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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 | |
|---|---|---|---|---|---|---|
201
SolarEdge
SEDG
$2.44B
| $7.06M | 0.04% |
54,544
-7,987
| -13% | -$1.53M |
|
202
Domino's
DPZ
$11.6B
| $6.99M | 0.04% |
18,443
+7,299
| +65% | +$2.81M |
|
203
Elanco Animal Health
ELAN
$12.7B
| $6.98M | 0.04% |
+620,864
| New | +$7.21M |
|
204
AutoZone
AZO
$50.9B
| $6.83M | 0.04% |
2,690
-646
| -19% | -$1.62M |
|
205
Helios Technologies
HLIO
$2.56B
| $6.82M | 0.04% |
+122,860
| New | +$7.3M |
|
206
Bentley Systems
BSY
$10.9B
| $6.78M | 0.04% |
135,202
-79,200
| -37% | -$3.98M |
|
207
Tandem Diabetes Care
TNDM
$1.22B
| $6.76M | 0.04% |
325,689
+110,049
| +51% | +$3.02M |
|
208
Chipotle Mexican Grill
CMG
$43B
| $6.68M | 0.04% |
182,300
-88,050
| -33% | -$3.43M |
|
209
Universal Display
OLED
$3.85B
| $6.54M | 0.04% |
41,663
-174
| -0.4% | -$26.4K |
|
210
Icon
ICLR
$13.9B
| $6.44M | 0.04% |
26,158
-4
| -0% | -$1.01K |
|
211
Nu Holdings
NU
$70.9B
| $6.33M | 0.04% |
872,894
+154,049
| +21% | +$1.15M |
|
212
WillScot Mobile Mini Holdings
WSC
$4.66B
| $6.31M | 0.04% |
151,807
+24,516
| +19% | +$1.08M |
|
213
ExxonMobil
XOM
$634B
| $6.26M | 0.04% |
53,226
| – | – |
|
214
dLocal
DLO
$4.38B
| $6.22M | 0.04% |
324,324
+858
| +0.3% | +$14.6K |
|
215
Tyler Technologies
TYL
$13.7B
| $6.19M | 0.04% |
16,031
-64
| -0.4% | -$25.1K |
|
216
Ryan Specialty Holdings
RYAN
$5.96B
| $6.01M | 0.03% |
124,091
+53,964
| +77% | +$2.5M |
|
217
Mercury Systems
MRCY
$5.97B
| $5.86M | 0.03% |
157,880
-37
| -0% | -$1.36K |
|
218
Lattice Semiconductor
LSCC
$17B
| $5.8M | 0.03% |
67,521
+19,848
| +42% | +$1.79M |
|
219
Middleby
MIDD
$6.11B
| $5.7M | 0.03% |
+44,535
| New | +$6.33M |
|
220
ACI Worldwide
ACIW
$6.1B
| $5.7M | 0.03% |
252,631
-161,195
| -39% | -$3.77M |
|
221
Xponential Fitness
XPOF
$282M
| $5.69M | 0.03% |
366,965
-1,010
| -0.3% | -$19.8K |
|
222
Champion Homes
SKY
$4.58B
| $5.65M | 0.03% |
88,745
+44,728
| +102% | +$3M |
|
|
IMGN
223
DELISTED
Immunogen Inc
IMGN
| $5.63M | 0.03% |
354,859
+316,201
| +818% | +$5.26M |
|
|
SPLK
224
DELISTED
Splunk Inc
SPLK
| $5.6M | 0.03% |
38,310
-16,849
| -31% | -$1.91M |
|
225
O'Reilly Automotive
ORLY
$75.6B
| $5.57M | 0.03% |
91,905
-29,835
| -25% | -$1.87M |
|
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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.