FRED ALGER MANAGEMENT, LLC

NEW YORK, NY · CIK 3520 · 13F filing filed 2024-11-14

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)

$20.6bn reported value +0.3% vs Q2 2024

433positions

46.3%in top 10

63 new 153 added 192 reduced 54 sold out vs Q2 2024

Options: 0 call positions (— notional), 1 put positions ($42.3k 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 – $7.8m of shares are in both reports

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

Holdings, Q3 2024

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	4,787,958	$2.1bn9.99%	9.99%	Reduced -139.3k	-139,313 -2.8%
2	NVIDIA CORPORATION COM NVDA	NVDA	14,902,566	$1.8bn8.77%	8.77%	Reduced -478.5k	-478,504 -3.1%
3	AMAZON COM INC COM AMZN	AMZN	6,382,394	$1.2bn5.76%	5.76%	Reduced -139.3k	-139,342 -2.1%
4	APPLE INC COM AAPL	AAPL	4,822,803	$1.1bn5.45%	5.45%	Added +51.5k	+51,495 1.1%
5	META PLATFORMS INC CL A META	META	1,901,073	$1.1bn5.27%	5.27%	Reduced -37.5k	-37,501 -1.9%
6	BROADCOM INC COM AVGO	AVGO	3,059,770	$527.8m2.56%	2.56%	Added +800.4k	+800,390 35.4%
7	NATERA INC COM NTRA	NTRA	4,012,000	$509.3m2.47%	2.47%	Reduced -1.3m	-1,250,664 -23.8%
8	APPLOVIN CORP COM CL A APP	APP	3,539,467	$462.1m2.24%	2.24%	Added +46.9k	+46,854 1.3%
9	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	10,221,130	$407.6m1.98%	1.98%	Added +4.0m	+3,999,363 64.3%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	2,248,986	$376.0m1.82%	1.82%	Reduced -557.9k	-557,859 -19.9%
11	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,065,689	$358.7m1.74%	1.74%	Added +160.0k	+159,960 8.4%
12	VERTIV HOLDINGS CO COM CL A VRT	VRT	3,320,425	$330.3m1.60%	1.60%	Added +652.4k	+652,436 24.4%
13	VISA INC COM CL A V	V	983,315	$270.4m1.31%	1.31%	Reduced -185.3k	-185,300 -15.9%
14	NETFLIX INC COM NFLX	NFLX	362,948	$257.4m1.25%	1.25%	Reduced -102.3k	-102,301 -22.0%
15	S&P GLOBAL INC COM SPGI	SPGI	450,783	$232.9m1.13%	1.13%	Reduced -13.7k	-13,674 -2.9%
16	ELI LILLY & CO COM LLY	LLY	260,797	$231.1m1.12%	1.12%	Reduced -17.0k	-17,037 -6.1%
17	TRANSDIGM GROUP INC COM TDG	TDG	157,493	$224.8m1.09%	1.09%	Reduced -21.7k	-21,673 -12.1%
18	HEICO CORP NEW CL A HEI.A	HEI.A	1,007,227	$205.2m0.99%	0.99%	Reduced -181.0k	-180,991 -15.2%
19	TESLA INC COM TSLA	TSLA	725,282	$189.8m0.92%	0.92%	Added +472.6k	+472,565 187.0%
20	MERCADOLIBRE INC COM MELI	MELI	90,011	$184.7m0.90%	0.90%	Reduced -51.6k	-51,641 -36.5%
21	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	4,643,852	$182.0m0.88%	0.88%	Added +1.5m	+1,476,003 46.6%
22	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	369,241	$181.4m0.88%	0.88%	Reduced -23.0k	-23,002 -5.9%
23	PINTEREST INC CL A PINS	PINS	5,272,979	$170.7m0.83%	0.83%	Reduced -289.3k	-289,310 -5.2%
24	EQUINIX INC COM EQIX	EQIX	184,926	$164.1m0.80%	0.80%	Added +40.8k	+40,823 28.3%
25	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	442,557	$163.1m0.79%	0.79%	Added +91.7k	+91,680 26.1%
26	CONSTELLATION ENERGY CORP COM CEG	CEG	586,584	$152.5m0.74%	0.74%	Reduced -74.1k	-74,112 -11.2%
27	BOSTON SCIENTIFIC CORP COM BSX	BSX	1,788,992	$149.9m0.73%	0.73%	Reduced -245.6k	-245,570 -12.1%
28	ASTERA LABS INC COM ALAB	ALAB	2,821,921	$147.8m0.72%	0.72%	Added +2.6m	+2,628,765 1361.0%
29	DANAHER CORPORATION COM DHR	DHR	530,320	$147.4m0.71%	0.71%	Added +130.4k	+130,435 32.6%
30	VAXCYTE INC COM PCVX	PCVX	1,243,717	$142.1m0.69%	0.69%	Reduced -66.7k	-66,719 -5.1%
31	GLAUKOS CORP COM GKOS	GKOS	1,076,974	$140.3m0.68%	0.68%	Reduced -201.7k	-201,749 -15.8%
32	ADOBE INC COM ADBE	ADBE	270,675	$140.2m0.68%	0.68%	Reduced -138.0k	-138,006 -33.8%
33	FIRSTSERVICE CORP NEW COM FSV	FSV	749,888	$136.8m0.66%	0.66%	Reduced -4.9k	-4,874 -0.7%
34	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	1,669,619	$129.3m0.63%	0.63%	Reduced -91.1k	-91,118 -5.2%
35	UNITEDHEALTH GROUP INC COM UNH	UNH	199,460	$116.6m0.57%	0.57%	Added +95.5k	+95,503 91.9%
36	STEPSTONE GROUP INC COM CL A STEP	STEP	2,025,223	$115.1m0.56%	0.56%	Reduced -319.7k	-319,675 -13.6%
37	ADVANCED MICRO DEVICES INC COM AMD	AMD	664,523	$109.0m0.53%	0.53%	Reduced -223.5k	-223,504 -25.2%
38	WINGSTOP INC COM WING	WING	256,808	$106.9m0.52%	0.52%	Reduced -62.7k	-62,737 -19.6%
39	CASELLA WASTE SYS INC CL A CWST	CWST	1,068,552	$106.3m0.52%	0.52%	Reduced -52.2k	-52,161 -4.7%
40	HAMILTON LANE INC CL A HLNE	HLNE	618,957	$104.2m0.51%	0.51%	Reduced -68.6k	-68,564 -10.0%
41	VERTEX INC CL A VERX	VERX	2,543,838	$98.0m0.47%	0.47%	Reduced -1.5m	-1,543,672 -37.8%
42	HEICO CORP NEW COM HEI	HEI	364,050	$95.2m0.46%	0.46%	Reduced -126.1k	-126,111 -25.7%
43	AMGEN INC COM AMGN	AMGN	280,881	$90.5m0.44%	0.44%	Reduced -44.9k	-44,871 -13.8%
44	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	490,758	$89.8m0.44%	0.44%	Reduced -33.8k	-33,780 -6.4%
45	SPS COMM INC COM SPSC	SPSC	455,903	$88.5m0.43%	0.43%	Reduced -27.5k	-27,496 -5.7%
46	AGILYSYS INC COM AGYS	AGYS	801,304	$87.3m0.42%	0.42%	Reduced -136.8k	-136,754 -14.6%
47	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	318,229	$86.2m0.42%	0.42%	Reduced -168.0k	-167,982 -34.5%
48	TANDEM DIABETES CARE INC COM NEW TNDM	TNDM	1,979,119	$83.9m0.41%	0.41%	Reduced -195.0k	-194,988 -9.0%
49	EATON CORP PLC SHS ETN	ETN	248,275	$82.3m0.40%	0.40%	Added +90.4k	+90,384 57.2%
50	CAMECO CORP COM CCJ	CCJ	1,680,259	$80.2m0.39%	0.39%	Added +839.1k	+839,077 99.8%
51	RBC BEARINGS INC COM RBC	RBC	264,791	$79.3m0.38%	0.38%	Reduced -49.8k	-49,779 -15.8%
52	MARTIN MARIETTA MATLS INC COM MLM	MLM	144,739	$77.9m0.38%	0.38%	Reduced -59.2k	-59,241 -29.0%
53	NRG ENERGY INC COM NEW NRG	NRG	854,463	$77.8m0.38%	0.38%	Added +163.8k	+163,830 23.7%
54	QUANTA SVCS INC COM PWR	PWR	257,806	$76.9m0.37%	0.37%	Added +23.2k	+23,191 9.9%
55	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	772,145	$75.1m0.36%	0.36%	Added +83.1k	+83,063 12.1%
56	SERVICENOW INC COM NOW	NOW	83,520	$74.7m0.36%	0.36%	Reduced -74.0k	-74,026 -47.0%
57	DELL TECHNOLOGIES INC CL C DELL	DELL	605,332	$71.8m0.35%	0.35%	Added +336.1k	+336,108 124.8%
58	TALEN ENERGY CORP COM TLN	TLN	377,490	$67.3m0.33%	0.33%	New
59	NEOGEN CORP COM NEOG	NEOG	3,986,744	$67.0m0.32%	0.32%	Added +1.8m	+1,849,427 86.5%
60	BURLINGTON STORES INC COM BURL	BURL	250,891	$66.1m0.32%	0.32%	Added +1.4k	+1,442 0.6%
61	Q2 HLDGS INC COM QTWO	QTWO	828,138	$66.1m0.32%	0.32%	Reduced -47.3k	-47,265 -5.4%
62	MICRON TECHNOLOGY INC COM MU	MU	626,786	$65.0m0.32%	0.32%	Reduced -880.1k	-880,086 -58.4%
63	NUVALENT INC COM COM		627,742	$64.2m0.31%	0.31%	Added +49.6k	+49,612 8.6%
64	BIONTECH SE SPONSORED ADS BNTX	BNTX	500,844	$59.5m0.29%	0.29%	New
65	MARVELL TECHNOLOGY INC COM MRVL	MRVL	824,256	$59.4m0.29%	0.29%	Reduced -2.2m	-2,165,852 -72.4%
66	REPLIGEN CORP COM RGEN	RGEN	398,554	$59.3m0.29%	0.29%	Added +90.8k	+90,831 29.5%
67	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	392,307	$59.2m0.29%	0.29%	Reduced -40.6k	-40,637 -9.4%
68	GLOBAL E ONLINE LTD SHS GLBE	GLBE	1,391,602	$53.5m0.26%	0.26%	New
69	CLEARWATER ANALYTICS HLDGS I CL A CL A		2,112,142	$53.3m0.26%	0.26%	Reduced -840.5k	-840,492 -28.5%
70	BIO-TECHNE CORP COM TECH	TECH	651,399	$52.1m0.25%	0.25%	Reduced -186.4k	-186,400 -22.2%
71	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	265,740	$51.5m0.25%	0.25%	New
72	UPSTART HLDGS INC COM UPST	UPST	1,246,839	$49.9m0.24%	0.24%	Added +754.4k	+754,416 153.2%
73	SEA LTD SPONSORD ADS SE	SE	527,641	$49.7m0.24%	0.24%	New
74	GATES INDL CORP PLC ORD SHS 9666678D	9666678D	2,827,082	$49.6m0.24%	0.24%	Added +161.4k	+161,450 6.1%
75	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	1,866,402	$49.1m0.24%	0.24%	Added +470.7k	+470,706 33.7%
76	RXO INC COMMON STOCK RXO	RXO	1,751,114	$49.0m0.24%	0.24%	Added +423.8k	+423,822 31.9%
77	ACADIA PHARMACEUTICALS INC COM ACAD	ACAD	3,186,389	$49.0m0.24%	0.24%	Added +481.9k	+481,950 17.8%
78	NCINO INC COM NCNO	NCNO	1,503,549	$47.5m0.23%	0.23%	Added +732.4k	+732,441 95.0%
79	CAREDX INC COM CDNA	CDNA	1,503,521	$46.9m0.23%	0.23%	Added +353.9k	+353,919 30.8%
80	PROS HOLDINGS INC COM PRO	PRO	2,522,502	$46.7m0.23%	0.23%	Reduced -396.6k	-396,614 -13.6%
81	MODINE MFG CO COM MOD	MOD	349,562	$46.4m0.22%	0.22%	Reduced -20.3k	-20,278 -5.5%
82	APPFOLIO INC COM CL A APPF	APPF	184,826	$43.5m0.21%	0.21%	Reduced -174.1k	-174,057 -48.5%
83	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	215,919	$42.9m0.21%	0.21%	Reduced -128.0k	-127,990 -37.2%
84	TRANSCAT INC COM TRNS	TRNS	349,167	$42.2m0.20%	0.20%	Reduced -238.2k	-238,192 -40.5%
85	WABTEC COM WAB	WAB	227,453	$41.3m0.20%	0.20%	Reduced -116.0k	-115,952 -33.8%
86	KURA SUSHI USA INC CL A COM KRUS	KRUS	505,600	$40.7m0.20%	0.20%	Added +99.5k	+99,515 24.5%
87	UBER TECHNOLOGIES INC COM UBER	UBER	530,018	$39.8m0.19%	0.19%	Reduced -254.0k	-253,973 -32.4%
88	BIOLIFE SOLUTIONS INC COM NEW BLFS	BLFS	1,577,947	$39.5m0.19%	0.19%	Reduced -1.2k	-1,191 -0.1%
89	ASCENDIS PHARMA A/S SPONSORED ADR SPONSORED ADR		258,210	$38.6m0.19%	0.19%	Reduced -48.9k	-48,863 -15.9%
90	ALTAIR ENGR INC COM CL A ALTR	ALTR	381,760	$36.5m0.18%	0.18%	Reduced -85.7k	-85,709 -18.3%
91	ON HLDG AG NAMEN AKT A ONON	ONON	722,665	$36.2m0.18%	0.18%	Reduced -430.3k	-430,276 -37.3%
92	SAREPTA THERAPEUTICS INC COM SRPT	SRPT	286,879	$35.8m0.17%	0.17%	Reduced -31.4k	-31,373 -9.9%
93	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	178,549	$35.5m0.17%	0.17%	New
94	TWIST BIOSCIENCE CORP COM TWST	TWST	767,149	$34.7m0.17%	0.17%	Added +112.3k	+112,272 17.1%
95	NOVANTA INC COM NOVT	NOVT	188,547	$33.7m0.16%	0.16%	Added +39.3k	+39,308 26.3%
96	FTAI AVIATION LTD SHS FTAI	FTAI	253,585	$33.7m0.16%	0.16%	Added +65.3k	+65,298 34.7%
97	MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD MLTX	MLTX	666,574	$33.6m0.16%	0.16%	Added +7.5k	+7,545 1.1%
98	XOMETRY INC CLASS A COM XMTR	XMTR	1,815,696	$33.4m0.16%	0.16%	Added +313.0k	+312,971 20.8%
99	AAR CORP COM AIR	AIR	508,242	$33.2m0.16%	0.16%	Reduced -5.5k	-5,478 -1.1%
100	INSMED INC COM PAR $.01 INSM	INSM	452,316	$33.0m0.16%	0.16%	Reduced -46.3k	-46,256 -9.3%

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
CITIGROUP INC C	C	766,698	$48.7m766.7k shares
E L F BEAUTY INC ELF	ELF	142,248	$30.0m142.2k shares
ALPHATEC HLDGS INC ATEC	ATEC	2,638,303	$27.6m2.6m shares
EDWARDS LIFESCIENCES CORP EW	EW	296,275	$27.4m296.3k shares
FERGUSON PLC NEW FERG1GBX	FERG1GBX	87,861	$17.0m87.9k shares
IMMUNOVANT INC IMVT	IMVT	607,724	$16.0m607.7k shares
ICON PLC ICLR	ICLR	35,958	$11.3m36.0k shares
DEFINITIVE HEALTHCARE CORP DH	DH	1,777,867	$9.7m1.8m shares
NUTANIX INC NTNX	NTNX	166,074	$9.4m166.1k shares
NEXTERA ENERGY PARTNERS LP XIFR	XIFR	197,240	$5.5m197.2k shares
HEALTHEQUITY INC HQY	HQY	61,469	$5.3m61.5k shares
APOLLO GLOBAL MGMT INC APO	APO	41,597	$4.9m41.6k shares
CHAMPIONX CORPORATION CHX	CHX	145,761	$4.8m145.8k shares
SHIFT4 PMTS INC FOUR	FOUR	65,049	$4.8m65.0k shares
HEXCEL CORP NEW HXL	HXL	57,486	$3.6m57.5k shares
PURE STORAGE INC P	P	54,420	$3.5m54.4k shares
PAYCOM SOFTWARE INC PAYC	PAYC	17,400	$2.5m17.4k shares
DLOCAL LTD DLO	DLO	304,889	$2.5m304.9k shares
PETIQ INC PETQ	PETQ	110,339	$2.4m110.3k shares
AFFILIATED MANAGERS GROUP IN AMG	AMG	14,591	$2.3m14.6k shares
HILLEVAX INC		136,166	$2.0m136.2k shares
CARLYLE GROUP INC CG	CG	44,603	$1.8m44.6k shares
MESA LABS INC MLAB	MLAB	20,570	$1.8m20.6k shares
MEDPACE HLDGS INC MEDP	MEDP	4,103	$1.7m4.1k shares
ACADIA HEALTHCARE COMPANY IN ACHC	ACHC	24,116	$1.6m24.1k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	166	$42.3k166 shares	Reduced