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StocksMediumUpdated•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

Institutional Investors Reshuffle Portfolios: Bullish on Alphabet, Trimming Apple Stakes

Sundar Pichai in glasses on an orange background, beside a Google Discover interface with news cards for Cosan and Lincoln National, and rising graphs.

Key Facts

1Perpetual Ltd increased its stake in Alphabet by 33.5%, reaching a value of $9.66 million.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: Updated the story to include D.R. Horton's Q2 operational outlook, highlighting the balance between increased buyer traffic and the headwinds of high mortgage rates.

Institutional asset managers executed significant portfolio rebalancings, with Perpetual Ltd and F&V Capital Management aggressively boosting their stakes in Alphabet. Conversely, Adams Asset Advisors reduced its exposure to Apple by 8.7% despite a quarterly earnings beat. In the housing sector, Trinity Street Asset Management increased its position in D.R. Horton to $23.08 million as the homebuilder enters the second quarter with steadier buyer traffic and higher home closings. However, the outlook remains nuanced as elevated mortgage rates and rising ownership costs continue to curb overall demand. These adjustments highlight how institutional investors are balancing operational growth against persistent macroeconomic headwinds.