Alphabet Surpasses $1.40 Billion as Assenagon Asset Management S.A.'s Biggest Holding

Assenagon Asset Management S.A., a significant investor in Alphabet Inc. (NASDAQ:GOOGL), has increased its position in shares of the information services provider by 107.4% during the second quarter, according to the company's most recent disclosure with the Securities and Exchange Commission.

The fund owned 3,910,970 shares of Alphabet's stock after buying an additional 2,025,076 shares during the period. This accounts for approximately 1.7% of Assenagon Asset Management S.A.'s investment portfolio, making Alphabet its 10th biggest position.

Assenagon Asset Management S.A.'s holdings in Alphabet were worth $1,397,663,000 at the end of the most recent reporting period. This significant stake highlights the importance of Alphabet's performance to Assenagon Asset Management S.A.'s overall investment strategy.