--- title: "Fred Alger Q1 2026: 12.5% in Nvidia, Growth Conviction" type: research slug: fred-alger-q1-2026-high-conviction-growth-nvidia canonical_url: https://13finsight.com/research/fred-alger-q1-2026-high-conviction-growth-nvidia published_at: 2026-05-24T00:12:31.897Z updated_at: 2026-05-24T00:12:34.649Z author: Marcus Chen author_title: Senior Market Analyst author_url: https://13finsight.com/authors/marcus-chen word_count: 560 locale: en source: 13F Insight --- # Fred Alger Q1 2026: 12.5% in Nvidia, Growth Conviction > Fred Alger, a growth-investing pioneer, holds 12.55% in Nvidia and added to it through a 10.7% drawdown — high-conviction growth anchored by AI leaders. Fred Alger Management, one of the oldest growth-investing firms in America, reported a $22.77B U.S. equity book for the quarter ended March 31, 2026 (Form 13F-HR, accession 0001193125-26-226659, filed 2026-05-15). The reported value fell 10.7% as megacap growth corrected, but Alger held its convictions — its book remains anchored by an unusually large Nvidia (NVDA) position at 12.55% of assets, which it actually increased 7% during the quarter. Alger pioneered growth investing in the 1960s, and the portfolio reflects that lineage: a concentrated core of megacap technology and growth leaders. After Nvidia come Microsoft (MSFT) at 8.11%, Amazon (AMZN) at 6.54%, Apple (AAPL) at 5.17%, and Alphabet's GOOG shares at 4.82%. Two less obvious holdings round out the character: a large international growth position and memory-and-storage maker Western Digital (WDC) — a play on the surging demand for AI data storage. A high-conviction growth core The Nvidia weight is the defining feature. At 12.55%, it is more than half again the size of the next position, and Alger added to it even as the stock pulled back — a clear statement of conviction in the AI-chip leader. The top five holdings together are roughly 37% of the book. Beyond the megacaps, Broadcom (AVGO) at 4.01%, Western Digital at 3.16%, and Tesla (TSLA) at 2.98% extend the growth-and-AI theme, with an international growth name held at 4.38% and increased 21% during the quarter. With 443 positions but heavy concentration at the top, Alger pairs a focused growth core with a long tail. Holding growth through the drawdown Alger's quarter was light on big changes: it added 7% to Nvidia, 9% to Alphabet, and 10% to Tesla, while trimming Meta (META) 10% and holding Microsoft, Amazon, and Apple roughly flat. The reported value has swung with the growth factor — from $17.56B in early 2025 up to $25.69B and back to $22.77B — which is what a concentrated growth book does. Adding to Nvidia into the decline, rather than trimming, is the move that defines Alger's posture: conviction in its growth leaders regardless of quarterly price action. What it means for 13F readers Fred Alger is a clean read on classic, high-conviction growth investing, with one of the larger single-name Nvidia weights among large filers. The story is the conviction — adding to Nvidia through a drawdown — and the supporting AI-infrastructure names like Broadcom and Western Digital. Track the firm's quarter-over-quarter holdings on the Fred Alger filer page. FAQ What is Fred Alger Management? Fred Alger Management is one of the oldest growth-investing firms in the U.S., a pioneer of the style. It reported a $22.77B U.S. equity 13F book for the quarter ended March 31, 2026. What is Fred Alger's largest holding? Nvidia (NVDA) is by far the largest at 12.55% of the book — more than half again the next position — and Alger increased it 7% during Q1 2026. What did Fred Alger do in Q1 2026? It added 7% to Nvidia, 9% to Alphabet, 10% to Tesla, and 21% to an international growth position, while trimming Meta 10% and holding Microsoft, Amazon, and Apple roughly flat. Why did Fred Alger's 13F value fall in Q1 2026? The reported value fell 10.7% to $22.77B as megacap growth corrected. Because the book is concentrated in growth leaders, its value swings with that factor even when positions are largely held. ## FAQ ### What is Fred Alger Management? Fred Alger Management is one of the oldest growth-investing firms in the U.S., a pioneer of the style. It reported a $22.77B U.S. equity 13F book for the quarter ended March 31, 2026. ### What is Fred Alger's largest holding? Nvidia (NVDA) is by far the largest at 12.55% of the book — more than half again the next position — and Alger increased it 7% during Q1 2026. ### What did Fred Alger do in Q1 2026? It added 7% to Nvidia, 9% to Alphabet, 10% to Tesla, and 21% to an international growth position, while trimming Meta 10% and holding Microsoft, Amazon, and Apple roughly flat. ### Why did Fred Alger's 13F value fall in Q1 2026? The reported value fell 10.7% to $22.77B as megacap growth corrected. Because the book is concentrated in growth leaders, its value swings with that factor even when positions are largely held. --- Source: 13F Insight — https://13finsight.com/research/fred-alger-q1-2026-high-conviction-growth-nvidia Author: Marcus Chen — https://13finsight.com/authors/marcus-chen Last updated: 2026-05-24T00:12:34.649Z