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Weatherbie Specialized Growth Fund points to Cardinal Infrastructure amid AI-led Q2
Cardinal Infrastructure Group closed at $69.25 per share on July 20, 2026, after the fund highlighted the company as a notable contributor in its second-quarter investor update.
Yahoo Finance reported that Fred Alger Management released its Alger Weatherbie Specialized Growth Fund second-quarter 2026 investor letter, citing a strong US equities rebound in Q2. The S&P 500 rose 15.2% in the quarter, its best performance since 2020, as a US-Iran ceasefire and accelerated AI investment supported risk appetite.
According to the letter, sector leadership reflected the AI narrative, with information technology and industrials rising while energy and utilities lagged amid falling oil and gas prices. The fund said the Weatherbie Specialized Growth Fund Class A shares outperformed the Russell 2500 Growth Index in Q2, with industrials and information technology contributing to relative performance, while financials and consumer discretionary detracted.
The investor update also singled out Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) as a notable contributor. The company is described as a civil contracting firm providing site development and infrastructure services, including water, sewer, stormwater installations, and work such as grading, site clearing, erosion control, and paving.
In market performance referenced in the update, Cardinal Infrastructure Group closed at $69.25 per share on July 20, 2026. The outlet noted the stock was down 4.8% over one month, up 186.4% year to date, and that the company’s market capitalization was $1.38 billion.
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