Fred Alger Management Inc Buys Broadcom Inc, UnitedHealth Group Inc, PayPal Holdings Inc, Sells Bank of America Corporation, AbbVie Inc, ServiceNow Inc

• New Purchases: AVGO, ADP, AVLR, CYRX, NTRA, BL, GSKY, TIF, SQ, ALTR,
• Added Positions: UNH, PYPL, UNP, BA, VMC, V, AMAT, SPGI, SHW, PGR,
• Reduced Positions: BAC, ABBV, NOW, CMCSA, EA, GD, AAPL, AMZN, WMT, MCHP,
• Sold Out: IP, FBHS, IQ, DY, MSCC, LULU, CHUBA, ITUB, PH, HUBB,

For the details of FRED ALGER MANAGEMENT INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=FRED+ALGER+MANAGEMENT+INC

1. Amazon.com Inc (AMZN) - 1,074,622 shares, 7.67% of the total portfolio. Shares reduced by 4.86%
2. Microsoft Corp (MSFT) - 15,585,503 shares, 6.45% of the total portfolio. Shares reduced by 0.62%
3. Facebook Inc (FB) - 5,109,325 shares, 4.17% of the total portfolio. Shares reduced by 0.56%
4. Visa Inc (V) - 7,213,333 shares, 4.01% of the total portfolio. Shares added by 10.58%
5. Alphabet Inc (GOOG) - 815,361 shares, 3.82% of the total portfolio. Shares reduced by 1.88%

Fred Alger Management Inc initiated holding in Broadcom Inc. The purchase prices were between $225.25 and $270.23, with an estimated average price of $245.06. The stock is now traded at around $209.58. The impact to a portfolio due to this purchase was 1.94%. The holding were 1,908,699 shares as of 2018-06-30.

Fred Alger Management Inc initiated holding in Automatic Data Processing Inc. The purchase prices were between $113.3 and $140.34, with an estimated average price of $126.69. The stock is now traded at around $137.45. The impact to a portfolio due to this purchase was 0.23%. The holding were 401,960 shares as of 2018-06-30.

Fred Alger Management Inc initiated holding in Avalara Inc. The purchase prices were between $44.11 and $53.37, with an estimated average price of $47.56. The stock is now traded at around $42.30. The impact to a portfolio due to this purchase was 0.22%. The holding were 975,147 shares as of 2018-06-30.

Fred Alger Management Inc initiated holding in CryoPort Inc. The purchase prices were between $6.71 and $15.78, with an estimated average price of $10.61. The stock is now traded at around $15.59. The impact to a portfolio due to this purchase was 0.18%. The holding were 2,729,272 shares as of 2018-06-30.

Fred Alger Management Inc initiated holding in Natera Inc. The purchase prices were between $8.79 and $19.98, with an estimated average price of $12.17. The stock is now traded at around $23.07. The impact to a portfolio due to this purchase was 0.14%. The holding were 1,767,833 shares as of 2018-06-30.

Fred Alger Management Inc initiated holding in BlackLine Inc. The purchase prices were between $38 and $49.79, with an estimated average price of $42.27. The stock is now traded at around $46.71. The impact to a portfolio due to this purchase was 0.13%. The holding were 694,294 shares as of 2018-06-30.

Fred Alger Management Inc added to a holding in UnitedHealth Group Inc by 30.76%. The purchase prices were between $217.2 and $255.98, with an estimated average price of $240.1. The stock is now traded at around $255.55. The impact to a portfolio due to this purchase was 0.84%. The holding were 3,477,091 shares as of 2018-06-30.

Fred Alger Management Inc added to a holding in PayPal Holdings Inc by 2482.20%. The purchase prices were between $71.73 and $85.97, with an estimated average price of $79.66. The stock is now traded at around $87.52. The impact to a portfolio due to this purchase was 0.81%. The holding were 2,401,884 shares as of 2018-06-30.

Fred Alger Management Inc added to a holding in Union Pacific Corp by 89.63%. The purchase prices were between $130.02 and $147.02, with an estimated average price of $139.34. The stock is now traded at around $139.63. The impact to a portfolio due to this purchase was 0.78%. The holding were 2,791,161 shares as of 2018-06-30.

Fred Alger Management Inc added to a holding in Boeing Co by 85.00%. The purchase prices were between $322.44 and $371.56, with an estimated average price of $343.83. The stock is now traded at around $357.22. The impact to a portfolio due to this purchase was 0.74%. The holding were 1,134,934 shares as of 2018-06-30.

Fred Alger Management Inc added to a holding in Vulcan Materials Co by 56.26%. The purchase prices were between $110.92 and $133.24, with an estimated average price of $123.23. The stock is now traded at around $124.02. The impact to a portfolio due to this purchase was 0.51%. The holding were 2,644,635 shares as of 2018-06-30.

Fred Alger Management Inc added to a holding in Applied Materials Inc by 34.45%. The purchase prices were between $45.25 and $57.86, with an estimated average price of $51.56. The stock is now traded at around $47.72. The impact to a portfolio due to this purchase was 0.34%. The holding were 6,835,353 shares as of 2018-06-30.

Fred Alger Management Inc sold out a holding in International Paper Co. The sale prices were between $50.18 and $59.01, with an estimated average price of $53.96.

Fred Alger Management Inc sold out a holding in Fortune Brands Home & Security Inc. The sale prices were between $53.3 and $59.95, with an estimated average price of $56.76.

Fred Alger Management Inc sold out a holding in iQIYI Inc. The sale prices were between $15.67 and $44.2, with an estimated average price of $24.33.

Fred Alger Management Inc sold out a holding in Dycom Industries Inc. The sale prices were between $90.37 and $116.2, with an estimated average price of $102.5.

Fred Alger Management Inc sold out a holding in Microsemi Corp. The sale prices were between $62.08 and $68.74, with an estimated average price of $65.82.

Fred Alger Management Inc sold out a holding in Lululemon Athletica Inc. The sale prices were between $87.27 and $129.69, with an estimated average price of $106.66.

Fred Alger Management Inc reduced to a holding in Bank of America Corporation by 69.22%. The sale prices were between $28.19 and $31.22, with an estimated average price of $29.85. The stock is now traded at around $29.98. The impact to a portfolio due to this sale was -1.17%. Fred Alger Management Inc still held 3,721,900 shares as of 2018-06-30.

Fred Alger Management Inc reduced to a holding in AbbVie Inc by 98.79%. The sale prices were between $89.78 and $106.23, with an estimated average price of $97.64. The stock is now traded at around $92.71. The impact to a portfolio due to this sale was -0.81%. Fred Alger Management Inc still held 22,574 shares as of 2018-06-30.

Fred Alger Management Inc reduced to a holding in ServiceNow Inc by 96.77%. The sale prices were between $158 and $186.42, with an estimated average price of $173.2. The stock is now traded at around $191.43. The impact to a portfolio due to this sale was -0.54%. Fred Alger Management Inc still held 23,642 shares as of 2018-06-30.

Fred Alger Management Inc reduced to a holding in Comcast Corp by 97.84%. The sale prices were between $30.59 and $34.6, with an estimated average price of $32.61. The stock is now traded at around $35.23. The impact to a portfolio due to this sale was -0.5%. Fred Alger Management Inc still held 68,697 shares as of 2018-06-30.

Fred Alger Management Inc reduced to a holding in Electronic Arts Inc by 69.7%. The sale prices were between $116.68 and $146.65, with an estimated average price of $129.85. The stock is now traded at around $147.93. The impact to a portfolio due to this sale was -0.46%. Fred Alger Management Inc still held 357,195 shares as of 2018-06-30.

Fred Alger Management Inc reduced to a holding in General Dynamics Corp by 91.09%. The sale prices were between $185.89 and $225.96, with an estimated average price of $204.8. The stock is now traded at around $194.63. The impact to a portfolio due to this sale was -0.42%. Fred Alger Management Inc still held 39,829 shares as of 2018-06-30.