Alger Associates reports 1.27M FBRX shares
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
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.
Key Figures
Key Terms
beneficially owned regulatory
sole dispositive power regulatory
open-end investment companies financial
managed accounts financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Alger Associates report in FBRX?
What dates and identifiers appear in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.