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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
+13.37%
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
$18B
AUM Growth
+$1.16B
(+6.9%)
Cap. Flow
-$594M
Cap. Flow
% of AUM
-3.3%
Top 10 Holdings %
Top 10 Hldgs %
17.99%
Holding
623
New
59
Increased
174
Reduced
273
Closed
46
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$142M |
| 2 |
Macy's
M
|
+$120M |
| 3 |
DNR
Denbury Resources, Inc.
DNR
|
+$100M |
| 4 |
Meta Platforms (Facebook)
META
|
+$78.9M |
| 5 |
WFT
Weatherford International plc
WFT
|
+$75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$148M |
| 2 |
HCA Healthcare
HCA
|
+$126M |
| 3 |
IBM
IBM
|
+$115M |
| 4 |
Valero Energy
VLO
|
+$105M |
| 5 |
TWO
Two Harbors Investment
TWO
|
+$91.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.44% |
| 2 | Technology | 15.6% |
| 3 | Healthcare | 13.79% |
| 4 | Industrials | 12.47% |
| 5 | Communication Services | 10.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.72T
| $580M | 3.22% |
34,036,660
-8,901,928
| -21% | -$148M |
|
2
Alphabet (Google) Class C
GOOG
$3.89T
| $459M | 2.55% |
21,032,179
+584,783
| +3% | +$12.9M |
|
|
3
Meta Platforms (Facebook)
META
$1.54T
| $405M | 2.25% |
8,063,057
+2,121,117
| +36% | +$78.9M |
|
4
Amazon
AMZN
$2.51T
| $305M | 1.7% |
19,534,940
-2,450,680
| -11% | -$36.5M |
|
5
Gilead Sciences
GILD
$162B
| $284M | 1.58% |
4,519,267
+269,657
| +6% | +$16.1M |
|
6
eBay
EBAY
$48.5B
| $255M | 1.42% |
10,846,989
+2,169,545
| +25% | +$48.7M |
|
|
AGN
7
DELISTED
Allergan plc
AGN
| $242M | 1.34% |
1,677,761
+387,568
| +30% | +$51.6M |
|
8
Home Depot
HD
$324B
| $241M | 1.34% |
3,178,936
+280,380
| +10% | +$21.6M |
|
|
VIAB
9
DELISTED
Viacom Inc. Class B
VIAB
| $240M | 1.33% |
2,869,171
-512,047
| -15% | -$39.6M |
|
10
Boeing
BA
$165B
| $226M | 1.25% |
1,920,066
+557,361
| +41% | +$60M |
|
11
Lowe's Companies
LOW
$113B
| $219M | 1.22% |
4,599,137
+1,089,034
| +31% | +$49.4M |
|
12
Visa
V
$669B
| $212M | 1.18% |
4,436,680
+1,468,872
| +49% | +$67.9M |
|
13
Citigroup
C
$221B
| $204M | 1.14% |
4,213,209
-88,301
| -2% | -$4.46M |
|
14
Comcast
CMCSA
$78.3B
| $191M | 1.06% |
8,457,534
+2,339,844
| +38% | +$50.9M |
|
15
CVS Health
CVS
$136B
| $189M | 1.05% |
3,326,022
-1,306,902
| -28% | -$77.9M |
|
|
ROC
16
DELISTED
ROCKWOOD HLDGS INC
ROC
| $185M | 1.03% |
2,770,791
+283,765
| +11% | +$18.7M |
|
17
Microsoft
MSFT
$2.83T
| $174M | 0.97% |
5,236,282
+448,398
| +9% | +$14.8M |
|
18
Morgan Stanley
MS
$338B
| $172M | 0.95% |
6,369,870
-1,606,064
| -20% | -$43.1M |
|
19
Honeywell
HON
$78B
| $167M | 0.93% |
2,234,776
-153,872
| -6% | -$11.4M |
|
20
Halliburton
HAL
$27.3B
| $166M | 0.92% |
3,453,831
+1,164,607
| +51% | +$54.5M |
|
21
Las Vegas Sands
LVS
$30.5B
| $156M | 0.87% |
2,353,960
-434,548
| -16% | -$25.2M |
|
|
PXD
22
DELISTED
Pioneer Natural Resource Co.
PXD
| $155M | 0.86% |
819,876
-89,019
| -10% | -$15.1M |
|
|
23
IBM
IBM
$195B
| $155M | 0.86% |
873,737
-632,193
| -42% | -$115M |
|
|
ESRX
24
DELISTED
Express Scripts Holding Company
ESRX
| $154M | 0.86% |
2,499,625
-267,397
| -10% | -$17.3M |
|
|
TYC
25
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $154M | 0.86% |
4,201,756
+667,626
| +19% | +$24.2M |
|
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Fred Alger Management's Q3 2013 Portfolio in Review
As of Q3 2013, Fred Alger Management held 623 positions worth $18B, up 6.9% from $16.8B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Fred Alger Management withdrew a net $594M in Q3 2013, closing 46 positions and reducing 273 holdings. Its most notable exit was Texas Capital Bancshares, an estimated $33.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Fred Alger Management opened a new position in Yum! Brands worth $68.5M.
- Fred Alger Management's largest Q3 2013 buy was Yum! Brands: 1,335,599 shares worth $68.5M.
- Fred Alger Management added most to Ralph Lauren in Q3 2013, an estimated $142M increase.
- Fred Alger Management's biggest Q3 2013 reduction was Apple, cutting an estimated $148M.
- Fred Alger Management fully exited Texas Capital Bancshares in Q3 2013, selling an estimated $33.4M.
- Fred Alger Management's ten largest holdings make up 18% of its $18B portfolio in Q3 2013.
- Fred Alger Management opened 59 new positions and closed 46 in Q3 2013.
- Fred Alger Management's portfolio value rose 6.9% quarter-over-quarter to $18B.
Based on Fred Alger Management's 13F filing for Q3 2013, filed 14 Nov 2013.