Exchange Bank
CIK 2001155 · View on SEC EDGAR ↗
- Portfolio value
- $145.5M
- Positions
- 130
- As of
- June 30, 2026
#7,493 of 9,443 by 13F value · top 79.3%
Portfolio value QoQ: +9.6% 13F does not disclose cash
- Top 10 holdings weight
- 31.70%
- Top 25 holdings weight
- 56.18%
- Positions above 1%
- 33
- Effective number of positions
- 55.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 3.43% Est. buys $7,404,760 · sells $4,769,012
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 88.4% still held
- New positions
- 17
- Increased
- 30
- Decreased
- 43
- Closed
- 4
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
14.1%
Industrials
13.5%
Healthcare
9.6%
Retail
5.5%
Energy
4.9%
Financials
4.8%
Consumer Staples
4.3%
Communication Services
4.2%
Financial Services
2.2%
Consumer products
2.0%
Utilities
1.2%
Consumer Discretionary
0.9%
Logistics & Transportation
0.6%
Communications
0.5%
Materials
0.2%
Other/Unmapped
31.3%
Full portfolio 130 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| CAT Caterpillar, Inc. Common Stock | $7,797,199 | 5.36% | 7,322 | $2,609,855 | |||
| AAPL Apple Inc. - Common Stock | $6,595,963 | 4.53% | 22,795 | $753,717 | Down ×2 | ||
| JNJ Johnson & Johnson Common Stock | $6,366,523 | 4.37% | 25,068 | $33,327 | Down ×3 | ||
| MUB | $4,610,225 | 3.17% | 42,838 | $-857,031 | Down ×1 | ||
| VTI | $4,360,551 | 3.00% | 11,784 | $785,123 | Up ×2 | ||
| CVX Chevron Corporation Common Stock | $3,504,334 | 2.41% | 21,141 | $-942,776 | Down ×3 | ||
| BND Vanguard Total Bond Market ETF | $3,386,477 | 2.33% | 46,131 | $133,726 | Up ×4 | ||
| JPM JP Morgan Chase & Co. Common Stock | $3,223,549 | 2.22% | 9,848 | $265,475 | Down ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $3,174,502 | 2.18% | 23,219 | $-770,600 | Down ×3 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $3,111,621 | 2.14% | 8,707 | $691,231 | Up ×1 | ||
| WMT Walmart Inc. - Common Stock | $3,102,757 | 2.13% | 27,395 | $-427,789 | Down ×2 | ||
| AGG | $3,090,749 | 2.12% | 31,226 | $-9,057 | |||
| IBM International Business Machines Corporation Common Stock | $3,018,226 | 2.07% | 10,733 | $388,052 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,594,725 | 1.78% | 6,956 | $-81,237 | Down ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $2,507,545 | 1.72% | 17,100 | $-14,666 | Down ×3 | ||
| KO Coca-Cola Company (The) Common Stock | $2,409,251 | 1.66% | 29,645 | $212,166 | Up ×1 | ||
| UNP Union Pacific Corporation Common Stock | $2,325,328 | 1.60% | 8,549 | $251,168 | |||
| BRKA | $2,246,550 | 1.54% | 3 | $92,130 | |||
| IJH | $2,225,472 | 1.53% | 28,861 | $271,826 | Down ×1 | ||
| SCHB | $2,191,577 | 1.51% | 75,676 | $271,427 | Down ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $2,112,750 | 1.45% | 10,559 | $196,269 | Down ×3 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $2,039,423 | 1.40% | 5,772 | $351,251 | Down ×1 | ||
| TXN Texas Instruments Incorporated - Common Stock | $2,020,618 | 1.39% | 6,779 | $704,543 | |||
| VCSH Vanguard Short-Term Corporate Bond ETF | $1,899,168 | 1.31% | 24,031 | $369,099 | Up ×4 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $1,844,878 | 1.27% | 14,357 | $107,769 | Down ×1 | ||
| PM Philip Morris International Inc Common Stock | $1,811,451 | 1.24% | 10,013 | $59,012 | Down ×1 | ||
| VEA | $1,781,037 | 1.22% | 24,997 | $601,838 | Up ×2 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $1,688,613 | 1.16% | 29,306 | $-88,797 | |||
| SPY SPY | $1,653,349 | 1.14% | 2,214 | $-210,525 | Down ×3 | ||
| NSC Norfolk Southern Corporation Common Stock | $1,596,859 | 1.10% | 5,076 | $88,387 | Down ×6 | ||
| IAGG | $1,580,034 | 1.09% | 31,226 | $156,598 | Up ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $1,555,168 | 1.07% | 6,525 | $286,803 | Up ×1 | ||
| VWO | $1,464,614 | 1.01% | 24,537 | $365,180 | Up ×2 | ||
| GE GE Aerospace Common Stock | $1,427,276 | 0.98% | 3,819 | $308,088 | Down ×3 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $1,274,053 | 0.88% | 5,689 | $95,203 | Down ×2 | ||
| LLY Eli Lilly and Company Common Stock | $1,246,209 | 0.86% | 1,039 | $337,476 | Up ×1 | ||
| TGT Target Corporation Common Stock | $1,212,452 | 0.83% | 9,283 | $38,873 | Down ×2 | ||
| GL Globe Life Inc. Common Stock | $1,206,090 | 0.83% | 6,750 | $266,692 | |||
| NEE NextEra Energy, Inc. Common Stock | $1,201,308 | 0.83% | 13,687 | $-74,862 | Down ×1 | ||
| GEV GE Vernova Inc. Common Stock | $1,123,167 | 0.77% | 956 | $261,613 | Down ×1 | ||
| MRSH Marsh Common Stock | $1,027,354 | 0.71% | 6,164 | $-41,793 | |||
| SPHY | $1,018,209 | 0.70% | 43,439 | $129,440 | Up ×4 | ||
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | $1,010,150 | 0.69% | 19,274 | $-2,891 | |||
| MO Altria Group, Inc. | $956,721 | 0.66% | 13,297 | $62,820 | Down ×1 | ||
| BK The Bank of New York Mellon Corporation Common Stock | $944,883 | 0.65% | 6,534 | $145,910 | Down ×1 | ||
| IAU | $851,980 | 0.59% | 11,283 | $-177,465 | Down ×1 | ||
| FDX FedEx Corporation Common Stock | $846,391 | 0.58% | 2,703 | $-116,363 | |||
| BRKB | $843,159 | 0.58% | 1,685 | $73,085 | Up ×1 | ||
| ORCL Oracle Corporation Common Stock | $840,172 | 0.58% | 5,733 | $-3,213 | |||
| ABBV AbbVie Inc. Common Stock | $837,709 | 0.58% | 3,329 | $543,229 | Up ×1 | ||
| EFA | $824,911 | 0.57% | 7,941 | $25,240 | Down ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $807,636 | 0.55% | 2,290 | $53,821 | Down ×3 | ||
| SUB | $787,345 | 0.54% | 7,395 | $-315,997 | Down ×2 | ||
| AVDV | $785,240 | 0.54% | 7,620 | $45,378 | Up ×1 | ||
| QUAL | $735,090 | 0.51% | 3,350 | $181,718 | Up ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $730,836 | 0.50% | 6,222 | $259,087 | Up ×1 | ||
| IVV | $725,674 | 0.50% | 969 | $4,531 | Down ×1 | ||
| IJR | $720,786 | 0.50% | 4,860 | $113,657 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $720,371 | 0.50% | 1,907 | $130,446 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $689,441 | 0.47% | 737 | $-48,913 | Down ×2 | ||
| FALN iShares Fallen Angels USD Bond ETF | $680,429 | 0.47% | 24,979 | $12,990 | |||
| HBAN Huntington Bancshares Incorporated - Common Stock | $674,166 | 0.46% | 38,024 | $79,090 | |||
| VOO | $645,601 | 0.44% | 940 | $80,915 | Down ×1 | ||
| PAVE | $641,875 | 0.44% | 10,894 | $88,351 | |||
| AXP American Express Company Common Stock | $627,456 | 0.43% | 1,855 | $66,356 | |||
| MCD McDonald's Corporation Common Stock | $616,850 | 0.42% | 2,282 | $-141,480 | Down ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $594,530 | 0.41% | 1,372 | $301,601 | Up ×1 | ||
| VBR | $591,196 | 0.41% | 2,433 | $93,038 | Up ×2 | ||
| VYM | $586,293 | 0.40% | 3,710 | $129,406 | Up ×4 | ||
| USMV | $578,760 | 0.40% | 6,000 | $13,046 | Down ×2 | ||
| SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF | $570,422 | 0.39% | 22,826 | $-1,712 | |||
| BA Boeing Company (The) Common Stock | $560,009 | 0.38% | 2,587 | $-36,684 | Down ×1 | ||
| V Visa Inc. | $555,463 | 0.38% | 1,619 | $66,136 | |||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $553,183 | 0.38% | 9,564 | $877 | Down ×3 | ||
| MU Micron Technology, Inc. - Common Stock | $549,444 | 0.38% | 476 | Up ×1 | |||
| PFE Pfizer, Inc. Common Stock | $533,829 | 0.37% | 22,169 | $-152,193 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $528,332 | 0.36% | 3,902 | $-80,719 | Down ×2 | ||
| RTX RTX Corporation Common Stock | $513,790 | 0.35% | 2,708 | $-8,583 | |||
| LOW Lowe's Companies, Inc. Common Stock | $511,540 | 0.35% | 2,320 | $-36,630 | |||
| MMM 3M Company Common Stock | $493,826 | 0.34% | 3,050 | $50,873 | |||
| IWM | $473,510 | 0.33% | 1,576 | $82,662 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $461,897 | 0.32% | 820 | $-4,390 | Up ×1 | ||
| A Agilent Technologies, Inc. Common Stock | $452,153 | 0.31% | 3,404 | $64,165 | |||
| EMR Emerson Electric Company Common Stock | $449,206 | 0.31% | 3,138 | $37,673 | Down ×3 | ||
| BDX Becton, Dickinson and Company Common Stock | $429,323 | 0.30% | 2,837 | $-16,739 | |||
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | $407,920 | 0.28% | 7,672 | $-384 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $398,294 | 0.27% | 834 | $136,720 | Up ×1 | ||
| APH Amphenol Corporation Common Stock | $394,604 | 0.27% | 2,238 | $111,832 | |||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $385,436 | 0.26% | 3,045 | $-13,277 | |||
| CSX CSX Corporation - Common Stock | $371,684 | 0.26% | 7,820 | $50,673 | |||
| Unknown issuer (CUSIP: 438516205) | $364,845 | 0.25% | 1,635 | Up ×1 | |||
| CL Colgate-Palmolive Company Common Stock | $361,861 | 0.25% | 3,947 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $360,252 | 0.25% | 1,635 | Up ×1 | |||
| NTRS Northern Trust Corporation - Common Stock | $347,680 | 0.24% | 2,000 | $68,540 | |||
| ITW Illinois Tool Works Inc. Common Stock | $334,030 | 0.23% | 1,235 | $-30,377 | Down ×2 | ||
| INTC Intel Corporation - Common Stock | $323,663 | 0.22% | 2,318 | Up ×1 | |||
| BLK BlackRock, Inc. Common Stock | $318,275 | 0.22% | 331 | $1,871 | Up ×1 | ||
| DIS Walt Disney Company (The) Common Stock | $316,280 | 0.22% | 3,286 | $1,019 | Up ×1 | ||
| BR Broadridge Financial Solutions, Inc. Common Stock | $308,138 | 0.21% | 2,250 | $-57,442 | |||
| BKNG Booking Holdings Inc. - Common Stock | $294,096 | 0.20% | 1,650 | $16,215 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| MU | $549,444 | 476 | 0.38% |
| Unknown issuer (CUSIP: 438516205) | $364,845 | 1,635 | 0.25% |
| CL | $361,861 | 3,947 | 0.25% |
| Unknown issuer (CUSIP: 43849R105) | $360,252 | 1,635 | 0.25% |
| INTC | $323,663 | 2,318 | 0.22% |
| BAC | $293,389 | 5,149 | 0.20% |
| ABT | $258,428 | 2,848 | 0.18% |
| AMD | $242,240 | 417 | 0.17% |
| VTEB | $217,241 | 4,295 | 0.15% |
| QQQ | $209,875 | 285 | 0.14% |
| UNH | $200,335 | 482 | 0.14% |
| GPC | $183,342 | 1,554 | 0.13% |
| QCOM | $170,561 | 923 | 0.12% |
| DE | $161,754 | 255 | 0.11% |
| ETN | $154,257 | 362 | 0.11% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| CAT | Price move only | +0 | +$2.6M |
| CVX | Trimmed | -353 | -$943K |
| MUB | Trimmed | -9K | -$857K |
| VTI | Bought more | +639 | +$785K |
| XOM | Trimmed | -34 | -$771K |
| AAPL | Trimmed | -225 | +$754K |
| TXN | Price move only | +0 | +$705K |
| GOOGL | Bought more | +290 | +$691K |
| VEA | Bought more | +7K | +$602K |
| ABBV | Bought more | +2K | +$543K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| HON | June 30, 2026 | 3,331 | $752,905 | -1.2% |
| LQD | March 31, 2025 | 3,722 | $397,658 | No longer tracked |
| DD | Dec. 31, 2025 | 4,107 | $319,935 | 247.6% |
| AON | March 31, 2026 | 806 | $284,420 | 8.6% |
| ABT | March 31, 2026 | 2,104 | $263,611 | 11.9% |
| FICO | March 31, 2025 | 127 | $252,847 | -36.5% |
| NOW | March 31, 2025 | 220 | $233,226 | -18.6% |
| UNH | Dec. 31, 2025 | 637 | $219,957 | 18.8% |
| DHR | March 31, 2026 | 944 | $216,101 | 13.2% |
| FLOT | June 30, 2026 | 4,131 | $210,475 | No longer tracked |
| QGRO | Sept. 30, 2025 | 1,928 | $210,383 | No longer tracked |
| ES | Dec. 31, 2025 | 2,889 | $205,523 | 7.3% |
| GIS | March 31, 2026 | 4,350 | $202,275 | 7.0% |
| QCOM | March 31, 2026 | 1,179 | $201,669 | 25.8% |
| VNQ | Dec. 31, 2025 | 2,108 | $192,713 | No longer tracked |
| GPC | March 31, 2026 | 1,554 | $191,080 | 24.7% |
| T | June 30, 2026 | 6,204 | $179,855 | 22.0% |
| ADBE | June 30, 2026 | 729 | $177,206 | 33.6% |
| PAYX | June 30, 2025 | 1,138 | $175,570 | -15.1% |
| CRM | Sept. 30, 2025 | 634 | $172,885 | -13.2% |
| CRM | March 31, 2026 | 639 | $169,278 | 10.2% |
| UPS | Sept. 30, 2025 | 1,645 | $166,047 | 22.3% |
| NOW | March 31, 2026 | 1,070 | $163,913 | 24.0% |
| ACN | Sept. 30, 2025 | 535 | $159,907 | -25.0% |
| TSM | March 31, 2025 | 804 | $158,782 | 148.7% |
| BAC | March 31, 2026 | 2,451 | $134,805 | 29.0% |
| LIN | Dec. 31, 2025 | 148 | $70,300 | 14.3% |