The Manufacturers Life Insurance Company cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,423,352 shares of the information services provider’s stock after selling 387,277 shares during the quarter. Alphabet makes up about 2.6% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 4th largest holding. The Manufacturers Life Insurance Company’s holdings in Alphabet were worth $2,997,216,000 at the end of the most recent quarter. Also, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction on Thursday, July 30th.