Canoe Financial Cuts Alphabet Stake 11.5%, Insider Sells 17.8K Shares
Canoe Financial LP cut its Q3 GOOGL holdings by 11.5%, selling 152,500 shares to retain 1,176,314 shares valued at $285.96 million. Insider John Kent Walker sold 17,829 shares at $314.89 for $5.61 million, reducing his GOOGL stake to 42,972 shares.
1. Canoe Financial LP Trims Alphabet Stake by 11.5% in Q3
According to Canoe Financial LP’s latest SEC 13F filing, the Toronto-based institutional investor reduced its position in Alphabet Inc. by 11.5% during the third quarter, selling 152,500 shares to end the period with 1,176,314 shares outstanding. At quarter-end, Alphabet represented 4.1% of Canoe’s total assets under management, making it the fund’s second-largest holding. The shares sold during the quarter carried an aggregate value of approximately $37 million on Canoe’s average cost basis, while the remaining stake was valued at $285,962,000 as of the filing date.