Favorable Antitrust Ruling Supported Alphabet (GOOG) in Q3

Bretton Capital Management, an investment management company, released the “Bretton Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 8.21% compared to 8.12% for the S&P 500 Index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Bretton Fund highlighted stocks such as Alphabet Inc. (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG), the parent company of Google, offers various platforms and services operating through Google Services, Google Cloud, and Other Bets segments. The one-month return of Alphabet Inc. (NASDAQ:GOOG) was 14.39%, and its shares gained 63.24% of their value over the last 52 weeks. On October 27, 2025, Alphabet Inc. (NASDAQ:GOOG) stock closed at $281.90 per share, with a market capitalization of $3.399 trillion.

Bretton Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its third quarter 2025 investor letter:

“The main event for the fund this quarter was the favorable antitrust ruling for Alphabet Inc.’s (NASDAQ:GOOG) Google. A federal judge had earlier this year deemed Google a monopoly that unfairly used its position to stifle competition, and for prospective penalties, the US Department of Justice petitioned the court for a number of changes to Google’s business, including banning the payments that Google makes to Apple to be the default search option, divesting its Chrome browser and Android operating system, and sharing aspects of its search algorithm with competitors. The judge decided to mandate some limited sharing of search data, but for the most part, did not implement the harsher penalties, leaving Google’s core search business essentially intact. The jump in Alphabet’s shares added 3.1% to the fund this quarter.”

Alphabet Inc. (NASDAQ:GOOG) is in the 7th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 178 hedge fund portfolios held Alphabet Inc. (NASDAQ:GOOG) at the end of the second quarter which was 164 in the previous quarter. In the third quarter of 2025, Alphabet Inc. (NASDAQ: GOOG) achieved its first-ever $100 billion in revenue. While we acknowledge the risk and potential of Alphabet Inc. (NASDAQ:GOOG) 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 Alphabet Inc. (NASDAQ:GOOG) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Alphabet Inc. (NASDAQ:GOOG) and shared the list of stocks Jim Cramer r0ecently discussed. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.