Highland Capital Management 13F: Cuts GOOG Stake by $11M
Key Points
- This cut represents a 20.4% decrease in Highland Capital's holdings, now valued at about $41.4 million.
- Highland Capital Management held 121,425 $GOOG shares at quarter end, down 20.38% from the prior quarter.
- GOOG shares recently traded around $314.19, which is about equal to the closing price on the filing date.
- Highland Capital's position in Alphabet represents 4.97% of its total reported value of $833 million.
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Highland Capital Management reduced its stake in Alphabet Inc. (GOOG) by 31,072 shares in a filing on October 26, 2026.
GOOG
Alphabet Inc.
What Changed in Highland Capital's Alphabet Position
Highland Capital's cut in shares reflects a 20.4% decrease from its previous holding of 152,497 shares. The reported value of this reduction is about $10.6 million, indicating a strategic adjustment in their investment in Alphabet.
Where Alphabet Fits in Highland Capital's Portfolio
Alphabet now accounts for 4.97% of Highland Capital's total reported 13F portfolio, ranking 6th among its 415 positions.
Other Institutional Activity in Alphabet
Ag2R la Mondiale Gestion D'Actifs increased its holdings in Alphabet by 19,194 shares, bringing its total to 221,897 shares valued at about $75.6 million. Tokio Marine Asset Management added 9,017 shares to reach 280,031 shares worth approximately $95.4 million. Simon Quick Advisors saw a significant boost, adding 72,878 shares for a total of 99,512 shares valued at around $33.9 million.
Alphabet Inc. Stock Down 1.0%
After Highland Capital's recent cut, Alphabet shares are trading at about $314.19, which is below both the 50-day and 200-day moving averages by 7.3% and 7.4%, respectively. The stock is also down about 22.3% from its 52-week high of $404.47, indicating a challenging market environment for the tech giant.
Recent Earnings
Alphabet reported a trailing twelve-month revenue of $445.9 billion, with an impressive revenue growth of 24.2% year-over-year. The next earnings report is scheduled for October 28, 2026, which could provide further insights into the company's performance.
Dividend
Alphabet pays an annual dividend rate of $0.88 per share, resulting in a yield of 0.28%. This is a relatively low yield compared to other tech companies, reflecting its focus on growth.
Analysts Set New Price Targets
On October 15, 2026, JP Morgan maintained its "Overweight" rating on Alphabet with a new price target of $425. This follows earlier ratings from TD Cowen, which maintained a "Buy" rating with a $485 target on October 8. The consensus recommendation for Alphabet remains a strong buy, with a mean price target of $422.36 from 14 analysts.
About Alphabet Inc.
Alphabet Inc. is the parent company of Google and several other businesses. It operates through segments like Google Services, Google Cloud, and Other Bets, providing a wide range of products and services including search, ads, and cloud computing. The recent changes in institutional holdings reflect ongoing shifts in investor sentiment towards the tech sector.
Bottom Line
Investors should watch for Alphabet's upcoming earnings report on October 28, 2026, for insights into its financial health. Further filings may reveal more about how other institutions are adjusting their positions in the stock.
Related Filing Alerts
Source: Highland Capital Management's 13F filing on $GOOG (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts