Here’s What Lifted Legence Corp. (LGN) in Q1

Here’s What Lifted Legence Corp. (LGN) in Q1 Soumya Eswaran Mon, May 25, 2026 at 11:21 PM GMT+7 3 min read LGN ^GSPC Fred Alger Management, an investment management company, released its “Alger Weatherbie Specialized Growth Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2026, the Class. A shares of the Alger Weatherbie Specialized Growth Fund underperformed the Russell 2500 Growth Index. The Information Technology and Consumer Staples sectors contributed to the relative performance, while Health Care and Financials detracted. US equities experienced volatility in the first quarter of 2026, with the S&P 500 Index falling 4.33%. The AI disruption and the U.S.-Iran conflict altered the economic landscape during this period. The Fund focuses on identifying companies that are leveraging AI technology for task automation and workflow management. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Alger Weatherbie Specialized Growth Fund highlighted stocks like Legence Corp. (NASDAQ:LGN). Legence Corp. (NASDAQ:LGN) is an engineering and construction services provider that engages in the engineering, installation, and maintenance services for mission-critical systems in buildings. On May 22, 2026, Legence Corp. (NASDAQ:LGN) closed at $81.58 per share. One-month return of Legence Corp. (NASDAQ:LGN) was 0.18%, and YTD its shares gained 89.54%. Legence Corp. (NASDAQ:LGN) has a market capitalization of $13.4 billion.

Alger Weatherbie Specialized Growth Fund stated the following regarding Legence Corp. (NASDAQ:LGN) in its Q1 2026 investor letter: