Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: Cuts GOOGL Stake by $31M

Fjarde Ap-Fonden, also known as the Fourth Swedish National Pension Fund, disclosed in a filing on October 15, 2026, that it trimmed its position in Alphabet Inc. (GOOGL) by 89,404 shares. This adjustment brings its total holdings down to 1,548,030 shares, valued at approximately $532.6 million.

What Changed in Fjarde Ap-Fonden's Alphabet Position

Fjarde Ap-Fonden reduced its stake in Alphabet Inc. by 89,404 shares, resulting in a 5.46% decrease in its total holdings. The fund now owns 1,548,030 shares in the company.

Other Institutional Activity in Alphabet Inc.

Several institutional investors have adjusted their positions in Alphabet Inc. 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 added 4,690,439 shares, bringing its total to 382,951,664 shares valued at approximately $130.4 billion. FMR, LLC increased its stake by 14,169,043 shares, resulting in 250,714,005 shares worth about $85.4 billion. Meanwhile, State Street Corporation added 12,715,889 shares, totaling 238,977,259 shares valued at roughly $81.4 billion. Geode Capital Management, LLC decreased its position by 1,807,439 shares, ending with 150,078,198 shares valued at around $51.1 billion.

Alphabet Inc. Stock Down 2.1%

As of October 16, 2026, Alphabet's stock is trading at about $340.43. This price is currently below its 50-day moving average, which is $344.92, and it sits 16.7% lower than its 52-week high of $408.61. The shares are also 39.4% above their 52-week low of $244.15.

Recent Earnings

For the trailing twelve months, Alphabet reported revenue of $445.9 billion, reflecting a year-over-year growth of 24.2%. The company has an earnings per share (EPS) of $19.93, indicating strong profitability with a net margin of 54.8%. The next earnings report is expected on October 28, 2026.

Insider Buying and Selling at Alphabet Inc.

Insider trading activity has included Kavitark Ram Shriram, a Director, who sold 26,000 shares at $205.00 each on August 15, 2025, totaling $5.33 million. Another Director, John L. Hennessy, sold 600 shares on January 13, 2026, for a value of $202,514. He made another similar sale of 600 shares on February 13, 2026, valued at $184,037. Frances Arnold sold 112 shares on June 30, 2026, for a value of $39,343.36.

Analysts Set New Price Targets

On October 6, 2026, Wells Fargo maintained its Overweight rating on Alphabet with a price target of $417. On October 8, Needham reiterated a Buy rating with a target of $450. Cantor Fitzgerald also reiterated an Overweight rating with a target of $420 on October 12. UBS maintained its Neutral rating with a target of $380 on October 14. Notably, on the same day as the filing, JP Morgan maintained its Overweight rating with a target of $425.

About Alphabet Inc.

Alphabet Inc. is a technology company that operates through various segments, including Google Services, Google Cloud, and Other Bets. It offers a wide range of products and platforms globally, such as search, advertising, and cloud services. This filing reflects Fjarde Ap-Fonden's actions during a quarter when Alphabet's performance and analyst sentiment remain strong.

Bottom Line

Fjarde Ap-Fonden's recent filing shows a reduction in its Alphabet stake, which may reflect broader trends among institutional investors. The stock remains well-received by analysts, with strong price targets suggesting potential growth. Alphabet's next earnings report is set for October 28, 2026, which may provide further insights into its financial performance. 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.