True North Advisors 13F: Cuts Alphabet (GOOGL) Stake by $18M

True North Advisors cut its holdings in Alphabet Inc. (GOOGL) by 56.1% during the quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026. The fund sold 51,781 shares of the search and cloud giant, leaving it with 40,522 shares worth about $13.9 million.

GOOGL Alphabet Inc.

$324.22 ▲ +3.08% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in True North Advisors's Alphabet Inc. Position

The reduction lowers True North Advisors's exposure to Alphabet significantly from its previous total of 92,303 shares. Even after the sizable cut, the remaining stake carries a multi-million-dollar value of $13.9 million based on market valuations around the filing date.

Alphabet Inc. Stock Down 4.7%

Alphabet shares closed at $324.22 on the filing date of October 22, 2026, and recently traded at $324.21. The stock has experienced some downward pressure recently, sitting about 5.7% below its 50-day moving average of $343.85 and roughly 20.7% below its 52-week high of $408.61. Despite the pullback, the shares remain up over 30% from their 52-week low of $249.29.

Recent Earnings

Alphabet runs a massive internet and software business encompassing Google Services, Google Cloud, and experimental ventures. The company reported $445.87 billion in trailing twelve-month revenue alongside trailing earnings of $19.93 per share. Profitability remains strong with a net margin of 54.8% and a return on equity of 48.7%. The firm's next quarterly earnings report is scheduled for October 28, 2026.

Dividend

Income investors receive an annual dividend of $0.88 per share, translating to a dividend yield of 0.26%. The payout ratio sits at a modest 4.3%, leaving ample room for future distributions.

Insider Buying and Selling at Alphabet Inc.

Company insiders have executed several share sales over past quarters. Director Kavitark Ram Shriram sold 33,666 shares at $185.76 on July 18, 2025, followed by another sale of 26,000 shares at $205.00 on August 15, 2025. Later, Director John L Hennessy disposed of 600 shares on January 13, 2026, and another 600 shares on February 13, 2026.

Analysts Set New Price Targets

Wall Street firms continue to monitor the tech company closely with generally favorable ratings. UBS maintained a neutral rating while nudging its price target to $380.00 on October 14, 2026. JP Morgan kept an overweight rating on October 15, 2026, raising its target to $425.00. Keybanc maintained an overweight rating with a $410.00 target on October 19, 2026, while BMO Capital kept an outperform rating and lifted its target to $480.00 on October 20, 2026. Citizens wrapped up the recent wave by maintaining a market outperform rating and adjusting its target to $450.00 on October 22, 2026. Overall, the stock holds a consensus strong buy rating from 54 analysts, with a mean price target of $430.33.

About Alphabet Inc.

Headquartered in Mountain View, California, Alphabet offers digital advertising, consumer electronics, cloud computing infrastructure, and software platforms. Its core ecosystem features Google Search, YouTube, Android, Gmail, and Google Maps, serving billions of people and enterprises across the globe.

Bottom Line

Investors will look closely at Alphabet's upcoming financial results on October 28, 2026, to gauge ongoing revenue momentum in advertising and cloud services. Institutional portfolio shifts like True North's quarterly adjustment offer a window into how professional managers rebalance mega-cap tech exposure.