Fred Alger Management Inc Buys NVIDIA Corp, Netflix Inc, Lowe's Inc, Sells Abbott Laboratories, Dollar Tree Inc, Salesforce.com Inc

Author's Avatar
May 15, 2020
Article's Main Image
New York, NY, based Investment company Fred Alger Management Inc (Current Portfolio) buys NVIDIA Corp, Netflix Inc, Lowe's Inc, Starbucks Corp, Novartis AG, sells Abbott Laboratories, Dollar Tree Inc, Salesforce.com Inc, TransDigm Group Inc, Adobe Inc during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Fred Alger Management Inc. As of 2020Q1, Fred Alger Management Inc owns 543 stocks with a total value of $22.7 billion. These are the details of the buys and sells.

For the details of FRED ALGER MANAGEMENT INC's stock buys and sells, go to https://www.gurufocus.com/guru/fred+alger+management+inc/current-portfolio/portfolio

These are the top 5 holdings of FRED ALGER MANAGEMENT INC
  1. Microsoft Corp (MSFT) - 9,925,265 shares, 6.89% of the total portfolio. Shares reduced by 11.3%
  2. Amazon.com Inc (AMZN) - 686,504 shares, 5.89% of the total portfolio. Shares added by 3.05%
  3. Apple Inc (AAPL) - 3,652,273 shares, 4.09% of the total portfolio. Shares added by 6.58%
  4. Visa Inc (V) - 5,156,010 shares, 3.66% of the total portfolio. Shares reduced by 4.46%
  5. Alibaba Group Holding Ltd (BABA) - 3,863,036 shares, 3.31% of the total portfolio. Shares reduced by 0.9%
New Purchase: Progyny Inc (PGNY)

Fred Alger Management Inc initiated holding in Progyny Inc. The purchase prices were between $16.47 and $35.6, with an estimated average price of $27.61. The stock is now traded at around $25.04. The impact to a portfolio due to this purchase was 0.19%. The holding were 2,009,533 shares as of .

New Purchase: AtriCure Inc (ATRC)

Fred Alger Management Inc initiated holding in AtriCure Inc. The purchase prices were between $24.49 and $43.84, with an estimated average price of $36.06. The stock is now traded at around $47.26. The impact to a portfolio due to this purchase was 0.19%. The holding were 1,263,408 shares as of .

New Purchase: Monolithic Power Systems Inc (MPWR)

Fred Alger Management Inc initiated holding in Monolithic Power Systems Inc. The purchase prices were between $135.22 and $191.43, with an estimated average price of $171.91. The stock is now traded at around $195.66. The impact to a portfolio due to this purchase was 0.18%. The holding were 241,661 shares as of .

New Purchase: Flex Ltd (FLEX)

Fred Alger Management Inc initiated holding in Flex Ltd. The purchase prices were between $5.88 and $13.82, with an estimated average price of $11.56. The stock is now traded at around $9.22. The impact to a portfolio due to this purchase was 0.14%. The holding were 3,681,410 shares as of .

New Purchase: GrubHub Inc (GRUB)

Fred Alger Management Inc initiated holding in GrubHub Inc. The purchase prices were between $30.13 and $58.57, with an estimated average price of $49.27. The stock is now traded at around $54.62. The impact to a portfolio due to this purchase was 0.12%. The holding were 695,650 shares as of .

New Purchase: RealPage Inc (RP)

Fred Alger Management Inc initiated holding in RealPage Inc. The purchase prices were between $42.69 and $64.38, with an estimated average price of $57.01. The stock is now traded at around $64.49. The impact to a portfolio due to this purchase was 0.09%. The holding were 401,295 shares as of .

Added: NVIDIA Corp (NVDA)

Fred Alger Management Inc added to a holding in NVIDIA Corp by 99.31%. The purchase prices were between $196.4 and $314.7, with an estimated average price of $252.63. The stock is now traded at around $326.34. The impact to a portfolio due to this purchase was 0.87%. The holding were 1,508,064 shares as of .

Added: Netflix Inc (NFLX)

Fred Alger Management Inc added to a holding in Netflix Inc by 249.52%. The purchase prices were between $298.84 and $387.78, with an estimated average price of $353.51. The stock is now traded at around $445.93. The impact to a portfolio due to this purchase was 0.84%. The holding were 710,363 shares as of .

Added: Lowe's Companies Inc (LOW)

Fred Alger Management Inc added to a holding in Lowe's Companies Inc by 967.24%. The purchase prices were between $65.02 and $126.57, with an estimated average price of $109.88. The stock is now traded at around $111.80. The impact to a portfolio due to this purchase was 0.65%. The holding were 1,891,030 shares as of .

Added: Starbucks Corp (SBUX)

Fred Alger Management Inc added to a holding in Starbucks Corp by 322.41%. The purchase prices were between $56.33 and $93.75, with an estimated average price of $81.31. The stock is now traded at around $74.03. The impact to a portfolio due to this purchase was 0.4%. The holding were 1,841,047 shares as of .

Added: Novartis AG (NVS)

Fred Alger Management Inc added to a holding in Novartis AG by 209.48%. The purchase prices were between $70.67 and $99.01, with an estimated average price of $89.54. The stock is now traded at around $83.73. The impact to a portfolio due to this purchase was 0.38%. The holding were 1,530,180 shares as of .

Added: CrowdStrike Holdings Inc (CRWD)

Fred Alger Management Inc added to a holding in CrowdStrike Holdings Inc by 163.78%. The purchase prices were between $33.01 and $66.04, with an estimated average price of $56.61. The stock is now traded at around $77.73. The impact to a portfolio due to this purchase was 0.34%. The holding were 2,191,458 shares as of .

Sold Out: Dermira Inc (DERM)

Fred Alger Management Inc sold out a holding in Dermira Inc. The sale prices were between $14.65 and $19.19, with an estimated average price of $18.32.

Sold Out: Marvell Technology Group Ltd (MRVL)

Fred Alger Management Inc sold out a holding in Marvell Technology Group Ltd. The sale prices were between $17.25 and $28.49, with an estimated average price of $24.1.

Sold Out: Schlumberger Ltd (SLB)

Fred Alger Management Inc sold out a holding in Schlumberger Ltd. The sale prices were between $12.05 and $40.82, with an estimated average price of $29.34.

Sold Out: Datadog Inc (DDOG)

Fred Alger Management Inc sold out a holding in Datadog Inc. The sale prices were between $28.96 and $50.01, with an estimated average price of $41.25.

Sold Out: Masco Corp (MAS)

Fred Alger Management Inc sold out a holding in Masco Corp. The sale prices were between $27.53 and $49.9, with an estimated average price of $43.85.

Sold Out: InterXion Holding NV (INXN)

Fred Alger Management Inc sold out a holding in InterXion Holding NV. The sale prices were between $76 and $96.63, with an estimated average price of $88.47.



Here is the complete portfolio of FRED ALGER MANAGEMENT INC. Also check out:

1. FRED ALGER MANAGEMENT INC's Undervalued Stocks
2. FRED ALGER MANAGEMENT INC's Top Growth Companies, and
3. FRED ALGER MANAGEMENT INC's High Yield stocks
4. Stocks that FRED ALGER MANAGEMENT INC keeps buying