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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
+18.44%
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
$18.7B
AUM Growth
+$249M
(+1.3%)
Cap. Flow
-$1.94B
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
31.1%
Holding
586
New
70
Increased
194
Reduced
228
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$182M |
| 2 |
Apple
AAPL
|
+$149M |
| 3 |
Meta Platforms (Facebook)
META
|
+$137M |
| 4 |
Visa
V
|
+$115M |
| 5 |
GFL Environmental
GFL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$166M |
| 2 |
Eli Lilly
LLY
|
+$156M |
| 3 |
McKesson
MCK
|
+$154M |
| 4 |
Live Nation Entertainment
LYV
|
+$144M |
| 5 |
Microsoft
MSFT
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.63% |
| 2 | Healthcare | 20.74% |
| 3 | Consumer Discretionary | 12.81% |
| 4 | Industrials | 10.52% |
| 5 | Communication Services | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.83T
| $1.46B | 7.8% |
5,061,138
-523,016
| -9% | -$133M |
|
|
2
Apple
AAPL
$4.72T
| $897M | 4.8% |
5,437,603
+1,009,853
| +23% | +$149M |
|
3
Amazon
AMZN
$2.51T
| $654M | 3.5% |
6,334,653
-1,045,051
| -14% | -$101M |
|
4
NVIDIA
NVDA
$5.06T
| $641M | 3.43% |
23,080,630
+3,936,800
| +21% | +$85.2M |
|
5
Natera
NTRA
$37.9B
| $434M | 2.32% |
7,818,925
-1,153,898
| -13% | -$55.4M |
|
|
6
Visa
V
$669B
| $391M | 2.09% |
1,735,415
+515,864
| +42% | +$115M |
|
7
Mercado Libre
MELI
$91.2B
| $374M | 2% |
283,790
+88,992
| +46% | +$101M |
|
8
Alphabet (Google) Class C
GOOG
$3.89T
| $350M | 1.87% |
3,367,760
-1,362,448
| -29% | -$132M |
|
9
TransDigm Group
TDG
$67.9B
| $349M | 1.87% |
473,583
-117,074
| -20% | -$83.6M |
|
10
Intuit
INTU
$77B
| $265M | 1.41% |
593,286
-170,365
| -22% | -$69.9M |
|
11
Marvell Technology
MRVL
$188B
| $226M | 1.21% |
5,210,462
-399,317
| -7% | -$16.8M |
|
12
Tesla
TSLA
$1.26T
| $215M | 1.15% |
1,034,007
-33,217
| -3% | -$5.79M |
|
13
Netflix
NFLX
$287B
| $207M | 1.11% |
5,985,250
-141,330
| -2% | -$4.68M |
|
14
FirstService
FSV
$6.03B
| $199M | 1.07% |
1,412,835
-61,411
| -4% | -$8.46M |
|
15
UnitedHealth
UNH
$385B
| $190M | 1.02% |
402,194
-205,362
| -34% | -$99.1M |
|
|
16
Martin Marietta Materials
MLM
$32.8B
| $184M | 0.99% |
+519,569
| New | +$182M |
|
17
Advanced Micro Devices
AMD
$880B
| $178M | 0.95% |
1,820,059
-245,744
| -12% | -$20M |
|
18
S&P Global
SPGI
$124B
| $176M | 0.94% |
510,262
-53,001
| -9% | -$18.7M |
|
|
19
Meta Platforms (Facebook)
META
$1.54T
| $174M | 0.93% |
819,482
+804,526
| +5,379% | +$137M |
|
20
Las Vegas Sands
LVS
$30.5B
| $165M | 0.88% |
2,872,900
+185,266
| +7% | +$10.4M |
|
21
AbbVie
ABBV
$454B
| $151M | 0.81% |
948,460
-727,003
| -43% | -$111M |
|
22
Danaher
DHR
$135B
| $145M | 0.78% |
649,126
-355,984
| -35% | -$81M |
|
23
Liberty Media Series C
FWONK
$24.2B
| $145M | 0.77% |
1,998,910
+945,076
| +90% | +$63.9M |
|
|
RXDX
24
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $143M | 0.76% |
1,331,759
-27,497
| -2% | -$3.16M |
|
25
Acadia Healthcare
ACHC
$3.13B
| $141M | 0.76% |
1,956,041
-367,179
| -16% | -$28.6M |
|
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Fred Alger Management's Q1 2023 Portfolio in Review
As of Q1 2023, Fred Alger Management held 586 positions worth $18.7B, up 1.3% from $18.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Fred Alger Management withdrew a net $1.94B in Q1 2023, closing 71 positions and reducing 228 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% 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 Martin Marietta Materials worth $184M.
- Fred Alger Management's largest Q1 2023 buy was Martin Marietta Materials: 519,569 shares worth $184M.
- Fred Alger Management added most to Apple in Q1 2023, an estimated $149M increase.
- Fred Alger Management's biggest Q1 2023 reduction was NextEra Energy, cutting an estimated $166M.
- Fred Alger Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $99.8M.
- Fred Alger Management's ten largest holdings make up 31% of its $18.7B portfolio in Q1 2023.
- Fred Alger Management opened 70 new positions and closed 71 in Q1 2023.
- Fred Alger Management's portfolio value rose 1.3% quarter-over-quarter to $18.7B.
Based on Fred Alger Management's 13F filing for Q1 2023, filed 15 May 2023.