Alger Small Cap Growth Institutional Fund Class I
ALSRX
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
- Nov 8, 1993
- CIK
- 0000911415
- Website
- alger.com
- Similar Companies
- Business
- Alger Small Cap Growth Institutional Fund Class I (ALSRX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of small-cap growth companies demonstrating promising growth potential through fundamental research-driven analysis. The fund normally allocates at least 80% of its net assets, plus any borrowings for investment purposes, to such U.S. small-cap equities identified as undergoing positive dynamic change; it maintains a diversified portfolio with top holdings including Chime Financial Inc., Gates Industrial Corp PLC, Q2 Holdings Inc., RBC Bearings Inc., and Guidewire Software Inc., representing approximately 17% of assets, alongside exposures to sectors like technology, industrials, and healthcare. Managed within the small growth category by portfolio managers Amy Zhang since February 2015 and Daniel Chung since January 2016, ALSRX features an institutional share class with a net expense ratio of 1.41%, total assets under management of approximately $72-75 million, and daily pricing, targeting institutional investors with no minimum initial investment. Alger Small Cap Growth Institutional Fund Class I operates as part of the broader Alger product suite offered by Alger Associates, Inc., a privately held growth equity investment manager founded in 1964 and headquartered in New York City. The fund focuses on U.S. domestic small-cap growth stocks, with minor non-U.S. equity exposure around 5%, cash holdings of about 2-3%, and a portfolio turnover rate of 49%; it is available for sale in the United States through brokerage platforms. In recent developments, parent firm Alger Group Holdings expanded its capabilities through the January 2024 acquisition of Redwood Investments, LLC, a Massachusetts-based global growth equity manager with over $1.6 billion in assets under management, enhancing international growth equity expertise while maintaining investment team autonomy. Additionally, in August 2025, Alger entered a strategic partnership with Waystone to provide third-party ManCo and supplementary services across the European Economic Area, adding approximately $600 million to Waystone's assets under management and supporting Alger's international distribution growth. These moves align with Alger's ongoing product innovations, including the 2024 launch of the Alger AI Enablers & Adopters strategy and expansion into exchange-traded funds.