Fred Alger Management's Q2 Activity: Heavy Investments in Tech Stocks
Fred Alger Management, LLC increased its holdings significantly during Q1 2026, focusing on Technology stocks like QXO and NVO while reducing exposure to others.
As of March 31, 2026, Fred Alger Management, LLC has shown notable activity in its portfolio. The investment firm appears to have focused heavily on acquiring shares during this quarter.
The most significant purchase was QXO Inc., which saw a substantial increase of approximately 22.13% in holdings from the previous period. This suggests strong confidence in QXO, Inc.. Similarly, NVO experienced a complete buy-in during this quarter as it was added to the portfolio with no prior allocation recorded for Fred Alger Management, LLC.
Other notable additions include AVGO (Broadcom), which increased its share count by 8.2%, and NVDA (NVIDIA) saw an increase of about 134k shares (+8.2%). The Technology sector remains a primary focus for the firm's buying activity, as evidenced by these moves.
On the selling side, Fred Alger Management divested from ALAB (Astera Labs), which experienced a sharp decline in its position due to a reduction of over 50% (-128k shares). This exit was substantial and indicates a strategic shift away from Astera Labs, Inc.. Additionally, the firm sold out MIR (Mirion Technologies) completely during this period.
Several other stocks saw significant reductions in their portfolio allocations. These include HOOD (-226k shares), FCX (Freeport-McMoRan), RKT (Rocket Companies), and ERAS (Erasca). While these were not complete exits, they represent substantial decreases from the previous quarter.
Overall, Fred Alger Management demonstrated a dynamic approach to investing during Q1 2026. The firm's portfolio now includes positions in various sectors including Technology, Consumer Cyclical, Communication Services, Healthcare, and Energy, reflecting its diverse investment strategy.