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.
5 Best Biotech Stocks To Buy For 2021
5. Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)
Vertex Pharmaceuticals (NASDAQ: VRTX) is a Boston-based firm that aims to develop and manufacture transformative medicine for people with serious diseases. It has a market cap of well over $55 billion and generates an annual revenue of well over $6 billion. In fact, in 2020, the revenue soared 50% compared to the previous year. The company enjoys a monopoly in treating cystic fibrosis and presently markets four drugs related to the disease. A new drug in this group has soared to incredible highs in the US and is now slated for worldwide growth.
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Alger Spectra: “Alibaba (BABA)’s Shares Detracted From Our Portfolio Performance”
Alger, an investment management firm, published its ‘Alger Spectra Fund’ fourth quarter 2020 investor letter – a copy of which can be downloaded here. In the letter, the fund highlighted their largest portfolio sector weightings, which is in Information Technology and Consumer Discretionary sector, with their comments on notable companies. The Communication Services sector together with the Industrial sector is where they achieved the largest chunk of their returns. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alger Spectra Fund, in their Q4 2020 investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA) and emphasized their views on the company. Alibaba Group Holding Limited is a China-based e-commerce company that currently has a $627.7 billion market capitalization. Since the beginning of the year, BABA delivered a -1.05% return, but it