State of Michigan Retirement System 13F: Cuts GOOG Stake by $5.5M
Key Points
- The State of Michigan Retirement System's reported value for its Alphabet holding is about $11.02 billion, ranking it 8th among its 966 fund positions.
- State of Michigan Retirement System held 1,544,960 $GOOG shares at quarter end, down 1.03% from the prior quarter.
- Alphabet shares closed at $316.83 on the filing date and recently traded around $316.89, about equal to the closing price.
Get Alphabet text alerts
We text you when insiders, Congress, analysts or big funds move on $GOOG.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Alphabet Inc. alert may contain errors. Disclosures
On October 27, 2026, the State of Michigan Retirement System trimmed its position in Alphabet Inc. (GOOG) by 16,000 shares, reducing its total to 1,544,960 shares. This change reflects a decrease of about 1.0%, valued at approximately $526.4 million, according to the fund's latest Form 13F filing with the SEC.
GOOG
Alphabet Inc.
Where Alphabet Fits in State of Michigan Retirement System's Portfolio
The Alphabet position makes up about 4.78% of the State of Michigan Retirement System's total reported value of $11.02 billion. The fund ranks 8th among its 966 positions, indicating that Alphabet remains a significant investment, despite the recent reduction.
Alphabet Inc. Stock Down 0.1%
Alphabet shares closed at $316.83 on October 27, 2026, the same day the filing was made. Recently, the stock has traded around $316.89, which is about equal to the closing price. However, it is currently trading below its 50-day and 200-day moving averages by approximately 6.5% and 6.6%, respectively.
Recent Earnings
For the trailing twelve months, Alphabet reported revenue of $445.9 billion with an earnings per share of $19.93. The next earnings report is scheduled for October 28, 2026.
Insider Buying and Selling at Alphabet Inc.
Several insiders have sold shares recently. On July 29, 2026, Marsida Saraci, an officer, sold 449 shares at an average price of $333.20 for a total of about $149,607. Frances H. Ph.D. Arnold, a director, sold 82 shares on July 30, 2026, at $333.39, totaling about $27,338. On August 28, 2026, Arnold sold another 82 shares at $337.71 for approximately $27,692.
Analysts Set New Price Targets
On October 15, 2026, JP Morgan maintained its Overweight rating on Alphabet with a new price target of $425. Earlier, on July 23, 2026, they set a target of $420. TD Cowen also maintained a Buy rating with a price target of $485 on October 8, 2026, up from $475.
About Alphabet Inc.
Alphabet Inc. is the parent company of Google and several other businesses. It operates through segments such as Google Services, Google Cloud, and Other Bets. The company provides a wide range of products, including Google Search, YouTube, and Google Cloud services, catering to users globally.
Bottom Line
Investors should watch for Alphabet's upcoming earnings report on October 28, 2026, and any further changes in institutional holdings as funds adjust their positions. The State of Michigan Retirement System's recent trimming of its Alphabet stake adds to the trend of other funds adjusting their positions in this tech giant.
Related Filing Alerts
Source: State of Michigan Retirement System's 13F filing on $GOOG (Oct 27, 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