James Hambro Trims Alphabet Stake Slightly
James Hambro & Partners reduced its Alphabet position by 1.8% in the third quarter, selling 11,984 shares and leaving it with 658,442 shares worth about $224.4 million. Alphabet remains the firm’s second-largest holding at 7.8% of its portfolio. The company reported revenue growth of 24.2% and earnings above analyst expectations, with a Buy consensus and an average target price of $421.85.
James Hambro & Partners sold 11,984 Alphabet shares in Q3, a 1.8% reduction, leaving 658,442 shares valued near $224.4 million. The position accounted for 7.8% of its portfolio and ranked second-largest.
Other institutions moved differently: Denali and Sax added shares, Heck expanded sharply, while Montchanin and TrueMark opened positions. Insiders, including Frances Arnold and Marsida Saraci, also sold stock. Alphabet’s quarterly revenue rose 24.2% year over year, and analysts averaged a Buy rating with a $421.85 target.
The modest stake change is unlikely to move Alphabet by itself, but it may signal how large investors weigh AI spending, cloud reliability and legal risks. Pension funds, retail savers and other beneficiaries of institutional portfolios could be indirectly affected through Alphabet’s share performance. Consumers and workers may also feel shifts in AI investment and cloud services, though the reported sale is too small to imply a broad change in strategy.