FRED ALGER MANAGEMENT, LLC

NEW YORK, NY · CIK 3520 · 13F filing filed 2026-02-17

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)

$25.5bn reported value -0.8% vs Q3 2025

457positions

55.2%in top 10

75 new 123 added 250 reduced 63 sold out vs Q3 2025

Options: 0 call positions (— notional), 3 put positions ($1.1m notional) – listed below, not included above.

This report includes the holdings of 3 other managers that share the investment decisions:

ALPS ADVISORS INC – files its own report too; $10.5m of shares are in both
Redwood Investments, LLC – reports through this filing
WEATHERBIE CAPITAL, LLC – reports through this filing

Also in the report of:

PERSONAL CFO SOLUTIONS, LLC – $133.8m of shares are in both reports
Keebeck Wealth Management

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

Holdings, Q4 2025

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	NVIDIA CORPORATION COM NVDA	NVDA	15,300,674	$2.9bn11.19%	11.19%	Added +444.9k	+444,874 3.0%
2	MICROSOFT CORP COM MSFT	MSFT	4,993,130	$2.4bn9.47%	9.47%	Added +283.3k	+283,330 6.0%
3	AMAZON COM INC COM AMZN	AMZN	7,053,441	$1.6bn6.39%	6.39%	Added +571.8k	+571,808 8.8%
4	META PLATFORMS INC CL A META	META	1,967,715	$1.3bn5.09%	5.09%	Reduced -43.1k	-43,057 -2.1%
5	APPLE INC COM AAPL	AAPL	4,549,302	$1.2bn4.85%	4.85%	Added +436.6k	+436,583 10.6%
6	APPLOVIN CORP COM CL A APP	APP	1,672,394	$1.1bn4.42%	4.42%	Reduced -219.5k	-219,548 -11.6%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	3,516,799	$1.1bn4.33%	4.33%	Added +487.0k	+486,988 16.1%
8	BROADCOM INC COM AVGO	AVGO	2,876,240	$995.5m3.90%	3.90%	Added +194.6k	+194,602 7.3%
9	TESLA INC COM TSLA	TSLA	1,653,074	$743.4m2.92%	2.92%	Added +180.4k	+180,405 12.2%
10	TALEN ENERGY CORP COM TLN	TLN	1,804,094	$676.2m2.65%	2.65%	Added +140.3k	+140,345 8.4%
11	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	7,937,903	$664.4m2.61%	2.61%	Reduced -2.2m	-2,194,376 -21.7%
12	WESTERN DIGITAL CORP COM WDC	WDC	2,684,341	$462.4m1.81%	1.81%	Reduced -722.7k	-722,701 -21.2%
13	NATERA INC COM NTRA	NTRA	1,822,508	$417.5m1.64%	1.64%	Reduced -629.3k	-629,271 -25.7%
14	SEA LTD SPONSORD ADS SE	SE	2,767,173	$353.0m1.38%	1.38%	Reduced -119.3k	-119,268 -4.1%
15	ASTERA LABS INC COM ALAB	ALAB	1,934,688	$321.9m1.26%	1.26%	Added +393.2k	+393,250 25.5%
16	QXO INC COM NEW QXO	QXO	15,923,937	$307.2m1.20%	1.20%	Added +6.8m	+6,844,574 75.4%
17	GE VERNOVA INC COM GEV	GEV	429,858	$280.9m1.10%	1.10%	Added +403.9k	+403,875 1554.4%
18	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	463,612	$269.2m1.06%	1.06%	Reduced -36.6k	-36,589 -7.3%
19	NETFLIX INC COM NFLX	NFLX	2,752,067	$258.0m1.01%	1.01%	Reduced -738.1k	-738,073 -21.1%
20	MONGODB INC CL A MDB	MDB	561,614	$235.7m0.92%	0.92%	Added +38.2k	+38,225 7.3%
21	HEICO CORP NEW CL A HEI.A	HEI.A	892,765	$225.4m0.88%	0.88%	Reduced -15.9k	-15,876 -1.8%
22	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	5,023,016	$215.7m0.85%	0.85%	Reduced -605.7k	-605,728 -10.8%
23	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	350,972	$198.8m0.78%	0.78%	Added +81.1k	+81,062 30.0%
24	ROCKET COS INC COM CL A RKT	RKT	10,190,918	$197.3m0.77%	0.77%	Added +4.1m	+4,112,118 67.7%
25	CONSTELLATION ENERGY CORP COM CEG	CEG	509,062	$179.8m0.71%	0.71%	Reduced -18.6k	-18,610 -3.5%
26	MERCADOLIBRE INC COM MELI	MELI	86,634	$174.5m0.68%	0.68%	Added +20.4k	+20,413 30.8%
27	ROKU INC COM CL A ROKU	ROKU	1,421,440	$154.2m0.60%	0.60%	Added +1.4m	+1,401,664 7087.7%
28	VISTRA CORP COM VST	VST	949,840	$153.2m0.60%	0.60%	Reduced -444.8k	-444,767 -31.9%
29	REPLIGEN CORP COM RGEN	RGEN	911,527	$149.4m0.59%	0.59%	Added +553.1k	+553,105 154.3%
30	BIOGEN INC COM BIIB	BIIB	798,774	$140.6m0.55%	0.55%	Added +796.7k	+796,735 39074.8%
31	S&P GLOBAL INC COM SPGI	SPGI	254,870	$133.2m0.52%	0.52%	Reduced -17.0k	-17,040 -6.3%
32	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	1,269,193	$125.0m0.49%	0.49%	Added +80.4k	+80,378 6.8%
33	ARROWHEAD PHARMACEUTICALS IN COM ARWR	ARWR	1,832,997	$121.7m0.48%	0.48%	Added +1.5m	+1,526,164 497.4%
34	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		1,318,719	$121.2m0.48%	0.48%	Added +1.3m	+1,263,721 2297.8%
35	ELI LILLY & CO COM LLY	LLY	100,600	$108.1m0.42%	0.42%	Added +4.8k	+4,813 5.0%
36	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	946,540	$107.1m0.42%	0.42%	Reduced -1.2m	-1,161,184 -55.1%
37	BOSTON SCIENTIFIC CORP COM BSX	BSX	1,096,675	$104.6m0.41%	0.41%	Added +110.7k	+110,728 11.2%
38	MARTIN MARIETTA MATLS INC COM MLM	MLM	162,310	$101.1m0.40%	0.40%	Reduced -11.8k	-11,771 -6.8%
39	DUPONT DE NEMOURS INC COM DWDP	DWDP	2,389,749	$96.1m0.38%	0.38%	New
40	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	588,028	$94.7m0.37%	0.37%	Added +297.7k	+297,709 102.5%
41	VERTIV HOLDINGS CO COM CL A VRT	VRT	578,716	$93.8m0.37%	0.37%	Reduced -1.4m	-1,379,008 -70.4%
42	VISA INC COM CL A V	V	254,545	$89.3m0.35%	0.35%	Reduced -216.3k	-216,281 -45.9%
43	CLOUDFLARE INC CL A COM NET	NET	438,525	$86.5m0.34%	0.34%	Added +1.9k	+1,890 0.4%
44	CARDINAL HEALTH INC COM CAH	CAH	404,679	$83.2m0.33%	0.33%	Reduced -68.0k	-67,973 -14.4%
45	RBC BEARINGS INC COM RBC	RBC	173,853	$78.0m0.31%	0.31%	Reduced -1.7k	-1,747 -1.0%
46	ALPHABET INC CAP STK CL A GOOGL	GOOGL	243,087	$76.1m0.30%	0.30%	Added +17.8k	+17,822 7.9%
47	ASCENDIS PHARMA A/S SPONSORED ADR SPONSORED ADR		352,109	$75.1m0.29%	0.29%	Added +181.4k	+181,408 106.3%
48	FTAI AVIATION LTD SHS FTAI	FTAI	376,693	$74.2m0.29%	0.29%	Added +49.4k	+49,441 15.1%
49	TUTOR PERINI CORP COM TPC	TPC	1,105,848	$74.1m0.29%	0.29%	Added +353.7k	+353,744 47.0%
50	CARVANA CO CL A CVNA	CVNA	169,480	$71.5m0.28%	0.28%	Reduced -15.3k	-15,301 -8.3%
51	FIRSTSERVICE CORP NEW COM FSV	FSV	444,706	$69.2m0.27%	0.27%	Added +13.0k	+13,047 3.0%
52	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	1,649,993	$67.4m0.26%	0.26%	New
53	VSE CORP COM VSEC	VSEC	368,313	$63.6m0.25%	0.25%	Reduced -26.2k	-26,186 -6.6%
54	SEMTECH CORP COM SMTC	SMTC	859,855	$63.4m0.25%	0.25%	Added +92.4k	+92,396 12.0%
55	HEICO CORP NEW COM HEI	HEI	195,032	$63.1m0.25%	0.25%	Reduced -16.2k	-16,188 -7.7%
56	ARTIVION INC COM AORT	AORT	1,372,572	$62.6m0.25%	0.25%	Added +55.3k	+55,322 4.2%
57	GUARDANT HEALTH INC COM GH	GH	589,656	$60.2m0.24%	0.24%	Reduced -48.8k	-48,831 -7.7%
58	SOMNIGROUP INTERNATIONAL INC COM SGI	SGI	663,524	$59.2m0.23%	0.23%	Reduced -138.1k	-138,050 -17.2%
59	UNITY SOFTWARE INC COM U	U	1,330,976	$58.8m0.23%	0.23%	Added +1.3m	+1,323,589 17917.8%
60	WINGSTOP INC COM WING	WING	245,536	$58.6m0.23%	0.23%	Added +26.2k	+26,220 12.0%
61	STEPSTONE GROUP INC COM CL A STEP	STEP	906,072	$58.1m0.23%	0.23%	Added +45.7k	+45,667 5.3%
62	IRHYTHM TECHNOLOGIES INC COM IRTC	IRTC	310,582	$55.1m0.22%	0.22%	Reduced -9.5k	-9,517 -3.0%
63	TWILIO INC CL A TWLO	TWLO	372,481	$53.0m0.21%	0.21%	Reduced -70.5k	-70,511 -15.9%
64	PLANET FITNESS INC CL A PLNT	PLNT	476,382	$51.7m0.20%	0.20%	Reduced -26.7k	-26,719 -5.3%
65	AAR CORP COM AIR	AIR	609,391	$50.5m0.20%	0.20%	Reduced -85.0k	-85,011 -12.2%
66	UNITEDHEALTH GROUP INC COM UNH	UNH	140,790	$46.5m0.18%	0.18%	Added +126.9k	+126,900 913.6%
67	CATERPILLAR INC COM CAT	CAT	80,972	$46.4m0.18%	0.18%	Reduced -19.2k	-19,209 -19.2%
68	UPSTART HLDGS INC COM UPST	UPST	1,006,130	$44.0m0.17%	0.17%	Reduced -121.4k	-121,438 -10.8%
69	CASELLA WASTE SYS INC CL A CWST	CWST	448,415	$43.9m0.17%	0.17%	Reduced -113.4k	-113,435 -20.2%
70	JPMORGAN CHASE & CO COM JPM	JPM	133,813	$43.1m0.17%	0.17%	Added +603	+603 0.5%
71	LOAR HOLDINGS INC COM SHS LOAR	LOAR	628,012	$42.7m0.17%	0.17%	Reduced -39.9k	-39,881 -6.0%
72	ACADIA PHARMACEUTICALS INC COM ACAD	ACAD	1,559,962	$41.7m0.16%	0.16%	Reduced -7.1k	-7,073 -0.5%
73	KLA CORP COM NEW KLAC	KLAC	33,442	$40.6m0.16%	0.16%	Reduced -59	-59 -0.2%
74	FORTE BIOSCIENCES INC COM NEW FBRX	FBRX	1,460,971	$39.8m0.16%	0.16%	Reduced -175.1k	-175,059 -10.7%
75	COGENT BIOSCIENCES INC COM COGT	COGT	1,102,181	$39.1m0.15%	0.15%	New
76	RADNET INC COM RDNT	RDNT	547,850	$39.1m0.15%	0.15%	Added +57.6k	+57,583 11.8%
77	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	375,723	$38.7m0.15%	0.15%	Added +269.2k	+269,239 252.8%
78	NCINO INC COM NCNO	NCNO	1,486,337	$38.1m0.15%	0.15%	Added +490.6k	+490,644 49.3%
79	GLAUKOS CORP COM GKOS	GKOS	325,540	$36.8m0.14%	0.14%	Added +8.7k	+8,736 2.8%
80	ADAPTIVE BIOTECHNOLOGIES COR COM ADPT	ADPT	2,245,418	$36.5m0.14%	0.14%	Reduced -268.8k	-268,816 -10.7%
81	PROGYNY INC COM PGNY	PGNY	1,416,816	$36.4m0.14%	0.14%	Reduced -289.8k	-289,830 -17.0%
82	CIDARA THERAPEUTICS INC COM NEW CDTX	CDTX	164,575	$36.4m0.14%	0.14%	Reduced -338.3k	-338,302 -67.3%
83	HAMILTON LANE INC CL A HLNE	HLNE	261,525	$35.2m0.14%	0.14%	Added +60.0k	+59,976 29.8%
84	AGILYSYS INC COM AGYS	AGYS	295,053	$35.1m0.14%	0.14%	Reduced -54.3k	-54,259 -15.5%
85	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	173,068	$34.8m0.14%	0.14%	Reduced -11.5k	-11,487 -6.2%
86	GENEDX HOLDINGS CORP COM CL A WGS	WGS	266,636	$34.7m0.14%	0.14%	Reduced -90.7k	-90,666 -25.4%
87	XOMETRY INC CLASS A COM XMTR	XMTR	580,734	$34.5m0.14%	0.14%	Reduced -134.7k	-134,716 -18.8%
88	TKO GROUP HOLDINGS INC CL A TKO	TKO	161,753	$33.8m0.13%	0.13%	Reduced -103.5k	-103,488 -39.0%
89	STERLING INFRASTRUCTURE INC COM STRL	STRL	109,200	$33.4m0.13%	0.13%	Added +19.4k	+19,399 21.6%
90	SPHERE ENTERTAINMENT CO CL A SPHR	SPHR	350,846	$33.4m0.13%	0.13%	Added +276.2k	+276,231 370.2%
91	MORGAN STANLEY COM NEW MS	MS	178,503	$31.7m0.12%	0.12%	Added +7.8k	+7,819 4.6%
92	SITEONE LANDSCAPE SUPPLY INC COM SITE	SITE	252,268	$31.4m0.12%	0.12%	Reduced -105.6k	-105,625 -29.5%
93	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	274,210	$30.1m0.12%	0.12%	Added +28.3k	+28,277 11.5%
94	TENET HEALTHCARE CORP COM NEW THC	THC	148,117	$29.4m0.12%	0.12%	Added +50.5k	+50,511 51.8%
95	VERACYTE INC COM VCYT	VCYT	633,894	$26.7m0.10%	0.10%	Reduced -133.6k	-133,585 -17.4%
96	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	1,068,555	$26.5m0.10%	0.10%	Reduced -81.1k	-81,141 -7.1%
97	SPX TECHNOLOGIES INC COM SPXC	SPXC	131,954	$26.4m0.10%	0.10%	Reduced -6.2k	-6,241 -4.5%
98	BIOLIFE SOLUTIONS INC COM NEW BLFS	BLFS	1,083,838	$26.2m0.10%	0.10%	Reduced -25.1k	-25,084 -2.3%
99	GALAXY DIGITAL INC. CL A GLXY	GLXY	1,165,251	$26.1m0.10%	0.10%	Added +991.9k	+991,867 572.1%
100	ABBVIE INC COM ABBV	ABBV	113,826	$26.0m0.10%	0.10%	Added +3.3k	+3,265 3.0%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
COREWEAVE INC CRWV	CRWV	188,974	$25.9m189.0k shares
DELTA AIR LINES INC DEL DAL	DAL	439,286	$24.9m439.3k shares
TRANSCAT INC TRNS	TRNS	315,207	$23.1m315.2k shares
BAIDU INC BIDU	BIDU	146,886	$19.4m146.9k shares
DRAFTKINGS INC NEW DKNG	DKNG	317,948	$11.9m317.9k shares
JAMES HARDIE INDS PLC JHX	JHX	386,579	$7.4m386.6k shares
AKERO THERAPEUTICS INC AKRO	AKRO	142,247	$6.8m142.2k shares
TAPESTRY INC TPR	TPR	56,664	$6.4m56.7k shares
THE ALGER ETF TRUST FRTY	FRTY	284,990	$6.4m285.0k shares
REZOLUTE INC RZLT	RZLT	557,411	$5.2m557.4k shares
TOTALENERGIES SE		80,239	$4.9m80.2k shares
VEEVA SYS INC VEEV	VEEV	15,011	$4.5m15.0k shares
SHIFT4 PMTS INC FOUR	FOUR	55,776	$4.3m55.8k shares
ACI WORLDWIDE INC ACIW	ACIW	73,651	$3.9m73.7k shares
SUPER MICRO COMPUTER INC SMCI	SMCI	77,716	$3.7m77.7k shares
CHEESECAKE FACTORY INC CAKE	CAKE	66,237	$3.6m66.2k shares
COINBASE GLOBAL INC COIN	COIN	8,795	$3.0m8.8k shares
TIC SOLUTIONS INC TIC	TIC	218,000	$2.9m218.0k shares
ATAI LIFE SCIENCES NV ATAI	ATAI	488,855	$2.6m488.9k shares
CYBERARK SOFTWARE LTD CYBR	CYBR	5,335	$2.6m5.3k shares
STARBUCKS CORP SBUX	SBUX	28,475	$2.4m28.5k shares
KODIAK SCIENCES INC KOD	KOD	138,303	$2.3m138.3k shares
AMYLYX PHARMACEUTICALS INC AMLX	AMLX	164,042	$2.2m164.0k shares
INDIE SEMICONDUCTOR INC INDI	INDI	519,153	$2.1m519.2k shares
TANGO THERAPEUTICS INC TNGX	TNGX	230,316	$1.9m230.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	39,000	$448.9k39.0k shares	New
TRUMP MEDIA & TECHNOLOGY GRO DJT · Put	DJT	Put	18,500	$325.6k18.5k shares	Reduced
SPX TECHNOLOGIES INC SPXC · Put	SPXC	Put	4,000	$298.9k4.0k shares	New