Carmignac Gestion Reveals Significant Stake in Alphabet Inc.
Carmignac Gestion, an institutional investor, has revealed its significant stake in Alphabet Inc. (NASDAQ:GOOGL). The company's most recent Form 13F filing with the Securities & Exchange Commission shows that Carmignac Gestion owned 1,345,592 shares of Alphabet's stock after selling 1,514 shares during the 1st quarter.
This represents a 0.1% reduction in Carmignac Gestion's stake in Alphabet and accounts for 5.9% of the company's holdings. As a result, Alphabet is now Carmignac Gestion's 4th largest position, with a value of $386,765,000.
Other institutional investors have also modified their holdings of GOOGL during the same period. Strategic Wealth Advisors LLC increased its stake in Alphabet by 6.0% and Rockbridge Investment Management LCC boosted its holdings in Alphabet by 0.5%.