Latest FRED ALGER MANAGEMENT, LLC Stock Portfolio

FRED ALGER MANAGEMENT, LLC Performance:

2024 Q3: 3.91%YTD: 23.22%2023: 31.3%

Performance for 2024 Q3 is 3.91%, and YTD is 23.22%, and 2023 is 31.3%.

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 $20.6 Billions as of 30 Sep, 2024.

The top stock holdings of FRED ALGER MANAGEMENT, LLC are MSFT, NVDA, AMZN. The fund has invested 10% of it's portfolio in MICROSOFT CORP and 8.8% of portfolio in NVIDIA CORP.

The fund managers got completely rid off CITIGROUP INC. (C), ELF BEAUTY INC (ELF) and ALPHATEC HOLDINGS INC (ATEC) stocks. They significantly reduced their stock positions in NOVO-NORDISK A/S REPSTG 1/2 CL, SMARTSHEET INC CLASS A (SMAR) and MIDDLEBY CORP (MIDD). FRED ALGER MANAGEMENT, LLC opened new stock positions in TALEN ENERGY CORP, BUILDERS FIRSTSOURCE INC (BLDR) and SEA LTD ADR (SE). The fund showed a lot of confidence in some stocks as they added substantially to SNOWFLAKE INC CLASS A (SNOW), WEATHERFORD INTERNATIONAL (WFRD) and ENOVIX CORP (ENVX).

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

Our best estimate is that FRED ALGER MANAGEMENT, LLC made a return of 3.91% in the last quarter. In trailing 12 months, it's portfolio return was 37.32%.

New Buys

Ticker	$ Bought
talen energy corp	67,283,800
biontech se adr	59,485,200
global e online ltd	53,493,200
builders firstsource inc	51,516,400
sea ltd adr	49,746,000
ferguson enterprises inc	35,454,500
coupang llc a	29,184,100
block inc a	25,173,300

New stocks bought by FRED ALGER MANAGEMENT, LLC

Additions

Ticker	% Inc.
snowflake inc class a	41,039
weatherford international	6,186
enovix corp	2,468
revolution medicines inc	2,384
flutter entertainment plc	2,277
centessa pharmaceuticals plc a	1,515
astera labs	1,360
zscaler inc	1,151

Additions to existing portfolio by FRED ALGER MANAGEMENT, LLC

Reductions

Ticker	% Reduced
middleby corp	-99.94
smartsheet inc class a	-99.94
novo-nordisk a/s repstg 1/2 cl	-99.94
tenable holdings inc	-99.93
informatica inc - class a	-99.82
super micro computer inc	-99.63
live nation entertainment	-99.49
mckesson corp	-99.35

FRED ALGER MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
alphatec holdings inc	-27,570,300
definitive healthcare corp	-9,707,150
citigroup inc.	-48,654,700
immunovant inc	-16,043,900
dlocal limited	-2,466,550
edwards lifesciences corp	-27,366,900
nextera energy partners lp	-5,451,710
nutanix inc a	-9,441,310

FRED ALGER MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

FRED ALGER MANAGEMENT, LLC has about 37.8% of it's holdings in Technology sector.

Sector	%
Technology	37.8
Healthcare	13.7
Consumer Cyclical	10.8
Others	10.2
Communication Services	9.5
Industrials	9.1
Financial Services	4.7
Utilities	1.2

Market Cap. Distribution

FRED ALGER MANAGEMENT, LLC has about 73.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	46.9
LARGE-CAP	27
MID-CAP	12.6
UNALLOCATED	10.2
SMALL-CAP	3.2

Stocks belong to which Index?

About 71.8% of the stocks held by FRED ALGER MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	59.3
Others	28.2
RUSSELL 2000	12.5

Top 5 Winners (%)		%
FBRX	forte bioscience inc	880.7 %
TIL	instil bio inc	426.4 %
CAPR	capricor therapeutics inc	233.6 %
ADMA	adma biologics inc	72.0 %
CDNA	caredx inc	71.1 %

Top 5 Winners ($)		$
APP	applovin corp class a	167.4 M
META	meta platforms inc class a	130.3 M
AAPL	apple inc.	107.1 M
NTRA	natera inc	82.8 M
MELI	mercadolibre inc	54.1 M

Top 5 Losers (%)		%
DECK	deckers outdoor corp	-82.5 %
TTEK	tetra tech inc.	-77.5 %
CTAS	cintas corp.	-72.3 %
LRCX	lam research corp.	-66.3 %
CELH	celsius holdings inc	-39.8 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-82.8 M
PINS	pinterest inc class a	-65.2 M
AMZN	amazon com inc.	-45.6 M
GOOG	alphabet inc cl c	-45.6 M
MU	micron technology inc.	-41.9 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 433 stocks in it's portfolio. About 46.3% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. APP was the most profitable stock for FRED ALGER MANAGEMENT, LLC last quarter.

Last Reported on: 14 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.01	13,317	1,977,310	added	188

AAON	aaon inc.	0.09	179,396	19,346,100	reduced	-0.32

AAPL	apple inc.	5.45	4,822,800	1,123,710,000	added	1.08

ABBV	abbvie inc	0.10	102,765	20,294,000	added	17.54

ABSI	absci corp	0.14	7,566,620	28,904,500	added	4.27

ABT	abbott laboratories	0.02	43,301	4,936,750	new

ACAD	acadia pharmaceuticals inc	0.24	3,186,390	49,006,700	added	17.82

ACHC	acadia healthcare co inc	0.00	0.00	0.00	sold off	-100

ACIW	aci worldwide inc	0.02	88,342	4,496,610	reduced	-35.73

ACN	accenture plc cl a	0.01	3,413	1,206,430	unchanged	0.00

ADBE	adobe inc.	0.68	270,675	140,150,000	reduced	-33.77

ADI	analog devices inc	0.00	862	198,407	new

ADMA	adma biologics inc	0.00	5,211	104,168	reduced	-20.38

ADSK	autodesk inc.	0.00	2,612	719,554	unchanged	0.00

AFRM	affirm holdings inc	0.00	17,711	722,963	new

AGYS	agilysys inc	0.42	801,304	87,318,100	reduced	-14.58

AIR	aar corp	0.16	508,242	33,218,700	reduced	-1.07

AKRO	akero therapeutics inc	0.04	269,601	7,734,850	added	117

ALCC	oklo inc	0.00	0.00	0.00	sold off	-100

ALLE	allegion plc	0.00	2,937	428,038	unchanged	0.00