Champix
Alger Capital Appreciation Fund (MUTF:AAXThe fund returned 42.4% in the 12 months through June, making it the best-performing mutual fund, according to a Wall Street Journal survey. Large-cap funds dominated the paper’s recent research with their large holdings technology stocks.
Patrick Kelly, Dan Chung and Ankur Crawford manage the $1.9 billion Alger Capital Appreciation Fund (ACAAX), which had $1.9 billion under management as of the end of June. Kelly attributed the fund’s performance to an overweight position in tech giant Nvidia (NASDAQ: NVDA),Microsoft(NASDAQ: MSFT) and meta-platform (Nasdaq: Target), the Wall Street Journal reported.
Vertiv Technology Holdings Inc. (NYSE: VRTLiquid cooling system manufacturers and data center power suppliers (LCP) also performed well in the fund, rising over the 12-month survey period, the Wall Street Journal reported Sunday. 250%.
Wall Street Journal Winners Circle
(Returns for the 12 months ended June 30, actively managed funds with more than $50 million in assets, and a track record of at least three years, among other criteria)
- Alger Capital Appreciation Fund (ACAAX) 42.4%
- Alger Capital Appreciation Institute (Author: Arax) 42.3%
- Alger Focus Stocks (MUTF: ALGRX) 42.0%
- Alger Capital Appreciation Portfolio (MUTF: Al Wax) 41.7%
- Fidelity Blue Chip Growth K6 (MUTF:FBCGX) 40.6%
- Fidelity Series Opportunistic Insights (MUTF:FVWSX) 40.6%
- Algiers Spectrum (MUTF: Specifications) 40.1%
- Fidelity Hedge Fund (MUTF:FCNTX) 39.8%
- Hartford Growth Opportunities (MUTF:HGOYX) 39.8%
- Gabelli grows (MUTF:GABGX) 39.7%
