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Alphabet Loses Significant Stakeholder as Jennison Associates Cuts Holdings

Guavy AI Editorial Team
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GOOGL
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Jennison Associates LLC, an institutional investor, has reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by selling 1,046,633 shares during the second quarter.

The firm now owns 18,809,377 shares of Alphabet's stock, which comprises approximately 4% of Jennison Associates LLC's portfolio and is its fifth-largest holding.

Jennison Associates LLC's holdings in Alphabet are valued at around $6.72 billion, making it the company's largest position.

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