State of Michigan Retirement System 13F: Cuts GOOGL Stake by $16M
Key Points
- The State of Michigan Retirement System reduced its Alphabet Inc. holdings by 47,100 shares, bringing its total to 1,531,470 shares valued at approximately $526.9 million.
- Alphabet Inc. closed at $320.58 on October 27, 2026, and has traded recently around $320.56, which is about equal to its closing price on that date.
- The fund's Alphabet position now accounts for 4.78% of its total reported value of about $11 billion, ranking 7th among its reported holdings.
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On October 27, 2026, the State of Michigan Retirement System trimmed its position in Alphabet Inc. (GOOGL) by 47,100 shares, leaving it with a total of 1,531,470 shares. This move is valued at about $52.7 million, according to the fund's latest Form 13F filing with the SEC.
GOOGL
Alphabet Inc.
What Changed in State of Michigan Retirement System's Alphabet Position
The State of Michigan Retirement System's stake in Alphabet decreased by 2.98%. The fund's total reported value for this position is approximately $526.9 million, reflecting a significant adjustment in their investment strategy.
Where Alphabet Fits in State of Michigan Retirement System's Portfolio
Alphabet now makes up 4.78% of the State of Michigan Retirement System's total reported value of about $11 billion. This position ranks 7th among the fund's holdings.
Other Institutional Activity in Alphabet Inc.
Indivisible Partners increased its stake in Alphabet by 14,687 shares, ending with 66,609 shares valued at about $22.9 million. This activity indicates continued interest in the tech giant among institutional investors, despite the State of Michigan's recent adjustments.
Alphabet Inc. Stock Up 0.1%
Alphabet closed at $320.58 on October 27, 2026, and has recently traded around $320.56. This price is about equal to its closing price on that date. However, the stock is currently below its 50-day and 200-day moving averages by 6.4% and 6.1%, respectively. It is also 21.5% below its 52-week high of $408.61.
Recent Earnings
Alphabet reported trailing twelve-month revenue of approximately $445.9 billion, with an EPS of $19.93. 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 of $0.88 per share, translating to a yield of 0.28%. This is relatively modest compared to other tech companies.
Insider Buying and Selling at Alphabet Inc.
Several insiders have sold shares in the past year. Kavitark Ram Shriram, a director, 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. Additionally, John L. Hennessy sold 600 shares on January 13, 2026, and again on February 13, 2026, indicating ongoing insider activity.
Analysts Set New Price Targets
On October 14, 2026, UBS maintained a Neutral rating on 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 recommendation for Alphabet is a strong buy, with a mean price target of $429.12.
About Alphabet Inc.
Alphabet Inc. is a leading technology company that provides a wide range of products and platforms, including Google Services and Google Cloud. The company operates in various sectors, including ads, devices, and online services. The recent trimming of shares by the State of Michigan Retirement System reflects ongoing adjustments in institutional investment strategies.
Bottom Line
Investors should keep an eye on Alphabet's upcoming earnings report on October 28, 2026, as it may influence future trading strategies. The State of Michigan Retirement System's recent adjustments highlight the dynamic nature of institutional investing in major tech stocks.
Related Filing Alerts
Source: State of Michigan Retirement System's 13F filing on $GOOGL (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