CAPE COD FIVE CENTS SAVINGS BANK

Last quarter, Cape Cod Five Cents Savings Bank reported $495.4 million in 13F assets. This quarter, that figure is $1.09 billion — up 120.5%, and the growth traces almost entirely to three brand-new core index positions: $94.7 million in the iShares Core S&P 500 ETF (IVV), $64.4 million in the iShares Core S&P Mid-Cap ETF (IJH), and $36.2 million in the iShares Core S&P Small-Cap ETF (IJR), a full large/mid/small market-cap ladder built from scratch. Apple ($35.4 million) and Microsoft ($30.4 million) also entered as brand-new individual positions. Remarkably, every one of the 22 positions that existed in both quarters shows the exact same share count — not a single share bought or sold in the pre-existing book — while a separate rotation swapped roughly 20 smaller legacy names, including full exits from S&P Global, Monster Beverage, Meta Platforms, and PayPal.