Institutional and Hedge Fund Activity Revealed for Alphabet Inc.

2024-03-12

Alphabet Inc. (GOOGL) was under close scrutiny by both hedge funds and ETFs in the last quarter. During this period, 4,119 hedge funds were holding a significant amount of GOOGL shares, totaling 4,717,072,547 shares. This substantial number of shares held by hedge funds indicates a strong interest in Alphabet's stock within this investor group.

On the ETF side, 64 ETFs were found to be holding GOOGL shares, with a combined total of 230,155,661 shares. While the number of ETFs holding Alphabet shares is lower compared to hedge funds, the significant total number of shares held by ETFs suggests that this investor category also views Alphabet as an attractive investment opportunity.

Among institutional investors, notable entities holding GOOGL shares include Vanguard Group Inc., BlackRock Inc., FMR LLC, State Street Corp, and Geode Capital Management, LLC. These institutions held substantial amounts of Alphabet shares, with Vanguard Group Inc. leading the pack by holding 493,810,219 shares.

Analysis of hedge fund activity in the last quarter revealed that 1,784 hedge funds were buying GOOGL shares, while 1,714 were selling. This data indicates a slightly bullish sentiment overall, with a higher number of funds buying Alphabet shares than selling them. Moreover, 115 hedge funds doubled their position on GOOGL, signaling increased confidence in the stock.

Interestingly, 23 hedge funds opted to sell at least 90% of their GOOGL shares in the last quarter, indicating a bearish sentiment among some funds towards Alphabet's stock.

The data provided by sharkstracker.com offers a data-driven perspective of the market, empowering investors to make well-informed decisions based on the activities of hedge funds, ETFs, and institutional investors in Alphabet Inc. For investors seeking more detailed insights, the full report is available for purchase at the provided link.