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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Shopify
SHOP
$168B
| $14.3M | 0.08% |
298,348
-285,434
| -49% | -$12.6M |
|
177
Inogen
INGN
$174M
| $14M | 0.08% |
1,124,501
-16,454
| -1% | -$315K |
|
178
Bentley Systems
BSY
$11.2B
| $13.9M | 0.07% |
323,913
-34,615
| -10% | -$1.38M |
|
179
Celldex Therapeutics
CLDX
$2.94B
| $13.1M | 0.07% |
364,273
-156,599
| -30% | -$6.76M |
|
180
BioMarin Pharmaceuticals
BMRN
$11.9B
| $12.9M | 0.07% |
132,923
+60,297
| +83% | +$6.25M |
|
181
US Foods
USFD
$22.5B
| $12.7M | 0.07% |
342,520
-27,512
| -7% | -$1.02M |
|
182
Waste Management
WM
$95B
| $12.5M | 0.07% |
+76,723
| New | +$11.8M |
|
183
Neogen
NEOG
$2.05B
| $12.5M | 0.07% |
672,393
+12,091
| +2% | +$227K |
|
184
MSCI
MSCI
$42.4B
| $12.2M | 0.07% |
21,760
-12,277
| -36% | -$6.49M |
|
185
Chipotle Mexican Grill
CMG
$43.9B
| $12.1M | 0.06% |
355,000
-231,950
| -40% | -$7.29M |
|
|
APLS
186
DELISTED
Apellis Pharmaceuticals
APLS
| $12M | 0.06% |
182,244
-24,019
| -12% | -$1.39M |
|
187
Airbnb
ABNB
$90.8B
| $11.9M | 0.06% |
95,793
+50,245
| +110% | +$5.74M |
|
188
Roblox
RBLX
$35.9B
| $11.9M | 0.06% |
+264,030
| New | +$10.1M |
|
189
BILL Holdings
BILL
$4.72B
| $11.7M | 0.06% |
143,897
+14,382
| +11% | +$1.33M |
|
190
Exponent
EXPO
$3.19B
| $11.5M | 0.06% |
+115,772
| New | +$11.8M |
|
191
Starbucks
SBUX
$119B
| $11.4M | 0.06% |
109,687
-300,016
| -73% | -$31.2M |
|
192
Humana
HUM
$43.9B
| $11.3M | 0.06% |
23,354
-228,871
| -91% | -$113M |
|
|
AYX
193
DELISTED
Alteryx Inc
AYX
| $10.9M | 0.06% |
186,040
-31,403
| -14% | -$1.83M |
|
194
Grid Dynamics Holdings
GDYN
$569M
| $10.8M | 0.06% |
946,585
-327,937
| -26% | -$3.85M |
|
195
Home Depot
HD
$337B
| $10.8M | 0.06% |
36,733
+1,561
| +4% | +$479K |
|
196
AutoZone
AZO
$51.3B
| $10.4M | 0.06% |
4,241
-898
| -17% | -$2.19M |
|
197
Capri Holdings
CPRI
$1.82B
| $10.4M | 0.06% |
221,690
-530,434
| -71% | -$28.5M |
|
198
Broadcom
AVGO
$1.76T
| $10.4M | 0.06% |
162,080
+18,880
| +13% | +$1.14M |
|
199
Morgan Stanley
MS
$319B
| $10M | 0.05% |
113,974
-70,645
| -38% | -$6.59M |
|
200
GE HealthCare
GEHC
$32.5B
| $9.81M | 0.05% |
+119,631
| New | +$8.54M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.