Assenagon Asset Management S.A. 13F: Cuts GOOG Stake by $813M

Assenagon Asset Management S.A. trimmed its holdings in Alphabet Inc. (NasdaqGS: GOOG) during the period, according to a Form 13F filing submitted to the SEC on October 15, 2026. Keep in mind that 13F filings look backward at a fund's holdings as of the close of the reported quarter and might not reflect its current stance.

What Changed in Assenagon Asset Management's Alphabet Position

The fund sold 2,385,295 shares of the search giant, marking a 30.1% decrease from its prior holding of 7,927,185 shares. After the adjustment, Assenagon owned 5,541,890 shares of Alphabet. The reported value of the remaining stake stood at about $1.89 billion.

Other Institutional Activity in Alphabet

Blackrock Inc. grew its holdings by 5,179,352 shares, ending with 369,922,502 shares worth about $124.63 billion. Vanguard Capital Management LLC grew its holdings by 4,684,905 shares, ending with 306,936,860 shares worth about $103.41 billion. State Street Corporation grew its holdings by 5,200,249 shares, ending with 190,923,442 shares worth about $64.32 billion. JPMORGAN CHASE & CO grew its holdings by 18,019,925 shares, ending with 137,833,254 shares worth about $46.44 billion. FMR, LLC grew its holdings by 13,396,599 shares, ending with 121,958,993 shares worth about $41.09 billion.

Alphabet Inc. Stock Down 2.0%

Alphabet shares recently traded around $336.72 as of October 16, 2026. The stock sits below its 50-day moving average of $342.14 and below its 52-week high of $404.47.

Recent Earnings

Alphabet reported trailing-twelve-month revenue of $445.87 billion and earnings of $19.93 per share. The company's next earnings report is scheduled for October 28, 2026.

Dividend

Alphabet pays an annual dividend yielding 0.26%, backed by a payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Marsida Saraci, Officer, sold 449 shares at a price of $333.20, for a total value of $149,607 on July 29, 2026. Frances H Ph.D. Arnold, Director, sold 82 shares at a price of $333.39, for a total value of $27,338 on July 30, 2026. Frances H Ph.D. Arnold, Director, sold 82 shares at a price of $337.71, for a total value of $27,692 on August 28, 2026.

Analysts Set New Price Targets

On July 23, 2026, JP Morgan maintained the stock with an Overweight rating and a $420.00 price target. On July 23, 2026, TD Cowen reiterated a Buy rating with a $475.00 price target. On October 8, 2026, TD Cowen maintained a Buy rating with a $485.00 price target. On October 14, 2026, UBS maintained a Neutral rating with a $380.00 price target. On October 15, 2026, JP Morgan maintained the stock with an Overweight rating and a $425.00 price target. The stock carries a consensus strong buy rating and a mean price target of $420.79 across 14 analyst opinions.

About Alphabet

Alphabet Inc. offers various digital platforms and products globally, spanning internet search, advertising, cloud computing, and consumer hardware. As a dominant force in technology, its investment performance remains a key barometer for institutional portfolio managers.

Bottom Line

Investors will look toward Alphabet's upcoming earnings release on October 28, 2026, to gauge ongoing revenue growth and profitability. Institutional filings offer a retrospective window into how major managers reposition their capital. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.