Chesley Taft & Associates Cuts Alphabet Stake as Berkshire Boosts Holdings
Chesley Taft & Associates LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the second quarter, according to a recent filing with the Securities and Exchange Commission.
The institutional investor owned 100,825 shares of the information services provider's stock after selling 2,778 shares during the quarter.
Alphabet makes up approximately 1.4% of Chesley Taft & Associates LLC's investment portfolio, making the stock its 17th largest position.
Chesley Taft & Associates LLC's holdings in Alphabet were worth $36,032,000 as of its most recent filing with the Securities and Exchange Commission.
In related news, Berkshire Hathaway sharply increased its Alphabet position by 83% in the second quarter, making it the company's third-largest U.S.-listed equity holding.
Alphabet's SpaceX investment has become exceptionally valuable, with a gain of over $94 billion at the end of June.
The company disclosed that its roughly $900 million investment in SpaceX in 2015 was worth about $94 billion at the end of June.