Exchange Bank

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 8, 2026), Exchange Bank reported 117 stock positions worth $144.3 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Johnson & Johnson (JNJ, 4.7%) and iShares National Muni Bond E (MUB, 3.8%). Compared with Q4 2025, it opened 5 new positions, sold out of 9, added to 22 and reduced 48. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +167%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
SANTA ROSA, CA
CIK
0002001155
Portfolio Value
$144.3M (Q1 2026)
SEC Filing
0002001155-26-000002 ↗ filed Apr 8, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $121.7M Q1 2024 Q2 2024: $117.7M Q2 2024 Q3 2024: $122.3M Q3 2024 Q4 2024: $124.4M Q4 2024 Q1 2025: $124.0M Q1 2025 Q2 2025: $126.4M Q2 2025 Q3 2025: $144.1M Q3 2025 Q4 2025: $144.6M Q4 2025 Q1 2026: $144.3M $144.3M Q1 2026 Q2 2026: $160.6M Q2 2026

Holdings 117 stocks · $144.3M
AAPL Apple Inc. 5.02% 28,540 $7.2M Reduce -1.7%
JNJ Johnson & Johnson 4.68% 27,641 $6.8M Reduce -3.8%
MUB iShares National Muni Bond E 3.79% 51,505 $5.5M Add +0.3%
CAT Caterpillar Inc. 3.67% 7,472 $5.3M Reduce -9.8%
CVX Chevron Corp. 3.22% 22,481 $4.7M Reduce -1.6%
XOM Exxon Mobil Corp. 2.84% 24,141 $4.1M Reduce -5.3%
AGG iShares Core U.S. Aggregate 2.58% 37,446 $3.7M Add +1.8%
MSFT Microsoft Corp. 2.55% 9,936 $3.7M Add +0.0%
WMT Walmart Inc. 2.53% 29,353 $3.6M Reduce -4.6%
VTI VG Morningstar TS MKT ETF-US 2.48% 11,145 $3.6M Add +4.7%
PG The Procter & Gamble Co. 2.36% 23,544 $3.4M Reduce -0.7%
JPM JPMorgan Chase & Co. 2.26% 11,066 $3.3M No change
BND Vanguard Total Bond Market 2.25% 44,171 $3.3M Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.95% 11,601 $2.8M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.93% 9,703 $2.8M Reduce -0.5%
KO The Coca-Cola Co. 1.59% 30,226 $2.3M No change
UNP Union Pacific Corp. 1.57% 9,366 $2.3M Reduce -4.9%
NVDA Nvidia Corp. 1.55% 12,804 $2.2M Reduce -13.1%
IJH iShares Core S&P Midcap ETF 1.54% 32,930 $2.2M Add +1.9%
BRK.A Berkshire Hathaway Inc. Class A 1.49% 3 $2.2M No change
SCHB Schwab US Broad Market ETF 1.33% 76,500 $1.9M Reduce -0.8%
GOOG Alphabet Inc. Class C 1.29% 6,509 $1.9M Add +0.9%
SPY SS SPDR S&P 500 ETF Trust-US 1.29% 2,866 $1.9M Reduce -0.5%
BMY Bristol-Myers Squibb Co. 1.23% 29,306 $1.8M No change
PM Philip Morris International 1.21% 10,599 $1.8M No change
MRK Merck & Co. Inc. 1.20% 14,441 $1.7M No change
VCSH Vanguard S/T Corp. Bond ETF 1.06% 19,302 $1.5M Add +10.8%
AMZN Amazon.com Inc. 1.05% 7,260 $1.5M Reduce -9.8%
NSC Norfolk Southern Corp. 1.05% 5,256 $1.5M Reduce -1.9%
IAGG iShares Intl Aggregate Bond 0.99% 28,446 $1.4M Add +16.7%
VEA Vanguard Ftse Developed ETF 0.94% 21,071 $1.4M Add +43.9%
TXN Texas Instruments Inc. 0.91% 6,779 $1.3M No change
VWO Vanguard Ftse Emerging Marke 0.91% 24,177 $1.3M Add +167.1%
NEE Nextera Energy Inc. 0.88% 13,740 $1.3M No change
TGT Target Corp. 0.88% 10,418 $1.3M Reduce -0.3%
ADP Automatic Data Processing 0.82% 5,802 $1.2M Reduce -0.1%
GE General Electric filed as GE AEROSPACE 0.78% 3,944 $1.1M Reduce -0.2%
SUB iShares Short-Term National 0.76% 10,360 $1.1M Reduce -0.7%
MRSH Marsh & McLennan Cos 0.74% 6,164 $1.1M Reduce -0.1%
IAU iShares Gold Trust 0.71% 11,677 $1.0M Add +16.9%
IGSB iShares 1-5Y Inv Grade Corp. 0.70% 19,274 $1.0M Reduce -13.0%
FDX FedEx Corp. 0.67% 2,703 $963K No change
LLY Eli Lilly & Co. 0.66% 1,040 $957K Reduce -6.3%
GL Globe Life Inc. 0.65% 6,750 $939K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.62% 7,555 $896K No change
MO Altria Group Inc. 0.62% 13,546 $894K No change
SPHY SS SPDR P High Yield ETF 0.62% 38,112 $889K Add +1.9%
HD Home Depot Inc. 0.61% 2,688 $884K Reduce -0.0%
GEV GE Vernova Inc. 0.60% 987 $862K Add +0.2%
HON Honeywell International Inc. 0.59% 3,735 $844K Reduce -0.1%
ORCL Oracle Corp. 0.58% 5,733 $843K Reduce -8.8%
BRK.B Berkshire Hathaway Inc. Class B 0.58% 1,752 $840K No change
COST Costco Wholesale Corp. 0.57% 830 $827K Reduce -2.6%
MCD McDonald's Corp. 0.56% 2,615 $813K No change
EFA iShares MSCI Eafe ETF 0.55% 8,233 $800K No change
AXP American Express Co. 0.54% 2,568 $777K Reduce -1.8%
AVGO Broadcom Inc. 0.53% 2,481 $768K Reduce -15.5%
PEP Pepsico Inc. 0.52% 4,798 $745K Reduce -4.7%
AVDV Avantis Intl S/C Value ETF 0.51% 7,409 $740K Reduce -14.1%
IJR iShares Core S&P Small-Cap E 0.51% 5,939 $738K Add +6.8%
V Visa Inc. Class A 0.50% 2,409 $728K No change
META Meta Platforms Inc. Class A 0.50% 1,262 $722K No change
IVV iShares Core S&P 500 ETF 0.50% 1,104 $721K No change
PFE Pfizer Inc. 0.49% 25,282 $710K No change
FALN iShares Fallen Angels ETF 0.46% 24,979 $667K Reduce -7.0%
CSCO Cisco Systems Inc. 0.44% 8,183 $635K Reduce -0.8%
MDLZ Mondelez International Inc. Class A 0.42% 10,596 $611K Reduce -3.5%
RTX RTX Corp. 0.42% 3,164 $610K Reduce -6.0%
BA The Boeing Co. 0.41% 3,008 $599K No change
MA Mastercard Inc. Class A 0.41% 1,194 $597K Reduce -2.2%
HBAN Huntington Bancshares Inc. 0.41% 38,024 $595K No change
VOO Vanguard S&P 500 ETF 0.41% 990 $592K No change
SUSB iShares ESG Aware 1-5 Year U 0.40% 22,826 $572K Add +0.7%
USMV iShares MSCI USA Min Vol Fac 0.39% 6,100 $566K Reduce -3.2%
PAVE Global X US Infrastructure 0.38% 10,894 $554K Add +63.8%
QUAL iShares MSCI USA Quality Fac 0.38% 2,885 $553K Add +8.5%
LOW Lowe's Cos Inc. 0.38% 2,320 $548K No change
EMR Emerson Electric Co. 0.35% 3,870 $507K Reduce -6.8%
ITW Illinois Tool Works 0.35% 1,932 $503K Reduce -0.6%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.35% 2,293 $498K Add +4.3%
MMM 3M Co. 0.34% 3,378 $491K Reduce -0.8%
ABBV Abbvie Inc. 0.33% 2,170 $472K No change
VYM Vanguard High DVD Yield ETF 0.32% 3,085 $457K Add +10.7%
BDX Becton Dickinson and Co. 0.31% 2,837 $446K No change
TSM Taiwan Semiconductor-SP ADR 0.29% 1,254 $424K No change
BLK BlackRock Inc. 0.29% 434 $417K Reduce -5.9%
IGIB iShares 5-10Y Inv Grade Corp. 0.28% 7,672 $408K No change
NFLX Netflix Inc. 0.28% 4,240 $408K No change
DUK Duke Energy Corp. 0.28% 3,045 $399K No change
IWM iShares Russell 2000 ETF 0.27% 1,576 $391K No change
A Agilent Technologies Inc. 0.27% 3,404 $388K No change
NOC Northrop Grumman Corp. 0.26% 559 $381K No change
BR Broadridge Financial Solutio 0.25% 2,250 $366K No change
LMT Lockheed Martin Corp. 0.22% 535 $323K Reduce -2.7%
CSX CSX Corp. 0.22% 7,820 $321K Reduce -0.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 3,271 $315K Reduce -3.7%
BKNG Booking Holdings Inc. 0.22% 74 $312K No change
LRCX Lam Research Corp. 0.20% 1,371 $293K Reduce -14.3%
APH Amphenol Corp. Class A 0.20% 2,238 $283K Reduce -15.4%
NTRS Northern Trust Corp. 0.19% 2,000 $279K No change

Show all 117 holdings

Portfolio Sells Q4 2025 → Q1 2026
AAPL Apple Inc. Reduce -1.7% 5.02% −0.44
IBM Intl Business Machines Corp. Reduce -0.1% 1.95% −0.43
NVDA Nvidia Corp. Reduce -13.1% 1.55% −0.35
ORCL Oracle Corp. Reduce -8.8% 0.58% −0.26
AMZN Amazon.com Inc. Reduce -9.8% 1.05% −0.24
ADP Automatic Data Processing Reduce -0.1% 0.82% −0.22
ABT Abbott Laboratories Sold out 0.00% −0.20
AON Aon PLC Class A Sold out 0.00% −0.20
GOOGL Alphabet Inc. Class A Reduce -0.5% 1.93% −0.18
QCOM Qualcomm Inc. Sold out 0.00% −0.18
AVGO Broadcom Inc. Reduce -15.5% 0.53% −0.17
DHR Danaher Corp. Sold out 0.00% −0.16
LLY Eli Lilly & Co. Reduce -6.3% 0.66% −0.16
GPC Genuine Parts Co. Sold out 0.00% −0.15
BAC Bank of America Corp. Sold out 0.00% −0.14
NOW ServiceNow Inc. Sold out 0.00% −0.14
CRM Salesforce Inc. Sold out 0.00% −0.14
GIS General Mills Inc. Sold out 0.00% −0.14
AXP American Express Co. Reduce -1.8% 0.54% −0.13
IGSB iShares 1-5Y Inv Grade Corp. Reduce -13.0% 0.70% −0.11
ADBE Adobe Inc. Reduce -7.9% 0.16% −0.09
MA Mastercard Inc. Class A Reduce -2.2% 0.41% −0.07
SCHB Schwab US Broad Market ETF Reduce -0.8% 1.33% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 1.29% −0.07
GE General Electric Reduce -0.2% 0.78% −0.07
BLK BlackRock Inc. Reduce -5.9% 0.29% −0.05
APH Amphenol Corp. Class A Reduce -15.4% 0.20% −0.05
MRSH Marsh & McLennan Cos Reduce -0.1% 0.74% −0.05
DIS The Walt Disney Co. Reduce -3.7% 0.22% −0.05
AVDV Avantis Intl S/C Value ETF Reduce -14.1% 0.51% −0.05
FALN iShares Fallen Angels ETF Reduce -7.0% 0.46% −0.04
MMM 3M Co. Reduce -0.8% 0.34% −0.04
EMR Emerson Electric Co. Reduce -6.8% 0.35% −0.03
HD Home Depot Inc. Reduce -0.0% 0.61% −0.03
NSC Norfolk Southern Corp. Reduce -1.9% 1.05% −0.02
MDT Medtronic PLC Reduce -1.3% 0.17% −0.02
USMV iShares MSCI USA Min Vol Fac Reduce -3.2% 0.39% −0.02
SUB iShares Short-Term National Reduce -0.7% 0.76% −0.01
RTX RTX Corp. Reduce -6.0% 0.42% −0.00
MCHP Microchip Technology Inc. Reduce -3.3% 0.15% −0.00
UNP Union Pacific Corp. Reduce -4.9% 1.57% −0.00
CSCO Cisco Systems Inc. Reduce -0.8% 0.44% +0.00
PG The Procter & Gamble Co. Reduce -0.7% 2.36% +0.01
LRCX Lam Research Corp. Reduce -14.3% 0.20% +0.01
MDLZ Mondelez International Inc. Class A Reduce -3.5% 0.42% +0.01
PEP Pepsico Inc. Reduce -4.7% 0.52% +0.02
ITW Illinois Tool Works Reduce -0.6% 0.35% +0.02
CSX CSX Corp. Reduce -0.9% 0.22% +0.02
LMT Lockheed Martin Corp. Reduce -2.7% 0.22% +0.04
COST Costco Wholesale Corp. Reduce -2.6% 0.57% +0.07

Portfolio Buys Q4 2025 → Q1 2026
VWO Vanguard Ftse Emerging Marke Add +167.1% 0.91% +0.57
VEA Vanguard Ftse Developed ETF Add +43.9% 0.94% +0.30
VLO Valero Energy Corp. New 0.18% +0.18
PAVE Global X US Infrastructure Add +63.8% 0.38% +0.16
XETYX Eaton Vance Tax-MGD Div Eqty New 0.16% +0.16
IAU iShares Gold Trust Add +16.9% 0.71% +0.15
GEV GE Vernova Inc. Add +0.2% 0.60% +0.15
LIN Linde PLC New 0.15% +0.15
CTVA Corteva Inc. New 0.14% +0.14
IAGG iShares Intl Aggregate Bond Add +16.7% 0.99% +0.14
ES Eversource Energy New 0.14% +0.14
VCSH Vanguard S/T Corp. Bond ETF Add +10.8% 1.06% +0.10
IJH iShares Core S&P Midcap ETF Add +1.9% 1.54% +0.07
IJR iShares Core S&P Small-Cap E Add +6.8% 0.51% +0.05
VYM Vanguard High DVD Yield ETF Add +10.7% 0.32% +0.04
AGG iShares Core U.S. Aggregate Add +1.8% 2.58% +0.04
T AT&T Inc. Add +0.3% 0.16% +0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Add +4.3% 0.35% +0.02
QUAL iShares MSCI USA Quality Fac Add +8.5% 0.38% +0.02
VTI VG Morningstar TS MKT ETF-US Add +4.7% 2.48% +0.01
SPHY SS SPDR P High Yield ETF Add +1.9% 0.62% +0.00
FLOT iShares Floating Rate Bond E Add +1.3% 0.15% +0.00
SUSB iShares ESG Aware 1-5 Year U Add +0.7% 0.40% +0.00
BND Vanguard Total Bond Market Add +0.1% 2.25% −0.01
MUB iShares National Muni Bond E Add +0.3% 3.79% −0.02
GOOG Alphabet Inc. Class C Add +0.9% 1.29% −0.11
MSFT Microsoft Corp. Add +0.0% 2.55% −0.77

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 130$160.6MAAPL, CAT, JNJ, VTI, MUB
Q1 2026 117$144.3MAAPL, JNJ, MUB, CAT, CVX
Q4 2025 121$144.6MAAPL, JNJ, MUB, MSFT, CAT
Q3 2025 124$144.1MAAPL, JNJ, MUB, MSFT, VTI
Q2 2025 120$126.4MAAPL, MUB, MSFT, JNJ, VTI
Q1 2025 113$124.0MMUB, AAPL, JNJ, AGG, PG
Q4 2024 112$124.4MAAPL, MUB, MSFT, AGG, VTI
Q3 2024 114$122.3MAAPL, JNJ, MSFT, PG, MUB
Q2 2024 109$117.7MAGG, AAPL, MSFT, MUB, JNJ
Q1 2024 114$121.7MAGG, MUB, AAPL, MSFT, JNJ