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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
+15.81%
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
$19.6B
AUM Growth
+$879M
(+4.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
34.09%
Holding
589
New
74
Increased
137
Reduced
233
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$96.2M |
| 2 |
DraftKings
DKNG
|
+$81.7M |
| 3 |
GE HealthCare
GEHC
|
+$81.1M |
| 4 |
GFL Environmental
GFL
|
+$77M |
| 5 |
Vaxcyte
PCVX
|
+$72.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$187M |
| 2 |
RXDX
Prometheus Biosciences, Inc. Common Stock
RXDX
|
+$143M |
| 3 |
AbbVie
ABBV
|
+$112M |
| 4 |
Walt Disney
DIS
|
+$99.6M |
| 5 |
HSKA
Heska Corp
HSKA
|
+$80.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.16% |
| 2 | Healthcare | 20.31% |
| 3 | Consumer Discretionary | 12.43% |
| 4 | Industrials | 10.17% |
| 5 | Communication Services | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $1.69B | 8.61% |
4,949,732
-111,406
| -2% | -$34.9M |
|
2
Apple
AAPL
$4.72T
| $1.01B | 5.17% |
5,221,338
-216,265
| -4% | -$37.7M |
|
3
NVIDIA
NVDA
$5.06T
| $932M | 4.76% |
22,038,610
-1,042,020
| -5% | -$34.6M |
|
4
Amazon
AMZN
$2.51T
| $836M | 4.27% |
6,412,862
+78,209
| +1% | +$8.93M |
|
5
Alphabet (Google) Class C
GOOG
$3.89T
| $424M | 2.17% |
3,504,695
+136,935
| +4% | +$15.9M |
|
6
Visa
V
$669B
| $393M | 2.01% |
1,654,195
-81,220
| -5% | -$18.6M |
|
7
TransDigm Group
TDG
$67.9B
| $371M | 1.9% |
415,068
-58,515
| -12% | -$46.3M |
|
8
Natera
NTRA
$37.9B
| $356M | 1.82% |
7,325,740
-493,185
| -6% | -$25.2M |
|
|
9
Meta Platforms (Facebook)
META
$1.54T
| $347M | 1.77% |
1,209,537
+390,055
| +48% | +$96.2M |
|
10
Mercado Libre
MELI
$91.2B
| $316M | 1.61% |
266,450
-17,340
| -6% | -$21.8M |
|
11
Netflix
NFLX
$287B
| $250M | 1.28% |
5,677,280
-307,970
| -5% | -$11.3M |
|
12
Martin Marietta Materials
MLM
$32.8B
| $247M | 1.26% |
535,851
+16,282
| +3% | +$6.42M |
|
13
Tesla
TSLA
$1.26T
| $238M | 1.22% |
911,068
-122,939
| -12% | -$24.6M |
|
14
Marvell Technology
MRVL
$188B
| $236M | 1.2% |
3,941,561
-1,268,901
| -24% | -$61.7M |
|
|
15
GFL Environmental
GFL
$14.1B
| $221M | 1.13% |
5,695,762
+2,118,106
| +59% | +$77M |
|
16
S&P Global
SPGI
$124B
| $208M | 1.06% |
517,784
+7,522
| +1% | +$2.75M |
|
17
FirstService
FSV
$6.03B
| $202M | 1.03% |
1,309,955
-102,880
| -7% | -$15M |
|
18
UnitedHealth
UNH
$385B
| $198M | 1.01% |
412,512
+10,318
| +3% | +$5.05M |
|
19
TSMC
TSM
$2.16T
| $166M | 0.85% |
1,648,235
+627,070
| +61% | +$58.4M |
|
20
Las Vegas Sands
LVS
$30.5B
| $157M | 0.8% |
2,714,989
-157,911
| -5% | -$9.34M |
|
21
Trade Desk
TTD
$7.89B
| $156M | 0.79% |
2,013,826
+246,984
| +14% | +$16.7M |
|
22
Intuitive Surgical
ISRG
$119B
| $153M | 0.78% |
448,172
-25,884
| -5% | -$7.83M |
|
23
Inspire Medical Systems
INSP
$1.46B
| $152M | 0.78% |
467,378
-80,776
| -15% | -$23.1M |
|
24
Adobe
ADBE
$84.3B
| $146M | 0.75% |
298,493
+97,091
| +48% | +$39.1M |
|
25
SPS Commerce
SPSC
$2.17B
| $145M | 0.74% |
753,768
-151,147
| -17% | -$24.4M |
|
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Fred Alger Management's Q2 2023 Portfolio in Review
As of Q2 2023, Fred Alger Management held 589 positions worth $19.6B, up 4.7% from $18.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Fred Alger Management withdrew a net $1.18B in Q2 2023, closing 78 positions and reducing 233 holdings. Its most notable exit was Prometheus Biosciences, Inc. Common Stock, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in DraftKings worth $94.2M.
- Fred Alger Management's largest Q2 2023 buy was DraftKings: 3,544,411 shares worth $94.2M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $96.2M increase.
- Fred Alger Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $187M.
- Fred Alger Management fully exited Prometheus Biosciences, Inc. Common Stock in Q2 2023, selling an estimated $143M.
- Fred Alger Management's ten largest holdings make up 34% of its $19.6B portfolio in Q2 2023.
- Fred Alger Management opened 74 new positions and closed 78 in Q2 2023.
- Fred Alger Management's portfolio value rose 4.7% quarter-over-quarter to $19.6B.
Based on Fred Alger Management's 13F filing for Q2 2023, filed 14 Aug 2023.