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Smith Group Asset Management Increases Stake in Alphabet

Guavy AI Editorial Team
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GOOGL
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Smith Group Asset Management LLC, an institutional investor, increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.0% during the second quarter. The company's most recent Form 13F filing with the Securities and Exchange Commission revealed this information.

According to the filing, Smith Group Asset Management LLC acquired 23,698 additional shares of Alphabet's stock, bringing its total holdings to 286,318 shares. This represents 4.2% of the company's portfolio, making it the third largest position held by the investor.

The value of Alphabet's shares owned by Smith Group Asset Management LLC was $102,321,000 at the end of the most recent reporting period.

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