Fred Alger Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Fred Alger Management, LLC reported 430 stock positions worth $22.3 billion. Its top holding was Nvidia (NVDA) at 10.6% of the portfolio, followed by Microsoft (MSFT, 10.2%) and Amazon.com (AMZN, 6.8%). Compared with Q1 2025, it opened 68 new positions, sold out of 54, added to 147 and reduced 192. The biggest buy was Nvidia (NVDA, shares +4%) and the biggest sale Apple (AAPL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000003520
- Portfolio Value
- $22.3B (Q2 2025)
- SEC Filing
- 0000950123-25-008360 ↗ filed Aug 14, 2025
Holdings Value
Holdings 430 stocks · $22.3B
| NVDA Nvidia Corp. | 10.56% | 14,937,552 | $2.4B | Add +4.0% |
| MSFT Microsoft Corp. | 10.20% | 4,580,630 | $2.3B | Add +1.1% |
| AMZN Amazon.com Inc. | 6.76% | 6,884,585 | $1.5B | Add +8.3% |
| META Meta Platforms Inc. Class A | 6.06% | 1,833,514 | $1.4B | Reduce -1.4% |
| APP AppLovin Corp. Class A | 3.65% | 2,327,644 | $814.9M | Reduce -17.9% |
| AAPL Apple Inc. | 3.44% | 3,742,666 | $767.9M | Reduce -6.3% |
| AVGO Broadcom Inc. | 2.63% | 2,130,303 | $587.2M | Reduce -13.3% |
| TLN Talen Energy Corp. | 2.48% | 1,903,530 | $553.5M | Add +27.6% |
| NFLX Netflix Inc. | 2.23% | 372,320 | $498.6M | Reduce -23.1% |
| TSLA Tesla Inc. | 2.21% | 1,554,906 | $493.9M | Add +30.1% |
| GOOG Alphabet Inc. Class C | 2.07% | 2,609,086 | $462.8M | Add +46.4% |
| NBIS Nebius Group NV | 1.88% | 7,595,447 | $420.3M | Add +137.8% |
| VRT Vertiv Holdings Co. Class A | 1.87% | 3,249,258 | $417.2M | Reduce -7.1% |
| VST Vistra Corp. | 1.86% | 2,148,122 | $416.3M | Add +120.7% |
| GFL GFL Environmental Inc.-Sub VT | 1.83% | 8,122,258 | $409.8M | Reduce -14.1% |
| NTRA Natera Inc. | 1.82% | 2,410,476 | $407.2M | Reduce -7.4% |
| SE Sea Ltd.-ADR | 1.69% | 2,364,659 | $378.2M | Reduce -8.5% |
| HOOD Robinhood Markets Inc. Class A | 1.43% | 3,422,248 | $320.4M | Reduce -7.0% |
| SPOT Spotify Technology SA | 1.32% | 384,210 | $294.8M | Add +7.2% |
| V Visa Inc. Class A | 1.21% | 764,119 | $271.3M | Reduce -18.3% |
| HEI.A Heico Corp. Class A | 1.15% | 989,909 | $256.1M | Add +4.7% |
| MELI MercadoLibre Inc. | 0.97% | 82,978 | $216.9M | Reduce -3.9% |
| CEG Constellation Energy | 0.94% | 648,724 | $209.4M | Add +176.6% |
| RBLX Roblox Corp. Class A | 0.89% | 1,881,065 | $197.9M | Add +306.4% |
| ISRG Intuitive Surgical Inc. | 0.79% | 323,110 | $175.6M | Reduce -2.9% |
| NET Cloudflare Inc. Class A | 0.76% | 865,797 | $169.5M | Add +13.1% |
| SNOW Snowflake Inc. | 0.73% | 729,931 | $163.3M | Add +202.8% |
| ALAB Astera Labs Inc. | 0.72% | 1,784,336 | $161.3M | Add +14.4% |
| FWONK Liberty Media Corp. Class C | 0.65% | 1,398,251 | $146.1M | Add +2.9% |
| CAH Cardinal Health Inc. | 0.60% | 802,232 | $134.8M | Add +200.2% |
| SPGI S&P Global Inc. | 0.57% | 243,148 | $128.2M | Reduce -24.4% |
| LLY Eli Lilly & Co. | 0.55% | 157,609 | $122.9M | Reduce -22.4% |
| BSX Boston Scientific Corp. | 0.47% | 987,969 | $106.1M | Add +1.3% |
| WING Wingstop Inc. | 0.47% | 314,194 | $105.8M | Add +101.2% |
| MLM Martin Marietta Materials | 0.45% | 183,356 | $100.7M | Add +65.9% |
| PINS Pinterest Inc. Class A | 0.43% | 2,697,081 | $96.7M | Add +22.7% |
| FSV Firstservice Corp. | 0.38% | 482,711 | $84.4M | Reduce -16.0% |
| UPST Upstart Holdings Inc. | 0.35% | 1,219,700 | $78.9M | Reduce -30.9% |
| CWST Casella Waste Systems Inc. Class A | 0.35% | 676,028 | $78.0M | Reduce -14.8% |
| HEI Heico Corp. | 0.34% | 234,877 | $77.0M | Reduce -5.0% |
| WGS Genedx Holdings Corp. | 0.34% | 820,523 | $75.7M | Add +47.3% |
| OLLI Ollie's Bargain Outlet Holdi | 0.31% | 533,251 | $69.8M | Add +2.5% |
| RBC RBC Bearings Inc. | 0.31% | 177,735 | $68.4M | Reduce -13.9% |
| SHOP Shopify Inc. Class A | 0.31% | 591,021 | $68.2M | New |
| COHR Coherent Corp. | 0.30% | 748,363 | $66.8M | Add +23.2% |
| SPSC SPS Commerce Inc. | 0.30% | 487,176 | $66.1M | Add +23.1% |
| DKNG Draftkings Inc. Class A | 0.27% | 1,409,075 | $60.4M | Add +22.3% |
| VERX Vertex Inc. Class A | 0.27% | 1,690,053 | $59.6M | Add +1.0% |
| FICO Fair Isaac Corp. | 0.26% | 31,607 | $57.8M | Add +90.9% |
| BURL Burlington Stores Inc. | 0.24% | 234,673 | $54.6M | Add +36.8% |
| GWRE Guidewire Software Inc. | 0.23% | 222,656 | $52.4M | Reduce -29.1% |
| PLNT Planet Fitness Inc. Class A | 0.23% | 477,382 | $52.1M | Reduce -12.6% |
| TKO Tko Group Holdings Inc. | 0.23% | 284,995 | $51.9M | Reduce -6.6% |
| ACAD Acadia Pharmaceuticals Inc. | 0.23% | 2,387,456 | $51.5M | Reduce -13.8% |
| CDNS Cadence Design SYS Inc. | 0.23% | 166,812 | $51.4M | Reduce -61.1% |
| IRTC Irhythm Holdings Inc. | 0.22% | 325,543 | $50.1M | Add +30.4% |
| SITE Siteone Landscape Supply Inc. | 0.22% | 410,549 | $49.7M | Add +2.7% |
| STEP Stepstone Group Inc. Class A | 0.21% | 858,823 | $47.7M | Reduce -44.8% |
| ETN Eaton Corp. PLC | 0.21% | 129,830 | $46.3M | Add +161.8% |
| AGYS Agilysys Inc. | 0.21% | 402,505 | $46.0M | Reduce -39.5% |
| AIR Aar Corp. | 0.20% | 665,151 | $45.8M | Add +24.6% |
| ORCL Oracle Corp. | 0.20% | 203,623 | $44.5M | Add +955.0% |
| LOAR Loar Holdings Inc. | 0.20% | 515,757 | $44.4M | Add +4.2% |
| CVNA Carvana Co. | 0.20% | 131,849 | $44.4M | Add +298.5% |
| TPC Tutor Perini Corp. | 0.20% | 948,467 | $44.4M | Reduce -15.2% |
| GKOS Glaukos Corp. | 0.20% | 425,974 | $44.0M | Reduce -29.7% |
| AORT Artivion Inc. | 0.19% | 1,350,959 | $42.0M | Add +1018.3% |
| NOW ServiceNow Inc. | 0.19% | 40,332 | $41.5M | Add +69.3% |
| VSEC Vse Corp. | 0.18% | 312,711 | $41.0M | Reduce -13.5% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.18% | 430,211 | $40.3M | Reduce -19.6% |
| FTAI Ftai Aviation Ltd. | 0.18% | 352,231 | $40.2M | Reduce -35.6% |
| MRVL Marvell Technology Inc. | 0.18% | 510,753 | $39.5M | Add +101.3% |
| JPM JPMorgan Chase & Co. | 0.18% | 135,376 | $39.2M | Add +0.4% |
| WMT Walmart Inc. | 0.17% | 399,716 | $39.1M | Add +32.9% |
| PGNY Progyny Inc. | 0.17% | 1,756,056 | $38.6M | Add +38.7% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 275,832 | $37.6M | Reduce -45.6% |
| CWAN Clearwater Analytics HDS-A | 0.17% | 1,715,883 | $37.4M | Add +2.3% |
| RGEN Repligen Corp. | 0.17% | 299,556 | $37.3M | Reduce -31.5% |
| ABT Abbott Laboratories | 0.16% | 268,707 | $36.5M | Add +92.7% |
| TDG Transdigm Group Inc. | 0.16% | 23,712 | $36.1M | Reduce -52.4% |
| ITRI Itron Inc. | 0.16% | 273,508 | $36.0M | Add +498.0% |
| GTES Gates Industrial Corp. UK Ltd. | 0.15% | 1,491,780 | $34.4M | Reduce -38.5% |
| UAL United Airlines Holdings Inc. | 0.15% | 425,509 | $33.9M | Reduce -30.2% |
| NCNO Ncino Inc. | 0.15% | 1,189,616 | $33.3M | Add +8.3% |
| DASH DoorDash Inc. Class A | 0.15% | 134,618 | $33.2M | Add +280.6% |
| URI United Rentals Inc. | 0.15% | 43,550 | $32.8M | Add +119.4% |
| PI Impinj Inc. | 0.14% | 290,913 | $32.3M | Add +72.7% |
| FA First Advantage Corp. | 0.14% | 1,894,455 | $31.5M | Add +47.0% |
| KRUS Kura Sushi USA Inc. Class A | 0.14% | 362,425 | $31.2M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 0.13% | 170,774 | $30.1M | Add +4.3% |
| KLAC KLA Corp. | 0.13% | 33,565 | $30.1M | Reduce -0.1% |
| XMTR Xometry Inc. Class A | 0.13% | 858,604 | $29.0M | Reduce -21.8% |
| TRNS Transcat Inc. | 0.13% | 334,567 | $28.8M | Add +54.7% |
| ADPT Adaptive Biotechnologies | 0.12% | 2,355,427 | $27.4M | New |
| BLFS Biolife Solutions Inc. | 0.12% | 1,248,028 | $26.9M | Reduce -18.6% |
| EQIX Equinix Inc. | 0.12% | 33,291 | $26.5M | Reduce -3.7% |
| FSS Federal Signal Corp. | 0.12% | 242,564 | $25.8M | Reduce -33.2% |
| GEV GE Vernova Inc. | 0.12% | 48,568 | $25.7M | Add +88.8% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.11% | 1,151,191 | $25.2M | Add +16.2% |
| STVN Stevanato Group SPA | 0.11% | 1,021,484 | $25.0M | Reduce -2.3% |
Options reported separately and not counted above: TRUMP MEDIA & TECHNOLOGY GRO puts ($350K).
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -6.3% | 3.44% | −1.62 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -14.1% | 1.83% | −0.77 |
| V Visa Inc. Class A | Reduce -18.3% | 1.21% | −0.65 |
| APP AppLovin Corp. Class A | Reduce -17.9% | 3.65% | −0.63 |
| NRG NRG Energy Inc. | Reduce -95.6% | 0.04% | −0.58 |
| HLNE Hamilton Lane Inc. Class A | Reduce -82.9% | 0.07% | −0.46 |
| ABBV Abbvie Inc. | Reduce -86.7% | 0.05% | −0.46 |
| LLY Eli Lilly & Co. | Reduce -22.4% | 0.55% | −0.41 |
| CDNS Cadence Design SYS Inc. | Reduce -61.1% | 0.23% | −0.39 |
| SPGI S&P Global Inc. | Reduce -24.4% | 0.57% | −0.36 |
| GLBE Global-E Online Ltd. | Reduce -99.3% | 0.00% | −0.34 |
| NFLX Netflix Inc. | Reduce -23.1% | 2.23% | −0.34 |
| NTRA Natera Inc. | Reduce -7.4% | 1.82% | −0.27 |
| STEP Stepstone Group Inc. Class A | Reduce -44.8% | 0.21% | −0.25 |
| TDG Transdigm Group Inc. | Reduce -52.4% | 0.16% | −0.23 |
| SE Sea Ltd.-ADR | Reduce -8.5% | 1.69% | −0.23 |
| CORZ Core Scientific Inc. | Reduce -88.6% | 0.06% | −0.21 |
| EFX Equifax Inc. | Reduce -69.4% | 0.06% | −0.19 |
| FSV Firstservice Corp. | Reduce -16.0% | 0.38% | −0.17 |
| FTAI Ftai Aviation Ltd. | Reduce -35.6% | 0.18% | −0.17 |
| ADSK Autodesk Inc. | Reduce -97.4% | 0.00% | −0.16 |
| RXO Rxo Inc. | Reduce -52.3% | 0.07% | −0.16 |
| CWST Casella Waste Systems Inc. Class A | Reduce -14.8% | 0.35% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -2.9% | 0.79% | −0.15 |
| RGEN Repligen Corp. | Reduce -31.5% | 0.17% | −0.15 |
| PRO Pros Holdings Inc. | Reduce -67.1% | 0.04% | −0.15 |
| GKOS Glaukos Corp. | Reduce -29.7% | 0.20% | −0.14 |
| UPST Upstart Holdings Inc. | Reduce -30.9% | 0.35% | −0.11 |
| MCK McKesson Corp. | Reduce -69.4% | 0.04% | −0.11 |
| TNDM Tandem Diabetes Care Inc. | Reduce -54.1% | 0.06% | −0.10 |
| TECH Bio-Techne Corp. | Reduce -42.3% | 0.07% | −0.10 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -38.5% | 0.15% | −0.10 |
| GWRE Guidewire Software Inc. | Reduce -29.1% | 0.23% | −0.10 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.09 |
| SITM Sitime Corp. | Reduce -83.3% | 0.02% | −0.09 |
| UAL United Airlines Holdings Inc. | Reduce -30.2% | 0.15% | −0.09 |
| PPL PPL Corp. | Sold out | 0.00% | −0.08 |
| MLTX Moonlake Immunotherapeutics | Reduce -54.0% | 0.06% | −0.08 |
| CDRE Cadre Holdings Inc. | Reduce -50.0% | 0.06% | −0.08 |
| BLFS Biolife Solutions Inc. | Reduce -18.6% | 0.12% | −0.08 |
| INSM Insmed Inc. | Reduce -49.9% | 0.09% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -45.6% | 0.17% | −0.08 |
| MU Micron Technology Inc. | Reduce -47.7% | 0.10% | −0.07 |
| RBC RBC Bearings Inc. | Reduce -13.9% | 0.31% | −0.07 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.07 |
| INTA Intapp Inc. | Reduce -31.9% | 0.06% | −0.07 |
| AGYS Agilysys Inc. | Reduce -39.5% | 0.21% | −0.07 |
| PLNT Planet Fitness Inc. Class A | Reduce -12.6% | 0.23% | −0.07 |
| BX Blackstone Inc. | Reduce -53.2% | 0.04% | −0.07 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +4.0% | 10.56% | +1.69 |
| NBIS Nebius Group NV | Add +137.8% | 1.88% | +1.50 |
| VST Vistra Corp. | Add +120.7% | 1.86% | +1.21 |
| TLN Talen Energy Corp. | Add +27.6% | 2.48% | +0.78 |
| RBLX Roblox Corp. Class A | Add +306.4% | 0.89% | +0.73 |
| CEG Constellation Energy | Add +176.6% | 0.94% | +0.67 |
| SNOW Snowflake Inc. | Add +202.8% | 0.73% | +0.53 |
| MSFT Microsoft Corp. | Add +1.1% | 10.20% | +0.51 |
| GOOG Alphabet Inc. Class C | Add +46.4% | 2.07% | +0.49 |
| TSLA Tesla Inc. | Add +30.1% | 2.21% | +0.45 |
| CAH Cardinal Health Inc. | Add +200.2% | 0.60% | +0.39 |
| SHOP Shopify Inc. Class A | New | 0.31% | +0.31 |
| WING Wingstop Inc. | Add +101.2% | 0.47% | +0.27 |
| NET Cloudflare Inc. Class A | Add +13.1% | 0.76% | +0.27 |
| SPOT Spotify Technology SA | Add +7.2% | 1.32% | +0.20 |
| ALAB Astera Labs Inc. | Add +14.4% | 0.72% | +0.19 |
| ORCL Oracle Corp. | Add +955.0% | 0.20% | +0.18 |
| AORT Artivion Inc. | Add +1018.3% | 0.19% | +0.17 |
| CVNA Carvana Co. | Add +298.5% | 0.20% | +0.16 |
| MLM Martin Marietta Materials | Add +65.9% | 0.45% | +0.15 |
| ITRI Itron Inc. | Add +498.0% | 0.16% | +0.13 |
| ETN Eaton Corp. PLC | Add +161.8% | 0.21% | +0.13 |
| ADPT Adaptive Biotechnologies | New | 0.12% | +0.12 |
| DASH DoorDash Inc. Class A | Add +280.6% | 0.15% | +0.11 |
| THC Tenet Healthcare Corp. | Add +604.4% | 0.11% | +0.09 |
| MRVL Marvell Technology Inc. | Add +101.3% | 0.18% | +0.09 |
| FICO Fair Isaac Corp. | Add +90.9% | 0.26% | +0.08 |
| NOW ServiceNow Inc. | Add +69.3% | 0.19% | +0.08 |
| URI United Rentals Inc. | Add +119.4% | 0.15% | +0.08 |
| IRTC Irhythm Holdings Inc. | Add +30.4% | 0.22% | +0.08 |
| COHR Coherent Corp. | Add +23.2% | 0.30% | +0.07 |
| GEV GE Vernova Inc. | Add +88.8% | 0.12% | +0.07 |
| FIX Comfort Systems USA Inc. | Add +94.7% | 0.10% | +0.06 |
| ABT Abbott Laboratories | Add +92.7% | 0.16% | +0.06 |
| WGS Genedx Holdings Corp. | Add +47.3% | 0.34% | +0.06 |
| PI Impinj Inc. | Add +72.7% | 0.14% | +0.06 |
| NOVT Novanta Inc. | Add +171.9% | 0.11% | +0.06 |
| FBRX Forte Biosciences Inc. | Add +77.8% | 0.09% | +0.05 |
| DKNG Draftkings Inc. Class A | Add +22.3% | 0.27% | +0.05 |
| RDNT Radnet Inc. | Add +185.8% | 0.08% | +0.05 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +153.1% | 0.07% | +0.05 |
| PINS Pinterest Inc. Class A | Add +22.7% | 0.43% | +0.04 |
| GLOB Globant SA | Add +289.2% | 0.07% | +0.04 |
| COIN Coinbase Global Inc. Class A | Add +55.2% | 0.07% | +0.04 |
| CRS Carpenter Technology | New | 0.04% | +0.04 |
| FA First Advantage Corp. | Add +47.0% | 0.14% | +0.04 |
| KRUS Kura Sushi USA Inc. Class A | Add +3.0% | 0.14% | +0.04 |
| TRNS Transcat Inc. | Add +54.7% | 0.13% | +0.04 |
| AIR Aar Corp. | Add +24.6% | 0.20% | +0.03 |
| ROP Roper Technologies Inc. | Add +1106.8% | 0.04% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| INVESCO QQQ TR | put | Sold out | 70,400 | $1.4Mbefore exit |
| TRUMP MEDIA & TECHNOLOGY GRO | put | Add +42.9% | 11,000 | $350K |
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 |