Latest FRED ALGER MANAGEMENT, LLC Stock Portfolio

$20.17Billion– No. of Holdings #443

FRED ALGER MANAGEMENT, LLC 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 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).

FRED ALGER MANAGEMENT, LLC Equity Portfolio Value

Last Reported on: 15 May, 2024

FRED ALGER MANAGEMENT, LLC Annual Return Estimates Vs S&P 500

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 corp	102,057,000
citigroup inc.	69,180,700
microstrategy inc cl-a	43,263,400
absci corp	42,076,400
viking therapeutics inc	38,311,700
edwards lifesciences corp	36,121,400
blue owl capital inc	34,780,300
modine manufacturing co	33,502,200

New stocks bought by FRED ALGER MANAGEMENT, LLC

Additions

Ticker	% Inc.
akero therapeutics inc	1,372
synopsys inc	1,218
interdigital inc	1,190
walmart inc	1,123
larimar therapeutics inc	1,041
toast inc	707
global payments inc	687
on holding ag class a	570

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	%
Technology	37.6
Healthcare	16.7
Consumer Cyclical	11.4
Communication Services	9.9
Industrials	9
Others	6
Financial Services	4.8
Consumer Defensive	1.2
Energy	1.1
Basic Materials	1.1

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-CAP	42.9
LARGE-CAP	30.9
MID-CAP	15.2
UNALLOCATED	6
SMALL-CAP	4.9

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	%
Others	100

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

FRED ALGER MANAGEMENT, LLC Holdings Map

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

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

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.00	4,624	672,838	unchanged	0.00

AAPL	apple inc.	3.68	4,323,410	741,379,000	reduced	-12.46

ABBV	abbvie inc	0.10	115,095	20,958,800	added	80.72

ABSI	absci corp	0.21	7,407,810	42,076,400	new

ACAD	acadia pharmaceuticals inc	0.21	2,257,560	41,742,400	reduced	-28.94

ACHC	acadia healthcare co inc	0.46	1,172,480	92,883,800	reduced	-14.8

ACIW	aci worldwide inc	0.02	138,203	4,589,720	reduced	-30.28

ACN	accenture plc cl a	0.01	3,319	1,150,400	added	69.94

ADBE	adobe inc.	0.94	375,627	189,541,000	added	1.07

ADMA	adma biologics inc	0.00	10,434	68,864	unchanged	0.00

ADSK	autodesk inc.	0.00	3,184	829,177	unchanged	0.00

AGG	ishares russell 2000 growth in	0.00	0.00	0.00	sold off	-100

AGG	ishares trust russell 1000 gro	0.00	0.00	0.00	sold off	-100

AGG	ishares russell midcap growth	0.00	0.00	0.00	sold off	-100

AGLE	spyre therapeutics inc	0.00	18,158	688,733	new

AGTI	agiliti inc	0.05	985,279	9,971,020	reduced	-47.82

AGYS	agilysys inc	0.38	920,160	77,532,700	added	23.25

AIR	aar corp	0.16	522,651	31,291,100	added	65.77

AJG	arthur j gallagher	0.00	0.00	0.00	sold off	-100

AKRO	akero therapeutics inc	0.17	1,336,880	33,769,600	added	1,372