Fred Alger Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Fred Alger Management, LLC reported 445 stock positions worth $25.7 billion. Its top holding was Nvidia (NVDA) at 10.8% of the portfolio, followed by Microsoft (MSFT, 9.5%) and Meta Platforms Class A (META, 5.7%). Compared with Q2 2025, it opened 81 new positions, sold out of 66, added to 123 and reduced 210. The biggest buy was Nebius (NBIS, shares +33%) and the biggest sale Amazon.com (AMZN, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000003520
- Portfolio Value
- $25.7B (Q3 2025)
- SEC Filing
- 0001193125-25-282909 ↗ filed Nov 14, 2025
Holdings Value
Holdings 445 stocks · $25.7B
| NVDA Nvidia Corp. | 10.79% | 14,855,800 | $2.8B | Reduce -0.6% |
| MSFT Microsoft Corp. | 9.49% | 4,709,800 | $2.4B | Add +2.8% |
| META Meta Platforms Inc. Class A | 5.75% | 2,010,772 | $1.5B | Add +9.7% |
| AMZN Amazon.com Inc. | 5.54% | 6,481,633 | $1.4B | Reduce -5.8% |
| APP AppLovin Corp. Class A | 5.29% | 1,891,942 | $1.4B | Reduce -18.7% |
| NBIS Nebius Group NV | 4.43% | 10,132,279 | $1.1B | Add +33.4% |
| AAPL Apple Inc. | 4.08% | 4,112,719 | $1.0B | Add +9.9% |
| AVGO Broadcom Inc. | 3.44% | 2,681,638 | $884.7M | Add +25.9% |
| GOOG Alphabet Inc. Class C | 2.87% | 3,029,811 | $737.9M | Add +16.1% |
| TLN Talen Energy Corp. | 2.75% | 1,663,749 | $707.7M | Reduce -12.6% |
| TSLA Tesla Inc. | 2.55% | 1,472,669 | $654.9M | Reduce -5.3% |
| SE Sea Ltd.-ADR | 2.01% | 2,886,441 | $515.9M | Add +22.1% |
| NFLX Netflix Inc. | 1.63% | 349,014 | $418.4M | Reduce -6.3% |
| WDC Western Digital Corp. | 1.59% | 3,407,042 | $409.0M | Add +4923.9% |
| NTRA Natera Inc. | 1.54% | 2,451,779 | $394.7M | Add +1.7% |
| SPOT Spotify Technology SA | 1.36% | 500,201 | $349.1M | Add +30.2% |
| RBLX Roblox Corp. Class A | 1.30% | 2,402,708 | $332.8M | Add +27.7% |
| ALAB Astera Labs Inc. | 1.17% | 1,541,438 | $301.8M | Reduce -13.6% |
| HOOD Robinhood Markets Inc. Class A | 1.17% | 2,107,724 | $301.8M | Reduce -38.4% |
| VRT Vertiv Holdings Co. Class A | 1.15% | 1,957,724 | $295.3M | Reduce -39.8% |
| VST Vistra Corp. | 1.06% | 1,394,607 | $273.2M | Reduce -35.1% |
| GFL GFL Environmental Inc.-Sub VT | 1.04% | 5,628,744 | $266.7M | Reduce -30.7% |
| HEI.A Heico Corp. Class A | 0.90% | 908,641 | $230.9M | Reduce -8.2% |
| CEG Constellation Energy | 0.68% | 527,672 | $173.6M | Reduce -18.7% |
| QXO Qxo Inc. | 0.67% | 9,079,363 | $173.1M | New |
| MDB Mongodb Inc. | 0.63% | 523,389 | $162.4M | New |
| V Visa Inc. Class A | 0.63% | 470,826 | $160.7M | Reduce -38.4% |
| MELI MercadoLibre Inc. | 0.60% | 66,221 | $154.8M | Reduce -20.2% |
| ORCL Oracle Corp. | 0.59% | 541,570 | $152.3M | Add +166.0% |
| SPGI S&P Global Inc. | 0.52% | 271,910 | $132.3M | Add +11.8% |
| FWONK Liberty Media Corp. Class C | 0.48% | 1,188,815 | $124.2M | Reduce -15.0% |
| ISRG Intuitive Surgical Inc. | 0.47% | 269,910 | $120.7M | Reduce -16.5% |
| RKT Rocket Cos Inc. Class A | 0.46% | 6,078,800 | $117.8M | Add +7412.6% |
| MLM Martin Marietta Materials | 0.43% | 174,081 | $109.7M | Reduce -5.1% |
| BSX Boston Scientific Corp. | 0.37% | 985,947 | $96.3M | Reduce -0.2% |
| NET Cloudflare Inc. Class A | 0.36% | 436,635 | $93.7M | Reduce -49.6% |
| FSV Firstservice Corp. | 0.32% | 431,659 | $82.2M | Reduce -10.6% |
| NRG NRG Energy Inc. | 0.30% | 476,760 | $77.2M | Add +865.7% |
| URI United Rentals Inc. | 0.29% | 79,248 | $75.7M | Add +82.0% |
| QURE Uniqure NV | 0.29% | 1,290,391 | $75.3M | New |
| CAH Cardinal Health Inc. | 0.29% | 472,652 | $74.2M | Reduce -41.1% |
| SNOW Snowflake Inc. | 0.29% | 325,466 | $73.4M | Reduce -55.4% |
| LLY Eli Lilly & Co. | 0.28% | 95,787 | $73.1M | Reduce -39.2% |
| CVNA Carvana Co. | 0.27% | 184,781 | $69.7M | Add +40.1% |
| RBC RBC Bearings Inc. | 0.27% | 175,600 | $68.5M | Reduce -1.2% |
| HEI Heico Corp. | 0.27% | 211,220 | $68.2M | Reduce -10.1% |
| SGI Somnigroup International Inc. | 0.26% | 801,574 | $67.6M | New |
| VSEC Vse Corp. | 0.26% | 394,499 | $65.6M | Add +26.1% |
| AIR Aar Corp. | 0.24% | 694,402 | $62.3M | Add +4.4% |
| UPST Upstart Holdings Inc. | 0.22% | 1,127,568 | $57.3M | Reduce -7.5% |
| STEP Stepstone Group Inc. Class A | 0.22% | 860,405 | $56.2M | Add +0.2% |
| AORT Artivion Inc. | 0.22% | 1,317,250 | $55.8M | Reduce -2.5% |
| WING Wingstop Inc. | 0.21% | 219,316 | $55.2M | Reduce -30.2% |
| IRTC Irhythm Holdings Inc. | 0.21% | 320,099 | $55.1M | Reduce -1.7% |
| SMTC Semtech Corp. | 0.21% | 767,459 | $54.8M | Add +46.0% |
| GOOGL Alphabet Inc. Class A | 0.21% | 225,265 | $54.8M | Add +31.9% |
| FTAI Ftai Aviation Ltd. | 0.21% | 327,252 | $54.6M | Reduce -7.1% |
| ETN Eaton Corp. PLC | 0.21% | 143,395 | $53.7M | Add +10.4% |
| TKO Tko Group Holdings Inc. | 0.21% | 265,241 | $53.6M | Reduce -6.9% |
| LOAR Loar Holdings Inc. | 0.21% | 667,893 | $53.4M | Add +29.5% |
| CWST Casella Waste Systems Inc. Class A | 0.21% | 561,850 | $53.3M | Reduce -16.9% |
| PLNT Planet Fitness Inc. Class A | 0.20% | 503,101 | $52.2M | Add +5.4% |
| TPC Tutor Perini Corp. | 0.19% | 752,104 | $49.3M | Reduce -20.7% |
| CDTX Cidara Therapeutics Inc. | 0.19% | 502,877 | $48.2M | New |
| RGEN Repligen Corp. | 0.19% | 358,422 | $47.9M | Add +19.6% |
| CAT Caterpillar Inc. | 0.19% | 100,181 | $47.8M | New |
| UAL United Airlines Holdings Inc. | 0.18% | 478,370 | $46.2M | Add +12.4% |
| SITE Siteone Landscape Supply Inc. | 0.18% | 357,893 | $46.1M | Reduce -12.8% |
| TWLO Twilio Inc. Class A | 0.17% | 442,992 | $44.3M | Add +3614.8% |
| SHOP Shopify Inc. Class A | 0.17% | 290,319 | $43.1M | Reduce -50.9% |
| GWRE Guidewire Software Inc. | 0.17% | 184,555 | $42.4M | Reduce -17.1% |
| JPM JPMorgan Chase & Co. | 0.16% | 133,210 | $42.0M | Reduce -1.6% |
| PINS Pinterest Inc. Class A | 0.16% | 1,302,470 | $41.9M | Reduce -51.7% |
| GH Guardant Health Inc. | 0.16% | 638,487 | $39.9M | Add +70.9% |
| XMTR Xometry Inc. Class A | 0.15% | 715,450 | $39.0M | Reduce -16.7% |
| WGS Genedx Holdings Corp. | 0.15% | 357,302 | $38.5M | Reduce -56.5% |
| GTES Gates Industrial Corp. UK Ltd. | 0.15% | 1,528,147 | $37.9M | Add +2.4% |
| ADPT Adaptive Biotechnologies | 0.15% | 2,514,234 | $37.6M | Add +6.7% |
| RDNT Radnet Inc. | 0.15% | 490,267 | $37.4M | Add +50.6% |
| AGYS Agilysys Inc. | 0.14% | 349,312 | $36.8M | Reduce -13.2% |
| PGNY Progyny Inc. | 0.14% | 1,706,646 | $36.7M | Reduce -2.8% |
| KLAC KLA Corp. | 0.14% | 33,501 | $36.1M | Reduce -0.2% |
| COMP Compass Inc. Class A | 0.14% | 4,450,326 | $35.7M | New |
| WMT Walmart Inc. | 0.14% | 344,507 | $35.5M | Reduce -13.8% |
| ASND Ascendis Pharma A/S | 0.13% | 170,701 | $33.9M | Add +4398.1% |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 189,024 | $33.8M | New |
| ACAD Acadia Pharmaceuticals Inc. | 0.13% | 1,567,035 | $33.4M | Reduce -34.4% |
| PLTR Palantir Technologies Inc. Class A | 0.13% | 180,956 | $33.0M | Reduce -34.4% |
| OLLI Ollie's Bargain Outlet Holdi | 0.12% | 245,933 | $31.6M | Reduce -53.9% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.12% | 1,149,696 | $31.6M | Reduce -0.1% |
| EXAS Exact Sciences Corp. | 0.12% | 563,292 | $30.8M | New |
| STRL Sterling Infrastructure Inc. | 0.12% | 89,801 | $30.5M | Reduce -2.6% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.11% | 391,108 | $28.3M | Reduce -9.1% |
| BLFS Biolife Solutions Inc. | 0.11% | 1,108,922 | $28.3M | Reduce -11.2% |
| ROAD Construction Partners Inc. Class A | 0.11% | 222,569 | $28.3M | Reduce -1.0% |
| FIX Comfort Systems USA Inc. | 0.11% | 34,106 | $28.1M | Reduce -19.4% |
| DASH DoorDash Inc. Class A | 0.11% | 102,970 | $28.0M | Reduce -23.5% |
| HLNE Hamilton Lane Inc. Class A | 0.11% | 201,549 | $27.2M | Add +88.8% |
| MS Morgan Stanley | 0.11% | 170,684 | $27.1M | Reduce -3.2% |
| NCNO Ncino Inc. | 0.11% | 995,693 | $27.0M | Reduce -16.3% |
Options reported separately and not counted above: TRUMP MEDIA & TECHNOLOGY GRO puts ($304K).
Portfolio Sells Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Reduce -5.8% | 5.54% | −1.22 |
| VST Vistra Corp. | Reduce -35.1% | 1.06% | −0.80 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -30.7% | 1.04% | −0.80 |
| VRT Vertiv Holdings Co. Class A | Reduce -39.8% | 1.15% | −0.72 |
| NFLX Netflix Inc. | Reduce -6.3% | 1.63% | −0.60 |
| V Visa Inc. Class A | Reduce -38.4% | 0.63% | −0.59 |
| SNOW Snowflake Inc. | Reduce -55.4% | 0.29% | −0.45 |
| NET Cloudflare Inc. Class A | Reduce -49.6% | 0.36% | −0.39 |
| MELI MercadoLibre Inc. | Reduce -20.2% | 0.60% | −0.37 |
| ISRG Intuitive Surgical Inc. | Reduce -16.5% | 0.47% | −0.32 |
| CAH Cardinal Health Inc. | Reduce -41.1% | 0.29% | −0.31 |
| PINS Pinterest Inc. Class A | Reduce -51.7% | 0.16% | −0.27 |
| LLY Eli Lilly & Co. | Reduce -39.2% | 0.28% | −0.27 |
| CEG Constellation Energy | Reduce -18.7% | 0.68% | −0.26 |
| HOOD Robinhood Markets Inc. Class A | Reduce -38.4% | 1.17% | −0.26 |
| WING Wingstop Inc. | Reduce -30.2% | 0.21% | −0.26 |
| HEI.A Heico Corp. Class A | Reduce -8.2% | 0.90% | −0.25 |
| COHR Coherent Corp. | Reduce -82.8% | 0.05% | −0.24 |
| FICO Fair Isaac Corp. | Reduce -92.2% | 0.01% | −0.24 |
| SPSC SPS Commerce Inc. | Reduce -64.1% | 0.07% | −0.22 |
| DKNG Draftkings Inc. Class A | Reduce -77.4% | 0.05% | −0.22 |
| BURL Burlington Stores Inc. | Reduce -85.2% | 0.03% | −0.21 |
| VERX Vertex Inc. Class A | Reduce -58.4% | 0.07% | −0.20 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -53.9% | 0.12% | −0.19 |
| WGS Genedx Holdings Corp. | Reduce -56.5% | 0.15% | −0.19 |
| FWONK Liberty Media Corp. Class C | Reduce -15.0% | 0.48% | −0.17 |
| MRVL Marvell Technology Inc. | Reduce -96.1% | 0.01% | −0.17 |
| NOW ServiceNow Inc. | Reduce -87.8% | 0.02% | −0.17 |
| CDNS Cadence Design SYS Inc. | Reduce -63.3% | 0.08% | −0.15 |
| CWST Casella Waste Systems Inc. Class A | Reduce -16.9% | 0.21% | −0.14 |
| SHOP Shopify Inc. Class A | Reduce -50.9% | 0.17% | −0.14 |
| UPST Upstart Holdings Inc. | Reduce -7.5% | 0.22% | −0.13 |
| CWAN Clearwater Analytics HDS-A | Reduce -67.7% | 0.04% | −0.13 |
| EQIX Equinix Inc. | Reduce -93.5% | 0.01% | −0.11 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.10 |
| ACAD Acadia Pharmaceuticals Inc. | Reduce -34.4% | 0.13% | −0.10 |
| BSX Boston Scientific Corp. | Reduce -0.2% | 0.37% | −0.10 |
| MU Micron Technology Inc. | Reduce -97.6% | 0.00% | −0.10 |
| PTLO Portillo's Inc. Class A | Sold out | 0.00% | −0.10 |
| GKOS Glaukos Corp. | Reduce -25.6% | 0.10% | −0.10 |
| WAB Wabtec Corp. | Sold out | 0.00% | −0.10 |
| KRUS Kura Sushi USA Inc. Class A | Reduce -34.5% | 0.05% | −0.08 |
| ABT Abbott Laboratories | Reduce -43.6% | 0.08% | −0.08 |
| ITRI Itron Inc. | Reduce -42.0% | 0.08% | −0.08 |
| HEI Heico Corp. | Reduce -10.1% | 0.27% | −0.08 |
| GLOB Globant SA | Sold out | 0.00% | −0.07 |
| QTWO Q2 Holdings Inc. | Reduce -9.1% | 0.11% | −0.07 |
| GWRE Guidewire Software Inc. | Reduce -17.1% | 0.17% | −0.07 |
| INSP Inspire Medical Systems Inc. | Reduce -94.3% | 0.00% | −0.07 |
| TDG Transdigm Group Inc. | Reduce -24.1% | 0.09% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| NBIS Nebius Group NV | Add +33.4% | 4.43% | +2.55 |
| WDC Western Digital Corp. | Add +4923.9% | 1.59% | +1.57 |
| AVGO Broadcom Inc. | Add +25.9% | 3.44% | +0.81 |
| GOOG Alphabet Inc. Class C | Add +16.1% | 2.87% | +0.80 |
| QXO Qxo Inc. | New | 0.67% | +0.67 |
| AAPL Apple Inc. | Add +9.9% | 4.08% | +0.64 |
| MDB Mongodb Inc. | New | 0.63% | +0.63 |
| RKT Rocket Cos Inc. Class A | Add +7412.6% | 0.46% | +0.45 |
| RBLX Roblox Corp. Class A | Add +27.7% | 1.30% | +0.41 |
| ORCL Oracle Corp. | Add +166.0% | 0.59% | +0.39 |
| SE Sea Ltd.-ADR | Add +22.1% | 2.01% | +0.32 |
| QURE Uniqure NV | New | 0.29% | +0.29 |
| NRG NRG Energy Inc. | Add +865.7% | 0.30% | +0.27 |
| SGI Somnigroup International Inc. | New | 0.26% | +0.26 |
| CDTX Cidara Therapeutics Inc. | New | 0.19% | +0.19 |
| CAT Caterpillar Inc. | New | 0.19% | +0.19 |
| TWLO Twilio Inc. Class A | Add +3614.8% | 0.17% | +0.17 |
| URI United Rentals Inc. | Add +82.0% | 0.29% | +0.15 |
| COMP Compass Inc. Class A | New | 0.14% | +0.14 |
| BABA Alibaba Group Holding-SP ADR | New | 0.13% | +0.13 |
| ASND Ascendis Pharma A/S | Add +4398.1% | 0.13% | +0.13 |
| EXAS Exact Sciences Corp. | New | 0.12% | +0.12 |
| SMTC Semtech Corp. | Add +46.0% | 0.21% | +0.11 |
| VCYT Veracyte Inc. | New | 0.10% | +0.10 |
| CRWV Coreweave Inc. Class A | New | 0.10% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +31.9% | 0.21% | +0.08 |
| BIDU Baidu Inc. - Spon ADR | New | 0.08% | +0.08 |
| CVNA Carvana Co. | Add +40.1% | 0.27% | +0.07 |
| VSEC Vse Corp. | Add +26.1% | 0.26% | +0.07 |
| FSLR First Solar Inc. | Add +3470.7% | 0.07% | +0.07 |
| CRDO Credo Technology Group Holdi | Add +416.1% | 0.08% | +0.07 |
| GH Guardant Health Inc. | Add +70.9% | 0.16% | +0.07 |
| NTNX Nutanix Inc. Class A | New | 0.06% | +0.06 |
| RDNT Radnet Inc. | Add +50.6% | 0.15% | +0.06 |
| IONQ Ionq Inc. | Add +310.3% | 0.08% | +0.06 |
| GLBE Global-E Online Ltd. | Add +3347.5% | 0.06% | +0.06 |
| AVAV Aerovironment Inc. | Add +346.4% | 0.07% | +0.06 |
| RBRK Rubrik Inc. Class A | New | 0.05% | +0.05 |
| OSCR Oscar Health Inc. Class A | Add +225.6% | 0.09% | +0.05 |
| ABBV Abbvie Inc. | Add +96.6% | 0.10% | +0.05 |
| BE Bloom Energy Corp. Class A | New | 0.05% | +0.05 |
| PVLA Palvella Therapeutics Inc. | Add +1279.0% | 0.05% | +0.04 |
| KRMN Karman Holdings Inc. | New | 0.04% | +0.04 |
| TMDX Transmedics Group Inc. | Add +303.8% | 0.07% | +0.04 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| SPOT Spotify Technology SA | Add +30.2% | 1.36% | +0.04 |
| HTFL Heartflow Inc. | New | 0.04% | +0.04 |
| CELH Celsius Holdings Inc. | Add +180.3% | 0.06% | +0.04 |
| STX Seagate Technology Holdings | New | 0.04% | +0.04 |
| HLNE Hamilton Lane Inc. Class A | Add +88.8% | 0.11% | +0.04 |
Options Activity Q2 2025 → Q3 2025
| TRUMP MEDIA & TECHNOLOGY GRO | put | Add +95.5% | 21,500 | $304K |
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 |