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Alphabet Inc. Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
Institutional investor reduces stake in tech giant
Mar. 17, 2026 at 10:53am
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MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., an institutional investor, reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 9.7% in the third quarter, according to a recent SEC filing. The firm now owns 1,802,084 shares of the information services provider's stock, valued at $438,749,000.
Why it matters
Alphabet, the parent company of Google, is one of the most influential technology companies in the world. Changes in institutional ownership of its stock can provide insights into broader market trends and investor sentiment around the company.
The details
According to the filing, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 193,402 shares of Alphabet stock during the third quarter. The firm's holdings in Alphabet now account for 0.7% of its overall portfolio, making it the 19th largest position.
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. filed the SEC disclosure in the third quarter of 2026.
The players
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
An institutional investor that manages exchange-traded funds (ETFs) and other investment products.
Alphabet Inc.
The parent company of Google and a multinational technology conglomerate.
The takeaway
The reduction in MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s stake in Alphabet suggests that some institutional investors may be taking a more cautious approach to the tech giant's stock. However, Alphabet remains a dominant force in the industry, and changes in institutional ownership are just one factor to consider when evaluating the company's long-term prospects.
