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Latest FRED ALGER MANAGEMENT, LLC Stock Portfolio

$20.17Billion– No. of Holdings #443

Performance:
2024 Q1: 12.37%YTD: 12.37%2023: 31.64%

Performance for 2024 Q1 is 12.37%, and YTD is 12.37%, and 2023 is 31.64%.

About FRED ALGER MANAGEMENT, LLC and it’s 13F Hedge Fund Stock Holdings

FRED ALGER MANAGEMENT, LLC is a hedge fund based in NEW YORK, NY. On 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $17.7 Billions. In it's latest 13F Holdings report, FRED ALGER MANAGEMENT, LLC reported an equity portfolio of $20.2 Billions as of 31 Mar, 2024.

The top stock holdings of FRED ALGER MANAGEMENT, LLC are MSFT, NVDA, AMZN. The fund has invested 10.2% of it's portfolio in MICROSOFT CORP and 7.2% of portfolio in NVIDIA CORP.

The fund managers got completely rid off HUMANA INC (HUM), CHENIERE ENERGY INC (LNG) and CYMABAY THERAPEUTICS INC (CBAY) stocks. They significantly reduced their stock positions in TRANSMEDICS GROUP INC (TMDX), CONFLUENT INC (CFLT) and ANSYS INC (ANSS). FRED ALGER MANAGEMENT, LLC opened new stock positions in STRYKER CORP (SYK), CITIGROUP INC. (C) and MICROSTRATEGY INC CL-A (MSTR). The fund showed a lot of confidence in some stocks as they added substantially to AKERO THERAPEUTICS INC (AKRO), SYNOPSYS INC (SNPS) and INTERDIGITAL INC (IDCC).
Equity Portfolio Value
Last Reported on: 15 May, 2024

Performance Estimate

Our best estimate is that FRED ALGER MANAGEMENT, LLC made a return of 12.37% in the last quarter. In trailing 12 months, it's portfolio return was 34.5%.

New Buys

Ticker$ Bought
stryker corp102,057,000
citigroup inc.69,180,700
microstrategy inc cl-a43,263,400
absci corp42,076,400
viking therapeutics inc38,311,700
edwards lifesciences corp36,121,400
blue owl capital inc34,780,300
modine manufacturing co33,502,200

New stocks bought by FRED ALGER MANAGEMENT, LLC

Additions

Ticker% Inc.
akero therapeutics inc1,372
synopsys inc1,218
interdigital inc1,190
walmart inc1,123
larimar therapeutics inc1,041
toast inc707
global payments inc687
on holding ag class a570

Additions to existing portfolio by FRED ALGER MANAGEMENT, LLC

Reductions

Ticker% Reduced
transmedics group inc-99.95
confluent inc-99.94
ansys inc-99.42
gitlab inc-99.38
booking holdings inc-99.31
bentley systems inc-97.68
teledyne technologies inc-97.59
arrowhead pharmaceuticals-96.01

FRED ALGER MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker$ Sold
cymabay therapeutics inc-46,480,800
snap inc a-14,323,300
everbridge inc-19,059,900
schrodinger inc-22,656,000
grifols sa adr-5,075,630
cheniere energy inc-67,669,800
lindblad expeditions holding-3,532,670
bumble inc-4,162,380

FRED ALGER MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

FRED ALGER MANAGEMENT, LLC has about 37.6% of it's holdings in Technology sector.

Sector%
Technology37.6
Healthcare16.7
Consumer Cyclical11.4
Communication Services9.9
Industrials9
Others6
Financial Services4.8
Consumer Defensive1.2
Energy1.1
Basic Materials1.1

Market Cap. Distribution

FRED ALGER MANAGEMENT, LLC has about 73.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category%
MEGA-CAP42.9
LARGE-CAP30.9
MID-CAP15.2
UNALLOCATED6
SMALL-CAP4.9

Stocks belong to which Index?

About 0% of the stocks held by FRED ALGER MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index%
Others100
Top 5 Winners (%)%
AGLE
spyre therapeutics inc
ONON
on holding ag class a
779.4 %
MSTR
microstrategy inc cl-a
148.0 %
VKTX
viking therapeutics inc
126.5 %
SMCI
super micro computer inc
78.2 %
Top 5 Winners ($)$
NVDA
nvidia corp.
709.7 M
META
meta platforms inc class a
269.0 M
MSFT
microsoft corp
218.0 M
NTRA
natera inc
192.6 M
AMZN
amazon com inc.
182.0 M
Top 5 Losers (%)%
XMTR
xometry inc-a
-52.8 %
ODFL
old dominion freight line
-46.1 %
ACAD
acadia pharmaceuticals inc
-34.8 %
MASS
908 devices inc
-33.2 %
NVRO
nevro corp
-32.8 %
Top 5 Losers ($)$
AAPL
apple inc.
-97.3 M
ODFL
old dominion freight line
-71.0 M
TSLA
tesla inc
-52.1 M
XMTR
xometry inc-a
-40.2 M
ACAD
acadia pharmaceuticals inc
-34.6 M

Current Stock Holdings of FRED ALGER MANAGEMENT, LLC

FRED ALGER MANAGEMENT, LLC has 443 stocks in it's portfolio. About 41.5% of the portfolio is in top 10 stocks. AAPL proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for FRED ALGER MANAGEMENT, LLC last quarter.

Last Reported on: 15 May, 2024
TickerNamesorted ascending% PortfolioShares Held$ ValueType% ChangeOptions

FRED ALGER MANAGEMENT, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Color: Indicates the percentage change from the previous quarter. The spectrum ranges from solid green (positive change) to solid red (negative change), with grey representing no change.

Size: Reflects the investment's proportion relative to the overall portfolio size.

New Positions: Always displayed in green.

A large green box signifies a substantial addition to the portfolio, indicating a significant investment in that stock. Conversely, a large red box denotes a reduction in holdings, yet it remains a considerable part of the portfolio.