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ECM
Exchange Capital Management Portfolio holdings
AUM
$670M
1-Year Est. Return
14.6%
This Fund
S&P 500
This Quarter
Est. Return
+11.54%
1 Year Est. Return
+14.6%
3 Year Est. Return
+57.79%
5 Year Est. Return
+93.67%
10 Year Est. Return
+232.74%
AUM
$557M
AUM Growth
+$27.2M
(+5.1%)
Cap. Flow
-$27.3M
Cap. Flow
% of AUM
-4.9%
Top 10 Holdings %
Top 10 Hldgs %
27.92%
Holding
186
New
10
Increased
47
Reduced
107
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco BulletShares 2031 Corporate Bond ETF
BSCV
|
+$1.5M |
| 2 |
VPU
Vanguard Utilities ETF
VPU
|
+$1.37M |
| 3 |
IBDP
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
|
+$1.02M |
| 4 |
IBHD
iShares iBonds 2024 Term High Yield and Income ETF
IBHD
|
+$1.01M |
| 5 |
Invesco BulletShares 2026 Corporate Bond ETF
BSCQ
|
+$457K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BSCN
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
|
+$12.9M |
| 2 |
IBDO
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
|
+$11.1M |
| 3 |
3M
MMM
|
+$2.3M |
| 4 |
Dominion Energy
D
|
+$1.81M |
| 5 |
Walt Disney
DIS
|
+$1.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.92% |
| 2 | Financials | 8.71% |
| 3 | Consumer Discretionary | 6.7% |
| 4 | Healthcare | 6.56% |
| 5 | Communication Services | 5.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $27.7M | 4.98% |
73,729
+554
| +0.8% | +$197K |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $17.6M | 3.16% |
126,080
-1,413
| -1% | -$190K |
|
3
Vanguard Information Technology ETF
VGT
$140B
| $16.4M | 2.94% |
270,720
+3,736
| +1% | +$208K |
|
4
Amazon
AMZN
$2.51T
| $16.1M | 2.89% |
106,138
-684
| -0.6% | -$95.9K |
|
5
WisdomTree Dynamic International Equity Fund
DDWM
$1.45B
| $15.3M | 2.75% |
476,871
-2,503
| -0.5% | -$77.1K |
|
6
Berkshire Hathaway Class B
BRK.B
$1.06T
| $14.1M | 2.52% |
39,407
-432
| -1% | -$152K |
|
7
iShares Core S&P Small-Cap ETF
IJR
$109B
| $13.7M | 2.47% |
126,976
-284
| -0.2% | -$27.4K |
|
8
Salesforce
CRM
$129B
| $12M | 2.16% |
45,725
-775
| -2% | -$175K |
|
9
Blackrock
BLK
$161B
| $11.3M | 2.02% |
13,883
-374
| -3% | -$261K |
|
10
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $11.2M | 2.02% |
22,152
-530
| -2% | -$246K |
|
11
KLA
KLAC
$286B
| $10.6M | 1.9% |
182,150
-13,240
| -7% | -$689K |
|
12
iShares Core S&P Mid-Cap ETF
IJH
$122B
| $10.2M | 1.83% |
183,510
-670
| -0.4% | -$34K |
|
13
ServiceNow
NOW
$95.1B
| $9.88M | 1.77% |
69,955
-1,720
| -2% | -$217K |
|
14
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.41B
| $8.72M | 1.56% |
276,663
+3,457
| +1% | +$105K |
|
15
Vanguard Financials ETF
VFH
$13.2B
| $8.56M | 1.54% |
92,834
+3,905
| +4% | +$328K |
|
16
Monster Beverage
MNST
$91.5B
| $8.19M | 1.47% |
142,234
-15,556
| -10% | -$831K |
|
17
iShares Core US Aggregate Bond ETF
AGG
$137B
| $8.18M | 1.47% |
82,397
-1,451
| -2% | -$138K |
|
18
Vanguard Consumer Discretionary ETF
VCR
$5.81B
| $7.26M | 1.3% |
23,830
+1,243
| +6% | +$346K |
|
19
Vanguard Health Care ETF
VHT
$18.1B
| $6.86M | 1.23% |
27,347
+1,597
| +6% | +$378K |
|
20
Merck
MRK
$322B
| $6.72M | 1.21% |
61,640
-151
| -0.2% | -$15.7K |
|
21
Emerson Electric
EMR
$81.2B
| $6.66M | 1.2% |
68,425
-1,522
| -2% | -$139K |
|
22
Guidewire Software
GWRE
$10.9B
| $6.63M | 1.19% |
60,835
-1,504
| -2% | -$144K |
|
23
Fidelity MSCI Information Technology Index ETF
FTEC
$20.1B
| $6.49M | 1.16% |
45,177
-1,362
| -3% | -$180K |
|
24
Schwab US Mid-Cap ETF
SCHM
$14.7B
| $6.37M | 1.14% |
253,545
-4,929
| -2% | -$113K |
|
25
JPMorgan Chase
JPM
$930B
| $6.29M | 1.13% |
36,963
-472
| -1% | -$71.5K |
|
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Exchange Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Exchange Capital Management held 186 positions worth $557M, up 5.1% from $530M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Exchange Capital Management withdrew a net $27.3M in Q4 2023, closing 5 positions and reducing 107 holdings. Its most notable exit was Invesco BulletShares 2023 Corporate Bond ETF, an estimated $12.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Exchange Capital Management opened a new position in Invesco BulletShares 2031 Corporate Bond ETF worth $1.59M.
- Exchange Capital Management's largest Q4 2023 buy was Invesco BulletShares 2031 Corporate Bond ETF: 96,626 shares worth $1.59M.
- Exchange Capital Management added most to Vanguard Utilities ETF in Q4 2023, an estimated $1.37M increase.
- Exchange Capital Management's biggest Q4 2023 reduction was 3M, cutting an estimated $2.3M.
- Exchange Capital Management fully exited Invesco BulletShares 2023 Corporate Bond ETF in Q4 2023, selling an estimated $12.9M.
- Exchange Capital Management's ten largest holdings make up 28% of its $557M portfolio in Q4 2023.
- Exchange Capital Management opened 10 new positions and closed 5 in Q4 2023.
- Exchange Capital Management's portfolio value rose 5.1% quarter-over-quarter to $557M.
Based on Exchange Capital Management's 13F filing for Q4 2023, filed 8 Feb 2024.