Alger Weatherbie Specialized Growth Fund’s Q3 2024 Investor Letter

Fred Alger Management, an investment management company, released its “Alger Weatherbie Specialized Growth Fund” third quarter 2024 investor letter. U.S. equities performed well in the third quarter of 2024, with the S&P 500 rising 5.89%. Utilities and Real Estate sectors outperformed relative to the index while the Energy and Information Technology sectors detracted. Against this backdrop, Class A shares of the fund underperformed the Russell 2500 Growth Index in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Alger Weatherbie Specialized Growth Fund’s Q3 2024 investor letter can be downloaded here.