Exchange Capital Management, Inc.

13F filer, CIK 1317733, Ann Arbor, MI

Exchange Capital Management, Inc. reported $529,854,155 across 176 holdings for the quarter ended 2023-09-30, in a 13F-HR filed 2023-10-30. Its ten largest share positions make up 26.81% of the portfolio.

Filed 2023-10-30 (acceptance time not in the bulk data set), ingested 2026-10-07 18:30:40 UTC13F-HR 0001104659-23-112530

Period: 2023-09-30
Reported value: $530M
Holdings: 176
Top 10 weight: 26.81%
New: 4
Sold out: 4

Largest buys vs the previous quarter

Security	Shares change	Approx. value
MNSTnew	+157,790	$8.35M
KVUEnew	+233,066	$4.68M
XONEnew	+12,681	$631K
BSCQadded	+26,929	$506K
BSCRadded	+26,141	$490K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
JNJreduced	-16,094	-$2.51M
KLACreduced	-1,547	-$710K
MSFTreduced	-1,327	-$419K
BRK-Breduced	-932	-$326K
INVESCOreduced	-14,854	-$315K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2023

Share positions as resolved from 13F-HR 0001104659-23-112530, largest first. % of portfolio is the value over $529,854,155, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MSFTMICROSOFT CORP	73,175	$23.1M	4.36%	-1,327	Timeline
GOOGLALPHABET INC	127,493	$16.7M	3.15%	-914	Timeline
DDWMWISDOMTREE TR	479,374	$14.6M	2.76%	-2,889	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	39,839	$14M	2.63%	-932	Timeline
VGTVANGUARD WORLD FD	33,373	$13.8M	2.61%	+283	Timeline
AMZNAMAZON COM INC	106,822	$13.6M	2.56%	-671	Timeline
INVESCOINVESCO	606,853	$12.9M	2.43%	-14,854
IJRISHARES TR	127,260	$12M	2.27%	+1,679	Timeline
ISHARESISHARES	436,148	$11.1M	2.09%	-150
MDYSTATE STR SPDR S&P MIDCAP 40	22,682	$10.4M	1.95%	-179	Timeline
CRMSALESFORCE INC	46,500	$9.43M	1.78%	-841	Timeline
BLACKROCK INCBLACKROCK INC	14,257	$9.22M	1.74%	-214
IJHISHARES TR	36,836	$9.19M	1.73%	+1,303	Timeline
KLACKLA CORP	19,539	$8.96M	1.69%	-1,547	Timeline
MNSTMONSTER BEVERAGE CORP NEW	157,790	$8.35M	1.58%	new	Timeline
HEFAISHARES TR	273,206	$8.22M	1.55%	+1,567	Timeline
NOWSERVICENOW INC	14,335	$8.01M	1.51%	-379	Timeline
AGGISHARES TR	83,848	$7.89M	1.49%	-434	Timeline
VFHVANGUARD WORLD FD	88,929	$7.14M	1.35%	+1,491	Timeline
EMREMERSON ELEC CO	69,947	$6.75M	1.27%	-1,123	Timeline
CMCSACOMCAST CORP NEW	148,354	$6.58M	1.24%	+1,098	Timeline
MRKMERCK & CO INC	61,791	$6.36M	1.2%	-1,349	Timeline
VCRVANGUARD WORLD FD	22,587	$6.08M	1.15%	-13	Timeline
VHTVANGUARD WORLD FD	25,750	$6.05M	1.14%	+57	Timeline
SCHMSCHWAB STRATEGIC TR	86,158	$5.83M	1.1%	-2,462	Timeline
FTECFIDELITY COVINGTON TRUST	46,539	$5.72M	1.08%	-599	Timeline
GWREGUIDEWIRE SOFTWARE INC	62,339	$5.61M	1.06%	+2,710	Timeline
HDHOME DEPOT INC	18,037	$5.45M	1.03%	-375	Timeline
SCHXSCHWAB STRATEGIC TR	107,512	$5.44M	1.03%	-3,185	Timeline
JPMJPMORGAN CHASE & CO	37,435	$5.43M	1.02%	-867	Timeline
VOXVANGUARD WORLD FD	51,258	$5.39M	1.02%	+227	Timeline
VEEVVEEVA SYS INC	25,780	$5.24M	0.99%	-282	Timeline
AAPLAPPLE INC	29,987	$5.13M	0.97%	-1,310	Timeline
BIIBBIOGEN INC	19,378	$4.98M	0.94%	-190	Timeline
AMGNAMGEN INC	18,244	$4.9M	0.93%	-333	Timeline
ADBEADOBE INC	9,577	$4.88M	0.92%	-179	Timeline
INVESCOINVESCO	231,503	$4.79M	0.9%	+20,738
KVUEKENVUE INC	233,066	$4.68M	0.88%	new	Timeline
PGPROCTER & GAMBLE CO	31,703	$4.62M	0.87%	-830	Timeline
VISVANGUARD WORLD FD	23,494	$4.58M	0.86%	+324	Timeline
DISDISNEY WALT CO	56,141	$4.55M	0.86%	-495	Timeline
VVISA INC	19,493	$4.48M	0.85%	-526	Timeline
SBUXSTARBUCKS CORP	47,190	$4.31M	0.81%	-700	Timeline
XOMEXXON MOBIL CORP	35,159	$4.13M	0.78%	-935	Timeline
PEPPEPSICO INC	24,350	$4.13M	0.78%	-1,230	Timeline
VAWVANGUARD WORLD FD	23,126	$3.99M	0.75%	+377	Timeline
INVESCOINVESCO	196,828	$3.96M	0.75%	+18,747
SCHASCHWAB STRATEGIC TR	95,515	$3.96M	0.75%	-3,517	Timeline
XLKSELECT SECTOR SPDR TR	21,741	$3.56M	0.67%	-232	Timeline
FHLCFIDELITY COVINGTON TRUST	57,593	$3.49M	0.66%	-667	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	44,102	$3.44M	0.65%	-2,605	Timeline
HONHONEYWELL INTL INC	17,667	$3.26M	0.62%	+720	Timeline
SUBISHARES TR	31,057	$3.19M	0.6%	+260	Timeline
SPTMSPDR SERIES TRUST	59,575	$3.13M	0.59%	+1,022	Timeline
LNGCHENIERE ENERGY INC	18,110	$3.01M	0.57%	-854	Timeline
MCDMCDONALDS CORP	11,280	$2.97M	0.56%	-97	Timeline
IEMGISHARES INC	61,810	$2.94M	0.56%	-423	Timeline
BABINVESCO EXCH TRADED FD TR II	113,127	$2.86M	0.54%	+5,504	Timeline
GILDGILEAD SCIENCES INC	37,740	$2.83M	0.53%	+3,346	Timeline
CTVACORTEVA INC	54,121	$2.77M	0.52%	+2,915	Timeline
RTXRTX CORPORATION	38,443	$2.77M	0.52%	-650	Timeline
MDTMEDTRONIC PLC	34,891	$2.73M	0.52%	+2,760	Timeline
LMTLOCKHEED MARTIN CORP	6,605	$2.7M	0.51%	-15	Timeline
USBUS BANCORP	81,024	$2.68M	0.51%	-1,049	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	23,695	$2.66M	0.5%	+2,225	Timeline
MMM3M CO	28,348	$2.65M	0.5%	-335	Timeline
LOWLOWES COS INC	12,660	$2.63M	0.5%	-395	Timeline
VDCVANGUARD WORLD FD	14,212	$2.6M	0.49%	-544	Timeline
GDGENERAL DYNAMICS CORP	11,466	$2.53M	0.48%	-65	Timeline
PFEPFIZER INC	70,677	$2.34M	0.44%	-3,472	Timeline
FDISFIDELITY COVINGTON TRUST	33,270	$2.32M	0.44%	-333	Timeline
BSCQINVESCO EXCH TRD SLF IDX FD	119,368	$2.24M	0.42%	+26,929	Timeline
ACNACCENTURE PLC IRELAND	7,226	$2.22M	0.42%	-298	Timeline
VTIVANGUARD INDEX FDS	10,446	$2.22M	0.42%	-165	Timeline
IVVISHARES TR	5,092	$2.19M	0.41%	-133	Timeline
BMYBRISTOL-MYERS SQUIBB CO	36,345	$2.11M	0.4%	-1,394	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	3,295	$2.07M	0.39%	-85
VLOVALERO ENERGY CORP	13,836	$1.96M	0.37%	-118	Timeline
CNRGSPDR SERIES TRUST	28,922	$1.95M	0.37%	+100	Timeline
JNJJOHNSON & JOHNSON	12,325	$1.92M	0.36%	-16,094	Timeline
BSCRINVESCO EXCH TRD SLF IDX FD	101,206	$1.9M	0.36%	+26,141	Timeline
MCOMOODYS CORP	5,981	$1.89M	0.36%	-96	Timeline
FIDUFIDELITY COVINGTON TRUST	34,291	$1.86M	0.35%	-195	Timeline
BSCSINVESCO EXCH TRD SLF IDX FD	94,916	$1.84M	0.35%	+13,726	Timeline
BACBANK OF AMER CORP	66,994	$1.83M	0.35%	-1,925	Timeline
FNCLFIDELITY COVINGTON TRUST	39,309	$1.83M	0.35%	-100	Timeline
BSCTINVESCO EXCH TRD SLF IDX FD	104,287	$1.83M	0.34%	+11,603	Timeline
DDOMINION ENERGY INC	40,588	$1.81M	0.34%	-844	Timeline
VWOVANGUARD INTL EQUITY INDEX F	43,586	$1.71M	0.32%	-17	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	3,801	$1.62M	0.31%	-47	Timeline
FCOMFIDELITY COVINGTON TRUST	39,108	$1.55M	0.29%	-488	Timeline
NKENIKE INC	15,994	$1.53M	0.29%	-390	Timeline
CMPCOMPASS MINERALS INTL INC	53,035	$1.48M	0.28%	-953	Timeline
AMATAPPLIED MATLS INC	10,495	$1.45M	0.27%	-360	Timeline
SCHZSCHWAB STRATEGIC TR	30,626	$1.35M	0.26%	-585	Timeline
XLYSELECT SECTOR SPDR TR	8,356	$1.35M	0.25%	-51	Timeline
XHLFBONDBLOXX ETF TRUST	26,621	$1.34M	0.25%	+7,615	Timeline
SPMBSPDR SERIES TRUST	63,947	$1.33M	0.25%	-3,830	Timeline
LQDISHARES TR	12,637	$1.29M	0.24%	-383	Timeline
DPZDOMINOS PIZZA INC	3,240	$1.23M	0.23%	+475	Timeline
CMSCMS ENERGY CORP	22,674	$1.2M	0.23%	-2,170	Timeline
ECLECOLAB INC	7,026	$1.19M	0.22%	+1,836	Timeline
XLISELECT SECTOR SPDR TR	11,607	$1.18M	0.22%	-145	Timeline
VPUVANGUARD WORLD FD	8,970	$1.14M	0.22%	+110	Timeline
COSTCOSTCO WHOLESALE CORPORATION	2,005	$1.13M	0.21%	-37	Timeline
ISHARES TR IBONDS DEC2023ISHARES TR IBONDS DEC2023	43,921	$1.12M	0.21%	+135
IHDGWISDOMTREE TR	28,868	$1.12M	0.21%	+6,075	Timeline
UNPUNION PAC CORP	5,372	$1.09M	0.21%	-276	Timeline
SPGIS&P GLOBAL INC	2,945	$1.08M	0.2%	0	Timeline
KOCOCA COLA CO	18,947	$1.06M	0.2%	-1,754	Timeline
ISHARES TRISHARES TR	42,433	$1.03M	0.2%	0
ETSYETSY INC	15,309	$989K	0.19%	+2,140	Timeline
ROPROPER TECHNOLOGIES INC	2,040	$988K	0.19%	-19	Timeline
FSTAFIDELITY COVINGTON TRUST	23,015	$980K	0.18%	-435	Timeline
FMATFIDELITY COVINGTON TRUST	20,190	$892K	0.17%	-237	Timeline
QCRHQCR HLDGS INC	18,250	$885K	0.17%	0	Timeline
ISHARESISHARES	35,334	$874K	0.16%	0
EFXEQUIFAX INC	4,763	$872K	0.16%	-45	Timeline
ASMLASML HLDG NV	1,480	$871K	0.16%	-28	Timeline
VBVANGUARD INDEX FDS	4,501	$851K	0.16%	-10	Timeline
UNILEVER PLCUNILEVER PLC	16,532	$817K	0.15%	-55
FTNTFORTINET INC	13,890	$815K	0.15%	-10	Timeline
CNICANADIAN NATL RY CO	7,285	$789K	0.15%	0	Timeline
GOOGALPHABET INC	5,921	$781K	0.15%	-235	Timeline
CMECME GROUP INC	3,808	$762K	0.14%	-12	Timeline
LINLINDE PLC	2,044	$761K	0.14%	0	Timeline
SCHBSCHWAB STRATEGIC TR	15,227	$759K	0.14%	-584	Timeline
XSOEWISDOMTREE TR	28,107	$750K	0.14%	+1,796	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	6,761	$744K	0.14%	+2,560	Timeline
STZCONSTELLATION BRANDS INC	2,925	$735K	0.14%	-207	Timeline
CVXCHEVRON CORPORATION	4,298	$725K	0.14%	-135	Timeline
DDLSWISDOMTREE TR	23,049	$705K	0.13%	+3,960	Timeline
NEENEXTERA ENERGY INC	11,975	$686K	0.13%	0	Timeline
CLXCLOROX CO DEL	5,021	$658K	0.12%	0	Timeline
LLYELI LILLY & CO	1,193	$641K	0.12%	0	Timeline
IBDRISHARES TR	27,357	$638K	0.12%	0	Timeline
MASMASCO CORP	11,913	$637K	0.12%	+4,670	Timeline
XONEBONDBLOXX ETF TRUST	12,681	$631K	0.12%	new	Timeline
INTCINTEL CORP	16,791	$597K	0.11%	-1,000	Timeline
WDAYWORKDAY INC	2,736	$588K	0.11%	-27	Timeline
KBESPDR SERIES TRUST	13,091	$482K	0.09%	-75	Timeline
DFACDIMENSIONAL ETF TRUST	18,252	$478K	0.09%	0	Timeline
MUBISHARES TR	4,642	$476K	0.09%	+2,137	Timeline
IBDSISHARES TR	19,787	$458K	0.09%	0	Timeline
ORCLORACLE CORP	4,321	$458K	0.09%	-123	Timeline
THE SHYFT GROUPTHE SHYFT GROUP	30,000	$449K	0.08%	0
VTEBVANGUARD MUN BD FDS	9,335	$449K	0.08%	+967	Timeline
EMXCISHARES INC	8,581	$428K	0.08%	-91	Timeline
XLVSELECT SECTOR SPDR TR	3,312	$426K	0.08%	-44	Timeline
FUTYFIDELITY COVINGTON TRUST	11,000	$417K	0.08%	-126	Timeline
XLFSELECT SECTOR SPDR TR	12,470	$414K	0.08%	+316	Timeline
TERTERADYNE INC	3,836	$385K	0.07%	+1,515	Timeline
XLBSELECT SECTOR SPDR TR	4,293	$337K	0.06%	0	Timeline
CMACOMERICA INC	7,968	$331K	0.06%	0	Timeline
ICLNISHARES TR	22,615	$331K	0.06%	+772	Timeline
SHMSPDR SERIES TRUST	7,065	$327K	0.06%	0	Timeline
WMTWALMART INC	2,014	$322K	0.06%	-70	Timeline
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	1,476	$301K	0.06%	-104
CATHGLOBAL X FDS	5,708	$299K	0.06%	0	Timeline
GEGE AEROSPACE	2,663	$294K	0.06%	0	Timeline
TFISPDR SERIES TRUST	6,500	$284K	0.05%	0	Timeline
PRFINVESCO EXCHANGE TRADED FD T	8,580	$273K	0.05%	+6,864	Timeline
SCHOSCHWAB STRATEGIC TR	5,700	$273K	0.05%	0	Timeline
PWBINVESCO EXCHANGE TRADED FD T	3,880	$263K	0.05%	-90	Timeline
TAT&T INC	17,486	$263K	0.05%	0	Timeline
CATCATERPILLAR INC	924	$252K	0.05%	-55	Timeline
IBDTISHARES TR	10,493	$252K	0.05%	0	Timeline
SYKSTRYKER CORPORATION	884	$242K	0.05%	0	Timeline
FNDASCHWAB STRATEGIC TR	4,557	$221K	0.04%	0	Timeline
SCHGSCHWAB STRATEGIC TR	2,960	$215K	0.04%	-20	Timeline
VZVERIZON COMMUNICATIONS INC	6,586	$213K	0.04%	0	Timeline
XLPSELECT SECTOR SPDR TR	3,089	$213K	0.04%	-109	Timeline
IEFISHARES TR	2,264	$207K	0.04%	-172	Timeline
VOOVANGUARD INDEX FDS	518	$203K	0.04%	0	Timeline
SIRIUS XM HOLDINGS INCSIRIUS XM HOLDINGS INC	40,305	$182K	0.03%	new
FFORD MTR CO	13,637	$169K	0.03%	-4,550	Timeline

Sold out in Q3 2023

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
QQQINVESCO QQQ TR	679	$251K	shares
BNDVANGUARD BD INDEX FDS	2,905	$211K	shares
VEAVANGUARD TAX-MANAGED FDS	4,425	$204K	shares
MAMASTERCARD INCORPORATED	511	$201K	shares

How Q3 2023 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001104659-23-112530	base		2023-10-30	acceptance time not in the bulk data set	2026-10-07 18:30:40 UTC