Alger
Alger International Opportunities Fund
International Large-cap Opportunistic
Dec 2024 → Sep 2026
Our archive holds 8 letters from this strategy, behind 12 investment theses and positions in 16 companies. Every quote below is copied verbatim from the letter it came from.
8 letters in 3 years · follow all of Alger for every strategy.
Performance
as of Mar 31, 2026 · net of fees · USD · Class A
- YTD−2.1%index −0.6%
- 1Y+13.2%index +25.6%
- 3Y · /yr+10.3%index +15.1%
- 5Y · /yr+2.5%index +7.6%
- 10Y · /yr+7.0%index +8.9%
- Inception · /yr+5.7%index +6.2%
Index: MSCI ACWI ex USA Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Alger International Opportunities Fund | −2.1% | +13.2% | +10.3% | +2.5% | +7.0% | +5.7% |
| MSCI ACWI ex USA Index | −0.6% | +25.6% | +15.1% | +7.6% | +8.9% | +6.2% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Mar 31, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
- ExitedHeidelberg Materials AGMar 2026
During the quarter, shares detracted from performance after quarterly results came in modestly below expectations on both revenue and earnings.
Also held
Its investment theses
- Mizuho Financial Group, Inc.Sep 2026Mizuho Financial Group is a major Japanese bank that should benefit from rising domestic interest rates and stronger lending income.
- Shopify, Inc.Sep 2026Shopify provides commerce software and payments tools and is benefiting from digital commerce growth and its role in AI-driven shopping infrastructure.
- Taiwan Semiconductor Manufacturing Co., Ltd.Sep 2026Taiwan Semiconductor Manufacturing is the leading contract chipmaker with a hard-to-replicate edge that makes it central to the AI buildout.
- SK hynix Inc.Sep 2026SK hynix is a leading HBM memory supplier positioned to benefit from rising AI computing demand and strong customer relationships.
- Kongsberg Gruppen ASAMar 2026Kongsberg Gruppen is a Norwegian defense and technology company with a record backlog, strong cash generation, and exposure to rising military modernization spending.
- Cameco CorporationMar 2026Cameco is a vertically integrated uranium and nuclear fuel company benefiting from tightening supply, rising nuclear demand, and AI-driven power needs.
- Cameco CorporationMar 2026Cameco Corporation is a vertically integrated uranium and nuclear fuel company positioned to benefit from tightening supply, growing nuclear power demand including AI-driven electricity needs, and contributions from Westinghouse.
- Jiangsu Hengrui PharmaceuticalsDec 2025Jiangsu Hengrui Pharmaceuticals is pivoting toward innovative drugs and a global pipeline supported by international trials and partnerships despite timing-related earnings volatility.
- NintendoJun 2025Nintendo is a leading video game company leveraging its iconic franchises and a strategic shift towards iterative hardware development to enhance player retention and reduce business cyclicality.
- SK HynixJun 2025SK Hynix is a leading memory manufacturer with a dominant position in high-bandwidth memory (HBM), leveraging advanced technology to capitalize on increasing demand from AI applications and improving market share and revenue.