HOLD GOOGL
0 shares at $396.00 on 2026-05-15
Reasoning
GOOGL is held pending NVDA earnings clarity and pre-NVDA momentum. Current price $400.00 is below thesis exit target of $415–$420. The position is not yet at target, and the stock is a core AI-adjacent holding. Risk notes explicitly state: hold through NVDA earnings and take profits if GOOGL rallies back to $415–$420 pre-NVDA. Ackman's full institutional exit from Alphabet is a headwind signal, but it is backward-looking (Q1 13F), and the thesis rationale (AI upside, cloud growth) remains intact. Rule 27 macro cap and rate-shock regime (Rule 44) preclude new adds. Hold without entry.