Local Pensions Partnership Investment 13F: Cuts GOOGL Stake by $56M
Key Points
- Local Pensions Partnership now holds 1,185,147 shares of Alphabet Inc., valued at about $407.9 million after the cut.
- The fund's reduction represents a 12.1% decrease from its previous holding of 1,348,247 shares.
- As of October 27, 2026, Alphabet's stock was recently traded around $316.89, which is 1% below its closing price of $320.21 on October 23, 2026.
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Local Pensions Partnership Investment cut its position in Alphabet Inc. (GOOGL) by 163,100 shares in a filing on October 26, 2026.
The fund's reduction indicates a 12.1% decrease from its prior stake of 1,348,247 shares. This cut represents 12.67% of the fund's total reported 13F value of about $3.22 billion, making it the largest position in the fund's portfolio.
GOOGL
Alphabet Inc.
Where Alphabet Inc. Fits in Local Pensions Partnership's Portfolio
Alphabet Inc. is the top holding in Local Pensions Partnership's portfolio, accounting for 12.67% of its total reported value.
Alphabet Inc. Stock Down 1.0%
Alphabet's stock was recently traded around $316.89 as of October 27, 2026. This is about 1% below its closing price of $320.21 on October 23, 2026. The stock is also below its 50-day and 200-day moving averages by about 7.4% and 7.1%, respectively, and is 22.4% off its 52-week high of $408.61.
Recent Earnings
Alphabet reported trailing twelve-month revenue of about $445.9 billion and an earnings per share (EPS) of $19.93. The next earnings report is scheduled for October 28, 2026.
Dividend
Alphabet pays an annual dividend of $0.88 per share, yielding approximately 0.28%.
Insider Buying and Selling at Alphabet Inc.
Several insiders have sold shares recently. Director Kavitark Ram Shriram sold 33,566 shares at an average price of $185.76 on July 18, 2025, and another 26,000 shares at $205.00 on August 15, 2025. Director John L. Hennessy also sold 600 shares on January 13, 2026, and again on February 13, 2026.
Analysts Set New Price Targets
On October 14, 2026, UBS maintained a "Neutral" rating on Alphabet with a price target of $380.00. JP Morgan also maintained an "Overweight" rating with a target of $425.00 on October 15, 2026. The consensus recommendation for Alphabet is a "strong buy," with a mean price target of $429.12 from 54 analysts.
About Alphabet Inc.
Alphabet Inc. is a major player in the tech industry, providing various products and services through its Google Services, Google Cloud, and Other Bets segments. The company operates platforms such as YouTube, Google Search, and Google Maps, serving customers globally.
Bottom Line
Watch for Alphabet's upcoming earnings report on October 28, 2026, for further insights into its performance. Local Pensions Partnership’s recent cut in holdings reflects a strategic adjustment in its investment approach, but the exact rationale behind this decision remains unclear.
Related Filing Alerts
Source: Local Pensions Partnership Investment's 13F filing on $GOOGL (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