LongQXOJun 2026
QXO, Inc.
Alger views QXO as an attractive vehicle for consolidating the large and fragmented building-products distribution industry. The company is led by Brad Jacobs and is building a…
Alger Spectra Fund
Primarily invests in U.S. growth equities selected through fundamental research and may short sell up to approximately 10% of portfolio market value.$4.3B AUM8 published ideas
The Alger Spectra Fund is a growth-oriented equity strategy that combines long positions with a limited short book. It seeks long-term capital appreciation, may short up to approximately 10% of portfolio market value and uses the Russell 3000 Growth Index as its benchmark.
Ideas from Alger Spectra Fund
LongIRENJun 2026
IREN Limited
Alger's position in IREN is tied to the company's transition from Bitcoin-mining infrastructure toward AI cloud services and high-performance computing. Its access to large-scale…
ShortQCOMJun 2026
QUALCOMM Incorporated
Alger's short thesis on Qualcomm focused on slowing growth in the mature smartphone market and intensifying competition in the company's core chips and licensing businesses. The…
LongNBISJun 2026
Nebius Group N.V.
Alger sees Nebius as a specialized AI infrastructure company with a full-stack platform for GPU-accelerated cloud computing. The fund believes its vertically integrated…
LongALABJun 2026
Astera Labs, Inc.
Alger views Astera Labs as a central supplier to the AI infrastructure buildout because its connectivity products solve data-movement bottlenecks inside increasingly large server…
LongWDCJun 2026
Western Digital Corporation
Alger sees Western Digital benefiting from rising data-center investment and continued data proliferation. A highly consolidated HDD industry, the company's leading market…
ShortACNJun 2026
Accenture plc
Alger shorted Accenture on the view that generative and agentic AI can automate a meaningful share of work traditionally delivered by large consulting and technology-services…
LongGFLJun 2026
GFL Environmental Inc.
GFL is a major North American environmental-services provider with solid-waste collection, recycling and related operations across Canada and the United States…
Letters covered
- Alger Spectra Fund Commentary - 2nd Quarter 2026June 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.