Alphabet Inc. Shares Sold by Franklin Resources Inc.

Institutional investor reduces stake in tech giant by 11.6% in third quarter

Mar. 11, 2026 at 10:50am

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Franklin Resources Inc., an institutional investor, reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 11.6% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 15,887,316 shares of the information services provider's stock, valued at approximately $3.87 billion.

Why it matters

Institutional investors like Franklin Resources play a significant role in the stock market, and changes in their holdings can impact a company's share price and overall performance. This reduction in Alphabet's largest shareholder could signal a shift in investor sentiment or portfolio rebalancing.

The details

According to the 13F filing, Franklin Resources sold 2,088,731 shares of Alphabet stock during the third quarter. The firm now owns approximately 0.13% of Alphabet's outstanding shares. Alphabet makes up around 1% of Franklin Resources' total investment portfolio.

  • The 13F filing covers the third quarter of 2026, which ended on September 30th.

The players

Franklin Resources Inc.

An American multinational holding company that provides investment management and related services. It is one of the largest investment management firms in the world.

Alphabet Inc.

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

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The takeaway

This reduction in Alphabet's largest institutional shareholder's stake could signal a broader shift in investor sentiment towards the tech giant. However, Alphabet remains a significant holding for Franklin Resources, and the company's fundamentals and growth prospects continue to be viewed positively by many analysts.