Alphabet Inc. (GOOGL): Israel Englander Trims Holding

Alphabet Inc. (NASDAQ:GOOGL) is featured on the Israel Englander Stock Portfolio: Top 10 Stock Picks.

Alphabet Inc. (NASDAQ:GOOGL) has consistently appeared in the 13F portfolio of Millennium Management since the third quarter of 2015. Back then, this stake comprised 7.2 million shares. Apart from the fourth quarter of 2020, this holding has remained below this figure in all filings submitted since then. The holding even dropped to 366,000 shares in the second quarter of 2022. Filings for the fourth quarter of 2025 show that the fund owned 2.7 million shares in the tech giant, down nearly 26% compared to filings for the third quarter of 2025.

Why Alphabet Inc. (GOOGL) Became the Largest Contributor on Strong AI and Cloud Growth

Alphabet Inc. (NASDAQ:GOOGL) is one of the favorite mega tech stocks on Wall Street because even with the 2026 stock rally, it remains one of the most reasonably priced Magnificent Seven stocks. Trading at less than 30x forward earnings, it is significantly cheaper than peers like Microsoft or Amazon. Hedge funds view the core search monopoly as a cash cow that provides a safety floor, allowing them to get the AI growth potential for a relatively lower entry price. Institutional investors are also rewarding Alphabet for its independence from the expensive Nvidia tax. The firm recently unveiled Ironwood, its latest custom AI chip. This chip allows Google to run AI workloads at a much lower cost than competitors who must buy off-the-shelf hardware.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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