Fred Alger Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Fred Alger Management, LLC reported 457 stock positions worth $25.5 billion. Its top holding was Nvidia (NVDA) at 11.2% of the portfolio, followed by Microsoft (MSFT, 9.5%) and Amazon.com (AMZN, 6.4%). Compared with Q3 2025, it opened 73 new positions, sold out of 62, added to 123 and reduced 252. The biggest buy was Alphabet Class C (GOOG, shares +16%) and the biggest sale Nebius (NBIS, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000003520
- Portfolio Value
- $25.5B (Q4 2025)
- SEC Filing
- 0001193125-26-052991 ↗ filed Feb 17, 2026
Holdings Value
Holdings 457 stocks · $25.5B
| NVDA Nvidia Corp. | 11.19% | 15,300,674 | $2.9B | Add +3.0% |
| MSFT Microsoft Corp. | 9.47% | 4,993,130 | $2.4B | Add +6.0% |
| AMZN Amazon.com Inc. | 6.39% | 7,053,441 | $1.6B | Add +8.8% |
| META Meta Platforms Inc. Class A | 5.09% | 1,967,715 | $1.3B | Reduce -2.1% |
| AAPL Apple Inc. | 4.85% | 4,549,302 | $1.2B | Add +10.6% |
| APP AppLovin Corp. Class A | 4.42% | 1,672,394 | $1.1B | Reduce -11.6% |
| GOOG Alphabet Inc. Class C | 4.33% | 3,516,799 | $1.1B | Add +16.1% |
| AVGO Broadcom Inc. | 3.90% | 2,876,240 | $995.5M | Add +7.3% |
| TSLA Tesla Inc. | 2.92% | 1,653,074 | $743.4M | Add +12.3% |
| TLN Talen Energy Corp. | 2.65% | 1,804,094 | $676.2M | Add +8.4% |
| NBIS Nebius Group NV | 2.61% | 7,937,903 | $664.4M | Reduce -21.7% |
| WDC Western Digital Corp. | 1.81% | 2,684,341 | $462.4M | Reduce -21.2% |
| NTRA Natera Inc. | 1.64% | 1,822,508 | $417.5M | Reduce -25.7% |
| SE Sea Ltd.-ADR | 1.38% | 2,767,173 | $353.0M | Reduce -4.1% |
| ALAB Astera Labs Inc. | 1.26% | 1,934,688 | $321.9M | Add +25.5% |
| QXO Qxo Inc. | 1.20% | 15,923,937 | $307.2M | Add +75.4% |
| GEV GE Vernova Inc. | 1.10% | 429,858 | $280.9M | Add +1554.4% |
| SPOT Spotify Technology SA | 1.06% | 463,612 | $269.2M | Reduce -7.3% |
| NFLX Netflix Inc. | 1.01% | 2,752,067 | $258.0M | Reduce -21.1% |
| MDB Mongodb Inc. | 0.92% | 561,614 | $235.7M | Add +7.3% |
| HEI.A Heico Corp. Class A | 0.88% | 892,765 | $225.4M | Reduce -1.8% |
| GFL GFL Environmental Inc.-Sub VT | 0.85% | 5,023,016 | $215.7M | Reduce -10.8% |
| ISRG Intuitive Surgical Inc. | 0.78% | 350,972 | $198.8M | Add +30.0% |
| RKT Rocket Cos Inc. Class A | 0.77% | 10,190,918 | $197.3M | Add +67.7% |
| CEG Constellation Energy | 0.71% | 509,062 | $179.8M | Reduce -3.5% |
| MELI MercadoLibre Inc. | 0.68% | 86,634 | $174.5M | Add +30.8% |
| ROKU Roku Inc. | 0.60% | 1,421,440 | $154.2M | Add +7087.7% |
| VST Vistra Corp. | 0.60% | 949,840 | $153.2M | Reduce -31.9% |
| RGEN Repligen Corp. | 0.59% | 911,527 | $149.4M | Add +154.3% |
| BIIB Biogen Inc. | 0.55% | 798,774 | $140.6M | Add +39074.8% |
| SPGI S&P Global Inc. | 0.52% | 254,870 | $133.2M | Reduce -6.3% |
| FWONK Liberty Media Corp. Class C | 0.49% | 1,269,193 | $125.0M | Add +6.8% |
| ARWR Arrowhead Pharmaceuticals Inc. | 0.48% | 1,832,997 | $121.7M | Add +497.4% |
| AZN Astrazeneca PLC-Spons ADR | 0.48% | 1,318,719 | $121.2M | Add +2297.8% |
| LLY Eli Lilly & Co. | 0.42% | 100,600 | $108.1M | Add +5.0% |
| HOOD Robinhood Markets Inc. Class A | 0.42% | 946,540 | $107.1M | Reduce -55.1% |
| BSX Boston Scientific Corp. | 0.41% | 1,096,675 | $104.6M | Add +11.2% |
| MLM Martin Marietta Materials | 0.40% | 162,310 | $101.1M | Reduce -6.8% |
| DD Dupont DE Nemours Inc. | 0.38% | 2,389,749 | $96.1M | New |
| SHOP Shopify Inc. Class A | 0.37% | 588,028 | $94.7M | Add +102.5% |
| VRT Vertiv Holdings Co. Class A | 0.37% | 578,716 | $93.8M | Reduce -70.4% |
| V Visa Inc. Class A | 0.35% | 254,545 | $89.3M | Reduce -45.9% |
| NET Cloudflare Inc. Class A | 0.34% | 438,525 | $86.5M | Add +0.4% |
| CAH Cardinal Health Inc. | 0.33% | 404,679 | $83.2M | Reduce -14.4% |
| RBC RBC Bearings Inc. | 0.31% | 173,853 | $78.0M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 0.30% | 243,087 | $76.1M | Add +7.9% |
| ASND Ascendis Pharma A/S | 0.29% | 352,109 | $75.1M | Add +106.3% |
| FTAI Ftai Aviation Ltd. | 0.29% | 376,693 | $74.2M | Add +15.1% |
| TPC Tutor Perini Corp. | 0.29% | 1,105,848 | $74.1M | Add +47.0% |
| CVNA Carvana Co. | 0.28% | 169,480 | $71.5M | Reduce -8.3% |
| FSV Firstservice Corp. | 0.27% | 444,706 | $69.2M | Add +3.0% |
| FIGR Figure Technology Solut Class A | 0.26% | 1,649,993 | $67.4M | New |
| VSEC Vse Corp. | 0.25% | 368,313 | $63.6M | Reduce -6.6% |
| SMTC Semtech Corp. | 0.25% | 859,855 | $63.4M | Add +12.0% |
| HEI Heico Corp. | 0.25% | 195,032 | $63.1M | Reduce -7.7% |
| AORT Artivion Inc. | 0.25% | 1,372,572 | $62.6M | Add +4.2% |
| GH Guardant Health Inc. | 0.24% | 589,656 | $60.2M | Reduce -7.7% |
| SGI Somnigroup International Inc. | 0.23% | 663,524 | $59.2M | Reduce -17.2% |
| U Unity Software Inc. | 0.23% | 1,330,976 | $58.8M | Add +17917.8% |
| WING Wingstop Inc. | 0.23% | 245,536 | $58.6M | Add +12.0% |
| STEP Stepstone Group Inc. Class A | 0.23% | 906,072 | $58.1M | Add +5.3% |
| IRTC Irhythm Holdings Inc. | 0.22% | 310,582 | $55.1M | Reduce -3.0% |
| TWLO Twilio Inc. Class A | 0.21% | 372,481 | $53.0M | Reduce -15.9% |
| PLNT Planet Fitness Inc. Class A | 0.20% | 476,382 | $51.7M | Reduce -5.3% |
| AIR Aar Corp. | 0.20% | 609,391 | $50.5M | Reduce -12.2% |
| UNH Unitedhealth Group Inc. | 0.18% | 140,790 | $46.5M | Add +913.6% |
| CAT Caterpillar Inc. | 0.18% | 80,972 | $46.4M | Reduce -19.2% |
| UPST Upstart Holdings Inc. | 0.17% | 1,006,130 | $44.0M | Reduce -10.8% |
| CWST Casella Waste Systems Inc. Class A | 0.17% | 448,415 | $43.9M | Reduce -20.2% |
| JPM JPMorgan Chase & Co. | 0.17% | 133,813 | $43.1M | Add +0.5% |
| LOAR Loar Holdings Inc. | 0.17% | 628,012 | $42.7M | Reduce -6.0% |
| ACAD Acadia Pharmaceuticals Inc. | 0.16% | 1,559,962 | $41.7M | Reduce -0.5% |
| KLAC KLA Corp. | 0.16% | 33,442 | $40.6M | Reduce -0.2% |
| FBRX Forte Biosciences Inc. | 0.16% | 1,460,971 | $39.8M | Reduce -10.7% |
| COGT Cogent Biosciences Inc. | 0.15% | 1,102,181 | $39.1M | New |
| RDNT Radnet Inc. | 0.15% | 547,850 | $39.1M | Add +11.8% |
| BLDR Builders Firstsource Inc. | 0.15% | 375,723 | $38.7M | Add +252.8% |
| NCNO Ncino Inc. | 0.15% | 1,486,337 | $38.1M | Add +49.3% |
| GKOS Glaukos Corp. | 0.14% | 325,540 | $36.8M | Add +2.8% |
| ADPT Adaptive Biotechnologies | 0.14% | 2,245,418 | $36.5M | Reduce -10.7% |
| PGNY Progyny Inc. | 0.14% | 1,416,816 | $36.4M | Reduce -17.0% |
| CDTX Cidara Therapeutics Inc. | 0.14% | 164,575 | $36.4M | Reduce -67.3% |
| HLNE Hamilton Lane Inc. Class A | 0.14% | 261,525 | $35.2M | Add +29.8% |
| AGYS Agilysys Inc. | 0.14% | 295,053 | $35.1M | Reduce -15.5% |
| GWRE Guidewire Software Inc. | 0.14% | 173,068 | $34.8M | Reduce -6.2% |
| WGS Genedx Holdings Corp. | 0.14% | 266,636 | $34.7M | Reduce -25.4% |
| XMTR Xometry Inc. Class A | 0.14% | 580,734 | $34.5M | Reduce -18.8% |
| TKO Tko Group Holdings Inc. | 0.13% | 161,753 | $33.8M | Reduce -39.0% |
| STRL Sterling Infrastructure Inc. | 0.13% | 109,200 | $33.4M | Add +21.6% |
| SPHR Sphere Entertainment Co. | 0.13% | 350,846 | $33.4M | Add +370.2% |
| MS Morgan Stanley | 0.12% | 178,503 | $31.7M | Add +4.6% |
| SITE Siteone Landscape Supply Inc. | 0.12% | 252,268 | $31.4M | Reduce -29.5% |
| OLLI Ollie's Bargain Outlet Holdi | 0.12% | 274,210 | $30.1M | Add +11.5% |
| THC Tenet Healthcare Corp. | 0.12% | 148,117 | $29.4M | Add +51.8% |
| VCYT Veracyte Inc. | 0.10% | 633,894 | $26.7M | Reduce -17.4% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.10% | 1,068,555 | $26.5M | Reduce -7.1% |
| SPXC SPX Technologies Inc. | 0.10% | 131,954 | $26.4M | Reduce -4.5% |
| BLFS Biolife Solutions Inc. | 0.10% | 1,083,838 | $26.2M | Reduce -2.3% |
| GLXY Galaxy Digital Inc. Class A | 0.10% | 1,165,251 | $26.1M | Add +572.1% |
| ABBV Abbvie Inc. | 0.10% | 113,826 | $26.0M | Add +3.0% |
Options reported separately and not counted above: INVESCO QQQ TR puts ($449K), TRUMP MEDIA & TECHNOLOGY GRO puts ($326K), SPXC puts ($299K).
Portfolio Sells Q3 2025 → Q4 2025
| NBIS Nebius Group NV | Reduce -21.7% | 2.61% | −1.82 |
| RBLX Roblox Corp. Class A | Reduce -87.5% | 0.10% | −1.20 |
| APP AppLovin Corp. Class A | Reduce -11.6% | 4.42% | −0.87 |
| VRT Vertiv Holdings Co. Class A | Reduce -70.4% | 0.37% | −0.78 |
| HOOD Robinhood Markets Inc. Class A | Reduce -55.1% | 0.42% | −0.75 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 5.09% | −0.65 |
| SE Sea Ltd.-ADR | Reduce -4.1% | 1.38% | −0.62 |
| NFLX Netflix Inc. | Reduce -21.1% | 1.01% | −0.62 |
| ORCL Oracle Corp. | Reduce -95.6% | 0.02% | −0.57 |
| VST Vistra Corp. | Reduce -31.9% | 0.60% | −0.46 |
| SPOT Spotify Technology SA | Reduce -7.3% | 1.06% | −0.30 |
| NRG NRG Energy Inc. | Reduce -94.5% | 0.02% | −0.28 |
| V Visa Inc. Class A | Reduce -45.9% | 0.35% | −0.28 |
| QURE Uniqure NV | Reduce -73.3% | 0.03% | −0.26 |
| URI United Rentals Inc. | Reduce -82.8% | 0.04% | −0.25 |
| SNOW Snowflake Inc. | Reduce -67.6% | 0.09% | −0.19 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -10.8% | 0.85% | −0.19 |
| PINS Pinterest Inc. Class A | Reduce -97.1% | 0.00% | −0.16 |
| UAL United Airlines Holdings Inc. | Reduce -79.4% | 0.04% | −0.14 |
| EXAS Exact Sciences Corp. | Reduce -99.4% | 0.00% | −0.12 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -77.2% | 0.03% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -48.2% | 0.09% | −0.12 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.10 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.10 |
| DASH DoorDash Inc. Class A | Reduce -83.0% | 0.02% | −0.09 |
| TRNS Transcat Inc. | Sold out | 0.00% | −0.09 |
| COMP Compass Inc. Class A | Reduce -71.5% | 0.05% | −0.09 |
| QTWO Q2 Holdings Inc. | Reduce -76.9% | 0.03% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -59.5% | 0.05% | −0.08 |
| TKO Tko Group Holdings Inc. | Reduce -39.0% | 0.13% | −0.08 |
| OSCR Oscar Health Inc. Class A | Reduce -79.7% | 0.01% | −0.08 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.08 |
| FSLR First Solar Inc. | Reduce -97.0% | 0.00% | −0.07 |
| NTNX Nutanix Inc. Class A | Reduce -97.1% | 0.00% | −0.06 |
| PI Impinj Inc. | Reduce -62.7% | 0.03% | −0.06 |
| SITE Siteone Landscape Supply Inc. | Reduce -29.5% | 0.12% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Reduce -28.8% | 0.08% | −0.05 |
| ABT Abbott Laboratories | Reduce -65.9% | 0.03% | −0.05 |
| TMDX Transmedics Group Inc. | Reduce -79.9% | 0.01% | −0.05 |
| WMT Walmart Inc. | Reduce -42.5% | 0.09% | −0.05 |
| UPST Upstart Holdings Inc. | Reduce -10.8% | 0.17% | −0.05 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.05 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -94.3% | 0.00% | −0.05 |
| CDTX Cidara Therapeutics Inc. | Reduce -67.3% | 0.14% | −0.04 |
| AIR Aar Corp. | Reduce -12.2% | 0.20% | −0.04 |
| LOAR Loar Holdings Inc. | Reduce -6.0% | 0.17% | −0.04 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -94.3% | 0.00% | −0.04 |
| CDNA Caredx Inc. | Reduce -81.2% | 0.01% | −0.04 |
| ITRI Itron Inc. | Reduce -29.8% | 0.04% | −0.04 |
| SPSC SPS Commerce Inc. | Reduce -42.9% | 0.04% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +16.1% | 4.33% | +1.46 |
| GEV GE Vernova Inc. | Add +1554.4% | 1.10% | +1.04 |
| AMZN Amazon.com Inc. | Add +8.8% | 6.39% | +0.85 |
| AAPL Apple Inc. | Add +10.6% | 4.85% | +0.78 |
| ROKU Roku Inc. | Add +7087.7% | 0.60% | +0.60 |
| BIIB Biogen Inc. | Add +39074.8% | 0.55% | +0.55 |
| QXO Qxo Inc. | Add +75.4% | 1.20% | +0.53 |
| AVGO Broadcom Inc. | Add +7.3% | 3.90% | +0.46 |
| AZN Astrazeneca PLC-Spons ADR | Add +2297.8% | 0.48% | +0.46 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +497.4% | 0.48% | +0.44 |
| NVDA Nvidia Corp. | Add +3.0% | 11.19% | +0.40 |
| RGEN Repligen Corp. | Add +154.3% | 0.59% | +0.40 |
| DD Dupont DE Nemours Inc. | New | 0.38% | +0.38 |
| TSLA Tesla Inc. | Add +12.3% | 2.92% | +0.37 |
| RKT Rocket Cos Inc. Class A | Add +67.7% | 0.77% | +0.32 |
| ISRG Intuitive Surgical Inc. | Add +30.0% | 0.78% | +0.31 |
| MDB Mongodb Inc. | Add +7.3% | 0.92% | +0.29 |
| FIGR Figure Technology Solut Class A | New | 0.26% | +0.26 |
| U Unity Software Inc. | Add +17917.8% | 0.23% | +0.23 |
| SHOP Shopify Inc. Class A | Add +102.5% | 0.37% | +0.20 |
| UNH Unitedhealth Group Inc. | Add +913.6% | 0.18% | +0.16 |
| ASND Ascendis Pharma A/S | Add +106.3% | 0.29% | +0.16 |
| COGT Cogent Biosciences Inc. | New | 0.15% | +0.15 |
| LLY Eli Lilly & Co. | Add +5.0% | 0.42% | +0.14 |
| SPHR Sphere Entertainment Co. | Add +370.2% | 0.13% | +0.11 |
| BLDR Builders Firstsource Inc. | Add +252.8% | 0.15% | +0.10 |
| TPC Tutor Perini Corp. | Add +47.0% | 0.29% | +0.10 |
| LULU Lululemon Athletica Inc. | New | 0.10% | +0.10 |
| ALAB Astera Labs Inc. | Add +25.5% | 1.26% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +7.9% | 0.30% | +0.09 |
| LGN Legence Corp. Class A | New | 0.08% | +0.08 |
| MELI MercadoLibre Inc. | Add +30.8% | 0.68% | +0.08 |
| GLXY Galaxy Digital Inc. Class A | Add +572.1% | 0.10% | +0.08 |
| FTAI Ftai Aviation Ltd. | Add +15.1% | 0.29% | +0.08 |
| BAC Bank of America Corp. | New | 0.05% | +0.05 |
| BLTE Belite Bio Inc. - ADR | New | 0.05% | +0.05 |
| WRBY Warby Parker Inc. Class A | New | 0.05% | +0.05 |
| CCJ Cameco Corp. | Add +259.3% | 0.06% | +0.04 |
| NCNO Ncino Inc. | Add +49.3% | 0.15% | +0.04 |
| GKOS Glaukos Corp. | Add +2.8% | 0.14% | +0.04 |
| ECG Everus Construction Group | New | 0.04% | +0.04 |
| CDRE Cadre Holdings Inc. | Add +46.8% | 0.10% | +0.04 |
| FWRG First Watch Restaurant Group | Add +183.9% | 0.06% | +0.04 |
| MP MP Materials Corp. | Add +320.1% | 0.06% | +0.04 |
| THC Tenet Healthcare Corp. | Add +51.8% | 0.12% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +68.5% | 0.08% | +0.04 |
| BSX Boston Scientific Corp. | Add +11.2% | 0.41% | +0.04 |
| SMTC Semtech Corp. | Add +12.0% | 0.25% | +0.04 |
| KEYS Keysight Technologies Inc. | New | 0.03% | +0.03 |
| RBRK Rubrik Inc. Class A | Add +73.9% | 0.09% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| INVESCO QQQ TR | put | New | 39,000 | $449K |
| TRUMP MEDIA & TECHNOLOGY GRO | put | Reduce -13.9% | 18,500 | $326K |
| SPXC SPX Technologies Inc. | put | New | 4,000 | $299K |
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 |