Interchange Capital Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), Interchange Capital Partners, LLC reported 424 stock positions worth $539.1 million. Its top holding was JPM Ultra-Short Muni Income (JMST) at 7.1% of the portfolio, followed by Apple (AAPL, 4.3%) and Janus Henderson Aaa Clo ETF (JAAA, 3.4%). Compared with Q3 2025, it opened 96 new positions, sold out of 37, added to 181 and reduced 127. The biggest buy was Eli Lilly (LLY, shares +117%) and the biggest sale Semler Scientific (SMLR, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001845998
- Portfolio Value
- $539.1M (Q4 2025)
- SEC Filing
- 0001845998-26-000001 ↗ filed Jan 30, 2026
Holdings Value
Holdings 424 stocks · $539.1M
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 7.12% | 754,000 | $38.4M | Add +0.2% |
| AAPL Apple Inc. | 4.27% | 84,735 | $23.0M | Add +2.4% |
| JAAA Janus Henderson Aaa Clo ETF | 3.35% | 357,533 | $18.1M | Reduce -6.4% |
| SMLR Semler Scientific Inc. | 3.12% | 1,099,922 | $16.8M | Reduce -13.3% |
| MSFT Microsoft Corp. | 2.99% | 33,376 | $16.1M | Add +2.8% |
| IQLT iShares MSCI International Q | 2.77% | 328,956 | $15.0M | Add +5.0% |
| NVDA Nvidia Corp. | 2.18% | 63,063 | $11.8M | Add +11.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.68% | 47,403 | $9.1M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 1.59% | 27,318 | $8.6M | Add +4.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.55% | 93,461 | $8.4M | Reduce -3.8% |
| JPST JPMorgan Ultra-Short Income | 1.54% | 164,580 | $8.3M | Add +6.7% |
| IVV iShares Core S&P 500 ETF | 1.47% | 11,578 | $7.9M | Add +0.8% |
| AMZN Amazon.com Inc. | 1.44% | 33,730 | $7.8M | Add +6.4% |
| IEMG iShares Core MSCI Emerging | 1.43% | 114,945 | $7.7M | Add +3.0% |
| VEA Vanguard Ftse Developed ETF | 1.30% | 112,201 | $7.0M | Add +0.9% |
| TSLA Tesla Inc. | 1.19% | 14,288 | $6.4M | Add +3.0% |
| GOOG Alphabet Inc. Class C | 1.17% | 20,028 | $6.3M | Add +6.2% |
| META Meta Platforms Inc. Class A | 1.12% | 9,134 | $6.0M | Add +7.0% |
| JPM JPMorgan Chase & Co. | 1.01% | 16,845 | $5.4M | Add +2.6% |
| VLUE iShares MSCI USA Value Facto | 0.99% | 39,086 | $5.3M | Add +0.6% |
| IAU iShares Gold Trust | 0.94% | 62,670 | $5.1M | Reduce -2.3% |
| LLY Eli Lilly & Co. | 0.86% | 4,298 | $4.6M | Add +116.6% |
| AVGO Broadcom Inc. | 0.82% | 12,756 | $4.4M | Add +5.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 6,344 | $4.3M | Add +77.8% |
| IVE iShares S&P 500 Value ETF | 0.71% | 18,179 | $3.9M | Add +18.6% |
| ABBV Abbvie Inc. | 0.69% | 16,306 | $3.7M | Add +1.4% |
| JEPI JPMorgan Equity Premium Inco | 0.65% | 61,080 | $3.5M | Reduce -2.9% |
| IVW iShares S&P 500 Growth ETF | 0.62% | 27,252 | $3.4M | Reduce -0.7% |
| QUAL iShares MSCI USA Quality Fac | 0.62% | 16,770 | $3.3M | Reduce -25.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.61% | 54,450 | $3.3M | Reduce -1.9% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.51% | 30,746 | $2.8M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 5,492 | $2.8M | Add +1.4% |
| DFIV Dimensional International Va | 0.50% | 53,680 | $2.7M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.49% | 8,729 | $2.7M | Add +17.2% |
| V Visa Inc. Class A | 0.49% | 7,558 | $2.7M | Add +3.6% |
| MS Morgan Stanley | 0.48% | 14,666 | $2.6M | Reduce -0.2% |
| EFV iShares MSCI Eafe Value ETF | 0.47% | 35,568 | $2.5M | Reduce -9.2% |
| MDCX Medicus Pharma Ltd. | 0.45% | 1,586,871 | $2.4M | No change |
| RTX RTX Corp. | 0.45% | 13,225 | $2.4M | Add +2.1% |
| EQT Eqt Corp. | 0.45% | 44,940 | $2.4M | Add +94.3% |
| JHMM John Hancock Multi Fact Mid | 0.44% | 35,903 | $2.4M | Add +3.9% |
| CVX Chevron Corp. | 0.43% | 15,244 | $2.3M | Add +105.0% |
| PULS Pgim Ultra Short Bond ETF | 0.43% | 46,680 | $2.3M | Add +67.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 6,810 | $2.3M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.42% | 6,892 | $2.3M | Reduce -13.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.42% | 33,182 | $2.3M | Reduce -5.8% |
| ABT Abbott Laboratories | 0.42% | 17,912 | $2.2M | Add +4.6% |
| HCA HCA Healthcare Inc. | 0.41% | 4,733 | $2.2M | Add +8.1% |
| BBJP JPMorgan Betabuilders Japan | 0.41% | 33,469 | $2.2M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 0.41% | 28,448 | $2.2M | Add +138.6% |
| AXP American Express Co. | 0.41% | 5,904 | $2.2M | Add +1.0% |
| MA Mastercard Inc. Class A | 0.40% | 3,793 | $2.2M | Add +1.6% |
| FBND Fidelity Total Bond ETF | 0.40% | 46,872 | $2.2M | Add +15.4% |
| OEF iShares S&P 100 ETF | 0.40% | 6,266 | $2.1M | Reduce -2.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.39% | 4,482 | $2.1M | Add +6.6% |
| CGMU Cap Group Municipal Income | 0.39% | 76,564 | $2.1M | New |
| EZU iShares MSCI Eurozone ETF | 0.38% | 31,682 | $2.0M | Reduce -3.1% |
| SHOP Shopify Inc. Class A | 0.37% | 12,437 | $2.0M | Reduce -2.3% |
| HD Home Depot Inc. | 0.37% | 5,765 | $2.0M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.37% | 16,392 | $2.0M | Add +122.7% |
| MPC Marathon Petroleum Corp. | 0.36% | 11,849 | $1.9M | Reduce -0.8% |
| EVIM Eaton Vance Int Muni Income | 0.36% | 36,222 | $1.9M | New |
| GLD SPDR Gold Shares | 0.35% | 4,703 | $1.9M | No change |
| IJR iShares Core S&P Small-Cap E | 0.34% | 15,101 | $1.8M | Add +0.0% |
| APP AppLovin Corp. Class A | 0.32% | 2,525 | $1.7M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.31% | 11,631 | $1.7M | Add +1.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 5,626 | $1.7M | Add +2.7% |
| ORCL Oracle Corp. | 0.31% | 8,465 | $1.6M | Add +0.8% |
| AMAT Applied Materials Inc. | 0.30% | 6,351 | $1.6M | Add +1.8% |
| ANET Arista Networks Inc. | 0.29% | 11,994 | $1.6M | Reduce -5.8% |
| DGRW Wisdomtree U.S. Quality Divi | 0.29% | 17,496 | $1.6M | Reduce -2.0% |
| WMT Walmart Inc. | 0.29% | 13,858 | $1.5M | Add +8.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 5,270 | $1.5M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.28% | 21,654 | $1.5M | Add +113.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 2 | $1.5M | No change |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.28% | 14,014 | $1.5M | Reduce -0.7% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 8,294 | $1.5M | Reduce -7.7% |
| MRK Merck & Co. Inc. | 0.26% | 13,239 | $1.4M | Add +21.7% |
| NFLX Netflix Inc. | 0.26% | 14,738 | $1.4M | Reduce -6.1% |
| FICO Fair Isaac Corp. | 0.25% | 812 | $1.4M | Add +1.0% |
| CRM Salesforce Inc. | 0.25% | 5,175 | $1.4M | Add +5.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.25% | 1,275 | $1.4M | Add +15.6% |
| CAT Caterpillar Inc. | 0.25% | 2,345 | $1.3M | Add +47.4% |
| NEE Nextera Energy Inc. | 0.25% | 16,618 | $1.3M | Reduce -0.6% |
| SBUX Starbucks Corp. | 0.25% | 15,788 | $1.3M | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.25% | 2,794 | $1.3M | Reduce -0.4% |
| AMD Advanced Micro Devices | 0.24% | 6,128 | $1.3M | Reduce -5.1% |
| ITA iShares U.S. Aerospace & Def | 0.24% | 6,043 | $1.3M | Reduce -3.0% |
| JNJ Johnson & Johnson | 0.24% | 6,224 | $1.3M | Add +0.1% |
| LRCX Lam Research Corp. | 0.24% | 7,489 | $1.3M | Add +4.7% |
| VWO Vanguard Ftse Emerging Marke | 0.23% | 23,428 | $1.3M | Add +1.0% |
| THRO iShares U.S. Thematic Rotati | 0.23% | 32,120 | $1.2M | Reduce -1.9% |
| GLDM SPDR Gold Minishares Trust | 0.23% | 14,485 | $1.2M | Add +20.1% |
| YUM Yum! Brands Inc. | 0.23% | 8,071 | $1.2M | Add +5.0% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 3,960 | $1.2M | Add +1.2% |
| MU Micron Technology Inc. | 0.22% | 4,238 | $1.2M | Reduce -13.6% |
| MTUM iShares MSCI USA Momentum Fa | 0.22% | 4,774 | $1.2M | Add +53.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 21,669 | $1.2M | Add +3.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.22% | 2,413 | $1.2M | Reduce -0.3% |
| BAI Ishrs AI in and Tech Act ETF | 0.22% | 35,278 | $1.2M | Add +3.8% |
Portfolio Sells Q3 2025 → Q4 2025
| SMLR Semler Scientific Inc. | Reduce -13.3% | 3.12% | −4.34 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -6.4% | 3.35% | −0.45 |
| QUAL iShares MSCI USA Quality Fac | Reduce -25.1% | 0.62% | −0.24 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -5.8% | 0.42% | −0.20 |
| ETHE Grayscale Ethereum Staking E | Reduce -12.6% | 0.21% | −0.15 |
| UNH Unitedhealth Group Inc. | Reduce -13.1% | 0.42% | −0.12 |
| NFLX Netflix Inc. | Reduce -6.1% | 0.26% | −0.11 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.8% | 1.55% | −0.11 |
| HD Home Depot Inc. | Reduce -4.1% | 0.37% | −0.11 |
| HOOD Robinhood Markets Inc. Class A | Reduce -15.3% | 0.17% | −0.10 |
| XLF SS Financial Select Sector | Reduce -69.0% | 0.04% | −0.10 |
| MPC Marathon Petroleum Corp. | Reduce -0.8% | 0.36% | −0.09 |
| EXI iShares Global Industrials E | Sold out | 0.00% | −0.08 |
| ANET Arista Networks Inc. | Reduce -5.8% | 0.29% | −0.07 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −0.06 |
| RBLX Roblox Corp. Class A | Reduce -5.9% | 0.07% | −0.06 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.06 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.06 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.06 |
| TTC Toro Co. | Sold out | 0.00% | −0.06 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.9% | 0.65% | −0.06 |
| BITO Proshares Bitcoin ETF-Usd | Sold out | 0.00% | −0.05 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -17.8% | 0.12% | −0.05 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.05 |
| XYZ Block Inc. | Sold out | 0.00% | −0.05 |
| ARKB ARK 21SHARES Bitcoin ETF | Reduce -3.9% | 0.12% | −0.05 |
| DASH DoorDash Inc. Class A | Reduce -22.1% | 0.08% | −0.05 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.05 |
| EFV iShares MSCI Eafe Value ETF | Reduce -9.2% | 0.47% | −0.05 |
| COP Conocophillips | Sold out | 0.00% | −0.05 |
| UBER Uber Technologies Inc. | Reduce -1.9% | 0.13% | −0.05 |
| MAS Masco Corp. | Sold out | 0.00% | −0.05 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Reduce -7.7% | 0.27% | −0.05 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -37.3% | 0.07% | −0.05 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.05 |
| SPOT Spotify Technology SA | Reduce -28.8% | 0.06% | −0.04 |
| APP AppLovin Corp. Class A | Reduce -1.1% | 0.32% | −0.04 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -38.6% | 0.06% | −0.04 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.04 |
| SPGI S&P Global Inc. | Reduce -30.2% | 0.10% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.04 |
| SO The Southern Co. | Sold out | 0.00% | −0.04 |
| VOX Vanguard Communication Servi | Sold out | 0.00% | −0.04 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.04 |
| NOW ServiceNow Inc. | Reduce -0.3% | 0.15% | −0.04 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.04 |
| OC Owens Corning | Sold out | 0.00% | −0.04 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +116.6% | 0.86% | +0.56 |
| CGMU Cap Group Municipal Income | New | 0.39% | +0.39 |
| EVIM Eaton Vance Int Muni Income | New | 0.36% | +0.36 |
| GOOGL Alphabet Inc. Class A | Add +4.9% | 1.59% | +0.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +77.8% | 0.80% | +0.34 |
| GOOG Alphabet Inc. Class C | Add +6.2% | 1.17% | +0.27 |
| CSCO Cisco Systems Inc. | Add +138.6% | 0.41% | +0.25 |
| CVX Chevron Corp. | Add +105.0% | 0.43% | +0.20 |
| XOM Exxon Mobil Corp. | Add +122.7% | 0.37% | +0.20 |
| EQT Eqt Corp. | Add +94.3% | 0.45% | +0.20 |
| PULS Pgim Ultra Short Bond ETF | Add +67.8% | 0.43% | +0.16 |
| EPAM Epam Systems Inc. | New | 0.15% | +0.15 |
| KO The Coca-Cola Co. | Add +113.5% | 0.28% | +0.15 |
| VXUS Vanguard Total Intl Stock | New | 0.15% | +0.15 |
| AAPL Apple Inc. | Add +2.4% | 4.27% | +0.14 |
| EXPE Expedia Group Inc. | Add +139.3% | 0.20% | +0.14 |
| C Citigroup Inc. | Add +138.4% | 0.21% | +0.13 |
| EPR Epr Properties | New | 0.13% | +0.13 |
| NVDA Nvidia Corp. | Add +11.8% | 2.18% | +0.12 |
| CLH Clean Harbors Inc. | New | 0.12% | +0.12 |
| ESS Essex Property Trust Inc. | New | 0.11% | +0.11 |
| CAT Caterpillar Inc. | Add +47.4% | 0.25% | +0.10 |
| CMG Chipotle Mexican Grill Inc. | New | 0.10% | +0.10 |
| CTSH Cognizant Tech Solutions-A | New | 0.10% | +0.10 |
| IVE iShares S&P 500 Value ETF | Add +18.6% | 0.71% | +0.09 |
| CLS Celestica Inc. | New | 0.09% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +17.2% | 0.49% | +0.08 |
| CRUS Cirrus Logic Inc. | Add +173.1% | 0.14% | +0.08 |
| ES Eversource Energy | New | 0.08% | +0.08 |
| EMR Emerson Electric Co. | Add +187.4% | 0.13% | +0.08 |
| EFX Equifax Inc. | New | 0.08% | +0.08 |
| AMZN Amazon.com Inc. | Add +6.4% | 1.44% | +0.08 |
| MRK Merck & Co. Inc. | Add +21.7% | 0.26% | +0.08 |
| CME Cme Group Inc. | New | 0.08% | +0.08 |
| CB Chubb Ltd. | Add +69.6% | 0.18% | +0.08 |
| IBB iShares Biotechnology ETF | New | 0.07% | +0.07 |
| CASY Casey's General Stores Inc. | New | 0.07% | +0.07 |
| AVY Avery Dennison Corp. | New | 0.07% | +0.07 |
| MTUM iShares MSCI USA Momentum Fa | Add +53.5% | 0.22% | +0.07 |
| LULU Lululemon Athletica Inc. | New | 0.07% | +0.07 |
| CCL Carnival Corp. | New | 0.06% | +0.06 |
| CTAS Cintas Corp. | New | 0.06% | +0.06 |
| COR Cencora Inc. | New | 0.06% | +0.06 |
| IQLT iShares MSCI International Q | Add +5.0% | 2.77% | +0.06 |
| CCK Crown Holdings Inc. | New | 0.06% | +0.06 |
| SNA Snap-on Inc. | New | 0.06% | +0.06 |
| UHS Universal Health Services-B | New | 0.06% | +0.06 |
| OHI Omega Healthcare Investors | New | 0.06% | +0.06 |
| ALSN Allison Transmission Holding | New | 0.06% | +0.06 |
| G Genpact Ltd. | New | 0.06% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 430 | $531.7M | AAPL, JMST, IQLT, NVDA, MSFT |
| Q1 2026 | 279 | $316.4M | AAPL, IQLT, JMST, MSFT, ASST |
| Q4 2025 | 424 | $539.1M | JMST, AAPL, JAAA, SMLR, MSFT |
| Q3 2025 | 365 | $510.1M | JMST, SMLR, AAPL, JAAA, MSFT |
| Q2 2025Amended | 280 | $432.9M | SMLR, JMST, JAAA, AAPL, IQLT |
| Q1 2025 | 269 | $356.8M | SMLR, AAPL, JMST, IQLT, MSFT |
| Q4 2024 | 247 | $275.5M | IQLT, AAPL, JMST, VTV, MSFT |
| Q3 2024 | 260 | $281.3M | IQLT, AAPL, MSFT, VTV, IVV |
| Q2 2024 | 264 | $271.9M | IQLT, AAPL, MSFT, JPST, VTV |
| Q1 2024 | 167 | $148.3M | IQLT, VTV, IVV, IEFA, VLUE |