Fred Alger Management released its third-quarter 2025 investor letter, reporting an 8.12% rise in the S&P 500 Index. Class A shares of the Alger Spectra Fund outperformed the Russell 3000 Growth Index. Check out the fund’s top five holdings for its best picks in 2025.

Alger Spectra Fund highlighted James Hardie Industries plc (NYSE:JHX) in its third-quarter 2025 investor letter. The Dublin-based company manufactures fiber cement and building products. James Hardie Industries plc (NYSE:JHX) stock closed at $17.40 per share on November 10, 2025, with a market capitalization of $10.079 billion.

In its investor letter, Alger Spectra Fund discussed James Hardie Industries plc (NYSE:JHX)’s decline in the third quarter. The company cited softer housing demand and affordability challenges. Despite not being a top hedge fund pick, James Hardie Industries plc (NYSE:JHX) is considered a potential investment opportunity with AI stocks offering greater upside potential.

Read more at Yahoo Finance: James Hardie Industries plc (JHX) Fell Following the Results