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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Idexx Laboratories
IDXX
$44.9B
| $17.2M | 0.09% |
31,070
-8,211
| -21% | -$3.85M |
|
152
Alphabet (Google) Class A
GOOGL
$4.08T
| $16.9M | 0.09% |
120,692
-44,871
| -27% | -$6.03M |
|
153
Magnolia Oil & Gas
MGY
$5.55B
| $16.6M | 0.09% |
781,578
-182,117
| -19% | -$3.99M |
|
|
INVX
154
Innovex International
INVX
$1.79B
| $16.5M | 0.09% |
709,897
-233,723
| -25% | -$5.49M |
|
155
HubSpot
HUBS
$12.2B
| $16.2M | 0.09% |
27,902
-18,630
| -40% | -$8.96M |
|
156
West Pharmaceutical
WST
$23.7B
| $15.6M | 0.08% |
44,188
-54,613
| -55% | -$19.3M |
|
157
Cameco
CCJ
$37.9B
| $15.3M | 0.08% |
354,022
+59,004
| +20% | +$2.47M |
|
158
American Tower
AMT
$79.9B
| $15.2M | 0.08% |
+70,364
| New | +$13.3M |
|
|
AGTI
159
DELISTED
Agiliti Inc
AGTI
| $15M | 0.08% |
1,888,348
-185,593
| -9% | -$1.26M |
|
160
KLA
KLAC
$249B
| $14.8M | 0.08% |
254,190
+15,780
| +7% | +$821K |
|
161
Snap
SNAP
$8.02B
| $14.3M | 0.08% |
+846,033
| New | +$10.4M |
|
162
908 Devices
MASS
$288M
| $13.6M | 0.07% |
1,210,419
-121,121
| -9% | -$828K |
|
163
Live Nation Entertainment
LYV
$42.1B
| $13.5M | 0.07% |
144,595
-1,155
| -0.8% | -$99.4K |
|
164
D.R. Horton
DHI
$42.3B
| $13.5M | 0.07% |
88,737
+70,344
| +382% | +$8.66M |
|
165
EOG Resources
EOG
$74.4B
| $12.9M | 0.07% |
106,474
-470,316
| -82% | -$58.5M |
|
166
Insulet
PODD
$11.6B
| $12.6M | 0.07% |
58,135
-42,712
| -42% | -$7.33M |
|
|
WCN
167
Waste Connections
WCN
$42.7B
| $12.4M | 0.07% |
83,152
-34,866
| -30% | -$4.79M |
|
168
Home Depot
HD
$343B
| $11.9M | 0.06% |
34,247
-2,690
| -7% | -$833K |
|
169
Structure Therapeutics
GPCR
$3.4B
| $11.9M | 0.06% |
291,097
+191,757
| +193% | +$11M |
|
170
Verisk Analytics
VRSK
$27.8B
| $11.8M | 0.06% |
49,213
-6,869
| -12% | -$1.63M |
|
171
Datadog
DDOG
$89.3B
| $11.7M | 0.06% |
96,362
-573,483
| -86% | -$59.1M |
|
172
Paylocity
PCTY
$7.43B
| $11.5M | 0.06% |
69,589
-1,412
| -2% | -$238K |
|
173
Morgan Stanley
MS
$333B
| $11.4M | 0.06% |
122,783
+8,809
| +8% | +$705K |
|
174
Upstart Holdings
UPST
$2.66B
| $11.2M | 0.06% |
275,315
-232,735
| -46% | -$7.09M |
|
175
ODDITY Tech
ODD
$784M
| $10.7M | 0.06% |
229,144
-78,688
| -26% | -$2.66M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% 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 Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.