Q3 2026 13F · SEC CIK 2001155

Exchange Bank

Bank & trustFiled 2026-10-07 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $161.6M
Reported positions: 129
Top holdings a year, 3 yrs: +13.0%
Average holding period: 3.2 yrs

Exchange Bank is a bank & trust that reported 129 positions worth $161.6M in its Q3 2026 13F, filed 2026-10-07. Its largest holdings were Apple Inc (AAPL, 5.5%), Johnson & Johnson (JNJ, 4.2%), Caterpillar Inc (CAT, 3.8%). A portfolio copying its top holdings returned 13.0% a year over the last 3 years, against 18.8% for the S&P 500.

Exchange Bank holdings largest 50 of 129 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Exchange Bank 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
AAPLApple Inc	5.5%	5.1%	26,901	-4.6%	$9.0M
JNJJohnson & Johnson	4.2%	4.2%	25,823	-3.6%	$6.8M
CATCaterpillar Inc	3.8%	5.0%	7,561	+1.2%	$6.1M
VTIVanguard Index Fds	3.6%	3.1%	15,462	+15.7%	$5.8M
MSFTMicrosoft Corp	3.0%	2.2%	9,552	-1.1%	$4.9M
CVXChevron Corporation	2.8%	2.3%	22,537	+2.0%	$4.6M
MUBIshares Tr	2.8%	2.9%	45,151	+5.4%	$4.6M
XOMExxonmobil Holdings Corp	2.4%	—	24,017	—	$3.9M
JPMJpmorgan Chase & Co	2.2%	2.2%	10,686	-1.6%	$3.5M
PGProcter & Gamble Co	2.1%	2.1%	23,159	-0.1%	$3.4M
GOOGLAlphabet Inc	2.1%	2.2%	9,674	-2.7%	$3.3M
BNDVanguard Bd Index Fds	2.0%	2.1%	47,027	+1.9%	$3.3M
WMTWalmart Inc	1.8%	2.0%	28,389	+0.2%	$3.0M
NVDANvidia Corporation	1.7%	1.5%	12,332	-0.3%	$2.8M
AGGIshares Tr	1.7%	2.3%	29,743	-19.7%	$2.8M
KOCoca Cola Co	1.6%	1.6%	30,888	-0.3%	$2.7M
VCSHVanguard Scottsdale Fds	1.6%	1.3%	34,169	+26.0%	$2.6M
VEAVanguard Ftse Developed Markets Index Fu	1.6%	1.4%	36,624	+17.3%	$2.6M
IBMInternational Business Machs	1.6%	2.0%	11,496	+0.1%	$2.5M
UNPUnion Pac Corp	1.6%	1.6%	9,248	-1.3%	$2.5M
IJHIshares Tr	1.5%	1.6%	32,725	-0.4%	$2.4M
BRK-ABerkshire Hathaway Inc Del	1.4%	1.4%	3	+0.0%	$2.2M
SCHBSchwab Strategic Tr	1.4%	1.4%	75,250	-0.6%	$2.2M
GOOGAlphabet Inc	1.3%	1.4%	6,396	+0.0%	$2.2M
VWOVanguard Intl Equity Index F	1.3%	1.2%	35,646	+14.3%	$2.1M
MRKMerck & Co Inc	1.3%	1.1%	14,330	-0.2%	$2.1M
AMZNAmazon Com Inc	1.2%	1.1%	7,637	-0.8%	$1.9M
PMPhilip Morris Intl Inc	1.2%	1.1%	9,958	-0.5%	$1.9M
TXNTexas Instrs Inc	1.2%	1.3%	6,779	+0.0%	$1.9M
IAGGIshares Tr	1.1%	1.1%	37,288	+8.1%	$1.8M
BMYBristol-Myers Squibb Co	1.1%	1.1%	29,306	+0.0%	$1.8M
SPYState Str Spdr S&p 500 ETF T	1.0%	1.0%	2,112	-4.6%	$1.6M
TGTTarget Corp	1.0%	0.8%	10,018	+0.0%	$1.6M
NSCNorfolk Southn Corporation	1.0%	1.0%	5,026	-1.0%	$1.6M
ADPAutomatic Data Processing in	0.9%	0.8%	5,689	+0.0%	$1.5M
QUALIshares Tr	0.9%	0.6%	6,343	+40.4%	$1.4M
SPHYSpdr Series Trust	0.8%	0.7%	58,565	+16.2%	$1.3M
LLYEli Lilly & Co	0.8%	0.8%	1,064	-2.5%	$1.2M
GEGe Aerospace	0.7%	0.9%	3,819	+0.0%	$1.2M
GLGlobe Life Inc	0.7%	0.8%	6,750	+0.0%	$1.1M
ABBVAbbvie Inc	0.7%	0.6%	4,093	-1.3%	$1.1M
MRSHMarsh & Mclennan Cos	0.7%	0.6%	6,164	+0.0%	$1.1M
VYMVanguard Whitehall Fds	0.6%	—	6,673	—	$1.0M
BNYBank of Ny Mellon Corp	0.6%	0.7%	7,046	-4.2%	$1.0M
NEENextera Energy Inc	0.6%	0.7%	13,406	-2.1%	$1.0M
AVDVAmerican Centy ETF Tr	0.6%	—	9,239	—	$1.0M
IGSBIshares Tr	0.6%	0.6%	19,274	+0.0%	$987K
GEVGe Vernova Inc	0.6%	0.7%	954	-0.2%	$907K
METAMeta Platforms Inc	0.6%	—	1,248	—	$905K
BRK-BBerkshire Hathaway Inc Del	0.6%	—	1,801	—	$897K

What Exchange Bank bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

QUAL Ishares Tr+40.4% shares
VCSH Vanguard Scottsdale Fds+26.0% shares
VEA Vanguard Ftse Developed Markets Index Fu+17.3% shares
SPHY Spdr Series Trust+16.2% shares
VTI Vanguard Index Fds+15.7% shares
VWO Vanguard Intl Equity Index F+14.3% shares
IAGG Ishares Tr+8.1% shares
MUB Ishares Tr+5.4% shares

Reduced

AGG Ishares Tr-19.7% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +21.1% /yr; S&P 500 +20.1%
3 years: +13.0% /yr; S&P 500 +18.8%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$161.6M	129
Q2 2026	$160.6M	130
Q1 2026	$144.3M	117
Q4 2025	$144.6M	121
Q3 2025	$144.1M	124
Q2 2025	$126.4M	120
Q1 2025	$124.0M	113
Q4 2024	$124.4M	112
Q3 2024	$122.3M	114
Q2 2024	$117.7M	109
Q1 2024	$121.7M	114
Q4 2023	$115.4M	108

Questions about Exchange Bank's portfolio

What stocks does Exchange Bank own?

Exchange Bank's latest 13F, for Q3 2026 and filed Oct 7, 2026, lists 129 positions worth $161.6M. The largest are Apple Inc (AAPL) at 5.5%, Johnson & Johnson (JNJ) at 4.2%, Caterpillar Inc (CAT) at 3.8%, Vanguard Index Fds (VTI) at 3.6% and Microsoft Corp (MSFT) at 3.0%.

What did Exchange Bank buy last quarter?

In Q3 2026, Exchange Bank added Ishares Tr (QUAL) (+40.4% shares), Vanguard Scottsdale Fds (VCSH) (+26.0% shares) and Vanguard Ftse Developed Markets Index Fu (VEA) (+17.3% shares), compared with its Q2 2026 filing.

What did Exchange Bank sell last quarter?

In Q3 2026, Exchange Bank cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Cisco Sys Inc (CSCO), cut from its top 50 Altria Group Inc (MO), cut from its top 50 Home Depot Inc (HD), cut from its top 50 Broadcom Inc (AVGO) and Ishares Tr (AGG) (-19.7% shares), compared with its Q2 2026 filing.

How has Exchange Bank's portfolio performed?

A portfolio copying Exchange Bank's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.0% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +21.1% against +20.1%.

When is Exchange Bank's next 13F filing due?

13F filings are due 45 days after each quarter ends. Exchange Bank's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.