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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
+12.41%
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
$27.2B
AUM Growth
+$1.69B
(+6.6%)
Cap. Flow
-$837M
Cap. Flow
% of AUM
-3.08%
Top 10 Holdings %
Top 10 Hldgs %
35.28%
Holding
550
New
72
Increased
170
Reduced
177
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$151M |
| 2 |
JPMorgan Chase
JPM
|
+$120M |
| 3 |
Qualcomm
QCOM
|
+$115M |
| 4 |
VeriSign
VRSN
|
+$107M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$376M |
| 2 |
Microsoft
MSFT
|
+$285M |
| 3 |
Home Depot
HD
|
+$167M |
| 4 |
Abbott
ABT
|
+$157M |
| 5 |
Sherwin-Williams
SHW
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.58% |
| 2 | Healthcare | 21.35% |
| 3 | Consumer Discretionary | 13.11% |
| 4 | Financials | 10.29% |
| 5 | Communication Services | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.83T
| $1.76B | 6.49% |
11,189,825
-1,937,934
| -15% | -$285M |
|
|
2
Amazon
AMZN
$2.51T
| $1.23B | 4.53% |
13,324,180
-4,250,580
| -24% | -$376M |
|
3
Visa
V
$669B
| $1.01B | 3.73% |
5,396,497
-179,884
| -3% | -$32.4M |
|
4
Apple
AAPL
$4.72T
| $1.01B | 3.7% |
13,707,088
-901,352
| -6% | -$58M |
|
5
Meta Platforms (Facebook)
META
$1.54T
| $905M | 3.33% |
4,408,189
-191,113
| -4% | -$37M |
|
6
Alphabet (Google) Class C
GOOG
$3.89T
| $858M | 3.16% |
12,834,900
+729,900
| +6% | +$47.1M |
|
7
Alibaba
BABA
$273B
| $827M | 3.04% |
3,898,188
+312,260
| +9% | +$58.6M |
|
8
Salesforce
CRM
$129B
| $778M | 2.86% |
4,785,066
-378,190
| -7% | -$59.3M |
|
9
Adobe
ADBE
$84.3B
| $686M | 2.53% |
2,080,306
-288,882
| -12% | -$85M |
|
10
Danaher
DHR
$135B
| $515M | 1.89% |
3,782,049
+275,246
| +8% | +$34.8M |
|
|
11
UnitedHealth
UNH
$385B
| $498M | 1.83% |
1,694,984
+578,866
| +52% | +$151M |
|
12
Fidelity National Information Services
FIS
$20.7B
| $432M | 1.59% |
3,105,746
+224,017
| +8% | +$30M |
|
13
Boston Scientific
BSX
$64.8B
| $359M | 1.32% |
7,948,201
-2,153,158
| -21% | -$90.1M |
|
14
Vertex Pharmaceuticals
VRTX
$120B
| $354M | 1.3% |
1,618,643
+185,055
| +13% | +$37.5M |
|
15
PayPal
PYPL
$49.4B
| $339M | 1.25% |
3,136,558
+228,237
| +8% | +$23.8M |
|
16
NXP Semiconductors
NXPI
$70B
| $295M | 1.09% |
2,316,443
-291,521
| -11% | -$33.8M |
|
|
17
Abbott
ABT
$175B
| $284M | 1.04% |
3,264,930
-1,875,515
| -36% | -$157M |
|
18
Insulet
PODD
$11B
| $248M | 0.91% |
1,447,017
-212,718
| -13% | -$35.4M |
|
19
Progressive
PGR
$120B
| $246M | 0.91% |
3,404,617
-96,262
| -3% | -$6.94M |
|
20
TransDigm Group
TDG
$67.9B
| $245M | 0.9% |
436,776
+177,685
| +69% | +$97.3M |
|
21
Cognex
CGNX
$10.6B
| $244M | 0.9% |
4,346,751
+1,784,624
| +70% | +$92.3M |
|
22
S&P Global
SPGI
$124B
| $228M | 0.84% |
833,526
+14,306
| +2% | +$3.72M |
|
23
Intercontinental Exchange
ICE
$81B
| $227M | 0.84% |
2,451,935
-548,399
| -18% | -$50.9M |
|
|
NVRO
24
DELISTED
NEVRO CORP.
NVRO
| $225M | 0.83% |
1,913,958
+20,535
| +1% | +$2.03M |
|
|
AVLR
25
DELISTED
Avalara, Inc.
AVLR
| $220M | 0.81% |
3,002,713
-415,839
| -12% | -$30.2M |
|
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Fred Alger Management's Q4 2019 Portfolio in Review
As of Q4 2019, Fred Alger Management held 550 positions worth $27.2B, up 6.6% from $25.5B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Fred Alger Management withdrew a net $837M in Q4 2019, closing 71 positions and reducing 177 holdings. Its most notable exit was iRhythm Holdings, an estimated $39.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in CrowdStrike worth $41.4M.
- Fred Alger Management's largest Q4 2019 buy was CrowdStrike: 3,323,112 shares worth $41.4M.
- Fred Alger Management added most to UnitedHealth in Q4 2019, an estimated $151M increase.
- Fred Alger Management's biggest Q4 2019 reduction was Amazon, cutting an estimated $376M.
- Fred Alger Management fully exited iRhythm Holdings in Q4 2019, selling an estimated $39.8M.
- Fred Alger Management's ten largest holdings make up 35% of its $27.2B portfolio in Q4 2019.
- Fred Alger Management opened 72 new positions and closed 71 in Q4 2019.
- Fred Alger Management's portfolio value rose 6.6% quarter-over-quarter to $27.2B.
Based on Fred Alger Management's 13F filing for Q4 2019, filed 14 Feb 2020.