INVN · Alger Russell Innovation ETF
INVN holds 50 stocks. 98% of it is not in the S&P 500, and its top ten are 23% of the fund.
Its ten largest positions
| Holding | Ticker | Weight | |
|---|---|---|---|
| ROBLOX CORP | RBLX | 2.56% | |
| ZEBRA TECHNOLOGIES CORP | ZBRA | 2.38% | |
| EXPEDIA GROUP INC | EXPE | 2.29% | |
| MAPLEBEAR INC | CART | 2.25% | |
| BLOCK INC | XYZ | 2.23% | |
| ZSCALER INC | ZS | 2.21% | |
| BILL HOLDINGS INC | BILL | 2.18% | |
| BIOGEN INC | BIIB | 2.18% | |
| CCC INTELLIGENT SOLUTIONS HOLDINGS INC | CCC | 2.15% | |
| ETSY INC | ETSY | 2.14% |
Period by period
| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
|---|---|---|---|---|
| 3 months | +23.9% | +4.7% | +19.2 pts | +21.8 pts |
| 6 months | +37.7% | +15.2% | +22.6 pts | +17.6 pts |
| 1 year | +31.2% | +20.0% | +11.2 pts | +5.6 pts |
| Since launch | +34.2% | +33.1% | +1.1 pts | −6.4 pts |
In plain words
The top ten holdings are 23% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +31.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 11.2 pts.
| Theme (ETFIQ, editorial) | Broad innovation and megatrends |
|---|---|
| Launched | Jan 7, 2025 |
| Already in the S&P 500, by weight (ETFIQ) | 32.5% |
| Active share vs the S&P 500 (ETFIQ) | 98.5% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 9.8% |
| Active share vs the Nasdaq-100 (ETFIQ) | 98.8% |
| Top ten holdings weight | 22.6% |
| Holdings | 50 |
| Holdings as of (SEC N-PORT) | Jun 30, 2026 |
| Top holdings | ROBLOX CORP 2.6%, ZEBRA TECHNOLOGIES CORP 2.4%, EXPEDIA GROUP INC 2.3%, MAPLEBEAR INC 2.2%, BLOCK INC 2.2%, ZSCALER INC 2.2%, BILL HOLDINGS INC 2.2%, BIOGEN INC 2.2%, CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.1%, ETSY INC 2.1% |
| Net assets (SEC filing, whole fund, as filed for Jun 30, 2026) | $10m |
| Below its all-time high (ETFIQ) | −2.0% |
| Expense ratio (prospectus XBRL) | 0.55% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.56% |
| Closest funds by holdings overlap | ABOT 24%, WCLD 22%, FCLD 18%, SKYY 17%, XSW 16% |
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. How this desk computes every figure
Questions people ask
- How much of INVN is already in the S&P 500?
- By its holdings filed for Jun 30, 2026, 32% of INVN by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different.
- What does INVN hold?
- 50 positions as filed for Jun 30, 2026, with the top ten at 23% of the fund. The largest are ROBLOX CORP at 2.6%, ZEBRA TECHNOLOGIES CORP at 2.4%, EXPEDIA GROUP INC at 2.3%.
- Has INVN beaten the S&P 500?
- Over the year to Sep 4, 2026 INVN returned +31.2% with distributions reinvested, against +20.0% for the S&P 500, so it finished ahead of the index by 11.2 points.
- What does INVN cost?
- The prospectus expense ratio is 0.55% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.56%.
The words on this page
- Active share
- The part of the fund doing something the index is not, as a percentage. It is the part a fee is actually buying.
- Weight overlap
- The share of money two portfolios hold in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice.
- Already in the index
- The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at very different weights.
- Top ten
- What the ten largest positions add up to. The higher it is, the more the fund is a bet on a few companies rather than a theme.
Every term this desk uses, defined in full on the themes desk vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
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Cite this page. ETFIQ, INVN on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/INVN.html Free to use with attribution; the underlying files are at Open data.