Interchange Capital Partners, LLC

Other Low signal CIK 1845998
League rank
#723
in Other · #2464 overall
Long book
$316.4M
Q1 2026
Positions
279
Top-10 weight
29%
concentration
Last quarter
+13.3%
SPY +14.8%
Turnover
39%
of book per quarter

Strategy in plain words

auto-generated from filings

Interchange Capital Partners, LLC is an institutional manager, running a $316.4M US long book across 279 positions.

The portfolio is moderately concentrated (top 10 ≈ 29% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, ISHARES MSCI INTERNATIONAL Q, JPM ULTRA-SHORT MUNI INCOME, MICROSOFT CORP, STRIVE INC-A.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+6.1%
Q3 2024
+1.7%
Q4 2024
-2.1%
Q1 2025
+10.1%
Q2 2025
+7.5%
Q3 2025
+1.6%
Q4 2025
-3.0%
Q1 2026
+13.3%

Sector allocation

Technology
38%
Financials
17%
Healthcare
11%
Consumer discretionary
9%
Industrials
9%
Services media
6%
Energy
3%
Consumer staples
2%

Long book by quarter

$148.3M
Q1 2024
$271.9M
Q2 2024
$281.3M
Q3 2024
$275.5M
Q4 2024
$356.8M
Q1 2025
$432.9M
Q2 2025
$510.1M
Q3 2025
$539.1M
Q4 2025
$316.4M
Q1 2026

What does Interchange Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology72.5K$17.2M5.4%-14.4%
MSFT MICROSOFT CORPTechnology24.8K$9.3M2.9%-25.8%
ASST STRIVE INC-AFinancials880.6K$8.8M2.8%New
MDCX MEDICUS PHARMA LTDHealthcare1.7M$6.2M2.0%+4.7%
AMZN AMAZON.COM INCConsumer discretionary25.9K$5.0M1.6%-23.3%
NVDA NVIDIA CORPTechnology38.2K$4.8M1.5%-39.4%
META META PLATFORMS INC-CLASS ATechnology7.5K$4.3M1.4%-18.4%
GOOGL ALPHABET INC-CL ATechnology21.8K$3.9M1.2%-20.2%
JPM JPMORGAN CHASE & COFinancials14.7K$3.8M1.2%-12.6%
TSLA TESLA INCIndustrials12.4K$3.4M1.1%-13.0%
ABBV ABBVIE INCHealthcare15.0K$3.2M1.0%-7.9%
HD HOME DEPOT INCConsumer discretionary7.7K$2.8M0.9%+33.4%
GOOG ALPHABET INC-CL CTechnology16.4K$2.7M0.9%-17.9%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials4.5K$2.3M0.7%-18.3%
V VISA INC-CLASS A SHARESServices media6.6K$2.3M0.7%-12.3%
UNH UNITEDHEALTH GROUP INCFinancials4.3K$2.2M0.7%-37.7%
ABT ABBOTT LABORATORIESHealthcare15.5K$2.0M0.6%-13.4%
MA MASTERCARD INC - AServices media3.2K$1.7M0.5%-15.9%
AVGO BROADCOM INCTechnology8.4K$1.7M0.5%-34.0%
RTX RTX CORPIndustrials12.1K$1.6M0.5%-8.5%
PEP PEPSICO INCConsumer staples11.0K$1.6M0.5%-5.8%
AMAT APPLIED MATERIALS INCTechnology5.6K$1.6M0.5%-12.2%
MPC MARATHON PETROLEUM CORPEnergy11.0K$1.6M0.5%-6.9%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials2$1.6M0.5%Held
SBUX STARBUCKS CORPConsumer discretionary16.3K$1.6M0.5%+3.4%
MS MORGAN STANLEYFinancials12.7K$1.5M0.5%-13.7%
AXP AMERICAN EXPRESS COFinancials5.5K$1.5M0.5%-6.5%
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology4.0K$1.5M0.5%-10.0%
HCA HCA HEALTHCARE INCHealthcare3.8K$1.4M0.4%-19.0%
FICO FAIR ISAAC CORPServices media711$1.3M0.4%-12.4%
NEE NEXTERA ENERGY INCUtilities17.7K$1.3M0.4%+6.3%
CRM SALESFORCE INCTechnology4.8K$1.2M0.4%-8.0%
EQT EQT CORPEnergy22.6K$1.2M0.4%-49.7%
YUM YUM! BRANDS INCConsumer discretionary7.5K$1.2M0.4%-7.5%
SHOP SHOPIFY INC - CLASS ATechnology12.1K$1.2M0.4%-2.4%
NFLX NETFLIX INCServices media2.9K$1.1M0.3%-80.4%
ORCL ORACLE CORPTechnology7.7K$1.1M0.3%-9.4%
LLY ELI LILLY & COHealthcare1.3K$1.1M0.3%-70.5%
CVX CHEVRON CORPEnergy6.1K$1.0M0.3%-60.0%
COST COSTCO WHOLESALE CORPConsumer discretionary1.1K$1.0M0.3%-20.3%
MRK MERCK & CO. INC.Healthcare10.6K$993K0.3%-20.1%
IBM INTL BUSINESS MACHINES CORPTechnology4.0K$982K0.3%-29.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples6.1K$971K0.3%-14.8%
ANET ARISTA NETWORKS INCTechnology10.6K$905K0.3%-11.5%
JNJ JOHNSON & JOHNSONHealthcare4.8K$861K0.3%-22.1%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology9.5K$848K0.3%+14.5%
APP APPLOVIN CORP-CLASS ATechnology2.8K$819K0.3%+10.0%
PNC PNC FINANCIAL SERVICES GROUPFinancials4.5K$796K0.3%-9.6%
ADBE ADOBE INCTechnology2.1K$789K0.2%-10.7%
WMT WALMART INCConsumer discretionary8.2K$788K0.2%-40.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 24, 2026309$316.6M canonicalSEC ↗
Q4 202513F-HRJan 30, 2026424$539.1M canonicalSEC ↗
Q3 202513F-HRNov 12, 2025365$510.1M canonicalSEC ↗
Q2 202513F-HR/ARESTATEMENTJul 31, 2025280$432.9M canonicalSEC ↗
Q2 202513F-HRJul 28, 2025283$452.2M SEC ↗
Q1 202513F-HRApr 30, 2025299$357.0M canonicalSEC ↗
Q4 202413F-HRFeb 11, 2025266$277.3M canonicalSEC ↗
Q3 202413F-HROct 28, 2024283$284.5M canonicalSEC ↗
Q2 202413F-HRJul 31, 2024284$274.2M canonicalSEC ↗
Q1 202413F-HRMay 8, 2024167$148.3M canonicalSEC ↗