Managers / Q4 2020 · view latest →
Exchange Capital Management, Inc.
CIK 0001317733 · 303 DETROIT STREET, SUITE #203, ANN ARBOR, MI, 48104 · 734-761-6500
Summary
Exchange Capital Management, Inc. reported $449M in U.S.-listed holdings across 160 positions for Q4 2020.
Its largest position, MSFT, represents 3.4% of the portfolio.
Compared with Q3 2020, the fund opened 13 new positions and exited 4.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 55.8% · $250M
- ETP · 41.0% · $184M
- Other · 2.8% · $13M
- ADR · 0.3% · $2M
- Closed-End Fund · 0.0% · $204,000
- Other · 0.0% · $45,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LRCXEURLam Research Corp | NEW | +2.3K | 2.3K | +$1M | $1M |
| iShares Global Clean Energy | NEW | +11.5K | 11.5K | +$324,000 | $324,000 |
| CATCaterpillar Inc | NEW | +1.7K | 1.7K | +$318,000 | $318,000 |
| Unilever PLC | NEW | +4.7K | 4.7K | +$286,000 | $286,000 |
| SYKStryker Corporation | NEW | +1.1K | 1.1K | +$258,000 | $258,000 |
| SPDR(R) S&P 1500 ETF | NEW | +5.6K | 5.6K | +$256,000 | $256,000 |
| DOWDow Inc | NEW | +4.2K | 4.2K | +$232,000 | $232,000 |
| Schwab US Large-Cap Growth ETF(TM) | NEW | +1.6K | 1.6K | +$212,000 | $212,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2025 | $670M | 206 | Jul 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $617M | 207 | May 1, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $630M | 211 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $628M | 194 | Nov 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $614M | 193 | Jul 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $615M | 188 | Apr 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $557M | 181 | Feb 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $530M | 176 | Oct 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $539M | 176 | Jul 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $492M | 169 | May 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $456M | 161 | Feb 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $431M | 161 | Oct 31, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $459M | 158 | Jul 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $534M | 162 | Apr 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $550M | 167 | Jan 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $516M | 165 | Nov 1, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $521M | 163 | Aug 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $483M | 162 | May 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $449M | 160 | Feb 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $395M | 151 | Nov 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $361M | 152 | Aug 4, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $307M | 140 | Apr 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $389M | 149 | Jan 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $380M | 150 | Nov 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $372M | 135 | Jul 22, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $356M | 131 | Apr 17, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $308M | 132 | Feb 1, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.