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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Rivian
RIVN
$24.2B
| $17.6M | 0.09% |
534,231
+72,802
| +16% | +$2.48M |
|
177
Rapid7
RPD
$642M
| $17M | 0.09% |
397,231
-367
| -0.1% | -$22.7K |
|
178
Baker Hughes
BKR
$58B
| $16.2M | 0.08% |
772,206
-3,542,965
| -82% | -$88.7M |
|
179
Cintas
CTAS
$86B
| $16.1M | 0.08% |
165,984
-34,520
| -17% | -$3.52M |
|
180
Adobe
ADBE
$99B
| $15.8M | 0.08% |
57,347
-189,910
| -77% | -$71.9M |
|
|
RETA
181
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $15.4M | 0.08% |
+611,923
| New | +$17M |
|
182
Ultragenyx Pharmaceutical
RARE
$2.56B
| $15.1M | 0.08% |
365,713
+103,512
| +39% | +$5.32M |
|
183
Pinduoduo
PDD
$122B
| $14.7M | 0.07% |
+234,162
| New | +$13.6M |
|
184
TechTarget
TTGT
$323M
| $14.2M | 0.07% |
239,016
+4,385
| +2% | +$282K |
|
185
NeoGenomics
NEO
$1.74B
| $14.1M | 0.07% |
1,633,904
+1,060,294
| +185% | +$10.5M |
|
186
HubSpot
HUBS
$12.2B
| $13.4M | 0.07% |
49,689
-2,465
| -5% | -$783K |
|
187
Meta Platforms (Facebook)
META
$1.51T
| $12.9M | 0.07% |
95,263
-4,375
| -4% | -$709K |
|
188
Occidental Petroleum
OXY
$53.6B
| $12.8M | 0.06% |
+207,727
| New | +$13.3M |
|
189
Avantor
AVTR
$8.48B
| $12.6M | 0.06% |
640,530
+78
| +0% | +$2.09K |
|
190
Celldex Therapeutics
CLDX
$2.79B
| $12.5M | 0.06% |
443,642
+200,259
| +82% | +$6.14M |
|
191
US Foods
USFD
$22.3B
| $12.4M | 0.06% |
470,026
+3,506
| +0.8% | +$109K |
|
192
Kratos Defense & Security Solutions
KTOS
$9.12B
| $12.2M | 0.06% |
1,204,498
-39,660
| -3% | -$531K |
|
|
AYX
193
DELISTED
Alteryx Inc
AYX
| $12.1M | 0.06% |
217,363
-37
| -0% | -$2.17K |
|
194
Tyler Technologies
TYL
$13.7B
| $11.8M | 0.06% |
34,070
+2,644
| +8% | +$983K |
|
195
Bentley Systems
BSY
$10.9B
| $11.6M | 0.06% |
379,808
-50,487
| -12% | -$1.85M |
|
196
XPO
XPO
$24B
| $11.5M | 0.06% |
433,034
-11,645
| -3% | -$363K |
|
197
EPAM Systems
EPAM
$5.25B
| $11.1M | 0.06% |
30,668
-59,201
| -66% | -$22.6M |
|
198
Neogen
NEOG
$2B
| $11.1M | 0.06% |
791,650
-3,109,175
| -80% | -$62.6M |
|
199
Toast
TOST
$18.8B
| $11M | 0.06% |
+659,166
| New | +$11.4M |
|
200
Chipotle Mexican Grill
CMG
$43B
| $11M | 0.06% |
364,750
+360,350
| +8,190% | +$11.2M |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.