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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
+8.73%
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
$19.5B
AUM Growth
+$542M
(+2.9%)
Cap. Flow
-$738M
Cap. Flow
% of AUM
-3.79%
Top 10 Holdings %
Top 10 Hldgs %
40.49%
Holding
567
New
46
Increased
156
Reduced
216
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$148M |
| 2 |
Home Depot
HD
|
+$124M |
| 3 |
Philip Morris
PM
|
+$122M |
| 4 |
Microsoft
MSFT
|
+$119M |
| 5 |
Johnson Controls International
JCI
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$135M |
| 2 |
Verizon
VZ
|
+$107M |
| 3 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$92M |
| 4 |
Tesla
TSLA
|
+$85.9M |
| 5 |
Aptiv
APTV
|
+$84.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.16% |
| 2 | Healthcare | 19.18% |
| 3 | Communication Services | 17.29% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Industrials | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.89T
| $1.39B | 7.12% |
35,703,720
+1,304,200
| +4% | +$49.5M |
|
|
2
Apple
AAPL
$4.72T
| $1.02B | 5.23% |
36,030,412
+5,606,788
| +18% | +$148M |
|
3
Amazon
AMZN
$2.51T
| $1.02B | 5.23% |
24,318,980
-546,580
| -2% | -$20.9M |
|
|
4
Microsoft
MSFT
$2.83T
| $908M | 4.66% |
15,759,335
+2,102,393
| +15% | +$119M |
|
5
Meta Platforms (Facebook)
META
$1.54T
| $896M | 4.6% |
6,981,929
-43,378
| -0.6% | -$5.38M |
|
6
Honeywell
HON
$78B
| $673M | 3.46% |
6,426,221
-88,272
| -1% | -$9.22M |
|
7
Visa
V
$669B
| $651M | 3.34% |
7,868,352
+245,470
| +3% | +$19.7M |
|
|
AGN
8
DELISTED
Allergan plc
AGN
| $500M | 2.57% |
2,169,661
+154,976
| +8% | +$37.9M |
|
9
Comcast
CMCSA
$78.3B
| $426M | 2.19% |
12,833,044
+1,764,528
| +16% | +$58.7M |
|
10
Broadcom
AVGO
$1.87T
| $411M | 2.11% |
23,823,360
+4,761,950
| +25% | +$79.6M |
|
11
UnitedHealth
UNH
$385B
| $398M | 2.04% |
2,839,612
+28,788
| +1% | +$4.03M |
|
12
Newell Brands
NWL
$2.14B
| $337M | 1.73% |
6,394,985
-64,154
| -1% | -$3.32M |
|
13
Thermo Fisher Scientific
TMO
$213B
| $322M | 1.65% |
2,021,720
-247,929
| -11% | -$38.2M |
|
14
PepsiCo
PEP
$184B
| $317M | 1.63% |
2,918,011
-16,033
| -0.5% | -$1.73M |
|
15
Molson Coors Class B
TAP
$7.51B
| $309M | 1.58% |
2,810,486
+210,677
| +8% | +$21.4M |
|
|
16
Home Depot
HD
$324B
| $278M | 1.43% |
2,161,522
+932,355
| +76% | +$124M |
|
17
Electronic Arts
EA
$52.4B
| $253M | 1.3% |
2,968,238
+833,827
| +39% | +$66.7M |
|
|
PARA
18
DELISTED
Paramount Global Class B
PARA
| $239M | 1.23% |
4,373,545
-1,213,033
| -22% | -$64.4M |
|
|
19
Philip Morris
PM
$298B
| $233M | 1.2% |
2,395,493
+1,219,076
| +104% | +$122M |
|
|
YHOO
20
DELISTED
Yahoo Inc
YHOO
| $226M | 1.16% |
5,241,692
-1,341,113
| -20% | -$55M |
|
21
NXP Semiconductors
NXPI
$70B
| $212M | 1.09% |
2,077,334
+262,015
| +14% | +$22.2M |
|
22
Salesforce
CRM
$129B
| $194M | 1% |
2,726,135
+38,866
| +1% | +$3.03M |
|
|
CELG
23
DELISTED
Celgene Corp
CELG
| $192M | 0.98% |
1,833,154
-15,580
| -0.8% | -$1.69M |
|
24
Adobe
ADBE
$84.3B
| $190M | 0.97% |
1,749,881
-85,153
| -5% | -$8.54M |
|
25
Edwards Lifesciences
EW
$48.3B
| $187M | 0.96% |
4,653,177
-522,306
| -10% | -$19.7M |
|
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Fred Alger Management's Q3 2016 Portfolio in Review
As of Q3 2016, Fred Alger Management held 567 positions worth $19.5B, up 2.9% from $18.9B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Fred Alger Management withdrew a net $738M in Q3 2016, closing 71 positions and reducing 216 holdings. Its most notable exit was TYCO INTL PLC COM SHS (IRL), an estimated $92M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Fred Alger Management opened a new position in Trip.com Group worth $55.6M.
- Fred Alger Management's largest Q3 2016 buy was Trip.com Group: 1,194,641 shares worth $55.6M.
- Fred Alger Management added most to Apple in Q3 2016, an estimated $148M increase.
- Fred Alger Management's biggest Q3 2016 reduction was Bristol-Myers Squibb, cutting an estimated $135M.
- Fred Alger Management fully exited TYCO INTL PLC COM SHS (IRL) in Q3 2016, selling an estimated $92M.
- Fred Alger Management's ten largest holdings make up 40% of its $19.5B portfolio in Q3 2016.
- Fred Alger Management opened 46 new positions and closed 71 in Q3 2016.
- Fred Alger Management's portfolio value rose 2.9% quarter-over-quarter to $19.5B.
Based on Fred Alger Management's 13F filing for Q3 2016, filed 14 Nov 2016.