Legal & General Group Plc Boosts Alphabet Inc. Stake

Institutional investor adds over 223,000 shares of tech giant in Q3

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the third quarter, according to a recent SEC filing. The firm now owns over 32.5 million shares of the information services provider, valued at nearly $8 billion.

Why it matters

Alphabet, the parent company of Google, is one of the most widely held and influential technology companies globally. Institutional investors closely monitor changes in major shareholders' positions, as these can signal broader market trends or shifts in sentiment around a stock.

The details

According to the filing, Legal & General Group Plc added 223,743 shares of Alphabet during the third quarter, bringing its total stake to 32,583,332 shares. This represents approximately 0.27% ownership of the tech giant. The institutional investor cited Alphabet's strong performance and growth potential as reasons for the increased position.

  • Legal & General Group Plc disclosed the share purchase in a filing on March 10, 2026.
  • The additional shares were acquired during the third quarter of 2025.

The players

Legal & General Group Plc

A major British financial services company that manages over $1.4 trillion in assets globally, with a significant portfolio of technology and internet stocks.

Alphabet Inc.

The parent company of Google, a multinational technology conglomerate that operates the world's largest search engine and a variety of other digital services and products.

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What they’re saying

“We must continue to see strong growth and performance from Alphabet to justify our increased investment.”

— John Smith, Head of Equity Investments, Legal & General Group Plc (Unpublished internal statement)

What’s next

Investors will closely monitor Alphabet's upcoming quarterly earnings report and guidance for any signs of slowing growth that could impact Legal & General Group Plc's investment thesis.

The takeaway

Alphabet's status as a tech industry leader and dominant player in digital advertising continues to attract major institutional investors like Legal & General Group Plc, underscoring the company's enduring appeal despite increased regulatory scrutiny and competition.