Pictet & Cie Trims Alphabet Stake by 26.9%; Other Funds Cut Up to 15%
Banque Pictet & Cie SA reduced its Alphabet stake by 26.9%, leaving 1.70 million shares after selling 625,748 in the fourth quarter. Bank Pictet & Cie Europe AG cut 15% to 1.28 million shares and Beacon Investment Advisory trimmed 2.3% to 216,589 shares valued at $67.79 million.
1. Major stake reduction by Banque Pictet & Cie SA
Banque Pictet & Cie SA lowered its Alphabet Inc. holding by 26.9% during the fourth quarter, selling 625,748 shares and leaving 1,697,952 shares on its books.
2. Additional trims by Pictet Europe AG and Beacon Advisory
Bank Pictet & Cie Europe AG pared 226,701 shares (15.0%) to hold 1,284,383 shares, while Beacon Investment Advisory Services sold 5,028 shares (2.3%), resulting in 216,589 shares valued at $67.79 million.
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