In a significant portfolio shift, Farallon Capital Management completely exited its position in Alphabet (GOOG), a 13F filing dated August 14, 2026, revealed. The sale of 996,231 shares, valued at approximately $285.78 million, occurred during the second quarter, which ended June 30, 2026. This disclosure provides a delayed look at the hedge fund's trading activity, as 13F filings are submitted to the SEC quarterly.
The move saw Farallon liquidate a position that previously accounted for 1.63% of its reported portfolio. While the firm has not publicly commented on its reasoning, the sale took place during a quarter where Alphabet reported strong revenue growth but also spooked some investors with plans for sharply higher capital expenditures on AI infrastructure. Other major hedge funds also adjusted their Alphabet holdings during the period, with some exiting and others adding to their stakes.