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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Enphase Energy
ENPH
$4.86B
| $8.54M | 0.04% |
51,007
+50,871
| +37,405% | +$9.09M |
|
202
Amphenol
APH
$182B
| $8.4M | 0.04% |
197,744
+17,514
| +10% | +$680K |
|
203
AutoZone
AZO
$50.4B
| $8.32M | 0.04% |
3,336
-905
| -21% | -$2.31M |
|
204
Upstart Holdings
UPST
$2.65B
| $8.2M | 0.04% |
228,940
+80,428
| +54% | +$1.85M |
|
205
Honeywell
HON
$77.3B
| $8.15M | 0.04% |
41,695
| – | – |
|
206
PepsiCo
PEP
$191B
| $7.92M | 0.04% |
42,786
-32
| -0.1% | -$5.97K |
|
207
Capri Holdings
CPRI
$1.81B
| $7.79M | 0.04% |
217,062
-4,628
| -2% | -$184K |
|
208
O'Reilly Automotive
ORLY
$75.6B
| $7.75M | 0.04% |
121,740
-34,035
| -22% | -$2.08M |
|
209
Hilton Worldwide
HLT
$74.5B
| $7.62M | 0.04% |
52,385
-123,990
| -70% | -$17.7M |
|
210
Procter & Gamble
PG
$347B
| $7.6M | 0.04% |
50,073
+167
| +0.3% | +$25.2K |
|
|
WWE
211
DELISTED
World Wrestling Entertainment
WWE
| $7.47M | 0.04% |
68,860
+68,381
| +14,276% | +$7.07M |
|
212
ASML
ASML
$626B
| $7.45M | 0.04% |
10,279
+1,398
| +16% | +$950K |
|
213
Cintas
CTAS
$84.4B
| $7.38M | 0.04% |
59,416
-11,520
| -16% | -$1.35M |
|
|
ANSS
214
DELISTED
Ansys
ANSS
| $7.19M | 0.04% |
21,779
+3,588
| +20% | +$1.14M |
|
215
Sprout Social
SPT
$512M
| $7.1M | 0.04% |
153,775
-839,496
| -85% | -$39.9M |
|
216
Chevron
CVX
$381B
| $7.09M | 0.04% |
45,067
+982
| +2% | +$157K |
|
217
Airbnb
ABNB
$86.7B
| $7.08M | 0.04% |
55,262
-40,531
| -42% | -$4.74M |
|
218
Ball Corp
BALL
$17.2B
| $6.9M | 0.04% |
118,619
-316,372
| -73% | -$17.2M |
|
219
Cloudflare
NET
$94.3B
| $6.81M | 0.03% |
+104,252
| New | +$6.22M |
|
220
Tyler Technologies
TYL
$13.2B
| $6.7M | 0.03% |
16,095
-5,573
| -26% | -$2.15M |
|
221
Johnson & Johnson
JNJ
$646B
| $6.58M | 0.03% |
39,748
| – | – |
|
222
Deckers Outdoor
DECK
$13.8B
| $6.56M | 0.03% |
74,580
+41,292
| +124% | +$3.32M |
|
223
Icon
ICLR
$13.1B
| $6.55M | 0.03% |
26,162
-844
| -3% | -$179K |
|
224
Sarepta Therapeutics
SRPT
$1.72B
| $6.4M | 0.03% |
55,855
+42,481
| +318% | +$5.48M |
|
225
Chefs' Warehouse
CHEF
$3.86B
| $6.35M | 0.03% |
177,521
-4,434
| -2% | -$147K |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.