First Trust Advisors Reduces Stake in Alphabet Inc.

Institutional investor sells over 500,000 shares of Google's parent company in Q3

Mar. 8, 2026 at 9:28am

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First Trust Advisors LP, an institutional investor, reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 21.1% in the third quarter, selling 531,018 shares. The firm now owns 1,989,484 shares of the information services provider's stock, valued at $484,539,000 at the end of the reporting period.

Why it matters

Institutional investors' trading activity in major tech companies like Alphabet can provide insights into market sentiment and investment trends. This sale by First Trust Advisors suggests a potential shift in their outlook on Alphabet's stock performance.

The details

According to the filing, First Trust Advisors sold 531,018 shares of Alphabet stock in the third quarter, reducing its total position by 21.1%. The firm now holds 1,989,484 shares of the information services provider, valued at $484,539,000 as of the end of the reporting period.

  • The sale occurred in the third quarter of 2026.

The players

First Trust Advisors LP

An institutional investor and asset management firm.

Alphabet Inc.

The parent company of Google, a multinational technology conglomerate headquartered in Mountain View, California.

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The takeaway

This reduction in First Trust Advisors' Alphabet holdings could signal a broader shift in investor sentiment towards the tech giant, as institutional investors reevaluate their positions in response to market conditions and company performance.