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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
KLA
KLAC
$249B
| $10.9M | 0.06% |
238,410
-150,630
| -39% | -$7.22M |
|
177
Floor & Decor
FND
$6.14B
| $10.9M | 0.06% |
120,048
-4,532
| -4% | -$462K |
|
|
178
Las Vegas Sands
LVS
$32B
| $10.4M | 0.06% |
226,156
-2,488,833
| -92% | -$135M |
|
179
Neurocrine Biosciences
NBIX
$18.4B
| $10.1M | 0.06% |
+89,938
| New | +$9.47M |
|
180
AAR Corp
AIR
$5.62B
| $9.92M | 0.06% |
+166,633
| New | +$9.92M |
|
181
QuidelOrtho
QDEL
$1.14B
| $9.76M | 0.06% |
133,571
-601,326
| -82% | -$48M |
|
182
BILL Holdings
BILL
$4.62B
| $9.38M | 0.05% |
86,372
-55,907
| -39% | -$6.36M |
|
183
Capri Holdings
CPRI
$1.88B
| $9.36M | 0.05% |
177,930
-39,132
| -18% | -$1.77M |
|
184
Morgan Stanley
MS
$333B
| $9.31M | 0.05% |
113,974
| – | – |
|
185
Take-Two Interactive
TTWO
$46.3B
| $9.22M | 0.05% |
65,664
-231
| -0.4% | -$33.3K |
|
186
Neogen
NEOG
$2B
| $9.14M | 0.05% |
493,095
-135
| -0% | -$2.94K |
|
187
Blackbaud
BLKB
$1.65B
| $9.01M | 0.05% |
128,171
-9,268
| -7% | -$682K |
|
188
Rivian
RIVN
$24.2B
| $8.92M | 0.05% |
367,326
+160,898
| +78% | +$3.76M |
|
189
908 Devices
MASS
$288M
| $8.87M | 0.05% |
1,331,540
-455,372
| -25% | -$3.15M |
|
190
Amphenol
APH
$177B
| $8.75M | 0.05% |
208,310
+10,566
| +5% | +$454K |
|
191
ODDITY Tech
ODD
$784M
| $8.73M | 0.05% |
+307,832
| New | +$13M |
|
192
Shake Shack
SHAK
$2.55B
| $8.53M | 0.05% |
146,902
-74,303
| -34% | -$5.28M |
|
193
Sarepta Therapeutics
SRPT
$1.63B
| $7.96M | 0.05% |
65,674
+9,819
| +18% | +$1.11M |
|
194
Chevron
CVX
$374B
| $7.58M | 0.04% |
44,982
-85
| -0.2% | -$13.7K |
|
195
Hilton Worldwide
HLT
$72.6B
| $7.47M | 0.04% |
49,773
-2,612
| -5% | -$395K |
|
|
ANSS
196
DELISTED
Ansys
ANSS
| $7.38M | 0.04% |
24,799
+3,020
| +14% | +$956K |
|
197
Procter & Gamble
PG
$347B
| $7.33M | 0.04% |
50,240
+167
| +0.3% | +$25.5K |
|
198
MakeMyTrip
MMYT
$5.05B
| $7.28M | 0.04% |
179,561
+39,908
| +29% | +$1.38M |
|
199
Honeywell
HON
$78.3B
| $7.26M | 0.04% |
41,695
| – | – |
|
200
PepsiCo
PEP
$195B
| $7.25M | 0.04% |
42,786
| – | – |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.