Li Lu acquired 2.45M Alphabet shares worth $566M. That's 18.68% of their entire equity portfolio (3rd largest holding). Li Lu started to build up the position in Alphabet in Q2 2020 and continued to invest until Q2 2022. Since then they sold 593k shares. The stake costed the investor $220M, netting the investor a gain of 158% so far.
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Gil Luria, DA Davidson head of technology research, talks what he is watching for from Alphabet earnings.