Highland Capital Management 13F: Cuts GOOGL Stake by $7.5M

Highland Capital Management reduced its stake in Alphabet Inc. (GOOGL) by 21,699 shares in a filing on October 26, 2026. This brings its total holdings to 172,885 shares valued at approximately $59.5 million.

GOOGL Alphabet Inc.

$320.21 ▲ +1.80% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Highland Capital Management's Alphabet Position

Highland Capital Management's Alphabet position saw a decrease of 21,699 shares, marking an 11.15% reduction. The reported value of this stake now stands at $59,486,271. The filing reflects a strategic move within the fund's overall investment strategy.

Where Alphabet Fits in Highland Capital Management's Portfolio

Alphabet now comprises 7.14% of Highland Capital's total reported portfolio, ranking fourth among the fund's holdings.

Other Institutional Activity in Alphabet Inc.

Several other institutional investors adjusted their stakes in Alphabet recently. UniSuper Management trimmed its holdings by 77,696 shares, bringing its total to 2,043,250 shares valued at about $703 million. In contrast, Gf Fund Management increased its position by 20,564 shares, ending with 451,041 shares worth approximately $155 million.

Alphabet Inc. Stock Down 1.0%

As of October 27, 2026, Alphabet's stock traded around $316.89, which is about 1.0% below its closing price of $320.21 on October 23, 2026. The stock remains about 22.4% below its 52-week high of $408.61, indicating a significant pullback.

Recent Earnings

Alphabet's trailing twelve-month revenue is approximately $445.9 billion, with a net margin of 54.8%. The company is set to announce its next earnings results on October 28, 2026.

Dividend

Alphabet Inc. pays an annual dividend of $0.88 per share, which gives it a yield of about 0.28% based on recent trading prices.

Insider Buying and Selling at Alphabet Inc.

There have been several insider sales at Alphabet. Director Kavitark Ram Shriram sold 33,566 shares for about $6.24 million on July 18, 2025, and another 26,000 shares for approximately $5.33 million on August 15, 2025. Additionally, Director John L Hennessy sold 600 shares on January 13, 2026, and again on February 13, 2026, for a total value of about $386,551.

Analysts Set New Price Targets

On October 14, 2026, UBS maintained a Neutral rating for Alphabet with a price target of $380. JP Morgan also maintained an Overweight rating with a target of $425 on October 15, 2026. The consensus among analysts is a strong buy with a mean target price of $429.12 based on 54 opinions.

About Alphabet Inc.

Alphabet Inc. is a major player in the internet sector, offering a wide range of services including search, advertising, and cloud computing through its Google Services and Google Cloud segments. This recent reduction in stake by Highland Capital reflects broader trends in institutional investing around major tech firms.

Bottom Line

Investors should keep an eye on Alphabet's upcoming earnings report on October 28, 2026, to gauge its financial health. The adjustments by Highland Capital and other funds may signal changing perspectives on the tech giant's future performance.