3 months ago
Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) as a notable contributor. Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) is a civil contracting company focused on site development and infrastructure services. On July 20, 2026, Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) closed at $69.25 per share. One-month return of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) was -4.78%, and YTD its shares gained 186.39%. Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) has a market capitalization of $1.38 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) in its Q2 2026 investor update:
"Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) provides infrastructure services across residential, commercial, industrial, municipal, and state markets, including water, sewer, and stormwater installations, as well as grading, site clearing, erosion control, paving, and other related site services. The company benefits from demand for essential infrastructure work and has continued to expand its capabilities through organic growth and recent acquisitions. During the quarter, shares contributed positively to performance after the company reported strong first-quarter results that were consistent with management's recent positive commentary. Investor sentiment was further supported by robust organic growth, continued momentum in its mature Raleigh market, and the view that full-year guidance may prove conservative given the company's current operating trajectory."
#cardinal #group #quarter
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) as a notable contributor. Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) is a civil contracting company focused on site development and infrastructure services. On July 20, 2026, Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) closed at $69.25 per share. One-month return of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) was -4.78%, and YTD its shares gained 186.39%. Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) has a market capitalization of $1.38 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) in its Q2 2026 investor update:
"Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) provides infrastructure services across residential, commercial, industrial, municipal, and state markets, including water, sewer, and stormwater installations, as well as grading, site clearing, erosion control, paving, and other related site services. The company benefits from demand for essential infrastructure work and has continued to expand its capabilities through organic growth and recent acquisitions. During the quarter, shares contributed positively to performance after the company reported strong first-quarter results that were consistent with management's recent positive commentary. Investor sentiment was further supported by robust organic growth, continued momentum in its mature Raleigh market, and the view that full-year guidance may prove conservative given the company's current operating trajectory."
#cardinal #group #quarter
3 months ago
Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Silicon Motion Technology Corporation (NASDAQ:SIMO) as a notable contributor. Silicon Motion Technology Corporation (NASDAQ:SIMO) is a leading provider of NAND flash controllers for solid-state drivers and related devices. On July 20, 2026, Silicon Motion Technology Corporation (NASDAQ:SIMO) closed at $252.61 per share, reflecting a market capitalization of $8.57 billion. Silicon Motion Technology Corporation (NASDAQ:SIMO) posted a one-month return of -15.48%, while its shares gained 251.53% over the past 52 weeks.
Alger Weatherbie Specialized Growth Fund stated the following regarding Silicon Motion Technology Corporation (NASDAQ:SIMO) in its Q2 2026 investor update:
"Silicon Motion Technology Corporation (NASDAQ:SIMO) develops and supplies semiconductor products used across the electronics market, including flash controllers and storage solutions for solid-state drives, smartphones, data center applications, and other connected devices. The company holds a strong position in NAND flash controllers and continues to benefit from demand for higher performance storage as devices and infrastructure require faster, more efficient data management. We believe the company's share gains across end markets, including data center applications tied to AI-related workloads, reflect continued demand for its storage solutions and a strengthening competitive position. During the quarter, shares contributed positively to performance after the company delivered strong operating results that exceeded expectations, supported by accelerating revenue growth, solid profitability, and disciplined expense management. Investor sentiment was further supported by an improved management outlook, reinforcing confidence in the compa
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Silicon Motion Technology Corporation (NASDAQ:SIMO) as a notable contributor. Silicon Motion Technology Corporation (NASDAQ:SIMO) is a leading provider of NAND flash controllers for solid-state drivers and related devices. On July 20, 2026, Silicon Motion Technology Corporation (NASDAQ:SIMO) closed at $252.61 per share, reflecting a market capitalization of $8.57 billion. Silicon Motion Technology Corporation (NASDAQ:SIMO) posted a one-month return of -15.48%, while its shares gained 251.53% over the past 52 weeks.
Alger Weatherbie Specialized Growth Fund stated the following regarding Silicon Motion Technology Corporation (NASDAQ:SIMO) in its Q2 2026 investor update:
"Silicon Motion Technology Corporation (NASDAQ:SIMO) develops and supplies semiconductor products used across the electronics market, including flash controllers and storage solutions for solid-state drives, smartphones, data center applications, and other connected devices. The company holds a strong position in NAND flash controllers and continues to benefit from demand for higher performance storage as devices and infrastructure require faster, more efficient data management. We believe the company's share gains across end markets, including data center applications tied to AI-related workloads, reflect continued demand for its storage solutions and a strengthening competitive position. During the quarter, shares contributed positively to performance after the company delivered strong operating results that exceeded expectations, supported by accelerating revenue growth, solid profitability, and disciplined expense management. Investor sentiment was further supported by an improved management outlook, reinforcing confidence in the compa
3 months ago
Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Hamilton Lane Incorporated (NASDAQ:HLNE). Hamilton Lane Incorporated (NASDAQ:HLNE), a private equity and venture capital firm, detracted from the performance during the quarter. On July 20, 2026, Hamilton Lane Incorporated (NASDAQ:HLNE) closed at $84.60 per share, reflecting a market capitalization of $4.69 billion. Hamilton Lane Incorporated (NASDAQ:HLNE) posted a one-month return of 11.86%, while its shares lost 45.16% over the past 52 weeks.
Alger Weatherbie Specialized Growth Fund stated the following regarding Hamilton Lane Incorporated (NASDAQ:HLNE) in its Q2 2026 investor update:
"Hamilton Lane Incorporated (NASDAQ:HLNE) is a private markets investment firm that provides customized investment solutions, advisory services, and data driven tools to institutional and private wealth clients. The company benefits from a diversified platform across private markets, long-standing client relationships, and a growing evergreen business that broadens access to individual investors. During the quarter, shares detracted from performance as broader concerns around private credit and software exposure within private equity portfolios continued to weigh on sentiment across the alternative ***** et management industry. While these concerns pressured the stock, we believe Hamilton Lane's diversified portfolio exposure helps make the risks manageable."
#hamilton #hlne #weatherbie
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Hamilton Lane Incorporated (NASDAQ:HLNE). Hamilton Lane Incorporated (NASDAQ:HLNE), a private equity and venture capital firm, detracted from the performance during the quarter. On July 20, 2026, Hamilton Lane Incorporated (NASDAQ:HLNE) closed at $84.60 per share, reflecting a market capitalization of $4.69 billion. Hamilton Lane Incorporated (NASDAQ:HLNE) posted a one-month return of 11.86%, while its shares lost 45.16% over the past 52 weeks.
Alger Weatherbie Specialized Growth Fund stated the following regarding Hamilton Lane Incorporated (NASDAQ:HLNE) in its Q2 2026 investor update:
"Hamilton Lane Incorporated (NASDAQ:HLNE) is a private markets investment firm that provides customized investment solutions, advisory services, and data driven tools to institutional and private wealth clients. The company benefits from a diversified platform across private markets, long-standing client relationships, and a growing evergreen business that broadens access to individual investors. During the quarter, shares detracted from performance as broader concerns around private credit and software exposure within private equity portfolios continued to weigh on sentiment across the alternative ***** et management industry. While these concerns pressured the stock, we believe Hamilton Lane's diversified portfolio exposure helps make the risks manageable."
#hamilton #hlne #weatherbie
3 months ago
Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted DigitalOcean Holdings, Inc. (NYSE:DOCN). DigitalOcean Holdings, Inc. (NYSE:DOCN) is a leading cloud infrastructure company that helps AI and Digital Native Enterprises build, run, and scale intelligent applications for growing technology companies. On July 20, 2026, DigitalOcean Holdings, Inc. (NYSE:DOCN) closed at $119.09 per share, reflecting a market capitalization of $13.92 billion. DigitalOcean Holdings, Inc. (NYSE:DOCN) posted a one-month return of -24.23%, while its shares gained 313.79% over the past 52 weeks.
Alger Weatherbie Specialized Growth Fund stated the following regarding DigitalOcean Holdings, Inc. (NYSE:DOCN) in its Q2 2026 investor update:
"DigitalOcean Holdings, Inc. (NYSE:DOCN) is a cloud infrastructure provider that offers computing, storage, networking, and related services to developers, startups, and businesses across multiple geographies. The company has differentiated itself through a simplified, developer-friendly platform and is increasingly positioning itself as a cloud provider purpose-built for inference and agentic AI workloads. We believe DigitalOcean is benefiting from the early stages of this demand cycle, as customers look for cloud infrastructure that is easier to use and better aligned with emerging AI applications. During the quarter, shares contributed positively to performance after the company delivered strong operating results and raised its revenue outlook for both 2026 and 2027. Investor sentiment was further supported by accelerating momentum in AI-related customer demand and the view that stronger fundamentals, rather than multiple expansion alone, helped drive the company's strong share price appreciation."
#digitalocean #holdings #docn #weatherbie
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted DigitalOcean Holdings, Inc. (NYSE:DOCN). DigitalOcean Holdings, Inc. (NYSE:DOCN) is a leading cloud infrastructure company that helps AI and Digital Native Enterprises build, run, and scale intelligent applications for growing technology companies. On July 20, 2026, DigitalOcean Holdings, Inc. (NYSE:DOCN) closed at $119.09 per share, reflecting a market capitalization of $13.92 billion. DigitalOcean Holdings, Inc. (NYSE:DOCN) posted a one-month return of -24.23%, while its shares gained 313.79% over the past 52 weeks.
Alger Weatherbie Specialized Growth Fund stated the following regarding DigitalOcean Holdings, Inc. (NYSE:DOCN) in its Q2 2026 investor update:
"DigitalOcean Holdings, Inc. (NYSE:DOCN) is a cloud infrastructure provider that offers computing, storage, networking, and related services to developers, startups, and businesses across multiple geographies. The company has differentiated itself through a simplified, developer-friendly platform and is increasingly positioning itself as a cloud provider purpose-built for inference and agentic AI workloads. We believe DigitalOcean is benefiting from the early stages of this demand cycle, as customers look for cloud infrastructure that is easier to use and better aligned with emerging AI applications. During the quarter, shares contributed positively to performance after the company delivered strong operating results and raised its revenue outlook for both 2026 and 2027. Investor sentiment was further supported by accelerating momentum in AI-related customer demand and the view that stronger fundamentals, rather than multiple expansion alone, helped drive the company's strong share price appreciation."
#digitalocean #holdings #docn #weatherbie
3 months ago
Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund mentioned stocks like Planet Fitness, Inc. (NYSE:PLNT). Planet Fitness, Inc. (NYSE:PLNT) a US-based franchise that operates fitness centers under the Planet Fitness brand, detracted from the Fund's performance during the quarter. On July 20, 2026, Planet Fitness, Inc. (NYSE:PLNT) closed at $55.25 per share. One-month return of Planet Fitness, Inc. (NYSE:PLNT) was 6.58%, and its shares lost 51.34% over the past 52 weeks. Planet Fitness, Inc. (NYSE:PLNT) has a market capitalization of $4.38 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Planet Fitness, Inc. (NYSE:PLNT) in its Q2 2026 investor update:
"Planet Fitness, Inc. (NYSE:PLNT) is one of the largest fitness club franchisors in the world, operating a budget-friendly gym model built around low monthly dues, broad accessibility, and a welcoming brand position. We believe the company benefits from a capital-light franchise structure, strong brand recognition, and a meaningful long-term opportunity to expand its club base both in the U.S. and internationally. During the quarter, shares detracted from performance after the company lowered both its revenue and earnings outlook, as member sign-ups fell short of internal expectations following a recent brand repositioning. Sentiment was also pressured by management transition concerns, including the departure of the Chief Financial Officer, as well as broader pressure on discretionary consumer spending."
#planet #plnt
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund mentioned stocks like Planet Fitness, Inc. (NYSE:PLNT). Planet Fitness, Inc. (NYSE:PLNT) a US-based franchise that operates fitness centers under the Planet Fitness brand, detracted from the Fund's performance during the quarter. On July 20, 2026, Planet Fitness, Inc. (NYSE:PLNT) closed at $55.25 per share. One-month return of Planet Fitness, Inc. (NYSE:PLNT) was 6.58%, and its shares lost 51.34% over the past 52 weeks. Planet Fitness, Inc. (NYSE:PLNT) has a market capitalization of $4.38 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Planet Fitness, Inc. (NYSE:PLNT) in its Q2 2026 investor update:
"Planet Fitness, Inc. (NYSE:PLNT) is one of the largest fitness club franchisors in the world, operating a budget-friendly gym model built around low monthly dues, broad accessibility, and a welcoming brand position. We believe the company benefits from a capital-light franchise structure, strong brand recognition, and a meaningful long-term opportunity to expand its club base both in the U.S. and internationally. During the quarter, shares detracted from performance after the company lowered both its revenue and earnings outlook, as member sign-ups fell short of internal expectations following a recent brand repositioning. Sentiment was also pressured by management transition concerns, including the departure of the Chief Financial Officer, as well as broader pressure on discretionary consumer spending."
#planet #plnt
3 months ago
Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Artivion, Inc. (NYSE:AORT). Artivion, Inc. (NYSE:AORT) is a global manufacturer and distributor of medical devices and implantable human tissues. On July 20, 2026, Artivion, Inc. (NYSE:AORT) closed at $25.37 per share. One-month return of Artivion, Inc. (NYSE:AORT) was 22.68%, and its shares lost 16.55% over the past 52 weeks. Artivion, Inc. (NYSE:AORT) has a market capitalization of $1.23 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Artivion, Inc. (NYSE:AORT) in its Q2 2026 investor update:
"Artivion, Inc. (NYSE:AORT) manufactures, processes, and distributes medical devices and implantable human tissues used in cardiac and vascular surgical procedures, with a focus on treating patients with aortic disease. The company's portfolio includes established products as well as newer technologies designed to improve outcomes in complex cardiovascular procedures. During the quarter, shares detracted from performance after the company reported in-line first-quarter results but modestly lowered its full-year outlook, primarily due to slower-than-expected starter set sales for AMDS, its key new product cycle."
Artivion, Inc. (NYSE:AORT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 28 hedge fund portfolios held Artivion, Inc. (NYSE:AORT) at the end of the first quarter, up from 25 in the previous quarter. Artivion, Inc. (NYSE:AORT) delivered total revenue of $116.3 million in Q1 2026, an increase of 12% on a non-GAAP constant currency basis. While we acknowledge the potential of Artivion, Inc. (NYSE:AORT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If y
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Artivion, Inc. (NYSE:AORT). Artivion, Inc. (NYSE:AORT) is a global manufacturer and distributor of medical devices and implantable human tissues. On July 20, 2026, Artivion, Inc. (NYSE:AORT) closed at $25.37 per share. One-month return of Artivion, Inc. (NYSE:AORT) was 22.68%, and its shares lost 16.55% over the past 52 weeks. Artivion, Inc. (NYSE:AORT) has a market capitalization of $1.23 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Artivion, Inc. (NYSE:AORT) in its Q2 2026 investor update:
"Artivion, Inc. (NYSE:AORT) manufactures, processes, and distributes medical devices and implantable human tissues used in cardiac and vascular surgical procedures, with a focus on treating patients with aortic disease. The company's portfolio includes established products as well as newer technologies designed to improve outcomes in complex cardiovascular procedures. During the quarter, shares detracted from performance after the company reported in-line first-quarter results but modestly lowered its full-year outlook, primarily due to slower-than-expected starter set sales for AMDS, its key new product cycle."
Artivion, Inc. (NYSE:AORT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 28 hedge fund portfolios held Artivion, Inc. (NYSE:AORT) at the end of the first quarter, up from 25 in the previous quarter. Artivion, Inc. (NYSE:AORT) delivered total revenue of $116.3 million in Q1 2026, an increase of 12% on a non-GAAP constant currency basis. While we acknowledge the potential of Artivion, Inc. (NYSE:AORT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If y
