Druckenmiller Exited Alphabet, Reduced Amazon Stake, and Invested in Broadcom

TLDR

• Stanley Druckenmiller’s Duquesne Family Office sold its entire 385,000-share Alphabet position in Q1 2026.
• Christopher Hohn’s TCI Fund Management established a new 2.46 million-share Alphabet position and increased its Class C shares to 8.85 million.
• TCI also significantly reduced its Microsoft stake from 16.78 million shares to 2.73 million shares.
• Daniel Loeb’s Third Point initiated new positions in Meta, Alphabet, Hut 8, and gold ETF SPDR Gold Shares.
• Duquesne invested in Broadcom, Caris Life Sciences, and Revolution Medicines, while substantially cutting Amazon.

(SeaPRwire) –   Several prominent hedge funds disclosed their Q1 2026 13F filings late Friday, revealing significant shifts in their portfolios. Alphabet was a focal point of these changes, with some funds increasing holdings while others decreased them.

Alphabet Inc., GOOGL

Stanley Druckenmiller’s Duquesne Family Office was among those who sold. The fund liquidated its full 385,000-share Alphabet Class A position during the first quarter. This stake had been expanded in Q4 2025, when Duquesne increased it from 102,000 shares. The firm did not offer public commentary on the reasons for the sale.

Alphabet shares closed at $396.78 on Friday, up 1% for the day. The stock has risen 27% so far in 2026. However, between January 1 and March 31, shares declined 8%, indicating that the Q1 exit occurred during a period of stock weakness.

Duquesne Invests in Broadcom, Reduces Amazon Holdings

While divesting from Alphabet, the fund remained active in other areas. It established a new position in Broadcom, acquiring 195,955 shares. It also entered Caris Life Sciences with 1.89 million shares and purchased 315,860 shares in Revolution Medicines.

The fund made several substantial reductions as well. It sharply cut its Amazon position, decreasing it from 737,940 shares to just 9,539 shares. It also reduced its Teva Pharmaceuticals holding from 5.87 million shares to 2.37 million, and trimmed its Coupang stake from 6.77 million shares to 2.67 million.

Duquesne exited State Street Financial Select Sector SPDR, Cogent Biosciences, Entegris, Delta Air Lines, and American Airlines during the quarter.

TCI Increases Alphabet Stake as Third Point Enters Crypto Space

Conversely, Christopher Hohn’s TCI Fund Management increased its exposure to Alphabet. The fund opened a completely new 2.46 million-share Alphabet Class A position. It also boosted its Alphabet Class C holdings from 7.6 million to 8.85 million shares.

TCI expanded other positions too. It raised its Visa stake to 30.47 million shares and increased investments in both S&P Global and Moody’s. At the same time, TCI made a major reduction to its Microsoft position, lowering it from 16.78 million shares to just 2.73 million.

Daniel Loeb’s Third Point adopted a different strategy. The fund initiated new positions in Meta, Alphabet, SPDR Gold Shares, and Hut 8, a bitcoin mining company. This marks an entry into both large technology firms and crypto-related companies. Third Point also divested from Microsoft, PG&E, Brookfield Asset Management, Casey’s, and CoStar during Q1.

The varied approaches to Alphabet among leading investors—some buying, others selling—reflect differing views on the stock during a quarter when it traded below its starting price for the year.

All of these transactions were reported through required 13F filings, which reflect portfolio positions as of March 31, 2026. Alphabet shares are up 27% year-to-date as of Friday’s closing price.