Here are FPA Crescent Fund’s Views on Alphabet (GOOG)

Group 1 - The FPA Crescent Fund gained 5.54% in Q3 2025 and 15.32% over the trailing twelve months, with top five performers contributing 6.65% to the return and bottom five detracting 2.58% [1] - Alphabet Inc. (NASDAQ:GOOG) stock experienced a one-month return of 17.56% and a 52-week gain of 56.22%, closing at $284.75 per share with a market capitalization of $3.433 trillion on November 5, 2025 [2] - Despite concerns regarding competitive threats and antitrust scrutiny, Alphabet's stock has risen seventeen-fold since initial purchases in 2011, with a year-to-date increase of 28% and a 57% rise since the end of Q1 2025 [3] Group 2 - Alphabet's YouTube is the most-watched media outlet globally, with over one trillion hours of video viewed, indicating potential for further monetization [3] - The FPA Crescent Fund maintains a position in Alphabet, recognizing the value of its self-driving technology through Waymo and the growth potential of its cloud services [3]