Here’s Why FPA Source Capital Continues to Hold Alphabet (GOOG)

Group 1 - The net asset value of FPA Source Capital increased by 4.59% in Q3 2025 and 13.76% over the trailing 12 months [1] - The top five equity performers contributed 4.82% to the fund's return, while the bottom five detractors reduced it by 2.03% [1] Group 2 - Alphabet Inc. (NASDAQ:GOOG) stock experienced a one-month return of 10.77% and an annual gain of 81.75%, closing at $322.09 per share with a market capitalization of $3.888 trillion on December 03, 2025 [2] - Despite investor concerns regarding competitive threats and antitrust scrutiny, Alphabet's stock price has increased five-fold since initial purchases by the fund's current management team [3] - Alphabet's stock has risen 28% year-to-date and 57% since the end of Q1 2025, following a favorable legal ruling regarding its Chrome and Android divisions [3] - YouTube is noted as the most-watched media outlet globally, with over one trillion hours of video viewed, indicating potential for further monetization [3] - The fund maintains a position in Alphabet, recognizing the value of its self-driving technology and the growth potential of its cloud services [3]