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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
+7.25%
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
$21.4B
AUM Growth
+$442M
(+2.1%)
Cap. Flow
-$835M
Cap. Flow
% of AUM
-3.91%
Top 10 Holdings %
Top 10 Hldgs %
37.36%
Holding
583
New
44
Increased
179
Reduced
225
Closed
76
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sherwin-Williams
SHW
|
+$137M |
| 2 |
Stanley Black & Decker
SWK
|
+$112M |
| 3 |
Equinix
EQIX
|
+$89.6M |
| 4 |
Norwegian Cruise Line
NCLH
|
+$88M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$82.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$135M |
| 2 |
DexCom
DXCM
|
+$135M |
| 3 |
Comcast
CMCSA
|
+$133M |
| 4 |
Walt Disney
DIS
|
+$131M |
| 5 |
Honeywell
HON
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.6% |
| 2 | Communication Services | 15.09% |
| 3 | Consumer Discretionary | 14.71% |
| 4 | Healthcare | 14.53% |
| 5 | Financials | 10.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.72T
| $1.2B | 5.6% |
31,067,144
-2,489,960
| -7% | -$96.6M |
|
2
Amazon
AMZN
$2.51T
| $1.19B | 5.55% |
24,684,780
-20,860
| -0.1% | -$1.02M |
|
3
Microsoft
MSFT
$2.83T
| $1.12B | 5.24% |
15,027,021
-746,371
| -5% | -$54.5M |
|
4
Meta Platforms (Facebook)
META
$1.54T
| $961M | 4.5% |
5,627,058
+564
| +0% | +$94.1K |
|
|
5
Alphabet (Google) Class C
GOOG
$3.89T
| $912M | 4.27% |
19,018,380
-2,908,960
| -13% | -$135M |
|
6
Visa
V
$669B
| $695M | 3.25% |
6,603,744
-835,413
| -11% | -$84.7M |
|
7
Broadcom
AVGO
$1.87T
| $522M | 2.44% |
21,525,960
+955,080
| +5% | +$23.6M |
|
8
Alibaba
BABA
$273B
| $496M | 2.32% |
2,869,215
-264,785
| -8% | -$42.9M |
|
9
UnitedHealth
UNH
$385B
| $453M | 2.12% |
2,312,413
-125,950
| -5% | -$24.3M |
|
|
10
Honeywell
HON
$78B
| $445M | 2.08% |
3,477,319
-913,852
| -21% | -$113M |
|
|
CELG
11
DELISTED
Celgene Corp
CELG
| $391M | 1.83% |
2,682,442
-126,510
| -5% | -$17.2M |
|
12
Salesforce
CRM
$129B
| $337M | 1.58% |
3,606,759
+137,612
| +4% | +$12.7M |
|
13
Home Depot
HD
$324B
| $290M | 1.36% |
1,773,831
-199,652
| -10% | -$30.6M |
|
14
Microchip Technology
MCHP
$44.2B
| $289M | 1.35% |
6,441,644
-256,430
| -4% | -$10.8M |
|
15
Intercontinental Exchange
ICE
$81B
| $270M | 1.26% |
3,924,724
-485,574
| -11% | -$32M |
|
|
AET
16
DELISTED
Aetna Inc
AET
| $268M | 1.25% |
1,687,190
+25,410
| +2% | +$3.97M |
|
17
Vertex Pharmaceuticals
VRTX
$120B
| $262M | 1.23% |
1,725,683
+101,203
| +6% | +$15.2M |
|
|
PARA
18
DELISTED
Paramount Global Class B
PARA
| $252M | 1.18% |
4,347,763
-532,323
| -11% | -$33.6M |
|
19
McDonald's
MCD
$187B
| $250M | 1.17% |
1,595,997
+152,823
| +11% | +$24M |
|
|
20
Equinix
EQIX
$102B
| $244M | 1.14% |
546,215
+200,002
| +58% | +$89.6M |
|
21
Bank of America
BAC
$430B
| $240M | 1.12% |
9,481,888
+3,162,070
| +50% | +$76.7M |
|
|
22
Stanley Black & Decker
SWK
$13.6B
| $224M | 1.05% |
1,482,143
+780,213
| +111% | +$112M |
|
23
Applied Materials
AMAT
$447B
| $214M | 1% |
4,104,788
+234,587
| +6% | +$10.6M |
|
|
24
Comcast
CMCSA
$78.3B
| $213M | 1% |
5,536,436
-3,375,758
| -38% | -$133M |
|
25
Air Products & Chemicals
APD
$65.5B
| $203M | 0.95% |
1,339,454
+152,669
| +13% | +$22.4M |
|
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Fred Alger Management's Q3 2017 Portfolio in Review
As of Q3 2017, Fred Alger Management held 583 positions worth $21.4B, up 2.1% from $20.9B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Fred Alger Management withdrew a net $835M in Q3 2017, closing 76 positions and reducing 225 holdings. Its most notable exit was Du Pont De Nemours E I, an estimated $62.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Lennox International worth $20.6M.
- Fred Alger Management's largest Q3 2017 buy was Lennox International: 115,317 shares worth $20.6M.
- Fred Alger Management added most to Sherwin-Williams in Q3 2017, an estimated $137M increase.
- Fred Alger Management's biggest Q3 2017 reduction was Alphabet (Google) Class C, cutting an estimated $135M.
- Fred Alger Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $62.8M.
- Fred Alger Management's ten largest holdings make up 37% of its $21.4B portfolio in Q3 2017.
- Fred Alger Management opened 44 new positions and closed 76 in Q3 2017.
- Fred Alger Management's portfolio value rose 2.1% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q3 2017, filed 14 Nov 2017.