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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
+10.33%
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
$20.6B
AUM Growth
+$404M
Cap. Flow
-$918M
Cap. Flow %
-4.46%
Top 10 Hldgs %
45.88%
Holding
486
New
43
Increased
157
Reduced
204
Closed
61

Top Buys

Rank Stock Value
1
APP icon
Applovin
APP
+$271M
2
CEG icon
Constellation Energy
CEG
+$108M
3
HUBS icon
HubSpot
HUBS
+$83.9M
4
AAPL icon
Apple
AAPL
+$83.5M
5
EQIX icon
Equinix
EQIX
+$56.3M

Top Sells

Rank Stock Value
1
NTRA icon
Natera
NTRA
+$130M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$107M
3
AMD icon
Advanced Micro Devices
AMD
+$94.7M
4
MBLY icon
Mobileye
MBLY
+$80.9M
5
ACHC icon
Acadia Healthcare
ACHC
+$80.2M

Sector Composition

Rank Sector Weight
1 Technology 41.24%
2 Healthcare 15.44%
3 Communication Services 13.11%
4 Consumer Discretionary 10.67%
5 Industrials 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$2.2B 10.71%
4,927,271
+47,066
+1% +$19.9M
NVDA icon
2
NVIDIA
NVDA
$5.06T
$1.9B 9.24%
15,381,070
-712,380
-4% -$72M
AMZN icon
3
Amazon
AMZN
$2.51T
$1.26B 6.13%
6,521,736
+108,494
+2% +$19.9M
AAPL icon
4
Apple
AAPL
$4.72T
$1B 4.89%
4,771,308
+447,894
+10% +$83.5M
META icon
5
Meta Platforms (Facebook)
META
$1.54T
$977M 4.75%
1,938,574
+7,539
+0.4% +$3.66M
NTRA icon
6
Natera
NTRA
$37.9B
$570M 2.77%
5,262,664
-1,284,263
-20% -$130M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$3.89T
$515M 2.5%
2,806,845
-629,725
-18% -$107M
AVGO icon
8
Broadcom
AVGO
$1.87T
$363M 1.76%
2,259,380
+289,500
+15% +$40.6M
TSM icon
9
TSMC
TSM
$2.16T
$331M 1.61%
1,905,729
+22,743
+1% +$3.45M
NFLX icon
10
Netflix
NFLX
$287B
$314M 1.53%
4,652,490
+209,620
+5% +$13.1M
V icon
11
Visa
V
$669B
$307M 1.49%
1,168,615
-141,979
-11% -$38.9M
APP icon
12
Applovin
APP
$134B
$291M 1.41%
+3,492,613
New +$271M
LLY icon
13
Eli Lilly
LLY
$1.06T
$252M 1.22%
277,834
-46,155
-14% -$36.9M
PINS icon
14
Pinterest
PINS
$12.3B
$245M 1.19%
5,562,289
-336,404
-6% -$13.3M
GFL icon
15
GFL Environmental
GFL
$14.1B
$242M 1.18%
6,221,767
+411,128
+7% +$14.1M
MELI icon
16
Mercado Libre
MELI
$91.2B
$233M 1.13%
141,652
-1,804
-1% -$2.85M
VRT icon
17
Vertiv
VRT
$117B
$231M 1.12%
2,667,989
-83,101
-3% -$7.57M
TDG icon
18
TransDigm Group
TDG
$67.9B
$229M 1.11%
179,166
-26,098
-13% -$33.5M
ADBE icon
19
Adobe
ADBE
$84.3B
$227M 1.1%
408,681
+33,054
+9% +$16M
HEI.A icon
20
HEICO Corp Class A
HEI.A
$34.8B
$211M 1.03%
1,188,218
+26,270
+2% +$4.44M
MRVL icon
21
Marvell Technology
MRVL
$188B
$209M 1.02%
2,990,108
-123,070
-4% -$8.62M
SPGI icon
22
S&P Global
SPGI
$124B
$207M 1.01%
464,457
+59,684
+15% +$25.6M
MU icon
23
Micron Technology
MU
$1.12T
$198M 0.96%
1,506,872
-201,066
-12% -$25.3M
ISRG icon
24
Intuitive Surgical
ISRG
$119B
$174M 0.85%
392,243
-5,375
-1% -$2.14M
BSX icon
25
Boston Scientific
BSX
$64.8B
$157M 0.76%
2,034,562
-173,087
-8% -$12.7M
1
2 3 4 5

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Fred Alger Management's Q2 2024 Portfolio in Review

As of Q2 2024, Fred Alger Management held 486 positions worth $20.6B, up 2% from $20.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $918M in Q2 2024, closing 61 positions and reducing 204 holdings. Its most notable exit was Shockwave Medical, Inc. Common Stock, an estimated $67.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 39% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Applovin worth $291M.

  • Fred Alger Management's largest Q2 2024 buy was Applovin: 3,492,613 shares worth $291M.
  • Fred Alger Management added most to Constellation Energy in Q2 2024, an estimated $108M increase.
  • Fred Alger Management's biggest Q2 2024 reduction was Natera, cutting an estimated $130M.
  • Fred Alger Management fully exited Shockwave Medical, Inc. Common Stock in Q2 2024, selling an estimated $67.4M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q2 2024.
  • Fred Alger Management opened 43 new positions and closed 61 in Q2 2024.
  • Fred Alger Management's portfolio value rose 2% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q2 2024, filed 14 Aug 2024.