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

Alger Russell Innovation Index Updates for Q3 2025

On September 15, 2025, Fred Alger Management, LLC, renowned for its focus on growth equity investment management, disclosed the anticipated rebalancing of the Alger Russell Innovation Index. This quarterly update will become effective upon the close of trading on September 19, 2025.

New Entrants to the Index

The rebalancing introduces several dynamic companies, underscoring Alger's commitment to identifying and promoting firms poised for significant growth. The following companies will be added to the Index:

• - Corcept Therapeutics, Inc. (CORT): Known for its innovative therapies for metabolic and psychiatric disorders, Corcept continues to make waves in the pharmaceutical space.
• - Docusign, Inc. (DOCU): A leader in the electronic signature industry, its inclusion highlights the growing trend of digital documentation management.
• - Gilead Sciences, Inc. (GILD): A key player in biopharmaceuticals, Gilead brings a robust pipeline of medicines aimed at addressing various health crises.
• - HubSpot, Inc. (HUBS): This inbound marketing solution provider is recognized for its role in transforming digital networking across industries.
• - Incyte Corp. (INCY): Operating in the field of oncology and inflammation, Incyte is noted for its robust research and development efforts.
• - Nutanix, Inc. (NTNX): Focused on enterprise cloud computing, Nutanix continues to innovate with its unique hyper-converged infrastructure solutions.
• - Vertex Pharmaceuticals, Inc. (VRTX): Vertex continues to lead in treatments for cystic fibrosis, showcasing its commitment to improving patients' lives.

The ongoing inclusion of such companies reflects Alger's strategy to harness Positive Dynamic Change, as each firm demonstrates robust growth potential across different sectors.

Companies Exiting the Index

Alongside adding new players, the rebalancing also sees a departure of several firms deemed to have less potential for growth at this time. These include:

• - Bio-Rad Laboratories, Inc. (BIO): Though a significant contributor to biotechnology, Bio-Rad will be removed to allow for more innovative players.
• - eBay Inc. (EBAY): Once a leader in ecommerce, eBay's exit signals a shift in retail dynamics.
• - Gentex Corporation (GNTX): While previously strong in its field, Gentex will step aside for companies showing more aggressive growth trajectories.
• - IPG Photonics Corporation (IPGP): A key player in optical components, but its current performance has led to a reevaluation of its place in the index.
• - Pegasystems Inc. (PEGA): Known for customer engagement software, Pegasystems will be replaced in the drive towards more experimental tech solutions.
• - Pure Storage, Inc. (PSTG): Although a strong competitor in data storage, competition has outpaced expectations.
• - Teradyne, Inc. (TER): Its current market position necessitates removal to prioritize those with more promising prospects.
• - Zillow Group, Inc. (Z): Once a giant in real estate listings, Zillow's recent challenges have become evident, necessitating its removal from the Index.

Conclusion

Fred Alger Management continues its tradition of strategic assessment and forward-thinking investment, with the Alger Russell Innovation Index adapting to ensure it encompasses the most promising companies in the growth sector. By rebalancing the Index quarterly, Alger not only reflects changing market conditions but also positions itself to embrace future opportunities through its focus on companies undergoing transformative growth. As investors seek opportunities amidst shifting economic conditions, the Alger Russell Innovation Index aims to prepare them for success with its carefully curated selections. For any inquiries, further details can be gathered from Alger's official website.