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Livermore
Livermore
ZHEN

Exchange Bank

SEC CIK
0002001155
Latest filing
Jul 8, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Oct 31, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
124
+4 vs. Q2 2025
Portfolio value
$144.1M
+$17.7M (+14.0%) vs. Q2 2025
Filed
Oct 31, 2025
SEC
Holdings of Exchange Bank in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock28,292$7.20M5.0%+1,481+5.5%AddedHistory
JNJJohnson & JohnsonStock29,855$5.54M3.8%+4,623+18.3%AddedHistory
iShares Tr464288414NATIONAL MUN ETF51,375$5.47M3.8%00.0%Unchanged–
MSFTMicrosoft CorpStock10,028$5.19M3.6%+679+7.3%AddedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF12,665$4.16M2.9%+8+0.1%Added–
CATCaterpillar IncStock8,238$3.93M2.7%+663+8.8%AddedHistory
PGProcter & Gamble CoStock24,143$3.71M2.6%+1,431+6.3%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF37,000$3.71M2.6%+2,727+8.0%Added–
JPMJPMorgan Chase & CoStock11,685$3.69M2.6%+693+6.3%AddedHistory
CVXChevron CorpStock22,879$3.55M2.5%+42+0.2%AddedHistory
Vanguard Total Bond Market ETF921937835ETF47,764$3.55M2.5%+4,535+10.5%Added–
IBMInternational Business Machines CorpStock11,726$3.31M2.3%+3,900+49.8%AddedHistory
WMTWalmart Inc.Stock30,767$3.17M2.2%−304−1.0%ReducedHistory
XOMExxonMobil Holdings CorpCOM25,551$2.88M2.0%+559+2.2%AddedHistory
NVDANVIDIA CorpStock15,269$2.85M2.0%+3,105+25.5%AddedHistory
GOOGLAlphabet Inc.Stock9,728$2.36M1.6%+700+7.8%AddedHistory
UNPUnion Pacific CorpStock9,931$2.35M1.6%+294+3.1%AddedHistory
BRK.ABerkshire Hathaway IncCL A3$2.26M1.6%00.0%UnchangedHistory
iShares Core S&P Mid-Cap ETF464287507ETF32,665$2.13M1.5%+307+0.9%Added–
KOCoca Cola CoStock30,430$2.02M1.4%−43−0.1%ReducedHistory
Schwab U.S. Broad Market ETF808524102ETF77,350$1.99M1.4%00.0%Unchanged–
SPYSPDR S&P 500 ETF TrustETF2,887$1.92M1.3%00.0%UnchangedHistory
PMPhilip Morris International Inc.Stock11,127$1.80M1.3%−191−1.7%ReducedHistory
ORCLOracle CorpStock6,387$1.80M1.2%+1,211+23.4%AddedHistory
AMZNAmazon Com IncStock8,165$1.79M1.2%+2,070+34.0%AddedHistory
ADPAutomatic Data Processing IncStock5,810$1.71M1.2%00.0%UnchangedHistory
NSCNorfolk Southern CorpStock5,456$1.64M1.1%−100−1.8%ReducedHistory
GOOGAlphabet Inc.Stock6,503$1.58M1.1%−43−0.7%ReducedHistory
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD16,853$1.35M0.9%+613+3.8%Added–
BMYBristol Myers Squibb CoStock29,306$1.32M0.9%−319−1.1%ReducedHistory
iShares Tr46435G672CORE INTL AGGR25,043$1.28M0.9%+2,451+10.8%Added–
TXNTexas Instruments IncStock6,779$1.25M0.9%00.0%UnchangedHistory
MRSHMarsh & McLennan Companies, Inc.Stock6,164$1.24M0.9%00.0%UnchangedHistory
MRKMerck & Co., Inc.Stock14,519$1.22M0.8%−272−1.8%ReducedHistory
GEGeneral Electric CoStock4,019$1.21M0.8%+987+32.6%AddedHistory
HDHome Depot, Inc.Stock2,943$1.19M0.8%+426+16.9%AddedHistory
iShares Tr464288646ISHS 1-5YR INVS22,163$1.18M0.8%00.0%Unchanged–
iShares Tr464288158SHRT NAT MUN ETF10,435$1.11M0.8%00.0%Unchanged–
AVGOBroadcom Inc.Stock3,264$1.08M0.7%+1,145+54.0%AddedHistory
NEENextera Energy IncStock13,706$1.03M0.7%+10.0%AddedHistory
METAMeta Platforms, Inc.Stock1,329$976.0K0.7%+458+52.6%AddedHistory
GLGlobe Life Inc.COM6,750$965.0K0.7%00.0%UnchangedHistory
TGTTarget CorpStock10,444$936.8K0.7%−182−1.7%ReducedHistory
LLYEli Lilly & CoStock1,214$926.3K0.6%+41+3.5%AddedHistory
MOAltria Group, Inc.Stock13,690$904.4K0.6%−627−4.4%ReducedHistory
AXPAmerican Express CoStock2,679$889.9K0.6%−140−5.0%ReducedHistory
BRK.BBerkshire Hathaway IncStock1,752$880.8K0.6%+50+2.9%AddedHistory
Vanguard Ftse Developed Markets ETF921943858ETF14,681$879.7K0.6%+95+0.7%Added–
BNYBank of New York Mellon CorpStock7,555$823.2K0.6%00.0%UnchangedHistory
MCDMcDonalds CorpStock2,611$793.5K0.6%+390+17.6%AddedHistory
VVisa Inc.Stock2,311$788.9K0.5%+783+51.2%AddedHistory
HONHoneywell International IncCOM3,724$783.9K0.5%+66+1.8%AddedHistory
American Centy ETF Tr025072802INTL SMCP VLU8,629$768.2K0.5%00.0%Unchanged–
iShares MSCI Eafe ETF464287465ETF8,207$766.3K0.5%00.0%Unchanged–
COSTCostco Wholesale CorpStock820$759.0K0.5%−4−0.5%ReducedHistory
iShares Tr46435G474FALN ANGLS USD26,390$733.1K0.5%−1,857−6.6%Reduced–
iShares Russell 2000 ETF464287655ETF2,993$724.2K0.5%00.0%Unchanged–
iShares Core S&P 500 ETF464287200ETF1,079$722.2K0.5%+187+21.0%Added–
FDXFedEx CorpStock2,953$696.3K0.5%+250+9.2%AddedHistory
MDLZMondelez International, Inc.Stock11,144$696.2K0.5%00.0%UnchangedHistory
PFEPfizer IncStock27,304$695.7K0.5%+6,399+30.6%AddedHistory
PEPPepsiCo IncStock4,946$694.6K0.5%−233−4.5%ReducedHistory
MAMastercard IncStock1,194$679.2K0.5%00.0%UnchangedHistory
IAUiShares Gold TrustETF9,269$674.5K0.5%+484+5.5%AddedHistory
HBANHuntington Bancshares IncCOM38,024$656.7K0.5%00.0%UnchangedHistory
iShares Core S&P Small Cap ETF464287804ETF5,526$656.7K0.5%−32−0.6%Reduced–
BABoeing CoStock2,988$644.9K0.4%+2,000+202.4%AddedHistory
SPDR Series Trust78468R606ST PORT HIGH ETF26,469$633.7K0.4%+100+0.4%Added–
GEVGE Vernova Inc.Stock983$604.4K0.4%+250+34.1%AddedHistory
iShares MSCI USA Min Vol Factor ETF46429B697ETF6,300$599.4K0.4%00.0%Unchanged–
Vanguard S&P 500 ETF922908363ETF964$590.3K0.4%00.0%Unchanged–
LOWLowes Companies IncStock2,320$583.0K0.4%−18−0.8%ReducedHistory
CSCOCisco Systems, Inc.Stock8,412$575.5K0.4%−116−1.4%ReducedHistory
RTXRTX CorpStock3,393$567.8K0.4%+1,073+46.3%AddedHistory
EMREmerson Electric CoStock4,307$565.0K0.4%+922+27.2%AddedHistory
BLKBlackRock, Inc.Stock467$544.5K0.4%−9−1.9%ReducedHistory
NFLXNetflix IncStock451$540.7K0.4%+143+46.4%AddedHistory
BRBroadridge Financial Solutions, Inc.Stock2,250$535.9K0.4%00.0%UnchangedHistory
iShares Tr46435G243ESG AWRE 1 5 YR21,166$535.7K0.4%00.0%Unchanged–
BDXBecton Dickinson & CoStock2,837$531.0K0.4%00.0%UnchangedHistory
MMM3M CoStock3,405$528.4K0.4%+42+1.2%AddedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF2,684$522.0K0.4%+453+20.3%Added–
ABBVAbbVie Inc.Stock2,176$503.8K0.3%+200+10.1%AddedHistory
ITWIllinois Tool Works IncStock1,899$495.2K0.3%+130+7.3%AddedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF9,069$491.4K0.3%+936+11.5%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF2,199$459.0K0.3%−928−29.7%Reduced–
AAgilent Technologies, Inc.COM3,404$436.9K0.3%−100−2.9%ReducedHistory
APHAmphenol CorpCL A3,523$436.0K0.3%+3,523NewHistory
iShares Tr464288638ISHS 5-10YR INVT7,672$415.0K0.3%00.0%Unchanged–
DISWalt Disney CoStock3,602$412.4K0.3%+20+0.6%AddedHistory
DUKDuke Energy CORPStock3,045$376.8K0.3%00.0%UnchangedHistory
Vanguard High Dividend Yield Index ETF921946406ETF2,666$375.8K0.3%+89+3.5%Added–
BKNGBooking Holdings Inc.Stock69$372.5K0.3%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR1,303$363.9K0.3%+224+20.8%AddedHistory
ADBEAdobe Inc.Stock1,019$359.5K0.2%−10−1.0%ReducedHistory
NOCNorthrop Grumman CorpStock559$340.6K0.2%−34−5.7%ReducedHistory
ABTAbbott LaboratoriesStock2,443$327.2K0.2%+956+64.3%AddedHistory
DDDuPont de Nemours, Inc.COM4,107$319.9K0.2%−223−5.2%ReducedHistory
Global X FDS37954Y673US INFR DEV ETF6,651$316.8K0.2%00.0%Unchanged–
TSLATesla, Inc.Stock665$295.7K0.2%+665NewHistory

Sold out since Q2 2025 (4)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Exchange Bank sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
ACNAccenture plcStock792$236.7K0.2%History
American Centy ETF Tr025072307US QUALITY GROW1,928$210.4K0.2%–
CRMSalesforce, Inc.Stock764$208.3K0.2%History
UPSUnited Parcel Service IncStock2,039$205.8K0.2%History