Alector Inc (ALEC) Quarterly Institutional 13F Update (Q2 2026)

ALEC ranks #3800 out of 37696 tracked stocks by institutional interest, inside the more closely watched half of our coverage.

ALEC is a top-conviction position for Medici Capital LLC — at 6.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in ALEC belongs to TCG Crossover Management, LLC, but the position matters far more to Medici Capital LLC, who has 6.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Essential Partners LLC has trimmed its ALEC position for two straight quarters, cutting it by $7.5K while still holding $773.0.

ALEC is down 3.7% today, but institutions show net buying of $17.0M this quarter — a divergence between today's price move and the underlying institutional flow.

ALEC reported a net loss of $117.9M over the trailing twelve months.

• Not yet profitable — net loss of $117.9M over the trailing twelve months
• Revenue declined 82.9% year over year
• Net income declined year over year, from -$115.3M to -$117.9M
• Operating cash flow was negative, using $184.0M in cash
• Current ratio of 3.83x — enough short-term assets to cover short-term liabilities
• Liabilities run 8.57x equity — a highly leveraged balance sheet worth noting