Alger Mid Cap Focus Fund highlighted GFL Environmental in its Q2 2026 letter, as the stock closed at $39.56 with a $14.28 billion market cap.
GFL Environmental Inc. (NYSE:GFL) shares declined following disclosure in Fred Alger Management’s Q2 2026 investor letter. The stock closed at $39.56 on July 17, 2026, reflecting a $14.28 billion market capitalization and a one-month return of 13.03%.
The S&P 500 surged 15.2% in Q2 2026, driven by a U.S.-Iran ceasefire and AI investment, with Information Technology and Industrials leading gains. Alger’s Mid Cap Focus Fund outperformed the Russell Midcap Growth Index, supported by strong performances in Health Care and IT.
Alger’s letter noted GFL as a holding, though the stock’s recent slide contrasted with broader market optimism. The fund’s top sectors included AI-adopting industries, while Energy and Utilities lagged due to lower oil and gas prices.