FRED ALGER MANAGEMENT, LLC

NEW YORK, NY · CIK 3520 · 13F filing filed 2026-05-15

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)

$22.8bn reported value -10.7% vs Q4 2025

443positions

56.2%in top 10

64 new 106 added 259 reduced 78 sold out vs Q4 2025

Options: 0 call positions (— notional), 1 put positions ($1.4m 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
Redwood Investments, LLC – reports through this filing
WEATHERBIE CAPITAL, LLC – reports through this filing

Also in the report of:

PERSONAL CFO SOLUTIONS, LLC – $118.8m of shares are in both reports
Keebeck Wealth Management

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

Holdings, Q1 2026

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	16,381,918	$2.9bn12.55%	12.55%	Added +1.1m	+1,081,244 7.1%
2	MICROSOFT CORP COM MSFT	MSFT	4,986,013	$1.8bn8.11%	8.11%	Reduced -7.1k	-7,117 -0.1%
3	AMAZON COM INC COM AMZN	AMZN	7,153,123	$1.5bn6.54%	6.54%	Added +99.7k	+99,682 1.4%
4	APPLE INC COM AAPL	AAPL	4,636,913	$1.2bn5.17%	5.17%	Added +87.6k	+87,611 1.9%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	3,823,140	$1.1bn4.82%	4.82%	Added +306.3k	+306,341 8.7%
6	META PLATFORMS INC CL A META	META	1,779,598	$1.0bn4.47%	4.47%	Reduced -188.1k	-188,117 -9.6%
7	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	9,599,306	$996.0m4.38%	4.38%	Added +1.7m	+1,661,403 20.9%
8	BROADCOM INC COM AVGO	AVGO	2,949,411	$912.9m4.01%	4.01%	Added +73.2k	+73,171 2.5%
9	WESTERN DIGITAL CORP COM WDC	WDC	2,659,835	$719.5m3.16%	3.16%	Reduced -24.5k	-24,506 -0.9%
10	TESLA INC COM TSLA	TSLA	1,825,663	$678.7m2.98%	2.98%	Added +172.6k	+172,589 10.4%
11	APPLOVIN CORP COM CL A APP	APP	1,173,040	$466.9m2.05%	2.05%	Reduced -499.4k	-499,354 -29.9%
12	QXO INC COM NEW QXO	QXO	22,404,712	$435.1m1.91%	1.91%	Added +6.5m	+6,480,775 40.7%
13	TALEN ENERGY CORP COM TLN	TLN	1,185,953	$378.6m1.66%	1.66%	Reduced -618.1k	-618,141 -34.3%
14	NATERA INC COM NTRA	NTRA	1,756,472	$351.3m1.54%	1.54%	Reduced -66.0k	-66,036 -3.6%
15	GE VERNOVA INC COM GEV	GEV	340,739	$297.6m1.31%	1.31%	Reduced -89.1k	-89,119 -20.7%
16	ASTERA LABS INC COM ALAB	ALAB	2,573,005	$282.0m1.24%	1.24%	Added +638.3k	+638,317 33.0%
17	SEA LTD SPONSORD ADS SE	SE	3,370,698	$279.1m1.23%	1.23%	Added +603.5k	+603,525 21.8%
18	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	6,017,527	$251.1m1.10%	1.10%	Added +994.5k	+994,511 19.8%
19	ARROWHEAD PHARMACEUTICALS IN COM ARWR	ARWR	3,342,493	$209.6m0.92%	0.92%	Added +1.5m	+1,509,496 82.3%
20	HEICO CORP NEW CL A HEI.A	HEI.A	961,365	$202.9m0.89%	0.89%	Added +68.6k	+68,600 7.7%
21	NETFLIX INC COM NFLX	NFLX	2,032,997	$195.5m0.86%	0.86%	Reduced -719.1k	-719,070 -26.1%
22	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	386,739	$178.3m0.78%	0.78%	Added +35.8k	+35,767 10.2%
23	MERCADOLIBRE INC COM MELI	MELI	94,718	$163.8m0.72%	0.72%	Added +8.1k	+8,084 9.3%
24	ASTRAZENECA PLC ORD AZN	AZN	768,754	$151.4m0.66%	0.66%	New
25	ROKU INC COM CL A ROKU	ROKU	1,591,123	$150.6m0.66%	0.66%	Added +169.7k	+169,683 11.9%
26	ROCKET COS INC COM CL A RKT	RKT	10,189,429	$145.2m0.64%	0.64%	Reduced -1.5k	-1,489 -0.0%
27	BIOGEN INC COM BIIB	BIIB	733,194	$134.4m0.59%	0.59%	Reduced -65.6k	-65,580 -8.2%
28	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	3,838,851	$130.3m0.57%	0.57%	Added +2.2m	+2,188,858 132.7%
29	VERTIV HOLDINGS CO COM CL A VRT	VRT	472,924	$118.5m0.52%	0.52%	Reduced -105.8k	-105,792 -18.3%
30	CLOUDFLARE INC CL A COM NET	NET	538,062	$111.0m0.49%	0.49%	Added +99.5k	+99,537 22.7%
31	CARDINAL HEALTH INC COM CAH	CAH	522,453	$110.4m0.48%	0.48%	Added +117.8k	+117,774 29.1%
32	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	930,697	$110.4m0.48%	0.48%	Added +342.7k	+342,669 58.3%
33	ELI LILLY & CO COM LLY	LLY	118,770	$109.2m0.48%	0.48%	Added +18.2k	+18,170 18.1%
34	MONGODB INC CL A MDB	MDB	438,613	$107.4m0.47%	0.47%	Reduced -123.0k	-123,001 -21.9%
35	WELLTOWER INC COM WELL	WELL	533,533	$105.5m0.46%	0.46%	Added +474.1k	+474,114 797.9%
36	DIANTHUS THERAPEUTICS INC COM DNTH	DNTH	1,161,923	$97.5m0.43%	0.43%	Added +1.1m	+1,128,463 3372.6%
37	RBC BEARINGS INC COM RBC	RBC	179,134	$97.3m0.43%	0.43%	Added +5.3k	+5,281 3.0%
38	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	651,134	$95.2m0.42%	0.42%	Added +577.9k	+577,876 788.8%
39	DUPONT DE NEMOURS INC COM DWDP	DWDP	2,024,564	$92.7m0.41%	0.41%	Reduced -365.2k	-365,185 -15.3%
40	BOSTON SCIENTIFIC CORP COM BSX	BSX	1,454,619	$91.3m0.40%	0.40%	Added +357.9k	+357,944 32.6%
41	ARISTA NETWORKS INC COM SHS ANET	ANET	682,773	$83.8m0.37%	0.37%	New
42	JOHNSON & JOHNSON COM JNJ	JNJ	334,592	$81.8m0.36%	0.36%	Added +269.8k	+269,777 416.2%
43	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	1,114,474	$77.2m0.34%	0.34%	Added +167.9k	+167,934 17.7%
44	NRG ENERGY INC COM NEW NRG	NRG	497,083	$72.6m0.32%	0.32%	Added +470.7k	+470,692 1783.5%
45	ASCENDIS PHARMA A/S SPONSORED ADR SPONSORED ADR		304,896	$69.7m0.31%	0.31%	Reduced -47.2k	-47,213 -13.4%
46	ALPHABET INC CAP STK CL A GOOGL	GOOGL	231,491	$66.6m0.29%	0.29%	Reduced -11.6k	-11,596 -4.8%
47	TUTOR PERINI CORP COM TPC	TPC	809,737	$62.5m0.27%	0.27%	Reduced -296.1k	-296,111 -26.8%
48	CONSTELLATION ENERGY CORP COM CEG	CEG	211,998	$59.2m0.26%	0.26%	Reduced -297.1k	-297,064 -58.4%
49	FTAI AVIATION LTD SHS FTAI	FTAI	239,933	$58.8m0.26%	0.26%	Reduced -136.8k	-136,760 -36.3%
50	GUARDANT HEALTH INC COM GH	GH	622,259	$57.5m0.25%	0.25%	Added +32.6k	+32,603 5.5%
51	HEICO CORP NEW COM HEI	HEI	198,049	$54.3m0.24%	0.24%	Added +3.0k	+3,017 1.6%
52	SHARKNINJA INC COM SHS SN	SN	509,518	$54.0m0.24%	0.24%	Added +472.2k	+472,223 1266.2%
53	REPLIGEN CORP COM RGEN	RGEN	434,774	$51.2m0.23%	0.23%	Reduced -476.8k	-476,753 -52.3%
54	FIRSTSERVICE CORP NEW COM FSV	FSV	366,514	$50.9m0.22%	0.22%	Reduced -78.2k	-78,192 -17.6%
55	EQUIPMENTSHARE COM INC COM CL A EQPT	EQPT	2,466,238	$50.2m0.22%	0.22%	New
56	CATERPILLAR INC COM CAT	CAT	70,030	$49.6m0.22%	0.22%	Reduced -10.9k	-10,942 -13.5%
57	VSE CORP COM VSEC	VSEC	264,254	$48.7m0.21%	0.21%	Reduced -104.1k	-104,059 -28.2%
58	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	99,688	$48.3m0.21%	0.21%	Reduced -363.9k	-363,924 -78.5%
59	UNITEDHEALTH GROUP INC COM UNH	UNH	177,706	$48.1m0.21%	0.21%	Added +36.9k	+36,916 26.2%
60	COGENT BIOSCIENCES INC COM COGT	COGT	1,239,700	$47.7m0.21%	0.21%	Added +137.5k	+137,519 12.5%
61	KLA CORP COM NEW KLAC	KLAC	32,286	$47.5m0.21%	0.21%	Reduced -1.2k	-1,156 -3.5%
62	ARTIVION INC COM AORT	AORT	1,208,371	$44.3m0.19%	0.19%	Reduced -164.2k	-164,201 -12.0%
63	VISA INC COM CL A V	V	140,171	$42.4m0.19%	0.19%	Reduced -114.4k	-114,374 -44.9%
64	CASELLA WASTE SYS INC CL A CWST	CWST	526,659	$41.8m0.18%	0.18%	Added +78.2k	+78,244 17.4%
65	VEEVA SYS INC CL A COM VEEV	VEEV	222,421	$39.1m0.17%	0.17%	New
66	MERCK & CO INC COM MRK	MRK	321,001	$38.7m0.17%	0.17%	Added +276.8k	+276,750 625.4%
67	MAGNOLIA OIL & GAS CORP CL A MGY	MGY	1,195,380	$37.7m0.17%	0.17%	Added +1.0m	+1,023,154 594.1%
68	STERLING INFRASTRUCTURE INC COM STRL	STRL	92,268	$37.6m0.17%	0.17%	Reduced -16.9k	-16,932 -15.5%
69	MICRON TECHNOLOGY INC COM MU	MU	110,873	$37.5m0.16%	0.16%	Added +95.7k	+95,700 630.7%
70	LEGENCE CORP CL A LGN	LGN	661,335	$37.3m0.16%	0.16%	Added +171.0k	+171,024 34.9%
71	JPMORGAN CHASE & CO COM JPM	JPM	121,944	$35.9m0.16%	0.16%	Reduced -11.9k	-11,869 -8.9%
72	CARVANA CO CL A CVNA	CVNA	113,480	$35.7m0.16%	0.16%	Reduced -56.0k	-56,000 -33.0%
73	AAR CORP COM AIR	AIR	323,111	$35.4m0.16%	0.16%	Reduced -286.3k	-286,280 -47.0%
74	WALMART INC COM WMT	WMT	280,511	$34.9m0.15%	0.15%	Added +82.3k	+82,332 41.5%
75	KARMAN HLDGS INC COMMON STOCK KRMN	KRMN	436,201	$34.9m0.15%	0.15%	Added +282.5k	+282,470 183.7%
76	LOAR HOLDINGS INC COM SHS LOAR	LOAR	580,880	$33.3m0.15%	0.15%	Reduced -47.1k	-47,132 -7.5%
77	IRHYTHM TECHNOLOGIES INC COM IRTC	IRTC	280,040	$33.1m0.15%	0.15%	Reduced -30.5k	-30,542 -9.8%
78	FORTE BIOSCIENCES INC COM NEW FBRX	FBRX	1,273,965	$33.0m0.14%	0.14%	Reduced -187.0k	-187,006 -12.8%
79	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	112,733	$31.3m0.14%	0.14%	Added +45.9k	+45,863 68.6%
80	MARTIN MARIETTA MATLS INC COM MLM	MLM	52,273	$30.8m0.14%	0.14%	Reduced -110.0k	-110,037 -67.8%
81	S&P GLOBAL INC COM SPGI	SPGI	72,308	$30.8m0.14%	0.14%	Reduced -182.6k	-182,562 -71.6%
82	TKO GROUP HOLDINGS INC CL A TKO	TKO	148,506	$29.9m0.13%	0.13%	Reduced -13.2k	-13,247 -8.2%
83	DIGITALOCEAN HLDGS INC COM DOCN	DOCN	344,756	$29.6m0.13%	0.13%	New
84	STRIDE INC COM LRN	LRN	325,825	$28.7m0.13%	0.13%	New
85	ADAPTIVE BIOTECHNOLOGIES COR COM ADPT	ADPT	2,063,146	$28.6m0.13%	0.13%	Reduced -182.3k	-182,272 -8.1%
86	ACADIA PHARMACEUTICALS INC COM ACAD	ACAD	1,277,151	$28.4m0.12%	0.12%	Reduced -282.8k	-282,811 -18.1%
87	COMFORT SYS USA INC COM FIX	FIX	20,564	$28.4m0.12%	0.12%	Reduced -6.7k	-6,664 -24.5%
88	CARDINAL INFRASTRUCTURE GROU CL A CDNL	CDNL	686,585	$27.2m0.12%	0.12%	Added +441.8k	+441,754 180.4%
89	HOWMET AEROSPACE INC COM HWM	HWM	115,753	$26.7m0.12%	0.12%	Added +11.1k	+11,077 10.6%
90	SEMTECH CORP COM SMTC	SMTC	335,608	$25.8m0.11%	0.11%	Reduced -524.2k	-524,247 -61.0%
91	MODINE MFG CO COM MOD	MOD	118,894	$25.8m0.11%	0.11%	Reduced -39.4k	-39,440 -24.9%
92	ROIVANT SCIENCES LTD SHS ROIV	ROIV	925,186	$25.6m0.11%	0.11%	Added +813.3k	+813,314 727.0%
93	SPX TECHNOLOGIES INC COM SPXC	SPXC	126,389	$25.3m0.11%	0.11%	Reduced -5.6k	-5,565 -4.2%
94	XOMETRY INC CLASS A COM XMTR	XMTR	603,280	$24.6m0.11%	0.11%	Added +22.5k	+22,546 3.9%
95	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	62,559	$24.5m0.11%	0.11%	Added +10.2k	+10,209 19.5%
96	PLANET FITNESS INC CL A PLNT	PLNT	328,859	$24.5m0.11%	0.11%	Reduced -147.5k	-147,523 -31.0%
97	MORGAN STANLEY COM NEW MS	MS	148,604	$24.5m0.11%	0.11%	Reduced -29.9k	-29,899 -16.8%
98	STEPSTONE GROUP INC COM CL A STEP	STEP	512,242	$24.4m0.11%	0.11%	Reduced -393.8k	-393,830 -43.5%
99	MP MATERIALS CORP COM CL A MP	MP	498,037	$24.0m0.11%	0.11%	Added +210.9k	+210,937 73.5%
100	TWILIO INC CL A TWLO	TWLO	190,741	$24.0m0.11%	0.11%	Reduced -181.7k	-181,740 -48.8%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
ASTRAZENECA PLC		659,360	$121.2m659.4k shares
BUILDERS FIRSTSOURCE INC BLDR	BLDR	375,723	$38.7m375.7k shares
CIDARA THERAPEUTICS INC CDTX	CDTX	164,575	$36.4m164.6k shares
SNOWFLAKE INC SNOW	SNOW	105,532	$23.1m105.5k shares
ALIBABA GROUP HLDG LTD BABA	BABA	134,569	$19.7m134.6k shares
STEVANATO GROUP S P A STVN	STVN	834,043	$16.8m834.0k shares
PIPER SANDLER COMPANIES PJC	PJC	194,688	$16.5m194.7k shares
GLOBAL E ONLINE LTD GLBE	GLBE	381,119	$15.0m381.1k shares
COMPASS INC COMP	COMP	1,270,563	$13.4m1.3m shares
UNITED AIRLS HLDGS INC UAL	UAL	98,634	$11.0m98.6k shares
KEYSIGHT TECHNOLOGIES INC KEYS	KEYS	43,319	$8.8m43.3k shares
FAIR ISAAC CORP FICO	FICO	4,793	$8.1m4.8k shares
COSTAR GROUP INC CSGP	CSGP	112,357	$7.6m112.4k shares
ACCELERANT HOLDINGS ARX	ARX	439,698	$7.2m439.7k shares
CLEARWATER ANALYTICS HLDGS I		260,908	$6.3m260.9k shares
PAYLOCITY HLDG CORP PCTY	PCTY	33,714	$5.1m33.7k shares
PROCORE TECHNOLOGIES INC PCOR	PCOR	64,445	$4.7m64.4k shares
WAYFAIR INC W	W	45,619	$4.6m45.6k shares
LAUDER ESTEE COS INC EL	EL	38,681	$4.1m38.7k shares
GENMAB A/S GMAB	GMAB	130,470	$4.0m130.5k shares
DOORDASH INC DASH	DASH	17,510	$4.0m17.5k shares
INSULET CORP PODD	PODD	11,077	$3.1m11.1k shares
EXPAND ENERGY CORPORATION EXE	EXE	26,538	$2.9m26.5k shares
CVS HEALTH CORP CVS	CVS	35,203	$2.8m35.2k shares
BLACKBAUD INC BLKB	BLKB	37,053	$2.3m37.1k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
N/A Put		Put	44,800	$1.4m44.8k shares	New