Alphabet Inc. (GOOG), A Top Performer in Alger Spectra’s Q1 2021 Portfolio
Alger, an investment management firm, published its “Alger Spectra Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alger Spectra Fund, in their Q1 2021 investor letter, mentioned Alphabet Inc. (NASDAQ: GOOG) and shared their insights on the company. Alphabet Inc. is a Mountain View, California-based holding company that currently has a $1.5 trillion market capitalization. Since the beginning of the year, GOOG delivered a 29.39% return, extending its 12-month gains to 97.74%. As of April 16, 2021, the stock closed at $2,297.76 per share.