FRED ALGER MANAGEMENT, LLC recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
360 PARK AVENUE SOUTH NEW YORK, NY 10010
As of the latest 13F report, the guru’s equity portfolio contained 516 stocks valued at a total of $18.45Bil. The top holdings were MSFT(7.26%), AMZN(3.36%), and AAPL(3.12%).
According to GuruFocus data, these were FRED ALGER MANAGEMENT, LLC’s top five trades of the quarter.
Tesla Inc
FRED ALGER MANAGEMENT, LLC reduced their investment in NAS:TSLA by 786,999 shares. The trade had a 1.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $189.34.
On 02/18/2023, Tesla Inc traded for a price of $208.31 per share and a market cap of $659.11Bil. The stock has returned -28.69% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Tesla Inc has a price-earnings ratio of 57.51, a price-book ratio of 14.74, a EV-to-Ebitda ratio of 35.27 and a price-sales ratio of 8.90.
The price-to-GF Value ratio is 0.52, earning the stock a GF Value rank of 4.
Amazon.com Inc
FRED ALGER MANAGEMENT, LLC reduced their investment in NAS:AMZN by 1,351,581 shares. The trade had a 0.77% impact on the equity portfolio. During the quarter, the stock traded for an average price of $98.78.
On 02/18/2023, Amazon.com Inc traded for a price of $97.2 per share and a market cap of $996.03Bil. The stock has returned -37.15% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Amazon.com Inc has a price-book ratio of 6.79, a EV-to-Ebitda ratio of 28.05 and a price-sales ratio of 1.92.
The price-to-GF Value ratio is 0.49, earning the stock a GF Value rank of 4.
MGM Resorts International
FRED ALGER MANAGEMENT, LLC reduced their investment in NYSE:MGM by 4,949,558 shares. The trade had a 0.74% impact on the equity portfolio. During the quarter, the stock traded for an average price of $34.63.
On 02/18/2023, MGM Resorts International traded for a price of $43.56 per share and a market cap of $16.51Bil. The stock has returned -0.25% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, MGM Resorts International has a price-earnings ratio of 12.89, a price-book ratio of 3.42, a EV-to-Ebitda ratio of 8.98 and a price-sales ratio of 1.35.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.
Apple Inc
FRED ALGER MANAGEMENT, LLC reduced their investment in NAS:AAPL by 956,663 shares. The trade had a 0.67% impact on the equity portfolio. During the quarter, the stock traded for an average price of $142.91.
On 02/18/2023, Apple Inc traded for a price of $152.55 per share and a market cap of $2,413.64Bil. The stock has returned -9.12% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Apple Inc has a price-earnings ratio of 25.90, a price-book ratio of 42.61, a price-earnings-to-growth (PEG) ratio of 1.49, a EV-to-Ebitda ratio of 19.46 and a price-sales ratio of 6.36.
The price-to-GF Value ratio is 0.89, earning the stock a GF Value rank of 7.
NVIDIA Corp
During the quarter, FRED ALGER MANAGEMENT, LLC bought 843,016 shares of NAS:NVDA for a total holding of 1,914,383. The trade had a 0.67% impact on the equity portfolio. During the quarter, the stock traded for an average price of $146.65.
On 02/18/2023, NVIDIA Corp traded for a price of $213.88 per share and a market cap of $526.14Bil. The stock has returned -12.66% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, NVIDIA Corp has a price-earnings ratio of 91.01, a price-book ratio of 24.73, a price-earnings-to-growth (PEG) ratio of 2.84, a EV-to-Ebitda ratio of 72.52 and a price-sales ratio of 18.92.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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