Alger Small Cap on Berkeley Lights (BLI): “We Believe the Base Business Remains Strong” Alger, an investment management firm, published its “Alger Small Cap Focus Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. During the quarter, the largest portfolio sector weightings were Health Care and Information Technology. The largest sector overweight was Health Care. Class A shares of the Alger Small Cap Focus Fund underperformed the Russell 2000 Growth Index during the first quarter of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Alger Small Cap Focus Fund, in their Q1 2021 investor letter, mentioned Berkeley Lights, Inc. (NASDAQ: BLI) and shared their insights on the company. Berkeley Lights, Inc. is an Emeryville, California-based digital cell biology company that currently has a $3.2 billion market capitalization. Since the beginning of the year, BLI delivered a -46.39% return, while its 3-month gains are also down by -42.77%. As of April 16, 2021, the stock closed at $47.93 per share.