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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
+17.72%
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
$18.5B
AUM Growth
+$1.14B
(+6.5%)
Cap. Flow
-$1.33B
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
39.28%
Holding
503
New
42
Increased
140
Reduced
229
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amgen
AMGN
|
+$91.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$86.6M |
| 3 |
Broadcom
AVGO
|
+$78.2M |
| 4 |
Vertiv
VRT
|
+$76.7M |
| 5 |
Burlington
BURL
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$142M |
| 2 |
Trip.com Group
TCOM
|
+$101M |
| 3 |
Tesla
TSLA
|
+$87.5M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$83.1M |
| 5 |
Trade Desk
TTD
|
+$80.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.38% |
| 2 | Healthcare | 19.58% |
| 3 | Consumer Discretionary | 11.08% |
| 4 | Industrials | 10.46% |
| 5 | Communication Services | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Universal Display
OLED
$3.85B
| $7.92M | 0.04% |
41,395
-268
| -0.6% | -$44.3K |
|
202
Blackbaud
BLKB
$1.65B
| $7.89M | 0.04% |
91,032
-37,139
| -29% | -$2.81M |
|
203
Procter & Gamble
PG
$347B
| $7.88M | 0.04% |
53,787
+3,547
| +7% | +$525K |
|
|
EXAS
204
DELISTED
Exact Sciences
EXAS
| $7.71M | 0.04% |
104,282
+47,263
| +83% | +$3.1M |
|
|
VSXY
205
Victoria's Secret
VSXY
$7.1B
| $7.55M | 0.04% |
284,578
-2,661
| -0.9% | -$56.4K |
|
206
Chevron
CVX
$374B
| $7.55M | 0.04% |
50,612
+5,630
| +13% | +$851K |
|
207
PepsiCo
PEP
$195B
| $7.52M | 0.04% |
44,262
+1,476
| +3% | +$245K |
|
208
Nu Holdings
NU
$70.9B
| $7.42M | 0.04% |
890,894
+18,000
| +2% | +$145K |
|
209
PayPal
PYPL
$50.3B
| $7.36M | 0.04% |
119,795
+116,472
| +3,505% | +$6.67M |
|
210
Icon
ICLR
$13.9B
| $7.31M | 0.04% |
25,832
-326
| -1% | -$84.4K |
|
211
Blackrock
BLK
$170B
| $7.24M | 0.04% |
8,919
+544
| +6% | +$380K |
|
212
ASML
ASML
$608B
| $7.18M | 0.04% |
9,486
+828
| +10% | +$547K |
|
213
Crown Castle
CCI
$33.1B
| $7.15M | 0.04% |
62,060
+17,893
| +41% | +$1.83M |
|
214
MGM Resorts International
MGM
$11.8B
| $6.97M | 0.04% |
155,958
-563,358
| -78% | -$22.1M |
|
|
PXD
215
DELISTED
Pioneer Natural Resource Co.
PXD
| $6.92M | 0.04% |
30,781
-354,726
| -92% | -$83.1M |
|
|
216
Trip.com Group
TCOM
$28.5B
| $6.9M | 0.04% |
191,496
-2,962,696
| -94% | -$101M |
|
|
KRTX
217
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $6.89M | 0.04% |
21,776
-3,930
| -15% | -$764K |
|
218
Qualcomm
QCOM
$172B
| $6.74M | 0.04% |
46,590
+2,663
| +6% | +$330K |
|
219
Tyler Technologies
TYL
$13.7B
| $6.71M | 0.04% |
16,040
+9
| +0.1% | +$3.6K |
|
220
Champion Homes
SKY
$4.58B
| $6.53M | 0.04% |
87,868
-877
| -1% | -$55.1K |
|
221
Alger 35 ETF
ATFV
$203M
| $6.51M | 0.04% |
375,537
| – | – |
|
|
AXON
222
Axon Enterprise
AXON
$44.1B
| $6.44M | 0.03% |
24,915
+25
| +0.1% | +$5.63K |
|
223
Webster Financial
WBS
$12.5B
| $6.42M | 0.03% |
126,499
-1,265
| -1% | -$54.7K |
|
224
Air Products & Chemicals
APD
$65.2B
| $6.23M | 0.03% |
22,766
-153,439
| -87% | -$42.2M |
|
|
IMGN
225
DELISTED
Immunogen Inc
IMGN
| $6.19M | 0.03% |
208,660
-146,199
| -41% | -$2.91M |
|
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Fred Alger Management's Q4 2023 Portfolio in Review
As of Q4 2023, Fred Alger Management held 503 positions worth $18.5B, up 6.5% from $17.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.33B in Q4 2023, closing 60 positions and reducing 229 holdings. Its most notable exit was Albemarle, an estimated $77.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% 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 Micron Technology worth $35.6M.
- Fred Alger Management's largest Q4 2023 buy was Micron Technology: 417,196 shares worth $35.6M.
- Fred Alger Management added most to Amgen in Q4 2023, an estimated $91.1M increase.
- Fred Alger Management's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $142M.
- Fred Alger Management fully exited Albemarle in Q4 2023, selling an estimated $77.2M.
- Fred Alger Management's ten largest holdings make up 39% of its $18.5B portfolio in Q4 2023.
- Fred Alger Management opened 42 new positions and closed 60 in Q4 2023.
- Fred Alger Management's portfolio value rose 6.5% quarter-over-quarter to $18.5B.
Based on Fred Alger Management's 13F filing for Q4 2023, filed 14 Feb 2024.