Assenagon Asset Management S.A. 13F: Adds $694M to GOOGL Stake

Assenagon Asset Management increased its investment in Alphabet Inc. (NasdaqGS: GOOGL) during the quarter, boosting its position by 51.5% according to a Form 13F regulatory filing on October 15, 2026. Because 13F filings look backward at holdings from the previous period, the report reflects the fund's position at that time and may not match its current holdings today.

What Changed in Assenagon Asset Management's Alphabet Position

The fund added 2,015,684 shares of Alphabet during the period, bringing its total ownership to 5,926,654 shares. The reported value of the stake reached about $2.04 billion. This sizable addition follows earlier portfolio moves by the asset manager in other sectors.

Other Institutional Activity in Alphabet

Other major institutional investors made notable adjustments to their Alphabet holdings in recent periods. Blackrock Inc. grew its holdings by 13,990,545 shares, ending with 460,972,803 shares worth about $157.0 billion. Vanguard Capital Management LLC lifted its stake by 4,690,439 shares to hold 382,951,664 shares valued at roughly $130.4 billion. FMR, LLC increased its position by 14,169,043 shares, finishing with 250,714,005 shares worth about $85.4 billion. State Street Corporation added 12,715,889 shares for a total of 238,977,259 shares valued at roughly $81.4 billion. Meanwhile, Geode Capital Management, LLC trimmed its holdings by 1,807,439 shares, leaving it with 150,078,198 shares worth about $51.1 billion.

Alphabet Inc. Stock Down 2.1%

Alphabet shares recently traded around $340.43 as of October 16, 2026. The stock sits below its 50-day moving average of $344.92 and near its 200-day moving average of $340.77. Over the past 52 weeks, the shares have traded between a low of $244.15 and a high of $408.61.

Recent Earnings

Alphabet reported trailing twelve-month revenue of $445.87 billion, accompanied by basic earnings per share of $19.93. The company holds a net profit margin of 54.8% and a return on equity of 48.7%. The next corporate earnings release is scheduled for October 28, 2026.

Dividend

Alphabet offers an annual dividend yield of 0.25%, supported by a dividend payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Company insiders executed several transactions prior to the filing. Director Kavitark Ram Shriram sold 33,566 shares on July 18, 2025, at an average price of $185.76 for a total of $6,235,220, and later sold 26,000 shares on August 15, 2025, at $205.00 per share for $5,330,000. Director John L Hennessy sold 600 shares on January 13, 2026, valued at $202,514, and another 600 shares on February 13, 2026, valued at $184,037.

Analysts Set New Price Targets

Wall Street analysts updated their views on the stock ahead of the filing. On October 6, 2026, Wells Fargo maintained an Overweight rating and raised its price target to $417.00 from $411.00. Needham reiterated a Buy rating with a $450.00 target on October 8, 2026. Cantor Fitzgerald reiterated an Overweight rating with a $420.00 target on October 12, 2026. UBS maintained a Neutral rating and raised its target to $380.00 from $379.00 on October 14, 2026. JP Morgan maintained an Overweight rating with a $425.00 target on October 15, 2026. Across the broader analyst community, the stock carries a consensus strong buy recommendation and a mean price target of $430.51 based on 54 opinions.

About Alphabet

Alphabet Inc. operates major internet platforms and digital services across global markets. Through segments like Google Services and Google Cloud, the company provides widely used advertising products, Android operating systems, hardware devices, cloud computing solutions, and online video streaming via YouTube. Institutional portfolio changes reflect ongoing portfolio management around these core technology businesses.

Bottom Line

Assenagon Asset Management's increased position shows continued institutional interest in the tech major. Investors will look toward Alphabet's upcoming earnings report on October 28, 2026, for updated financial results and guidance. Regulatory filings only reveal past positioning and may not reflect current holdings.