FRED ALGER MANAGEMENT, LLC

NEW YORK, NY · CIK 3520 · 13F filing filed 2023-11-14

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)

$17.4bn reported value -11.1% vs Q2 2023

461positions

37.6%in top 10

50 new 117 added 230 reduced 99 sold out vs Q2 2023

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 – $14.5m of shares are in both reports
PERSONAL CFO SOLUTIONS, LLC – $385.7k of shares are in both reports

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

Holdings, Q3 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	4,917,130	$1.6bn8.92%	8.92%	Reduced -32.6k	-32,602 -0.7%
2	NVIDIA CORPORATION COM NVDA	NVDA	2,143,491	$932.4m5.36%	5.36%	Reduced -60.4k	-60,370 -2.7%
3	APPLE INC COM AAPL	AAPL	4,918,151	$842.0m4.84%	4.84%	Reduced -303.2k	-303,187 -5.8%
4	AMAZON COM INC COM AMZN	AMZN	6,305,762	$801.6m4.61%	4.61%	Reduced -107.1k	-107,100 -1.7%
5	META PLATFORMS INC CL A META	META	2,121,615	$636.9m3.66%	3.66%	Added +912.1k	+912,078 75.4%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	4,417,430	$582.4m3.35%	3.35%	Added +912.7k	+912,735 26.0%
7	VISA INC COM CL A V	V	1,532,418	$352.5m2.03%	2.03%	Reduced -121.8k	-121,777 -7.4%
8	NATERA INC COM NTRA	NTRA	6,956,186	$307.8m1.77%	1.77%	Reduced -369.6k	-369,554 -5.0%
9	TESLA INC COM TSLA	TSLA	1,130,076	$282.8m1.63%	1.63%	Added +219.0k	+219,008 24.0%
10	TRANSDIGM GROUP INC COM TDG	TDG	299,444	$252.5m1.45%	1.45%	Reduced -115.6k	-115,624 -27.9%
11	MERCADOLIBRE INC COM MELI	MELI	176,282	$223.5m1.28%	1.28%	Reduced -90.2k	-90,168 -33.8%
12	MARVELL TECHNOLOGY INC COM MRVL	MRVL	4,036,564	$218.5m1.26%	1.26%	Added +95.0k	+95,003 2.4%
13	ADOBE INC COM ADBE	ADBE	410,236	$209.2m1.20%	1.20%	Added +111.7k	+111,743 37.4%
14	UNITEDHEALTH GROUP INC COM UNH	UNH	387,103	$195.2m1.12%	1.12%	Reduced -25.4k	-25,409 -6.2%
15	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	6,050,953	$192.2m1.10%	1.10%	Added +355.2k	+355,191 6.2%
16	FIRSTSERVICE CORP NEW COM FSV	FSV	1,225,336	$178.3m1.03%	1.03%	Reduced -84.6k	-84,619 -6.5%
17	S&P GLOBAL INC COM SPGI	SPGI	475,191	$173.6m1.00%	1.00%	Reduced -42.6k	-42,593 -8.2%
18	MARTIN MARIETTA MATLS INC COM MLM	MLM	413,712	$169.8m0.98%	0.98%	Reduced -122.1k	-122,139 -22.8%
19	NETFLIX INC COM NFLX	NFLX	433,628	$163.7m0.94%	0.94%	Reduced -134.1k	-134,100 -23.6%
20	SCHLUMBERGER LTD COM STK SLB	SLB	2,703,670	$157.6m0.91%	0.91%	Added +163.7k	+163,712 6.5%
21	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,582,695	$137.5m0.79%	0.79%	Reduced -65.5k	-65,540 -4.0%
22	BOSTON SCIENTIFIC CORP COM BSX	BSX	2,596,472	$137.1m0.79%	0.79%	Added +538.0k	+537,992 26.1%
23	MCKESSON CORP COM MCK	MCK	311,537	$135.5m0.78%	0.78%	Added +7.7k	+7,669 2.5%
24	GLAUKOS CORP COM GKOS	GKOS	1,780,690	$134.0m0.77%	0.77%	Added +150.1k	+150,102 9.2%
25	DANAHER CORPORATION COM DHR	DHR	515,400	$127.9m0.74%	0.74%	Added +29.5k	+29,498 6.1%
26	PINTEREST INC CL A PINS	PINS	4,672,065	$126.3m0.73%	0.73%	Added +4.7m	+4,670,394 279497.0%
27	ELI LILLY & CO COM LLY	LLY	231,129	$124.1m0.71%	0.71%	Added +87.2k	+87,164 60.5%
28	SERVICENOW INC COM NOW	NOW	221,690	$123.9m0.71%	0.71%	Reduced -7.0k	-6,987 -3.1%
29	THE TRADE DESK INC COM CL A TTD	TTD	1,563,582	$122.2m0.70%	0.70%	Reduced -450.2k	-450,244 -22.4%
30	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	475,259	$111.4m0.64%	0.64%	Added +34.4k	+34,413 7.8%
31	FLYWIRE CORPORATION COM VTG FLYW	FLYW	3,479,847	$111.0m0.64%	0.64%	Added +108.7k	+108,749 3.2%
32	SPS COMM INC COM SPSC	SPSC	647,258	$110.4m0.63%	0.63%	Reduced -106.5k	-106,510 -14.1%
33	TRIP COM GROUP LTD ADS TCOM	TCOM	3,154,192	$110.3m0.63%	0.63%	Reduced -116.6k	-116,569 -3.6%
34	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	1,761,659	$109.8m0.63%	0.63%	New
35	PROGYNY INC COM PGNY	PGNY	3,212,745	$109.3m0.63%	0.63%	Reduced -76.3k	-76,330 -2.3%
36	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	370,759	$108.4m0.62%	0.62%	Reduced -77.4k	-77,413 -17.3%
37	VERTEX INC CL A VERX	VERX	4,651,701	$107.5m0.62%	0.62%	Added +404.6k	+404,550 9.5%
38	VAXCYTE INC COM PCVX	PCVX	2,093,305	$106.7m0.61%	0.61%	Reduced -277.9k	-277,913 -11.7%
39	DIAMONDBACK ENERGY INC COM FANG	FANG	683,107	$105.8m0.61%	0.61%	Reduced -129.6k	-129,635 -15.9%
40	PROS HOLDINGS INC COM PRO	PRO	3,032,813	$105.0m0.60%	0.60%	Reduced -217.0k	-217,043 -6.7%
41	CASELLA WASTE SYS INC CL A CWST	CWST	1,376,089	$105.0m0.60%	0.60%	Added +4.8k	+4,844 0.3%
42	APPFOLIO INC COM CL A APPF	APPF	572,007	$104.5m0.60%	0.60%	Added +62.3k	+62,347 12.2%
43	ACADIA HEALTHCARE COMPANY IN COM ACHC	ACHC	1,483,685	$104.3m0.60%	0.60%	Reduced -187.1k	-187,094 -11.2%
44	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	629,878	$103.0m0.59%	0.59%	Reduced -18.2k	-18,230 -2.8%
45	HEICO CORP NEW CL A HEI.A	HEI.A	792,113	$102.4m0.59%	0.59%	Reduced -67.0k	-67,014 -7.8%
46	RBC BEARINGS INC COM RBC	RBC	419,664	$98.3m0.56%	0.56%	Reduced -9.9k	-9,924 -2.3%
47	HEICO CORP NEW COM HEI	HEI	577,181	$93.5m0.54%	0.54%	Added +14.0k	+14,029 2.5%
48	STEPSTONE GROUP INC COM CL A STEP	STEP	2,823,766	$89.2m0.51%	0.51%	Added +289.4k	+289,383 11.4%
49	PIONEER NAT RES CO COM PXD	PXD	385,507	$88.5m0.51%	0.51%	Reduced -42.1k	-42,148 -9.9%
50	CME GROUP INC COM CME	CME	440,557	$88.2m0.51%	0.51%	Reduced -19.0k	-18,986 -4.1%
51	TRANSMEDICS GROUP INC COM TMDX	TMDX	1,574,603	$86.2m0.50%	0.50%	Reduced -74.9k	-74,905 -4.5%
52	WINGSTOP INC COM WING	WING	459,314	$82.6m0.47%	0.47%	Reduced -111.5k	-111,477 -19.5%
53	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	2,779,169	$81.8m0.47%	0.47%	Reduced -765.2k	-765,242 -21.6%
54	VEEVA SYS INC CL A COM VEEV	VEEV	398,370	$81.0m0.47%	0.47%	Reduced -44.2k	-44,205 -10.0%
55	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	1,944,378	$80.8m0.46%	0.46%	Reduced -164.2k	-164,188 -7.8%
56	INSPIRE MED SYS INC COM INSP	INSP	405,462	$80.5m0.46%	0.46%	Reduced -61.9k	-61,916 -13.2%
57	HUMANA INC COM HUM	HUM	161,580	$78.6m0.45%	0.45%	Added +131.0k	+130,995 428.3%
58	INTUIT COM INTU	INTU	152,871	$78.1m0.45%	0.45%	Reduced -12.4k	-12,368 -7.5%
59	ALBEMARLE CORP COM ALB	ALB	453,763	$77.2m0.44%	0.44%	Reduced -60.6k	-60,565 -11.8%
60	REPLIGEN CORP COM RGEN	RGEN	484,722	$77.1m0.44%	0.44%	Reduced -85.4k	-85,409 -15.0%
61	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	217,153	$75.5m0.43%	0.43%	Added +14.5k	+14,476 7.1%
62	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	826,406	$74.4m0.43%	0.43%	Reduced -289.0k	-288,953 -25.9%
63	DEXCOM INC COM DXCM	DXCM	791,357	$73.8m0.42%	0.42%	Added +86.5k	+86,478 12.3%
64	EOG RES INC COM EOG	EOG	576,790	$73.1m0.42%	0.42%	Reduced -141.2k	-141,157 -19.7%
65	HAMILTON LANE INC CL A HLNE	HLNE	754,845	$68.3m0.39%	0.39%	Reduced -18.8k	-18,843 -2.4%
66	WABTEC COM WAB	WAB	632,548	$67.2m0.39%	0.39%	Reduced -259.4k	-259,438 -29.1%
67	CHENIERE ENERGY INC COM NEW LNG	LNG	402,628	$66.8m0.38%	0.38%	Added +38.8k	+38,776 10.7%
68	CLEARWATER ANALYTICS HLDGS I CL A CL A		3,445,428	$66.6m0.38%	0.38%	Reduced -769.0k	-769,021 -18.2%
69	ADVANCED MICRO DEVICES INC COM AMD	AMD	636,063	$65.4m0.38%	0.38%	Reduced -522.0k	-521,977 -45.1%
70	BIO-TECHNE CORP COM TECH	TECH	956,078	$65.1m0.37%	0.37%	Reduced -178.0k	-178,004 -15.7%
71	CABALETTA BIO INC COM CABA	CABA	4,259,455	$64.8m0.37%	0.37%	Reduced -313.4k	-313,431 -6.8%
72	ACADIA PHARMACEUTICALS INC COM ACAD	ACAD	3,108,883	$64.8m0.37%	0.37%	Added +867.8k	+867,818 38.7%
73	TRANSCAT INC COM TRNS	TRNS	654,980	$64.2m0.37%	0.37%	Reduced -115.1k	-115,121 -14.9%
74	ATRICURE INC COM ATRC	ATRC	1,435,814	$62.9m0.36%	0.36%	Reduced -29.6k	-29,564 -2.0%
75	VERTIV HOLDINGS CO COM CL A VRT	VRT	1,687,284	$62.8m0.36%	0.36%	Reduced -156.8k	-156,785 -8.5%
76	SHOCKWAVE MED INC COM SWAV	SWAV	310,225	$61.8m0.36%	0.36%	Reduced -14.0k	-14,046 -4.3%
77	DATADOG INC CL A COM DDOG	DDOG	669,845	$61.0m0.35%	0.35%	Reduced -384.0k	-384,033 -36.4%
78	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	148,913	$60.9m0.35%	0.35%	Reduced -87.8k	-87,753 -37.1%
79	CHAMPIONX CORPORATION COM CHX	CHX	1,704,474	$60.7m0.35%	0.35%	Reduced -493.8k	-493,758 -22.5%
80	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		894,722	$60.6m0.35%	0.35%	Reduced -596.3k	-596,298 -40.0%
81	MONGODB INC CL A MDB	MDB	173,095	$59.9m0.34%	0.34%	Added +34.1k	+34,125 24.6%
82	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	764,027	$59.0m0.34%	0.34%	Added +39.7k	+39,693 5.5%
83	NOVANTA INC COM NOVT	NOVT	404,161	$58.0m0.33%	0.33%	Reduced -180.6k	-180,557 -30.9%
84	AGILYSYS INC COM AGYS	AGYS	836,486	$55.3m0.32%	0.32%	Reduced -36.0k	-36,050 -4.1%
85	BROADCOM INC COM AVGO	AVGO	64,919	$53.9m0.31%	0.31%	Added +47.1k	+47,059 263.5%
86	UBER TECHNOLOGIES INC COM UBER	UBER	1,157,381	$53.2m0.31%	0.31%	Added +421.4k	+421,360 57.2%
87	REGENERON PHARMACEUTICALS COM REGN	REGN	62,920	$51.8m0.30%	0.30%	Added +62.8k	+62,836 74804.8%
88	BLACKLINE INC COM BL	BL	916,690	$50.8m0.29%	0.29%	Reduced -94.6k	-94,565 -9.3%
89	AIR PRODS & CHEMS INC COM APD	APD	176,205	$49.9m0.29%	0.29%	Added +156.5k	+156,520 795.1%
90	QUANTA SVCS INC COM PWR	PWR	264,937	$49.6m0.28%	0.28%	Added +44.3k	+44,272 20.1%
91	MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD MLTX	MLTX	832,951	$47.5m0.27%	0.27%	Added +85.3k	+85,346 11.4%
92	ORACLE CORP COM ORCL	ORCL	435,972	$46.2m0.27%	0.27%	Reduced -321.2k	-321,224 -42.4%
93	TOAST INC CL A TOST	TOST	2,462,802	$46.1m0.27%	0.27%	Reduced -1.0m	-1,002,734 -28.9%
94	IMMUNOVANT INC COM IMVT	IMVT	1,186,031	$45.5m0.26%	0.26%	Added +1.2m	+1,166,929 6108.9%
95	RAMBUS INC DEL COM RMBS	RMBS	805,631	$44.9m0.26%	0.26%	Added +452.2k	+452,190 127.9%
96	XOMETRY INC CLASS A COM XMTR	XMTR	2,584,913	$43.9m0.25%	0.25%	Added +832.0k	+832,005 47.5%
97	IMPINJ INC COM PI	PI	795,973	$43.8m0.25%	0.25%	Added +568.3k	+568,301 249.6%
98	NCINO INC COM NCNO	NCNO	1,339,050	$42.6m0.24%	0.24%	Added +80.6k	+80,556 6.4%
99	CONFLUENT INC CLASS A COM CFLT	CFLT	1,376,714	$40.8m0.23%	0.23%	Reduced -548.4k	-548,389 -28.5%
100	GITLAB INC CLASS A COM GTLB	GTLB	887,518	$40.1m0.23%	0.23%	Reduced -114.8k	-114,808 -11.4%

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
LIBERTY MEDIA CORP DEL FWONK	FWONK	1,863,830	$140.3m1.9m shares
REATA PHARMACEUTICALS INC RETA	RETA	407,170	$41.5m407.2k shares
SILK RD MED INC SILK	SILK	1,241,469	$40.3m1.2m shares
VIPER ENERGY PARTNERS LP		1,473,972	$39.5m1.5m shares
WASTE MGMT INC DEL WM	WM	217,188	$37.7m217.2k shares
BIOGEN INC BIIB	BIIB	125,980	$35.9m126.0k shares
MODEL N INC MODN	MODN	852,422	$30.1m852.4k shares
AXONICS INC AXNX	AXNX	594,870	$30.0m594.9k shares
YUM CHINA HLDGS INC YUMC	YUMC	342,736	$19.4m342.7k shares
EXPONENT INC EXPO	EXPO	162,493	$15.2m162.5k shares
US FOODS HLDG CORP USFD	USFD	326,712	$14.4m326.7k shares
TANGER INC SKT	SKT	470,850	$10.4m470.9k shares
UNIVERSAL HLTH SVCS INC UHS	UHS	54,202	$8.6m54.2k shares
WORLD WRESTLING ENTMT INC WWE	WWE	68,860	$7.5m68.9k shares
AIRBNB INC ABNB	ABNB	55,262	$7.1m55.3k shares
CHEFS WHSE INC CHEF	CHEF	177,521	$6.3m177.5k shares
TENET HEALTHCARE CORP THC	THC	74,007	$6.0m74.0k shares
ILLUMINA INC ILMN	ILMN	30,136	$5.7m30.1k shares
CELLDEX THERAPEUTICS INC NEW CLDX	CLDX	165,317	$5.6m165.3k shares
CHEESECAKE FACTORY INC CAKE	CAKE	151,002	$5.2m151.0k shares
THE CIGNA GROUP CI	CI	18,522	$5.2m18.5k shares
ANALOG DEVICES INC ADI	ADI	25,671	$5.0m25.7k shares
COTERRA ENERGY INC CTRA	CTRA	158,096	$4.0m158.1k shares
MAGNITE INC MGNI	MGNI	272,714	$3.7m272.7k shares
CHARLES RIV LABS INTL INC CRL	CRL	15,872	$3.3m15.9k shares