A lot of mutual funds have put a lot of eggs into Google's basket, and, as a result, there could be a lot poorer people according to The Wall Street Journal, in light of Google's stunning share price retreat this week. It seems that many a fund have broken with tradition of not allocating more than 5% stake in any one company in their holdings, and have acquired as much as 10% in Google. Usually only about 2% of mutual funds will stake such a big a share of their AUM, but that percentage is likely higher when it came to Google. According to Morningstar, based on Securities and Exchange Commission filings, the stakes of 18 mutual funds had at least 7%. Time will tell how things shake out, but The WSJ notes that interest in Google stock has already been fading, with purchases of shares in the second half of 2005 only about 25% of the 44.3 million in the first six months of the year.