Alphabet Stakeholder Adjustments Continue Amid Market Volatility

Flagship Wealth Advisors LLC has reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 33.6% in the first quarter, according to a recent filing with the Securities & Exchange Commission.

The firm owned 3,458 shares of Alphabet's stock after selling 1,748 shares during the quarter, valued at $994,000 as of its most recent filing.

Other large investors have also made significant changes to their positions in Alphabet. Norges Bank bought a new position in the company worth about $30.5 billion in the fourth quarter.

Vanguard Group Inc. boosted its position by 2.4% during the same period, while Cardano Risk Management B.V. increased its stake by 855.3%, now owning 14.5 million shares valued at $4.5 billion.