Managers / Q3 2022 · 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 $431M in U.S.-listed holdings across 161 positions for Q3 2022.
Its largest position, MSFT, represents 4.0% of the portfolio.
Compared with Q2 2022, the fund opened 4 new positions and exited 1.
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 · 52.5% · $227M
- ETP · 43.6% · $188M
- Other · 3.8% · $17M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ASML Holding NV | NEW | +1.5K | 1.5K | +$617,000 | $617,000 |
| WDAYWorkday Inc | NEW | +2.7K | 2.7K | +$407,000 | $407,000 |
| ECLEcolab Inc | NEW | +1.5K | 1.5K | +$217,000 | $217,000 |
| SYKStryker Corporation | NEW | +993 | 993 | +$201,000 | $201,000 |
| GOOGLAlphabet Inc. CL A | ADDED | +117.8K | 123.8K | −$1M | $12M |
| GOOGAlphabet Inc. CL C | ADDED | +5.7K | 6.0K | −$87,000 | $574,000 |
| Schwab US Large-Cap Growth ETF | SOLD OUT | −3.5K | 0 | −$202,000 | $0 |
| CLXClorox Co | ADDED | +1.5K | 4.0K | +$154,000 | $519,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
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 ↗.