Alphabet Inc. Shares Sold by New Mexico Educational Retirement Board

Institutional investor reduces stake in tech giant

Mar. 20, 2026 at 9:37am

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New Mexico Educational Retirement Board lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the third quarter, according to a recent SEC filing. The fund owned 212,080 shares of the information services provider's stock at the end of the reporting period, valued at $51,652,000.

Why it matters

As one of Alphabet's larger institutional investors, the New Mexico Educational Retirement Board's decision to reduce its stake in the company could signal broader investor sentiment around the tech giant's performance and future prospects.

The details

The filing shows the fund sold 10,300 shares of Alphabet stock during the third quarter. Alphabet accounts for approximately 1.6% of New Mexico Educational Retirement Board's portfolio, making it the fund's 9th largest holding.

  • The share sale occurred during the third quarter of the year.

The players

New Mexico Educational Retirement Board

A public pension fund that manages retirement assets for educators in the state of New Mexico.

Alphabet Inc.

The parent company of Google and a multinational technology conglomerate.

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The takeaway

This filing highlights the shifting investment strategies of major institutional investors when it comes to large tech companies like Alphabet. While the reasons behind the New Mexico fund's decision are not fully clear, it could signal broader market uncertainty around Alphabet's future performance and growth prospects.