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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Aaon
AAON
$8.29B
| $15.7M | 0.08% |
+179,968
| New | +$14.7M |
|
152
Flywire
FLYW
$2B
| $15.4M | 0.08% |
941,568
-283,842
| -23% | -$5.36M |
|
153
Chipotle Mexican Grill
CMG
$42.6B
| $15.1M | 0.07% |
241,584
-2,866
| -1% | -$178K |
|
154
AbbVie
ABBV
$455B
| $15M | 0.07% |
87,433
-27,662
| -24% | -$4.58M |
|
155
Veeva Systems
VEEV
$31.6B
| $14.5M | 0.07% |
79,245
-77,110
| -49% | -$15.3M |
|
156
Semtech
SMTC
$11.3B
| $14.3M | 0.07% |
+478,826
| New | +$16.7M |
|
157
Morgan Stanley
MS
$337B
| $14.2M | 0.07% |
146,576
+8,193
| +6% | +$780K |
|
|
WCN
158
Waste Connections
WCN
$42.8B
| $14M | 0.07% |
80,075
+679
| +0.9% | +$113K |
|
159
Home Depot
HD
$335B
| $13.8M | 0.07% |
39,994
+2,079
| +5% | +$709K |
|
160
Blue Owl Capital
OWL
$6.52B
| $13.7M | 0.07% |
769,745
-1,074,383
| -58% | -$19.7M |
|
161
Intuit
INTU
$83.1B
| $13.6M | 0.07% |
20,736
-75,671
| -78% | -$46.9M |
|
162
Ferrari
RACE
$66.9B
| $13.6M | 0.07% |
33,255
-3,637
| -10% | -$1.51M |
|
163
Trip.com Group
TCOM
$28.2B
| $13.5M | 0.07% |
287,204
+105,105
| +58% | +$5.35M |
|
164
Verisk Analytics
VRSK
$27.1B
| $13.2M | 0.06% |
49,049
+12,788
| +35% | +$3.13M |
|
165
Cadre Holdings
CDRE
$1.41B
| $13.2M | 0.06% |
393,638
+64,543
| +20% | +$2.13M |
|
166
Loar Holdings
LOAR
$6.72B
| $13.1M | 0.06% |
+244,996
| New | +$13.3M |
|
167
First Advantage
FA
$3.42B
| $12.9M | 0.06% |
+803,094
| New | +$12.9M |
|
168
NextEra Energy
NEE
$185B
| $12.7M | 0.06% |
179,801
+130,829
| +267% | +$9.28M |
|
169
Datadog
DDOG
$89.7B
| $12.5M | 0.06% |
96,740
+8,598
| +10% | +$1.04M |
|
170
CryoPort
CYRX
$766M
| $12.4M | 0.06% |
1,800,287
-191,490
| -10% | -$2.58M |
|
171
Domino's
DPZ
$11.4B
| $12.3M | 0.06% |
23,830
+1,500
| +7% | +$765K |
|
172
Idexx Laboratories
IDXX
$43.9B
| $12.1M | 0.06% |
24,738
-874
| -3% | -$439K |
|
173
Regeneron Pharmaceuticals
REGN
$70.1B
| $11.7M | 0.06% |
11,123
-36,878
| -77% | -$35.7M |
|
174
Astera Labs
ALAB
$48.3B
| $11.7M | 0.06% |
193,156
-165,265
| -46% | -$11.5M |
|
175
Monolithic Power Systems
MPWR
$65.8B
| $11.7M | 0.06% |
14,186
-1,084
| -7% | -$782K |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.