From Yahoo Finance: 2025-04-16 12:10:00

Fred Alger Management released its first quarter 2025 investor letter, highlighting increased volatility in U.S. stocks due to changing trade, monetary, and fiscal policies. The fund’s Class A shares underperformed the Russell 3000 Growth Index in the quarter. Alger Spectra Fund’s top holding, HEICO Corporation (NYSE:HEI), saw a one-month return of -5.12% and a 27.03% gain over the last 52 weeks, closing at $250.94 per share on April 15, 2025. HEICO Corporation is a leading manufacturer of FAA-approved jet engine and aircraft replacement parts, positioned to benefit from the aging global aerospace fleet.

HEICO Corporation (NYSE:HEI) is not on the list of 30 most popular stocks among hedge funds, but 67 hedge funds held it at the end of the fourth quarter. While HEICO has investment potential, Alger Spectra Fund believes AI stocks offer greater returns in a shorter timeframe. For those seeking a promising AI stock, consider one that trades at less than 5 times its earnings.



Read more at Yahoo Finance: HEICO Corporation (HEI) Surged after Reporting Strong Q1 Results