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Two Point Capital trims Alphabet holding as GOOGL trades near record levels
Two Point Capital slightly cut its Alphabet stake while retaining a large position, as strong earnings, insider sales, and an AI-focused acquisition keep GOOGL in focus.
Two Point Capital Management Inc. has reduced its exposure to Alphabet Inc. by selling 1,817 Class A shares, trimming its stake by roughly 2.3% while continuing to hold 78,790 shares valued at about $19.15 million. Alphabet remains the firm’s third-largest holding, accounting for nearly 7.7% of its portfolio. The move comes as Alphabet reported a strong quarterly performance, beating earnings and revenue estimates and trading close to its 52-week high with a market capitalisation of around $3.79 trillion.