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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
+10.33%
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
$20.6B
AUM Growth
+$404M
(+2%)
Cap. Flow
-$918M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$271M |
| 2 |
Constellation Energy
CEG
|
+$108M |
| 3 |
HubSpot
HUBS
|
+$83.9M |
| 4 |
Apple
AAPL
|
+$83.5M |
| 5 |
Equinix
EQIX
|
+$56.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$130M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$107M |
| 3 |
Advanced Micro Devices
AMD
|
+$94.7M |
| 4 |
Mobileye
MBLY
|
+$80.9M |
| 5 |
Acadia Healthcare
ACHC
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.24% |
| 2 | Healthcare | 15.44% |
| 3 | Communication Services | 13.11% |
| 4 | Consumer Discretionary | 10.67% |
| 5 | Industrials | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Upstart Holdings
UPST
$2.63B
| $11.6M | 0.06% |
492,423
-15,103
| -3% | -$364K |
|
177
Merck
MRK
$323B
| $11.6M | 0.06% |
93,299
+23,589
| +34% | +$3.04M |
|
178
ExxonMobil
XOM
$642B
| $11.3M | 0.06% |
98,421
+33,893
| +53% | +$3.95M |
|
179
Structure Therapeutics
GPCR
$3.46B
| $11.3M | 0.05% |
287,636
-125,741
| -30% | -$5.16M |
|
180
Icon
ICLR
$13B
| $11.3M | 0.05% |
35,958
+5,132
| +17% | +$1.61M |
|
181
Qualcomm
QCOM
$179B
| $11.1M | 0.05% |
55,972
+3,078
| +6% | +$581K |
|
182
Procter & Gamble
PG
$346B
| $11.1M | 0.05% |
67,580
+3,006
| +5% | +$491K |
|
183
Core Laboratories
CLB
$518M
| $11M | 0.05% |
544,151
-318,121
| -37% | -$5.63M |
|
184
indie Semiconductor
INDI
$727M
| $10.4M | 0.05% |
1,677,851
-1,228,582
| -42% | -$7.81M |
|
185
Insulet
PODD
$11.4B
| $10.2M | 0.05% |
50,328
+19,806
| +65% | +$3.57M |
|
186
Chevron
CVX
$378B
| $10M | 0.05% |
64,073
+4,435
| +7% | +$707K |
|
187
InMode
INMD
$884M
| $9.83M | 0.05% |
538,916
-27,702
| -5% | -$509K |
|
188
Live Nation Entertainment
LYV
$41.7B
| $9.81M | 0.05% |
104,694
-1,650
| -2% | -$156K |
|
189
Definitive Healthcare
DH
$71.1M
| $9.71M | 0.05% |
1,777,867
-437,978
| -20% | -$2.76M |
|
190
MakeMyTrip
MMYT
$4.97B
| $9.54M | 0.05% |
113,453
-15,040
| -12% | -$1.12M |
|
191
Nutanix
NTNX
$15.4B
| $9.44M | 0.05% |
+166,074
| New | +$10.2M |
|
192
Magnolia Oil & Gas
MGY
$5.53B
| $9.33M | 0.05% |
368,190
-684
| -0.2% | -$17.4K |
|
|
FISV
193
Fiserv Inc
FISV
$27.9B
| $9.31M | 0.05% |
62,470
+62,073
| +15,636% | +$9.4M |
|
194
Hilton Worldwide
HLT
$75.3B
| $9.08M | 0.04% |
41,599
-884
| -2% | -$182K |
|
195
Deckers Outdoor
DECK
$13.6B
| $8.98M | 0.04% |
55,674
-15,492
| -22% | -$2.38M |
|
196
PUT
Invesco QQQ Trust
QQQ
$449B
| $8.86M | 0.04% |
+18,500
| New | +$8.32M |
|
197
Celsius Holdings
CELH
$7.36B
| $8.86M | 0.04% |
155,157
-503,272
| -76% | -$38M |
|
|
AXON
198
Axon Enterprise
AXON
$42.4B
| $8.83M | 0.04% |
30,005
+36
| +0.1% | +$10.7K |
|
199
Ecolab
ECL
$76.4B
| $8.66M | 0.04% |
+36,399
| New | +$8.41M |
|
200
Blackrock
BLK
$165B
| $8.65M | 0.04% |
10,983
+830
| +8% | +$648K |
|
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Fred Alger Management's Q2 2024 Portfolio in Review
As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.
- Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
- Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
- Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
- Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
- Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
- Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
- Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.
Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.