Rockland Trust Co disclosed the acquisition of 50,959 shares of Alphabet in Q2 2025, increasing its holdings of Alphabet to 491,921 shares valued at $86.71 million as of July 10, 2025. This purchase raised the company’s stake in Alphabet to 4.22% of its reported U.S. equity assets, which total $2.05 billion. Alphabet's stock was noted to have underperformed the S&P 500 by 18.63 percentage points and was 14.2% below its 52-week high as of the same date.
Rockland Trust Co increased its position in Alphabet by 50,959 shares in Q2 2025, holding a total of 491,921 shares valued at $86.71 million.
The purchase raised Rockland Trust Co's stake in Alphabet to 4.22% of reported 13F AUM, with total U.S. equity assets standing at $2.05 billion.
Alphabet's stock closed at $177.62 on July 10, 2025, underperforming the S&P 500 by 18.63 percentage points and is 14.2% below the 52-week high.
Despite its underperformance, Rockland Trust Co boosted its Alphabet exposure by 11.6% at an appealing valuation, showcasing confidence in the company's diverse portfolio.
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