The Alger Mid Cap 40 ETF underperformed the Russell Midcap Growth Index during the first quarter of 2026, with the NAV returning -7.61% compared to the index's -6.35%.
Comfort Systems USA delivered better-than-expected fiscal fourth-quarter results, highlighted by strong revenue growth, record margins, and a backlog that nearly doubled year over year.
FTAI Aviation launched FTAI Power, a platform to convert retired CFM56 engines into aeroderivative gas turbines capable of supplying electricity to AI-driven data centers, capturing significant investor enthusiasm.
Vertiv Holdings issued full-year revenue guidance well ahead of consensus expectations, reflecting the depth and durability of demand for data center infrastructure.
Astera Labs announced its entry into the optical communications market, a potentially significant new growth vector that will require meaningful research and development investment in the near-term.
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Highlights
During the first quarter of 2026, the largest portfolio sector weightings were Health Care and Industrials. The largest sector overweight was Health Care and the largest sector underweight was Consumer Discretionary.
