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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
+20.34%
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
$20.2B
AUM Growth
+$1.63B
Cap. Flow
-$978M
Cap. Flow %
-4.85%
Top 10 Hldgs %
41.49%
Holding
507
New
64
Increased
167
Reduced
188
Closed
64

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$117M
2
SYK icon
Stryker
SYK
+$95.9M
3
NFLX icon
Netflix
NFLX
+$85.6M
4
MBLY icon
Mobileye
MBLY
+$64.5M
5
AVGO icon
Broadcom
AVGO
+$61.3M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$165M
2
UNH icon
UnitedHealth
UNH
+$139M
3
AAPL icon
Apple
AAPL
+$112M
4
TMDX icon
Transmedics
TMDX
+$111M
5
AMGN icon
Amgen
AMGN
+$84M

Sector Composition

Rank Sector Weight
1 Technology 39.11%
2 Healthcare 17.27%
3 Consumer Discretionary 11.73%
4 Communication Services 11.09%
5 Industrials 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$2.05B 10.18%
4,880,205
+523
+0% +$212K
NVDA icon
2
NVIDIA
NVDA
$5.06T
$1.45B 7.21%
16,093,450
-2,275,070
-12% -$165M
AMZN icon
3
Amazon
AMZN
$2.51T
$1.16B 5.74%
6,413,242
+18,228
+0.3% +$3.04M
META icon
4
Meta Platforms (Facebook)
META
$1.54T
$938M 4.65%
1,931,035
-122,178
-6% -$54.5M
AAPL icon
5
Apple
AAPL
$4.72T
$741M 3.68%
4,323,414
-615,488
-12% -$112M
NTRA icon
6
Natera
NTRA
$37.9B
$599M 2.97%
6,546,927
-529,724
-7% -$39.8M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$3.89T
$523M 2.59%
3,436,570
-475,977
-12% -$68.7M
V icon
8
Visa
V
$669B
$366M 1.81%
1,310,594
-148,587
-10% -$41M
NFLX icon
9
Netflix
NFLX
$287B
$270M 1.34%
4,442,870
+1,518,200
+52% +$85.6M
AMD icon
10
Advanced Micro Devices
AMD
$880B
$266M 1.32%
1,476,505
+105,932
+8% +$18.5M
AVGO icon
11
Broadcom
AVGO
$1.87T
$261M 1.29%
1,969,880
+495,050
+34% +$61.3M
TSM icon
12
TSMC
TSM
$2.16T
$256M 1.27%
1,882,986
+347,360
+23% +$43.1M
TDG icon
13
TransDigm Group
TDG
$67.9B
$253M 1.25%
205,264
-37,886
-16% -$42.7M
LLY icon
14
Eli Lilly
LLY
$1.06T
$252M 1.25%
323,989
+40,617
+14% +$28.9M
VRT icon
15
Vertiv
VRT
$117B
$225M 1.11%
2,751,090
-737,621
-21% -$46.3M
MRVL icon
16
Marvell Technology
MRVL
$188B
$221M 1.09%
3,113,178
-497,844
-14% -$34.1M
MELI icon
17
Mercado Libre
MELI
$91.2B
$217M 1.08%
143,456
-25,692
-15% -$42M
PINS icon
18
Pinterest
PINS
$12.3B
$205M 1.01%
5,898,693
+398,950
+7% +$14.5M
MLM icon
19
Martin Marietta Materials
MLM
$32.8B
$204M 1.01%
332,443
-62,356
-16% -$34M
MU icon
20
Micron Technology
MU
$1.12T
$201M 1%
1,707,938
+1,290,742
+309% +$117M
GFL icon
21
GFL Environmental
GFL
$14.1B
$200M 0.99%
5,810,639
-172,636
-3% -$5.96M
ADBE icon
22
Adobe
ADBE
$84.3B
$190M 0.94%
375,627
+3,984
+1% +$2.28M
HEI.A icon
23
HEICO Corp Class A
HEI.A
$34.8B
$179M 0.89%
1,161,948
+81,371
+8% +$12M
SPGI icon
24
S&P Global
SPGI
$124B
$172M 0.85%
404,773
-37,581
-8% -$16.3M
FSV icon
25
FirstService
FSV
$6.03B
$162M 0.8%
978,874
-105,979
-10% -$17.5M
1
2 3 4 5

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Fred Alger Management's Q1 2024 Portfolio in Review

As of Q1 2024, Fred Alger Management held 507 positions worth $20.2B, up 8.8% from $18.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Fred Alger Management withdrew a net $978M in Q1 2024, closing 64 positions and reducing 188 holdings. Its most notable exit was Humana, an estimated $76.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Fred Alger Management opened a new position in Stryker worth $102M.

  • Fred Alger Management's largest Q1 2024 buy was Stryker: 285,178 shares worth $102M.
  • Fred Alger Management added most to Micron Technology in Q1 2024, an estimated $117M increase.
  • Fred Alger Management's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $165M.
  • Fred Alger Management fully exited Humana in Q1 2024, selling an estimated $76.8M.
  • Fred Alger Management's ten largest holdings make up 41% of its $20.2B portfolio in Q1 2024.
  • Fred Alger Management opened 64 new positions and closed 64 in Q1 2024.
  • Fred Alger Management's portfolio value rose 8.8% quarter-over-quarter to $20.2B.

Based on Fred Alger Management's 13F filing for Q1 2024, filed 15 May 2024.