Value investor David Abrams' firm, Abrams Capital Management, reduced its position in Alphabet Inc. (GOOGL) by 26.55% during the second quarter of 2026. The fund sold approximately 495,000 shares, bringing its total holding down to 1.37 million. The sale represented an estimated trade value of $177 million based on the period's average prices.
This trade was disclosed in an August 13F filing, which reports positions held as of June 30, 2026, a standard institutional reporting delay. Despite the significant reduction, Alphabet remains a top three position for the highly concentrated fund, with the remaining stake valued at nearly $490 million and accounting for almost 9% of its portfolio.