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Alger Russell Innovation Index Q2 2026 Rebalancing

As the second quarter of 2026 approaches its conclusion, Fred Alger Management, LLC, a well-known player in the growth equity investment management sector, has unveiled significant adjustments to the Alger Russell Innovation Index. This quarterly rebalancing reflects the evolving dynamics of the stock market and highlights the firm’s commitment to identifying thriving companies poised for growth.

Key Changes in the Index

New Additions
The following companies are making their debut on the Alger Russell Innovation Index as of June 26, 2026:

• - Adobe Inc. (ADBE): Renowned for its creative software solutions, Adobe continues to lead in digital marketing and media.
• - Amdocs Limited (DOX): A prominent software and services company, Amdocs specializes in solutions for telecommunications and media.
• - Figma, Inc. (FIG): Known for its collaborative design tool, Figma is a favorite among UI/UX designers.
• - Gentex Corporation (GNTX): This company is recognized for its innovative automotive products, particularly in the area of digital vision and connectivity.
• - Klaviyo, Inc. (KVYO): A leader in marketing automation, Klaviyo empowers brands to build meaningful relationships with their customers.
• - Merck & Co., Inc. (MRK): A key player in the pharmaceutical industry, Merck is known for its research-driven approach to healthcare solutions.
• - Roblox Corp. (RBLX): With a unique platform for user-generated games, Roblox continues to capture the attention of younger audiences.
• - Trimble Inc. (TRMB): Combining technology and data, Trimble provides innovative solutions across various industries.
• - Block Inc. (XYZ): An exciting addition, this company is at the forefront of digital financial services.
• - Zillow Group Inc. (Z): A well-known real estate marketplace, Zillow is transforming the way people buy and sell homes.
• - Zscaler Inc. (ZS): Specializing in cloud security, Zscaler is critical in enhancing cybersecurity for modern enterprises.

Companies Removed from the Index
In contrast, the following companies will no longer be part of the Alger Russell Innovation Index, indicating a strategic move away from stocks that may not align with current growth strategies:

• - Corcept Therapeutics Inc. (CORT)
• - DoubleVerify Holdings, Inc. (DV)
• - Zoominfo Technologies, Inc. (GTM)
• - Illumina Inc. (ILMN)
• - NetApp Inc. (NTAP)
• - Okta Inc. (OKTA)
• - Everpure Inc. (P)
• - Qualcomm Inc. (QCOM)
• - Teradata Corp. (TDC)
• - Twilio Inc. (TWLO)
• - Zoom Communications Inc. (ZM)

Industry Insights

The Alger Russell Innovation Index serves as a vital benchmark, showcasing companies that exemplify positive dynamic change. The recent adjustments reflect both a response to market trends and a commitment to growth through innovation. Investors looking for opportunities in sectors from technology to healthcare will find a renewed focus in the selected companies.

Founded in 1964, Fred Alger Management has distinguished itself in the investment landscape, encouraging investors to “Unlock Your Growth Potential.” The firm emphasizes growth in different markets, showcasing its strategy centered around discovering firms that are experiencing transformational changes. With over six decades of expertise, Alger continues to adapt its strategies to align with emerging trends and investment opportunities.

Risks and Considerations

While growth stocks often present captivating opportunities, prospective investors should remain aware of the inherent risks. The stock market is volatile, and prices of growth stocks can fluctuate significantly in relation to company earnings and shifting market sentiments. Alger’s investment philosophy underscores the importance of understanding these factors before making investment decisions.

For further information and insights into the Alger Russell Innovation Index and other investment strategies, visit Alger’s official site.