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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
-20.08%
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
$21.4B
AUM Growth
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
JD.com
JD
$41.7B
| $18.2M | 0.09% |
283,659
+265,308
| +1,446% | +$15.3M |
|
177
Centene
CNC
$31.9B
| $17.7M | 0.08% |
209,271
+97,344
| +87% | +$8.08M |
|
178
Kratos Defense & Security Solutions
KTOS
$9.24B
| $17.3M | 0.08% |
1,244,158
+142,879
| +13% | +$2.22M |
|
179
Cencora
COR
$60.6B
| $16.8M | 0.08% |
+118,515
| New | +$18.1M |
|
180
Jazz Pharmaceuticals
JAZZ
$16.1B
| $16.6M | 0.08% |
106,516
+84,786
| +390% | +$13.1M |
|
181
Meta Platforms (Facebook)
META
$1.52T
| $16.1M | 0.08% |
99,638
-122,559
| -55% | -$23.6M |
|
182
MP Materials
MP
$7.6B
| $15.8M | 0.07% |
493,760
+32,584
| +7% | +$1.31M |
|
183
HubSpot
HUBS
$11.6B
| $15.7M | 0.07% |
52,154
+159
| +0.3% | +$58.1K |
|
184
Ultragenyx Pharmaceutical
RARE
$2.67B
| $15.6M | 0.07% |
262,201
-17,572
| -6% | -$1.08M |
|
|
GOOS
185
Canada Goose Holdings
GOOS
$883M
| $15.6M | 0.07% |
866,560
-31,838
| -4% | -$672K |
|
|
PETQ
186
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $15.5M | 0.07% |
923,498
+302,199
| +49% | +$5.54M |
|
187
TechTarget
TTGT
$281M
| $15.4M | 0.07% |
234,631
+108,985
| +87% | +$7.6M |
|
188
General Motors
GM
$76.5B
| $15.2M | 0.07% |
479,983
-1,207,502
| -72% | -$45.3M |
|
189
Constellation Energy
CEG
$97.5B
| $15M | 0.07% |
+262,677
| New | +$15.8M |
|
190
Eli Lilly
LLY
$1.07T
| $15M | 0.07% |
46,215
+6,384
| +16% | +$1.92M |
|
191
Antero Resources
AR
$10.7B
| $14.7M | 0.07% |
+479,535
| New | +$17.5M |
|
192
Bentley Systems
BSY
$10.1B
| $14.3M | 0.07% |
430,295
-860
| -0.2% | -$31.6K |
|
193
US Foods
USFD
$21.8B
| $14.3M | 0.07% |
466,520
+97,249
| +26% | +$3.29M |
|
194
O'Reilly Automotive
ORLY
$75.2B
| $13.9M | 0.07% |
330,990
-111,810
| -25% | -$4.81M |
|
195
Grid Dynamics Holdings
GDYN
$506M
| $13.5M | 0.06% |
799,978
+742,289
| +1,287% | +$12.1M |
|
196
Inogen
INGN
$174M
| $12.8M | 0.06% |
530,618
+21,341
| +4% | +$567K |
|
197
United Rentals
URI
$69.9B
| $12.8M | 0.06% |
52,817
-87
| -0.2% | -$25.6K |
|
|
198
XPO
XPO
$24.2B
| $12.7M | 0.06% |
444,679
-4,580,389
| -91% | -$146M |
|
199
Latham Group
SWIM
$660M
| $12.2M | 0.06% |
1,766,426
-4,273,998
| -71% | -$45.4M |
|
200
VeriSign
VRSN
$25.2B
| $11.9M | 0.06% |
71,194
+29,953
| +73% | +$5.49M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.