EXCHANGE CAPITAL MANAGEMENT, INC.

Filed: 7/21/2025ACC: 0001104659-25-069257

📋 What this filing means

EXCHANGE CAPITAL MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 206 equity positions with a total reported market value of $670.02M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

206

Positions

$670.02M

Total AUM (reported)

7.94M

Total Shares

Allocation by class

COM$274.97M41.0%

CL A$30.11M4.5%

INF TECH ETF$24.60M3.7%

CURRNCY INT EQ$17.52M2.6%

CL B NEW$14.91M2.2%

FINANCIALS ETF$12.73M1.9%

HDG MSCI EAFE$12.36M1.8%

Portfolio Concentration

Top 3$82.17M12.3%

4–10$102.98M15.4%

11–25$143.92M21.5%

Rest$340.94M50.9%

Top 3 weight

12.3%

Top 10 weight

27.6%

Voting Authority Distribution

Total shares with voting rights: 7.94M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

7.94M

% of voting shares100.0%

Investment Discretion (by position count)

Sole206

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings206

Rows:

Microsoft Corp

SOLE

COM

Shares71.97K

TypeSH

Market value$35.80M

5.34%

Sole

0.00

Shared

0.00

None

71.97K

Vanguard Sector Index Fds Vanguard Information Tec

SOLE

INF TECH ETF

Shares37.09K

TypeSH

Market value$24.60M

3.67%

Sole

0.00

Shared

0.00

None

37.09K

Amazon.com Inc

SOLE

COM

Shares99.25K

TypeSH

Market value$21.78M

3.25%

Sole

0.00

Shared

0.00

None

99.25K

Alphabet Inc. CL A

SOLE

CL A

Shares116.50K

TypeSH

Market value$20.53M

3.06%

Sole

0.00

Shared

0.00

None

116.50K

WisdomTree Dynamic Ccy Hdgd Intl Eq ETF

SOLE

CURRNCY INT EQ

Shares441.63K

TypeSH

Market value$17.52M

2.61%

Sole

0.00

Shared

0.00

None

441.63K

Berkshire Hathaway Inc

SOLE

CL B NEW

Shares30.69K

TypeSH

Market value$14.91M

2.23%

Sole

0.00

Shared

0.00

None

30.69K

BlackRock Inc

SOLE

COM

Shares12.23K

TypeSH

Market value$12.83M

1.92%

Sole

0.00

Shared

0.00

None

12.23K

Vanguard Financials ETF

SOLE

FINANCIALS ETF

Shares100.02K

TypeSH

Market value$12.73M

1.90%

Sole

0.00

Shared

0.00

None

100.02K

iShares Currency Hedged MSCI EAFE

SOLE

HDG MSCI EAFE

Shares325.52K

TypeSH

Market value$12.36M

1.84%

Sole

0.00

Shared

0.00

None

325.52K

SPDR Portfolio S&P 400 Mid Cap ETF

SOLE

PORTFOLIO S&P400

Shares222.55K

TypeSH

Market value$12.10M

1.81%

Sole

0.00

Shared

0.00

None

222.55K

ServiceNow Inc

SOLE

COM

Shares11.31K

TypeSH

Market value$11.63M

1.74%

Sole

0.00

Shared

0.00

None

11.31K

KLA-Tencor Corp

SOLE

COM

Shares12.68K

TypeSH

Market value$11.36M

1.70%

Sole

0.00

Shared

0.00

None

12.68K

SPDR S&P MidCap 400 ETF

SOLE

UTSER1 S&PDCRP

Shares19.85K

TypeSH

Market value$11.25M

1.68%

Sole

0.00

Shared

0.00

None

19.85K

Vanguard Health Care ETF

SOLE

HEALTH CAR ETF

Shares44.07K

TypeSH

Market value$10.94M

1.63%

Sole

0.00

Shared

0.00

None

44.07K

Salesforce.com Inc

SOLE

COM

Shares39.10K

TypeSH

Market value$10.66M

1.59%

Sole

0.00

Shared

0.00

None

39.10K

Vanguard Industrials ETF

SOLE

INDUSTRIAL ETF

Shares35.52K

TypeSH

Market value$9.95M

1.48%

Sole

0.00

Shared

0.00

None

35.52K

Vanguard Consumer Discretionary ETF

SOLE

CONSUM DIS ETF

Shares27.45K

TypeSH

Market value$9.95M

1.48%

Sole

0.00

Shared

0.00

None

27.45K

iShares Core S&P Small-Cap

SOLE

CORE S&P SCP ETF

Shares88.65K

TypeSH

Market value$9.69M

1.45%

Sole

0.00

Shared

0.00

None

88.65K

JPMorgan Chase & Co

SOLE

COM

Shares32.76K

TypeSH

Market value$9.50M

1.42%

Sole

0.00

Shared

0.00

None

32.76K

Vanguard Telecommunication Services ETF

SOLE

TELCOMM ETF

Shares50.31K

TypeSH

Market value$8.60M

1.28%

Sole

0.00

Shared

0.00

None

50.31K

Veeva Systems Inc

SOLE

CL A COM

Shares29.28K

TypeSH

Market value$8.43M

1.26%

Sole

0.00

Shared

0.00

None

29.28K

Emerson Electric Co

SOLE

COM

Shares63.21K

TypeSH

Market value$8.43M

1.26%

Sole

0.00

Shared

0.00

None

63.21K

SPDR S&P 600 Small Cap ETF

SOLE

PORTFOLIO S&P600

Shares188.61K

TypeSH

Market value$8.03M

1.20%

Sole

0.00

Shared

0.00

None

188.61K

Monster Beverage Corp

SOLE

COM

Shares124.80K

TypeSH

Market value$7.82M

1.17%

Sole

0.00

Shared

0.00

None

124.80K

SPDR S&P 1500 ETF

SOLE

PORTFOLI S&P1500

Shares102.55K

TypeSH

Market value$7.68M

1.15%

Sole

0.00

Shared

0.00

None

102.55K

Issuer	Class	Shares	Type	Value / Portfolio %	None
Microsoft CorpSOLE	COM	71.97K	SH	$35.80M 5.34%	71.97K
Vanguard Sector Index Fds Vanguard Information TecSOLE	INF TECH ETF	37.09K	SH	$24.60M 3.67%	37.09K
Amazon.com IncSOLE	COM	99.25K	SH	$21.78M 3.25%	99.25K
Alphabet Inc. CL ASOLE	CL A	116.50K	SH	$20.53M 3.06%	116.50K
WisdomTree Dynamic Ccy Hdgd Intl Eq ETFSOLE	CURRNCY INT EQ	441.63K	SH	$17.52M 2.61%	441.63K
Berkshire Hathaway IncSOLE	CL B NEW	30.69K	SH	$14.91M 2.23%	30.69K
BlackRock IncSOLE	COM	12.23K	SH	$12.83M 1.92%	12.23K
Vanguard Financials ETFSOLE	FINANCIALS ETF	100.02K	SH	$12.73M 1.90%	100.02K
iShares Currency Hedged MSCI EAFESOLE	HDG MSCI EAFE	325.52K	SH	$12.36M 1.84%	325.52K
SPDR Portfolio S&P 400 Mid Cap ETFSOLE	PORTFOLIO S&P400	222.55K	SH	$12.10M 1.81%	222.55K
ServiceNow IncSOLE	COM	11.31K	SH	$11.63M 1.74%	11.31K
KLA-Tencor CorpSOLE	COM	12.68K	SH	$11.36M 1.70%	12.68K
SPDR S&P MidCap 400 ETFSOLE	UTSER1 S&PDCRP	19.85K	SH	$11.25M 1.68%	19.85K
Vanguard Health Care ETFSOLE	HEALTH CAR ETF	44.07K	SH	$10.94M 1.63%	44.07K
Salesforce.com IncSOLE	COM	39.10K	SH	$10.66M 1.59%	39.10K
Vanguard Industrials ETFSOLE	INDUSTRIAL ETF	35.52K	SH	$9.95M 1.48%	35.52K
Vanguard Consumer Discretionary ETFSOLE	CONSUM DIS ETF	27.45K	SH	$9.95M 1.48%	27.45K
iShares Core S&P Small-CapSOLE	CORE S&P SCP ETF	88.65K	SH	$9.69M 1.45%	88.65K
JPMorgan Chase & CoSOLE	COM	32.76K	SH	$9.50M 1.42%	32.76K
Vanguard Telecommunication Services ETFSOLE	TELCOMM ETF	50.31K	SH	$8.60M 1.28%	50.31K
Veeva Systems IncSOLE	CL A COM	29.28K	SH	$8.43M 1.26%	29.28K
Emerson Electric CoSOLE	COM	63.21K	SH	$8.43M 1.26%	63.21K
SPDR S&P 600 Small Cap ETFSOLE	PORTFOLIO S&P600	188.61K	SH	$8.03M 1.20%	188.61K
Monster Beverage CorpSOLE	COM	124.80K	SH	$7.82M 1.17%	124.80K
SPDR S&P 1500 ETFSOLE	PORTFOLI S&P1500	102.55K	SH	$7.68M 1.15%	102.55K

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