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Alphabet Filing Lists Nearly $548 Million in Qualcomm Shares as of September 30

The holding is a quarter-end snapshot, not evidence of a fresh cash investment. Separate Qualcomm filings document shares issued to Alphabet-affiliated GV funds in the Modular acquisition.

DailyMech Staff

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Alphabet Filing Lists Nearly $548 Million in Qualcomm Shares as of September 30
blickpixel / Pixabay — Pixabay Content License

Underside of a generic green circuit board with conductive traces and solder points

Illustrative stock circuit board; not identified as a Qualcomm or Alphabet product and not evidence of a purchase, investment, or data-center project. Photo: blickpixel / Pixabay. Pixabay Content License; source photo.

Alphabet reported holding 2,976,982 Qualcomm shares valued at $547,883,767 as of September 30, 2026, according to its quarterly securities filing. The nearly $548 million figure is the reported value of the holding on that date—not an amount Alphabet necessarily paid for the shares or transferred to Qualcomm in November.

Separate primary documents supply important context. Qualcomm’s July 31 prospectus supplement lists two Alphabet-affiliated GV funds among former Modular shareholders receiving Qualcomm stock through its acquisition of the startup. That documents an acquisition-related route for those funds to receive shares, but does not reconcile every share in the September holding.

At a glance

Item Verified detail Meaning
Qualcomm shares 2,976,982 Alphabet’s reported September 30 holding
Reported value $547,883,767 Quarter-end market value, not purchase cost
Related manager GV Management Company Identified through the filing’s manager list
Acquisition context Two GV funds listed in July prospectus Stock issued in connection with Modular deal
Data-center target More than $15 billion by fiscal 2029 Qualcomm revenue target, not current results

A holdings report, not a transaction announcement

Alphabet’s Form 13F covers the quarter ended September 30. Its cover page carries a November 5 signature. The distinction between the holding date and the later disclosure matters: this document cannot tell readers whether the position has changed since September ended.

The SEC’s staff guidance describes Form 13F as reporting share counts and quarter-end fair market values. It is not a transaction ledger. The Qualcomm entry does not specify a purchase date, cost basis or investment rationale, and it does not announce a new supply agreement.

The filing links the Qualcomm position to GV Management Company through its numbered manager list. That is more informative than treating the entry as a direct Google procurement decision. It still does not establish why the shares were retained or whether they are linked to any commercial negotiations.

What the Modular documents add

Qualcomm’s July prospectus registers shares for possible resale by former Modular shareholders. Its table lists 2,206,989 shares for GV 2021, L.P. and 989,272 for GV 2023, L.P.—a combined 3,196,261. Footnotes identify Alphabet in the ownership and control chain for both funds.

The prospectus says the shares were issued or were issuable in connection with the Modular acquisition. It also says Qualcomm would receive no proceeds from sales of the shares covered by that resale offering. Registering shares makes resale possible; it does not prove that the holders sold them.

The July total differs from the September 13F count. The documents reviewed do not supply a lot-by-lot history explaining that difference, so it would be incorrect to calculate it and label the result a confirmed sale. Equally, the acquisition context should not be stretched into a claim that every September share has been definitively traced.

For readers, the useful distinction is between a venture investor receiving stock in an acquisition and a company choosing to make a new cash investment. The primary documents establish the former for the named GV funds; the September snapshot alone does not establish the latter.

Data-center ambitions are separate context

Qualcomm’s June 24 Investor Day release sets a target of more than $15 billion in data-center revenue by fiscal 2029. This is a forward-looking company objective, not current revenue or a guaranteed result.

Reuters’s November 6 coverage places the Alphabet holding alongside Qualcomm’s data-center expansion. The filing itself, however, does not say the shares finance that expansion, secure chip orders or commit Google to infrastructure spending. A holdings disclosure and a business strategy should not be merged into a new deal announcement.

What to watch

Subsequent holdings reports or additional company disclosures may clarify changes in the position or its origin. Qualcomm’s earnings updates can separately show progress against its data-center target. Neither subject requires assuming that the September stake remains unchanged today.

How we reported this

We checked Alphabet’s SEC cover page and information table, Qualcomm’s July prospectus and June strategy release, and SEC staff guidance. Reuters coverage was checked via CNA and Investing.com. No explicitly labeled Reuters correction was located in those versions or targeted searches; that does not establish that none exists. Primary filings govern the share count, value and acquisition context presented here.

The exact lot history remains unverified. No investment recommendation is offered.

Published and fact-checked November 6, 2026.

Sources

DailyMech used AI tools to help research and draft this article; it was fact-checked by our editors.

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