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Livermore
Livermore
ZHEN

Exchange Bank

SEC CIK
0002001155
Latest filing
Jul 8, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Jul 9, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
120
+7 vs. Q1 2025
Portfolio value
$126.4M
+$2.38M (+1.9%) vs. Q1 2025
Filed
Jul 9, 2025
SEC
Holdings of Exchange Bank in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock26,811$5.50M4.4%−776−2.8%ReducedHistory
iShares Tr464288414NATIONAL MUN ETF51,375$5.37M4.2%−10,861−17.5%Reduced–
MSFTMicrosoft CorpStock9,349$4.65M3.7%−198−2.1%ReducedHistory
JNJJohnson & JohnsonStock25,232$3.85M3.1%−147−0.6%ReducedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF12,657$3.85M3.0%−160−1.2%Reduced–
PGProcter & Gamble CoStock22,712$3.62M2.9%−12−0.1%ReducedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF34,273$3.40M2.7%−5,078−12.9%Reduced–
CVXChevron CorpStock22,837$3.27M2.6%−122−0.5%ReducedHistory
JPMJPMorgan Chase & CoStock10,992$3.19M2.5%−254−2.3%ReducedHistory
Vanguard Total Bond Market ETF921937835ETF43,229$3.18M2.5%−2,789−6.1%Reduced–
WMTWalmart Inc.Stock31,071$3.04M2.4%−5,211−14.4%ReducedHistory
CATCaterpillar IncStock7,575$2.94M2.3%00.0%UnchangedHistory
XOMExxonMobil Holdings CorpCOM24,992$2.69M2.1%−132−0.5%ReducedHistory
IBMInternational Business Machines CorpStock7,826$2.31M1.8%−28−0.4%ReducedHistory
UNPUnion Pacific CorpStock9,637$2.22M1.8%−83−0.9%ReducedHistory
BRK.ABerkshire Hathaway IncCL A3$2.19M1.7%00.0%UnchangedHistory
KOCoca Cola CoStock30,473$2.16M1.7%00.0%UnchangedHistory
PMPhilip Morris International Inc.Stock11,318$2.06M1.6%−46−0.4%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF32,358$2.01M1.6%−83−0.3%Reduced–
NVDANVIDIA CorpStock12,164$1.92M1.5%−261−2.1%ReducedHistory
Schwab U.S. Broad Market ETF808524102ETF77,350$1.84M1.5%−500−0.6%Reduced–
ADPAutomatic Data Processing IncStock5,810$1.79M1.4%00.0%UnchangedHistory
SPYSPDR S&P 500 ETF TrustETF2,887$1.78M1.4%−28−1.0%ReducedHistory
GOOGLAlphabet Inc.Stock9,028$1.59M1.3%+39+0.4%AddedHistory
NSCNorfolk Southern CorpStock5,556$1.42M1.1%−100−1.8%ReducedHistory
TXNTexas Instruments IncStock6,779$1.41M1.1%−320−4.5%ReducedHistory
BMYBristol Myers Squibb CoStock29,625$1.37M1.1%−250−0.8%ReducedHistory
MRSHMarsh & McLennan Companies, Inc.Stock6,164$1.35M1.1%−75−1.2%ReducedHistory
AMZNAmazon Com IncStock6,095$1.34M1.1%+4+0.1%AddedHistory
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD16,240$1.29M1.0%−642−3.8%Reduced–
MRKMerck & Co., Inc.Stock14,791$1.17M0.9%−242−1.6%ReducedHistory
iShares Tr464288646ISHS 1-5YR INVS22,163$1.17M0.9%00.0%Unchanged–
GOOGAlphabet Inc.Stock6,546$1.16M0.9%−311−4.5%ReducedHistory
iShares Tr46435G672CORE INTL AGGR22,592$1.15M0.9%−529−2.3%Reduced–
ORCLOracle CorpStock5,176$1.13M0.9%−58−1.1%ReducedHistory
iShares Tr464288158SHRT NAT MUN ETF10,435$1.11M0.9%+1,780+20.6%Added–
TGTTarget CorpStock10,626$1.05M0.8%00.0%UnchangedHistory
NEENextera Energy IncStock13,705$951.4K0.8%−25−0.2%ReducedHistory
HDHome Depot, Inc.Stock2,517$922.8K0.7%−28−1.1%ReducedHistory
LLYEli Lilly & CoStock1,173$914.4K0.7%−48−3.9%ReducedHistory
AXPAmerican Express CoStock2,819$899.2K0.7%−170−5.7%ReducedHistory
HONHoneywell International IncCOM3,658$851.9K0.7%+5+0.1%AddedHistory
MOAltria Group, Inc.Stock14,317$839.4K0.7%−116−0.8%ReducedHistory
GLGlobe Life Inc.COM6,750$839.0K0.7%00.0%UnchangedHistory
Vanguard Ftse Developed Markets ETF921943858ETF14,586$831.5K0.7%−23−0.2%Reduced–
BRK.BBerkshire Hathaway IncStock1,702$826.8K0.7%−5−0.3%ReducedHistory
COSTCostco Wholesale CorpStock824$815.7K0.6%+5+0.6%AddedHistory
GEGeneral Electric CoStock3,032$780.4K0.6%00.0%UnchangedHistory
iShares Tr46435G474FALN ANGLS USD28,247$766.6K0.6%00.0%Unchanged–
MDLZMondelez International, Inc.Stock11,144$751.6K0.6%00.0%UnchangedHistory
iShares MSCI Eafe ETF464287465ETF8,207$733.6K0.6%−729−8.2%Reduced–
BNYBank of New York Mellon CorpStock7,555$688.3K0.5%00.0%UnchangedHistory
American Centy ETF Tr025072802INTL SMCP VLU8,629$684.1K0.5%00.0%Unchanged–
PEPPepsiCo IncStock5,179$683.8K0.5%−191−3.6%ReducedHistory
MAMastercard IncStock1,194$671.0K0.5%−8−0.7%ReducedHistory
MCDMcDonalds CorpStock2,221$648.9K0.5%−338−13.2%ReducedHistory
iShares Russell 2000 ETF464287655ETF2,993$645.9K0.5%00.0%Unchanged–
METAMeta Platforms, Inc.Stock871$642.9K0.5%−30−3.3%ReducedHistory
HBANHuntington Bancshares IncCOM38,024$637.3K0.5%00.0%UnchangedHistory
SPDR Series Trust78468R606ST PORT HIGH ETF26,369$627.6K0.5%−677−2.5%Reduced–
FDXFedEx CorpStock2,703$614.4K0.5%00.0%UnchangedHistory
Vanguard Morningstar Small-Cap Value ETF922908611ETF3,127$609.8K0.5%−28−0.9%Reduced–
iShares Core S&P Small Cap ETF464287804ETF5,558$607.4K0.5%−34−0.6%Reduced–
CSCOCisco Systems, Inc.Stock8,528$591.7K0.5%+116+1.4%AddedHistory
iShares MSCI USA Min Vol Factor ETF46429B697ETF6,300$591.4K0.5%−100−1.6%Reduced–
AVGOBroadcom Inc.Stock2,119$584.1K0.5%+60+2.9%AddedHistory
iShares Core S&P 500 ETF464287200ETF892$553.8K0.4%+57+6.8%Added–
IAUiShares Gold TrustETF8,785$547.8K0.4%+1,892+27.4%AddedHistory
Vanguard S&P 500 ETF922908363ETF964$547.6K0.4%00.0%Unchanged–
BRBroadridge Financial Solutions, Inc.Stock2,250$546.8K0.4%00.0%UnchangedHistory
VVisa Inc.Stock1,528$542.5K0.4%−79−4.9%ReducedHistory
iShares Tr46435G243ESG AWRE 1 5 YR21,166$532.7K0.4%+329+1.6%Added–
LOWLowes Companies IncStock2,338$518.7K0.4%+13+0.6%AddedHistory
MMM3M CoStock3,363$512.0K0.4%−47−1.4%ReducedHistory
PFEPfizer IncStock20,905$506.7K0.4%−3,014−12.6%ReducedHistory
BLKBlackRock, Inc.Stock476$499.4K0.4%−10−2.1%ReducedHistory
BDXBecton Dickinson & CoStock2,837$488.7K0.4%−3−0.1%ReducedHistory
EMREmerson Electric CoStock3,385$451.3K0.4%−38−1.1%ReducedHistory
DISWalt Disney CoStock3,582$444.2K0.4%+41+1.2%AddedHistory
ITWIllinois Tool Works IncStock1,769$437.4K0.3%00.0%UnchangedHistory
AAgilent Technologies, Inc.COM3,504$413.5K0.3%−50−1.4%ReducedHistory
NFLXNetflix IncStock308$412.5K0.3%00.0%UnchangedHistory
iShares Tr464288638ISHS 5-10YR INVT7,672$408.8K0.3%00.0%Unchanged–
iShares MSCI USA Quality Factor ETF46432F339ETF2,231$407.9K0.3%00.0%Unchanged–
Vanguard Ftse Emerging Markets ETF922042858ETF8,133$402.3K0.3%+57+0.7%Added–
BKNGBooking Holdings Inc.Stock69$399.5K0.3%00.0%UnchangedHistory
ADBEAdobe Inc.Stock1,029$398.1K0.3%00.0%UnchangedHistory
GEVGE Vernova Inc.Stock733$387.9K0.3%00.0%UnchangedHistory
Vanguard Real Estate ETF922908553ETF4,300$383.0K0.3%−587−12.0%Reduced–
ABBVAbbVie Inc.Stock1,976$366.8K0.3%00.0%UnchangedHistory
DUKDuke Energy CORPStock3,045$359.3K0.3%00.0%UnchangedHistory
Vanguard High Dividend Yield Index ETF921946406ETF2,577$343.5K0.3%−32−1.2%Reduced–
RTXRTX CorpStock2,320$338.8K0.3%−73−3.1%ReducedHistory
TAT&T Inc.Stock10,797$312.5K0.2%−179−1.6%ReducedHistory
DDDuPont de Nemours, Inc.COM4,330$297.0K0.2%00.0%UnchangedHistory
NOCNorthrop Grumman CorpStock593$296.5K0.2%00.0%UnchangedHistory
Global X FDS37954Y673US INFR DEV ETF6,651$289.9K0.2%00.0%Unchanged–
AONAon plcCL A805$287.2K0.2%−24−2.9%ReducedHistory
CSXCSX CorpStock7,933$258.9K0.2%00.0%UnchangedHistory
MDTMedtronic plcStock2,892$252.1K0.2%+10+0.3%AddedHistory

Sold out since Q1 2025 (1)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Exchange Bank sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
PAYXPaychex IncStock1,523$235.0K0.2%History