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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
+2.95%
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
$19.7B
AUM Growth
-$1.68B
(-7.8%)
Cap. Flow
-$1.56B
Cap. Flow
% of AUM
-7.93%
Top 10 Holdings %
Top 10 Hldgs %
29.74%
Holding
577
New
77
Increased
189
Reduced
196
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marvell Technology
MRVL
|
+$164M |
| 2 |
Centene
CNC
|
+$162M |
| 3 |
Eli Lilly
LLY
|
+$143M |
| 4 |
Netflix
NFLX
|
+$139M |
| 5 |
Amazon
AMZN
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$177M |
| 2 |
Intuit
INTU
|
+$176M |
| 3 |
Applied Materials
AMAT
|
+$166M |
| 4 |
Advanced Micro Devices
AMD
|
+$115M |
| 5 |
CrowdStrike
CRWD
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.33% |
| 2 | Healthcare | 24.22% |
| 3 | Consumer Discretionary | 14.38% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $1.4B | 7.11% |
6,020,904
-148,925
| -2% | -$39.3M |
|
|
2
Amazon
AMZN
$2.51T
| $987M | 5% |
8,731,285
+912,164
| +12% | +$115M |
|
3
Apple
AAPL
$4.72T
| $744M | 3.77% |
5,384,413
-432,184
| -7% | -$67.8M |
|
4
Alphabet (Google) Class C
GOOG
$3.89T
| $544M | 2.76% |
5,658,157
+16,397
| +0.3% | +$1.83M |
|
5
Tesla
TSLA
$1.26T
| $492M | 2.49% |
1,854,223
+283,276
| +18% | +$79.1M |
|
6
UnitedHealth
UNH
$385B
| $387M | 1.96% |
766,629
+64,491
| +9% | +$33.9M |
|
7
Natera
NTRA
$37.9B
| $385M | 1.95% |
8,781,346
+1,534,001
| +21% | +$73M |
|
8
Live Nation Entertainment
LYV
$41B
| $342M | 1.74% |
4,503,391
+279,814
| +7% | +$25.1M |
|
9
Danaher
DHR
$135B
| $306M | 1.55% |
1,336,666
+137,682
| +11% | +$33.7M |
|
10
McKesson
MCK
$96.5B
| $280M | 1.42% |
823,327
+85,272
| +12% | +$29.6M |
|
|
11
Intuit
INTU
$77B
| $279M | 1.41% |
720,828
-406,880
| -36% | -$176M |
|
|
12
Visa
V
$669B
| $273M | 1.38% |
1,536,662
-867,777
| -36% | -$177M |
|
13
TransDigm Group
TDG
$67.9B
| $270M | 1.37% |
514,129
+6,709
| +1% | +$4M |
|
14
MGM Resorts International
MGM
$11.5B
| $249M | 1.26% |
8,377,674
-3,122,747
| -27% | -$102M |
|
|
PXD
15
DELISTED
Pioneer Natural Resource Co.
PXD
| $222M | 1.13% |
1,027,333
-60,808
| -6% | -$13.9M |
|
|
16
Advanced Micro Devices
AMD
$880B
| $216M | 1.1% |
3,413,539
-1,354,574
| -28% | -$115M |
|
17
AbbVie
ABBV
$454B
| $203M | 1.03% |
1,509,974
+229,925
| +18% | +$33M |
|
18
RBC Bearings
RBC
$18.8B
| $181M | 0.92% |
870,672
-176,460
| -17% | -$40.6M |
|
19
FirstService
FSV
$6.03B
| $177M | 0.9% |
1,490,725
+127,762
| +9% | +$16.3M |
|
|
20
Netflix
NFLX
$287B
| $177M | 0.9% |
7,511,240
+6,249,950
| +496% | +$139M |
|
21
Casella Waste Systems
CWST
$5.73B
| $177M | 0.89% |
2,311,885
-62,065
| -3% | -$4.98M |
|
22
NextEra Energy
NEE
$187B
| $173M | 0.88% |
2,211,499
+270,651
| +14% | +$23M |
|
23
Palo Alto Networks
PANW
$265B
| $165M | 0.83% |
2,010,826
+833,146
| +71% | +$72.1M |
|
|
SWAV
24
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $161M | 0.82% |
580,611
+70,976
| +14% | +$18M |
|
|
25
Eli Lilly
LLY
$1.06T
| $161M | 0.81% |
497,256
+451,041
| +976% | +$143M |
|
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Fred Alger Management's Q3 2022 Portfolio in Review
As of Q3 2022, Fred Alger Management held 577 positions worth $19.7B, down 7.8% from $21.4B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Fred Alger Management withdrew a net $1.56B in Q3 2022, closing 58 positions and reducing 196 holdings. Its most notable exit was NXP Semiconductors, an estimated $64.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Marvell Technology worth $142M.
- Fred Alger Management's largest Q3 2022 buy was Marvell Technology: 3,318,860 shares worth $142M.
- Fred Alger Management added most to Centene in Q3 2022, an estimated $162M increase.
- Fred Alger Management's biggest Q3 2022 reduction was Visa, cutting an estimated $177M.
- Fred Alger Management fully exited NXP Semiconductors in Q3 2022, selling an estimated $64.7M.
- Fred Alger Management's ten largest holdings make up 30% of its $19.7B portfolio in Q3 2022.
- Fred Alger Management opened 77 new positions and closed 58 in Q3 2022.
- Fred Alger Management's portfolio value fell 7.8% quarter-over-quarter to $19.7B.
Based on Fred Alger Management's 13F filing for Q3 2022, filed 15 Nov 2022.