Fred Alger Management Reduces Stake in Wingstop

Investment firm sells nearly a third of its shares in the restaurant chain

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC has reduced its position in Wingstop Inc. (NASDAQ:WING) by 30.2%, selling 94,878 shares during the third quarter. The firm now owns 219,316 shares, or about 0.79% of the restaurant operator's stock, worth $55,197,000 at the end of the reporting period.

Why it matters

This reduction in Alger's Wingstop holdings is notable as the investment firm was previously a significant shareholder in the fast-casual chicken wing chain. The sale could signal a shift in Alger's investment strategy or outlook on Wingstop's future performance.

The details

According to a 13F filing, Alger sold 94,878 Wingstop shares in the third quarter, reducing its total position to 219,316 shares. Wingstop's stock price has seen volatility in recent months, trading between $192.87 and $388.14 over the past 52 weeks.

  • Fred Alger Management LLC reduced its Wingstop holdings during the 3rd quarter of 2026.

The players

Fred Alger Management LLC

An American investment management firm that previously held a significant stake in Wingstop Inc.

Wingstop Inc.

A fast-casual restaurant chain specializing in chicken wings and related menu items, headquartered in Garland, Texas.

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The takeaway

This reduction in Alger's Wingstop holdings suggests the investment firm may be reevaluating its position in the restaurant chain, potentially due to concerns over the company's recent stock price volatility or future growth prospects.