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Pinnacle Associates Ltd. Sells Alphabet Inc. Shares
Institutional investor reduces stake in Google's parent company
Published on Mar. 9, 2026
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Pinnacle Associates Ltd., an institutional investor, decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.3% in the third quarter, according to a recent SEC filing. The firm sold 4,562 shares of the information services provider's stock, leaving it with a total of 349,916 shares worth approximately $85.2 million.
Why it matters
Insider buying and selling activity can provide insights into how institutional investors view a company's prospects. Pinnacle Associates' decision to trim its Alphabet position may signal some concerns about the tech giant's future performance, though the firm still maintains a sizable stake in the company.
The details
Pinnacle Associates Ltd. sold 4,562 shares of Alphabet Inc. stock in the third quarter, reducing its total holdings to 349,916 shares. The firm's position in Alphabet accounts for about 1.1% of its overall portfolio.
- Pinnacle Associates Ltd. filed the Form 13F disclosure for the third quarter of the year.
The players
Pinnacle Associates Ltd.
An institutional investor that manages a portfolio of stocks, including a sizable position in Alphabet Inc.
Alphabet Inc.
The parent company of Google, a multinational technology conglomerate headquartered in Mountain View, California.
The takeaway
Pinnacle Associates' decision to trim its Alphabet position, while still maintaining a significant stake, suggests the firm may have some concerns about the tech giant's future performance. However, Alphabet remains a major holding in the investor's portfolio, indicating the firm still sees long-term value in the company.
