Exchange Bank Portfolio Shifts: Technology Focus & Municipal Bond Adjustments in Q2 2026
Exchange Bank's portfolio analysis for Q1-Q2 2026 (as of June 30, 2026) shows notable additions to Technology and International sectors alongside reductions in certain fixed income holdings.
As part of its regular review process, Exchange Bank has disclosed changes to its investment portfolio covering the period from January to June 2026. The bank's holdings reflect a mix of stock purchases and divestments across various asset classes.
The investor appears to have focused on Technology this quarter, evidenced by adding shares in several prominent companies:
- APPLE INC (AAPL) saw a slight reduction (-1.2%) but remains a core holding.
- MICROSOFT CORP (MSFT) also experienced a small decrease in shares (-2.75%).
- ALPHABET INC DEP SHS (GOOGL) decreased slightly by 2.42%.
- BANK OF AMERICA CORP (BAC), while listed under Financial Services, showed a significant increase in holdings (+54.15%) according to the change data.
Conversely, Exchange Bank divested from certain sectors:
- CATERPILLAR INC (CAT), a key player in Industrials, remained unchanged (-0%) according to the change data.
- JOHNSON & JOHNSON (JNJ) saw its shares decrease by 3.04%.
- PFIZER INC (PFE) experienced a reduction of -8.95% in the change data.
The most significant buying activity during this period involved several fixed income and international holdings:
- APPLE INC (AAPL) was a notable addition, increasing its stake by 2.42%.
- The Vanguard Total Stock Market ETF (VTI) also saw substantial growth (+19.93%) in the change data.
- ABBVIE INC (ABBV) showed a massive increase of +91.01% according to the change data, indicating strong interest despite its small allocation.
Selling activity was less pronounced overall:
- ISHARES NATIONAL AMT-FREE MUNI (MUB) experienced a significant reduction (-16.83%) in the change data.
- The Vanguard Short-Term Corp Bond ETF (VCSH) saw an increase (+40.48%), while other bond holdings like MUB and the Vanguard Total Bond Market ETF (AGG) decreased according to their change percentages.
- COLGATE-PALMOLIVE CO (CL) showed a 100% increase in shares, but its allocation remained small at 0.23%.
In summary, Exchange Bank's portfolio adjustments this quarter reflect strategic shifts towards certain Technology names and fixed income ETFs while reducing exposure to specific sectors like Industrials (CAT) and Healthcare (PFE). The bank's holdings can be explored in more detail on the Exchange Bank investor profile page.