Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
ALGER FOCUS EQUITY FUND · ALGER INSTITUTIONAL FUNDS
54 holdings · as of 2026-04-30 (4.6 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 8.85% of portfolio weight is in non-compliant holdings, over the 5% threshold.
1.06% of that is conventional interest-bearing debt — US Treasuries or agency mortgage paper — identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
54 holdings, 42 matched (87% of weight). Portfolio as of 2026-04-30, filed 2026-06-26. Source: SEC Form N-PORT.
1.12% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (36 of 54 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
50.6% compliant 27.1% questionable 8.9% non-compliant 13.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA CORP | COMPLIANT | 13.01% | AAOIFI0.7% Usmani12.1% Dow Jones Islamic1.0% S&P Shariah1.2% MSCI Islamic12.1% MSCI Islamic M-Series1.2% FTSE Shariah10.4% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 7.50% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 6.76% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| GOOG ALPHABET INC | QUESTIONABLE | 6.48% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| WDC WESTERN DIGITAL CORP | COMPLIANT | 5.29% | AAOIFI0.7% Usmani8.6% Dow Jones Islamic1.8% S&P Shariah2.3% MSCI Islamic8.6% MSCI Islamic M-Series2.3% FTSE Shariah7.6% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 5.07% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| AVGO BROADCOM INC | COMPLIANT | 4.84% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| META META PLATFORMS INC | QUESTIONABLE | 4.64% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| AAPL APPLE INC | COMPLIANT | 3.81% | AAOIFI1.8% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| NEBIUS GROUP NV | UNSCREENED | 3.74% | no in-house ratios for this holding |
| TSLA TESLA INC | COMPLIANT | 2.84% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| QXO QXO INC | NON_COMPLIANT | 2.73% | AAOIFI49.4% Usmani31.0% Dow Jones Islamic64.2% S&P Shariah94.5% MSCI Islamic30.2% MSCI Islamic M-Series94.5% FTSE Shariah26.6% |
| APP APPLOVIN CORP | COMPLIANT | 2.51% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Disruptive Technology Solutions LI, LLC Series C | UNSCREENED | 2.18% | no in-house ratios for this holding |
| ALAB ASTERA LABS INC | COMPLIANT | 1.93% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 2026 VDC LP SPV | UNSCREENED | 1.61% | no in-house ratios for this holding |
| Databricks, Inc. Series J | UNSCREENED | 1.55% | no in-house ratios for this holding |
| SE SEA LTD | COMPLIANT | 1.55% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| TLN TALEN ENERGY CORP | NON_COMPLIANT | 1.43% | AAOIFI61.3% Usmani63.5% Dow Jones Islamic68.1% S&P Shariah74.8% MSCI Islamic63.5% MSCI Islamic M-Series74.8% FTSE Shariah63.5% |
| GEV GE VERNOVA INC | COMPLIANT | 1.39% | AAOIFI1.1% Usmani3.5% Dow Jones Islamic1.7% S&P Shariah2.0% MSCI Islamic3.5% MSCI Islamic M-Series2.0% FTSE Shariah3.5% |
| NTRA NATERA INC | COMPLIANT | 1.34% | AAOIFI0.5% Usmani9.0% Dow Jones Islamic0.9% S&P Shariah1.2% MSCI Islamic9.0% MSCI Islamic M-Series1.2% FTSE Shariah3.0% |
| ROKU ROKU INC | QUESTIONABLE | 1.20% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DISRUPTIVE TECHNOLOGY SOL | UNSCREENED | 1.07% | no in-house ratios for this holding |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | NON_COMPLIANT | 1.06% | no in-house ratios for this holding |
| ARWR ARROWHEAD PHARMACEUTICALS INC | COMPLIANT | 1.00% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GFL.TO GFL ENVIRONMENTAL INC | NON_COMPLIANT | 0.86% | AAOIFI35.6% Usmani38.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic38.5% MSCI Islamic M-Series— FTSE Shariah38.5% |
| MELI MERCADOLIBRE INC | COMPLIANT | 0.81% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| HEI HEICO CORP | COMPLIANT | 0.78% | AAOIFI5.8% Usmani25.6% Dow Jones Islamic31.9% S&P Shariah36.0% MSCI Islamic25.6% MSCI Islamic M-Series36.0% FTSE Shariah25.6% |
| SB TECHNOLOGY CORP | UNSCREENED | 0.78% | no in-house ratios for this holding |
| ISRG INTUITIVE SURGICAL INC | COMPLIANT | 0.75% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Anthropic PBC | UNSCREENED | 0.72% | no in-house ratios for this holding |
| AZN ASTRAZENECA PLC | COMPLIANT | 0.72% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BIIB BIOGEN INC | COMPLIANT | 0.64% | AAOIFI21.2% Usmani22.5% Dow Jones Islamic27.5% S&P Shariah24.3% MSCI Islamic22.5% MSCI Islamic M-Series24.3% FTSE Shariah21.3% |
| NRG NRG ENERGY INC | NON_COMPLIANT | 0.59% | AAOIFI85.9% Usmani53.8% Dow Jones Islamic81.4% S&P Shariah98.7% MSCI Islamic53.8% MSCI Islamic M-Series98.7% FTSE Shariah53.3% |
| FIGR FIGURE TECHNOLOGY SOLUTIONS INC | NON_COMPLIANT | 0.56% | AAOIFI3.7% Usmani10.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.6% MSCI Islamic M-Seriesfail FTSE Shariah10.5% |
| DIANTHUS THERAPEUTICS INC | UNSCREENED | 0.54% | no in-house ratios for this holding |
| NFLX NETFLIX INC | QUESTIONABLE | 0.52% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| RKT ROCKET COMPANIES INC | NON_COMPLIANT | 0.51% | AAOIFI27.1% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah26.9% MSCI Islamic17.7% MSCI Islamic M-Series26.9% FTSE Shariah17.7% |
| ABIVAX SA | UNSCREENED | 0.50% | no in-house ratios for this holding |
| NOW SERVICENOW INC | COMPLIANT | 0.49% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| CAT CATERPILLAR INC | COMPLIANT | 0.44% | AAOIFI1.4% Usmani5.3% Dow Jones Islamic2.1% S&P Shariah2.5% MSCI Islamic5.3% MSCI Islamic M-Series2.5% FTSE Shariah5.3% |
| SN SHARKNINJA INC | COMPLIANT | 0.38% | AAOIFI3.7% Usmani16.3% Dow Jones Islamic5.8% S&P Shariah6.9% MSCI Islamic16.3% MSCI Islamic M-Series6.9% FTSE Shariah12.8% |
| HOOD ROBINHOOD MARKETS INC | NON_COMPLIANT | 0.34% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| MDB MONGODB INC | COMPLIANT | 0.34% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| SGI SOMNIGROUP INTERNATIONAL INC | NON_COMPLIANT | 0.32% | AAOIFI39.9% Usmani55.2% Dow Jones Islamic45.0% S&P Shariah52.4% MSCI Islamic55.2% MSCI Islamic M-Series52.4% FTSE Shariah38.0% |
| Figure AI Inc Class C | UNSCREENED | 0.31% | no in-house ratios for this holding |
| BSX BOSTON SCIENTIFIC CORP | COMPLIANT | 0.28% | AAOIFI19.4% Usmani27.9% Dow Jones Islamic10.0% S&P Shariah10.9% MSCI Islamic27.9% MSCI Islamic M-Series10.9% FTSE Shariah27.9% |
| DD DUPONT DE NEMOURS INC | COMPLIANT | 0.27% | AAOIFI17.6% Usmani14.8% Dow Jones Islamic12.1% S&P Shariah11.4% MSCI Islamic14.8% MSCI Islamic M-Series11.4% FTSE Shariah14.8% |
| CRWV COREWEAVE INC | NON_COMPLIANT | 0.25% | AAOIFI74.8% Usmani53.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic53.4% MSCI Islamic M-Seriesfail FTSE Shariah32.3% |
| MIR MIRION TECHNOLOGIES INC | COMPLIANT | 0.20% | AAOIFI11.3% Usmani13.5% Dow Jones Islamic10.2% S&P Shariah12.1% MSCI Islamic13.5% MSCI Islamic M-Series12.1% FTSE Shariah12.6% |
| SPOT SPOTIFY TECHNOLOGY SA | NON_COMPLIANT | 0.17% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| XE X-ENERGY INC | NON_COMPLIANT | 0.04% | AAOIFI0.4% Usmani1.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic1.2% MSCI Islamic M-Series— FTSE Shariah0.0% |
| Databricks, Inc. Series K | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Databricks, Inc. Series L | UNSCREENED | 0.03% | no in-house ratios for this holding |
The published standards disagree about this fund by 17 points of portfolio weight — 66.5% of it passes AAOIFI, 49.1% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 66.5% ratios fail on 4.9% 28.3% not rated under AAOIFI
ratios pass on 59.1% ratios fail on 14.2% 26.4% not rated under Usmani
ratios pass on 66.5% ratios fail on 4.0% 29.2% not rated under Dow Jones Islamic
ratios pass on 65.7% ratios fail on 4.0% 30.0% not rated under S&P Shariah
ratios pass on 49.1% ratios fail on 14.9% 35.6% not rated under MSCI Islamic
ratios pass on 65.7% ratios fail on 4.0% 30.0% not rated under MSCI Islamic M-Series
ratios pass on 59.3% ratios fail on 14.0% 26.4% not rated under FTSE Shariah
41 of 54 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (78% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| QXO QXO INC | 2.73% |
| TLN TALEN ENERGY CORP | 1.43% |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | 1.06% |
| GFL.TO GFL ENVIRONMENTAL INC | 0.86% |
| NRG NRG ENERGY INC | 0.59% |
| FIGR FIGURE TECHNOLOGY SOLUTIONS INC | 0.56% |
| RKT ROCKET COMPANIES INC | 0.51% |
| HOOD ROBINHOOD MARKETS INC | 0.34% |
| SGI SOMNIGROUP INTERNATIONAL INC | 0.32% |
| CRWV COREWEAVE INC | 0.25% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
ALGYX (ALGYX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for ALGYX — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 44.60 | NEUTRAL |
| Stochastic %K (14) | 9.41 | BUY |
| CCI (20) | -105.00 | BUY |
| Williams %R (14) | -90.59 | BUY |
| MACD (12,26,9) | -0.38 | SELL |
| ROC (10) | -0.17 | SELL |
| Momentum (10) | -0.20 | SELL |
| EMA (10) | 122.65 | SELL |
| SMA (10) | 123.32 | SELL |
| EMA (20) | 122.90 | SELL |
| SMA (20) | 122.94 | SELL |
| EMA (30) | 122.80 | SELL |
| SMA (30) | 123.50 | SELL |
| EMA (50) | 122.26 | SELL |
| SMA (50) | 122.14 | SELL |
| EMA (100) | 119.93 | BUY |
| SMA (100) | 121.54 | SELL |
| EMA (200) | 114.89 | BUY |
| SMA (200) | 113.67 | BUY |
The advisor intends to invest a substantial portion of its assets in a smaller number of issuers. Generally, the fund will own approximately 50 holdings. Fund holdings may occasionally differ from this number for a variety of reasons. The fund may engage in active trading of portfolio securities. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-09-08 · Asset managers net 912361 (-21819)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.