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Livermore
Livermore
ZHEN

Exchange Bank

SEC CIK
0002001155
Latest filing
Jul 8, 2026

Holdings in Q4 2024

Holdings as of Dec 31, 2024, filed Jan 17, 2025. Long positions only; changes compare share counts with Q3 2024.

Institution overview
Positions
112
−2 vs. Q3 2024
Portfolio value
$124.4M
+$2.10M (+1.7%) vs. Q3 2024
Filed
Jan 17, 2025
SEC
Holdings of Exchange Bank in Q4 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock28,401$7.11M5.7%−240−0.8%ReducedHistory
iShares Tr464288414NATIONAL MUN ETF58,617$6.25M5.0%+22,930+64.3%Added–
MSFTMicrosoft CorpStock9,676$4.08M3.3%+169+1.8%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF40,252$3.90M3.1%+4,143+11.5%Added–
Vanguard Morningstar Total Stock Market ETF922908769ETF13,206$3.83M3.1%+40.0%Added–
PGProcter & Gamble CoStock22,671$3.80M3.1%−187−0.8%ReducedHistory
JNJJohnson & JohnsonStock25,750$3.72M3.0%−56−0.2%ReducedHistory
Vanguard Total Bond Market ETF921937835ETF47,621$3.42M2.8%+557+1.2%Added–
CVXChevron CorpStock23,559$3.41M2.7%−191−0.8%ReducedHistory
WMTWalmart Inc.Stock36,440$3.29M2.6%+63+0.2%AddedHistory
XOMExxonMobil Holdings CorpCOM25,809$2.78M2.2%+40+0.2%AddedHistory
CATCaterpillar IncStock7,575$2.75M2.2%−30.0%ReducedHistory
JPMJPMorgan Chase & CoStock11,170$2.68M2.2%+21+0.2%AddedHistory
UNPUnion Pacific CorpStock9,827$2.24M1.8%−22−0.2%ReducedHistory
BRK.ABerkshire Hathaway IncCL A3$2.04M1.6%00.0%UnchangedHistory
iShares Core S&P Mid-Cap ETF464287507ETF32,541$2.03M1.6%+549+1.7%Added–
KOCoca Cola CoStock30,847$1.92M1.5%00.0%UnchangedHistory
Schwab U.S. Broad Market ETF808524102ETF77,850$1.77M1.4%00.0%UnchangedConverted for a 3-for-1 split–
IBMInternational Business Machines CorpStock7,898$1.74M1.4%+171+2.2%AddedHistory
SPYSPDR S&P 500 ETF TrustETF2,921$1.71M1.4%−20−0.7%ReducedHistory
GOOGLAlphabet Inc.Stock8,986$1.70M1.4%+113+1.3%AddedHistory
NVDANVIDIA CorpStock12,663$1.70M1.4%−29−0.2%ReducedHistory
BMYBristol Myers Squibb CoStock29,875$1.69M1.4%+30+0.1%AddedHistory
ADPAutomatic Data Processing IncStock5,734$1.68M1.3%00.0%UnchangedHistory
MRKMerck & Co., Inc.Stock15,601$1.55M1.2%−200−1.3%ReducedHistory
TGTTarget CorpStock10,678$1.44M1.2%−20.0%ReducedHistory
PMPhilip Morris International Inc.Stock11,830$1.42M1.1%+318+2.8%AddedHistory
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD17,550$1.37M1.1%+290+1.7%Added–
NSCNorfolk Southern CorpStock5,806$1.36M1.1%−100−1.7%ReducedHistory
GOOGAlphabet Inc.Stock7,130$1.36M1.1%−35−0.5%ReducedHistory
TXNTexas Instruments IncStock7,119$1.33M1.1%+68+1.0%AddedHistory
MRSHMarsh & McLennan Companies, Inc.Stock6,239$1.33M1.1%00.0%UnchangedHistory
AMZNAmazon Com IncStock6,019$1.32M1.1%−22−0.4%ReducedHistory
iShares Tr46435G672CORE INTL AGGR23,907$1.19M1.0%+222+0.9%Added–
iShares Tr464288646ISHS 1-5YR INVS22,163$1.15M0.9%00.0%Unchanged–
NEENextera Energy IncStock13,674$980.3K0.8%+50.0%AddedHistory
HDHome Depot, Inc.Stock2,498$971.7K0.8%+13+0.5%AddedHistory
LLYEli Lilly & CoStock1,211$934.9K0.8%+222+22.4%AddedHistory
AXPAmerican Express CoStock3,076$912.9K0.7%+41+1.4%AddedHistory
iShares Tr464288158SHRT NAT MUN ETF8,276$873.0K0.7%+5,311+179.1%Added–
ORCLOracle CorpStock5,190$864.9K0.7%00.0%UnchangedHistory
HONHoneywell International IncCOM3,667$828.3K0.7%−39−1.1%ReducedHistory
PEPPepsiCo IncStock5,374$817.2K0.7%−481−8.2%ReducedHistory
BRK.BBerkshire Hathaway IncStock1,689$765.6K0.6%−11−0.6%ReducedHistory
FDXFedEx CorpStock2,705$761.0K0.6%00.0%UnchangedHistory
MOAltria Group, Inc.Stock14,518$759.1K0.6%+500+3.6%AddedHistory
iShares Tr46435G474FALN ANGLS USD28,247$754.5K0.6%00.0%Unchanged–
COSTCostco Wholesale CorpStock822$753.2K0.6%+5+0.6%AddedHistory
GLGlobe Life Inc.COM6,750$752.8K0.6%00.0%UnchangedHistory
MCDMcDonalds CorpStock2,536$735.2K0.6%−446−15.0%ReducedHistory
Vanguard Ftse Developed Markets ETF921943858ETF15,156$724.8K0.6%+243+1.6%Added–
iShares MSCI Eafe ETF464287465ETF8,936$675.7K0.5%+1,079+13.7%Added–
MDLZMondelez International, Inc.Stock11,237$671.2K0.5%+590+5.5%AddedHistory
SPDR Series Trust78468R606ST PORT HIGH ETF28,380$666.1K0.5%+4,420+18.4%Added–
iShares Russell 2000 ETF464287655ETF2,993$661.3K0.5%+22+0.7%Added–
MAMastercard IncStock1,239$652.4K0.5%+39+3.3%AddedHistory
Vanguard Morningstar Small-Cap Value ETF922908611ETF3,257$645.5K0.5%+2+0.1%Added–
BDXBecton Dickinson & CoStock2,840$644.3K0.5%00.0%UnchangedHistory
PFEPfizer IncStock24,107$639.6K0.5%+214+0.9%AddedHistory
iShares Core S&P Small Cap ETF464287804ETF5,377$619.5K0.5%+180+3.5%Added–
HBANHuntington Bancshares IncCOM38,024$618.6K0.5%00.0%UnchangedHistory
BNYBank of New York Mellon CorpStock7,655$588.1K0.5%−30.0%ReducedHistory
iShares MSCI USA Min Vol Factor ETF46429B697ETF6,600$586.0K0.5%−200−2.9%Reduced–
LOWLowes Companies IncStock2,281$563.0K0.5%−18−0.8%ReducedHistory
Vanguard S&P 500 ETF922908363ETF988$532.3K0.4%+230+30.3%Added–
METAMeta Platforms, Inc.Stock901$527.5K0.4%00.0%UnchangedHistory
CSCOCisco Systems, Inc.Stock8,618$510.2K0.4%−2,621−23.3%ReducedHistory
BRBroadridge Financial Solutions, Inc.Stock2,250$508.7K0.4%00.0%UnchangedHistory
GEGeneral Electric CoStock3,032$505.7K0.4%+138+4.8%AddedHistory
VVisa Inc.Stock1,588$501.9K0.4%−16−1.0%ReducedHistory
AAgilent Technologies, Inc.COM3,720$499.7K0.4%−116−3.0%ReducedHistory
iShares Core S&P 500 ETF464287200ETF833$490.4K0.4%+333+66.6%Added–
BLKBlackRock, Inc.Stock468$479.8K0.4%−5−1.1%ReducedHistory
AVGOBroadcom Inc.Stock2,059$477.4K0.4%+19+0.9%AddedHistory
Vanguard Real Estate ETF922908553ETF5,204$463.6K0.4%−622−10.7%Reduced–
iShares Tr46435G243ESG AWRE 1 5 YR18,333$452.8K0.4%00.0%Unchanged–
ITWIllinois Tool Works IncStock1,782$451.8K0.4%−1−0.1%ReducedHistory
MMM3M CoStock3,410$440.2K0.4%+250+7.9%AddedHistory
EMREmerson Electric CoStock3,479$431.2K0.3%+3+0.1%AddedHistory
ADBEAdobe Inc.Stock969$430.9K0.3%+5+0.5%AddedHistory
UNHUnitedHealth Group IncStock837$423.4K0.3%+12+1.5%AddedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF2,332$415.3K0.3%+148+6.8%Added–
DISWalt Disney CoStock3,586$399.3K0.3%+81+2.3%AddedHistory
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF3,722$397.7K0.3%00.0%Unchanged–
Vanguard Ftse Emerging Markets ETF922042858ETF8,358$368.1K0.3%+143+1.7%Added–
Vanguard High Dividend Yield Index ETF921946406ETF2,745$350.2K0.3%−50−1.8%Reduced–
ABBVAbbVie Inc.Stock1,939$344.6K0.3%00.0%UnchangedHistory
BKNGBooking Holdings Inc.Stock69$342.8K0.3%00.0%UnchangedHistory
DDDuPont de Nemours, Inc.COM4,330$330.2K0.3%−73−1.7%ReducedHistory
DUKDuke Energy CORPStock3,045$328.1K0.3%00.0%UnchangedHistory
IAUiShares Gold TrustETF6,170$305.5K0.2%+6,170NewHistory
AONAon plcCL A833$299.2K0.2%+1+0.1%AddedHistory
NOCNorthrop Grumman CorpStock593$278.3K0.2%−3−0.5%ReducedHistory
RTXRTX CorpStock2,343$271.1K0.2%−78−3.2%ReducedHistory
NFLXNetflix IncStock293$261.2K0.2%00.0%UnchangedHistory
TAT&T Inc.Stock11,419$260.0K0.2%00.0%UnchangedHistory
ACNAccenture plcStock736$258.9K0.2%−1−0.1%ReducedHistory
CSXCSX CorpStock7,933$256.0K0.2%00.0%UnchangedHistory
CRMSalesforce, Inc.Stock764$255.4K0.2%00.0%UnchangedHistory
UPSUnited Parcel Service IncStock2,009$253.3K0.2%00.0%UnchangedHistory

Sold out since Q3 2024 (5)

Positions held at the end of Q3 2024 that are gone from this filing.

Positions of Exchange Bank sold out since Q3 2024
SecurityClassShares in Q3 2024Value in Q3 2024% of portfolio in Q3 2024History
TRVTravelers Companies, Inc.Stock1,223$286.3K0.2%History
MCHPMicrochip Technology IncStock3,432$275.6K0.2%History
DOWDow Inc.Stock4,627$252.8K0.2%History
AMATApplied Materials IncStock1,180$238.4K0.2%History
LINLinde PLCStock470$224.1K0.2%History