New York State Common Retirement Fund Trims Stock Holdings in Alphabet Inc. $GOOGL

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The New York State Common Retirement Fund reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% in Q3, selling 86,383 shares but still holding 7,445,480 shares valued at $1.81 billion, making it their 6th largest holding. Alongside this institutional activity, corporate insiders, including CEO Sundar Pichai, have also been net sellers of Alphabet stock, selling over 2 million shares worth approximately $105 million in the last three months. Market sentiment for Alphabet is mixed, with positive catalysts like analyst price target raises and EU approval of a major acquisition, balanced by concerns over significant bond issuance for AI infrastructure and ongoing privacy/regulatory headlines.

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