Latest news with #FredAlgerManagement
Yahoo
24-07-2025
- Business
- Yahoo
Strong Results Boosted Cloudflare (NET) in Q2
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets regained their strength in the second quarter of 2025. Class A shares of the fund outperformed the Russell Midcap Growth Index during the quarter. The Industrials and Energy sectors contributed to the relative performance of the strategy in the quarter, while Information Technology and Consumer Discretionary sectors detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Cloudflare, Inc. (NYSE:NET). Cloudflare, Inc. (NYSE:NET) is a cloud services provider that delivers a range of services to businesses worldwide. The one-month return of Cloudflare, Inc. (NYSE:NET) was -0.95%, and its shares gained 142.38% of their value over the last 52 weeks. On July 23, 2025, Cloudflare, Inc. (NYSE:NET) stock closed at $189.15 per share, with a market capitalization of $65.561 billion. Alger Mid Cap Focus Fund stated the following regarding Cloudflare, Inc. (NYSE:NET) in its second quarter 2025 investor letter: "Cloudflare, Inc. (NYSE:NET) provides cloud-based security, performance optimization, and reliability solutions designed to enhance the speed, safety, and resilience of internet applications and websites worldwide. Its products include content delivery networks, website protection, and application performance services, as well as advanced developer tools that support building and deploying web applications. We believe the company is benefiting from several favorable product cycles, robust sales execution, and an exceptional management team. In our view, the company is well positioned to capitalize on key industry trends, including edge based AI, secure access service edge (SASE), edge security solutions, and zero trust network access. Shares contributed positively during the quarter following strong fiscal first-quarter results that exceeded analyst estimates. Better-than-expected revenues were driven by increased demand for subscription services and heightened adoption of its developer platform, Workers, and SASE offerings. Additionally, investor optimism was fueled by Cloudflare securing a significant new contract exceeding $100 million, highlighting the growing importance and scale of its platform. Management also reaffirmed robust full-year revenue guidance, signaling confidence in continued growth and strategic execution." Cloudflare, Inc. (NYSE:NET) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held Cloudflare, Inc. (NYSE:NET) at the end of the first quarter, which was 55 in the previous quarter. Cloudflare, Inc.'s (NYSE:NET) revenue for the first quarter revenue increased 27% year-over-year to $479.1 million. While we acknowledge the potential of Cloudflare, Inc. (NYSE:NET) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Cloudflare, Inc. (NYSE:NET) and shared the list of stocks Jim Cramer weighed in. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
24-07-2025
- Business
- Yahoo
Vertiv Holdings Co (VRT) Benefited from Accelerated Demand
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets regained their strength in the second quarter of 2025. Class A shares of the fund outperformed the Russell Midcap Growth Index during the quarter. The Industrials and Energy sectors contributed to the relative performance of the strategy in the quarter, while Information Technology and Consumer Discretionary sectors detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Vertiv Holdings Co. (NYSE:VRT). Vertiv Holdings Co. (NYSE:VRT) provides critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The one-month return of Vertiv Holdings Co. (NYSE:VRT) was 7.03%, and its shares gained 65.66% of their value over the last 52 weeks. On June 23, 2025, Vertiv Holdings Co. (NYSE:VRT) stock closed at $130.19 per share, with a market capitalization of $49.616 billion. Alger Mid Cap Focus Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its second quarter 2025 investor letter: "Vertiv Holdings Co (NYSE:VRT) specializes in critical cooling and power management infrastructure technologies, catering primarily to data center clients. As an industry leader in data center power and cooling solutions, we believe Vertiv is well-positioned to benefit from long term growth driven by increasing demand for AI and computing capabilities. During the quarter, shares contributed positively to performance after the company delivered strong first-quarter results, where revenues and earnings both exceeded analyst estimates driven by rising demand from AI-enabled data centers. Investor optimism was further fueled by upbeat guidance, with management raising full-year revenue estimates and signaling continued AI-driven growth in orders and backlog." A close-up of a group of technicians working on complex data center systems. Vertiv Holdings Co (NYSE:VRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held Vertiv Holdings Co (NYSE:VRT) at the end of the first quarter, which was 92 in the previous quarter. While we acknowledge the potential of Vertiv Holdings Co (NYSE:VRT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Vertiv Holdings Co (NYSE:VRT) and shared the list of buzzing stocks everyone is talking about. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-07-2025
- Business
- Yahoo
Palantir Technologies (PLTR) Surged Due to Revenue Expansion
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets regained their strength in the second quarter of 2025. Class A shares of the fund outperformed the Russell Midcap Growth Index during the quarter. The Industrials and Energy sectors contributed to the relative performance of the strategy in the quarter, while Information Technology and Consumer Discretionary sectors detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community. The one-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was 7.20%, and its shares gained 480.66% of their value over the last 52 weeks. On July 23, 2025, Palantir Technologies Inc. (NASDAQ:PLTR) stock closed at $154.63 per share, with a market capitalization of $364.913 billion. Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its second quarter 2025 investor letter: Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of data analytics software designed to integrate and analyze large, complex datasets for government agencies and commercial enterprises globally. Its platforms, such as Gotham and Foundry, enable users to rapidly visualize and interpret critical data to inform high-impact decisions across defense, intelligence, and corporate sectors. The company has benefitted from its ability to consistently expand revenues in both its Government and Commercial segments, driven by growing adoption of AI solutions and increasing government spending on defense and intelligence capabilities. During the quarter, Palantir shares rose significantly supported by strong fiscal first-quarter results featuring 39% year over-year revenue growth, driven by robust increases in U.S. commercial and government contracts. Management also raised full-year revenue guidance, citing increased demand for AI-driven solutions and the positive impact of rising defense expenditures. A software engineer manipulating a vast network of code on virtual monitors. Palantir Technologies Inc. (NASDAQ:PLTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) at the end of the first quarter, which was 64 in the previous quarter. Palantir Technologies Inc.'s (NASDAQ:PLTR) first quarter revenue grew 39% year-over-year and 7% sequentially to $884 million. While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Palantir Technologies Inc. (NASDAQ:PLTR) and shared the list of stocks Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
Should You Hold Ryan Specialty Holdings (RYAN)?
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets regained their strength in the second quarter of 2025. Class A shares of the fund outperformed the Russell Midcap Growth Index during the quarter. The Industrials and Energy sectors contributed to the relative performance of the strategy in the quarter, while Information Technology and Consumer Discretionary sectors detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Ryan Specialty Holdings, Inc. (NYSE:RYAN). Ryan Specialty Holdings, Inc. (NYSE:RYAN) is a specialty products and solutions provider for insurance brokers, agents, and carriers. The one-month return of Ryan Specialty Holdings, Inc. (NYSE:RYAN) was -4.36%, and its shares gained 8.82% of their value over the last 52 weeks. On July 23, 2025, Ryan Specialty Holdings, Inc. (NYSE:RYAN) stock closed at $64.30 per share, with a market capitalization of $16.885 billion. Alger Mid Cap Focus Fund stated the following regarding Ryan Specialty Holdings, Inc. (NYSE:RYAN) in its second quarter 2025 investor letter: "Ryan Specialty Holdings, Inc. (NYSE:RYAN) is a leading provider of specialty insurance products and services, acting as a broker between insurance agents, brokers, and carriers. During the quarter, shares detracted from performance due to lower property insurance pricing across the industry, which negatively impacted the company's premium volumes. However, we view this challenge as temporary and continue to believe Ryan Specialty has the potential to grow earnings faster than the overall market through favorable pricing, higher business volumes, and strategic acquisitions." A portrait of a professional insurance broker at their desk, reviewing a policy. Ryan Specialty Holdings, Inc. (NYSE:RYAN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Ryan Specialty Holdings, Inc. (NYSE:RYAN) at the end of the first quarter, which was 29 in the previous quarter. While we acknowledge the potential of Ryan Specialty Holdings, Inc. (NYSE:RYAN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we discussed Ryan Specialty Holdings, Inc. (NYSE:RYAN) and its announcement to acquire J.M. Wilson Corporation. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
24-07-2025
- Business
- Yahoo
Here's Why Globant (GLOB) Traded Down in Q2
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets regained their strength in the second quarter of 2025. Class A shares of the fund outperformed the Russell Midcap Growth Index during the quarter. The Industrials and Energy sectors contributed to the relative performance of the strategy in the quarter, while Information Technology and Consumer Discretionary sectors detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB) is a Luxembourg-based technology services company. The one-month return of Globant S.A. (NYSE:GLOB) was -1.55%, and its shares lost 54.28% of their value over the last 52 weeks. On July 23, 2025, Globant S.A. (NYSE:GLOB) stock closed at $90.10 per share, with a market capitalization of $3.969 billion. Alger Mid Cap Focus Fund stated the following regarding Globant S.A. (NYSE:GLOB) in its second quarter 2025 investor letter: "Globant S.A. (NYSE:GLOB) is a global technology services company that helps businesses transform digitally by creating software solutions, leveraging AI, and providing cloud-based services. Its customers primarily include large companies across North America, Latin America, and Europe. Shares detracted from performance during the quarter after the company reported weaker-than-expected fiscal first-quarter results, as revenue growth missed analyst estimates. The revenue shortfall was mainly due to clients delaying discretionary IT and digital transformation projects amid macroeconomic uncertainty, particularly within its North American segment. Management highlighted that the slowdown in non essential corporate spending—especially on projects unrelated to core operations or required digital upgrades—was the primary factor impacting new bookings and revenue growth." A close-up of an experienced game engineer's hands typing a complex code on a laptop. Globant S.A. (NYSE:GLOB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the first quarter, which was 25 in the previous quarter. Globant S.A. (NYSE:GLOB) reported solid results in Q1 2025, with revenues reaching $611 million, reflecting an 7% year-over-year growth. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Globant S.A. (NYSE:GLOB) and shared the list of cheap IT stocks hedge funds are buying. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
