Alger
Alger International Opportunities Fund
International Large-cap Opportunistic
Dec 2024 → Mar 2026
Our archive holds 7 letters from this strategy, behind 8 investment theses and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.
7 letters in 3 years — follow all of Alger for every strategy.
What it bought and sold
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
- 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.
- MercadoLibreDec 2024MercadoLibre is the leading e-commerce and fintech platform in Latin America, leveraging strong network effects and data advantages to maintain and expand its market share despite competition.
- Taiwan Semiconductor Manufacturing Company (TSMC)Dec 2024Taiwan Semiconductor (TSMC) is well-positioned to capitalize on the rising demand for semiconductors due to its strong business model, technological expertise, and leadership in advanced manufacturing technologies.