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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
Cap. Flow
-$918M
Cap. Flow %
-4.46%
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61

Top Buys

Rank Stock Value
1
APP icon
Applovin
APP
+$271M
2
CEG icon
Constellation Energy
CEG
+$108M
3
HUBS icon
HubSpot
HUBS
+$83.9M
4
AAPL icon
Apple
AAPL
+$83.5M
5
EQIX icon
Equinix
EQIX
+$56.3M

Top Sells

Rank Stock Value
1
NTRA icon
Natera
NTRA
+$130M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$107M
3
AMD icon
Advanced Micro Devices
AMD
+$94.7M
4
MBLY icon
Mobileye
MBLY
+$80.9M
5
ACHC icon
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
OLED icon
201
Universal Display
OLED
$3.81B
$8.44M 0.04%
40,124
-2,376
-6% -$418K
CAMT icon
202
Camtek
CAMT
$7.07B
$8.39M 0.04%
+66,961
New +$6.39M
PEP icon
203
PepsiCo
PEP
$191B
$8.22M 0.04%
49,842
+2,651
+6% +$458K
LULU icon
204
lululemon athletica
LULU
$13.4B
$8.09M 0.04%
27,078
+26,174
+2,895% +$8.75M
TYL icon
205
Tyler Technologies
TYL
$13B
$8.07M 0.04%
16,041
– –
ATFV icon
206
Alger 35 ETF
ATFV
$209M
$8.01M 0.04%
373,037
-2,500
-0.7% -$51.2K
PCTY icon
207
Paylocity
PCTY
$6.97B
$8.01M 0.04%
60,723
+2,717
+5% +$421K
HON icon
208
Honeywell
HON
$77.9B
$7.83M 0.04%
38,916
-1,856
-5% -$353K
NVO
209
Novo Nordisk
NVO
$220B
$7.78M 0.04%
54,493
+15,129
+38% +$2M
ASML icon
210
ASML
ASML
$636B
$7.76M 0.04%
7,590
+5,517
+266% +$5.3M
PYPL icon
211
PayPal
PYPL
$49.5B
$7.74M 0.04%
133,460
-73,231
-35% -$4.66M
BAC icon
212
Bank of America
BAC
$436B
$7.44M 0.04%
187,002
+8,570
+5% +$328K
BX icon
213
Blackstone
BX
$106B
$7.16M 0.03%
57,851
+2,818
+5% +$347K
GLOB icon
214
Globant
GLOB
$1.41B
$7.09M 0.03%
39,783
-70,850
-64% -$12.5M
MTD icon
215
Mettler-Toledo International
MTD
$27B
$7.05M 0.03%
5,047
-91
-2% -$124K
LSCC icon
216
Lattice Semiconductor
LSCC
$16.8B
$7.04M 0.03%
121,343
+9,251
+8% +$639K
ARES icon
217
Ares Management
ARES
$28.8B
$6.97M 0.03%
52,274
-50,499
-49% -$6.9M
ELV icon
218
Elevance Health
ELV
$82.1B
$6.83M 0.03%
+12,611
New +$6.67M
LRCX icon
219
Lam Research
LRCX
$365B
$6.83M 0.03%
64,130
+2,690
+4% +$258K
LRMR icon
220
Larimar Therapeutics
LRMR
$398M
$6.77M 0.03%
933,494
-54,439
-6% -$417K
BLKB icon
221
Blackbaud
BLKB
$1.59B
$6.69M 0.03%
87,891
-1,193
-1% -$91.9K
SMCI icon
222
Super Micro Computer
SMCI
$19.3B
$6.69M 0.03%
81,640
+41,500
+103% +$3.55M
APD icon
223
Air Products & Chemicals
APD
$65.2B
$6.59M 0.03%
25,524
+1,091
+4% +$277K
SLB icon
224
SLB Ltd
SLB
$76.5B
$6.54M 0.03%
138,559
+74,451
+116% +$3.59M
FND icon
225
Floor & Decor
FND
$5.99B
$6.54M 0.03%
65,747
+1,808
+3% +$208K
7 8
9
10 11

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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.