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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MGY icon
201
Magnolia Oil & Gas
MGY
$5.55B
$8.2M 0.04%
335,793
-32,397
-9% -$816K
TRU icon
202
TransUnion
TRU
$16.1B
$8.01M 0.04%
76,526
+26,229
+52% +$2.36M
HON icon
203
Honeywell
HON
$78.3B
$7.93M 0.04%
40,716
+1,800
+5% +$349K
NET icon
204
Cloudflare
NET
$93.7B
$7.9M 0.04%
97,695
-205,023
-68% -$16.5M
APD icon
205
Air Products & Chemicals
APD
$65.2B
$7.83M 0.04%
26,300
+776
+3% +$212K
AKRO
206
DELISTED
Akero Therapeutics
AKRO
$7.73M 0.04%
269,601
+145,813
+118% +$3.8M
BLKB icon
207
Blackbaud
BLKB
$1.65B
$7.7M 0.04%
90,936
+3,045
+3% +$243K
ASML icon
208
ASML
ASML
$608B
$7.56M 0.04%
9,071
+1,481
+20% +$1.32M
BAC icon
209
Bank of America
BAC
$439B
$7.55M 0.04%
190,337
+3,335
+2% +$134K
KO icon
210
Coca-Cola
KO
$380B
$7.55M 0.04%
105,013
+2,935
+3% +$201K
SNOW icon
211
Snowflake
SNOW
$93.7B
$7.47M 0.04%
65,001
+64,843
+41,040% +$7.97M
JNJ icon
212
Johnson & Johnson
JNJ
$643B
$7.32M 0.04%
45,184
+2,216
+5% +$353K
INGN icon
213
Inogen
INGN
$174M
$6.91M 0.03%
712,842
-19,477
-3% -$204K
HCAT icon
214
Health Catalyst
HCAT
$158M
$6.86M 0.03%
+842,509
New +$6.09M
CAVA icon
215
CAVA Group
CAVA
$7.57B
$6.8M 0.03%
54,929
+7,025
+15% +$714K
VSXY
216
Victoria's Secret
VSXY
$7.1B
$6.68M 0.03%
259,840
-14,308
-5% -$303K
PAR icon
217
PAR Technology
PAR
$707M
$6.6M 0.03%
+126,734
New +$6.59M
FND icon
218
Floor & Decor
FND
$6.14B
$6.59M 0.03%
53,055
-12,692
-19% -$1.32M
GLOB icon
219
Globant
GLOB
$1.52B
$6.56M 0.03%
33,129
-6,654
-17% -$1.29M
IBN icon
220
ICICI Bank
IBN
$109B
$6.56M 0.03%
219,604
-1,115
-0.5% -$32.5K
LRCX icon
221
Lam Research
LRCX
$337B
$6.44M 0.03%
78,950
+14,820
+23% +$1.29M
LSCC icon
222
Lattice Semiconductor
LSCC
$17B
$6.35M 0.03%
119,588
-1,755
-1% -$89.9K
INMD icon
223
InMode
INMD
$889M
$6.09M 0.03%
359,230
-179,686
-33% -$3.03M
CME icon
224
CME Group
CME
$93.5B
$5.81M 0.03%
26,323
-66,578
-72% -$13.8M
MTD icon
225
Mettler-Toledo International
MTD
$28.1B
$5.64M 0.03%
3,759
-1,288
-26% -$1.81M
7 8
9
10 11

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.