TLDR
- Duquesne Family Office, led by Stanley Druckenmiller, completely divested its 385,000-share Alphabet (GOOGL) holding in Q1 2026.
- TCI Fund Management under Christopher Hohn established a fresh 2.46 million-share Alphabet Class A position and expanded Class C holdings to 8.85 million shares.
- TCI dramatically reduced its Microsoft exposure from 16.78 million shares to only 2.73 million shares.
- Third Point, managed by Daniel Loeb, established fresh positions in Meta, Alphabet, bitcoin miner Hut 8, and SPDR Gold Shares.
- Druckenmiller’s fund initiated new holdings in Broadcom, Caris Life Sciences, and Revolution Medicines while drastically reducing its Amazon stake.
Major institutional investors submitted their Q1 2026 13F reports late Friday evening, exposing significant portfolio adjustments across the board. Alphabet emerged as a focal point, with hedge fund managers taking sharply divergent positions on the tech giant.
Stanley Druckenmiller’s Duquesne Family Office ranked among the notable sellers. The investment firm liquidated its complete 385,000-share Alphabet Class A holding throughout the first quarter. This position had been substantially expanded during Q4 2025, when Duquesne increased it from 102,000 shares. The firm has not issued any public statement regarding the rationale behind this complete exit.
Alphabet stock finished Friday’s trading session at $396.78, gaining 1% for the day. The technology stock has climbed 27% year-to-date in 2026. Notably, during the January 1 through March 31 timeframe, shares experienced an 8% decline, indicating that Duquesne’s Q1 divestment occurred while the stock was underperforming.
Duquesne Establishes Broadcom Position, Dramatically Reduces Amazon
Although Duquesne divested from Alphabet, the firm remained strategically active across other holdings. The fund established a fresh Broadcom position, acquiring 195,955 shares. Additionally, it initiated a Caris Life Sciences stake comprising 1.89 million shares and purchased 315,860 shares of Revolution Medicines.
The investment firm also executed substantial reductions across multiple positions. It dramatically slashed its Amazon holding, decreasing from 737,940 shares to merely 9,539 shares. The fund also reduced Teva Pharmaceuticals from 5.87 million shares down to 2.37 million, and trimmed its Coupang position from 6.77 million shares to 2.67 million.
Duquesne additionally eliminated positions in State Street Financial Select Sector SPDR, Cogent Biosciences, Entegris, Delta Air Lines, and American Airlines throughout the quarter.
TCI Accumulates Alphabet Aggressively While Third Point Enters Cryptocurrency Exposure
Contrary to Druckenmiller’s strategy, Christopher Hohn’s TCI Fund Management aggressively accumulated shares. The fund established a completely new 2.46 million-share Alphabet Class A position. Additionally, it expanded its Alphabet Class C holdings from 7.6 million to 8.85 million shares.
TCI expanded several other core positions as well. The fund increased its Visa stake to 30.47 million shares and boosted holdings in both S&P Global and Moody’s. Simultaneously, TCI executed a dramatic reduction in Microsoft, decreasing the position from 16.78 million shares to only 2.73 million.
Daniel Loeb’s Third Point pursued a distinct investment strategy. The fund initiated new positions in Meta, Alphabet, SPDR Gold Shares, and Hut 8, a bitcoin mining operation. This represents a strategic shift toward both major technology companies and cryptocurrency-related investments. Third Point simultaneously exited Microsoft, PG&E, Brookfield Asset Management, Casey’s, and CoStar during Q1.
The divergent approaches to Alphabet across prominent investment funds demonstrates how differently elite money managers assessed the stock during a quarter when it traded below its year-opening levels.
These portfolio adjustments were revealed through required 13F regulatory filings, which capture holdings as of March 31, 2026. Alphabet shares have appreciated 27% year-to-date through Friday’s market close.
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