Forty-two of the top-200 alpha cohort initiated $GOOGL positions in Q1 2026, while 5 added to existing stakes and just 7 trimmed — the most lopsided entry wave this name has seen in the dataset. Torno Capital, LLC led the adds with a +29.38pp swing, taking its weight from 13.13% to 42.51%; BIT Capital GmbH added more modestly, up +1.38pp to 6.66%.
Among the initiators, Stelac Advisory Services LLC opened at 7.77%, Generation Investment Management LLP at 5.24%, and Freemont Management S.A. at 4.78%. On the trim side, Stamos Capital Partners cut from 8.17% to 2.49% (-5.68pp), and Coatue Management LLC (Philippe Laffont) reduced from 5.36% to 4.27% (-1.09pp). Three holders exited outright: Mountain Hill Investment Partners Corp. (previously 26.18%), Paragon Capital Management Ltd, and Parvin Asset Management, LLC.
Across all 103 cohort holders, the average position weight sits at 2.6%, with the range running from near-zero to Torno Capital's 42.51% — a concentration figure that skews the aggregate considerably. Forty-six holders were flat quarter-on-quarter, suggesting the bulk of the structural shift came from new entrants rather than conviction adds from existing holders.
Forty-two simultaneous initiations in a single quarter is a structurally unusual configuration; it reads less like coordinated conviction and more like a name crossing a threshold on quantitative screens across a wide range of fund types simultaneously. Whether that cohesion persists into Q2 is, of course, not something 13F data can answer.