Greenskeeper Asset Management Names Alphabet Top Q2 Performer

Greenskeeper Asset Management named Alphabet Inc. one of its best-performing holdings for the second quarter of 2026. In its investor letter, the firm reported that Alphabet shares gained 23.2% during the period, reaching a closing price of $372.47 on August 3, 2026, and a market capitalization of $4.56 trillion.

The investment firm attributed this growth to the integration of AI Overviews and AI mode, which enhanced the core search business. These developments contributed to a nearly 20% increase in Search revenue, driven specifically by higher paid-click volume. Greenskeeper Asset Management noted that these results address previous market concerns that AI chatbots would cannibalize Google's search dominance.

Alphabet's Cloud division also showed significant momentum. The company nearly doubled its backlog and saw operating margins expand to 33%.