TLDR
- Stanley Druckenmiller’s Duquesne Family Office exited its full 385,000-share Alphabet position in Q1 2026.
- Christopher Hohn’s TCI Fund Management opened a new 2.46 million-share Alphabet position and raised its Class C shares to 8.85 million.
- TCI also slashed its Microsoft stake from 16.78 million shares down 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 opened new stakes in Broadcom, Caris Life Sciences, and Revolution Medicines, while sharply cutting Amazon.
Several major hedge funds filed their Q1 2026 13F disclosures late Friday, revealing big changes to their portfolios. Alphabet was at the center of many of these moves, with some funds buying while others sold.
Stanley Druckenmiller’s Duquesne Family Office was one of the sellers. The fund exited its entire 385,000-share Alphabet Class A position during the first quarter. That stake had been built up in Q4 2025, when Duquesne increased it from 102,000 shares. The firm did not publicly comment on the reasons for the exit.
Alphabet shares closed at $396.78 on Friday, up 1% on the day. The stock is up 27% so far in 2026. However, between January 1 and March 31, shares had fallen 8%, meaning the Q1 exit came during a down period for the stock.
Duquesne Buys Broadcom, Cuts Amazon
While Duquesne sold Alphabet, the fund was active elsewhere. It opened a new position in Broadcom, picking up 195,955 shares. It also initiated a stake in Caris Life Sciences with 1.89 million shares and bought 315,860 shares in Revolution Medicines.
The fund made some large cuts too. It trimmed its Amazon position sharply, going from 737,940 shares to just 9,539 shares. It also cut Teva Pharmaceuticals from 5.87 million shares to 2.37 million, and reduced its Coupang stake from 6.77 million shares to 2.67 million.
Duquesne also exited State Street Financial Select Sector SPDR, Cogent Biosciences, Entegris, Delta Air Lines, and American Airlines during the quarter.
TCI Goes Big on Alphabet as Third Point Opens Crypto Position
While Druckenmiller was selling, Christopher Hohn’s TCI Fund Management was buying. The fund opened a brand-new 2.46 million-share Alphabet Class A position. It also raised its Alphabet Class C holdings from 7.6 million to 8.85 million shares.
TCI added to other positions too. It raised its Visa stake to 30.47 million shares and increased holdings in both S&P Global and Moody’s. At the same time, TCI made a major cut to its Microsoft position, reducing it from 16.78 million shares to just 2.73 million.
Daniel Loeb’s Third Point took a different approach. The fund opened new positions in Meta, Alphabet, SPDR Gold Shares, and Hut 8, a bitcoin mining company. This marks a move into both big tech and crypto-adjacent names. Third Point also exited Microsoft, PG&E, Brookfield Asset Management, Casey’s, and CoStar during Q1.
The mix of Alphabet buys and sells across major funds highlights how differently top investors viewed the stock during a quarter when it was trading below its year-start price.
All of these moves were disclosed through mandatory 13F filings, which reflect portfolio positions as of March 31, 2026. Alphabet shares are up 27% year-to-date as of Friday’s close.
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