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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
-7.7%
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
$31.3B
AUM Growth
-$8.62B
(-22%)
Cap. Flow
-$3.66B
Cap. Flow
% of AUM
-11.69%
Top 10 Holdings %
Top 10 Hldgs %
30.33%
Holding
574
New
67
Increased
165
Reduced
236
Closed
83
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$255M |
| 2 |
Visa
V
|
+$248M |
| 3 |
Intuit
INTU
|
+$235M |
| 4 |
Alibaba
BABA
|
+$229M |
| 5 |
Advanced Micro Devices
AMD
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$381M |
| 2 |
Adobe
ADBE
|
+$304M |
| 3 |
Applied Materials
AMAT
|
+$250M |
| 4 |
Amazon
AMZN
|
+$207M |
| 5 |
Micron Technology
MU
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.83% |
| 2 | Healthcare | 18.53% |
| 3 | Consumer Discretionary | 14.86% |
| 4 | Industrials | 11.27% |
| 5 | Financials | 6.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $2.17B | 6.92% |
7,025,467
-436,481
| -6% | -$131M |
|
|
2
Amazon
AMZN
$2.51T
| $1.44B | 4.61% |
8,852,500
-1,339,280
| -13% | -$207M |
|
3
Apple
AAPL
$4.72T
| $1.4B | 4.49% |
8,045,041
+537,867
| +7% | +$90.4M |
|
4
Alphabet (Google) Class C
GOOG
$3.89T
| $959M | 3.06% |
6,863,660
-1,352,300
| -16% | -$184M |
|
5
NVIDIA
NVDA
$5.06T
| $729M | 2.33% |
26,707,190
-2,068,340
| -7% | -$51.9M |
|
6
Tesla
TSLA
$1.26T
| $652M | 2.08% |
1,814,520
-306,768
| -14% | -$95.5M |
|
|
7
Intuit
INTU
$77B
| $584M | 1.86% |
1,213,670
+458,008
| +61% | +$235M |
|
|
8
Advanced Micro Devices
AMD
$880B
| $570M | 1.82% |
5,212,598
+1,366,456
| +36% | +$163M |
|
|
9
Visa
V
$669B
| $547M | 1.75% |
2,464,600
+1,146,588
| +87% | +$248M |
|
10
UnitedHealth
UNH
$385B
| $439M | 1.4% |
861,658
-68,697
| -7% | -$33.1M |
|
11
MGM Resorts International
MGM
$11.5B
| $431M | 1.38% |
10,283,638
-962,905
| -9% | -$41.4M |
|
12
TransDigm Group
TDG
$67.9B
| $369M | 1.18% |
565,895
-50,123
| -8% | -$32.2M |
|
13
Bio-Techne
TECH
$11.2B
| $358M | 1.14% |
3,309,708
-536,424
| -14% | -$55.3M |
|
|
SBNY
14
DELISTED
Signature Bank
SBNY
| $340M | 1.09% |
1,157,859
-279,944
| -19% | -$90.9M |
|
15
Intuitive Surgical
ISRG
$119B
| $327M | 1.04% |
1,083,228
+255,120
| +31% | +$74.5M |
|
16
Danaher
DHR
$135B
| $311M | 0.99% |
1,196,744
-561,132
| -32% | -$141M |
|
17
CrowdStrike
CRWD
$187B
| $298M | 0.95% |
5,248,540
+2,715,436
| +107% | +$127M |
|
18
S&P Global
SPGI
$124B
| $291M | 0.93% |
709,044
-36,490
| -5% | -$14.9M |
|
19
Herc Holdings
HRI
$5.45B
| $283M | 0.9% |
1,693,946
-200,737
| -11% | -$31.7M |
|
|
PXD
20
DELISTED
Pioneer Natural Resource Co.
PXD
| $283M | 0.9% |
1,131,577
+1,130,015
| +72,344% | +$255M |
|
21
Live Nation Entertainment
LYV
$41B
| $276M | 0.88% |
2,348,861
-92,423
| -4% | -$10.5M |
|
22
Natera
NTRA
$37.9B
| $262M | 0.84% |
6,445,905
-359,123
| -5% | -$21.6M |
|
23
RBC Bearings
RBC
$18.8B
| $255M | 0.81% |
1,312,991
-1,245
| -0.1% | -$238K |
|
24
AbbVie
ABBV
$454B
| $252M | 0.81% |
1,557,041
-240,564
| -13% | -$34.9M |
|
25
Inspire Medical Systems
INSP
$1.46B
| $240M | 0.77% |
935,506
-84,214
| -8% | -$19.2M |
|
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Fred Alger Management's Q1 2022 Portfolio in Review
As of Q1 2022, Fred Alger Management held 574 positions worth $31.3B, down 22% from $39.9B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $3.66B in Q1 2022, closing 83 positions and reducing 236 holdings. Its most notable exit was Coinbase, an estimated $173M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 38% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Alibaba worth $216M.
- Fred Alger Management's largest Q1 2022 buy was Alibaba: 1,989,523 shares worth $216M.
- Fred Alger Management added most to Pioneer Natural Resource Co. in Q1 2022, an estimated $255M increase.
- Fred Alger Management's biggest Q1 2022 reduction was Qualcomm, cutting an estimated $381M.
- Fred Alger Management fully exited Coinbase in Q1 2022, selling an estimated $173M.
- Fred Alger Management's ten largest holdings make up 30% of its $31.3B portfolio in Q1 2022.
- Fred Alger Management opened 67 new positions and closed 83 in Q1 2022.
- Fred Alger Management's portfolio value fell 22% quarter-over-quarter to $31.3B.
Based on Fred Alger Management's 13F filing for Q1 2022, filed 16 May 2022.