---
ticker: "CNEQ"
name: "Alger Concentrated Equity ETF"
url: "https://etf.net/etf/CNEQ"
grade: "C"
score: 46
graded_at: "2026-10-12"
category: "US Active Growth"
category_rank: "47 of 90"
methodology: "https://etf.net/methodology"
---

# CNEQ: Alger Concentrated Equity ETF

Grade **C**, Score 46 of 100. Rank 47 of 90 in US Active Growth.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 50 | 41 of 90 |
| Mission | 37 | 25 of 27 |
| Risk | 31 | 71 of 82 |
| Tradability | 60 | 29 of 90 |
| Holdings | 23 | 87 of 89 |
| Durability | 77 | 17 of 90 |

## Top holdings

The fund holds 30 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | NVDA | NVIDIA Corp USD 0.001 | 14.85% |
| 2 | MSFT | Microsoft Com USD0.00000625 | 8.57% |
| 3 | GOOG | Alphabet Inc Class C | 6.31% |
| 4 | TSM | Taiwan Semiconductor M Twd 10.0 Adr | 5.90% |
| 5 | AAPL | Apple Inc USD 0.00001 | 5.26% |
| 6 | AVGO | Broadcom Inc Npv | 4.96% |
| 7 | AMZN | Amazon Com Inc USD 0.01 | 4.36% |
| 8 | NBIS | Nebius Group N.v. | 4.16% |
| 9 | META | Meta Platforms Inc USD 0.000006 | 3.89% |
| 10 | WDC | Western Digital Corp USD 0.01 | 3.69% |
| 11 | TLN | Talen Energy Corp New USD 0.001 | 3.58% |
| 12 | MU | Micron Technology Inc USD 0.1 | 3.21% |
| 13 | TSLA | Tesla Inc USD 0.001 | 2.94% |
| 14 | GEV | Ge Vernova Inc USD 0.01 | 2.64% |
| 15 | SE | Sea Ltd USD 0.0005 Adr | 2.36% |
| 16 | — | Dreyfus Trsy Oblig Cash Mgmt Class Ins | 2.32% |
| 17 | NTRA | Natera Inc USD 0.0001 | 2.15% |
| 18 | SPCX | Space Expl Technologies C USD 0.001 | 2.14% |
| 19 | AMD | Advanced Micro Devices Inc USD 0.01 | 2.01% |
| 20 | — | Figure Ai | 1.89% |
| 21 | QXO | Qxo Inc USD 0.00001 | 1.85% |
| 22 | HEI.A | Heico Corp New USD 0.01 | 1.76% |
| 23 | LLY | Lilly Eli & Co Npv | 1.65% |
| 24 | — | Cash | 1.43% |
| 25 | FIGR | Figure Technology Soluti USD 0.0001 | 1.31% |
| 26 | ALAB | Astera Labs Inc USD 0.0001 | 1.29% |
| 27 | GFL | Gfl Environmental Inc Npv | 1.25% |
| 28 | APP | Applovin Corp USD 0.00003 | 1.04% |
| 29 | — | Anthropic Pbc | 1.02% |
| 30 | — | 2026 Vdc Lp | 0.24% |

Source: etf.net, https://etf.net/etf/CNEQ. Please cite the page URL.