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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Exchange Capital Management, Inc.

Quarter ended Q2 2023 · Filed May 3, 2023 · Accession 0001104659-23-055337

Total Value
$492.5M
Positions
169
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (169)

#IssuerTicker / CUSIPSharesValue% of Filing
1Microsoft CorpMSFT74,953$21.6M4.39%
2WisdomTree Dynamic Ccy Hdgd Intl Eq ETFWT486,989$15.1M3.06%
3Alphabet Inc. CL AGOOG128,277$13.3M2.70%
4Vanguard Sector Index Fds Vanguard Information Tec92204A70233,659$13.0M2.63%
5Berkshire Hathaway IncBRK-A40,745$12.6M2.55%
6iShares Core S&P Small-Cap464287804125,623$12.1M2.47%
7Amazon.com IncAMZN106,218$11.0M2.23%
8SPDR(R) S&P MidCap 400 ETFMDY23,276$10.7M2.17%
9BlackRock IncBLK14,483$9.7M1.97%
10Salesforce.com IncCRM46,653$9.3M1.89%
11KLA-Tencor CorpKLAC22,330$8.9M1.81%
12iShares Core S&P Mid-Cap46428750734,972$8.7M1.78%
13iShares Core US Aggregate Bond46428722684,512$8.4M1.71%
14Invesco BulletShares 2023 Corp Bd ETFIVZ385,313$8.1M1.65%
15iShares Currency Hedged MSCI EAFE46434V803270,411$8.0M1.62%
16ServiceNow IncNOW14,762$6.9M1.39%
17Merck & Co IncMRK64,282$6.8M1.39%
18Vanguard Financials ETF92204A40586,200$6.7M1.36%
19Emerson Electric CoEMR71,401$6.2M1.26%
20Schwab US Mid-Cap ETF(TM)80852450890,766$6.2M1.25%
21Vanguard Health Care ETF92204A50425,070$6.0M1.21%
22Schwab US Large-Cap ETF(TM)808524201118,187$5.7M1.16%
23Fidelity(R) MSCI Information Tech ETF31609280849,964$5.7M1.16%
24Walt Disney Co25468710656,640$5.7M1.15%
25Comcast CorpCCZ147,612$5.6M1.14%
26Vanguard Consumer Discretionary ETF92204A10821,959$5.5M1.13%
27Home Depot IncHD18,592$5.5M1.11%
28Biogen Idec IncBIIB19,692$5.5M1.11%
29Starbucks CorpSBUX47,977$5.0M1.01%
30Procter & Gamble Co74271810933,182$4.9M1.00%
31Guidewire Software IncGWRE59,701$4.9M0.99%
32PepsiCo IncPEP26,517$4.8M0.98%
33Vanguard Telecommunication Services ETF92204A88449,750$4.8M0.98%
34Veeva Systems IncVEEV26,162$4.8M0.98%
35JPMorgan Chase & CoVYLD36,499$4.8M0.97%
36Visa IncV20,614$4.6M0.94%
37Johnson & JohnsonJNJ29,376$4.6M0.92%
38Amgen IncAMGN18,813$4.5M0.92%
39Vanguard Industrials ETF92204A60322,754$4.3M0.88%
40Schwab US Small-Cap ETF(TM)808524607101,979$4.3M0.87%
41Invesco BulletShares 2024 Corp Bd ETFIVZ207,328$4.3M0.87%
42Microchip Technology IncMCHPP48,292$4.0M0.82%
43Exxon Mobil CorporationXOM36,321$4.0M0.81%
44Vanguard Materials ETF92204A80122,228$4.0M0.80%
45Apple IncAAPL23,684$3.9M0.79%
46Raytheon Technologies OrdRTX39,512$3.9M0.79%
47Adobe Systems IncADBE9,807$3.8M0.77%
48Fidelity(R) MSCI Health Care ETF31609260060,737$3.7M0.76%
49Invesco BulletShares 2025 Corp Bd ETFIVZ171,571$3.5M0.71%
50Technology Select Sector SPDR(R) ETF81369Y80322,732$3.4M0.70%
51iShares Short-Term National Muni Bond46428815830,912$3.2M0.66%
52Honeywell International Inc43851610616,895$3.2M0.66%
53McDonald s CorpMCD11,462$3.2M0.65%
54Pfizer IncPFE76,752$3.1M0.64%
55Corteva Inc comCTVA51,127$3.1M0.63%
56Lockheed Martin CorpLMT6,481$3.1M0.62%
57Cheniere Energy IncLNG19,222$3.0M0.62%
58iShares Core MSCI Emerging Markets46434G10361,632$3.0M0.61%
59U.S. BancorpUSB-PS82,313$3.0M0.60%
60PowerShares Build America Bond ETFIVZ106,710$2.9M0.58%
61Gilead Sciences IncGILD34,459$2.9M0.58%
62Vanguard Consumer Staples ETF92204A20714,693$2.8M0.58%
63SPDR(R) S&P 1500 ETF78464A80555,270$2.8M0.57%
64Zimmer Biomet Holdings INCZBH21,374$2.8M0.56%
653M CoMMM25,498$2.7M0.54%
66General Dynamics CorpGD11,673$2.7M0.54%
67Bristol-Myers Squibb CompanyCELG-RI38,256$2.7M0.54%
68Lowe s Companies Inc54866110713,047$2.6M0.53%
69Medtronic IncMDT32,026$2.6M0.52%
70Vanguard Total Stock Market ETF92290876912,499$2.6M0.52%
71SPDR(R) Kensho Clean Power ETF78468R65528,750$2.5M0.51%
72Dominion Resources IncD41,355$2.3M0.47%
73Fidelity(R) MSCI Consumer Discret ETF31609220435,087$2.3M0.47%
74iShares Core S&P 5004642872005,475$2.3M0.46%
75Accenture PLCACN7,661$2.2M0.44%
76Bank of America Corporation06050510469,764$2.0M0.41%
77Valero Energy CorpVLO14,238$2.0M0.40%
78Fidelity(R) MSCI Industrials ETF31609270935,747$1.9M0.38%
79Moody s CorporationMCO6,112$1.9M0.38%
80Fidelity(R) MSCI Financials ETF31609250141,445$1.9M0.38%
81Nike IncNKE14,565$1.8M0.36%
82Vanguard FTSE Emerging Markets ETF92204285844,178$1.8M0.36%
83Invesco BulletShares 2026 Corp Bd ETFIVZ90,594$1.7M0.35%
84INVSC BLTSHRS 2029 CORP BND ETFIVZ94,655$1.7M0.35%
85CMS Energy CorpCMS-PC27,219$1.7M0.34%
86Invesco BulletShares 2028 Corp Bd ETFIVZ83,108$1.7M0.34%
87Lam Research CorpLRCX3,055$1.6M0.33%
88Compass Minerals International IncCOMP45,531$1.6M0.32%
89iShares iBoxx $ Invst Grade Crp Bond46428724214,185$1.6M0.32%
90SPDR(R) Portfolio Mortgage Backed Bond ETF78464A38370,092$1.6M0.32%
91Fidelity(R) MSCI Telecommunication Svc ETF31609287340,963$1.5M0.30%
92Schwab US Aggregate Bond ETF(TM)80852483931,777$1.5M0.30%
93Etsy Inc comETSY13,109$1.5M0.30%
94Invesco BulletShares 2027 Corp Bd ETFIVZ73,610$1.4M0.29%
95Applied Materials Inc03822210511,072$1.4M0.28%
96Coca-Cola CoKO21,192$1.3M0.27%
97iShares iBonds Dec 2023 Term Corporate46434VAX851,870$1.3M0.27%
98Vanguard Utilities ETF92204A8768,765$1.3M0.26%
99Consumer Discret Sel Sect SPDR(R) ETF81369Y4078,563$1.3M0.26%
100Industrial Select Sector SPDR(R) ETF81369Y70411,975$1.2M0.25%
101SPDR(R) S&P 500 ETFSPY2,846$1.2M0.24%
102Union Pacific CorpUNP5,646$1.1M0.23%
103Fidelity(R) MSCI Consumer Staples ETF31609230324,883$1.1M0.23%
104iShares iBonds Dec 2023 Term Muni Bd ETF46435G31843,786$1.1M0.23%
105iShares iBonds Dec 2025 Term Corporate46434VBD143,650$1.1M0.22%
106S&Pglobal Inc ComSPGI2,972$1.0M0.21%
107ASML Holding NVASMLF1,502$1.0M0.21%
108Costco Wholesale Corp22160K1052,038$1.0M0.21%
109Equifax IncEFX4,725$958,4190.19%
110Fidelity(R) MSCI Materials ETF31609288120,930$954,2010.19%
111NextEra Energy IncNEE-PW12,067$930,1240.19%
112Fortinet, Inc.FTNT13,880$922,4650.19%
113iShares iBonds Dec 2024 Term Corporate46434VBG436,830$905,6460.18%
114Roper Industries IncROP2,051$903,8550.18%
115Canadian National Railway Co1363751027,333$865,0740.18%
116Ecolab IncECL5,145$851,6520.17%
117Unilever PLCUNLYF16,367$849,9380.17%
118Schwab US Broad Market ETF(TM)80852410217,721$847,9260.17%
119QCR Holdings IncQCRH18,250$801,3580.16%
120Clorox CoCLX4,946$782,6550.16%
121WisdomTree International Hedged Quality Dividend GWT19,843$782,2110.16%
122Vanguard Small-Cap ETF9229087513,987$755,7760.15%
123Linde plcLIN2,076$737,8930.15%
124Constellation Brands IncSTZ3,157$713,1490.14%
125Chevron CorpCVX4,337$707,6250.14%
126WisdomTree EmMkts ex-Stt-Ownd EntrprsETFWT25,274$703,6310.14%
127SHYFT GROUP ORD82569810330,000$682,5000.14%
128iShares iBonds Dec 2026 Term Corporate46435GAA028,324$672,1250.14%
129Intel CorpINTC20,570$672,0220.14%
130Domino s Pizza IncDPZ1,974$651,1630.13%
131Alphabet Inc. CL CGOOG6,079$632,2160.13%
132Workday IncWDAY2,718$561,3760.11%
133WisdomTree Dyn Ccy Hdgd Intl SmCp Eq ETFWT16,812$530,9170.11%
134Fidelity(R) MSCI Utilities ETF31609286511,386$498,9500.10%
135SPDR(R) S&P Bank ETF78464A79713,166$488,0640.10%
136iShares iBonds Dec 2027 Term Corp ETF46435UAA920,485$487,9590.10%
137DIMENSIONAL U S CORE EQUITY 2 ETF25434V70818,252$465,0610.09%
138Health Care Select Sector SPDR(R) ETF81369Y2093,529$456,8640.09%
139iShares MSCI Emerging Mkts ex China ETF46434G7648,730$430,6510.09%
140CME Group IncCME2,228$426,7070.09%
141Financial Select Sector SPDR(R) ETF81369Y60512,512$402,2610.08%
142Oracle CorporationORCL-PD4,285$398,1620.08%
143Vanguard Total Bond Market ETF9219378355,355$395,3250.08%
144iShares Global Clean Energy46428822419,729$390,2400.08%
145Eli Lilly and CoLLY1,101$378,1050.08%
146Aspen Technology Inc29109X1061,580$361,6150.07%
147Materials Select Sector SPDR(R) ETF81369Y1004,366$352,1620.07%
148Masco CorpMAS7,018$348,9350.07%
149Comerica Inc2003401077,968$345,9710.07%
150AT&T IncT-PC17,486$336,6070.07%
151SPDR(R) Nuveen Barclays ST Muni Bd ETF78468R7397,065$335,9410.07%
152Wal-Mart Stores IncWMT2,084$307,2860.06%
153SPDR(R) Nuveen Blmbg Barclays Muni Bd ETF78468R7216,500$304,3300.06%
154Global X S&P 500(R) Catholic Values ETF37954Y8895,708$286,5420.06%
155Schwab Short-Term US Treasury ETF(TM)8085248625,698$278,0050.06%
156Ishares Tr Ibds Dec28 Etf46435U51510,958$273,2920.06%
157PowerShares QQQ ETFIVZ838$268,7920.05%
158PowerShares Dynamic Large Cap Growth ETFIVZ3,970$257,9950.05%
159Verizon Communications IncVZ6,586$256,1330.05%
160General Electric Co3696043012,663$254,5830.05%
161Stryker CorporationSYK884$252,3550.05%
162Consumer Staples Select Sector SPDR(R) ETF81369Y3083,323$248,2610.05%
163Vanguard Tax-Exempt Bond ETF9229077464,808$243,5730.05%
164Teradyne IncTER2,221$238,7800.05%
165iShares 7-10 Year Treasury Bond4642874402,334$231,3630.05%
166Vanguard Ultra-Short Bond ETF92203C3034,616$227,2920.05%
167Caterpillar IncCAT979$224,0340.05%
168iShares Core S&P Total US Stock Mkt4642871502,394$216,7770.04%
169Vanguard FTSE Developed Markets ETF9219438584,642$209,6790.04%