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Alphabet Inc. (GOOGL): Billionaire David Abrams Reduces Position
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Alphabet Inc. (NASDAQ:GOOGL) is one of the 12 Best Stocks to Buy According to Billionaire David Abrams.
Alphabet Inc. (NASDAQ:GOOGL) has featured in the 13F portfolio of Abrams Capital Management since the second quarter of 2018. Back then, the position comprised nearly 2.5 million shares. In the first quarter of 2020, the fund improved this by 21%, increasing the number of shares owned to nearly 3 million. No major change was made to this stake until the end of 2022, when the fund reduced the position by close to 20%. The stake was further trimmed by 11% at the beginning of 2024. Filings for the fourth quarter of 2025 show that the fund has reduced this position by another 10%. This brings the total number of shares owned by the fund to around 1.9 million.
Contravisory Investment Management Inc. Sells 4,715 Shares of Alphabet Inc. $GOOG
Contravisory Investment Management Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,510 shares of the information services provider's stock after selling 4,715 shares during the period. Alphabet comprises 2.6% of Contravisory Investment Management Inc.'s portfolio, making the stock its 3rd largest position. Contravisory Investment Management Inc.'s holdings in Alphabet were worth $13,340,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. KWB Wealth purchased a new stake in Alphabet during the 4th quarter worth approximately $308,000. Avanza Fonder AB raised its position in shares of Alphabet by 2.5% in the 4th quarter. Avanza Fonder AB now owns 343,151 shares of the information services provider's stock valued at $107,681,000 after purchasing an additional 8,450 shares in the last quarter. Accelerate Investment Advisors LLC boosted its stake in shares of Alphabet by 1.1% during the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock valued at $993,000 after buying an additional 34 shares during the last quarter. Rialto Wealth Management LLC boosted its stake in shares of Alphabet by 34.5% during the 4th quarter. Rialto Wealth Management LLC now owns 803 shares of the information services provider's stock valued at $252,000 after buying an additional 206 shares during the last quarter. Finally, Constitution Capital LLC acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $232,000. Institutional investors and hedge funds own 27.26% of the company's stock.
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Alphabet Inc. Shares Sold by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the third quarter, according to a recent SEC filing. The fund owned 212,080 shares of the information services provider's stock at the end of the reporting period, valued at $51,652,000.
As one of Alphabet's larger institutional investors, the New Mexico Educational Retirement Board's decision to reduce its stake in the company could signal broader investor sentiment around the tech giant's performance and future prospects.
The filing shows the fund sold 10,300 shares of Alphabet stock during the third quarter. Alphabet accounts for approximately 1.6% of New Mexico Educational Retirement Board's portfolio, making it the fund's 9th largest holding.
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