Alger Concentrated Equity ETF (CNEQ)
ARCA ARCA Primary Summary
CNEQ Chart
CNEQ: High-Conviction Growth ETF With An Excellent Start
Alger Concentrated Equity ETF offers a high-conviction, 29-stock growth portfolio with a heavy technology and large-cap focus. CNEQ has outperformed the Russell 1000 Growth Index and major growth ETF peers by a wide margin since its April 2024 inception. CNEQ is well-suited for growth exposure in long-term or tactical allocations, but prudent capital allocation is warranted given its short history and risk profile.
Alger Concentrated Equity ETF Q4 2025 Commentary
The Alger Concentrated Equity ETF underperformed the Russell 1000 Growth Index during the third quarter of 2025. Alphabet, Natera Apple were among the top contributors to performance. Nebius Group, Sea Limited, and Meta Platforms were among the top detractors from performance. The Information Technology and Utilities sectors contributed to relative performance while Industrials and Health Care were among sectors that detracted from relative performance.
Concentrated ETF Bests S&P 500 With Active Stock Picks
The Alger Concentrated Equity ETF (CNEQ) returned more than 32% in 2025, beating the S&P 500 by over 14 percentage points as the fund's focused portfolio capitalized on a shifting market environment, according to ETF Database. The fund's outperformance comes as investors debate whether market leadership will broaden beyond mega-cap technology names.
Alger Concentrated Equity ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 33,757 | $1.18M | $1.34M | $159,201.47 | 13.54% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 6,087 | $208,032.26 | $243,601.74 | $35,569.48 | 17.1% |
| SC Salvatore Cocivera Cora Capital Advisors LLC | 90,100 | $2.8M | $3.54M | $733,414 | 26.16% |
 Andrew Agosta Prosperity Financial Group, Inc. | 10,123 | $345,906.04 | $395,454.99 | $49,548.95 | 14.32% |
 Michael Herman Apollon Financial, LLC | 12,910 | $452,290.99 | $502,973.6 | $50,682.61 | 11.21% |
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Alger Concentrated Equity ETF Profile
| ARCA Exchange | US Country |
Overview
The mentioned fund operates within the financial sector, with a specialized focus on investments directly linked to the advancement and commercial implementation of artificial intelligence (AI) technologies. It aims to capitalize on the growth potential of companies, regardless of their market capitalization, that are significantly involved in developing and utilizing AI tech. The strategy involves allocating at least 80% of its net assets, in addition to any funds borrowed for investment purposes, into the equity securities of such enterprises. This approach signifies a strong commitment to contributing to the AI field, reflecting a belief in the technology's capacity to drive future economic growth. An important aspect of the fund's investment policy is its non-diversified status, which indicates a concentrated investment approach that could potentially lead to higher volatility but also offers the prospect of significant returns from the AI technology sector.
Products and Services
The fund offers a focused investment product centered around AI technology, detailed as follows:
- AI Technology Equity Investments: This core product targets the equity securities of companies engaged in the AI technology sphere. The investment strategy is designed to support firms across the entire market capitalization spectrum, from smaller startups to well-established giants, provided they showcase a strong potential for growth within the AI domain. The objective is to generate returns through strategic investments in these equities, emphasizing entities that lead, innovate, or significantly benefit from AI technologies.
