ATLASAlger Concentrated Equity ETF (CNEQ): outlook, holdings and fees
Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund and is managed by Alger. The expense ratio is 0.56% and the yield is 0.42%. The ten largest holdings are 63% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on CNEQ
| Last price | $37.22 (+0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 52% |
| Likely 1-month range (50%) | $35.61 – $39.11 |
| Normal 1-day range (±1σ) | ±1.6% |
| Distribution yield | 0.42% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
CNEQ fund facts
| Issuer | Alger |
|---|---|
| Theme | Other strategies |
| Assets under management | $3.8B |
| Expense ratio | 0.56% |
| Number of holdings | 25 |
| Portfolio turnover | 0% |
| Inception | Apr 4, 2024 |
| Exchange | NYSE |
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the Manager believes demonstrate promising growth potential. The fund manager intends to invest a substantial portion of its assets in a smaller number of issuers. The fund is non-diversified.
CNEQ top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 15.05% |
| Microsoft Corporation MSFT | Technology | 8.51% |
| Alphabet Inc Class C GOOG | Communication Services | 6.45% |
| Taiwan Semiconductor Manufacturing TSM | Technology | 6.07% |
| Apple Inc. AAPL | Technology | 5.24% |
| Broadcom Inc AVGO | Technology | 5.10% |
| Amazon.com Inc AMZN | Consumer Cyclical | 4.36% |
| Yandex NV YNDX | Communication Services | 4.45% |
| Western Digital Corporation WDC | Technology | 3.94% |
| Meta Platforms Inc. META | Communication Services | 3.70% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
CNEQ sector breakdown
| Sector | Weight |
|---|---|
| Technology | 54.2% |
| Communication Services | 17.1% |
| Consumer Cyclicals | 10.1% |
| Industrials | 9.7% |
| Healthcare | 4.1% |
| Utilities | 3.6% |
| Financial Services | 1.3% |
By region: North America 91.8%, Asia Developed 8.3%.
CNEQ returns and risk
| Year to date | +19.2% |
|---|---|
| 1 year | +14.1% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
CNEQ: frequently asked questions
What does CNEQ invest in?
Alger Concentrated Equity ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (15.0%), Microsoft Corporation (8.5%), Alphabet Inc Class C (6.5%), Taiwan Semiconductor Manufacturing (6.1%), Apple Inc. (5.2%).
What is the CNEQ expense ratio?
0.56% a year: about $56.00 for every $10,000 invested.
What is the CNEQ dividend yield?
0.42%. ATLAS does not hold the exact distribution dates for ETFs.
Will CNEQ go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 52%, with a likely range (50%) of $35.61 to $39.11 from $37.22 today. It is a probability, not a prediction.
How has CNEQ performed?
Year to date +19.2%, one year +14.1%. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer