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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Ferrari
RACE
$66.3B
| $22M | 0.11% |
67,647
+8,831
| +15% | +$2.57M |
|
152
Magnolia Oil & Gas
MGY
$5.7B
| $21.8M | 0.11% |
1,044,500
-372,041
| -26% | -$7.69M |
|
153
InMode
INMD
$891M
| $21.4M | 0.11% |
572,979
-40,341
| -7% | -$1.41M |
|
154
Alphabet (Google) Class A
GOOGL
$4.02T
| $21.1M | 0.11% |
176,535
+19,819
| +13% | +$2.28M |
|
|
SLRN
155
DELISTED
ACELYRIN
SLRN
| $21.1M | 0.11% |
+1,010,049
| New | +$20.7M |
|
|
WCN
156
Waste Connections
WCN
$43B
| $20.8M | 0.11% |
145,623
-119,382
| -45% | -$16.7M |
|
157
Impinj
PI
$3.89B
| $20.4M | 0.1% |
227,672
-107,929
| -32% | -$11.5M |
|
158
Globant
GLOB
$1.43B
| $20.2M | 0.1% |
112,433
-161,291
| -59% | -$26.5M |
|
159
Shopify
SHOP
$161B
| $19.9M | 0.1% |
307,555
+9,207
| +3% | +$520K |
|
160
Yum China
YUMC
$15.3B
| $19.4M | 0.1% |
342,736
-511,591
| -60% | -$30.9M |
|
161
SentinelOne
S
$6.3B
| $19.1M | 0.1% |
+1,261,836
| New | +$21.3M |
|
162
KLA
KLAC
$262B
| $18.9M | 0.1% |
389,040
+6,500
| +2% | +$272K |
|
163
SiTime
SITM
$15.5B
| $18.6M | 0.1% |
157,694
+107,391
| +213% | +$11.7M |
|
164
BJs Wholesale Club
BJ
$12.1B
| $18.4M | 0.09% |
291,245
-40,378
| -12% | -$2.79M |
|
165
Idexx Laboratories
IDXX
$44B
| $17.4M | 0.09% |
34,672
-11,354
| -25% | -$5.44M |
|
166
Shake Shack
SHAK
$2.47B
| $17.2M | 0.09% |
221,205
-41,562
| -16% | -$2.67M |
|
167
SolarEdge
SEDG
$2.56B
| $16.8M | 0.09% |
62,531
-31,579
| -34% | -$9.06M |
|
168
BILL Holdings
BILL
$4.5B
| $16.6M | 0.08% |
142,279
-1,618
| -1% | -$154K |
|
|
APLS
169
DELISTED
Apellis Pharmaceuticals
APLS
| $16.6M | 0.08% |
181,995
-249
| -0.1% | -$21.5K |
|
170
NeoGenomics
NEO
$1.73B
| $15.6M | 0.08% |
972,580
+972,525
| +1,768,227% | +$16M |
|
171
Broadcom
AVGO
$1.82T
| $15.5M | 0.08% |
178,600
+16,520
| +10% | +$1.18M |
|
172
Snowflake
SNOW
$93.9B
| $15.5M | 0.08% |
87,926
+56,997
| +184% | +$9.27M |
|
173
Exponent
EXPO
$3.04B
| $15.2M | 0.08% |
162,493
+46,721
| +40% | +$4.39M |
|
174
Paylocity
PCTY
$7.09B
| $15.1M | 0.08% |
81,824
-25,544
| -24% | -$4.68M |
|
175
Kratos Defense & Security Solutions
KTOS
$9.15B
| $15M | 0.08% |
1,048,772
-52,928
| -5% | -$717K |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.