Alger Concentrated Equity ETF (CNEQ)
| Assets | $229.37M |
| Expense Ratio | 0.55% |
| PE Ratio | 47.93 |
| Shares Out | 7.19M |
| Dividend (ttm) | $0.18 |
| Dividend Yield | 0.53% |
| Ex-Dividend Date | Dec 18, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 26.66% |
| Volume | 83,239 |
| Open | 33.07 |
| Previous Close | 33.09 |
| Day's Range | 33.07 - 34.00 |
| 52-Week Low | 19.34 |
| 52-Week High | 36.98 |
| Beta | n/a |
| Holdings | 30 |
| Inception Date | Apr 4, 2024 |
About CNEQ
Fund Home PageThe Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, targeting large-cap companies with high growth potential. The fund maintains a concentrated portfolio of no more than 30 stocks, seeking long-term captial appreciation CNEQ was launched on Apr 4, 2024 and is issued by Alger.
Top 10 Holdings
67.10% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 14.22% |
| Microsoft Corporation | MSFT | 9.00% |
| Amazon.com, Inc. | AMZN | 7.84% |
| Alphabet Inc. | GOOG | 7.33% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 6.07% |
| Apple Inc. | AAPL | 5.38% |
| Broadcom Inc. | AVGO | 5.21% |
| Meta Platforms, Inc. | META | 4.25% |
| QXO, Inc. | QXO | 3.97% |
| Tesla, Inc. | TSLA | 3.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.180 | Dec 31, 2025 |
| Dec 18, 2024 | $0.0411 | Dec 31, 2024 |
Performance
CNEQ had a total return of 26.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 33.59%.
News
Concentrated ETF Bests S&P 500 With Active Stock Picks
The Alger Concentrated Equity ETF (CNEQ) returned more than 32% in 2025, beating the S&P 500 by over 14 percentage points as the fund's focused portfolio capitalized on a shifting market environment, ...
Finding Tomorrow's Winners With Concentrated Equity ETFs
What can a focused approach to equity portfolio construction offer for advisors and investors? Recently, Dr. Ankur Crawford, portfolio manager at Alger, joined Todd Rosenbluth, VettaFi's head of resea...
How Companies Adapt in the Age of AI Adoption
With AI adoption top of the mind for advisors and investors alike, some may be wondering which companies will be leading the pack when it comes to adopting AI into their workflows. Dr. Ankur Crawford,...
CNEQ: Concentrated Risk With High Return Potential
The Alger Concentrated Equity ETF (CNEQ) offers exposure to 30 high-conviction, growth-oriented stocks, heavily weighted toward mega-cap technology and AI leaders. CNEQ has outperformed benchmark indi...
CNEQ: High Conviction Growth With Manageable Risk
CNEQ offers a high-conviction, concentrated growth strategy with active management, delivering strong outperformance versus QQQ despite perceived higher risks. The ETF's sector and holding concentrati...