STOCK TITAN

Alger Associates (NASDAQ: FBRX) reports 1.27M shares; 10.2% stake

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Alger Associates, Inc. amended its Schedule 13G to report beneficial ownership of 1,272,596 shares of Forte Biosciences common stock, equal to 10.2% of the class. The filing states these shares are held in open-end investment companies and managed accounts of Fred Alger Management, LLC, a wholly owned subsidiary of Alger Group Holdings, LLC, which in turn is a subsidiary of Alger Associates, Inc. The filing lists sole voting power of 1,268,303 shares and sole dispositive power of 1,272,596 shares. Signature date is 05/15/2026.

Positive

  • None.

Negative

  • None.

Insights

Report documents a >10% passive holding by an investment manager.

The filing records 1,272,596 shares (10.2%) beneficially owned by Alger Associates, held through client accounts managed by Fred Alger Management, LLC. Ownership is presented as passive investment management rather than an operating-level acquisition.

Investment managers' decisions about client accounts will determine any future disposals; cash‑flow treatment and planned dispositions are not stated in the excerpt.

Beneficial ownership 1,272,596 shares Amount beneficially owned (Item 4(a))
Percent of class 10.2% Percent of class (Item 4(b))
Sole voting power 1,268,303 shares Item 4(c)(i)
Sole dispositive power 1,272,596 shares Item 4(c)(iii)
CUSIP 34962G208 Common Stock identifier at top of the filing
Signature date 05/15/2026 Signed by Hal Liebes / Secretary
beneficially owned regulatory
"Amount beneficially owned: 1,272,596 (b) | Percent of class: 10.2%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive power regulatory
"(iii) Sole power to dispose or to direct the disposition of: 1,272,596"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
open-end investment companies financial
"beneficially owned by one or more open-end investment companies or other managed accounts"
managed accounts financial
"managed accounts that are investment management clients of Fred Alger Management, LLC"
Managed accounts are collections of investments owned by an individual or institution but run day-to-day by a professional who buys, sells and allocates assets according to an agreed plan. They matter to investors because they provide tailored oversight, active risk control and potential tax efficiency—like hiring a personal chef to manage your diet—while fees and the manager’s skill directly affect returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What stake does Alger Associates report in FBRX?

Alger Associates reports beneficial ownership of 1,272,596 shares, or 10.2% of the class. The filing states sole voting power of 1,268,303 shares and sole dispositive power of 1,272,596 shares, with holdings held in client investment vehicles managed by Fred Alger Management, LLC.

Are these shares held for Alger Associates or clients of Fred Alger Management?

The filing says the shares are held in open-end investment companies and managed accounts that are clients of Fred Alger Management, LLC. Fred Alger Management is a 100% owned subsidiary of Alger Group Holdings, LLC, which is a 100% owned subsidiary of Alger Associates, Inc.

Does the filing indicate any planned sale or purchase of FBRX shares?

The excerpt does not disclose any planned purchases or sales. It provides beneficial ownership and voting/dispositive power figures but does not state intentions, planned transactions, or methods for any future disposition in the provided text.

What voting and dispositive powers does Alger report for the shares?

Alger reports sole voting power for 1,268,303 shares and sole dispositive power for 1,272,596 shares. Shared voting and dispositive powers are reported as zero in the provided excerpt, matching the listed beneficial ownership total.

What dates and identifiers appear in the filing?

The filing lists CUSIP 34962G208 and a date entry of 03/31/2026 near the header. The signature block is dated 05/15/2026, and the filer is identified as Alger Associates, Inc. with an address for Fred Alger Management provided in the text.





34962G208

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



Alger Associates, Inc.
Signature:/s/ Hal Liebes
Name/Title:Hal Liebes / Secretary
Date:05/15/2026