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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
US Physical Therapy
USPH
$1.2B
| $17.1M | 0.1% |
186,152
-67,176
| -27% | -$7.22M |
|
152
Palo Alto Networks
PANW
$260B
| $16.8M | 0.1% |
142,982
-117,164
| -45% | -$13.9M |
|
153
NeoGenomics
NEO
$1.74B
| $16.4M | 0.09% |
1,331,700
+359,120
| +37% | +$5.34M |
|
|
154
JPMorgan Chase
JPM
$950B
| $16.3M | 0.09% |
112,575
-811,896
| -88% | -$122M |
|
155
Insulet
PODD
$11.6B
| $16.1M | 0.09% |
100,847
-163,720
| -62% | -$36.7M |
|
156
e.l.f. Beauty
ELF
$4.96B
| $16.1M | 0.09% |
146,235
+134,174
| +1,112% | +$16.3M |
|
|
WCN
157
Waste Connections
WCN
$42.7B
| $15.8M | 0.09% |
118,018
-27,605
| -19% | -$3.86M |
|
158
Deere & Co
DE
$173B
| $15.8M | 0.09% |
41,905
+40,434
| +2,749% | +$16.7M |
|
159
Intapp
INTA
$2.36B
| $15.6M | 0.09% |
+465,183
| New | +$17M |
|
160
Kratos Defense & Security Solutions
KTOS
$9.12B
| $15.3M | 0.09% |
1,018,838
-29,934
| -3% | -$445K |
|
161
AbbVie
ABBV
$465B
| $14.7M | 0.08% |
98,533
-84,443
| -46% | -$12.4M |
|
162
Upstart Holdings
UPST
$2.66B
| $14.5M | 0.08% |
508,050
+279,110
| +122% | +$11.2M |
|
163
Snowflake
SNOW
$93.7B
| $14.2M | 0.08% |
93,149
+5,223
| +6% | +$850K |
|
164
Paycom
PAYC
$7.54B
| $14M | 0.08% |
54,097
-14,417
| -21% | -$4.39M |
|
|
AGTI
165
DELISTED
Agiliti Inc
AGTI
| $13.5M | 0.08% |
2,073,941
-742,783
| -26% | -$9M |
|
166
HealthEquity
HQY
$8.46B
| $13.5M | 0.08% |
184,201
+22
| +0% | +$1.49K |
|
167
ON Semiconductor
ON
$32.8B
| $13.3M | 0.08% |
143,550
-807,096
| -85% | -$78.4M |
|
168
Verisk Analytics
VRSK
$27.8B
| $13.2M | 0.08% |
56,082
-1,925
| -3% | -$454K |
|
169
Paylocity
PCTY
$7.43B
| $12.9M | 0.07% |
71,001
-10,823
| -13% | -$2.17M |
|
170
BJs Wholesale Club
BJ
$12.4B
| $12.7M | 0.07% |
177,575
-113,670
| -39% | -$7.65M |
|
171
Shopify
SHOP
$169B
| $12.3M | 0.07% |
225,042
-82,513
| -27% | -$5M |
|
172
Live Nation Entertainment
LYV
$42.1B
| $12.1M | 0.07% |
145,750
-487,484
| -77% | -$42.5M |
|
173
Cameco
CCJ
$37.9B
| $11.7M | 0.07% |
295,018
-44,678
| -13% | -$1.58M |
|
174
MSCI
MSCI
$42.1B
| $11.5M | 0.07% |
22,444
-539
| -2% | -$283K |
|
175
Home Depot
HD
$343B
| $11.2M | 0.06% |
36,937
-62
| -0.2% | -$19.9K |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.