Alger Concentrated Equity ETF Q1 2026 Portfolio Update
Fred Alger Management released its portfolio update for the Alger Concentrated Equity ETF covering the first quarter of 2026. The fund successfully outperformed the Russell 1000 Growth Index during this period, demonstrating strong relative performance in the growth equity sector. Key drivers of this positive outcome included significant contributions from holdings such as Western Digital Corporation, Nebius Group N.V., and GE Vernova Inc. These companies played a pivotal role in boosting the ETF's returns against the benchmark. Conversely, the fund faced headwinds from certain positions that acted as detractors to overall performance. Specifically, Microsoft Corporation, AppLovin Corp., and Sea Limited were identified as the primary sources of negative impact on the portfolio's results. As a privately held investment manager with $27.4 billion in assets, Fred Alger Management continues to emphasize its strategy of actively managing growth equity by navigating change and investing in innovation. This quarterly update provides investors with critical insights into the specific stock selections that influenced the fund's trajectory, highlighting both the successes in technology and industrial sectors and the challenges posed by other major tech holdings during the early months of 2026.
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Alger Concentrated Equity ETF Q1 2026 Portfolio Update
Fred Alger Management released its portfolio update for the Alger Concentrated Equity ETF covering the first quarter of 2026. The fund successfully outperformed the Russell 1000 Growth Index during this period, demonstrating strong relative performance in the growth equity sector. Key drivers of this positive outcome included significant contributions from holdings such as Western Digital Corporation, Nebius Group N.V., and GE Vernova Inc. These companies played a pivotal role in boosting the ETF's returns against the benchmark. Conversely, the fund faced headwinds from certain positions that acted as detractors to overall performance. Specifically, Microsoft Corporation, AppLovin Corp., and Sea Limited were identified as the primary sources of negative impact on the portfolio's results. As a privately held investment manager with $27.4 billion in assets, Fred Alger Management continues to emphasize its strategy of actively managing growth equity by navigating change and investing in innovation. This quarterly update provides investors with critical insights into the specific stock selections that influenced the fund's trajectory, highlighting both the successes in technology and industrial sectors and the challenges posed by other major tech holdings during the early months of 2026.
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