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Stocks•6 May 2026•

1 min read

Zurcher Kantonalbank Trims Alphabet Stake Despite Strong Earnings Performance

Key Facts

1Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Alphabet Inc. by 2.4% in the fourth quarter, selling 102,598 shares.

2Alphabet remains the bank's sixth-largest position with holdings valued at $1.29 billion.

3The company beat Q1 earnings estimates, raised its dividend, and maintains a Moderate Buy consensus rating.

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Alphabet Inc. by 2.4% during the fourth quarter, offloading 102,598 shares. Despite the reduction, Alphabet remains a cornerstone of the bank's portfolio, holding its position as the sixth-largest investment with a valuation of $1.29 billion. This institutional rebalancing occurs alongside robust financial milestones for Alphabet, which recently beat Q1 earnings estimates and announced an increase in dividends. The company continues to hold a "Moderate Buy" consensus rating from market analysts, reflecting sustained confidence in its fundamental strength. Market observers interpret the bank's move as a routine portfolio adjustment rather than a shift in sentiment toward the tech giant. Investors remain focused on Alphabet's continued growth in cloud services and artificial intelligence integration.