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Alphabet Stake Reduced by 6.6% by Cardano Risk Management B.V.

Guavy AI Editorial Team
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GOOGL
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Cardano Risk Management B.V. has reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.6% during the second quarter, according to a recent SEC filing.

The company now owns 1,440,207 shares of Alphabet's stock, which is worth $514,687,000 at the end of the most recent reporting period.

Alphabet makes up about 4.0% of Cardano Risk Management B.V.'s investment portfolio, making it the company's 6th largest position.

This move is part of a larger trend, as institutional investors have been increasing their stakes in Alphabet throughout the second quarter.

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