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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
-2.04%
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
$17.4B
AUM Growth
-$2.18B
(-11%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-7.99%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
560
New
49
Increased
117
Reduced
231
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$275M |
| 2 |
Pinterest
PINS
|
+$127M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
Humana
HUM
|
+$61.6M |
| 5 |
Adobe
ADBE
|
+$58.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$135M |
| 2 |
JPMorgan Chase
JPM
|
+$122M |
| 3 |
Mercado Libre
MELI
|
+$115M |
| 4 |
TransDigm Group
TDG
|
+$101M |
| 5 |
GE HealthCare
GEHC
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.55% |
| 2 | Healthcare | 18.99% |
| 3 | Consumer Discretionary | 11.24% |
| 4 | Communication Services | 10.39% |
| 5 | Industrials | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $1.55B | 8.92% |
4,917,130
-32,602
| -0.7% | -$10.8M |
|
2
NVIDIA
NVDA
$5.06T
| $932M | 5.36% |
21,434,910
-603,700
| -3% | -$27M |
|
3
Apple
AAPL
$4.72T
| $842M | 4.84% |
4,918,151
-303,187
| -6% | -$55.6M |
|
4
Amazon
AMZN
$2.51T
| $802M | 4.61% |
6,305,762
-107,100
| -2% | -$14.4M |
|
|
5
Meta Platforms (Facebook)
META
$1.54T
| $637M | 3.66% |
2,121,615
+912,078
| +75% | +$275M |
|
|
6
Alphabet (Google) Class C
GOOG
$3.89T
| $582M | 3.35% |
4,417,430
+912,735
| +26% | +$119M |
|
7
Visa
V
$669B
| $352M | 2.03% |
1,532,418
-121,777
| -7% | -$29.3M |
|
8
Natera
NTRA
$37.9B
| $308M | 1.77% |
6,956,186
-369,554
| -5% | -$18.8M |
|
9
Tesla
TSLA
$1.26T
| $283M | 1.63% |
1,130,076
+219,008
| +24% | +$56.3M |
|
|
10
TransDigm Group
TDG
$67.9B
| $252M | 1.45% |
299,444
-115,624
| -28% | -$101M |
|
|
11
Mercado Libre
MELI
$91.2B
| $224M | 1.28% |
176,282
-90,168
| -34% | -$115M |
|
12
Marvell Technology
MRVL
$188B
| $218M | 1.26% |
4,036,564
+95,003
| +2% | +$5.61M |
|
|
13
Adobe
ADBE
$84.3B
| $209M | 1.2% |
410,236
+111,743
| +37% | +$58.6M |
|
14
UnitedHealth
UNH
$385B
| $195M | 1.12% |
387,103
-25,409
| -6% | -$12.5M |
|
15
GFL Environmental
GFL
$14.1B
| $192M | 1.1% |
6,050,953
+355,191
| +6% | +$12.2M |
|
16
FirstService
FSV
$6.03B
| $178M | 1.03% |
1,225,336
-84,619
| -6% | -$12.9M |
|
17
S&P Global
SPGI
$124B
| $174M | 1% |
475,191
-42,593
| -8% | -$16.7M |
|
18
Martin Marietta Materials
MLM
$32.8B
| $170M | 0.98% |
413,712
-122,139
| -23% | -$54M |
|
19
Netflix
NFLX
$287B
| $164M | 0.94% |
4,336,280
-1,341,000
| -24% | -$56.8M |
|
20
SLB Ltd
SLB
$70.6B
| $158M | 0.91% |
2,703,670
+163,712
| +6% | +$9.49M |
|
21
TSMC
TSM
$2.16T
| $138M | 0.79% |
1,582,695
-65,540
| -4% | -$6.2M |
|
22
Boston Scientific
BSX
$64.8B
| $137M | 0.79% |
2,596,472
+537,992
| +26% | +$28.2M |
|
23
McKesson
MCK
$96.5B
| $135M | 0.78% |
311,537
+7,669
| +3% | +$3.23M |
|
24
Glaukos
GKOS
$8.94B
| $134M | 0.77% |
1,780,690
+150,102
| +9% | +$11.2M |
|
25
Danaher
DHR
$135B
| $128M | 0.74% |
581,371
+33,274
| +6% | +$7.42M |
|
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Fred Alger Management's Q3 2023 Portfolio in Review
As of Q3 2023, Fred Alger Management held 560 positions worth $17.4B, down 11% from $19.6B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Fred Alger Management withdrew a net $1.39B in Q3 2023, closing 99 positions and reducing 231 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $41.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Fred Alger Management opened a new position in Extreme Networks worth $33.9M.
- Fred Alger Management's largest Q3 2023 buy was Extreme Networks: 1,401,093 shares worth $33.9M.
- Fred Alger Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $275M increase.
- Fred Alger Management's biggest Q3 2023 reduction was Las Vegas Sands, cutting an estimated $135M.
- Fred Alger Management fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2023, selling an estimated $41.5M.
- Fred Alger Management's ten largest holdings make up 38% of its $17.4B portfolio in Q3 2023.
- Fred Alger Management opened 49 new positions and closed 99 in Q3 2023.
- Fred Alger Management's portfolio value fell 11% quarter-over-quarter to $17.4B.
Based on Fred Alger Management's 13F filing for Q3 2023, filed 14 Nov 2023.