ALGER SPECTRA FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, ALGER SPECTRA FUND held 128 positions with $4.29B in net assets. Its ten largest holdings made up 65.4% of the fund. The SPECX share class costs 1.53% a year. Over the 12 months to May 2026, SPECX returned 40.8%, with dividends reinvested. In 2026 Q3 it added 48 new positions and exited 52.
Alger Spectra Fund seeks long-term capital appreciation.
The fund invests in equity securities of companies of any size that the manager identifies as undergoing Positive Dynamic Change, either through high unit volume growth or positive lifecycle shifts such as new regulations, product innovation, or management changes. The fund may sell securities short, use leverage to purchase additional securities, and concentrate significantly in single sectors including information technology, consumer discretionary, and communication services. Because performance depends on the manager's selection of companies demonstrating promised growth that may not materialize, results will diverge from broad market returns. The fund may hold up to 15% in cash during periods of market volatility or when attractive investments are unavailable.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 15.80% | $678.53M | 3.4M | $199.57 |
MSFTMICROSOFT CORP | 9.00% | $386.61M | 948.1K | $407.78 |
AMZNAMAZON.COM INC | 8.72% | $374.53M | 1.4M | $265.06 |
AAPLAPPLE INC | 6.09% | $261.58M | 964.0K | $271.35 |
5.62% | $241.38M | 394.5K | $611.91 | |
GOOGALPHABET INC | 4.71% | $202.23M | 529.5K | $381.94 |
AVGOBROADCOM INC | 4.11% | $176.60M | 423.1K | $417.43 |
NEBIUS GROUP NV | 4.06% | $174.38M | 1.3M | $138.23 |
TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 4.00% | $171.87M | 433.9K | $396.06 |
TSLATESLA INC | 3.28% | $140.86M | 369.1K | $381.63 |
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 128 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 | 100.93% |
| Cash & short-term | 0.10% |
| Derivatives | 0.01% |
Look-through blends 3 underlying funds; -2.271% of NAV was not looked through and stays direct-classified.
By sector
- Information Technology
- 46.0%
- International
- 14.0%
- Communication Services
- 8.8%
- Consumer Discretionary
- 6.9%
- 10 other sectors
- 24.4%
- Information Technology
- 46.0%
- International
- 14.0%
- Communication Services
- 8.8%
- Consumer Discretionary
- 6.9%
- Health Care
- 6.6%
- Industrials
- 6.3%
- Other
- 5.9%
- Utilities
- 2.5%
- Financials
- 1.8%
- Consumer Staples
- 0.5%
- Materials
- 0.4%
- Real Estate
- 0.3%
- Energy
- 0.2%
- Cash
- 0.0%
How it has done
SPECX share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.81%. 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 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.53% | +40.83% | +115.30% | +112.29% | -15.41% | |
| 2.30% | +39.73% | +112.06% | +111.22% | -15.54% | |
| 1.54% | +40.81% | +116.10% | +115.77% | -15.41% | |
| 1.18% | +41.33% | +117.93% | +117.61% | -15.36% | |
| 1.12% | +41.41% | +118.29% | +117.96% | -15.36% |
These classes hold the same portfolio, so the 6.74pp spread over 5 years is the cost difference between them — roughly 1.35pp a year — not a difference in what they own.
Fees & fund details
ALGER SPECTRA 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
- 1.12% – 2.30%· SPECX 1.53%
- Portfolio turnover
- 51.13% 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.
48 new· the largest 8
52 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:
- “Where do my funds overlap — SPECX, QQQ and the fund in my 401(k)?”
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