Alger Capital Appreciation Fund tops ranking for 12-month returns (Mutual Fund:ACAAX)

Alger Capital Appreciation Fund (MUTF:ACAAX) was the top-performing mutual fund with a return of 42.4% for the 12-month period through June, according to a survey by The Wall Street Journal. Large-cap funds dominated the newspaper’s most recent study with their significant holdings of technology stocks.

Patrick Kelly, Dan Chung and Ankur Crawford manage the $1.9 billion Alger Capital Appreciation Fund (ACAAX), which oversaw $1.9 billion at the end of June. Kelly attributed the fund’s performance to overweight positions in tech giants Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), the Journal reported.

Vertiv Holdings (NYSE:VRT), a maker of liquid cooling systems and provider of power for data centers, also performed well for the fund with a 250% gain in the 12-month survey period, the Journal reported on Sunday.

Wall Street Journal Winner’s Circle

(12-month return through June 30, actively managed funds with more than $50 million in assets and history of at least three years, among other criteria)

• Alger Capital Appreciation Fund (ACAAX) 42.4%
• Alger Capital Appreciation Inst’l (MUTF:ALARX) 42.3%
• Alger Focus Equity (MUTF:ALGRX) 42.0%
• Alger Capital Appreciation Portfolio (MUTF:ALVOX) 41.7%
• Fidelity Blue Chip Growth K6 (MUTF:FBCGX) 40.6%
• Fidelity Series Opportunistic Insights (MUTF:FVWSX) 40.6%
• Alger Spectra (MUTF:SPECX) 40.1%
• Fidelity Contrafund (MUTF:FCNTX) 39.8%
• Hartford Growth Opportunities (MUTF:HGOYX) 39.8%
• Gabelli Growth (MUTF:GABGX) 39.7%