FRED ALGER MANAGEMENT, LLC

NEW YORK, NY · CIK 3520 · 13F filing filed 2023-08-14

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)

$19.6bn reported value +4.7% vs Q1 2023

510positions

34.1%in top 10

75 new 137 added 231 reduced 81 sold out vs Q1 2023

Options: 0 call positions (— notional), 1 put positions ($330.0k notional) – listed below, not included above.

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 – $13.6m of shares are in both reports
PERSONAL CFO SOLUTIONS, LLC – $744.7k of shares are in both reports

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

Holdings, Q2 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	4,949,732	$1.7bn8.61%	8.61%	Reduced -111.4k	-111,406 -2.2%
2	APPLE INC COM AAPL	AAPL	5,221,338	$1.0bn5.17%	5.17%	Reduced -216.3k	-216,265 -4.0%
3	NVIDIA CORPORATION COM NVDA	NVDA	2,203,861	$932.3m4.76%	4.76%	Reduced -104.2k	-104,202 -4.5%
4	AMAZON COM INC COM AMZN	AMZN	6,412,862	$836.0m4.27%	4.27%	Added +78.2k	+78,209 1.2%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	3,504,695	$424.0m2.17%	2.17%	Added +136.9k	+136,935 4.1%
6	VISA INC COM CL A V	V	1,654,195	$392.8m2.01%	2.01%	Reduced -81.2k	-81,220 -4.7%
7	TRANSDIGM GROUP INC COM TDG	TDG	415,068	$371.1m1.90%	1.90%	Reduced -58.5k	-58,515 -12.4%
8	NATERA INC COM NTRA	NTRA	7,325,740	$356.5m1.82%	1.82%	Reduced -493.2k	-493,185 -6.3%
9	META PLATFORMS INC CL A META	META	1,209,537	$347.1m1.77%	1.77%	Added +390.1k	+390,055 47.6%
10	MERCADOLIBRE INC COM MELI	MELI	266,450	$315.6m1.61%	1.61%	Reduced -17.3k	-17,340 -6.1%
11	NETFLIX INC COM NFLX	NFLX	567,728	$250.1m1.28%	1.28%	Reduced -30.8k	-30,797 -5.2%
12	MARTIN MARIETTA MATLS INC COM MLM	MLM	535,851	$247.4m1.26%	1.26%	Added +16.3k	+16,282 3.1%
13	TESLA INC COM TSLA	TSLA	911,068	$238.5m1.22%	1.22%	Reduced -122.9k	-122,939 -11.9%
14	MARVELL TECHNOLOGY INC COM MRVL	MRVL	3,941,561	$235.6m1.20%	1.20%	Reduced -1.3m	-1,268,901 -24.4%
15	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	5,695,762	$221.0m1.13%	1.13%	Added +2.1m	+2,118,106 59.2%
16	S&P GLOBAL INC COM SPGI	SPGI	517,784	$207.6m1.06%	1.06%	Added +7.5k	+7,522 1.5%
17	FIRSTSERVICE CORP NEW COM FSV	FSV	1,309,955	$201.9m1.03%	1.03%	Reduced -102.9k	-102,880 -7.3%
18	UNITEDHEALTH GROUP INC COM UNH	UNH	412,512	$198.3m1.01%	1.01%	Added +10.3k	+10,318 2.6%
19	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,648,235	$166.3m0.85%	0.85%	Added +627.1k	+627,070 61.4%
20	LAS VEGAS SANDS CORP COM LVS	LVS	2,714,989	$157.5m0.80%	0.80%	Reduced -157.9k	-157,911 -5.5%
21	THE TRADE DESK INC COM CL A TTD	TTD	2,013,826	$155.5m0.79%	0.79%	Added +247.0k	+246,984 14.0%
22	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	448,172	$153.2m0.78%	0.78%	Reduced -25.9k	-25,884 -5.5%
23	INSPIRE MED SYS INC COM INSP	INSP	467,378	$151.7m0.78%	0.78%	Reduced -80.8k	-80,776 -14.7%
24	ADOBE INC COM ADBE	ADBE	298,493	$146.0m0.75%	0.75%	Added +97.1k	+97,091 48.2%
25	SPS COMM INC COM SPSC	SPSC	753,768	$144.8m0.74%	0.74%	Reduced -151.1k	-151,147 -16.7%
26	LIBERTY MEDIA CORP DEL COM SER C FRMLA FWONK	FWONK	1,863,830	$140.3m0.72%	0.72%	Reduced -68.8k	-68,812 -3.6%
27	TRANSMEDICS GROUP INC COM TMDX	TMDX	1,649,508	$138.5m0.71%	0.71%	Added +505.9k	+505,869 44.2%
28	JPMORGAN CHASE & CO COM JPM	JPM	924,471	$134.5m0.69%	0.69%	Added +6.2k	+6,179 0.7%
29	ACADIA HEALTHCARE COMPANY IN COM ACHC	ACHC	1,670,779	$133.1m0.68%	0.68%	Reduced -285.3k	-285,262 -14.6%
30	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,158,040	$131.9m0.67%	0.67%	Reduced -662.0k	-662,019 -36.4%
31	MCKESSON CORP COM MCK	MCK	303,868	$129.8m0.66%	0.66%	Added +125.2k	+125,243 70.1%
32	PROGYNY INC COM PGNY	PGNY	3,289,075	$129.4m0.66%	0.66%	Reduced -146.5k	-146,491 -4.3%
33	SERVICENOW INC COM NOW	NOW	228,677	$128.5m0.66%	0.66%	Added +53.2k	+53,188 30.3%
34	SCHLUMBERGER LTD COM STK SLB	SLB	2,539,958	$124.8m0.64%	0.64%	Reduced -81.6k	-81,615 -3.1%
35	CASELLA WASTE SYS INC CL A CWST	CWST	1,371,245	$124.0m0.63%	0.63%	Reduced -218.6k	-218,624 -13.8%
36	HEICO CORP NEW CL A HEI.A	HEI.A	859,127	$120.8m0.62%	0.62%	Added +5.8k	+5,774 0.7%
37	VAXCYTE INC COM PCVX	PCVX	2,371,218	$118.4m0.60%	0.60%	Added +1.5m	+1,526,440 180.7%
38	DANAHER CORPORATION COM DHR	DHR	485,902	$116.6m0.60%	0.60%	Reduced -89.6k	-89,564 -15.6%
39	GLAUKOS CORP COM GKOS	GKOS	1,630,588	$116.1m0.59%	0.59%	Added +109.8k	+109,801 7.2%
40	ALBEMARLE CORP COM ALB	ALB	514,328	$114.7m0.59%	0.59%	Added +12.6k	+12,601 2.5%
41	TRIP COM GROUP LTD ADS TCOM	TCOM	3,270,761	$114.5m0.58%	0.58%	Added +127.7k	+127,749 4.1%
42	WINGSTOP INC COM WING	WING	570,791	$114.2m0.58%	0.58%	Reduced -55.9k	-55,927 -8.9%
43	BOSTON SCIENTIFIC CORP COM BSX	BSX	2,058,480	$111.3m0.57%	0.57%	Added +58.3k	+58,323 2.9%
44	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	648,108	$108.5m0.55%	0.55%	Reduced -27.2k	-27,188 -4.0%
45	NOVANTA INC COM NOVT	NOVT	584,718	$107.6m0.55%	0.55%	Added +80.6k	+80,559 16.0%
46	DIAMONDBACK ENERGY INC COM FANG	FANG	812,742	$106.8m0.55%	0.55%	Added +25.9k	+25,901 3.3%
47	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		1,491,020	$106.7m0.55%	0.55%	Added +377.6k	+377,565 33.9%
48	FLYWIRE CORPORATION COM VTG FLYW	FLYW	3,371,098	$104.6m0.53%	0.53%	Added +914.3k	+914,299 37.2%
49	DATADOG INC CL A COM DDOG	DDOG	1,053,878	$103.7m0.53%	0.53%	Reduced -855.7k	-855,747 -44.8%
50	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	440,846	$103.4m0.53%	0.53%	Reduced -53.8k	-53,761 -10.9%
51	PROS HOLDINGS INC COM PRO	PRO	3,249,856	$100.1m0.51%	0.51%	Reduced -30.8k	-30,756 -0.9%
52	HEICO CORP NEW COM HEI	HEI	563,152	$99.6m0.51%	0.51%	Reduced -33.2k	-33,187 -5.6%
53	WABTEC COM WAB	WAB	891,986	$97.8m0.50%	0.50%	Reduced -132.2k	-132,241 -12.9%
54	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	3,544,411	$94.2m0.48%	0.48%	New
55	RBC BEARINGS INC COM RBC	RBC	429,588	$93.4m0.48%	0.48%	Reduced -118.0k	-118,030 -21.6%
56	BIO-TECHNE CORP COM TECH	TECH	1,134,082	$92.6m0.47%	0.47%	Reduced -3.0k	-2,977 -0.3%
57	SHOCKWAVE MED INC COM SWAV	SWAV	324,271	$92.6m0.47%	0.47%	Added +15.1k	+15,106 4.9%
58	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	1,135,407	$92.2m0.47%	0.47%	Added +1.0m	+1,015,776 849.1%
59	ABCAM PLC ADS ADS		3,738,576	$91.5m0.47%	0.47%	New
60	PLANET FITNESS INC CL A PLNT	PLNT	1,351,974	$91.2m0.47%	0.47%	Added +24.3k	+24,306 1.8%
61	DEXCOM INC COM DXCM	DXCM	704,879	$90.6m0.46%	0.46%	Added +114.1k	+114,127 19.3%
62	ORACLE CORP COM ORCL	ORCL	757,196	$90.2m0.46%	0.46%	Added +37.8k	+37,771 5.2%
63	ON SEMICONDUCTOR CORP COM ON	ON	950,646	$89.9m0.46%	0.46%	Added +7.2k	+7,192 0.8%
64	PIONEER NAT RES CO COM PXD	PXD	427,655	$88.6m0.45%	0.45%	Added +132.2k	+132,198 44.7%
65	APPFOLIO INC COM CL A APPF	APPF	509,660	$87.7m0.45%	0.45%	Added +21.1k	+21,132 4.3%
66	VEEVA SYS INC CL A COM VEEV	VEEV	442,575	$87.5m0.45%	0.45%	Added +17.5k	+17,545 4.1%
67	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	236,666	$87.5m0.45%	0.45%	Added +39.8k	+39,783 20.2%
68	CME GROUP INC COM CME	CME	459,543	$85.1m0.43%	0.43%	Reduced -272	-272 -0.1%
69	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	1,115,359	$84.9m0.43%	0.43%	Reduced -21.0k	-20,995 -1.9%
70	VERTEX INC CL A VERX	VERX	4,247,151	$82.8m0.42%	0.42%	Added +585.3k	+585,339 16.0%
71	EOG RES INC COM EOG	EOG	717,947	$82.2m0.42%	0.42%	Added +124.8k	+124,768 21.0%
72	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	2,108,566	$81.0m0.41%	0.41%	Added +1.6m	+1,618,828 330.6%
73	REPLIGEN CORP COM RGEN	RGEN	570,131	$80.7m0.41%	0.41%	Reduced -21.4k	-21,357 -3.6%
74	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	1,865,337	$78.6m0.40%	0.40%	Reduced -559.8k	-559,792 -23.1%
75	TOAST INC CL A TOST	TOST	3,465,536	$78.2m0.40%	0.40%	New
76	INSULET CORP COM PODD	PODD	264,567	$76.3m0.39%	0.39%	Reduced -112.3k	-112,335 -29.8%
77	ARISTA NETWORKS INC COM COM		468,767	$76.0m0.39%	0.39%	Reduced -68.3k	-68,296 -12.7%
78	INTUIT COM INTU	INTU	165,239	$75.7m0.39%	0.39%	Reduced -428.0k	-428,047 -72.2%
79	ATRICURE INC COM ATRC	ATRC	1,465,378	$72.3m0.37%	0.37%	Reduced -45.9k	-45,926 -3.0%
80	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	202,677	$71.3m0.36%	0.36%	Added +32.5k	+32,509 19.1%
81	CHAMPIONX CORPORATION COM CHX	CHX	2,198,232	$68.2m0.35%	0.35%	Reduced -287.1k	-287,143 -11.6%
82	CONFLUENT INC CLASS A COM CFLT	CFLT	1,925,103	$68.0m0.35%	0.35%	New
83	ELI LILLY & CO COM LLY	LLY	143,965	$67.5m0.34%	0.34%	Added +55.4k	+55,441 62.6%
84	CLEARWATER ANALYTICS HLDGS I CL A CL A		4,214,449	$66.9m0.34%	0.34%	Reduced -37.5k	-37,453 -0.9%
85	TRANSCAT INC COM TRNS	TRNS	770,101	$65.7m0.34%	0.34%	Added +42.9k	+42,876 5.9%
86	MGM RESORTS INTERNATIONAL COM MGM	MGM	1,488,339	$65.4m0.33%	0.33%	Reduced -548.1k	-548,136 -26.9%
87	CORE LABORATORIES INC COM CLB	CLB	2,728,746	$63.4m0.32%	0.32%	New
88	BRUKER CORP COM BRKR	BRKR	855,604	$63.2m0.32%	0.32%	Reduced -169.2k	-169,170 -16.5%
89	STEPSTONE GROUP INC COM CL A STEP	STEP	2,534,383	$62.9m0.32%	0.32%	Added +40.8k	+40,795 1.6%
90	FIRST SOLAR INC COM FSLR	FSLR	326,192	$62.0m0.32%	0.32%	Reduced -139.3k	-139,297 -29.9%
91	HAMILTON LANE INC CL A HLNE	HLNE	773,688	$61.9m0.32%	0.32%	Reduced -216.1k	-216,054 -21.8%
92	QUIDELORTHO CORP COM QDEL	QDEL	734,897	$60.9m0.31%	0.31%	Reduced -119.9k	-119,946 -14.0%
93	AGILYSYS INC COM AGYS	AGYS	872,536	$59.9m0.31%	0.31%	Reduced -44.0k	-43,966 -4.8%
94	CABALETTA BIO INC COM CABA	CABA	4,572,886	$59.0m0.30%	0.30%	Added +557.6k	+557,576 13.9%
95	EATON CORP PLC SHS ETN	ETN	286,943	$57.7m0.29%	0.29%	Reduced -332.5k	-332,538 -53.7%
96	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	633,234	$57.7m0.29%	0.29%	Reduced -467.1k	-467,069 -42.5%
97	MONGODB INC CL A MDB	MDB	138,970	$57.1m0.29%	0.29%	Added +119.7k	+119,656 619.5%
98	CHENIERE ENERGY INC COM NEW LNG	LNG	363,852	$55.4m0.28%	0.28%	Reduced -51.6k	-51,555 -12.4%
99	BLACKLINE INC COM BL	BL	1,011,255	$54.4m0.28%	0.28%	Reduced -145.2k	-145,150 -12.6%
100	ACADIA PHARMACEUTICALS INC COM ACAD	ACAD	2,241,065	$53.7m0.27%	0.27%	Added +515.4k	+515,439 29.9%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
PROMETHEUS BIOSCIENCES INC		1,331,759	$142.9m1.3m shares
HESKA CORP HSKA	HSKA	828,868	$80.9m828.9k shares
CORE LABORATORIES N V CLB	CLB	3,582,504	$79.0m3.6m shares
TJX COS INC NEW TJX	TJX	807,689	$63.3m807.7k shares
PDC ENERGY INC PDCE	PDCE	832,671	$53.4m832.7k shares
HERC HLDGS INC HRI	HRI	322,298	$36.7m322.3k shares
PAGERDUTY INC PD	PD	963,008	$33.7m963.0k shares
CATALENT INC CTLT	CTLT	434,239	$28.5m434.2k shares
LPL FINL HLDGS INC LPLA	LPLA	137,461	$27.8m137.5k shares
FRESHPET INC FRPT	FRPT	361,121	$23.9m361.1k shares
AMERESCO INC AMRC	AMRC	372,992	$18.4m373.0k shares
ROBLOX CORP RBLX	RBLX	264,030	$11.9m264.0k shares
ALTERYX INC AYX	AYX	186,040	$10.9m186.0k shares
GRID DYNAMICS HLDGS INC GDYN	GDYN	946,585	$10.8m946.6k shares
FREEPORT-MCMORAN INC FCX	FCX	239,625	$9.8m239.6k shares
ACCOLADE INC ACCD	ACCD	490,342	$7.1m490.3k shares
BAKER HUGHES COMPANY BKR	BKR	130,910	$3.8m130.9k shares
COOPER COS INC		8,092	$3.0m8.1k shares
SUMO LOGIC INC		241,572	$2.9m241.6k shares
ATLASSIAN CORPORATION TEAM	TEAM	15,304	$2.6m15.3k shares
RITCHIE BROS AUCTIONEERS RBA	RBA	45,242	$2.5m45.2k shares
DUOLINGO INC DUOL	DUOL	17,475	$2.5m17.5k shares
PARKER-HANNIFIN CORP PH	PH	6,793	$2.3m6.8k shares
BURLINGTON STORES INC BURL	BURL	10,232	$2.1m10.2k shares
COMPASS THERAPEUTICS INC CMPX	CMPX	403,062	$1.3m403.1k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CARVANA CO CVNA · Put	CVNA	Put	66,000	$330.0k66.0k shares	New