CNEQ - ETF AI Analysis
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Alger Concentrated Equity ETF (CNEQ)
CNEQ’s rating reflects a portfolio led by high-quality tech and AI-focused leaders like Alphabet, Microsoft, Nvidia, and TSMC, whose strong financial performance and long-term growth prospects support the fund’s overall quality. However, weaker names such as Nebius Group, which faces revenue and cash flow challenges and appears overvalued, likely weigh on the rating, and the fund’s heavy tilt toward technology and AI-related businesses adds sector concentration risk.
CNEQ vs. SPDR S&P 500 ETF (SPY)
- AUM
- 6.14B
- Region
- North America
- Expense Ratio
- 0.56%
- Beta
- 1.52
- Issuer
- Alger
- Inception Date
- Apr 05, 2024
- Dividend Yield
- 0.52%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
CNEQ Summary
Alger Concentrated Equity ETF (CNEQ) is a U.S. stock fund that focuses on large, fast-growing companies rather than tracking a specific index. It holds a relatively small number of big names, with major positions in well-known firms like Nvidia and Microsoft, plus other leading technology and consumer companies. Investors might consider CNEQ if they want growth potential from dominant, innovative businesses while still staying mostly in large, established companies. However, because the fund is concentrated and heavily tilted toward tech and growth stocks, its price can move up and down sharply with market swings.
How much will it cost me?
CNEQ has an expense ratio of 0.56%, which means you’ll pay about $5.60 per year for every $1,000 invested. This cost is higher than the average ETF because it’s actively managed and uses a concentrated stock-picking strategy rather than simply tracking an index.
What would affect this ETF?
CNEQ is heavily focused on large U.S. technology and communication companies like Nvidia, Microsoft, Alphabet, and Amazon, so it could benefit if innovation, artificial intelligence, and overall economic growth stay strong and investors continue to favor growth stocks. On the negative side, higher interest rates, slower U.S. economic growth, or tighter regulations on big tech and data privacy could hurt these companies, and the ETF’s concentrated portfolio means setbacks in a few major holdings may have a bigger impact on performance.
CNEQ Top 10 Holdings
CNEQ is essentially riding the Big Tech and semiconductor wave, with Nvidia, TSMC, and Microsoft doing much of the heavy lifting. Nvidia and TSMC have been rising over the past few months, powered by AI demand, while Microsoft and Amazon add steady, cloud-driven support. Apple is still contributing, but its momentum looks more measured, like a runner catching their breath. On the flip side, Alphabet and Western Digital have turned more mixed lately, occasionally dragging on returns. The fund is heavily tilted toward U.S. tech and communication names, with a dash of global chip exposure via TSMC.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 NVDA | Nvidia | 14.95% | $917.92M | $4.98T | -6.97% | 76Outperform |
 MSFT | Microsoft | 8.87% | $544.86M | $3.87T | 5.67% | 79Outperform |
 TSM | TSMC | 6.03% | $370.06M | $1.81T | 20.25% | 81Outperform |
 GOOG | Alphabet Class C | 5.36% | $329.02M | $3.41T | -1.06% | 82Outperform |
 AAPL | Apple | 4.29% | $263.78M | $4.84T | 27.40% | 79Outperform |
 AMZN | Amazon | 4.46% | $273.91M | $2.71T | 4.00% | 71Outperform |
 AVGO | Broadcom | 4.15% | $254.82M | $1.59T | -18.79% | 76Outperform |
 TLN | Talen Energy Corp | 4.01% | $246.18M | $16.90B | -21.63% | 60Neutral |
 WDC | Western Digital | 3.56% | $218.51M | $130.02B | 67.16% | 77Outperform |
 TSLA | Tesla | 3.52% | $215.92M | $1.58T | -25.62% | 73Outperform |
CNEQ Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNEQ, the sentiment is Negative. The current price of 34.62 is below the 20-day moving average (MA) of 38.40, below the 50-day MA of 39.51, and below the 200-day MA of 37.46, indicating a bearish trend. The MACD of -0.99 indicates Positive momentum. The RSI at 27.65 is Positive, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNEQ.
CNEQ Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| CNEQ | $34.62 | $42.00(21.32% Upside) | $6.14B | 0.56% | 68Neutral |
 JGRO | $85.51 | $128.87(50.71% Upside) | $9.48B | 0.44% | 73Outperform |
 FELG | $39.59 | $59.64(50.64% Upside) | $5.45B | 0.18% | 75Outperform |
 TCHP | $46.01 | $70.64(53.54% Upside) | $2.07B | 0.57% | 75Outperform |
 TGRT | $41.85 | $60.42(44.36% Upside) | $1.67B | 0.38% | 74Outperform |
 LGDS | $44.30 | $68.55(54.73% Upside) | $1.04B | 0.30% | 75Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CNEQ | Alger Concentrated Equity ETF | 34.62 | 0.16 | 0.46% | |
| JGRO | JPMorgan Active Growth ETF | 85.51 | -7.41 | -7.98% | |
| FELG | Fidelity Enhanced Large Cap Growth ETF | 39.59 | -1.58 | -3.85% | |
| TCHP | T. Rowe Price Blue Chip Growth ETF | 46.01 | -2.83 | -5.79% | |
| TGRT | T. Rowe Price Growth ETF | 41.85 | -2.09 | -4.77% | |
| LGDS | JPMorgan Fundamental Data Science Large Growth ETF | 44.30 | -4.79 | -9.75% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.