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FAM
Fred Alger Management Portfolio holdings
AUM
$30B
1-Year Est. Return
76.99%
This Fund
S&P 500
This Quarter
Est. Return
-8.41%
1 Year Est. Return
+76.99%
3 Year Est. Return
+326.24%
5 Year Est. Return
+435.69%
10 Year Est. Return
+2,724.6%
AUM
$22.8B
AUM Growth
-$4.41B
(-16%)
Cap. Flow
-$1.27B
Cap. Flow
% of AUM
-5.6%
Top 10 Holdings %
Top 10 Hldgs %
36.84%
Holding
614
New
135
Increased
158
Reduced
239
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$190M |
| 2 |
Lowe's Companies
LOW
|
+$187M |
| 3 |
Netflix
NFLX
|
+$179M |
| 4 |
Starbucks
SBUX
|
+$114M |
| 5 |
Novartis
NVS
|
+$92.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Abbott
ABT
|
+$260M |
| 2 |
Microsoft
MSFT
|
+$208M |
| 3 |
Salesforce
CRM
|
+$171M |
| 4 |
Dollar Tree
DLTR
|
+$171M |
| 5 |
Adobe
ADBE
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.33% |
| 2 | Healthcare | 22.91% |
| 3 | Consumer Discretionary | 14.09% |
| 4 | Communication Services | 9.78% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.71T
| $1.57B | 6.88% |
9,925,265
-1,264,560
| -11% | -$208M |
|
2
Amazon
AMZN
$2.79T
| $1.34B | 5.88% |
13,730,080
+405,900
| +3% | +$39.3M |
|
3
Apple
AAPL
$4.67T
| $929M | 4.08% |
14,609,092
+902,004
| +7% | +$66.3M |
|
4
Visa
V
$700B
| $831M | 3.65% |
5,156,010
-240,487
| -4% | -$45.3M |
|
5
Alibaba
BABA
$281B
| $751M | 3.3% |
3,863,036
-35,152
| -0.9% | -$7.34M |
|
6
Alphabet (Google) Class C
GOOG
$4.1T
| $747M | 3.28% |
12,845,720
+10,820
| +0.1% | +$734K |
|
7
Meta Platforms (Facebook)
META
$1.57T
| $670M | 2.94% |
4,016,809
-391,380
| -9% | -$76.6M |
|
|
8
Salesforce
CRM
$213B
| $545M | 2.39% |
3,785,240
-999,826
| -21% | -$171M |
|
|
9
Adobe
ADBE
$106B
| $522M | 2.29% |
1,639,823
-440,483
| -21% | -$151M |
|
10
Danaher
DHR
$146B
| $486M | 2.13% |
3,957,065
+175,016
| +5% | +$23.6M |
|
11
UnitedHealth
UNH
$356B
| $414M | 1.82% |
1,658,315
-36,669
| -2% | -$10.1M |
|
12
Fidelity National Information Services
FIS
$21.6B
| $401M | 1.76% |
3,298,469
+192,723
| +6% | +$26.8M |
|
|
13
NVIDIA
NVDA
$5.56T
| $398M | 1.75% |
60,322,560
+30,057,160
| +99% | +$190M |
|
14
Vertex Pharmaceuticals
VRTX
$138B
| $390M | 1.72% |
1,640,577
+21,934
| +1% | +$5.03M |
|
15
Boston Scientific
BSX
$69.3B
| $294M | 1.29% |
9,021,911
+1,073,710
| +14% | +$41.9M |
|
16
PayPal
PYPL
$47B
| $279M | 1.23% |
2,918,492
-218,066
| -7% | -$24.1M |
|
|
17
Netflix
NFLX
$326B
| $267M | 1.17% |
7,103,630
+5,071,250
| +250% | +$179M |
|
18
Crown Castle
CCI
$32.3B
| $255M | 1.12% |
1,763,192
+291,984
| +20% | +$43.5M |
|
19
Progressive
PGR
$127B
| $229M | 1.01% |
3,099,722
-304,895
| -9% | -$23.5M |
|
20
Chegg
CHGG
$94.5M
| $220M | 0.97% |
6,154,021
+1,932,189
| +46% | +$75.5M |
|
21
Insulet
PODD
$10.2B
| $220M | 0.97% |
1,327,550
-119,467
| -8% | -$21.8M |
|
|
EVBG
22
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $212M | 0.93% |
1,992,867
-405,433
| -17% | -$39.8M |
|
23
S&P Global
SPGI
$131B
| $202M | 0.89% |
824,829
-8,697
| -1% | -$2.39M |
|
24
Veeva Systems
VEEV
$44.5B
| $199M | 0.88% |
1,275,686
+207,821
| +19% | +$30.5M |
|
25
QuidelOrtho
QDEL
$958M
| $199M | 0.87% |
2,030,029
+359,239
| +22% | +$29.1M |
|
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GMC
OAG
Fred Alger Management's Q1 2020 Portfolio in Review
As of Q1 2020, Fred Alger Management held 614 positions worth $22.8B, down 16% from $27.2B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Fred Alger Management withdrew a net $1.27B in Q1 2020, closing 65 positions and reducing 239 holdings. Its most notable exit was Dermira, Inc., an estimated $46.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in AtriCure worth $42.4M.
- Fred Alger Management's largest Q1 2020 buy was AtriCure: 1,263,408 shares worth $42.4M.
- Fred Alger Management added most to NVIDIA in Q1 2020, an estimated $190M increase.
- Fred Alger Management's biggest Q1 2020 reduction was Abbott, cutting an estimated $260M.
- Fred Alger Management fully exited Dermira, Inc. in Q1 2020, selling an estimated $46.3M.
- Fred Alger Management's ten largest holdings make up 37% of its $22.8B portfolio in Q1 2020.
- Fred Alger Management opened 135 new positions and closed 65 in Q1 2020.
- Fred Alger Management's portfolio value fell 16% quarter-over-quarter to $22.8B.
Based on Fred Alger Management's 13F filing for Q1 2020, filed 15 May 2020.