In a recent 13F filing, First Eagle Investment Management disclosed a significant reduction in its holding of Alphabet Inc. (GOOGL) during the second quarter of 2026. The filing, which reflects trades made between March 31 and June 30, 2026, showed a 56.69% decrease in shares, from 1.20 million to approximately 518,920. The market value of the firm's position fell from $344.57 million to $185.45 million.
This move is noteworthy as First Eagle's own quarterly commentary for its U.S. Fund cited Alphabet as a 'leading contributor' to performance in the second quarter. The firm highlighted strong future cloud revenues, high demand for AI infrastructure, and resilient digital-ad sales as reasons for the stock's strength during the period. Investors are reminded that 13F filings are delayed, providing a snapshot of a portfolio at the end of a quarter and not necessarily reflecting current holdings or real-time trading activity.