Parthenon LLC decreased its ownership in Alphabet Inc. (NASDAQ: GOOGL) by selling 6,180 shares during the third quarter. Following the sale, the firm holds 160,642 shares of the technology company, as reported in its latest 13F filing with the Securities and Exchange Commission.
Alphabet, a leading provider of information services, now represents 4.3% of Parthenon LLC’s investment portfolio.
**Why this matters**
Changes in institutional holdings can signal shifts in investment strategies or outlooks on a company’s future performance. Alphabet remains a significant part of Parthenon LLC’s portfolio despite the modest reduction, reflecting continued confidence in the stock.
Source: NewsData