Fred Alger Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Fred Alger Management, LLC reported 416 stock positions worth $17.6 billion. Its top holding was Microsoft (MSFT) at 9.7% of the portfolio, followed by Nvidia (NVDA, 8.9%) and Amazon.com (AMZN, 6.9%). Compared with Q4 2024, it opened 75 new positions, sold out of 64, added to 146 and reduced 173. The biggest buy was Sea Ltd.-ADR (SE, shares +145%) and the biggest sale Broadcom (AVGO, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000003520
- Portfolio Value
- $17.6B (Q1 2025)
- SEC Filing
- 0000950123-25-005777 ↗ filed May 16, 2025
Holdings Value
Holdings 416 stocks · $17.6B
| MSFT Microsoft Corp. | 9.69% | 4,530,409 | $1.7B | Reduce -3.0% |
| NVDA Nvidia Corp. | 8.87% | 14,370,033 | $1.6B | Reduce -3.4% |
| AMZN Amazon.com Inc. | 6.89% | 6,354,668 | $1.2B | Reduce -2.5% |
| META Meta Platforms Inc. Class A | 6.10% | 1,859,094 | $1.1B | Reduce -0.3% |
| AAPL Apple Inc. | 5.05% | 3,993,658 | $887.1M | Reduce -11.0% |
| APP AppLovin Corp. Class A | 4.28% | 2,833,792 | $750.9M | Add +12.0% |
| GFL GFL Environmental Inc.-Sub VT | 2.60% | 9,455,847 | $456.8M | Reduce -9.2% |
| NFLX Netflix Inc. | 2.57% | 484,409 | $451.7M | Add +5.8% |
| AVGO Broadcom Inc. | 2.34% | 2,457,742 | $411.5M | Reduce -13.9% |
| NTRA Natera Inc. | 2.10% | 2,604,160 | $368.3M | Reduce -13.7% |
| SE Sea Ltd.-ADR | 1.92% | 2,585,179 | $337.3M | Add +144.6% |
| V Visa Inc. Class A | 1.87% | 935,750 | $327.9M | Reduce -10.7% |
| TSLA Tesla Inc. | 1.76% | 1,195,545 | $309.8M | Add +1.4% |
| TLN Talen Energy Corp. | 1.70% | 1,492,145 | $297.9M | Add +56.3% |
| GOOG Alphabet Inc. Class C | 1.59% | 1,782,785 | $278.5M | Reduce -9.5% |
| VRT Vertiv Holdings Co. Class A | 1.44% | 3,496,060 | $252.4M | Add +19.6% |
| HEI.A Heico Corp. Class A | 1.14% | 945,954 | $199.6M | Add +1.3% |
| SPOT Spotify Technology SA | 1.12% | 358,284 | $197.1M | Reduce -15.6% |
| MELI MercadoLibre Inc. | 0.96% | 86,366 | $168.5M | Reduce -6.4% |
| LLY Eli Lilly & Co. | 0.95% | 203,029 | $167.7M | Add +17.9% |
| ISRG Intuitive Surgical Inc. | 0.94% | 332,883 | $164.9M | Reduce -5.0% |
| SPGI S&P Global Inc. | 0.93% | 321,528 | $163.4M | Reduce -20.3% |
| HOOD Robinhood Markets Inc. Class A | 0.87% | 3,680,960 | $153.2M | Add +164.0% |
| FWONK Liberty Media Corp. Class C | 0.70% | 1,359,443 | $122.4M | Reduce -10.8% |
| VST Vistra Corp. | 0.65% | 973,339 | $114.3M | Add +102.5% |
| CDNS Cadence Design SYS Inc. | 0.62% | 428,420 | $109.0M | Add +0.2% |
| NRG NRG Energy Inc. | 0.61% | 1,124,529 | $107.3M | Add +39.1% |
| BSX Boston Scientific Corp. | 0.56% | 975,603 | $98.4M | Reduce -28.9% |
| FSV Firstservice Corp. | 0.54% | 574,500 | $95.5M | Reduce -6.6% |
| HLNE Hamilton Lane Inc. Class A | 0.53% | 624,844 | $93.2M | Add +2.2% |
| ALAB Astera Labs Inc. | 0.53% | 1,560,033 | $93.1M | Add +13.0% |
| ABBV Abbvie Inc. | 0.51% | 423,540 | $88.7M | Add +394.5% |
| CWST Casella Waste Systems Inc. Class A | 0.50% | 793,585 | $88.5M | Reduce -2.4% |
| NET Cloudflare Inc. Class A | 0.49% | 765,857 | $86.3M | Reduce -18.0% |
| STEP Stepstone Group Inc. Class A | 0.46% | 1,555,936 | $81.3M | Reduce -3.9% |
| UPST Upstart Holdings Inc. | 0.46% | 1,764,136 | $81.2M | Reduce -7.9% |
| TDG Transdigm Group Inc. | 0.39% | 49,837 | $68.9M | Reduce -54.2% |
| PINS Pinterest Inc. Class A | 0.39% | 2,197,335 | $68.1M | Reduce -3.8% |
| NBIS Nebius Group NV | 0.38% | 3,194,250 | $67.4M | Reduce -42.9% |
| RBC RBC Bearings Inc. | 0.38% | 206,341 | $66.4M | Reduce -5.8% |
| HEI Heico Corp. | 0.38% | 247,136 | $66.0M | Reduce -13.6% |
| FTAI Ftai Aviation Ltd. | 0.35% | 546,765 | $60.7M | Add +85.0% |
| OLLI Ollie's Bargain Outlet Holdi | 0.34% | 520,166 | $60.5M | Reduce -3.6% |
| GLBE Global-E Online Ltd. | 0.34% | 1,695,655 | $60.5M | Reduce -60.0% |
| GKOS Glaukos Corp. | 0.34% | 605,690 | $59.6M | Reduce -20.8% |
| GWRE Guidewire Software Inc. | 0.34% | 314,071 | $58.8M | Reduce -8.5% |
| VERX Vertex Inc. Class A | 0.33% | 1,672,623 | $58.6M | Reduce -18.8% |
| RGEN Repligen Corp. | 0.32% | 437,037 | $55.6M | Add +21.6% |
| MLM Martin Marietta Materials | 0.30% | 110,522 | $52.8M | Add +23.8% |
| PLNT Planet Fitness Inc. Class A | 0.30% | 546,200 | $52.8M | Add +24.6% |
| SPSC SPS Commerce Inc. | 0.30% | 395,890 | $52.5M | Reduce -17.8% |
| WGS Genedx Holdings Corp. | 0.28% | 557,018 | $49.3M | Add +2.0% |
| SITE Siteone Landscape Supply Inc. | 0.28% | 399,585 | $48.5M | Add +17.0% |
| AGYS Agilysys Inc. | 0.28% | 665,792 | $48.3M | Reduce -4.9% |
| CEG Constellation Energy | 0.27% | 234,499 | $47.3M | Reduce -35.6% |
| CORZ Core Scientific Inc. | 0.27% | 6,473,552 | $46.9M | Add +46.7% |
| TKO Tko Group Holdings Inc. | 0.27% | 305,260 | $46.6M | New |
| ACAD Acadia Pharmaceuticals Inc. | 0.26% | 2,769,828 | $46.0M | Add +2.0% |
| CWAN Clearwater Analytics HDS-A | 0.26% | 1,677,636 | $45.0M | Reduce -32.1% |
| GTES Gates Industrial Corp. UK Ltd. | 0.25% | 2,427,137 | $44.7M | Reduce -1.0% |
| EFX Equifax Inc. | 0.25% | 180,733 | $44.0M | Add +124.1% |
| VSEC Vse Corp. | 0.25% | 361,648 | $43.4M | Add +40.2% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.24% | 534,723 | $42.8M | Reduce -24.3% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 506,819 | $42.8M | Add +5.0% |
| UAL United Airlines Holdings Inc. | 0.24% | 609,348 | $42.1M | Reduce -62.0% |
| BURL Burlington Stores Inc. | 0.23% | 171,585 | $40.9M | Add +37.8% |
| RXO Rxo Inc. | 0.23% | 2,104,842 | $40.2M | Add +21.4% |
| COHR Coherent Corp. | 0.22% | 607,492 | $39.5M | New |
| DKNG Draftkings Inc. Class A | 0.22% | 1,151,787 | $38.3M | Reduce -35.4% |
| CAH Cardinal Health Inc. | 0.21% | 267,231 | $36.8M | Add +471.7% |
| SNOW Snowflake Inc. | 0.20% | 241,038 | $35.2M | Add +312.9% |
| WING Wingstop Inc. | 0.20% | 156,134 | $35.2M | Reduce -33.4% |
| BLFS Biolife Solutions Inc. | 0.20% | 1,533,122 | $35.0M | Reduce -3.8% |
| LOAR Loar Holdings Inc. | 0.20% | 495,015 | $35.0M | Reduce -10.9% |
| NEOG Neogen Corp. | 0.20% | 4,012,350 | $34.8M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 0.19% | 134,874 | $33.1M | Add +17.7% |
| PRO Pros Holdings Inc. | 0.18% | 1,706,846 | $32.5M | Reduce -22.7% |
| MU Micron Technology Inc. | 0.17% | 352,124 | $30.6M | New |
| FICO Fair Isaac Corp. | 0.17% | 16,560 | $30.5M | Add +265.3% |
| NCNO Ncino Inc. | 0.17% | 1,097,959 | $30.2M | Reduce -11.2% |
| AIR Aar Corp. | 0.17% | 533,770 | $29.9M | Add +32.6% |
| TECH Bio-Techne Corp. | 0.17% | 503,108 | $29.5M | Reduce -12.1% |
| ADSK Autodesk Inc. | 0.17% | 110,944 | $29.0M | Reduce -45.7% |
| PLMR Palomar Holdings Inc. | 0.16% | 210,765 | $28.9M | Reduce -17.8% |
| INSM Insmed Inc. | 0.16% | 378,331 | $28.9M | Reduce -1.9% |
| PGNY Progyny Inc. | 0.16% | 1,266,104 | $28.3M | Reduce -23.1% |
| EQIX Equinix Inc. | 0.16% | 34,582 | $28.2M | Reduce -48.3% |
| TNDM Tandem Diabetes Care Inc. | 0.16% | 1,454,239 | $27.9M | Reduce -25.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.16% | 78,684 | $27.7M | Reduce -17.8% |
| XMTR Xometry Inc. Class A | 0.16% | 1,098,035 | $27.4M | Reduce -34.4% |
| RBLX Roblox Corp. Class A | 0.15% | 462,867 | $27.0M | Add +32.6% |
| FSS Federal Signal Corp. | 0.15% | 362,996 | $26.7M | Reduce -2.4% |
| WFC Wells Fargo & Co. | 0.15% | 370,744 | $26.6M | Reduce -14.4% |
| WMT Walmart Inc. | 0.15% | 300,680 | $26.5M | Reduce -8.2% |
| IRTC Irhythm Holdings Inc. | 0.15% | 249,714 | $26.1M | Reduce -8.4% |
| TPC Tutor Perini Corp. | 0.15% | 1,117,915 | $25.9M | Reduce -1.3% |
| MCK McKesson Corp. | 0.15% | 38,072 | $25.6M | Add +1131.7% |
| CDNA Caredx Inc. | 0.14% | 1,434,607 | $25.5M | Reduce -11.1% |
| GOOGL Alphabet Inc. Class A | 0.14% | 163,720 | $25.3M | Add +1.5% |
| MLTX Moonlake Immunotherapeutics | 0.14% | 642,881 | $25.1M | Reduce -4.6% |
Options reported separately and not counted above: INVESCO QQQ TR puts ($1.4M), TRUMP MEDIA & TECHNOLOGY GRO puts ($242K).
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -13.9% | 2.34% | −0.81 |
| GLBE Global-E Online Ltd. | Reduce -60.0% | 0.34% | −0.76 |
| NVDA Nvidia Corp. | Reduce -3.4% | 8.87% | −0.65 |
| UAL United Airlines Holdings Inc. | Reduce -62.0% | 0.24% | −0.50 |
| NOW ServiceNow Inc. | Reduce -74.6% | 0.11% | −0.37 |
| SMTC Semtech Corp. | Reduce -74.3% | 0.08% | −0.36 |
| NBIS Nebius Group NV | Reduce -42.9% | 0.38% | −0.35 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.33 |
| AAPL Apple Inc. | Reduce -11.0% | 5.05% | −0.30 |
| ADBE Adobe Inc. | Reduce -84.1% | 0.06% | −0.28 |
| ETN Eaton Corp. PLC | Reduce -77.8% | 0.08% | −0.28 |
| TDG Transdigm Group Inc. | Reduce -54.2% | 0.39% | −0.26 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.26 |
| BNTX Biontech SE-ADR | Reduce -86.7% | 0.03% | −0.22 |
| GKOS Glaukos Corp. | Reduce -20.8% | 0.34% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -9.5% | 1.59% | −0.20 |
| PCVX Vaxcyte Inc. | Reduce -95.7% | 0.00% | −0.20 |
| XYZ Block Inc. | Reduce -91.7% | 0.01% | −0.20 |
| VERX Vertex Inc. Class A | Reduce -18.8% | 0.33% | −0.19 |
| XMTR Xometry Inc. Class A | Reduce -34.4% | 0.16% | −0.18 |
| NTRA Natera Inc. | Reduce -13.7% | 2.10% | −0.18 |
| TNDM Tandem Diabetes Care Inc. | Reduce -25.2% | 0.16% | −0.17 |
| AGYS Agilysys Inc. | Reduce -4.9% | 0.28% | −0.16 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.16 |
| SRPT Sarepta Therapeutics Inc. | Sold out | 0.00% | −0.16 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.16 |
| DAL Delta Air Lines Inc. | Reduce -51.3% | 0.10% | −0.14 |
| EQIX Equinix Inc. | Reduce -48.3% | 0.16% | −0.14 |
| SPSC SPS Commerce Inc. | Reduce -17.8% | 0.30% | −0.12 |
| ADSK Autodesk Inc. | Reduce -45.7% | 0.17% | −0.12 |
| CEG Constellation Energy | Reduce -35.6% | 0.27% | −0.12 |
| WING Wingstop Inc. | Reduce -33.4% | 0.20% | −0.12 |
| BX Blackstone Inc. | Reduce -46.4% | 0.11% | −0.10 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.10 |
| UPST Upstart Holdings Inc. | Reduce -7.9% | 0.46% | −0.10 |
| DKNG Draftkings Inc. Class A | Reduce -35.4% | 0.22% | −0.10 |
| QTWO Q2 Holdings Inc. | Reduce -24.3% | 0.24% | −0.10 |
| TWST Twist Bioscience Corp. | Reduce -55.6% | 0.08% | −0.09 |
| MANH Manhattan Associates Inc. | Reduce -70.1% | 0.03% | −0.09 |
| PYPL PayPal Holdings Inc. | Reduce -98.3% | 0.00% | −0.09 |
| MOD Modine Manufacturing Co. | Reduce -38.3% | 0.08% | −0.09 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.09 |
| FBRX Forte Biosciences Inc. | Reduce -19.7% | 0.04% | −0.08 |
| BLDR Builders Firstsource Inc. | Reduce -48.1% | 0.10% | −0.08 |
| ODFL Old Dominion Freight Line | Reduce -62.5% | 0.06% | −0.08 |
| COIN Coinbase Global Inc. Class A | Reduce -67.1% | 0.03% | −0.07 |
| WAB Wabtec Corp. | Reduce -47.3% | 0.11% | −0.07 |
| C Citigroup Inc. | Sold out | 0.00% | −0.07 |
| NOVT Novanta Inc. | Reduce -58.7% | 0.05% | −0.07 |
| TTD Trade Desk Inc./the Class A | Reduce -74.1% | 0.01% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| SE Sea Ltd.-ADR | Add +144.6% | 1.92% | +1.39 |
| TLN Talen Energy Corp. | Add +56.3% | 1.70% | +0.78 |
| NFLX Netflix Inc. | Add +5.8% | 2.57% | +0.63 |
| HOOD Robinhood Markets Inc. Class A | Add +164.0% | 0.87% | +0.63 |
| ABBV Abbvie Inc. | Add +394.5% | 0.51% | +0.43 |
| APP AppLovin Corp. Class A | Add +12.0% | 4.28% | +0.37 |
| VST Vistra Corp. | Add +102.5% | 0.65% | +0.34 |
| LLY Eli Lilly & Co. | Add +17.9% | 0.95% | +0.32 |
| HEI.A Heico Corp. Class A | Add +1.3% | 1.14% | +0.31 |
| TKO Tko Group Holdings Inc. | New | 0.27% | +0.27 |
| NRG NRG Energy Inc. | Add +39.1% | 0.61% | +0.26 |
| COHR Coherent Corp. | New | 0.22% | +0.22 |
| CAH Cardinal Health Inc. | Add +471.7% | 0.21% | +0.18 |
| MU Micron Technology Inc. | New | 0.17% | +0.17 |
| SNOW Snowflake Inc. | Add +312.9% | 0.20% | +0.16 |
| EFX Equifax Inc. | Add +124.1% | 0.25% | +0.15 |
| FTAI Ftai Aviation Ltd. | Add +85.0% | 0.35% | +0.14 |
| MCK McKesson Corp. | Add +1131.7% | 0.15% | +0.14 |
| FICO Fair Isaac Corp. | Add +265.3% | 0.17% | +0.13 |
| VSEC Vse Corp. | Add +40.2% | 0.25% | +0.13 |
| PTLO Portillo's Inc. Class A | New | 0.10% | +0.10 |
| HLNE Hamilton Lane Inc. Class A | Add +2.2% | 0.53% | +0.10 |
| PLNT Planet Fitness Inc. Class A | Add +24.6% | 0.30% | +0.09 |
| ABT Abbott Laboratories | Add +353.6% | 0.11% | +0.09 |
| GH Guardant Health Inc. | Add +194.3% | 0.11% | +0.09 |
| AKRO Akero Therapeutics Inc. | Add +95.7% | 0.12% | +0.08 |
| MLM Martin Marietta Materials | Add +23.8% | 0.30% | +0.08 |
| WGS Genedx Holdings Corp. | Add +2.0% | 0.28% | +0.08 |
| STRL Sterling Infrastructure Inc. | New | 0.07% | +0.07 |
| RGEN Repligen Corp. | Add +21.6% | 0.32% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +5.0% | 0.24% | +0.07 |
| BURL Burlington Stores Inc. | Add +37.8% | 0.23% | +0.06 |
| SITE Siteone Landscape Supply Inc. | Add +17.0% | 0.28% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +17.7% | 0.19% | +0.06 |
| RBLX Roblox Corp. Class A | Add +32.6% | 0.15% | +0.06 |
| COST Costco Wholesale Corp. | New | 0.05% | +0.05 |
| AIR Aar Corp. | Add +32.6% | 0.17% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +101.0% | 0.08% | +0.05 |
| RYAN Ryan Specialty Holdings Inc. | Add +165.9% | 0.07% | +0.05 |
| VRSK Verisk Analytics Inc. | Add +47.6% | 0.10% | +0.05 |
| WK Workiva Inc. | New | 0.05% | +0.05 |
| AMGN Amgen Inc. | Add +93.5% | 0.07% | +0.05 |
| URI United Rentals Inc. | Add +175.3% | 0.07% | +0.05 |
| MCD McDonald's Corp. | Add +116.8% | 0.07% | +0.05 |
| ANET Arista Networks Inc. | Add +248.6% | 0.06% | +0.04 |
| CTAS Cintas Corp. | Add +2906.0% | 0.04% | +0.04 |
| IDCC Interdigital Inc. | Add +90.6% | 0.07% | +0.04 |
| OSCR Oscar Health Inc. Class A | Add +1192.7% | 0.04% | +0.04 |
| DASH DoorDash Inc. Class A | New | 0.04% | +0.04 |
| KLAC KLA Corp. | Add +7.3% | 0.13% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| INVESCO QQQ TR | put | Add +20605.9% | 70,400 | $1.4M |
| TRUMP MEDIA & TECHNOLOGY GRO | put | New | 7,700 | $242K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 424 | $30.0B | NVDA, MSFT, AMZN, NBIS, GOOG |
| Q1 2026 | 443 | $22.8B | NVDA, MSFT, AMZN, AAPL, GOOG |
| Q4 2025 | 457 | $25.5B | NVDA, MSFT, AMZN, META, AAPL |
| Q3 2025 | 445 | $25.7B | NVDA, MSFT, META, AMZN, APP |
| Q2 2025 | 430 | $22.3B | NVDA, MSFT, AMZN, META, APP |
| Q1 2025 | 416 | $17.6B | MSFT, NVDA, AMZN, META, AAPL |
| Q4 2024 | 405 | $21.0B | NVDA, MSFT, AMZN, AAPL, META |
| Q3 2024 | 433 | $20.6B | MSFT, NVDA, AMZN, AAPL, META |
| Q2 2024 | 424 | $20.6B | MSFT, NVDA, AMZN, AAPL, META |
| Q1 2024 | 443 | $20.2B | MSFT, NVDA, AMZN, META, AAPL |