZNP
170
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $21.1M | 0.1% |
264,990
-63,452
| -19% | -$6.01M |
|
171
Manhattan Associates
MANH
$8.97B
| $21M | 0.1% |
183,600
-44,969
| -20% | -$5.6M |
|
172
Zebra Technologies
ZBRA
$12.4B
| $20M | 0.09% |
+68,149
| New | +$23.7M |
|
173
Avantor
AVTR
$7.81B
| $19.9M | 0.09% |
640,452
-1,550
| -0.2% | -$48.4K |
|
174
United Therapeutics
UTHR
$26.3B
| $19.5M | 0.09% |
+82,844
| New | +$16.8M |
|
175
Cintas
CTAS
$82.4B
| $18.7M | 0.09% |
200,504
+43,756
| +28% | +$4.26M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.