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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
-20.08%
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
-$9.89B
(-32%)
Cap. Flow
-$2.74B
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
28.78%
Holding
568
New
77
Increased
161
Reduced
233
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McKesson
MCK
|
+$219M |
| 2 |
Live Nation Entertainment
LYV
|
+$180M |
| 3 |
Datadog
DDOG
|
+$175M |
| 4 |
Costco
COST
|
+$165M |
| 5 |
Trade Desk
TTD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$349M |
| 2 |
Apple
AAPL
|
+$337M |
| 3 |
Microsoft
MSFT
|
+$232M |
| 4 |
XPO
XPO
|
+$146M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.04% |
| 2 | Healthcare | 20.62% |
| 3 | Consumer Discretionary | 12.69% |
| 4 | Industrials | 10.49% |
| 5 | Financials | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.83T
| $1.58B | 7.4% |
6,169,829
-855,638
| -12% | -$232M |
|
2
Amazon
AMZN
$2.51T
| $830M | 3.88% |
7,819,121
-1,033,379
| -12% | -$129M |
|
|
3
Apple
AAPL
$4.72T
| $795M | 3.71% |
5,816,597
-2,228,444
| -28% | -$337M |
|
|
4
Alphabet (Google) Class C
GOOG
$3.89T
| $617M | 2.88% |
5,641,760
-1,221,900
| -18% | -$144M |
|
5
Visa
V
$669B
| $473M | 2.21% |
2,404,439
-60,161
| -2% | -$12.4M |
|
6
Intuit
INTU
$77B
| $435M | 2.03% |
1,127,708
-85,962
| -7% | -$35.6M |
|
7
Advanced Micro Devices
AMD
$880B
| $365M | 1.7% |
4,768,113
-444,485
| -9% | -$41.6M |
|
8
UnitedHealth
UNH
$385B
| $361M | 1.68% |
702,138
-159,520
| -19% | -$80.1M |
|
9
Tesla
TSLA
$1.26T
| $353M | 1.65% |
1,570,947
-243,573
| -13% | -$66.5M |
|
|
10
Live Nation Entertainment
LYV
$41B
| $349M | 1.63% |
4,223,577
+1,874,716
| +80% | +$180M |
|
11
MGM Resorts International
MGM
$11.5B
| $333M | 1.55% |
11,500,421
+1,216,783
| +12% | +$43.7M |
|
12
TransDigm Group
TDG
$67.9B
| $272M | 1.27% |
507,420
-58,475
| -10% | -$34.5M |
|
13
Danaher
DHR
$135B
| $269M | 1.26% |
1,198,984
+2,240
| +0.2% | +$516K |
|
14
Natera
NTRA
$37.9B
| $257M | 1.2% |
7,247,345
+801,440
| +12% | +$29.7M |
|
15
Alibaba
BABA
$273B
| $251M | 1.17% |
2,205,845
+216,322
| +11% | +$21.2M |
|
|
PXD
16
DELISTED
Pioneer Natural Resource Co.
PXD
| $243M | 1.13% |
1,088,141
-43,436
| -4% | -$11M |
|
|
17
McKesson
MCK
$96.5B
| $241M | 1.12% |
738,055
+683,506
| +1,253% | +$219M |
|
|
18
Datadog
DDOG
$87B
| $232M | 1.08% |
2,432,835
+1,590,518
| +189% | +$175M |
|
19
CrowdStrike
CRWD
$187B
| $219M | 1.02% |
5,203,064
-45,476
| -0.9% | -$2.06M |
|
20
Shake Shack
SHAK
$2.26B
| $203M | 0.95% |
5,153,362
+2,116,408
| +70% | +$108M |
|
21
S&P Global
SPGI
$124B
| $203M | 0.95% |
602,567
-106,477
| -15% | -$38M |
|
|
22
Costco
COST
$411B
| $201M | 0.94% |
418,618
+326,177
| +353% | +$165M |
|
23
AbbVie
ABBV
$454B
| $196M | 0.92% |
1,280,049
-276,992
| -18% | -$42.3M |
|
24
Eaton
ETN
$161B
| $195M | 0.91% |
1,548,462
+66,000
| +4% | +$9.23M |
|
25
RBC Bearings
RBC
$18.8B
| $194M | 0.9% |
1,047,132
-265,859
| -20% | -$47.2M |
|
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Fred Alger Management's Q2 2022 Portfolio in Review
As of Q2 2022, Fred Alger Management held 568 positions worth $21.4B, down 32% from $31.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Fred Alger Management withdrew a net $2.74B in Q2 2022, closing 68 positions and reducing 233 holdings. Its most notable exit was Expedia Group, an estimated $134M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in ServiceNow worth $132M.
- Fred Alger Management's largest Q2 2022 buy was ServiceNow: 1,388,500 shares worth $132M.
- Fred Alger Management added most to McKesson in Q2 2022, an estimated $219M increase.
- Fred Alger Management's biggest Q2 2022 reduction was NVIDIA, cutting an estimated $349M.
- Fred Alger Management fully exited Expedia Group in Q2 2022, selling an estimated $134M.
- Fred Alger Management's ten largest holdings make up 29% of its $21.4B portfolio in Q2 2022.
- Fred Alger Management opened 77 new positions and closed 68 in Q2 2022.
- Fred Alger Management's portfolio value fell 32% quarter-over-quarter to $21.4B.
Based on Fred Alger Management's 13F filing for Q2 2022, filed 15 Aug 2022.