FRED ALGER MANAGEMENT, LLC

CIK 0000003520 · Q1 2026

13F Equity AUM

$22.8B

-10.7% QoQ

Positions

444

-14 QoQ

AUM Rank

#378

Top 3%

Skill Alpha (FF)

+1.0%/yr^ns

No Clear Edge

Rank #1,620 · Top 20%

vs S&P +1.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 37.2%Top 10: 56.2%Top 20: 70.0%

NVDA12.6%

MSFT8.1%

AMZN6.5%

AAPL5.2%

GOOG4.8%

META4.5%

YNDX4.4%

AVGO4.0%

WDC3.2%

TSLA3.0%

Others (434)43.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology40.9%

Communication Services16.2%

Consumer Cyclical12.8%

Healthcare11.0%

Industrials8.2%

Utilities3.7%

Financial Services3.0%

Other4.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 444Median: 0.02%Avg: 0.23%

0–0.5%

415(23.9%)

0.5–1%

11(7.8%)

1–3%

9(15.0%)

3–5%

5(20.8%)

5%+

4(32.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 441Unique: 3vs 20 funds

6%Low

444

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

8.3%

BlackRock, Inc.

11%

BANK OF AMERICA CORP /DE/

9.2%

STATE STREET CORP

12.5%

GEODE CAPITAL MANAGEMENT, LLC

12.3%

JPMORGAN CHASE & CO

8.7%

VANGUARD CAPITAL MANAGEMENT LLC

12.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

14.4%

FMR LLC

13.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New65Increased106Decreased259Exited80

New Positions

AZN0.7%

+769K

ANET0.4%

+683K

EquipmentShare.com, …0.2%

+2.5M

VEEV0.2%

+222K

LRN0.1%

+326K

DOCN0.1%

+345K

SIMO0.1%

+161K

MIR0.1%

+910K

LNG0.1%

+51K

LNTH0.1%

+136K

Increased

QXO1.9%

+6.5M(+41%)

FIGR0.6%

+2.2M(+133%)

YNDX4.4%

+1.7M(+21%)

ARWR0.9%

+1.5M(+82%)

DNTH0.4%

+1.1M(+3373%)

NVDA12.6%

+1.1M(+7%)

MGY0.2%

+1.0M(+594%)

GFL1.1%

+995K(+20%)

ROIV0.1%

+813K(+727%)

ALAB1.2%

+638K(+33%)

Decreased

U0.0%

-1,319,913(-99%)

FWONK0.1%

-1,074,927(-85%)

GLXY0.0%

-1,073,668(-92%)

PGNY0.0%

-819,997(-58%)

VST0.1%

-803,717(-85%)

NFLX0.9%

-719,070(-26%)

OWL0.0%

-681,550(-94%)

MEG0.0%

-680,561(-64%)

TLN1.7%

-618,141(-34%)

FA0.1%

-554,972(-36%)

Exited

-1,318,719

-375,723

-164,575

-105,532

-134,569

-834,043

-381,119

-48,672

-1,270,563

-98,634

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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