During the first quarter, Versor Investments LP reduced its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 13.1%, as indicated in its latest disclosure with the Securities and Exchange Commission (SEC). The institutional investor sold 2,065 shares during the quarter, leaving it with 13,735 shares of the information services provider’s stock. As of the most recent SEC filing, Versor Investments LP’s holdings in Alphabet were valued at $1,425,000.
Notably, various other hedge funds and institutional investors also made adjustments to their positions in the company. Vanguard Group Inc. saw a substantial increase of 1,919.4% in its Alphabet shares during the third quarter, bringing its total holdings to 477,035,902 shares valued at $45,628,484,000. Similarly, State Street Corp’s holdings in Alphabet experienced a significant surge, growing by 1,900.6% to reach 217,154,306 shares valued at $20,770,809,000.
Moneta Group Investment Advisors LLC displayed remarkable growth, with its Alphabet shares skyrocketing by 111,197.8% during the fourth quarter. The firm’s holdings reached 170,420,243 shares, amounting to $15,036,178,000. Geode Capital Management LLC also showed a modest increase, raising its position in Alphabet by 1.7% in the fourth quarter, resulting in holdings of 117,077,511 shares valued at $10,310,795,000.
Price T Rowe Associates Inc. MD was not left behind, witnessing an exceptional surge of 1,759.2% in Alphabet shares during the third quarter. The firm’s holdings rose to 116,116,066 shares, representing a value of $11,106,502,000. In total, hedge funds and other institutional investors collectively own 35.38% of Alphabet’s outstanding stock.
These adjustments underscore the dynamic changes within institutional investment in Alphabet, reflecting a strategic response to market trends and the evolving landscape of the information services sector.
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