In a significant move, Farallon Capital Management established a new position in Alphabet Inc. (GOOG), acquiring 996,230 shares valued at approximately $285.78 million. This investment gives the prominent hedge fund a 1.63% weighting in the tech giant within its reported portfolio.
This trade was disclosed in a quarterly 13F filing with the SEC on August 14, 2026, which reflects the firm's holdings as of March 31, 2026. Due to the delayed nature of these filings, the investor's position may have changed since the end of the first quarter. During that period, Alphabet reported strong Q1 results, with significant revenue growth driven by its Search and Cloud segments, the latter experiencing a notable acceleration in demand for AI products.