Czech National Bank Boosts Stake in Google Parent Alphabet

The Czech National Bank has increased its stake in Alphabet Inc., the parent company of Google, by buying an additional 83,430 shares during the second quarter.

This brings the bank's total holdings in Alphabet to 1,669,026 shares, which is approximately 3.3% of its investment portfolio and makes it the company's fifth-largest position.

The value of the Czech National Bank's holdings in Alphabet as of its most recent SEC filing was $596,460,000.

This move comes amidst a period of significant changes to Alphabet's stock ownership, with several other institutional investors also making adjustments to their positions in the company.