Alger funds' N-PORT values Figure AI Series C at $194.86 per share at July 31, 2026
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What happened
Alger Funds filed its monthly portfolio report on Form N-PORT with the US Securities and Exchange Commission on September 25, 2026, covering the period ended July 31, 2026. The schedules of investments attached to the filing list Figure AI Series C preferred shares as restricted holdings of Alger funds, which puts the per-share value at $194.86 as of July 31.
The schedule shows the Alger Capital Appreciation Fund holding 155,308 shares valued at $30,263,317, with a cost of $30,274,437 and acquisition dates of November 18, 2025 and June 10, 2026. It shows the Alger Concentrated Equity Fund holding 2,087 shares valued at $406,673, with a cost of $406,822, acquired on June 10, 2026. The schedules give share counts and values rather than a printed per-share price, and the filing gives no previous mark, so it shows a level and not a change. The figure is a fund's reported valuation of its holding, not a price from a funding round. The sources give no company-level valuation for Figure AI.
Key points
- Alger Funds filed its N-PORT report on September 25, 2026 for the period ended July 31, 2026.1
- Figure AI Series C preferred shares were valued at $194.86 per share as of July 31, 2026.2
- The Alger Capital Appreciation Fund held 155,308 shares valued at $30,263,317, at a cost of $30,274,437.2
- The Alger Concentrated Equity Fund held 2,087 shares valued at $406,673, at a cost of $406,822.2
Why it matters
In both funds shown, the reported value sits slightly below the cost, so the funds carry the Series C shares at about what they paid for them in November 2025 and June 2026.
The monthly portfolio report gives a documented valuation point for Figure AI stock outside of a funding round.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Feb 29, 2024 | $2.6B | $675M | Unknown |
| Series C | Sep 16, 2025 | $39B | $1.0B | Parkway Venture Capital |
Updated
Fact-check
- Alger Funds filed a Form N-PORT on September 25, 2026 for the period ended July 31, 2026.Confirmed by [1] SEC EDGAR: NPORT-P filed 2026-09-25 by Alger Funds, period of report 2026-07-31, accession 0000940400-26-038527.Verified
- The Alger Capital Appreciation Fund held 155,308 Figure AI Series C shares valued at $30,263,317, at a cost of $30,274,437, acquired November 18, 2025 and June 10, 2026.Confirmed by [2] SEC EDGAR: schedule of investments as of July 31, 2026 and its restricted-securities table.Verified
- The Alger Concentrated Equity Fund held 2,087 Figure AI Series C shares valued at $406,673, at a cost of $406,822, acquired June 10, 2026.Confirmed by [2] SEC EDGAR: schedule of investments as of July 31, 2026 and its restricted-securities table.Verified
- Figure AI Series C preferred shares were valued at $194.86 per share as of July 31, 2026.The per-share figure comes from the event's own data. [2] lists the shares under Preferred Stocks with share counts and total values but prints no per-share price.Partly verified
Sources
- [1]SEC EDGAR (opens in a new tab)Alger Funds Form NPORT-P, accession 0000940400-26-038527, period 2026-07-31ALGER FUNDS (Filer); Period of Report 2026-07-31
- [2]SEC EDGAR (opens in a new tab)The Alger Funds schedules of investments, July 31, 2026Figure AI, Inc., Series C | 11/18/25, 6/10/26 | $30,274,437 | $30,263,317
