# EDGAR Filing Document

**Accession Number:** 0000003521
**File Stem:** 0000940400-25-014921
**Filing Date:** 2025-12
**Character Count:** 23242
**Document Hash:** d276659c463c8c8081af128bacf578e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014921.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000940400-25-014921

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALGER FUNDS
- **CENTRAL INDEX KEY:** 0000003521

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01355
- **FILM NUMBER:** 251605030

**BUSINESS ADDRESS:**
- **STREET 1:** 100 PEARL STREET
- **STREET 2:** 27TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 212-806-8833

**MAIL ADDRESS:**
- **STREET 1:** 100 PEARL STREET
- **STREET 2:** 27TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALGER FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Alger Small Cap Focus Fund (Series ID: S000020958)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000059337 | Alger Small Cap Focus Fund Class A | AOFAX           |
| C000059339 | Alger Small Cap Focus Fund Class C | AOFCX           |
| C000059340 | Alger Small Cap Focus Fund Class I | AOFIX           |
| C000095961 | Alger Small Cap Focus Fund Class Z | AGOZX           |
| C000179520 | Alger Small Cap Focus Fund Class Y | AOFYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALGER FUNDS

- **b. Investment Company Act file number:** 811-01355

- **c. CIK number of Registrant:** 0000003521

- **d. LEI of Registrant:** 549300GSR7CWA7IW4H72

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Pearl Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10004-6030

  - **Telephone number:** 212-806-8800

**Item A.2. Information about the Series.**

- **a. Name of Series:** ALGER SMALL CAP FOCUS FUND

- **b. EDGAR series identifier (if any):** S000020958

- **c. LEI of Series:** 549300GBZ1DB19PKO880

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $926129333.14

**Total Liabilities:** $1044206.56

**Net Assets:** $925085126.58

**Cash Not Reported:** $10391251.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059337 | 5.55%                | 3.06%                | 7.53%                |
| Class ID C000059339 | 5.47%                | 3.04%                | 7.47%                |
| Class ID C000059340 | 5.52%                | 3.16%                | 7.51%                |
| Class ID C000095961 | 5.59%                | 3.10%                | 7.58%                |
| Class ID C000179520 | 5.58%                | 3.14%                | 7.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9243862.99              | $38671713.47                               |
| Month 2  | $7339022.60              | $21409322.50                               |
| Month 3  | $37592877.31             | $28825473.25                               |

### Schedule of Portfolio Investments

| Name                                              | Title                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Exact Sciences Corp                               | Exact Sciences Corp                               | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |    272699 | NS      | $17640898.31  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc                                | Kura Sushi USA Inc                                | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179455 | NS      | $10216373.15  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                      | Wingstop Inc                                      | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     72348 | NS      | $15672747.24  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                              | SPX Technologies Inc                              | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |    123009 | NS      | $27540485.01  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings Inc                              | Upstart Holdings Inc                              | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |    291233 | NS      | $13839392.16  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                       | Sterling Infrastructure Inc                       | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     36969 | NS      | $13970585.10  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                               | Karman Holdings Inc                               | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111288 | NS      | $9374901.12   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                         | Gates Industrial Corp PLC                         | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    133922 | NS      | $2956997.76   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                      | Glaukos Corp                                      | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     50386 | NS      | $4437495.02   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                               | Stevanato Group SpA                               | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    778054 | NS      | $19622521.88  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                                 | Loar Holdings Inc                                 | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    235695 | NS      | $18650545.35  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc                          | iRhythm Technologies Inc                          | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |    110580 | NS      | $20711634.00  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                                | Riot Platforms Inc                                | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    465734 | NS      | $9212218.52   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                               | Archer Aviation Inc                               | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    467834 | NS      | $5249097.48   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                           | Modine Manufacturing Co                           | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    137096 | NS      | $21004478.16  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                          | Fabrinet                                          | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |     22997 | NS      | $10131788.29  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                         | Construction Partners Inc                         | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |    154169 | NS      | $17629225.15  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc                                | Galaxy Digital Inc                                | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |    923832 | NS      | $32328027.21  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| uniQure NV                                        | uniQure NV                                        | CUSIP: 000000000<br>LEI: 724500RPCTZLFYJZ3S98 | Long             | EC               | CORP              | NL        |    148341 | NS      | $10041202.29  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                             | TransMedics Group Inc                             | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     43485 | NS      | $5720016.90   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                         | nCino Inc                                         | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |    403516 | NS      | $10765806.88  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                  | RBC Bearings Inc                                  | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93319 | NS      | $39989991.07  | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CryoPort Inc                                      | CryoPort Inc                                      | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |   1189762 | NS      | $10993400.88  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPULSE DYNAMICS IRELAND                          | IMPULSE DYNAMICS IRELAND                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        | 534288037 | NS      | $30454418.11  | 3.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Talen Energy Corp                                 | Talen Energy Corp                                 | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63945 | NS      | $25563932.10  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                                          | IonQ Inc                                          | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |    238810 | NS      | $14896967.80  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                            | Guidewire Software Inc                            | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     75004 | NS      | $17523934.56  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                                 | Bloom Energy Corp                                 | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    102262 | NS      | $13514945.92  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                     | Repligen Corp                                     | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    198015 | NS      | $29516115.90  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group NV                                   | Nebius Group NV                                   | CUSIP: 000000000<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |    288551 | NS      | $37748241.82  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                 | AeroVironment Inc                                 | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     43435 | NS      | $16067040.85  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                               | Federal Signal Corp                               | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    119956 | NS      | $14158406.68  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp                                 | Tutor Perini Corp                                 | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |    525927 | NS      | $35426442.72  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                          | VSE Corp                                          | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |    128552 | NS      | $23226775.36  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Abivax SA                                         | Abivax SA                                         | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |    154768 | NS      | $15851338.56  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                        | CareDx Inc                                        | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |    527308 | NS      | $7909620.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                              | Bridgebio Pharma Inc                              | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    140997 | NS      | $8832052.08   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                      | Agilysys Inc                                      | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |    131983 | NS      | $16558587.18  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding                    | Credo Technology Group Holding Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110605 | NS      | $20751710.10  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                               | Guardant Health Inc                               | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |    343911 | NS      | $31990601.22  | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                     | Arrowhead Pharmaceuticals Inc                     | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |    215196 | NS      | $9122158.44   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                                       | Xometry Inc                                       | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |    392067 | NS      | $19089742.23  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Forte Biosciences Inc                             | Forte Biosciences Inc                             | CUSIP: 34962G208<br>LEI: 529900Z84WFDHPS3JP76 | Long             | EC               | CORP              | US        |    496062 | NS      | $6419042.28   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                             | BioLife Solutions Inc                             | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |   1022610 | NS      | $28500140.70  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc                         | Palvella Therapeutics Inc                         | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |     86562 | NS      | $6911110.08   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management Fund | Dreyfus Treasury Obligations Cash Management Fund | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |   9578252 | NS      | $9578252.15   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                                      | Terawulf Inc                                      | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    822783 | NS      | $12753136.50  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLERO DCR                                        | TOLERO DCR                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11905 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GeneDx Holdings Corp                              | GeneDx Holdings Corp                              | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    184442 | NS      | $25251954.22  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS Holdings Ltd                                  | GDS Holdings Ltd                                  | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | CN        |    300387 | NS      | $10723815.90  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                                 | FTAI Aviation Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98517 | NS      | $17033589.30  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp                     | Adaptive Biotechnologies Corp                     | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |   1664096 | NS      | $28888706.56  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                        | Natera Inc                                        | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142263 | NS      | $28300378.59  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                                     | HeartFlow Inc                                     | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146476 | NS      | $5443048.16   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** ALGER FUNDS

**Signature:** Michael D. Martins

**Name of Signer:** Michael D. Martins

**Title:** Treasurer