UPDATE: Mountain View, California, April 8, 2026, 08:24 PDT.
Alphabet was up midday Wednesday, GOOG at $314.16 and GOOGL not far behind at $316.84. Both tickers trading above those $303.93 and $305.46 marks mentioned premarket in the earlier note.
Outside of the 13F developments, Google wrapped up its Wiz deal back on March 11. Broadcom, meanwhile, disclosed that Anthropic is lined up to receive roughly 3.5 gigawatts of AI compute—backed by Google chips—starting in 2027.
Another issue landed on Google’s plate this day, after Turkey’s competition board announced an investigation into the company’s ad and billing operations on April 3.
April 8, 2026, 04:52 PDT—Mountain View, California.
- April 7 brought new filings: Zevenbergen added to its Alphabet Class A position, while Compagnie Lombard Odier SCmA and Empirical Wealth Management trimmed their stakes in the company’s Class C stock.
- Alphabet reports Q1 results April 29. Ahead of Wednesday’s U.S. session, GOOG shares changed hands close to $303.93, while GOOGL traded at $305.46.
- The filings reflect what managers owned at quarter’s end—not necessarily what’s in their books right now. Positions may have shifted since then.
Regulatory disclosures dated April 7 showed Zevenbergen Capital Investments stepping up its bet on Alphabet’s Class A voting shares. Meanwhile, Compagnie Lombard Odier SCmA and Empirical Wealth Management trimmed Class C non-voting holdings, reported. But all three managers also maintained positions across Alphabet’s other share class, SEC filings reveal, complicating any simple read on sentiment toward the Google parent.
Alphabet heads into the spotlight next, with its first-quarter report set for April 29, as announced Tuesday. Wall Street wants proof: are those big AI investments moving the needle? GOOG opened premarket at $303.93, GOOGL at $305.46, which keeps Alphabet’s market cap close to $2.94 trillion.
Zevenbergen ramped up its GOOGL position by 27.4% in Q4, MarketBeat reported, closing out the quarter with 251,637 Class A shares—worth $78.76 million. The fund’s Jan. 15 Form 13F, filed with the SEC, shows Alphabet Class C stock listed separately, so that $78.76 million tally is only for the Class A shares.
Lombard Odier pared its position in GOOG, slashing holdings in Alphabet Class C by 16.1%. The move involved unloading 16,078 shares, with the portfolio now down to 84,013 shares—worth about $26.36 million, filings show, as reported by NationalToday and MarketBeat. The same regulatory filing listed Class A shares under separate managed accounts.
Empirical trimmed its exposure to GOOG Class C, reducing the position by 4.3% to 151,433 shares, or roughly $47.52 million, data from MarketBeat show. The Seattle-based firm’s Jan. 16 13F also revealed a fresh holding in Alphabet’s Class A shares.
Headlines can trip you up here—Alphabet’s share structure is the culprit. GOOGL, that’s the Class A, each share gets one vote. GOOG? Class C, voting rights not included. So if you spot movement in one ticker, don’t jump to the conclusion that someone is adjusting their total Alphabet stake.
But here’s the catch: Form 13F disclosures don’t show up until as much as 45 days after the quarter ends, so the information isn’t exactly fresh. The trio of filings cited here arrived on Jan. 15 or Jan. 16, and they only account for holdings as of Dec. 31—a window in which plenty can shift.
Alphabet’s calendar just got a little more crowded. The company announced Tuesday that it plans to report first-quarter earnings on April 29. Separately, Broadcom disclosed this week it has secured a deal with Alphabet running through 2031, helping develop and supply the next waves of Google’s custom AI chips—those tensor processing units, or TPUs. The move underlines Google’s effort to put real pressure on Nvidia’s dominance in graphics processors.
Capital spending is in the spotlight again. Back on its February earnings call, Alphabet said it expects 2026 capex to reach somewhere between $175 billion and $185 billion—a figure that tops Microsoft, Meta, and Amazon, as Reuters reported. CEO Sundar Pichai cited AI and infrastructure as key drivers, calling them essential to “drive revenue and growth across the board.” Bernstein’s Mark Shmulik noted that mega-cap tech capex is headed “north of a trillion dollars.” That kind of spending, he warned, will need a much larger AI market if companies want to see quick payback. Alphabet Investor Relations
There’s a catch: spending, regulation, or public sentiment might shift faster than revenue can keep up. Investors have already started pressing Alphabet, Microsoft, and Amazon for more detail on water and energy consumption at U.S. data centers. Jason Qi of Calvert Research and Management isn’t satisfied with the current level of transparency. “Haven’t seen them disclosing enough” about water use locally or the larger-scale impact, he said. Reuters
The April 7 filings point to a patchwork of fund manager moves on Alphabet, not a coordinated signal from institutions. Some funds adjusted their positions in both tickers, just as the market eyes the coming earnings push and another round of AI-driven scrutiny.
