Exchange Bank

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 9, 2026), Exchange Bank reported 130 stock positions worth $160.6 million. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by Caterpillar (CAT, 5.0%) and Johnson & Johnson (JNJ, 4.2%). Compared with Q1 2026, it opened 15 new positions, sold out of 3, added to 33 and reduced 45. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +20%) and the biggest sale Chevron (CVX, shares −2%).

Most Recent 13F
Q2 2026
Location
SANTA ROSA, CA
CIK
0002001155
Portfolio Value
$160.6M (Q2 2026)
SEC Filing
0002001155-26-000003 ↗ filed Jul 9, 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 Q1 2026 Q2 2026: $160.6M $160.6M Q2 2026

Holdings 130 stocks · $160.6M
AAPL Apple Inc. 5.08% 28,198 $8.2M Reduce -1.2%
CAT Caterpillar Inc. 4.95% 7,472 $8.0M No change
JNJ Johnson & Johnson 4.24% 26,800 $6.8M Reduce -3.0%
VTI VG Morningstar TS MKT ETF-US 3.08% 13,366 $4.9M Add +19.9%
MUB iShares National Muni Bond E 2.87% 42,838 $4.6M Reduce -16.8%
AGG iShares Core U.S. Aggregate 2.28% 37,018 $3.7M Reduce -1.1%
CVX Chevron Corp. 2.28% 22,089 $3.7M Reduce -1.7%
MSFT Microsoft Corp. 2.24% 9,663 $3.6M Reduce -2.8%
JPM JPMorgan Chase & Co. 2.21% 10,858 $3.6M Reduce -1.9%
GOOGL Alphabet Inc. Class A 2.21% 9,938 $3.6M Add +2.4%
PG The Procter & Gamble Co. 2.12% 23,182 $3.4M Reduce -1.5%
BND Vanguard Total Bond Market 2.11% 46,131 $3.4M Add +4.4%
XOM Exxon Mobil Corp. 2.06% 24,235 $3.3M Add +0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.01% 11,483 $3.2M Reduce -1.0%
WMT Walmart Inc. 2.00% 28,340 $3.2M Reduce -3.5%
UNP Union Pacific Corp. 1.59% 9,366 $2.5M No change
IJH iShares Core S&P Midcap ETF 1.58% 32,861 $2.5M Reduce -0.2%
KO The Coca-Cola Co. 1.57% 30,981 $2.5M Add +2.5%
NVDA Nvidia Corp. 1.54% 12,374 $2.5M Reduce -3.4%
GOOG Alphabet Inc. Class C 1.41% 6,396 $2.3M Reduce -1.7%
BRK.A Berkshire Hathaway Inc. Class A 1.40% 3 $2.2M No change
VEA Vanguard Ftse Developed ETF 1.38% 31,223 $2.2M Add +48.2%
SCHB Schwab US Broad Market ETF 1.36% 75,676 $2.2M Reduce -1.1%
VCSH Vanguard S/T Corp. Bond ETF 1.33% 27,115 $2.1M Add +40.5%
TXN Texas Instruments Inc. 1.26% 6,779 $2.0M No change
VWO Vanguard Ftse Emerging Marke 1.16% 31,175 $1.9M Add +28.9%
MRK Merck & Co. Inc. 1.15% 14,357 $1.8M Reduce -0.6%
AMZN Amazon.com Inc. 1.14% 7,695 $1.8M Add +6.0%
PM Philip Morris International 1.13% 10,013 $1.8M Reduce -5.5%
IAGG iShares Intl Aggregate Bond 1.09% 34,486 $1.7M Add +21.2%
BMY Bristol-Myers Squibb Co. 1.05% 29,306 $1.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.03% 2,214 $1.7M Reduce -22.8%
NSC Norfolk Southern Corp. 0.99% 5,076 $1.6M Reduce -3.4%
GE General Electric filed as GE AEROSPACE 0.89% 3,819 $1.4M Reduce -3.2%
LLY Eli Lilly & Co. 0.81% 1,091 $1.3M Add +4.9%
TGT Target Corp. 0.81% 10,018 $1.3M Reduce -3.8%
ADP Automatic Data Processing 0.79% 5,689 $1.3M Reduce -1.9%
GL Globe Life Inc. 0.75% 6,750 $1.2M No change
NEE Nextera Energy Inc. 0.75% 13,687 $1.2M Reduce -0.4%
SPHY SS SPDR P High Yield ETF 0.74% 50,395 $1.2M Add +32.2%
GEV GE Vernova Inc. 0.70% 956 $1.1M Reduce -3.1%
BNY Bank of New York Mellon Corp. 0.66% 7,354 $1.1M Reduce -2.7%
ABBV Abbvie Inc. 0.65% 4,145 $1.0M Add +91.0%
MRSH Marsh & McLennan Cos 0.64% 6,164 $1.0M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.63% 19,274 $1.0M No change
QUAL iShares MSCI USA Quality Fac 0.62% 4,519 $992K Add +56.6%
CSCO Cisco Systems Inc. 0.61% 8,325 $978K Add +1.7%
MO Altria Group Inc. 0.60% 13,297 $957K Reduce -1.8%
HD Home Depot Inc. 0.59% 2,686 $947K Reduce -0.1%
AVGO Broadcom Inc. 0.58% 2,482 $938K Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.57% 1,830 $916K Add +4.5%
IJR iShares Core S&P Small-Cap E 0.55% 5,915 $877K Reduce -0.4%
AXP American Express Co. 0.54% 2,568 $869K No change
AVDV Avantis Intl S/C Value ETF 0.54% 8,379 $863K Add +13.1%
IAU iShares Gold Trust 0.53% 11,283 $852K Reduce -3.4%
FDX FedEx Corp. 0.53% 2,703 $846K No change
ORCL Oracle Corp. 0.52% 5,733 $840K No change
V Visa Inc. Class A 0.51% 2,409 $827K No change
EFA iShares MSCI Eafe ETF 0.51% 7,941 $825K Reduce -3.5%
SUB iShares Short-Term National 0.49% 7,395 $787K Reduce -28.6%
VYM Vanguard High DVD Yield ETF 0.49% 4,967 $785K Add +61.0%
COST Costco Wholesale Corp. 0.48% 826 $773K Reduce -0.5%
IVV iShares Core S&P 500 ETF 0.45% 969 $726K Reduce -12.2%
META Meta Platforms Inc. Class A 0.44% 1,267 $714K Add +0.4%
FALN iShares Fallen Angels ETF 0.42% 24,979 $680K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.42% 2,791 $678K Add +21.7%
VOO Vanguard S&P 500 ETF 0.42% 985 $677K Reduce -0.5%
HBAN Huntington Bancshares Inc. 0.42% 38,024 $674K No change
MCD McDonald's Corp. 0.41% 2,457 $664K Reduce -6.0%
PEP Pepsico Inc. 0.40% 4,778 $647K Reduce -0.4%
MA Mastercard Inc. Class A 0.40% 1,256 $645K Add +5.2%
PAVE Global X US Infrastructure 0.40% 10,894 $642K No change
TSM Taiwan Semiconductor-SP ADR 0.39% 1,314 $628K Add +4.8%
MDLZ Mondelez International Inc. Class A 0.38% 10,578 $612K Reduce -0.2%
RTX RTX Corp. 0.37% 3,164 $600K No change
LRCX Lam Research Corp. 0.37% 1,372 $595K Add +0.1%
USMV iShares MSCI USA Min Vol Fac 0.36% 6,000 $579K Reduce -1.6%
SUSB iShares ESG Aware 1-5 Year U 0.36% 22,826 $570K No change
BA The Boeing Co. 0.35% 2,597 $562K Reduce -13.7%
PFE Pfizer Inc. 0.35% 23,020 $554K Reduce -8.9%
EMR Emerson Electric Co. 0.34% 3,857 $552K Reduce -0.3%
MU Micron Technology Inc. 0.34% 476 $549K New
MMM 3M Co. 0.34% 3,368 $545K Reduce -0.3%
LOW Lowe's Cos Inc. 0.32% 2,320 $512K No change
ITW Illinois Tool Works 0.30% 1,767 $478K Reduce -8.5%
IWM iShares Russell 2000 ETF 0.29% 1,576 $474K No change
A Agilent Technologies Inc. 0.28% 3,404 $452K No change
BDX Becton Dickinson and Co. 0.27% 2,837 $429K No change
HON Honeywell International Inc. 0.26% 1,881 $420K Add +0.7%
BLK BlackRock Inc. 0.26% 436 $419K Add +0.5%
HONA Honeywell Aerospace Inc. 0.26% 1,881 $415K Add +0.7%
IGIB iShares 5-10Y Inv Grade Corp. 0.25% 7,672 $408K No change
APH Amphenol Corp. Class A 0.25% 2,238 $395K No change
DUK Duke Energy Corp. 0.24% 3,045 $385K No change
CSX CSX Corp. 0.23% 7,820 $372K No change
CL Colgate-Palmolive Co. 0.23% 3,947 $362K New
NTRS Northern Trust Corp. 0.22% 2,000 $348K No change
BAC Bank of America Corp. 0.21% 5,830 $332K New
BKNG Booking Holdings Inc. 0.21% 1,850 $330K No change
INTC Intel Corp. 0.20% 2,318 $324K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.20% 3,286 $316K Add +0.5%
BR Broadridge Financial Solutio 0.19% 2,250 $308K No change
NFLX Netflix Inc. 0.19% 4,250 $303K Add +0.2%
PNC PNC Financial Services Group 0.19% 1,230 $303K No change
MCHP Microchip Technology Inc. 0.19% 3,318 $303K No change
LMT Lockheed Martin Corp. 0.17% 550 $280K Add +2.8%
ABT Abbott Laboratories 0.17% 2,983 $271K New
VLO Valero Energy Corp. 0.17% 1,038 $270K No change
LIN Linde PLC 0.17% 516 $268K Add +21.1%
TSLA Tesla Inc. 0.17% 636 $268K Add +0.3%
TRV The Travelers Cos Inc. 0.16% 773 $255K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.15% 1,626 $246K No change
EPD Enterprise Products Partners 0.15% 6,701 $246K No change
CRWD CrowdStrike Holdings Inc. Class A 0.15% 320 $244K New
NOC Northrop Grumman Corp. 0.15% 478 $243K Reduce -14.5%
AMD Advanced Micro Devices 0.15% 417 $242K New
XETYX Eaton Vance Tax-MGD Div Eqty 0.15% 16,659 $242K No change
ETN Eaton Corp. PLC 0.15% 562 $239K New
QCOM Qualcomm Inc. 0.14% 1,235 $228K New
MDT Medtronic PLC 0.14% 2,796 $219K Reduce -0.5%
VTEB Vanguard Tax-Exempt Bond ETF 0.14% 4,295 $217K New
DE Deere & Co. 0.13% 335 $213K New
TFI SS SPDR N Ice Muni Bond ETF 0.13% 4,622 $212K No change
CTVA Corteva Inc. 0.13% 2,484 $210K No change
GPC Genuine Parts Co. 0.13% 1,779 $210K New
QQQ Invesco QQQ Trust Series 1 0.13% 285 $210K New
ES Eversource Energy 0.13% 2,894 $209K Add +0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 2,568 $207K New
COF Capital One Financial Corp. 0.13% 1,030 $207K Reduce -7.6%
UNH Unitedhealth Group Inc. 0.12% 482 $200K New

Portfolio Sells Q1 2026 → Q2 2026
CVX Chevron Corp. Reduce -1.7% 2.28% −0.94
MUB iShares National Muni Bond E Reduce -16.8% 2.87% −0.92
WMT Walmart Inc. Reduce -3.5% 2.00% −0.53
JNJ Johnson & Johnson Reduce -3.0% 4.24% −0.45
MSFT Microsoft Corp. Reduce -2.8% 2.24% −0.30
AGG iShares Core U.S. Aggregate Reduce -1.1% 2.28% −0.30
SUB iShares Short-Term National Reduce -28.6% 0.49% −0.27
SPY SS SPDR S&P 500 ETF Trust-US Reduce -22.8% 1.03% −0.26
PG The Procter & Gamble Co. Reduce -1.5% 2.12% −0.24
IAU iShares Gold Trust Reduce -3.4% 0.53% −0.18
T AT&T Inc. Sold out 0.00% −0.16
ADBE Adobe Inc. Sold out 0.00% −0.16
MCD McDonald's Corp. Reduce -6.0% 0.41% −0.15
PFE Pfizer Inc. Reduce -8.9% 0.35% −0.15
FLOT iShares Floating Rate Bond E Sold out 0.00% −0.15
NEE Nextera Energy Inc. Reduce -0.4% 0.75% −0.14
PEP Pepsico Inc. Reduce -0.4% 0.40% −0.11
NOC Northrop Grumman Corp. Reduce -14.5% 0.15% −0.11
COST Costco Wholesale Corp. Reduce -0.5% 0.48% −0.09
PM Philip Morris International Reduce -5.5% 1.13% −0.09
BA The Boeing Co. Reduce -13.7% 0.35% −0.06
TGT Target Corp. Reduce -3.8% 0.81% −0.06
MRK Merck & Co. Inc. Reduce -0.6% 1.15% −0.06
NSC Norfolk Southern Corp. Reduce -3.4% 0.99% −0.05
ITW Illinois Tool Works Reduce -8.5% 0.30% −0.05
IVV iShares Core S&P 500 ETF Reduce -12.2% 0.45% −0.05
JPM JPMorgan Chase & Co. Reduce -1.9% 2.21% −0.04
MDLZ Mondelez International Inc. Class A Reduce -0.2% 0.38% −0.04
EFA iShares MSCI Eafe ETF Reduce -3.5% 0.51% −0.04
MDT Medtronic PLC Reduce -0.5% 0.14% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -1.6% 0.36% −0.03
MO Altria Group Inc. Reduce -1.8% 0.60% −0.02
ADP Automatic Data Processing Reduce -1.9% 0.79% −0.02
HD Home Depot Inc. Reduce -0.1% 0.59% −0.02
COF Capital One Financial Corp. Reduce -7.6% 0.13% −0.01
EMR Emerson Electric Co. Reduce -0.3% 0.34% −0.01
NVDA Nvidia Corp. Reduce -3.4% 1.54% −0.01
MMM 3M Co. Reduce -0.3% 0.34% −0.00
VOO Vanguard S&P 500 ETF Reduce -0.5% 0.42% +0.01
SCHB Schwab US Broad Market ETF Reduce -1.1% 1.36% +0.03
IJR iShares Core S&P Small-Cap E Reduce -0.4% 0.55% +0.03
IJH iShares Core S&P Midcap ETF Reduce -0.2% 1.58% +0.04
BNY Bank of New York Mellon Corp. Reduce -2.7% 0.66% +0.04
AAPL Apple Inc. Reduce -1.2% 5.08% +0.06
IBM Intl Business Machines Corp. Reduce -1.0% 2.01% +0.06
GEV GE Vernova Inc. Reduce -3.1% 0.70% +0.10
GOOG Alphabet Inc. Class C Reduce -1.7% 1.41% +0.11
GE General Electric Reduce -3.2% 0.89% +0.11

Portfolio Buys Q1 2026 → Q2 2026
VTI VG Morningstar TS MKT ETF-US Add +19.9% 3.08% +0.60
VEA Vanguard Ftse Developed ETF Add +48.2% 1.38% +0.45
MU Micron Technology Inc. New 0.34% +0.34
ABBV Abbvie Inc. Add +91.0% 0.65% +0.32
GOOGL Alphabet Inc. Class A Add +2.4% 2.21% +0.28
VCSH Vanguard S/T Corp. Bond ETF Add +40.5% 1.33% +0.27
VWO Vanguard Ftse Emerging Marke Add +28.9% 1.16% +0.25
QUAL iShares MSCI USA Quality Fac Add +56.6% 0.62% +0.23
CL Colgate-Palmolive Co. New 0.23% +0.23
BAC Bank of America Corp. New 0.21% +0.21
INTC Intel Corp. New 0.20% +0.20
VYM Vanguard High DVD Yield ETF Add +61.0% 0.49% +0.17
CSCO Cisco Systems Inc. Add +1.7% 0.61% +0.17
ABT Abbott Laboratories New 0.17% +0.17
LRCX Lam Research Corp. Add +0.1% 0.37% +0.17
CRWD CrowdStrike Holdings Inc. Class A New 0.15% +0.15
LLY Eli Lilly & Co. Add +4.9% 0.81% +0.15
AMD Advanced Micro Devices New 0.15% +0.15
ETN Eaton Corp. PLC New 0.15% +0.15
QCOM Qualcomm Inc. New 0.14% +0.14
VTEB Vanguard Tax-Exempt Bond ETF New 0.14% +0.14
DE Deere & Co. New 0.13% +0.13
GPC Genuine Parts Co. New 0.13% +0.13
QQQ Invesco QQQ Trust Series 1 New 0.13% +0.13
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.13% +0.13
UNH Unitedhealth Group Inc. New 0.12% +0.12
SPHY SS SPDR P High Yield ETF Add +32.2% 0.74% +0.12
IAGG iShares Intl Aggregate Bond Add +21.2% 1.09% +0.10
TSM Taiwan Semiconductor-SP ADR Add +4.8% 0.39% +0.10
AMZN Amazon.com Inc. Add +6.0% 1.14% +0.09
VBR Vngrd Mrngst SL-CP Val ETF-U Add +21.7% 0.42% +0.08
AVGO Broadcom Inc. Add +0.0% 0.58% +0.05
AVDV Avantis Intl S/C Value ETF Add +13.1% 0.54% +0.02
LIN Linde PLC Add +21.1% 0.17% +0.02
TSLA Tesla Inc. Add +0.3% 0.17% +0.00
ES Eversource Energy Add +0.2% 0.13% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +4.5% 0.57% −0.01
MA Mastercard Inc. Class A Add +5.2% 0.40% −0.01
DIS The Walt Disney Co. Add +0.5% 0.20% −0.02
KO The Coca-Cola Co. Add +2.5% 1.57% −0.03
HONA Honeywell Aerospace Inc. Add +0.7% 0.26% −0.03
BLK BlackRock Inc. Add +0.5% 0.26% −0.03
LMT Lockheed Martin Corp. Add +2.8% 0.17% −0.05
META Meta Platforms Inc. Class A Add +0.4% 0.44% −0.06
NFLX Netflix Inc. Add +0.2% 0.19% −0.09
BND Vanguard Total Bond Market Add +4.4% 2.11% −0.15
HON Honeywell International Inc. Add +0.7% 0.26% −0.32
XOM Exxon Mobil Corp. Add +0.4% 2.06% −0.78

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