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Google Parent Alphabet Is Selling Shares of 2 Hypergrowth Stocks and Piling Into a Promising Artificial Intelligence (AI) Company
AlphabetAlphabet(US:GOOG) fool.com·2024-05-23 17:21

Alphabet oversees more than 2.5billionofinvestedassets.IntheMarchquarter,itdumpedsharesoftwoofitslargestholdingsandnearlyquadrupleditsstakeinafastgrowingartificialintelligence(AI)stock.Onceeveryquarter,institutionalmoneymanagerswithmorethan2.5 billion of invested assets. In the March quarter, it dumped shares of two of its largest holdings and nearly quadrupled its stake in a fast-growing artificial intelligence (AI) stock.Once every quarter, institutional money managers with more than 100 million in assets under management are required to file Form 13F with the Securities and Exchange Commission. A 13F provides an under-the-hood look at what Wall Street's brightest investment minds have been buying and selling i ...