Fred Alger Management, an investment management company, released its "Alger Weatherbie Specialized Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) regained market optimism in the quarter, leading the Information Technology and Industrials sectors upward, and Energy and Utilities lagged because of falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Weatherbie Specialized Growth Fund's Class A shares outperformed the Russell 2500 Growth Index in the quarter. The Industrials and Information Technology sectors contributed to the relative performance, whereas Financials and Consumer Discretionary sectors detracted. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) as a notable contributor. Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) is a civil contracting company focused on site development and infrastructure services. On July 20, 2026, Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) closed at $69.25 per share. One-month return of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) was -4.78%, and YTD its shares gained 186.39%. Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) has a market capitalization of $1.38 billion.
Alger Weatherbie Specialized Growth Fund stated the following regarding Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) in its Q2 2026 investor update:
"Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) provides infrastructure services across residential, commercial, industrial, municipal, and state markets, including water, sewer, and stormwater installations, as well as grading, site clearing, erosion control, paving, and other related site services. The company benefits from demand for essential infrastructure work and has continued to expand its capabilities through organic growth and recent acquisitions. During the quarter, shares contributed positively to performance after the company reported strong first-quarter results that were consistent with management's recent positive commentary. Investor sentiment was further supported by robust organic growth, continued momentum in its mature Raleigh market, and the view that full-year guidance may prove conservative given the company's current operating trajectory."
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
