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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SITM icon
176
SiTime
SITM
$13.8B
$13.4M 0.07%
143,689
-3,303
-2% -$347K
FN icon
177
Fabrinet
FN
$14.9B
$13.3M 0.07%
+70,511
New +$14.1M
MS icon
178
Morgan Stanley
MS
$319B
$13M 0.06%
138,383
+15,600
+13% +$1.37M
SHOP icon
179
Shopify
SHOP
$168B
$12.6M 0.06%
163,183
-297,089
-65% -$23.5M
INMD icon
180
InMode
INMD
$871M
$12.2M 0.06%
566,618
+89,575
+19% +$2M
CDRE icon
181
Cadre Holdings
CDRE
$1.31B
$11.9M 0.06%
329,095
+82,918
+34% +$2.89M
EPAM icon
182
EPAM Systems
EPAM
$5.58B
$11.4M 0.06%
41,106
-107,419
-72% -$31.6M
LYV icon
183
Live Nation Entertainment
LYV
$42.9B
$11.2M 0.06%
106,344
-38,251
-26% -$3.62M
ODD icon
184
ODDITY Tech
ODD
$690M
$11.2M 0.06%
258,635
+29,491
+13% +$1.27M
DECK icon
185
Deckers Outdoor
DECK
$14.1B
$11.2M 0.06%
71,166
-11,880
-14% -$1.65M
DPZ icon
186
Domino's
DPZ
$11.9B
$11.1M 0.06%
22,330
+1,181
+6% +$513K
DDOG icon
187
Datadog
DDOG
$94B
$10.9M 0.05%
88,142
-8,220
-9% -$1.03M
PG icon
188
Procter & Gamble
PG
$340B
$10.5M 0.05%
64,574
+10,787
+20% +$1.69M
ICLR icon
189
Icon
ICLR
$13.7B
$10.4M 0.05%
30,826
+4,994
+19% +$1.47M
MPWR icon
190
Monolithic Power Systems
MPWR
$61.4B
$10.3M 0.05%
15,270
+5,871
+62% +$3.92M
ALT icon
191
Altimmune
ALT
$568M
$10.1M 0.05%
993,516
+666,858
+204% +$6.78M
EFX icon
192
Equifax
EFX
$22B
$10M 0.05%
+37,395
New +$9.52M
AGTI
193
DELISTED
Agiliti Inc
AGTI
$9.97M 0.05%
985,279
-903,069
-48% -$7.56M
PCTY icon
194
Paylocity
PCTY
$7.75B
$9.97M 0.05%
58,006
-11,583
-17% -$1.91M
APH icon
195
Amphenol
APH
$185B
$9.96M 0.05%
172,656
-38,652
-18% -$2.03M
MGY icon
196
Magnolia Oil & Gas
MGY
$5.93B
$9.57M 0.05%
368,874
-412,704
-53% -$9.05M
BRKR icon
197
Bruker
BRKR
$9.4B
$9.49M 0.05%
101,007
+70,876
+235% +$5.7M
TTWO icon
198
Take-Two Interactive
TTWO
$46.1B
$9.48M 0.05%
63,826
-1,132
-2% -$176K
CVX icon
199
Chevron
CVX
$382B
$9.41M 0.05%
59,638
+9,026
+18% +$1.36M
AXON
200
Axon Enterprise
AXON
$42.8B
$9.38M 0.05%
29,969
+5,054
+20% +$1.4M
6 7
8
9 10

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.