ALGER CAPITAL APPRECIATION FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, ALGER CAPITAL APPRECIATION FUND held 85 positions with $2.67B in net assets. Its ten largest holdings made up 63.1% of the fund. The ACAAX share class costs 1.28% a year. Over the 12 months to May 2026, ACAAX returned 44.9%, with dividends reinvested. In 2026 Q3 it added 21 new positions and exited 23.
Alger Capital Appreciation Fund seeks long-term capital appreciation.
The fund invests at least 85% of assets in equity securities of companies exhibiting Positive Dynamic Change, either through high unit volume growth or positive lifecycle shifts such as new products, regulations, or management. The manager may engage in active trading and concentrate a significant portion of assets within single sectors including information technology, consumer discretionary, and communication services. Because the fund's returns depend on the manager's selection of securities demonstrating promised growth potential, performance will diverge from any benchmark if those selections underperform.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 13.19% | $352.69M | 1.8M | $199.57 |
MSFTMICROSOFT CORP | 8.69% | $232.27M | 569.6K | $407.78 |
AMZNAMAZON.COM INC | 7.86% | $210.07M | 792.5K | $265.06 |
AAPLAPPLE INC | 5.54% | $147.98M | 545.4K | $271.35 |
GOOGALPHABET INC | 5.39% | $144.19M | 377.5K | $381.94 |
5.13% | $137.04M | 224.0K | $611.91 | |
TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 4.65% | $124.41M | 314.1K | $396.06 |
AVGOBROADCOM INC | 4.52% | $120.79M | 289.4K | $417.43 |
4.29% | $114.79M | 264.2K | $434.52 | |
NEBIUS GROUP NV | 3.86% | $103.21M | 746.7K | $138.23 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 85 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.34% |
| Cash & short-term | 0.33% |
By sector
- Information Technology
- 46.7%
- International
- 13.2%
- Communication Services
- 10.2%
- Other
- 7.7%
- 8 other sectors
- 22.1%
- Information Technology
- 46.7%
- International
- 13.2%
- Communication Services
- 10.2%
- Other
- 7.7%
- Health Care
- 7.2%
- Consumer Discretionary
- 6.7%
- Industrials
- 3.4%
- Financials
- 2.5%
- Utilities
- 1.7%
- Real Estate
- 0.3%
- Materials
- 0.2%
- Consumer Staples
- 0.1%
How it has done
ACAAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 23.21%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.28% | +44.87% | +124.55% | +121.50% | -15.09% | |
| 2.05% | +43.76% | +121.33% | +120.55% | -15.20% | |
| 0.91% | +45.45% | +127.45% | +127.22% | -15.06% |
These classes hold the same portfolio, so the 6.67pp spread over 5 years is the cost difference between them — roughly 1.33pp a year — not a difference in what they own.
Fees & fund details
ALGER CAPITAL APPRECIATION FUND is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.91% – 2.05%· ACAAX 1.28%
- Portfolio turnover
- 75.90% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
21 new· the largest 8
23 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
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