Exchange Capital Management, Inc.

13F filer, CIK 1317733, Ann Arbor, MI

Exchange Capital Management, Inc. reported $557,084,402 across 181 holdings for the quarter ended 2023-12-31, in a 13F-HR filed 2024-02-08. Its ten largest share positions make up 27.92% of the portfolio.

Filed 2024-02-08 (acceptance time not in the bulk data set), ingested 2026-10-07 18:29:43 UTC13F-HR 0001104659-24-012024

Period: 2023-12-31
Reported value: $557M
Holdings: 181
Top 10 weight: 27.92%
New: 10
Sold out: 5

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BSCVnew	+96,626	$1.59M
VPUadded	+10,396	$1.43M
ISHARESadded	+41,055	$1.02M
ISHARES TRnew	+43,620	$1.01M
BSCQadded	+24,118	$465K

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
INVESCOexited	-606,853	-$12.9M
ISHARESexited	-436,148	-$11.1M
MMMreduced	-23,978	-$2.62M
Dexited	-40,588	-$1.81M
DISreduced	-13,327	-$1.2M

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, Q4 2023

Share positions as resolved from 13F-HR 0001104659-24-012024, largest first. % of portfolio is the value over $557,084,402, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MSFTMICROSOFT CORP	73,729	$27.7M	4.98%	+554	Timeline
GOOGLALPHABET INC	126,080	$17.6M	3.16%	-1,413	Timeline
VGTVANGUARD WORLD FD	33,840	$16.4M	2.94%	+467	Timeline
AMZNAMAZON COM INC	106,138	$16.1M	2.89%	-684	Timeline
DDWMWISDOMTREE TR	476,871	$15.3M	2.75%	-2,503	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	39,407	$14.1M	2.52%	-432	Timeline
IJRISHARES TR	126,976	$13.7M	2.47%	-284	Timeline
CRMSALESFORCE INC	45,725	$12M	2.16%	-775	Timeline
BLACKROCK INCBLACKROCK INC	13,883	$11.3M	2.02%	-374
MDYSTATE STR SPDR S&P MIDCAP 40	22,152	$11.2M	2.02%	-530	Timeline
KLACKLA CORP	18,215	$10.6M	1.9%	-1,324	Timeline
IJHISHARES TR	36,702	$10.2M	1.83%	-134	Timeline
NOWSERVICENOW INC	13,991	$9.88M	1.77%	-344	Timeline
HEFAISHARES TR	276,663	$8.72M	1.56%	+3,457	Timeline
VFHVANGUARD WORLD FD	92,834	$8.56M	1.54%	+3,905	Timeline
MNSTMONSTER BEVERAGE CORP NEW	142,234	$8.19M	1.47%	-15,556	Timeline
AGGISHARES TR	82,397	$8.18M	1.47%	-1,451	Timeline
VCRVANGUARD WORLD FD	23,830	$7.26M	1.3%	+1,243	Timeline
VHTVANGUARD WORLD FD	27,347	$6.86M	1.23%	+1,597	Timeline
MRKMERCK & CO INC	61,640	$6.72M	1.21%	-151	Timeline
EMREMERSON ELEC CO	68,425	$6.66M	1.2%	-1,522	Timeline
GWREGUIDEWIRE SOFTWARE INC	60,835	$6.63M	1.19%	-1,504	Timeline
FTECFIDELITY COVINGTON TRUST	45,177	$6.49M	1.16%	-1,362	Timeline
SCHMSCHWAB STRATEGIC TR	84,515	$6.37M	1.14%	-1,643	Timeline
JPMJPMORGAN CHASE & CO	36,963	$6.29M	1.13%	-472	Timeline
VOXVANGUARD WORLD FD	53,380	$6.28M	1.13%	+2,122	Timeline
CMCSACOMCAST CORP NEW	143,280	$6.28M	1.13%	-5,074	Timeline
HDHOME DEPOT INC	17,646	$6.12M	1.1%	-391	Timeline
SCHXSCHWAB STRATEGIC TR	104,032	$5.87M	1.05%	-3,480	Timeline
AAPLAPPLE INC	29,308	$5.64M	1.01%	-679	Timeline
ADBEADOBE INC	9,235	$5.51M	0.99%	-342	Timeline
VISVANGUARD WORLD FD	24,402	$5.38M	0.97%	+908	Timeline
BIIBBIOGEN INC	20,298	$5.25M	0.94%	+920	Timeline
AMGNAMGEN INC	17,844	$5.14M	0.92%	-400	Timeline
INVESCOINVESCO	245,974	$5.14M	0.92%	+14,471
VEEVVEEVA SYS INC	25,530	$4.92M	0.88%	-250	Timeline
KVUEKENVUE INC	216,128	$4.65M	0.84%	-16,938	Timeline
VAWVANGUARD WORLD FD	24,232	$4.6M	0.83%	+1,106	Timeline
VVISA INC	17,586	$4.58M	0.82%	-1,907	Timeline
SCHASCHWAB STRATEGIC TR	94,118	$4.45M	0.8%	-1,397	Timeline
PGPROCTER & GAMBLE CO	30,293	$4.44M	0.8%	-1,410	Timeline
SBUXSTARBUCKS CORP	45,495	$4.37M	0.78%	-1,695	Timeline
INVESCOINVESCO	209,864	$4.29M	0.77%	+13,036
XLKSELECT SECTOR SPDR TR	20,684	$3.98M	0.71%	-1,057	Timeline
PEPPEPSICO INC	23,273	$3.95M	0.71%	-1,077	Timeline
DISDISNEY WALT CO	42,814	$3.87M	0.69%	-13,327	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	42,487	$3.83M	0.69%	-1,615	Timeline
SPTMSPDR SERIES TRUST	63,848	$3.73M	0.67%	+4,273	Timeline
FHLCFIDELITY COVINGTON TRUST	57,112	$3.69M	0.66%	-481	Timeline
HONHONEYWELL INTL INC	17,336	$3.64M	0.65%	-331	Timeline
USBUS BANCORP	82,186	$3.56M	0.64%	+1,162	Timeline
XOMEXXON MOBIL CORP	35,400	$3.54M	0.64%	+241	Timeline
MCDMCDONALDS CORP	11,116	$3.3M	0.59%	-164	Timeline
SUBISHARES TR	30,812	$3.25M	0.58%	-245	Timeline
RTXRTX CORPORATION	38,480	$3.24M	0.58%	+37	Timeline
IEMGISHARES INC	62,588	$3.17M	0.57%	+778	Timeline
BABINVESCO EXCH TRADED FD TR II	116,422	$3.13M	0.56%	+3,295	Timeline
GILDGILEAD SCIENCES INC	37,090	$3M	0.54%	-650	Timeline
LNGCHENIERE ENERGY INC	17,573	$3M	0.54%	-537	Timeline
LMTLOCKHEED MARTIN CORP	6,579	$2.98M	0.54%	-26	Timeline
GDGENERAL DYNAMICS CORP	11,210	$2.91M	0.52%	-256	Timeline
MDTMEDTRONIC PLC	34,204	$2.82M	0.51%	-687	Timeline
VDCVANGUARD WORLD FD	14,674	$2.8M	0.5%	+462	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	22,957	$2.79M	0.5%	-738	Timeline
LOWLOWES COS INC	12,465	$2.77M	0.5%	-195	Timeline
BSCQINVESCO EXCH TRD SLF IDX FD	143,486	$2.77M	0.5%	+24,118	Timeline
VPUVANGUARD WORLD FD	19,366	$2.65M	0.48%	+10,396	Timeline
FDISFIDELITY COVINGTON TRUST	32,878	$2.6M	0.47%	-392	Timeline
CTVACORTEVA INC	53,269	$2.55M	0.46%	-852	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	3,212	$2.52M	0.45%	-83
VTIVANGUARD INDEX FDS	10,327	$2.45M	0.44%	-119	Timeline
ACNACCENTURE PLC IRELAND	6,843	$2.4M	0.43%	-383	Timeline
BSCRINVESCO EXCH TRD SLF IDX FD	122,474	$2.38M	0.43%	+21,268	Timeline
IVVISHARES TR	4,804	$2.29M	0.41%	-288	Timeline
BSCTINVESCO EXCH TRD SLF IDX FD	121,610	$2.26M	0.4%	+17,323	Timeline
MCOMOODYS CORP	5,655	$2.21M	0.4%	-326	Timeline
BSCSINVESCO EXCH TRD SLF IDX FD	108,730	$2.21M	0.4%	+13,814	Timeline
BACBANK OF AMER CORP	63,559	$2.14M	0.38%	-3,435	Timeline
CNRGSPDR SERIES TRUST	29,554	$2.12M	0.38%	+632	Timeline
FNCLFIDELITY COVINGTON TRUST	38,671	$2.07M	0.37%	-638	Timeline
FIDUFIDELITY COVINGTON TRUST	33,350	$2.04M	0.37%	-941	Timeline
NKENIKE INC	18,022	$1.96M	0.35%	+2,028	Timeline
ISHARESISHARES	76,389	$1.9M	0.34%	+41,055
JNJJOHNSON & JOHNSON	12,140	$1.9M	0.34%	-185	Timeline
VWOVANGUARD INTL EQUITY INDEX F	44,659	$1.84M	0.33%	+1,073	Timeline
BMYBRISTOL-MYERS SQUIBB CO	35,085	$1.8M	0.32%	-1,260	Timeline
VLOVALERO ENERGY CORP	13,572	$1.76M	0.32%	-264	Timeline
FCOMFIDELITY COVINGTON TRUST	38,657	$1.72M	0.31%	-451	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	3,508	$1.67M	0.3%	-293	Timeline
EFXEQUIFAX INC	6,588	$1.63M	0.29%	+1,825	Timeline
AMATAPPLIED MATLS INC	9,940	$1.61M	0.29%	-555	Timeline
XHLFBONDBLOXX ETF TRUST	31,750	$1.59M	0.29%	+5,129	Timeline
BSCVINVESCO EXCH TRD SLF IDX FD	96,626	$1.59M	0.28%	new	Timeline
XLYSELECT SECTOR SPDR TR	8,256	$1.48M	0.26%	-100	Timeline
ECLECOLAB INC	7,061	$1.4M	0.25%	+35	Timeline
IHDGWISDOMTREE TR	33,321	$1.4M	0.25%	+4,453	Timeline
SPMBSPDR SERIES TRUST	62,912	$1.39M	0.25%	-1,035	Timeline
SCHZSCHWAB STRATEGIC TR	29,170	$1.36M	0.24%	-1,456	Timeline
LQDISHARES TR	11,927	$1.32M	0.24%	-710	Timeline
DPZDOMINOS PIZZA INC	3,158	$1.3M	0.23%	-82	Timeline
XLISELECT SECTOR SPDR TR	11,316	$1.29M	0.23%	-291	Timeline
UNPUNION PAC CORP	5,239	$1.29M	0.23%	-133	Timeline
CMSCMS ENERGY CORP	21,952	$1.27M	0.23%	-722	Timeline
SPGIS&P GLOBAL INC	2,876	$1.27M	0.23%	-69	Timeline
COSTCOSTCO WHOLESALE CORPORATION	1,860	$1.23M	0.22%	-145	Timeline
ETSYETSY INC	15,124	$1.23M	0.22%	-185	Timeline
ASMLASML HLDG NV	1,428	$1.08M	0.19%	-52	Timeline
ROPROPER TECHNOLOGIES INC	1,978	$1.08M	0.19%	-62	Timeline
QCRHQCR HLDGS INC	18,250	$1.07M	0.19%	0	Timeline
ISHARES TRISHARES TR	42,433	$1.05M	0.19%	0
WDAYWORKDAY INC	3,761	$1.04M	0.19%	+1,025	Timeline
KOCOCA COLA CO	17,555	$1.03M	0.19%	-1,392	Timeline
ISHARES TRISHARES TR	43,620	$1.01M	0.18%	new
MASMASCO CORP	14,993	$1M	0.18%	+3,080	Timeline
PFEPFIZER INC	34,548	$995K	0.18%	-36,129	Timeline
FSTAFIDELITY COVINGTON TRUST	22,217	$992K	0.18%	-798	Timeline
FMATFIDELITY COVINGTON TRUST	20,121	$981K	0.18%	-69	Timeline
LLYELI LILLY & CO	1,675	$976K	0.18%	+482	Timeline
XONEBONDBLOXX ETF TRUST	18,878	$940K	0.17%	+6,197	Timeline
CNICANADIAN NATL RY CO	7,285	$915K	0.16%	0	Timeline
VBVANGUARD INDEX FDS	4,283	$914K	0.16%	-218	Timeline
DDLSWISDOMTREE TR	26,607	$880K	0.16%	+3,558	Timeline
XSOEWISDOMTREE TR	29,774	$860K	0.15%	+1,667	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	6,641	$853K	0.15%	-120	Timeline
SCHBSCHWAB STRATEGIC TR	15,249	$849K	0.15%	+22	Timeline
GOOGALPHABET INC	5,921	$834K	0.15%	0	Timeline
LINLINDE PLC	2,014	$827K	0.15%	-30	Timeline
FTNTFORTINET INC	13,890	$813K	0.15%	0	Timeline
UNILEVER PLCUNILEVER PLC	16,022	$777K	0.14%	-510
CMECME GROUP INC	3,645	$768K	0.14%	-163	Timeline
INTCINTEL CORP	14,653	$736K	0.13%	-2,138	Timeline
NEENEXTERA ENERGY INC	11,851	$720K	0.13%	-124	Timeline
CLXCLOROX CO DEL	4,909	$700K	0.13%	-112	Timeline
STZCONSTELLATION BRANDS INC	2,757	$667K	0.12%	-168	Timeline
IBDRISHARES TR	27,357	$654K	0.12%	0	Timeline
CVXCHEVRON CORPORATION	4,270	$637K	0.11%	-28	Timeline
CMPCOMPASS MINERALS INTL INC	23,516	$595K	0.11%	-29,519	Timeline
KBESPDR SERIES TRUST	12,743	$586K	0.11%	-348	Timeline
MMM3M CO	4,370	$478K	0.09%	-23,978	Timeline
MUBISHARES TR	4,390	$476K	0.09%	-252	Timeline
IBDSISHARES TR	19,787	$473K	0.08%	0	Timeline
SPMDSPDR SERIES TRUST	9,380	$457K	0.08%	new	Timeline
XLFSELECT SECTOR SPDR TR	12,154	$457K	0.08%	-316	Timeline
EMXCISHARES INC	8,247	$457K	0.08%	-334	Timeline
DFACDIMENSIONAL ETF TRUST	15,372	$449K	0.08%	-2,880	Timeline
FUTYFIDELITY COVINGTON TRUST	10,991	$449K	0.08%	-9	Timeline
VTEBVANGUARD MUN BD FDS	8,795	$449K	0.08%	-540	Timeline
CMACOMERICA INC	7,968	$445K	0.08%	0	Timeline
ORCLORACLE CORP	4,176	$440K	0.08%	-145	Timeline
ICLNISHARES TR	27,424	$427K	0.08%	+4,809	Timeline
XLVSELECT SECTOR SPDR TR	3,125	$426K	0.08%	-187	Timeline
VEAVANGUARD TAX-MANAGED FDS	8,574	$411K	0.07%	new	Timeline
TERTERADYNE INC	3,736	$405K	0.07%	-100	Timeline
THE SHYFT GROUPTHE SHYFT GROUP	30,000	$367K	0.07%	0
XLBSELECT SECTOR SPDR TR	4,260	$364K	0.07%	-33	Timeline
BSCUINVESCO EXCH TRD SLF IDX FD	21,108	$351K	0.06%	new	Timeline
GEGE AEROSPACE	2,663	$340K	0.06%	0	Timeline
SHMSPDR SERIES TRUST	7,065	$338K	0.06%	0	Timeline
CATHGLOBAL X FDS	5,708	$331K	0.06%	0	Timeline
WMTWALMART INC	2,020	$319K	0.06%	+6	Timeline
SPSMSPDR SERIES TRUST	7,494	$316K	0.06%	new	Timeline
TAT&T INC	18,486	$310K	0.06%	+1,000	Timeline
TFISPDR SERIES TRUST	6,500	$306K	0.05%	0	Timeline
PRFINVESCO EXCHANGE TRADED FD T	8,580	$302K	0.05%	0	Timeline
PWBINVESCO EXCHANGE TRADED FD T	3,880	$301K	0.05%	0	Timeline
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	1,344	$296K	0.05%	-132
CATCATERPILLAR INC	984	$291K	0.05%	+60	Timeline
VZVERIZON COMMUNICATIONS INC	7,704	$290K	0.05%	+1,118	Timeline
SCHOSCHWAB STRATEGIC TR	5,701	$276K	0.05%	+1	Timeline
DGREWISDOMTREE TR	10,364	$255K	0.05%	new	Timeline
IBDTISHARES TR	9,898	$248K	0.04%	-595	Timeline
FNDASCHWAB STRATEGIC TR	4,306	$238K	0.04%	-251	Timeline
DGSWISDOMTREE TR	4,584	$229K	0.04%	new	Timeline
VOOVANGUARD INDEX FDS	518	$226K	0.04%	0	Timeline
SIRIUS XM HOLDINGS INCSIRIUS XM HOLDINGS INC	40,305	$220K	0.04%	0
SYKSTRYKER CORPORATION	734	$220K	0.04%	-150	Timeline
IEFISHARES TR	2,277	$219K	0.04%	+13	Timeline
SOSOUTHERN CO	3,034	$213K	0.04%	new	Timeline
BABOEING CO	795	$207K	0.04%	new	Timeline
XLPSELECT SECTOR SPDR TR	2,808	$202K	0.04%	-281	Timeline
FFORD MTR CO	13,879	$169K	0.03%	+242	Timeline

Sold out in Q4 2023

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

Security	Shares before	Value before	Type
INVESCOINVESCO	606,853	$12.9M	shares
ISHARESISHARES	436,148	$11.1M	shares
DDOMINION ENERGY INC	40,588	$1.81M	shares
ISHARES TR IBONDS DEC2023ISHARES TR IBONDS DEC2023	43,921	$1.12M	shares
SCHGSCHWAB STRATEGIC TR	2,960	$215K	shares

How Q4 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 0001104659-24-012024	base		2024-02-08	acceptance time not in the bulk data set	2026-10-07 18:29:43 UTC