FRED ALGER MANAGEMENT, LLC

NEW YORK, NY · CIK 3520 · 13F filing filed 2023-05-16

SEC-registered investment adviser since 1970 · limited liability company

Assets managed$26.1bn
Staff98 · 40 in investment roles
Main clients (by assets)Mutual funds and ETFs 79%, Pension plans 6%, Individuals 6%
Private funds2 (2 hedge) · $86.2m gross assets
Websitealger.com
Form ADV · 2026-09-17SEC adviser record

Legal entityFRED ALGER MANAGEMENT, LLC (US)
Part of ALGER ASSOCIATES, INC. (US)

Kindhedge funds, mutual funds, futures
Others nearbyNew York, NY, Boston, MA, Denver, CO

As an employer

Offices in1 country
Private fundshedge 2

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States	about 35
Boston, MAUnited States	United States	3
Denver, COUnited States	United States	2

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$18.7bn reported value +1.3% vs Q4 2022

516positions

31.1%in top 10

70 new 194 added 229 reduced 70 sold out vs Q4 2022

This report includes the holdings of 2 other managers that share the investment decisions:

ALPS ADVISORS INC – files its own report too
WEATHERBIE CAPITAL, LLC – reports through this filing

Also in the report of:

Keebeck Wealth Management – $5.2m of shares are in both reports
PERSONAL CFO SOLUTIONS, LLC – $666.2k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	5,061,138	$1.5bn7.80%	7.80%	Reduced -523.0k	-523,016 -9.4%
2	APPLE INC COM AAPL	AAPL	5,437,603	$896.7m4.80%	4.80%	Added +1.0m	+1,009,853 22.8%
3	AMAZON COM INC COM AMZN	AMZN	6,334,653	$654.3m3.50%	3.50%	Reduced -1.0m	-1,045,051 -14.2%
4	NVIDIA CORPORATION COM NVDA	NVDA	2,308,063	$641.1m3.43%	3.43%	Added +393.7k	+393,680 20.6%
5	NATERA INC COM NTRA	NTRA	7,818,925	$434.1m2.32%	2.32%	Reduced -1.2m	-1,153,898 -12.9%
6	VISA INC COM CL A V	V	1,735,415	$391.3m2.09%	2.09%	Added +515.9k	+515,864 42.3%
7	MERCADOLIBRE INC COM MELI	MELI	283,790	$374.1m2.00%	2.00%	Added +89.0k	+88,992 45.7%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	3,367,760	$350.2m1.87%	1.87%	Reduced -1.4m	-1,362,448 -28.8%
9	TRANSDIGM GROUP INC COM TDG	TDG	473,583	$349.1m1.87%	1.87%	Reduced -117.1k	-117,074 -19.8%
10	INTUIT COM INTU	INTU	593,286	$264.5m1.41%	1.41%	Reduced -170.4k	-170,365 -22.3%
11	MARVELL TECHNOLOGY INC COM MRVL	MRVL	5,210,462	$225.6m1.21%	1.21%	Reduced -399.3k	-399,317 -7.1%
12	TESLA INC COM TSLA	TSLA	1,034,007	$214.5m1.15%	1.15%	Reduced -33.2k	-33,217 -3.1%
13	NETFLIX INC COM NFLX	NFLX	598,525	$206.8m1.11%	1.11%	Reduced -14.1k	-14,133 -2.3%
14	FIRSTSERVICE CORP NEW COM FSV	FSV	1,412,835	$199.2m1.07%	1.07%	Reduced -61.4k	-61,411 -4.2%
15	UNITEDHEALTH GROUP INC COM UNH	UNH	402,194	$190.1m1.02%	1.02%	Reduced -205.4k	-205,362 -33.8%
16	MARTIN MARIETTA MATLS INC COM MLM	MLM	519,569	$184.5m0.99%	0.99%	New
17	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,820,059	$178.4m0.95%	0.95%	Reduced -245.7k	-245,744 -11.9%
18	S&P GLOBAL INC COM SPGI	SPGI	510,262	$175.9m0.94%	0.94%	Reduced -53.0k	-53,001 -9.4%
19	META PLATFORMS INC CL A META	META	819,482	$173.7m0.93%	0.93%	Added +804.5k	+804,526 5379.3%
20	LAS VEGAS SANDS CORP COM LVS	LVS	2,872,900	$165.0m0.88%	0.88%	Added +185.3k	+185,266 6.9%
21	ABBVIE INC COM ABBV	ABBV	948,460	$151.2m0.81%	0.81%	Reduced -727.0k	-727,003 -43.4%
22	DANAHER CORPORATION COM DHR	DHR	575,466	$145.0m0.78%	0.78%	Reduced -315.6k	-315,589 -35.4%
23	LIBERTY MEDIA CORP DEL COM SER C FRMLA FWONK	FWONK	1,932,642	$144.6m0.77%	0.77%	Added +913.7k	+913,745 89.7%
24	PROMETHEUS BIOSCIENCES INC COM COM		1,331,759	$142.9m0.76%	0.76%	Reduced -27.5k	-27,497 -2.0%
25	ACADIA HEALTHCARE COMPANY IN COM ACHC	ACHC	1,956,041	$141.3m0.76%	0.76%	Reduced -367.2k	-367,179 -15.8%
26	DATADOG INC CL A COM DDOG	DDOG	1,909,625	$138.8m0.74%	0.74%	Reduced -26.4k	-26,398 -1.4%
27	SPS COMM INC COM SPSC	SPSC	904,915	$137.8m0.74%	0.74%	Reduced -74.5k	-74,484 -7.6%
28	CASELLA WASTE SYS INC CL A CWST	CWST	1,589,869	$131.4m0.70%	0.70%	Reduced -705.0k	-704,950 -30.7%
29	SCHLUMBERGER LTD COM STK SLB	SLB	2,621,573	$128.7m0.69%	0.69%	Added +700.5k	+700,484 36.5%
30	INSPIRE MED SYS INC COM INSP	INSP	548,154	$128.3m0.69%	0.69%	Added +38.0k	+38,021 7.5%
31	RBC BEARINGS INC COM RBC	RBC	547,618	$127.4m0.68%	0.68%	Reduced -111.0k	-111,034 -16.9%
32	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	3,577,656	$123.2m0.66%	0.66%	New
33	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	474,056	$121.1m0.65%	0.65%	Added +26.3k	+26,340 5.9%
34	INSULET CORP COM PODD	PODD	376,902	$120.2m0.64%	0.64%	Reduced -188.7k	-188,730 -33.4%
35	JPMORGAN CHASE & CO COM JPM	JPM	918,292	$119.7m0.64%	0.64%	Added +820.3k	+820,345 837.5%
36	TRIP COM GROUP LTD ADS TCOM	TCOM	3,143,012	$118.4m0.63%	0.63%	Added +2.6m	+2,581,231 459.5%
37	HEICO CORP NEW CL A HEI.A	HEI.A	853,353	$116.0m0.62%	0.62%	Reduced -116.0k	-115,974 -12.0%
38	WINGSTOP INC COM WING	WING	626,718	$115.1m0.62%	0.62%	Reduced -14.1k	-14,136 -2.2%
39	ALBEMARLE CORP COM ALB	ALB	501,727	$110.9m0.59%	0.59%	Added +141.4k	+141,409 39.2%
40	PROGYNY INC COM PGNY	PGNY	3,435,566	$110.4m0.59%	0.59%	Added +1.1m	+1,062,855 44.8%
41	THE TRADE DESK INC COM CL A TTD	TTD	1,766,842	$107.6m0.58%	0.58%	Reduced -121.4k	-121,434 -6.4%
42	DIAMONDBACK ENERGY INC COM FANG	FANG	786,841	$106.4m0.57%	0.57%	Added +290.2k	+290,166 58.4%
43	DISNEY WALT CO COM DIS	DIS	1,061,731	$106.3m0.57%	0.57%	Added +181.1k	+181,088 20.6%
44	EATON CORP PLC SHS ETN	ETN	619,481	$106.1m0.57%	0.57%	Reduced -603.7k	-603,681 -49.4%
45	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	494,607	$103.9m0.56%	0.56%	Reduced -87.9k	-87,903 -15.1%
46	WABTEC COM WAB	WAB	1,024,227	$103.5m0.55%	0.55%	Reduced -143.5k	-143,461 -12.3%
47	PLANET FITNESS INC CL A PLNT	PLNT	1,327,668	$103.1m0.55%	0.55%	Added +339.8k	+339,835 34.4%
48	HEICO CORP NEW COM HEI	HEI	596,339	$102.0m0.55%	0.55%	Reduced -32.5k	-32,450 -5.2%
49	FIRST SOLAR INC COM FSLR	FSLR	465,489	$101.2m0.54%	0.54%	Reduced -166.6k	-166,589 -26.4%
50	BOSTON SCIENTIFIC CORP COM BSX	BSX	2,000,157	$100.1m0.54%	0.54%	Added +813.8k	+813,771 68.6%
51	REPLIGEN CORP COM RGEN	RGEN	591,488	$99.6m0.53%	0.53%	Added +176.3k	+176,259 42.5%
52	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,021,165	$95.0m0.51%	0.51%	Added +652.7k	+652,723 177.2%
53	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	1,136,354	$93.2m0.50%	0.50%	Reduced -216.7k	-216,691 -16.0%
54	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	675,296	$92.4m0.49%	0.49%	Reduced -16.6k	-16,604 -2.4%
55	MGM RESORTS INTERNATIONAL COM MGM	MGM	2,036,475	$90.5m0.48%	0.48%	Reduced -1.4m	-1,391,641 -40.6%
56	ARISTA NETWORKS INC COM COM		537,063	$90.2m0.48%	0.48%	Added +536.9k	+536,903 335564.4%
57	PROS HOLDINGS INC COM PRO	PRO	3,280,612	$89.9m0.48%	0.48%	Added +9.0k	+8,999 0.3%
58	CME GROUP INC COM CME	CME	459,815	$88.1m0.47%	0.47%	Added +343.4k	+343,447 295.1%
59	NIKE INC CL B NKE	NKE	709,880	$87.1m0.47%	0.47%	Added +547.1k	+547,080 336.0%
60	TRANSMEDICS GROUP INC COM TMDX	TMDX	1,143,639	$86.6m0.46%	0.46%	Added +843.4k	+843,434 280.9%
61	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	2,425,129	$86.5m0.46%	0.46%	Reduced -423.1k	-423,083 -14.8%
62	BIO-TECHNE CORP COM TECH	TECH	1,137,059	$84.4m0.45%	0.45%	Reduced -200.1k	-200,132 -15.0%
63	SERVICENOW INC COM NOW	NOW	175,489	$81.6m0.44%	0.44%	Reduced -5.8k	-5,805 -3.2%
64	HESKA CORP COM RESTRC NEW HSKA	HSKA	828,868	$80.9m0.43%	0.43%	Added +291.8k	+291,763 54.3%
65	BRUKER CORP COM BRKR	BRKR	1,024,774	$80.8m0.43%	0.43%	Added +126.0k	+126,016 14.0%
66	NOVANTA INC COM NOVT	NOVT	504,159	$80.2m0.43%	0.43%	Added +75.7k	+75,708 17.7%
67	CORE LABORATORIES N V COM CLB	CLB	3,582,504	$79.0m0.42%	0.42%	Reduced -271.5k	-271,473 -7.0%
68	VEEVA SYS INC CL A COM VEEV	VEEV	425,030	$78.1m0.42%	0.42%	Reduced -220.4k	-220,409 -34.1%
69	ON SEMICONDUCTOR CORP COM ON	ON	943,454	$77.7m0.42%	0.42%	Added +747.6k	+747,590 381.7%
70	BLACKLINE INC COM BL	BL	1,156,405	$77.7m0.42%	0.42%	Reduced -322.2k	-322,242 -21.8%
71	ADOBE INC COM ADBE	ADBE	201,402	$77.6m0.42%	0.42%	Added +32.4k	+32,438 19.2%
72	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		1,113,455	$77.3m0.41%	0.41%	Reduced -21.1k	-21,096 -1.9%
73	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	1,100,303	$77.0m0.41%	0.41%	Reduced -2.0m	-1,962,596 -64.1%
74	GLAUKOS CORP COM GKOS	GKOS	1,520,787	$76.2m0.41%	0.41%	Added +194.0k	+194,028 14.6%
75	QUIDELORTHO CORP COM QDEL	QDEL	854,843	$76.2m0.41%	0.41%	Reduced -281.0k	-281,017 -24.7%
76	VERTEX INC CL A VERX	VERX	3,661,812	$75.8m0.41%	0.41%	Reduced -88.3k	-88,300 -2.4%
77	AGILYSYS INC COM AGYS	AGYS	916,502	$75.6m0.40%	0.40%	Added +352.6k	+352,559 62.5%
78	BIOGEN INC COM BIIB	BIIB	269,438	$74.9m0.40%	0.40%	Reduced -62.6k	-62,627 -18.9%
79	EVERBRIDGE INC COM EVBG	EVBG	2,122,198	$73.6m0.39%	0.39%	Added +223.7k	+223,680 11.8%
80	HAMILTON LANE INC CL A HLNE	HLNE	989,742	$73.2m0.39%	0.39%	Reduced -60.1k	-60,081 -5.7%
81	FLYWIRE CORPORATION COM VTG FLYW	FLYW	2,456,799	$72.1m0.39%	0.39%	Added +2.0m	+2,000,717 438.7%
82	PROGRESSIVE CORP COM PGR	PGR	498,589	$71.3m0.38%	0.38%	Added +326.9k	+326,873 190.4%
83	MERCURY SYS INC COM MRCY	MRCY	1,345,333	$68.8m0.37%	0.37%	Added +64.0k	+64,009 5.0%
84	DEXCOM INC COM DXCM	DXCM	590,752	$68.6m0.37%	0.37%	Added +365.0k	+365,035 161.7%
85	EOG RES INC COM EOG	EOG	593,179	$68.0m0.36%	0.36%	Reduced -54.1k	-54,127 -8.4%
86	CLEARWATER ANALYTICS HLDGS I CL A CL A		4,251,902	$67.9m0.36%	0.36%	Reduced -330.9k	-330,920 -7.2%
87	CHAMPIONX CORPORATION COM CHX	CHX	2,485,375	$67.4m0.36%	0.36%	Reduced -176.8k	-176,754 -6.6%
88	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	196,883	$67.1m0.36%	0.36%	Reduced -46.5k	-46,534 -19.1%
89	SHOCKWAVE MED INC COM SWAV	SWAV	309,165	$67.0m0.36%	0.36%	Reduced -106.6k	-106,644 -25.6%
90	ORACLE CORP COM ORCL	ORCL	719,425	$66.8m0.36%	0.36%	Added +61.3k	+61,315 9.3%
91	UBER TECHNOLOGIES INC COM UBER	UBER	2,106,300	$66.8m0.36%	0.36%	Added +83.1k	+83,069 4.1%
92	CHENIERE ENERGY INC COM NEW LNG	LNG	415,407	$65.5m0.35%	0.35%	Reduced -106.0k	-106,048 -20.3%
93	TRANSCAT INC COM TRNS	TRNS	727,225	$65.0m0.35%	0.35%	Added +41.6k	+41,563 6.1%
94	WORKDAY INC CL A WDAY	WDAY	313,626	$64.8m0.35%	0.35%	Added +311.3k	+311,286 13302.8%
95	MCKESSON CORP COM MCK	MCK	178,625	$63.6m0.34%	0.34%	Reduced -425.7k	-425,746 -70.4%
96	TJX COS INC NEW COM TJX	TJX	807,689	$63.3m0.34%	0.34%	Added +15.0k	+15,001 1.9%
97	ATRICURE INC COM ATRC	ATRC	1,511,304	$62.6m0.34%	0.34%	Reduced -244.1k	-244,094 -13.9%
98	APPFOLIO INC COM CL A APPF	APPF	488,528	$60.8m0.33%	0.33%	Reduced -8.6k	-8,636 -1.7%
99	STEPSTONE GROUP INC COM CL A STEP	STEP	2,493,588	$60.5m0.32%	0.32%	Reduced -275.2k	-275,218 -9.9%
100	SPROUT SOCIAL INC COM CL A SPT	SPT	993,271	$60.5m0.32%	0.32%	Reduced -183.5k	-183,468 -15.6%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
COUPA SOFTWARE INC COUP	COUP	1,261,055	$99.8m1.3m shares
CENTENE CORP DEL CNC	CNC	997,555	$81.8m997.6k shares
ANTERO RESOURCES CORP AR	AR	1,522,201	$47.2m1.5m shares
DEVON ENERGY CORP NEW DVN	DVN	685,220	$42.1m685.2k shares
PDD HOLDINGS INC PDD	PDD	470,494	$38.4m470.5k shares
SBA COMMUNICATIONS CORP NEW SBAC	SBAC	104,680	$29.3m104.7k shares
AMETEK INC AME	AME	156,488	$21.9m156.5k shares
POPULAR INC BPOP	BPOP	326,747	$21.7m326.7k shares
VERICEL CORP VCEL	VCEL	783,225	$20.6m783.2k shares
SIGNIFY HEALTH INC SGFY	SGFY	472,817	$13.6m472.8k shares
ASPEN TECHNOLOGY INC AZPN	AZPN	63,736	$13.1m63.7k shares
ISHARES TR IWO	IWO	60,669	$13.0m60.7k shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	391,737	$11.8m391.7k shares
ISHARES TR IWP	IWP	100,605	$8.4m100.6k shares
SEAGEN INC SGEN	SGEN	53,139	$6.8m53.1k shares
CUTERA INC CUTR	CUTR	115,147	$5.1m115.1k shares
CVS HEALTH CORP CVS	CVS	48,938	$4.6m48.9k shares
WATERS CORP WAT	WAT	12,575	$4.3m12.6k shares
IAA INC		86,127	$3.4m86.1k shares
ENTERPRISE PRODS PARTNERS L EPD	EPD	137,253	$3.3m137.3k shares
DYNATRACE INC DT	DT	70,061	$2.7m70.1k shares
LENDINGTREE INC NEW TREE	TREE	120,731	$2.6m120.7k shares
NEW FORTRESS ENERGY INC		56,464	$2.4m56.5k shares
MERSANA THERAPEUTICS INC		378,450	$2.2m378.4k shares
FIRST REP BK SAN FRANCISCO C FRCB	FRCB	16,907	$2.1m16.9k shares