Institutional Giants Vanguard and BlackRock Lead Hedge Fund Activity in Alphabet (GOOG)

2024-03-12

Alphabet (GOOG) was under close scrutiny by a significant number of hedge funds and ETFs during the last quarter. At that time, 3,730 hedge funds collectively held 3,498,546,534 shares of GOOG, while 60 ETFs had 196,000,202 shares in their portfolios.

Vanguard Group Inc. and BlackRock Inc. emerged as the top institutional holders of GOOG, possessing 410,988,828 and 355,432,546 shares, respectively.

Throughout the quarter, 1,384 hedge funds were actively buying GOOG, while 1,602 were selling their positions. The buying activity amounted to 92,952,130 shares, whereas 175,104,859 shares were sold. Notably, 97 hedge funds doubled their positions on GOOG, while 13 hedge funds divested at least 90% of their GOOG shares.

The data furnished by sharkstracker.com provided a data-driven perspective on the market dynamics, shedding light on the trading activities of hedge funds and institutions concerning GOOG. For a comprehensive analysis, the complete report can be accessed at https://www.sharkstracker.com/reports/ReportDetail12:GOOG/?rrr=3.