The investment management company Alger published its investor letter “Alger Spectra Fund” in the first quarter of 2021, a copy of which can be downloaded here. In the first quarter of 2021, information technology and consumer staples were the largest weightings in the portfolio sector. Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index for the first quarter of 2021. You can check out the fund’s top 5 positions to see their top bets for 2021.

The Alger Spectra Fund mentioned Jeffrey Bezos’, Inc. (NASDAQ: AMZN) in its first quarter 2021 investor letter and shared its findings about the company., Inc. is a Bellevue, Washington-based e-commerce company with a market capitalization of $ 1.7 trillion. Since the start of the year, AMZN has returned 3.53% and extended its 12-month profits to 40.88%. On April 19, 2021, the stock closed at $ 3,372.01 per share.

Here’s what Alger Spectra Fund has to say about …

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