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Guardian Partners Cuts Stake in Alphabet Amid Market Momentum

Guavy AI Editorial Team
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GOOGL
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Guardian Partners Inc., an investment firm, has reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 16.6% during the first quarter of this year.

The fund sold 11,317 shares, leaving it with 57,036 shares worth $16,443,000 at the end of the reporting period.

Alphabet makes up about 1.4% of Guardian Partners Inc.'s investment portfolio, making it their 22nd largest holding.

This news comes amidst other changes in Alphabet's investor base, with several hedge funds and institutional investors buying new stakes or increasing their holdings in the company.

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