Alger Focus Equity Fund
ALAFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Pearl Street New York NY United States of America 10004
- IPO Date
- Dec 31, 2012
- CIK
- 0000911415
- Website
- alger.com
- Similar Companies
- Business
- Alger Focus Equity Fund (ALAFX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in U.S. equity securities of companies demonstrating growth potential. The fund focuses on mid- and large-cap stocks across diverse sectors including technology, healthcare, consumer discretionary, and industrials; it employs a bottom-up fundamental analysis approach emphasizing companies with strong competitive advantages, innovative products, and robust financials. Portfolio holdings typically include established growth names such as Microsoft Corp., NVIDIA Corp., and Eli Lilly & Co., with sector allocations dynamically adjusted based on market opportunities; the fund maintains a non-diversified portfolio to concentrate on high-conviction ideas. Fred Alger Management, LLC, founded in 1964 and headquartered in New York, serves as the investment adviser, bringing over 50 years of experience in growth equity investing across its suite of mutual funds, ETFs, and institutional strategies. The fund targets long-term investors seeking exposure to U.S. growth equities, with geographic operations centered in the United States and no significant international allocations. It is part of the Alger family of funds, which emphasizes a disciplined growth-at-a-reasonable-price (GARP) philosophy under the leadership of portfolio managers like Amy Daniels. In recent developments, the fund maintained strong performance amid market volatility in 2024-2025, benefiting from its overweight positions in artificial intelligence and biotechnology sectors; no major acquisitions, mergers, or structural changes were announced, though Alger Management continued to enhance its quantitative research capabilities and launched complementary strategies like the Alger AI Enabler ETF in late 2024. The fund experienced minor portfolio rebalancing in response to Federal Reserve rate adjustments and reported assets under management exceeding $500 million as of December 2025, reflecting sustained investor interest in growth-oriented vehicles.