Exchange Capital Management, Inc.

CIK

1317733

Location

Ann Arbor, MI

Portfolio Value

Small $336,894,263

Diversification

Diversified

Filing Date

Global Rank

#3,036 / 7,998 ▼ 45 · as of Jun 2025

Top Industry

Software - Infrastructure 12.0%

3Y Alpha vs SPY

-7.3%

Period ended 1 year ago

Filed Jul 21, 2025 · 12mo

22 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+48.0%

SPY

+76.0%

Annualised alpha

-6.8%

Max drawdown

−16.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

97 positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025

Top Position

10.6%

+2.0 pts

Top 5

31.4%

+2.1 pts

Top 10

45.7%

+2.3 pts

HHI

327

Diversified+36

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2025

Sector	% Portfolio	Value	Positions
Technology	25.2%	$84,848,497	21
Financial Services	16.5%	$55,654,443	14
Healthcare	11.5%	$38,677,458	14
Consumer Cyclical	11.4%	$38,509,248	8
Industrials	10.0%	$33,849,757	14
Communication Services	9.0%	$30,359,676	5
Consumer Defensive	7.6%	$25,463,697	8
Unclassified	4.0%	$13,392,871	3
Energy	2.2%	$7,430,060	4
Basic Materials	2.1%	$7,067,446	3
Utilities	0.5%	$1,641,110	3

Last Quarter's Activity

Export CSV

Jun 30, 2025 vs Mar 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GSK	GSK plc	+23,619	33,503	$1,286,515
AAPL	Apple Inc.	+3,409	35,149	$7,211,520
CMCSA	Comcast Corp	+3,356	133,668	$4,471,047
JNJ	Johnson & Johnson	+3,331	24,725	$3,776,743
ADBE	Adobe Inc.	+1,928	9,294	$3,595,662
ICE	Intercontinental Exchange, Inc.	+1,797	8,132	$1,491,978
MDT	Medtronic plc	+1,658	41,026	$3,576,236
HON	Honeywell International Inc	+1,278	25,074	$5,771,911
COST	Costco Wholesale Corp /New	+1,160	4,152	$4,110,230
CLX	Clorox Co /De/	+1,095	10,871	$1,305,280
LNG	Cheniere Energy, Inc.	+1,073	19,899	$4,845,804
FTNT	Fortinet, Inc.	+968	17,588	$1,859,403
TER	Teradyne, Inc	+809	5,225	$469,832
MAS	Masco Corp /De/	+648	16,079	$1,034,844
SCHW	Schwab Charles Corp	+625	7,365	$671,982
ADSK	Autodesk, Inc.	+440	3,008	$931,186
T	At&T Inc.	+263	17,931	$518,923
WDAY	Workday, Inc.	+259	4,516	$1,083,840
SO	Southern Co	+251	3,120	$286,509
BMY	Bristol Myers Squibb Co	+220	54,893	$2,540,996
MKTX	Marketaxess Holdings Inc	+205	2,270	$506,981
VZ	Verizon Communications Inc	+184	8,375	$362,386
WMT	Walmart Inc.	+174	6,034	$590,004
ROP	Roper Technologies Inc	+163	3,122	$1,769,674
MCD	Mcdonalds Corp	+163	11,245	$3,285,451
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CLB	Core Laboratories Inc. /DE/	−38,138	35,489	$408,833
USB	US Bancorp De	−14,227	61,329	$2,775,137
GWRE	Guidewire Software, Inc.	−13,647	27,564	$6,489,943
DIS	Walt Disney Co	−6,769	36,091	$4,475,644
ZBH	Zimmer Biomet Holdings, Inc.	−6,161	21,301	$1,942,864
KVUE	Kenvue Inc.	−5,486	187,366	$3,921,570
BAC	Bank Of America Corp /De/	−3,424	48,105	$2,276,328
CMS	Cms Energy Corp	−2,378	8,360	$579,180
KO	Coca Cola Co	−2,220	11,327	$801,385
MCHP	Microchip Technology Inc	−2,079	34,857	$2,452,887
PEP	Pepsico Inc	−1,929	18,502	$2,443,004
MRK	Merck & Co., Inc.	−1,706	55,616	$4,402,562
GOOGL	Alphabet Inc.	−1,501	116,505	$20,531,676
PFE	Pfizer Inc	−1,283	33,079	$801,834
EMR	Emerson Electric Co	−1,273	63,212	$8,428,055
SBUX	Starbucks Corp	−1,213	40,253	$3,688,382
F	Ford Motor Co	−1,135	18,791	$203,882
LRCX	Lam Research Corp	−955	27,541	$2,680,840
CRM	Salesforce, Inc.	−797	39,104	$10,663,269
PG	PROCTER & GAMBLE Co	−772	28,085	$4,474,502
RTX	RTX Corp	−750	43,362	$6,331,719
V	Visa Inc.	−710	13,081	$4,644,409
BRK-B	Berkshire Hathaway Inc	−625	30,692	$14,909,252
MSFT	Microsoft Corp	−572	71,967	$35,797,105
JPM	Jpmorgan Chase & Co	−563	32,762	$9,498,031
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
GEV	GE Vernova Inc.	633	$334,951
NVDA	Nvidia Corp	1,586	$250,572
PANW	Palo Alto Networks Inc	1,217	$249,046
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
ETSY	Etsy Inc	7,595	$358,332
WEC	Wec Energy Group, Inc.	2,182	$237,794
AEE	Ameren Corp	2,025	$203,310
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

97 positions · $336,894,263 total · as of Jun 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 97 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	71,967	-572	$35,797,105	+31.5%	10.63%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	99,253	-182	$21,775,115	+15.1%	6.46%
GOOGL	Alphabet Inc. Communication Services	Reduced	116,505	-1,501	$20,531,676	+12.5%	6.09%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	30,692	-625	$14,909,252	−10.6%	4.43%
BLK	BlackRock, Inc. Financial Services	Reduced	12,231	-213	$12,833,376	+9.0%	3.81%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	19,852	-179	$11,245,760	+5.2%	3.34%
CRM	Salesforce, Inc. Technology	Reduced	39,104	-797	$10,663,269	−0.4%	3.17%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	32,762	-563	$9,498,031	+16.2%	2.82%
VEEV	Veeva Systems Inc Healthcare	Reduced	29,276	-337	$8,430,902	+22.9%	2.50%
EMR	Emerson Electric Co Industrials	Reduced	63,212	-1,273	$8,428,055	+19.2%	2.50%
MNST	Monster Beverage Corp Consumer Defensive	Held	124,804	0	$7,817,722	+7.0%	2.32%
AAPL	Apple Inc. Technology	Added	35,149	+3,409	$7,211,520	+2.3%	2.14%
GWRE	Guidewire Software, Inc. Technology	Reduced	27,564	-13,647	$6,489,943	−15.9%	1.93%
RTX	RTX Corp Industrials	Reduced	43,362	-750	$6,331,719	+8.4%	1.88%
HON	Honeywell International Inc Industrials	Added	25,074	+1,278	$5,771,911	+15.9%	1.71%
GILD	Gilead Sciences, Inc. Healthcare	Added	46,147	+39	$5,116,317	−1.0%	1.52%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	13,948	-243	$5,113,894	−1.7%	1.52%
LNG	Cheniere Energy, Inc. Energy	Added	19,899	+1,073	$4,845,804	+11.2%	1.44%
V	Visa Inc. Financial Services	Reduced	13,081	-710	$4,644,409	−3.9%	1.38%
AMGN	Amgen Inc Healthcare	Reduced	16,466	-276	$4,597,471	−11.9%	1.36%
DIS	Walt Disney Co Communication Services	Reduced	36,091	-6,769	$4,475,644	+5.8%	1.33%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	28,085	-772	$4,474,502	−9.0%	1.33%
CMCSA	Comcast Corp Communication Services	Added	133,668	+3,356	$4,471,047	−0.8%	1.33%
MRK	Merck & Co., Inc. Healthcare	Reduced	55,616	-1,706	$4,402,562	−14.4%	1.31%
CTVA	Corteva, Inc. Basic Materials	Added	56,901	+161	$4,240,831	+18.8%	1.26%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	4,152	+1,160	$4,110,230	+45.2%	1.22%
KVUE	Kenvue Inc. Consumer Defensive	Reduced	187,366	-5,486	$3,921,570	−15.2%	1.16%
JNJ	Johnson & Johnson Healthcare	Added	24,725	+3,331	$3,776,743	+6.4%	1.12%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	40,253	-1,213	$3,688,382	−9.3%	1.09%
ADBE	Adobe Inc. Technology	Added	9,294	+1,928	$3,595,662	+27.3%	1.07%
MDT	Medtronic plc Healthcare	Added	41,026	+1,658	$3,576,236	+1.1%	1.06%
MCD	Mcdonalds Corp Consumer Cyclical	Added	11,245	+163	$3,285,451	−5.1%	0.98%
GD	General Dynamics Corp Industrials	Reduced	10,528	-302	$3,070,596	+4.0%	0.91%
LMT	Lockheed Martin Corp Industrials	Added	6,610	+5	$3,061,355	+3.8%	0.91%
USB	US Bancorp De Financial Services	Reduced	61,329	-14,227	$2,775,137	−13.0%	0.82%
LRCX	Lam Research Corp Technology	Reduced	27,541	-955	$2,680,840	+29.4%	0.80%
BMY	Bristol Myers Squibb Co Healthcare	Added	54,893	+220	$2,540,996	−23.8%	0.75%
MCHP	Microchip Technology Inc Technology	Reduced	34,857	-2,079	$2,452,887	+37.2%	0.73%
PEP	Pepsico Inc Consumer Defensive	Reduced	18,502	-1,929	$2,443,004	−20.3%	0.73%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	10,521	-81	$2,334,294	−5.6%	0.69%
NOW	ServiceNow, Inc. Technology	Reduced	11,308	-190	$2,325,105	+27.0%	0.69%
MCO	Moodys Corp /De/ Financial Services	Reduced	4,548	-194	$2,281,231	+3.3%	0.68%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	48,105	-3,424	$2,276,328	+5.9%	0.68%
EFX	Equifax Inc Industrials	Reduced	7,857	-74	$2,037,870	+5.5%	0.60%
ECL	Ecolab Inc. Basic Materials	Added	7,224	+150	$1,946,434	+8.5%	0.58%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Reduced	21,301	-6,161	$1,942,864	−37.5%	0.58%
ACN	Accenture plc Technology	Reduced	6,474	-159	$1,935,013	−6.5%	0.57%
FTNT	Fortinet, Inc. Technology	Added	17,588	+968	$1,859,403	+16.2%	0.55%
ROP	Roper Technologies Inc Technology	Added	3,122	+163	$1,769,674	+1.4%	0.53%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,821	-165	$1,742,954	+4.3%	0.52%