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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
+8.28%
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
+$60.4M
Cap. Flow
-$1.01B
Cap. Flow %
-4.91%
Top 10 Hldgs %
46.31%
Holding
486
New
61
Increased
155
Reduced
193
Closed
52

Top Buys

Rank Stock Value
1
GFL icon
GFL Environmental
GFL
+$160M
2
AVGO icon
Broadcom
AVGO
+$128M
3
ALAB icon
Astera Labs
ALAB
+$123M
4
TSLA icon
Tesla
TSLA
+$108M
5
VRT icon
Vertiv
VRT
+$54.1M

Top Sells

Rank Stock Value
1
MRVL icon
Marvell Technology
MRVL
+$150M
2
NTRA icon
Natera
NTRA
+$144M
3
MCK icon
McKesson
MCK
+$134M
4
MELI icon
Mercado Libre
MELI
+$97.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$94.4M

Sector Composition

Rank Sector Weight
1 Technology 38.3%
2 Healthcare 14.56%
3 Communication Services 13.24%
4 Industrials 12.02%
5 Consumer Discretionary 11.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$2.06B 9.99%
4,787,958
-139,313
-3% -$59.6M
NVDA icon
2
NVIDIA
NVDA
$5.06T
$1.81B 8.77%
14,902,566
-478,504
-3% -$56.5M
AMZN icon
3
Amazon
AMZN
$2.51T
$1.19B 5.76%
6,382,394
-139,342
-2% -$25.4M
AAPL icon
4
Apple
AAPL
$4.72T
$1.12B 5.45%
4,822,803
+51,495
+1% +$11.5M
META icon
5
Meta Platforms (Facebook)
META
$1.54T
$1.09B 5.28%
1,901,073
-37,501
-2% -$19.3M
AVGO icon
6
Broadcom
AVGO
$1.87T
$528M 2.56%
3,059,770
+800,390
+35% +$128M
NTRA icon
7
Natera
NTRA
$37.9B
$509M 2.47%
4,012,000
-1,250,664
-24% -$144M
APP icon
8
Applovin
APP
$134B
$462M 2.24%
3,539,467
+46,854
+1% +$4.27M
GFL icon
9
GFL Environmental
GFL
$14.1B
$408M 1.98%
10,221,130
+3,999,363
+64% +$160M
GOOG icon
10
Alphabet (Google) Class C
GOOG
$3.89T
$376M 1.82%
2,248,986
-557,859
-20% -$94.4M
TSM icon
11
TSMC
TSM
$2.16T
$359M 1.74%
2,065,689
+159,960
+8% +$27.3M
VRT icon
12
Vertiv
VRT
$117B
$330M 1.6%
3,320,425
+652,436
+24% +$54.1M
V icon
13
Visa
V
$669B
$270M 1.31%
983,315
-185,300
-16% -$50.1M
NFLX icon
14
Netflix
NFLX
$287B
$257M 1.25%
3,629,480
-1,023,010
-22% -$68.4M
SPGI icon
15
S&P Global
SPGI
$124B
$233M 1.13%
450,783
-13,674
-3% -$6.77M
LLY icon
16
Eli Lilly
LLY
$1.06T
$231M 1.12%
260,797
-17,037
-6% -$15.3M
TDG icon
17
TransDigm Group
TDG
$67.9B
$225M 1.09%
157,493
-21,673
-12% -$28.2M
HEI.A icon
18
HEICO Corp Class A
HEI.A
$34.8B
$205M 0.99%
1,007,227
-180,991
-15% -$34.3M
TSLA icon
19
Tesla
TSLA
$1.26T
$190M 0.92%
725,282
+472,565
+187% +$108M
MELI icon
20
Mercado Libre
MELI
$91.2B
$185M 0.9%
90,011
-51,641
-36% -$97.2M
DKNG icon
21
DraftKings
DKNG
$11.3B
$182M 0.88%
4,643,852
+1,476,003
+47% +$53.3M
ISRG icon
22
Intuitive Surgical
ISRG
$119B
$181M 0.88%
369,241
-23,002
-6% -$10.7M
PINS icon
23
Pinterest
PINS
$12.3B
$171M 0.83%
5,272,979
-289,310
-5% -$9.83M
EQIX icon
24
Equinix
EQIX
$102B
$164M 0.8%
184,926
+40,823
+28% +$33.4M
SPOT icon
25
Spotify
SPOT
$96.4B
$163M 0.79%
442,557
+91,680
+26% +$30.5M
1
2 3 4 5

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Fred Alger Management's Q3 2024 Portfolio in Review

As of Q3 2024, Fred Alger Management held 486 positions worth $20.6B, up 0.29% from $20.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Fred Alger Management withdrew a net $1.01B in Q3 2024, closing 52 positions and reducing 193 holdings. Its most notable exit was Citigroup, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Fred Alger Management opened a new position in Talen Energy Corp worth $67.3M.

  • Fred Alger Management's largest Q3 2024 buy was Talen Energy Corp: 377,490 shares worth $67.3M.
  • Fred Alger Management added most to GFL Environmental in Q3 2024, an estimated $160M increase.
  • Fred Alger Management's biggest Q3 2024 reduction was Marvell Technology, cutting an estimated $150M.
  • Fred Alger Management fully exited Citigroup in Q3 2024, selling an estimated $48.7M.
  • Fred Alger Management's ten largest holdings make up 46% of its $20.6B portfolio in Q3 2024.
  • Fred Alger Management opened 61 new positions and closed 52 in Q3 2024.
  • Fred Alger Management's portfolio value rose 0.29% quarter-over-quarter to $20.6B.

Based on Fred Alger Management's 13F filing for Q3 2024, filed 14 Nov 2024.