Alphabet shares shift as investors trim and add holdings

In the fourth quarter, several U.S. institutional investors adjusted their positions in Alphabet Inc. FWG Holdings LLC sold 1,403 shares, reducing its stake to 6,958 shares worth about $2.36 million, a 16.8% decline from the prior period. By contrast, Facet Wealth Inc. increased its holding by 46.2%, buying 5,087 shares to bring its total to 16,095 shares. Elevated Financial Group LLC opened a new position, purchasing 7,376 shares valued at roughly $2.31 million. These moves reflect a mixed pattern of trimming and expansion among hedge funds and wealth managers as they respond to Alphabet's recent earnings beat and dividend announcement.