ACAPX — Alger Capital Appreciation Fund
Data updated: 2026-09-25
ACAPX — Alger Capital Appreciation Fund. United States Large Cap Growth Information Technology Equity. Holdings, fees, performance and SEC filings.
ACAPX Fund Overview
ACAPX — Alger Capital Appreciation Fund is a US mutual fund managed by Alger Funds, categorised as United States Large Cap Growth Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Alger Funds
- Category: United States Large Cap Growth Information Technology Equity
- Assets under management: $2.75B
- Ticker: ACAPX
- SEC CIK: 0000003521
- SEC series ID: S000009163
- Share class ID: C000024913
ACAPX Investment Objective and Strategy
Alger Capital Appreciation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Alger Funds.
Investment objective
Alger Capital Appreciation Fund seeks long-term capital appreciation.
Principal investment strategy
Fred Alger Management, Inc. believes companies undergoing Positive Dynamic Change offer the best investment opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, significantly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from regulatory change, a new product introduction or management change. Under normal market circumstances, the Fund invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that Fred Alger Management, Inc. believes demonstrate promising growth potential.
Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. The Fund's portfolio manager(s) may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. The Fund can leverage, that is, borrow money to buy additional securities. By borrowing money, the Fund has the potential to increase its returns if the increase in the value of the securities purchased exceeds the cost of borrowing, including interest paid on the money borrowed. However, leverage also has the potential to magnify any decrease in the value of the purchased securities. The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and health care sectors.
ACAPX Holdings
Top 10 holdings of Alger Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 12.77% |
| Microsoft Corp. | 9.62% |
| Apple, Inc. | 6.01% |
| Alphabet, Inc. | 5.24% |
| Taiwan Semiconductor Manufacturing Company Ltd. | 4.87% |
| Western Digital Corp. | 4.55% |
| Amazon.com, Inc. | 4.41% |
| Meta Platforms, Inc. | 3.95% |
| Broadcom, Inc. | 3.79% |
| Nebius Group NV | 3.44% |
ACAPX Portfolio Allocation
Asset-class allocation of Alger Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 101.4% |
ACAPX Costs and Fees
ACAPX costs about $198 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.98%
- Gross expense ratio: 1.98%
- Portfolio turnover: 76%
- Brokerage commissions: 5.49 bps of average net assets (SEC N-CEN)
ACAPX Cashflows
Over the 12 months to 2026-04, Alger Capital Appreciation Fund had net inflows of $193.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $9.69M |
| 2026-03 | −$16.02M |
| 2026-02 | $8.64M |
| 2026-01 | $29.02M |
| 2025-12 | $179.18M |
| 2025-11 | −$3.80M |
ACAPX Debt Constituents
No individual debt constituents are reported in Alger Capital Appreciation Fund's latest SEC N-PORT filing.
ACAPX Prospectus and SEC Filings
Official Alger Capital Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus supplement (497) — filed 2026-03-05
- Prospectus supplement (497) — filed 2025-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Large Cap Growth Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.