The Fund Grade · free · no account needed
What grade does ALZFX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Alger Focus Equity Z
#29 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
ALZFX puts more of its book behind proven specialists than 96% of graded funds.
Bottom 20%
Bottom 40%
Middle
Top 40%
● Top 20%
That has mattered: over the past 2.7 years, funds on this rung beat bottom-rung funds by about 3.8 points per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.
2,825 disclosing funds tracked · the graded specialists among them drive every read · evidence, not advice
The grade scores this fund's specialist share — the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
ALZFX vs the Honor Roll — share card ↗Conviction exposure
64.8%
of the book in specialist-converged names
Late-stage weight
28.1%
of the book in Crowded or Fading names
Active share
81.9%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book — top names by stage · as of 2026-10-01
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
Alger Focus Equity Z ranks 29th out of 500 graded funds with an A grade, and nearly 65% of its assets sit with specialist investors. The striking issue is that five positions including GOOG at 6.5% and AVGO at 4.9% are Fading, meaning specialists are already walking away from trades that still carry serious weight in this portfolio.
→ Watch the combined 19.4% in Fading positions closely, particularly GOOG and AVGO, as specialist exits there could pressure returns.
→ Note early positions in FIGR, CAT, and HOOD where specialists are just building, a potential sign of where the fund earns its grade going forward.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.
The evidence base updates this week.
The specialists — not the whales — are already positioned for what comes next. Stop finding out last.
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