Rothschild & Co LongRun Equity Fund’s Views on Alphabet (GOOG)

Core Insights - Rothschild & Co Wealth Management's LongRun Equity strategy reported a return of +3.9% in Q3 2025, underperforming its benchmark which returned 7.5% [1] - Since inception, the strategy has achieved an annualized return of 10%, compared to 11% for global equities [1] - The market has favored riskier, growth-oriented, and often unprofitable companies over the firm's focus on high-quality, profitable companies [1][3] Company Highlights - Alphabet Inc. (NASDAQ:GOOG) was highlighted in the investor letter, with a one-month return of -1.44% and a 52-week gain of 59.78% [2] - As of December 24, 2025, Alphabet Inc. closed at $315.67 per share, with a market capitalization of $3.811 trillion [2] - The favorable outcome of the US Department of Justice's antitrust case against Alphabet Inc. is expected to maintain the status quo, providing clarity for the company [3] - Google's partnerships and data-sharing agreements are likely to remain stable, with potential for slight reductions in payments to partners like Apple [3] - The focus for Alphabet Inc. will be on continued product investment and the rollout of new AI capabilities across its various platforms [3]