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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANET icon
151
Arista Networks
ANET
$207B
$18.9M 0.09%
260,324
-83,892
-24% -$5.66M
SVV icon
152
Savers
SVV
$1.54B
$18.6M 0.09%
967,098
+456,887
+90% +$8.53M
GTES icon
153
Gates Industrial Corporation Ltd.
GTES
$6.4B
$18.4M 0.09%
1,038,150
+665,032
+178% +$9.62M
DH icon
154
Definitive Healthcare
DH
$78.5M
$17.9M 0.09%
2,215,845
-565,561
-20% -$5M
GPCR icon
155
Structure Therapeutics
GPCR
$3.44B
$17.7M 0.09%
413,377
+122,280
+42% +$5.16M
CCJ icon
156
Cameco
CCJ
$37.6B
$17.7M 0.09%
407,948
+53,926
+15% +$2.36M
MDGL icon
157
Madrigal Pharmaceuticals
MDGL
$12.7B
$17.2M 0.09%
64,576
+46,479
+257% +$11M
FERG icon
158
Ferguson
FERG
$43.8B
$17.2M 0.09%
78,520
+63,452
+421% +$12.6M
INFA
159
DELISTED
Informatica
INFA
$17M 0.08%
486,281
+382,584
+369% +$12M
ATRC icon
160
AtriCure
ATRC
$2.09B
$17M 0.08%
558,570
-595,488
-52% -$19.9M
GPN icon
161
Global Payments
GPN
$24.2B
$16.8M 0.08%
125,932
+109,934
+687% +$14.5M
TXG icon
162
10x Genomics
TXG
$6.07B
$16.7M 0.08%
445,567
+40,384
+10% +$1.77M
HUBS icon
163
HubSpot
HUBS
$12.8B
$16.6M 0.08%
26,498
-1,404
-5% -$844K
IEX icon
164
IDEX
IEX
$17.1B
$16.5M 0.08%
+67,810
New +$15.3M
RACE icon
165
Ferrari
RACE
$68.5B
$16.1M 0.08%
36,892
-28,584
-44% -$11.1M
CRWD icon
166
CrowdStrike
CRWD
$186B
$14.9M 0.07%
185,740
+122,320
+193% +$9.36M
CLB icon
167
Core Laboratories
CLB
$467M
$14.7M 0.07%
862,272
-158,277
-16% -$2.49M
DV icon
168
DoubleVerify
DV
$1.77B
$14.6M 0.07%
+414,237
New +$15.4M
HD icon
169
Home Depot
HD
$340B
$14.5M 0.07%
37,915
+3,668
+11% +$1.34M
CMG icon
170
Chipotle Mexican Grill
CMG
$44B
$14.2M 0.07%
244,450
+67,350
+38% +$3.44M
PYPL icon
171
PayPal
PYPL
$50.9B
$13.8M 0.07%
206,691
+86,896
+73% +$5.33M
IDXX icon
172
Idexx Laboratories
IDXX
$45B
$13.8M 0.07%
25,612
-5,458
-18% -$2.98M
ARES icon
173
Ares Management
ARES
$28.2B
$13.7M 0.07%
102,773
-72,601
-41% -$9.27M
WCN
174
Waste Connections
WCN
$43.6B
$13.7M 0.07%
79,396
-3,756
-5% -$604K
UPST icon
175
Upstart Holdings
UPST
$2.62B
$13.6M 0.07%
507,526
+232,211
+84% +$6.87M
5 6
7
8 9

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% 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 Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.