Fred Alger Management released its “Alger Spectra Fund” third-quarter 2025 investor letter, reporting a 8.12% rise in the S&P 500 Index. Class A shares of the Fund outperformed the Russell 3000 Growth Index during the quarter. The letter highlighted stocks like AppLovin Corporation (NASDAQ:APP), which saw a one-month return of 8.14% and a 129.37% increase in share value over the last 52 weeks. AppLovin Corporation closed at $651.32 per share on November 10, 2025, with a market cap of $220.117 billion. The letter praised AppLovin’s AI-powered software engine and expansion into various market segments.

Read more at Yahoo Finance: Multiple Factors Lifted AppLovin (APP) in Q3