#United States #New York #Alger Russell #Innovation Index #Fred Alger

Alger Russell Innovation Index Updates for Third Quarter 2026

On September 14, 2026, Fred Alger Management, LLC, a renowned private equity investment firm, revealed the quarterly rebalancing of the Alger Russell Innovation Index. The rebalancing will take effect following the close of trading on September 18, signaling notable shifts within the index's composition.

Overview of Changes

This quarterly review has resulted in a series of additions and deletions of specific companies from the index, reflecting Alger's commitment to maintaining an up-to-date and relevant index that mirrors current market dynamics. The adjustments are particularly significant as they involve leading firms within various innovative sectors.

New Additions

The Alger Russell Innovation Index will incorporate the following new entrants:

• - Alnylam Pharmaceuticals, Inc. (ALNY): A leader in the biotech sector known for its pioneering RNAi therapeutics.
• - Aptiv PLC (APTV): An essential player in the automotive technology space, focusing on automated driving and smart vehicle technology.
• - Chime Financial, Inc. Class A (CHYM): A rapidly growing finance app that supports banking for those without traditional accounts.
• - Meta Platforms Inc. Class A (META): The parent company of Facebook, known for its significant investments in social media technology and virtual realities.
• - Universal Display Corporation (OLED): A frontrunner in the development and manufacturing of OLED technology, essential for modern displays.
• - Qualcomm Incorporated (QCOM): A global leader in wireless technology, integral to the development of 5G communications.
• - Zoom Communications, Inc. Class A (ZM): Known for revolutionizing remote communication, especially during the pandemic.

Companies Removed

Conversely, the following names will be removed from the index:

• - Dynatrace, Inc. (DT): A software intelligence company specializing in observability and security in cloud environments.
• - Expedia Group, Inc. (EXPE): A long-standing player in the travel and booking industry.
• - Paycom Software, Inc. (PAYC): A notable provider of cloud-based payroll and HR management software.
• - Zebra Technologies Corporation Class A (ZBRA): Known for its enterprise asset intelligence, focusing on data capture solutions.
• - Zillow Group, Inc. Class C (Z): Well-known for its online real estate marketplace, was affected by market fluctuations.
• - Zscaler, Inc. (ZS): A major player in cybersecurity, focusing on secure cloud access.
• - Skyworks Solutions, Inc. (SWKS): A manufacturer of semiconductors for wireless communications.

In total, these updates underscore Alger’s ongoing strategy to enhance the index's performance and relevance in an ever-evolving market landscape.

About Fred Alger Management

Established in 1964, Fred Alger Management is recognized as a pioneer in growth-style investment management. The firm's investment philosophy is centered around identifying companies that are experiencing positive dynamic change, helping clients to unlock their growth potential through a variety of investment vehicles, including separate accounts, mutual funds, and ETFs. With headquarters in New York City, Alger is committed to guiding investors toward making informed decisions.

Risk Considerations

Investing in the stock market is inherently risky, with potential principal loss being a primary concern. Growth stocks, which often command higher valuations in relation to earnings, may be particularly volatile and sensitive to various market variables, including economic and political factors.

For additional information, please visit Alger's official website.