Alger Concentrated Equity ETF Q3 2026 Portfolio Update

Impact · against what's priced in

The portfolio update provides no material catalyst for Microsoft or Meta, as their roles as performance contributors align with existing market expectations. Other mentioned names lack specific fundamental updates beyond their impact on the ETF's quarterly return.

META+0.00

Already priced in

The price assumes

Revenue growth decelerating from 22.2% to roughly 13% annually

Positive contribution to ETF performance is consistent with the baseline growth targets already baked into the current price.