GOOG · News · 20260816N
Investor Ownership Changes
Alphabet Inc. · 2026-08-16 · Importance 38 · Surprise 46 · In source text
Smith Group Asset Management increased its Alphabet stake by 85% during the second quarter to 19,758 shares valued at $6.98 million. Mill Capital Management reduced its Alphabet position by 2.3%, selling 7,622 shares while retaining a holding valued at $114.515 million. Institutional investors collectively owned 27.26% of Alphabet’s stock, indicating substantial institutional ownership despite mixed individual fund activity.
Key facts
- Smith Group Asset Management LLC increased its stake in Alphabet Inc. by 85% in the second quarter, owning 19,758 shares valued at $6.98 million. source
- Alphabet announced a quarterly dividend. source
- Mill Capital Management LLC reduced its stake in Alphabet Inc. by 2.3% during the second quarter, selling 7,622 shares. source
- Alphabet remains Mill Capital Management LLC's third-largest holding, valued at $114.515 million. source
- Everett Harris & Co. CA has made Alphabet Inc. its fourth-largest position. source
- Hedge funds and other institutional investors collectively own 27.26% of Alphabet Inc.'s stock. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | Alphabet announced a quarterly dividend. |
| cash | negative | committed | — | Alphabet announced a quarterly dividend. |