---
title: Google is quietly turning into a giant investment portfolio.
description: "Over the past two decades, Alphabet $GOOGL has made billions of dollars in private investments — and some of those bets are now reaching the public markets.\n\n🚀 SpaceX $SPCX now represents roughly 95% of Google’s publicly traded investment portfolio.\n\nAnd there could be another major addition soon.\n\n🤖 Anthropic, one of Google’s biggest private AI bets, is expected to go public in the coming months. Alphabet owns a significant stake in the company, potentially unlocking another substantial source of value.\n\nGoogle is therefore becoming more than just Search, YouTube, Cloud and AI.\n\nIts portfolio of early-stage investments could increasingly become a meaningful part of the Alphabet story.\n\nIs Google slowly becoming a hedge fund with a technology business attached?\n\nGraphic credit: Leverage Shares, Global Markets Investor"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Google is quietly turning into a giant investment portfolio.](https://blog.syzgroup.com/syz-the-moment/google-is-quietly-turning-into-a-giant-investment-portfolio)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Aug 13, 2026, 2:19:21 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/google-is-quietly-turning-into-a-giant-investment-portfolio)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2026-08-13T14:19:21.343Z",
  "datePublished" : "2026-08-13T14:19:21Z",
  "headline" : "Google is quietly turning into a giant investment portfolio.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1000,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/1786550716585.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/google-is-quietly-turning-into-a-giant-investment-portfolio",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```