NPORT-P
    false
    
      
      
        
          0000003521
          XXXXXXXX
        
      
      
      
      
        S000020958
        C000179520
        C000059339
        C000059337
        C000059340
        C000095961
      
      
      
    
  
  
    
      Alger Funds
      811-01355
      0000003521
      549300GSR7CWA7IW4H72
      360 Park Avenue South
      NULL
      New York
      
      10010
      212-806-8833
      Alger Small Cap Focus Fund
      S000020958
      549300GBZ1DB19PKO880
      2021-10-31
      2021-07-31
      N
    
    
      8158695193.84
      15158072.41
      8143537121.43
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      26894240.88000000
      N
      
        
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        COGNEX CORP
        549300JQTYZCLC43S226
        COGNEX CORP 0.00000000
        192422103
        
          
        
        2395292.00000000
        NS
        USD
        216558349.72000000
        2.659266440256
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Q2 HOLDINGS INC
        549300M9RKR9DZXWS696
        Q2 HOLDINGS INC 0.00000000
        74736L109
        
          
        
        1219341.00000000
        NS
        USD
        125970118.71000000
        1.546872284507
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CORE LABORATORIES N.V.
        724500MDYY5VBSAF5W50
        CORE LABORATORIES N.V. 0.00000000
        N22717107
        
          
        
        1606589.00000000
        NS
        USD
        53595809.04000000
        0.658139187441
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CAPRI HOLDINGS LTD
        549300LPG8W0H1OX3A26
        CAPRI HOLDINGS LTD 0.00000000
        G1890L107
        
          
        
        2961028.00000000
        NS
        USD
        166735486.68000000
        2.047457808489
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        HEALTHEQUITY INC
        529900LRJU1RAFQHM467
        HEALTHEQUITY INC 0.00000000
        42226A107
        
          
        
        2377364.00000000
        NS
        USD
        175877388.72000000
        2.159717406545
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SPROUT SOCIAL INC - CLASS A
        N/A
        SPROUT SOCIAL INC - CLASS A 0.00000000
        85209W109
        
          
        
        1163037.00000000
        NS
        USD
        103324207.08000000
        1.268787819583
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BERKELEY LIGHTS INC
        549300LTLRE4N65CD358
        BERKELEY LIGHTS INC 0.00000000
        084310101
        
          
        
        2522470.00000000
        NS
        USD
        114974182.60000000
        1.411845748175
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TREX COMPANY INC
        N/A
        TREX COMPANY INC 0.00000000
        89531P105
        
          
        
        1744432.00000000
        NS
        USD
        169384347.20000000
        2.079984958308
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MONOLITHIC POWER SYSTEMS INC
        529900TB7O85LSZ1XU31
        MONOLITHIC POWER SYSTEMS INC 0.00000000
        609839105
        
          
        
        455607.00000000
        NS
        USD
        204686000.82000000
        2.513477838534
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        INSPIRE MEDICAL SYSTEMS INC
        549300XQQCQ7HCJKTW25
        INSPIRE MEDICAL SYSTEMS INC 0.00000000
        457730109
        
          
        
        787243.00000000
        NS
        USD
        144191427.88000000
        1.770624063351
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HESKA CORP
        529900O1OR2EB7L0HY27
        HESKA CORP 0.00000000
        42805E306
        
          
        
        987040.00000000
        NS
        USD
        237580528.00000000
        2.917411985202
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SHAKE SHACK INC - CLASS A
        529900J74GJAHYP80N79
        SHAKE SHACK INC - CLASS A 0.00000000
        819047101
        
          
        
        2260038.00000000
        NS
        USD
        227224220.52000000
        2.790239881415
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AVALARA INC
        549300Q16CMW239SS315
        AVALARA INC 0.00000000
        05338G106
        
          
        
        1237844.00000000
        NS
        USD
        206930381.48000000
        2.541038106591
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NANOSTRING TECHNOLOGIES INC
        549300G4CK0Y3WRDMY89
        NANOSTRING TECHNOLOGIES INC 0.00000000
        63009R109
        
          
        
        2308526.00000000
        NS
        USD
        142990100.44000000
        1.755872151226
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RBC BEARINGS INC
        N/A
        RBC BEARINGS INC 0.00000000
        75524B104
        
          
        
        1143728.00000000
        NS
        USD
        268776080.00000000
        3.300483266573
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PROS HOLDINGS INC
        549300LPE1KNL5RWKQ48
        PROS HOLDINGS INC 0.00000000
        74346Y103
        
          
        
        3438300.00000000
        NS
        USD
        149290986.00000000
        1.833244986470
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PETIQ INC
        549300GROACFGKVYOX14
        PETIQ INC 0.00000000
        71639T106
        
          
        
        2174403.00000000
        NS
        USD
        76886890.08000000
        0.944146123895
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHAMPIONX CORP
        549300EP2909K6DYYP38
        CHAMPIONX CORP 0.00000000
        15872M104
        
          
        
        6083694.00000000
        NS
        USD
        141385048.56000000
        1.736162633653
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BLACKLINE INC
        529900P9N7PK9LV5EK56
        BLACKLINE INC 0.00000000
        09239B109
        
          
        
        1497380.00000000
        NS
        USD
        171285298.20000000
        2.103328021299
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CRYOPORT INC
        N/A
        CRYOPORT INC 0.00000000
        229050307
        
          
        
        4395628.00000000
        NS
        USD
        271298160.16000000
        3.331453594606
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TACTILE SYSTEMS TECHNOLOGY I
        54930069VDTITHOTKJ98
        TACTILE SYSTEMS TECHNOLOGY I 0.00000000
        87357P100
        
          
        
        1903368.00000000
        NS
        USD
        93226964.64000000
        1.144796950635
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CAREDX INC
        549300NQOFKL9NON0U06
        CAREDX INC 0.00000000
        14167L103
        
          
        
        2433693.00000000
        NS
        USD
        204527559.72000000
        2.511532233110
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GENIUS SPORTS LTD
        N/A
        GENIUS SPORTS LTD 0.00000000
        G3934V109
        
          
        
        6187857.00000000
        NS
        USD
        105936111.84000000
        1.300861164631
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        IAA INC
        549300PZCOPC5178W747
        IAA INC 0.00000000
        449253103
        
          
        
        1410359.00000000
        NS
        USD
        85298512.32000000
        1.047438122379
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BANDWIDTH INC-CLASS A
        549300QC70JB7MUGXM66
        BANDWIDTH INC-CLASS A 0.00000000
        05988J103
        
          
        
        1018554.00000000
        NS
        USD
        132065711.64000000
        1.621724192703
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WINGSTOP INC
        N/A
        WINGSTOP INC 0.00000000
        974155103
        
          
        
        1114199.00000000
        NS
        USD
        190873430.69000000
        2.343863948108
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VERICEL CORP
        54930076YM3PLTDR4B91
        VERICEL CORP 0.00000000
        92346J108
        
          
        
        2841805.00000000
        NS
        USD
        150445156.70000000
        1.847417829091
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FRESHPET INC
        549300S4ZK8ZQ6HNPN59
        FRESHPET INC 0.00000000
        358039105
        
          
        
        669806.00000000
        NS
        USD
        98093088.70000000
        1.204551379054
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NEVRO CORP
        254900SH91I4BOYKUE38
        NEVRO CORP 0.00000000
        64157F103
        
          
        
        954833.00000000
        NS
        USD
        147999115.00000000
        1.817381228735
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NATERA INC
        N/A
        NATERA INC 0.00000000
        632307104
        
          
        
        2348417.00000000
        NS
        USD
        268940714.84000000
        3.302504929120
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PAYCOM SOFTWARE INC
        254900LSB0HNJUDC6Q18
        PAYCOM SOFTWARE INC 0.00000000
        70432V102
        
          
        
        444580.00000000
        NS
        USD
        177832000.00000000
        2.183719400406
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SHOCKWAVE MEDICAL INC
        549300LDXO56IC5Y1538
        SHOCKWAVE MEDICAL INC 0.00000000
        82489T104
        
          
        
        1004112.00000000
        NS
        USD
        182748384.00000000
        2.244091004621
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EARGO INC
        N/A
        EARGO INC 0.00000000
        270087109
        
          
        
        3160384.00000000
        NS
        USD
        113773824.00000000
        1.397105733092
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SMARTSHEET INC-CLASS A
        549300N9WF42OK9VL589
        SMARTSHEET INC-CLASS A 0.00000000
        83200N103
        
          
        
        2170437.00000000
        NS
        USD
        157465204.35000000
        1.933621742026
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ATRICURE INC
        N/A
        ATRICURE INC 0.00000000
        04963C209
        
          
        
        2839044.00000000
        NS
        USD
        239785656.24000000
        2.944490246246
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHEGG INC
        549300AKX7O8JG0O3G77
        CHEGG INC 0.00000000
        163092109
        
          
        
        1892841.00000000
        NS
        USD
        167762497.83000000
        2.060069172995
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WM TECHNOLOGY INC
        549300APSNIYJ4PTIL34
        WM TECHNOLOGY INC 0.00000000
        92971A109
        
          
        
        3580684.00000000
        NS
        USD
        48876336.60000000
        0.600185593449
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VEEVA SYSTEMS INC-CLASS A
        549300YZEXPDB92M2F02
        VEEVA SYSTEMS INC-CLASS A 0.00000000
        922475108
        
          
        
        722212.00000000
        NS
        USD
        240287154.52000000
        2.950648482803
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUARDANT HEALTH INC
        254900M8C3E5VC8BR186
        GUARDANT HEALTH INC 0.00000000
        40131M109
        
          
        
        1278854.00000000
        NS
        USD
        140418169.20000000
        1.724289668066
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BIO-TECHNE CORP
        54930073RLKQ51TILZ35
        BIO-TECHNE CORP 0.00000000
        09073M104
        
          
        
        505130.00000000
        NS
        USD
        243593891.20000000
        2.991254138929
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BIGCOMMERCE HOLDINGS-SER 1
        549300MOVEFQ78DMPG58
        BIGCOMMERCE HOLDINGS-SER 1 0.00000000
        08975P108
        
          
        
        2941260.00000000
        NS
        USD
        190475997.60000000
        2.338983598401
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        REPLIGEN CORP
        54930006QJ0T5AUO1E71
        REPLIGEN CORP 0.00000000
        759916109
        
          
        
        1042321.00000000
        NS
        USD
        256098269.70000000
        3.144803859566
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SIGNIFY HEALTH INC -CLASS A
        N/A
        SIGNIFY HEALTH INC -CLASS A 0.00000000
        82671G100
        
          
        
        2916480.00000000
        NS
        USD
        76761753.60000000
        0.942609488424
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NEOGEN CORP
        549300HJT9FC36N4UW43
        NEOGEN CORP 0.00000000
        640491106
        
          
        
        3415756.00000000
        NS
        USD
        148790331.36000000
        1.827097109540
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        INSULET CORP
        549300TZTYD2PYN92D43
        INSULET CORP 0.00000000
        45784P101
        
          
        
        412670.00000000
        NS
        USD
        115419672.30000000
        1.417316217498
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TOLERO DCR
        N/A
        TOLERO DCR 0.00000000
        N/A
        
          
        
        11905.00000000
        NS
        USD
        9166.85000000
        0.000112565950
        Long
        EC
        CORP
        US
        Y
        
        3
        
          N
          N
          N
        
      
      
        HERC HOLDINGS INC
        549300TP80QLITMSBP82
        HERC HOLDINGS INC 0.00000000
        42704L104
        
          
        
        1461907.00000000
        NS
        USD
        181334944.28000000
        2.226734422353
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOINT CORP/THE
        N/A
        JOINT CORP/THE 0.00000000
        47973J102
        
          
        
        1161928.00000000
        NS
        USD
        91780692.72000000
        1.127037199578
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GUIDEWIRE SOFTWARE INC
        549300WXSG0J8IXZCK32
        GUIDEWIRE SOFTWARE INC 0.00000000
        40171V100
        
          
        
        1268316.00000000
        NS
        USD
        146110003.20000000
        1.794183547288
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        QUIDEL CORP
        549300X2FQ6S98OQLQ46
        QUIDEL CORP 0.00000000
        74838J101
        
          
        
        1262221.00000000
        NS
        USD
        178566404.87000000
        2.192737654502
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EVERBRIDGE INC
        549300WCY0UMR64ATW81
        EVERBRIDGE INC 0.00000000
        29978A104
        
          
        
        1103830.00000000
        NS
        USD
        155882872.60000000
        1.914191220296
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-08-30
      Alger Funds
      Anthony Caputo
      Anthony Caputo
      Assistant Treasurer
    
  
  XXXX





THE ALGER FUNDS

QUARTERLY REPORT
JULY 31, 2021


THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited)

COMMON STOCKS—98.8%   SHARES     VALUE
 
AEROSPACE & DEFENSE—1.2%
               
TransDigm Group, Inc.*
   
61,968
   
$
39,727,065
 
AIR FREIGHT & LOGISTICS—0.6%
               
XPO Logistics, Inc.*
   
134,738
     
18,686,813
 
APPAREL ACCESSORIES & LUXURY GOODS—1.9%
               
Capri Holdings Ltd.*
   
247,958
     
13,962,515
 
Lululemon Athletica, Inc.*
   
47,253
     
18,909,233
 
LVMH Moet Hennessy Louis Vuitton SE
   
38,613
     
30,914,865
 
             
63,786,613
 
APPLICATION SOFTWARE—10.4%
               
Adobe, Inc.*
   
215,961
     
134,247,836
 
Autodesk, Inc.*
   
39,488
     
12,680,781
 
Cadence Design Systems, Inc.*
   
163,614
     
24,157,607
 
Coupa Software, Inc.*
   
51,185
     
11,107,145
 
Five9, Inc.*
   
155,090
     
31,218,066
 
Intuit, Inc.
   
92,982
     
49,277,671
 
RingCentral, Inc., Cl. A*
   
53,188
     
14,215,557
 
salesforce.com, Inc.*
   
264,101
     
63,893,955
 
The Trade Desk, Inc., Cl. A*
   
25,996
     
2,129,332
 
Unity Software, Inc.*
   
24,704
     
2,646,293
 
             
345,574,243
 
AUTOMOBILE MANUFACTURERS—1.6%
               
General Motors Co.*
   
405,758
     
23,063,285
 
Tesla, Inc.*
   
44,119
     
30,318,577
 
             
53,381,862
 
AUTOMOTIVE RETAIL—1.7%
               
Carvana Co., Cl. A*
   
46,611
     
15,734,009
 
Lithia Motors, Inc., Cl. A
   
109,801
     
41,419,133
 
             
57,153,142
 
BIOTECHNOLOGY—0.9%
               
Horizon Therapeutics PLC*
   
146,852
     
14,688,137
 
Natera, Inc.*
   
125,393
     
14,360,006
 
             
29,048,143
 
CASINOS & GAMING—1.4%
               
DraftKings, Inc., Cl. A*
   
311,564
     
15,110,854
 
Flutter Entertainment PLC*
   
36,892
     
6,288,859
 
MGM Resorts International
   
717,084
     
26,912,163
 
             
48,311,876
 
CONSUMER FINANCE—0.1%
               
Upstart Holdings, Inc.*
   
27,218
     
3,286,846
 
DATA PROCESSING & OUTSOURCED SERVICES—8.9%
               
Fiserv, Inc.*
   
109,812
     
12,640,459
 
PayPal Holdings, Inc.*
   
316,118
     
87,099,993
 
Square, Inc., Cl. A*
   
132,239
     
32,697,415
 
Visa, Inc., Cl. A
   
659,718
     
162,547,918
 
             
294,985,785
 
DIVERSIFIED SUPPORT SERVICES—0.6%
               
Cintas Corp.
   
50,985
     
20,097,267
 

- 2 -

THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)

COMMON STOCKS-98.8% (CONT.)
  SHARES
    VALUE
 
ELECTRICAL COMPONENTS & EQUIPMENT—1.1%
               
AMETEK, Inc.
   
82,122
   
$
11,419,064
 
Eaton Corp. PLC
   
161,451
     
25,517,331
 
             
36,936,395
 
FINANCIAL EXCHANGES & DATA—1.2%
               
CME Group, Inc., Cl. A
   
31,644
     
6,712,642
 
S&P Global, Inc.
   
75,139
     
32,213,592
 
             
38,926,234
 
FOOD DISTRIBUTORS—0.1%
               
Sysco Corp.
   
58,293
     
4,325,341
 
FOOTWEAR—1.3%
               
NIKE, Inc., Cl. B
   
254,875
     
42,694,111
 
GENERAL MERCHANDISE STORES—0.6%
               
Target Corp.
   
75,298
     
19,656,543
 
HEALTHCARE EQUIPMENT—4.9%
               
Danaher Corp.
   
271,007
     
80,621,872
 
Dexcom, Inc.*
   
23,887
     
12,313,987
 
Intuitive Surgical, Inc.*
   
47,407
     
47,002,144
 
Medtronic PLC
   
176,695
     
23,201,821
 
             
163,139,824
 
HEALTHCARE SERVICES—0.2%
               
Guardant Health, Inc.*
   
74,356
     
8,164,289
 
HEALTHCARE SUPPLIES—0.8%
               
Align Technology, Inc.*
   
36,793
     
25,600,569
 
HEALTHCARE TECHNOLOGY—0.1%
               
Veeva Systems, Inc., Cl. A*
   
14,947
     
4,973,016
 
HOME IMPROVEMENT RETAIL—0.7%
               
Lowe's Cos., Inc.
   
113,371
     
21,845,458
 
HOTELS RESORTS & CRUISE LINES—1.1%
               
Expedia Group, Inc.*
   
229,161
     
36,865,130
 
INDUSTRIAL GASES—0.2%
               
Air Products & Chemicals, Inc.
   
27,895
     
8,118,282
 
INTERACTIVE HOME ENTERTAINMENT—0.4%
               
Sea Ltd.#,*
   
43,021
     
11,880,679
 
INTERACTIVE MEDIA & SERVICES—10.1%
               
Alphabet, Inc., Cl. C*
   
62,659
     
169,456,253
 
Facebook, Inc., Cl. A*
   
307,922
     
109,712,608
 
Pinterest, Inc., Cl. A*
   
197,472
     
11,631,101
 
Snap, Inc., Cl. A*
   
611,167
     
45,483,048
 
             
336,283,010
 
INTERNET & DIRECT MARKETING RETAIL—7.1%
               
Altaba, Inc.*,@,(a)
   
259,825
     
3,058,140
 
Amazon.com, Inc.*
   
70,314
     
233,976,163
 
             
237,034,303
 
INTERNET SERVICES & INFRASTRUCTURE—2.9%
               
Shopify, Inc., Cl. A*
   
33,213
     
49,817,175
 
Snowflake, Inc., Cl. A*
   
39,447
     
10,481,857
 
Twilio, Inc., Cl. A*
   
93,995
     
35,115,592
 
             
95,414,624
 

- 3 -

THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—98.8% (CONT.)
 
SHARES
   
VALUE
 
INVESTMENT BANKING & BROKERAGE—0.7%
           
Morgan Stanley
   
247,042
   
$
23,711,091
 
MANAGED HEALTHCARE—0.8%
               
UnitedHealth Group, Inc.
   
63,108
     
26,014,380
 
MOVIES & ENTERTAINMENT—2.3%
               
Live Nation Entertainment, Inc.*
   
264,611
     
20,875,162
 
Netflix, Inc.*
   
26,187
     
13,553,605
 
Roku, Inc., Cl. A*
   
96,252
     
41,225,694
 
             
75,654,461
 
OIL & GAS EQUIPMENT & SERVICES—0.1%
               
Schlumberger NV
   
77,765
     
2,241,965
 
OIL & GAS EXPLORATION & PRODUCTION—0.1%
               
Pioneer Natural Resources Co.
   
15,126
     
2,198,867
 
PERSONAL PRODUCTS—0.5%
               
The Estee Lauder Cos., Inc., Cl. A
   
50,730
     
16,935,196
 
PHARMACEUTICALS—1.0%
               
Eli Lilly & Co.
   
37,352
     
9,095,212
 
Zoetis, Inc., Cl. A
   
120,434
     
24,411,972
 
             
33,507,184
 
RAILROADS—0.7%
               
Union Pacific Corp.
   
99,956
     
21,866,375
 
REGIONAL BANKS—0.5%
               
Signature Bank
   
80,394
     
18,247,026
 
RESEARCH & CONSULTING SERVICES—0.3%
               
CoStar Group, Inc.*
   
108,533
     
9,643,157
 
RESTAURANTS—2.0%
               
Chipotle Mexican Grill, Inc., Cl. A*
   
19,912
     
37,104,817
 
Starbucks Corp.
   
231,576
     
28,120,274
 
             
65,225,091
 
SEMICONDUCTOR EQUIPMENT—2.5%
               
Applied Materials, Inc.
   
115,081
     
16,103,284
 
Enphase Energy, Inc.*
   
73,186
     
13,876,066
 
Lam Research Corp.
   
71,637
     
45,662,140
 
SolarEdge Technologies, Inc.*
   
35,048
     
9,094,255
 

           
84,735,745
 
SEMICONDUCTORS—7.2%
               
Advanced Micro Devices, Inc.*
   
401,607
     
42,646,647
 
Micron Technology, Inc.*
   
247,635
     
19,211,523
 
NVIDIA Corp.
   
358,732
     
69,949,153
 
NXP Semiconductors NV
   
164,339
     
33,917,926
 
QUALCOMM, Inc.
   
266,356
     
39,900,129
 
Taiwan Semiconductor Manufacturing Co., Ltd.#
   
293,492
     
34,232,907
 
             
239,858,285
 
SPECIALTY CHEMICALS—0.5%
               
The Sherwin-Williams Co.
   
60,610
     
17,639,328
 
SYSTEMS SOFTWARE—11.3%
               
Crowdstrike Holdings, Inc., Cl. A*
   
119,371
     
30,273,679
 
Microsoft Corp.
   
1,123,973
     
320,231,147
 
SentinelOne, Inc., Cl. A*
   
45,602
     
2,248,635
 

- 4 -

THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 

COMMON STOCKS—98.8% (CONT.)
  SHARES
    VALUE
 
SYSTEMS SOFTWARE—11.3% (CONT.)
           
ServiceNow, Inc.*
   
37,849
   
$
22,251,049
 
             
375,004,510
 
TECHNOLOGY HARDWARE STORAGE & PERIPHERALS—5.0%
               
Apple, Inc.
   
1,140,653
     
166,375,647
 
TRUCKING—0.5%
               
Lyft, Inc., Cl. A*
   
42,074
     
2,327,534
 
Uber Technologies, Inc.*
   
316,009
     
13,733,751
 
             
16,061,285
 
WIRELESS TELECOMMUNICATION SERVICES—0.7%
               
T-Mobile US, Inc.*
   
172,280
     
24,811,766
 
TOTAL COMMON STOCKS
               
(Cost $1,696,115,429)
           
3,285,628,822
 
REAL ESTATE INVESTMENT TRUST—0.2%
 
SHARES
   
VALUE
 
RETAIL—0.2%
           
Simon Property Group, Inc.
   
57,970
     
7,334,365
 
(Cost $5,217,588)
           
7,334,365
 
SPECIAL PURPOSE VEHICLE—0.1%
 
SHARES
   
VALUE
 
DATA PROCESSING & OUTSOURCED SERVICES—0.1%
               
Crosslink Ventures Capital LLC, Cl. A*,@,(a),(b)
   
111
     
4,351,644
 
(Cost $2,775,000)
           
4,351,644
 
Total Investments
               
(Cost $1,704,108,017)
   
99.1
%
 
$
3,297,314,831
 
Affiliated Securities (Cost $2,775,000)
           
4,351,644
 
Unaffiliated Securities (Cost $1,701,333,017)
           
3,292,963,187
 
Other Assets in Excess of Liabilities
   
0.9
%
   
30,489,810
 
NET ASSETS
   
100.0
%
 
$
3,327,804,641
 

#
American Depositary Receipts.
(a)
Security is valued in good faith at fair value determined using significant unobservable inputs pursuant to procedures established by the Board.
(b)
Deemed an affiliate of the Fund in accordance with Section 2(a)(3) of the Investment Company Act of 1940. See Note 5 - Affiliated Securities.
*
Non-income producing security.
@
Restricted security - Investment in security not registered under the Securities Act of 1933. Sales or transfers of the investment may be restricted only to qualified buyers.

Security
Acquisition
Date(s)
 
Acquisition
Cost
   
% of net assets
(Acquisition
Date)
   
Market
Value
   
% of net assets
as of
7/31/2021
 
Altaba, Inc.
10/24/18
 
$
805,470
     
0.03
%
 
$
539,278
     
0.02
%
Altaba, Inc.
10/25/18
   
1,188,343
     
0.04
%
   
791,850
     
0.02
%
Altaba, Inc.
10/29/18
   
1,156,773
     
0.04
%
   
802,643
     
0.02
%
Altaba, Inc.
10/30/18
   
751,641
     
0.03
%
   
531,357
     
0.02
%
Altaba, Inc.
10/31/18
   
271,272
     
0.01
%
   
182,553
     
0.00
%
Altaba, Inc.
11/6/18
   
321,297
     
0.01
%
   
210,459
     
0.01
%
Crosslink Ventures Capital LLC, Cl. A 10/2/20     2,775,000
      0.08
%
    4,351,644
      0.13
%
Total
                    $
 7,409,784       0.22
%

See Notes to Financial Statements.

- 5 -

THE ALGER FUNDS

 

 ALGER 35 FUND

Schedule of Investments July 31, 2021 (Unaudited)
 
COMMON STOCKS-97.0%
  SHARES
    VALUE
 
AEROSPACE & DEFENSE—3.9%
             
HEICO Corp.
   
12,009
   
$
1,624,217
 
APPLICATION SOFTWARE—7.5%
               
Adobe, Inc.*
   
2,043
     
1,269,990
 
Datadog, Inc., Cl. A*
   
7,331
     
811,542
 
Paycom Software, Inc.*
   
1,681
     
672,400
 
The Trade Desk, Inc., Cl. A*
   
4,715
     
386,205
 
             
3,140,137
 
BIOTECHNOLOGY—2.2%
               
Natera, Inc.*
   
7,926
     
907,686
 
DATA PROCESSING & OUTSOURCED SERVICES—11.7%
               
Marqeta, Inc., Cl. A*
   
41,153
     
1,104,135
 
PayPal Holdings, Inc.*
   
5,920
     
1,631,138
 
Square, Inc., Cl. A*
   
2,289
     
565,978
 
Visa, Inc., Cl. A
   
6,349
     
1,564,330
 
             
4,865,581
 
FINANCIAL EXCHANGES & DATA—2.9%
               
S&P Global, Inc.
   
2,836
     
1,215,850
 
HEALTHCARE EQUIPMENT—7.0%
               
Dexcom, Inc.*
   
1,885
     
971,736
 
Intuitive Surgical, Inc.*
   
1,958
     
1,941,279
 
             
2,913,015
 
HEALTHCARE TECHNOLOGY—2.7%
               
Veeva Systems, Inc., Cl. A*
   
3,379
     
1,124,227
 
INTERACTIVE MEDIA & SERVICES—10.1%
               
Alphabet, Inc., Cl. C*
   
464
     
1,254,851
 
Genius Sports Ltd.*
   
54,324
     
930,027
 
Pinterest, Inc., Cl. A*
   
20,520
     
1,208,628
 
Snap, Inc., Cl. A*
   
11,098
     
825,913
 
             
4,219,419
 
INTERNET & DIRECT MARKETING RETAIL—9.7%
               
Amazon.com, Inc.*
   
1,046
     
3,480,659
 
MercadoLibre, Inc.*
   
367
     
575,713
 
             
4,056,372
 
INTERNET SERVICES & INFRASTRUCTURE—1.5%
               
Shopify, Inc., Cl. A*
   
409
     
613,471
 
LIFE SCIENCES TOOLS & SERVICES—2.6%
               
Bio-Techne Corp.
   
2,265
     
1,092,274
 
OIL & GAS EQUIPMENT & SERVICES—1.4%
               
Core Laboratories NV
   
17,419
     
581,098
 
PHARMACEUTICALS—2.0%
               
Catalent, Inc.*
   
7,047
     
844,301
 
RESEARCH & CONSULTING SERVICES—2.1%
               
CoStar Group, Inc.*
   
9,890
     
878,726
 
RESTAURANTS—2.0%
               
Shake Shack, Inc., Cl. A*
   
8,138
     
818,195
 
SEMICONDUCTOR EQUIPMENT—7.3%
               
Applied Materials, Inc.
   
15,622
     
2,185,986
 

- 6 -

THE ALGER FUNDS

 

 ALGER 35 FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—97.0% (CONT.)
 
SHARES
   
VALUE
 
SEMICONDUCTOR EQUIPMENT—7.3% (CONT.)
           
SolarEdge Technologies, Inc.*
   
3,239
   
$
840,456
 
             
3,026,442
 
SEMICONDUCTORS—6.9%
               
Advanced Micro Devices, Inc.*
   
8,017
     
851,325
 
QUALCOMM, Inc.
   
5,633
     
843,824
 
Taiwan Semiconductor Manufacturing Co., Ltd.#
   
10,141
     
1,182,846
 
             
2,877,995
 
SYSTEMS SOFTWARE—10.4%
               
Crowdstrike Holdings, Inc., Cl. A*
   
3,429
     
869,629
 
Microsoft Corp.
   
12,164
     
3,465,645
 
             
4,335,274
 
TECHNOLOGY HARDWARE STORAGE & PERIPHERALS—3.1%
               
Apple, Inc.
   
8,756
     
1,277,150
 
TOTAL COMMON STOCKS
               
(Cost $32,220,727)
           
40,411,430
 
REAL ESTATE INVESTMENT TRUST—1.4%
 
SHARES
   
VALUE
 
RETAIL—1.4%
           
Simon Property Group, Inc.
   
4,455
     
563,647
 
(Cost $461,809)
           
563,647
 
Total Investments
               
(Cost $32,682,536)
   
98.4
%
 
$
40,975,077
 
Unaffiliated Securities (Cost $32,682,536)
           
40,975,077
 
Other Assets in Excess of Liabilities
   
1.6
%
   
684,788
 
NET ASSETS
   
100.0
%
 
$
41,659,865
 

*
Non-income producing security.
#
American Depositary Receipts.

See Notes to Financial Statements.

- 7 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited)
 
COMMON STOCKS—91.5%
 
SHARES
   
VALUE
 
AEROSPACE & DEFENSE—1.5%
           
General Dynamics Corp.
   
4,078
   
$
799,411
 
Raytheon Technologies Corp.
   
8,937
     
777,072
 
TransDigm Group, Inc.*
   
1,079
     
691,736
 
             
2,268,219
 
ASSET MANAGEMENT & CUSTODY BANKS—4.4%
               
BlackRock, Inc., Cl. A
   
3,473
     
3,011,681
 
The Blackstone Group, Inc.
   
21,938
     
2,528,793
 
The Carlyle Group, Inc.
   
22,818
     
1,151,625
 
             
6,692,099
 
AUTOMOBILE MANUFACTURERS—0.2%
               
General Motors Co.*
   
5,440
     
309,210
 
BIOTECHNOLOGY—2.3%
               
AbbVie, Inc.
   
19,027
     
2,212,840
 
Amgen, Inc.
   
2,814
     
679,693
 
Gilead Sciences, Inc.
   
9,368
     
639,741
 
             
3,532,274
 
BROADCASTING—0.2%
               
ViacomCBS, Inc., Cl. B
   
6,820
     
279,143
 
BUILDING PRODUCTS—0.6%
               
Johnson Controls International PLC
   
13,534
     
966,598
 
CABLE & SATELLITE—1.5%
               
Comcast Corp., Cl. A
   
37,618
     
2,213,067
 
COMMODITY CHEMICALS—0.4%
               
Dow, Inc.
   
8,651
     
537,746
 
COMMUNICATIONS EQUIPMENT—1.2%
               
Cisco Systems, Inc.
   
32,297
     
1,788,285
 
CONSTRUCTION MACHINERY & HEAVY TRUCKS—0.2%
               
PACCAR, Inc.
   
3,193
     
264,987
 
CONSUMER ELECTRONICS—0.7%
               
Garmin Ltd.
   
6,386
     
1,003,879
 
COPPER—0.4%
               
Southern Copper Corp.
   
10,006
     
656,794
 
DATA PROCESSING & OUTSOURCED SERVICES—1.3%
               
Visa, Inc., Cl. A
   
8,062
     
1,986,396
 
DIVERSIFIED BANKS—5.2%
               
Bank of America Corp.
   
53,089
     
2,036,494
 
JPMorgan Chase & Co.
   
38,426
     
5,832,298
 
             
7,868,792
 
ELECTRIC UTILITIES—0.7%
               
NextEra Energy, Inc.
   
13,080
     
1,018,932
 
ELECTRICAL COMPONENTS & EQUIPMENT—1.0%
               
Eaton Corp. PLC
   
9,753
     
1,541,462
 
FINANCIAL EXCHANGES & DATA—1.2%
               
CME Group, Inc., Cl. A
   
8,293
     
1,759,194
 
FOOD DISTRIBUTORS—0.5%
               
Sysco Corp.
   
10,761
     
798,466
 
HEALTHCARE EQUIPMENT—0.9%
               
Medtronic PLC
   
9,912
     
1,301,545
 

- 8 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)


 
COMMON STOCKS—91.5% (CONT.)
 
SHARES
   
VALUE
 
HEALTHCARE SERVICES—1.1%
           
CVS Health Corp.
   
20,050
   
$
1,651,318
 
HOME IMPROVEMENT RETAIL—2.8%
               
The Home Depot, Inc.
   
13,121
     
4,306,181
 
HOUSEHOLD PRODUCTS—1.5%
               
The Procter & Gamble Co.
   
16,518
     
2,349,355
 
HYPERMARKETS & SUPER CENTERS—0.8%
               
Walmart, Inc.
   
8,590
     
1,224,504
 
INDUSTRIAL CONGLOMERATES—2.2%
               
Honeywell International, Inc.
   
14,404
     
3,367,511
 
INDUSTRIAL GASES—1.1%
               
Air Products & Chemicals, Inc.
   
5,816
     
1,692,630
 
INTEGRATED OIL & GAS—2.1%
               
Chevron Corp.
   
15,195
     
1,547,003
 
Exxon Mobil Corp.
   
14,685
     
845,415
 
TotalEnergies SE#
   
18,551
     
809,380
 
             
3,201,798
 
INTEGRATED TELECOMMUNICATION SERVICES—2.0%
               
AT&T, Inc.
   
31,054
     
871,065
 
Verizon Communications, Inc.
   
37,786
     
2,107,703
 
             
2,978,768
 
INTERACTIVE MEDIA & SERVICES—9.7%
               
Alphabet, Inc., Cl. A*
   
2,072
     
5,583,066
 
Alphabet, Inc., Cl. C*
   
1,941
     
5,249,279
 
Facebook, Inc., Cl. A*
   
10,765
     
3,835,570
 
             
14,667,915
 
INTERNET & DIRECT MARKETING RETAIL—2.2%
               
Amazon.com, Inc.*
   
1,013
     
3,370,849
 
INVESTMENT BANKING & BROKERAGE—2.9%
               
Morgan Stanley
   
45,840
     
4,399,723
 
MANAGED HEALTHCARE—2.2%
               
UnitedHealth Group, Inc.
   
8,036
     
3,312,600
 
MULTI-LINE INSURANCE—0.4%
               
The Hartford Financial Services Group, Inc.
   
9,936
     
632,128
 
MULTI-UTILITIES—0.5%
               
Sempra Energy
   
5,566
     
727,198
 
OIL & GAS STORAGE & TRANSPORTATION—0.3%
               
ONEOK, Inc.
   
10,099
     
524,845
 
PHARMACEUTICALS—6.0%
               
AstraZeneca PLC#
   
14,699
     
841,371
 
Bristol-Myers Squibb Co.
   
13,462
     
913,666
 
Eli Lilly & Co.
   
4,391
     
1,069,209
 
GlaxoSmithKline PLC#,(a)
   
19,014
     
763,222
 
Johnson & Johnson
   
16,211
     
2,791,534
 
Merck & Co., Inc.
   
10,553
     
811,209
 
Novartis AG#
   
8,155
     
753,440
 
Pfizer, Inc.
   
28,623
     
1,225,351
 
             
9,169,002
 

- 9 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—91.5% (CONT.)
 
SHARES
   
VALUE
 
RAILROADS—0.7%
           
Union Pacific Corp.
   
4,822
   
$
1,054,861
 
RESTAURANTS—1.3%
               
McDonald's Corp.
   
4,437
     
1,076,904
 
Starbucks Corp.
   
7,343
     
891,661
 
             
1,968,565
 
SEMICONDUCTOR EQUIPMENT—2.1%
               
KLA Corp.
   
9,338
     
3,251,118
 
SEMICONDUCTORS—4.2%
               
Broadcom, Inc.
   
6,013
     
2,918,710
 
QUALCOMM, Inc.
   
15,442
     
2,313,212
 
Taiwan Semiconductor Manufacturing Co., Ltd.#
   
10,109
     
1,179,114
 
             
6,411,036
 
SOFT DRINKS—2.6%
               
PepsiCo, Inc.
   
13,893
     
2,180,506
 
The Coca-Cola Co.
   
31,149
     
1,776,428
 
             
3,956,934
 
SYSTEMS SOFTWARE—9.4%
               
Microsoft Corp.
   
50,311
     
14,334,107
 
TECHNOLOGY HARDWARE STORAGE & PERIPHERALS—7.9%
               
Apple, Inc.
   
82,465
     
12,028,345
 
TOBACCO—1.1%
               
Altria Group, Inc.
   
21,102
     
1,013,740
 
Philip Morris International, Inc.
   
7,160
     
716,644
 
             
1,730,384
 
TOTAL COMMON STOCKS
               
(Cost $49,594,752)
           
139,098,763
 
MASTER LIMITED PARTNERSHIP—0.5%
 
SHARES
   
VALUE
 
OIL & GAS STORAGE & TRANSPORTATION—0.5%
           
Cheniere Energy Partners LP
   
17,250
     
729,158
 
(Cost $584,259)
           
729,158
 
REAL ESTATE INVESTMENT TRUST—5.0%
 
SHARES
   
VALUE
 
HEALTHCARE—0.6%
           
Welltower, Inc.
   
10,370
     
900,738
 
INDUSTRIAL—0.5%
               
Americold Realty Trust
   
19,006
     
738,383
 
MORTGAGE—0.7%
               
Blackstone Mortgage Trust, Inc., Cl. A
   
33,724
     
1,093,332
 
RETAIL—0.7%
               
Simon Property Group, Inc.
   
8,560
     
1,083,011
 
SPECIALIZED—2.5%
               
Crown Castle International Corp.
   
11,708
     
2,260,698
 
CyrusOne, Inc.
   
9,552
     
680,771
 
Lamar Advertising Co., Cl. A
   
7,743
     
825,404
 

           
3,766,873
 
TOTAL REAL ESTATE INVESTMENT TRUST
               
(Cost $4,842,224)
           
7,582,337
 

- 10 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
SHORT—TERM INVESTMENTS—0.2%
 
SHARES
   
VALUE
 
MONEY MARKET FUND—0.2%
           
Invesco Government & Agency Portfolio, Cl. Institutional, 0.03%
   
246,483
   
$
246,483
 
(Cost $246,483)
           
246,483
 
Total Investments
               
(Cost $55,267,718)
   
97.2
%
 
$
147,656,741
 
Unaffiliated Securities (Cost $55,267,718)
           
147,656,741
 
Other Assets in Excess of Liabilities
   
2.8
%
   
4,261,486
 
NET ASSETS
   
100.0
%
 
$
151,918,227
 

#
American Depositary Receipts.
(a)
All or portion of the security is on loan.
*
Non-income producing security.

- 11 -

THE ALGER FUNDS
 
ALGER MID CAP GROWTH FUND
Schedule of Investments July 31, 2021 (Unaudited)

COMMON STOCKS—95.9%
 
SHARES
   
VALUE
 
ADVERTISING—1.4%
           
Magnite, Inc.*
   
142,557
   
$
4,319,477
 
AEROSPACE & DEFENSE—2.0%
               
HEICO Corp.
   
32,776
     
4,432,954
 
Textron, Inc.
   
23,224
     
1,602,688
 
             
6,035,642
 
AIR FREIGHT & LOGISTICS—0.7%
               
XPO Logistics, Inc.*
   
16,367
     
2,269,939
 
APPAREL ACCESSORIES & LUXURY GOODS—3.0%
               
Capri Holdings Ltd.*
   
31,216
     
1,757,773
 
Lululemon Athletica, Inc.*
   
11,217
     
4,488,707
 
Moncler SpA
   
42,736
     
2,935,101
 
             
9,181,581
 
APPAREL RETAIL—0.4%
               
Burlington Stores, Inc.*
   
3,360
     
1,124,928
 
APPLICATION SOFTWARE—18.6%
               
ANSYS, Inc.*
   
7,297
     
2,688,652
 
Avalara, Inc.*
   
18,229
     
3,047,342
 
Bill.com Holdings, Inc.*
   
18,210
     
3,766,192
 
Cadence Design Systems, Inc.*
   
19,332
     
2,854,370
 
Coupa Software, Inc.*
   
8,309
     
1,803,053
 
Datadog, Inc., Cl. A*
   
28,124
     
3,113,327
 
DocuSign, Inc., Cl. A*
   
17,973
     
5,356,673
 
Dynatrace, Inc.*
   
49,475
     
3,159,968
 
Fair Isaac Corp.*
   
5,259
     
2,755,243
 
Five9, Inc.*
   
25,476
     
5,128,064
 
HubSpot, Inc.*
   
3,445
     
2,053,289
 
Manhattan Associates, Inc.*
   
29,091
     
4,643,796
 
Paycom Software, Inc.*
   
15,588
     
6,235,200
 
PTC, Inc.*
   
28,913
     
3,916,266
 
Sprout Social, Inc., Cl. A*
   
41,957
     
3,727,460
 
The Trade Desk, Inc., Cl. A*
   
36,742
     
3,009,537
 
             
57,258,432
 
AUTOMOTIVE RETAIL—1.7%
               
Advance Auto Parts, Inc.
   
3,656
     
775,291
 
Carvana Co., Cl. A*
   
8,180
     
2,761,241
 
Lithia Motors, Inc., Cl. A
   
4,577
     
1,726,536
 
             
5,263,068
 
BIOTECHNOLOGY—6.6%
               
Alector, Inc.*
   
15,595
     
374,826
 
Celldex Therapeutics, Inc.*
   
34,085
     
1,491,219
 
DermTech, Inc.*
   
72,252
     
2,432,002
 
Forte Biosciences, Inc.*
   
159,745
     
4,785,960
 
Moderna, Inc.*
   
6,690
     
2,365,584
 
Morphic Holding, Inc.*
   
20,201
     
1,163,981
 
Natera, Inc.*
   
56,436
     
6,463,051
 
Novavax, Inc.*
   
7,412
     
1,329,194
 
             
20,405,817
 

- 12 -

THE ALGER FUNDS
 
ALGER MID CAP GROWTH FUND
Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—95.9% (CONT.)
 
SHARES
   
VALUE
 
BROADCASTING—0.8%
           
Discovery, Inc., Cl. A*
   
88,296
   
$
2,561,467
 
CASINOS & GAMING—2.4%
               
DraftKings, Inc., Cl. A*
   
30,664
     
1,487,204
 
Evolution AB
   
18,695
     
3,252,916
 
MGM Resorts International
   
69,309
     
2,601,167
 
             
7,341,287
 
CONSUMER FINANCE—1.0%
               
Upstart Holdings, Inc.*
   
25,928
     
3,131,065
 
DATA PROCESSING & OUTSOURCED SERVICES—1.9%
               
Marqeta, Inc., Cl. A*
   
102,543
     
2,751,229
 
Square, Inc., Cl. A*
   
12,347
     
3,052,919
 
             
5,804,148
 
DIVERSIFIED SUPPORT SERVICES—2.7%
               
Cintas Corp.
   
7,869
     
3,101,802
 
Copart, Inc.*
   
27,372
     
4,023,684
 
IAA, Inc.*
   
18,235