Investment objective & strategy
As of April 22, 2025 · prospectusObjective. Alger Large Cap Growth Portfolio seeks long-term capital appreciation.
Strategy. The Manager believes companies undergoing Positive Dynamic Change offer the best opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management. The Portfolio focuses on growing companies that generally have broad product lines, markets, financial resources and depth of management. Under normal circumstances, the Portfolio invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have a market capitalization equal to or greater … The Manager believes companies undergoing Positive Dynamic Change offer the best opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management. The Portfolio focuses on growing companies that generally have broad product lines, markets, financial resources and depth of management. Under normal circumstances, the Portfolio invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the Russell 1000 Growth Index. This index is designed to track the performance of large-capitalization growth stocks. At December 31, 2024, the market capitalization of the companies in this index ranged from $1.67 billion to $3.79 trillion. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. The Portfolio may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result, the Portfolio may engage in active trading of portfolio securities. The Portfolio may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including, but not limited to, the information technology, communication services, consumer discretionary, and industrials sectors. The Portfolio can invest in foreign securities. The Portfolio may invest in cash (and cash equivalents) when the Portfolio is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Portfolios net assets.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $36.40M | 9.46% |
| ALPHABET INC CL C | — | $28.74M | 7.47% |
| AMAZON.COM INC | — | $23.21M | 6.04% |
| Nebius Group NV, Class A | YNDX | $20.51M | 5.33% |
| MICROSOFT CORP | — | $19.06M | 4.96% |
| WESTERN DIGITAL CORP | — | $15.79M | 4.11% |
| META PLATFORMS INC CL A | — | $14.67M | 3.81% |
| BROADCOM INC | — | $14.53M | 3.78% |
| GE VERNOVA LLC | — | $13.48M | 3.50% |
| NETFLIX INC | — | $12.84M | 3.34% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Alger Capital Appreciation Portfolio · ALVOX | 62% | 0.93% |
| ALGER CAPITAL APPRECIATION INSTITUTIONAL FUND · ALARX, ACARX, ACIZX, ACAYX | 62% | 0.87% |
| ALGER FOCUS EQUITY FUND · ALGRX, ALAFX, ALCFX, ALZFX, ALGYX | 61% | 0.61% |
Advisers
| Firm | Role |
|---|---|
| Fred Alger Management, Inc. | Adviser |
Footnotes
- Expense ratio as of April 22, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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