In its latest 13F filing, Canoe Financial LP disclosed an 11.5% reduction in its position in Alphabet Inc., selling 152,500 shares to bring its total holding to 1,176,314 shares—equating to roughly 4.1% of the fund’s assets and making GOOGL its second-largest position. At quarter end, Canoe’s remaining stake was valued at approximately $286 million. This divestment contrasts with several peers increasing exposure: Truist Financial added 56,295 shares, Bridgeway Capital Management boosted its holdings by 17.9%, and Moment Partners and Welch Group each raised theirs by over 4%. With institutional investors now owning about 40% of Alphabet’s float, shifts among large funds like Canoe could signal evolving sentiment on GOOGL’s near-term upside and portfolio role.