Exchange Capital Management

Exchange Capital Management as of March 31, 2012

Portfolio Holdings for Exchange Capital Management

Exchange Capital Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

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                                                               VALUE    SHARES  SH/PUT/INVSTMT OTHER     VOTING AUTHORITY
NAME OF ISSUER                       TITLE OF CLASS  CUSIP     (x$1000) PRN AMT PRNCALLDSCRETN MANAGERS SOLE   SHARED NONE
--------------------------           --------------  --------  -------- ------- ------ ------  -------- ----   ------ ----
Abbott Labs                          COM             002824100      2416   39426SH     SOLE               39166      0   260
Agrium Inc.                          COM             008916108      2622   30355SH     SOLE               30175      0   180
Alcoa Inc                            COM             013817101         3     300SH     SOLE                 300      0     0
Alcatel-Lucent Spon ADR              SPON ADR        013904305         0      19SH     SOLE                  19      0     0
AmazonCom                            COM             023135106        19      95SH     SOLE                  95      0     0
American Express Co                  COM             025816109      2105   36372SH     SOLE               36142      0   230
Amgen Inc                            COM             031162100      2316   34069SH     SOLE               33889      0   180
Analog Devices Inc                   COM             032654105        40    1000SH     SOLE                1000      0     0
Annaly Mortgage Management Inc.      COM             035710409        18    1136SH     SOLE                 136      0  1000
Apache Corp                          COM             037411105      2619   26080SH     SOLE               25910      0   170
Apple Inc.                           COM             037833100       298     497SH     SOLE                 475      0    22
Applied Materials Inc                COM             038222105      1387  111432SH     SOLE              110602      0   830
Archer Daniels Midland Co            COM             039483102      2535   80060SH     SOLE               79560      0   500
Bank of Montreal USA                 COM             063671101         2      35SH     SOLE                  35      0     0
Berkshire Hathaway Cl B              CL B NEW ADDED  084670702      2323   28620SH     SOLE               28450      0   170
BHP Billiton Ltd - Spon ADR          SPONSORED ADR   088606108      2076   28679SH     SOLE               28519      0   160
Bristol-Myers Squibb Co              COM             110122108         3      81SH     SOLE                  81      0     0
CBL & Assoc. Properties              COM             124830100         2     128SH     SOLE                 128      0     0
CMS Energy                           COM             125896100        52    2379SH     SOLE                2379      0     0
CVS Caremark Corp                    COM             126650100      2546   56823SH     SOLE               56383      0   440
Canadian National Railway            COM             136375102      3293   41453SH     SOLE               41233      0   220
Caterpillar Inc                      COM             149123101        16     150SH     SOLE                 150      0     0
Celgene Corporation                  COM             151020104         8     100SH     SOLE                 100      0     0
CenturyLink Inc.                     COM             156700106         2      65SH     SOLE                  65      0     0
Cerner Corp                          COM             156782104      2302   30230SH     SOLE               30030      0   200
Chevron Corp                         COM             166764100        63     589SH     SOLE                 589      0     0
Coca-Cola Co                         COM             191216100        15     199SH     SOLE                 120      0    79
Cognizant Technology Solutions Corp. CL A            192446102        25     320SH     SOLE                 320      0     0
Comerica Inc                         COM             200340107         0      10SH     SOLE                  10      0     0
Comverse Technology Inc              COM PAR $0.10   205862402        41    6000SH     SOLE                   0      0  6000
Deere & Co                           COM             244199105        28     350SH     SOLE                 350      0     0
Delta Air Lines Inc New              COM NEW         247361702         8     854SH     SOLE                   0      0   854
DeVry Inc.                           COM             251893103      1565   46195SH     SOLE               45925      0   270
Digital Realty Trust Inc.            COM             253868103         3      37SH     SOLE                  37      0     0
Walt Disney Co                       COM DISNEY      254687106      2873   65633SH     SOLE               65223      0   410
Enterprise Products Part.            COM             293792107         3      54SH     SOLE                  54      0     0
Expeditors International of WashingtoCOM             302130109      2577   55403SH     SOLE               55073      0   330
Express Scripts Holding Co.          COM             302182100        92    1700SH     SOLE                1700      0     0
Firstenergy Corp                     COM             337932107         2      54SH     SOLE                  54      0     0
Ford Motor Co                        COM PAR $0.01   345370860       190   15239SH     SOLE               15239      0     0
Franklin Res Inc                     COM             354613101      1926   15528SH     SOLE               15448      0    80
General Electric Co                  COM             369604103        49    2463SH     SOLE                2463      0     0
Harris Corporation                   COM             413875105      2176   48280SH     SOLE               47980      0   300
Heinz (HJ)                           COM             423074103         2      43SH     SOLE                  43      0     0
Hologic, Inc.                        COM             436440101        71    3288SH     SOLE                3288      0     0
Icahn Enterprises LP                 LP DEPOSITARY UN451100101         8     179SH     SOLE                 179      0     0
Ilumina Inc.                         COM             452327109        11     200SH     SOLE                   0      0   200
Infosys Technologies -Spon ADR       SPONSORED ADR   456788108        31     550SH     SOLE                 550      0     0
Intel Corp                           COM             458140100        42    1508SH     SOLE                1508      0     0
IBM Corp                             COM             459200101       111     530SH     SOLE                 530      0     0
iShares MSCI Brazil                  MSCI BRAZIL     464286400      2267   35065SH     SOLE               34775      0   290
iShares MSCI Singapore               MSCI SINGAPORE  464286673      2255  174935SH     SOLE              173935      0  1000
iShares MSCI Japan Index Fund        MSCI JAPAN      464286848        22    2150SH     SOLE                2150      0     0
iShares S^P 100 Index Fund           S^P 100 IDX FD  464287101       651   10164SH     SOLE                9564      0   600
iShares Morningstar Core Index       LRGE CORE INDX  464287127      2307   28784SH     SOLE               27809      0   975
iShares Barclays TIP Bond Fund       US TIPS BD FD   464287176      5392   45827SH     SOLE               45492      0   335
iShares FTSE/Xinhua China 25 Index FuFTSE XNHUA IDX  464287184        19     520SH     SOLE                 520      0     0
iShares Lehman Aggregate Bond Fund   AGG BND         464287226        42     386SH     SOLE                 341      0    45
iShares MSCI Emerging Markets Index  MSCI EMERG MKT  464287234      3521   81998SH     SOLE               81094      0   904
iShares Investop Corporate Bond Fund IBOXX INV CPBD  464287242       296    2561SH     SOLE                2561      0     0
iShares S^P Global Energy  Sector IndS^P GBL ENER    464287341        25     625SH     SOLE                 625      0     0
iShares Lehman 1-3 Year Treasury BondBARCLYS 1-3 YR  464287457         2      25SH     SOLE                  25      0     0
iShares MSCI EAFE Index Fund         MSCI EAFE IDX   464287465      2557   46577SH     SOLE               46027      0   550
iShares Russell Midcap Index         RUSSELL MIDCAP  464287499        10      94SH     SOLE                  94      0     0
iShares NASDAQ Biotechnology Index FuNASDQ BIO INDX  464287556         8      65SH     SOLE                  65      0     0
iShares Russell 1000/Value           RUSSELL1000VAL  464287598        67     952SH     SOLE                 952      0     0
iShares S^P Midcap 400/ Growth       S^P MC 400 GRW  464287606       994    8838SH     SOLE                8583      0   255
iShares Russell 1000 Growth          RUSSELL1000GRW  464287614        76    1147SH     SOLE                1147      0     0
iShares S^P Midcap 400/ Value        S^P MIDCP VALU  464287705        14     160SH     SOLE                 160      0     0
iShares DJ US Telecommunications     DJ US TELECOMM  464287713         3     140SH     SOLE                 140      0     0
iShares S^P SM Cap 600 Index FD      S^P SMLCAP 600  464287804      3189   41793SH     SOLE               41237      0   556
iShares S^P Smallcap 600/Value       S^P SMLCP VALU  464287879        14     180SH     SOLE                 180      0     0
iShares S^P Smallcap 600/Growth      S^P SMLCP GROW  464287887        17     200SH     SOLE                 200      0     0
iShares Barclays Agency Bond Fund    AGENCY BD FD    464288166      1142   10135SH     SOLE               10090      0    45
iShares JP Morgan USD Emerging MarketJPMORGAN USD    464288281       196    1736SH     SOLE                1736      0     0
iShares S^P Global Infrastrucure IndxS^P GLO INFRAS  464288372       537   15160SH     SOLE               14800      0   360
iShares iBoxx $ High Yield Corporate HIGH YLD CORP   464288513        67     743SH     SOLE                 743      0     0
iShares Intermediate Gov't/Credit    BARCLYS INTER GV464288612       342    3077SH     SOLE                3057      0    20
iShares Barclays Intermediate Credit BARCLYS INTER CR464288638      2832   26022SH     SOLE               25827      0   195
iShares Barclays 1-3 Year Credit BondBARCLYS 1-3YR CR464288646         4      41SH     SOLE                  41      0     0
iShares Barclays 3-7 Year Treasury BoBARCLYS 3-7 YR  464288661      1362   11248SH     SOLE               11220      0    28
iShares S^P Global Materials         S^P GLB MTRLS   464288695       507    8033SH     SOLE                7853      0   180
Johnson & Johnson                    COM             478160104      2732   41414SH     SOLE               41174      0   240
Kaiser Alum Corp                     COM PAR $0.01   483007704         9     201SH     SOLE                 201      0     0
Kinder Morgan Energy Partners LP     UT LTD PARTNER  494550106         3      32SH     SOLE                  32      0     0
LSI Logic Corp                       COM             502161102         0       4SH     SOLE                   4      0     0
L-3 Communications Holdings          COM             502424104      1929   27255SH     SOLE               27065      0   190
Eli Lilly And Co                     COM             532457108         3      62SH     SOLE                  62      0     0
Linear Technology Corp               COM             535678106      2561   75981SH     SOLE               75451      0   530
Lorillard Inc.                       COM             544147101         3      22SH     SOLE                  22      0     0
McDonalds Corp                       COM             580135101      2956   30134SH     SOLE               29954      0   180
Microsoft Corp                       COM             594918104      2542   78805SH     SOLE               78315      0   490
National Oilwell Varco Inc.          COM             637071101      2635   33152SH     SOLE               32952      0   200
Occidental Petroleum Corp            COM             674599105        95    1000SH     SOLE                1000      0     0
Oceaneering Intl Inc                 COM             675232102      3213   59621SH     SOLE               59221      0   400
Patterson Companies Inc              COM             703395103      1868   55915SH     SOLE               55605      0   310
Pepsico Inc                          COM             713448108      2460   37070SH     SOLE               36870      0   200
Philip Morris International Inc.     COM             718172109      3305   37302SH     SOLE               37052      0   250
Plains All Amer Pipeline LP          UNIT LTD PARTN  726503105         3      32SH     SOLE                  32      0     0
Prudential Financial, Inc            COM             744320102         1      17SH     SOLE                  17      0     0
Qualcomm Inc                         COM             747525103      3616   53126SH     SOLE               52796      0   330
Rentech Nitrogen Partners            COM UNIT ADDED  760113100         6     200SH     SOLE                   0      0   200
Royal Dutch Shell Cl B ADR           SPON ADR B      780259107         2      31SH     SOLE                  31      0     0
Royal Dutch Shell PLC-ADR A          SPONS ADR A     780259206        28     405SH     SOLE                 405      0     0
Spectra Energy Corp                  COM             847560109      2816   89270SH     SOLE               88680      0   590
Stryker Corp                         COM             863667101        10     180SH     SOLE                 180      0     0
Sysco Corp                           COM             871829107      2413   80808SH     SOLE               80378      0   430
Teco Energy Corp                     COM             872375100         5     310SH     SOLE                 310      0     0
Telefonica Spain - Spon ADR          SPONSORED ADR   879382208      1607   97950SH     SOLE               97302      0   648
Teva Pharmaceutical Industries Ltd -ASPONSORED ADR   881624209      2322   51524SH     SOLE               51184      0   340
Unilever N V - Spon ADR              SHS NEW         904784709         6     180SH     SOLE                 180      0     0
United Technologies Corp             COM             913017109      3146   37931SH     SOLE               37701      0   230
Vanguard Total Stock Market VIPERs   STK MRK VIPERS  922908769        72    1000SH     SOLE                1000      0     0
Wells Fargo Company                  COM             949746101      2328   68191SH     SOLE               67701      0   490
Travelers Group                      COM             89417e109        50     846SH     SOLE                 846      0     0
AT^T Inc.                            COM             00206R102        17     553SH     SOLE                 553      0     0
Altria Group Inc                     COM             02209S103        91    2957SH     SOLE                2957      0     0
America Movil SAB de C.V. Spon ADR   SPON ADR L SHS  02364W105         9     353SH     SOLE                 353      0     0
BlackRock, Inc.                      COM             09247x101      2600   12687SH     SOLE               12607      0    80
Cisco Sys Inc                        COM             17275r102      1360   64292SH     SOLE               63892      0   400
Comcast Corp Cl A                    CL A            20030N101         1      48SH     SOLE                  48      0     0
Cushing Rty & Income Fd Com Sh Ben InCOM             23164R104        25    1000SH     SOLE                   0      0  1000
PowerShares DB Gold Double Short     PS GOLD DS ETN  25154h756         4     762SH     SOLE                 762      0     0
Diamond Offshore Drilling            COM             25271C102         2      33SH     SOLE                  33      0     0
Dominion Resources Company           COM             25746U109         2      47SH     SOLE                  47      0     0
Domino's Pizza                       COM             25754a201        11     300SH     SOLE                 300      0     0
Echo Global Logistice, Inc.          COM             27875T101         3     158SH     SOLE                 158      0     0
Exelon Corp                          COM             30161N101         4     100SH     SOLE                 100      0     0
Exxon Mobil Corp                     COM             30231G102      2941   33907SH     SOLE               33677      0   230
Fedex Corp                           COM             31428X106         9     100SH     SOLE                 100      0     0
Financial Federal Corp               COM ADDED       33738C103        21    1000SH     SOLE                   0      0  1000
Freeport-Mcmoran Copper & Gold Inc   COM             35671D857        57    1500SH     SOLE                1500      0     0
Frontier Communications Corp         COM             35906A108         0      32SH     SOLE                  32      0     0
Fusion-Io Inc                        COM             36112J107        49    1742SH     SOLE                1742      0     0
General Motors Corp                  COM             37045v100         3     100SH     SOLE                 100      0     0
The Goldman Sachs Group, Inc         COM             38141g104         4      30SH     SOLE                  30      0     0
Google Inc.                          CL A            38259p508      2795    4359SH     SOLE                4326      0    33
Hatteras Financial Corporation       COM             41902R103        28    1000SH     SOLE                   0      0  1000
Alere Inc.                           COM             46126P106         2      77SH     SOLE                  77      0     0
iShares S^P International Preferred SINT PFD STK FD  46429B135        67    2560SH     SOLE                2560      0     0
JP Morgan Chase & Co                 COM             46625H100      2386   51882SH     SOLE               51533      0   349
KT Corp SP Adr                       SPONSORED ADR   48268K101         6     408SH     SOLE                 408      0     0
Kraft Foods Inc                      INC CL A        50075N104        85    2246SH     SOLE                2246      0     0
Marathon Petroleum Corp              COM             56585A102        39     900SH     SOLE                 900      0     0
Merck & Co., Inc.                    COM             58933Y105        14     365SH     SOLE                 365      0     0
Nuveen Mortgage Opportunity Term Fd 2COM             67074r100         6     250SH     SOLE                 250      0     0
Powershares DB Commodity Index       CMDTY IDX TRA   73935S105        19     647SH     SOLE                 307      0   340
PowerShares Dynamic Lg Cap Gr PortfolDYNM LRG CP GR  73935x609      1862  100060SH     SOLE               96625      0  3435
PowerShares Aero & Defense           AERSPC DEF PTF  73935x690        13     650SH     SOLE                 650      0     0
Powershares Dynamic Large Cap Value  DYNM LRG CP VL  73935X708      1822   87547SH     SOLE               84517      0  3030
PowerShares Developed Markets LeadersDWA DEVEL MKTS  73936q108       386   19785SH     SOLE               19525      0   260
PowerShares FTSE RAFI Developed Mkts DEV MKTS EX-US  73936t789       360   10060SH     SOLE                9855      0   205
Powershares Build America Bond PortfoETF             73937b407      1407   48428SH     SOLE               48178      0   250
S^P 500 Dep Receipt                  UNIT SER 1      78462F103      1978   14048SH     SOLE               13372      0   676
streetTRACKS Gold Trust              GOLD SHS        78463v107        98     605SH     SOLE                 605      0     0
SPDR MSCI ACWI EX-US                 MSCI ACWI EXUS  78463X848       442   14049SH     SOLE               13205      0   844
SPDR Barclays Capital High Yield BondBRCLYS YLD ETF  78464a417      5354  135981SH     SOLE              133611      0  2370
SPDR Series Trust Barclays Intl      BRCLYS INTL ETF 78464A516        13     209SH     SOLE                 209      0     0
SPDR DJ Wilshire Total Market        TOTAL MKT       78464A805       243    2314SH     SOLE                2279      0    35
SPDR DJIA Trust                      ETF UT SER 1    78467X109         2      14SH     SOLE                   0      0    14
SPDR S^P Midcap 400 ETF Trus         ETF TR UTSER1 S^78467Y107       931    5152SH     SOLE                4967      0   185
Materials Select Sector SPDR         SBI MATERIALS   81369Y100         9     250SH     SOLE                 250      0     0
Health Care Select Sector SPDR       SBI HEALTHCARE  81369Y209      1007   26780SH     SOLE               25970      0   810
Consumer Staples SPDR                SBI CONS STPLS  81369Y308       580   17025SH     SOLE               16495      0   530
Energy Select Sector SPDR            SBI INT-ENERGY  81369Y506      1293   18026SH     SOLE               17521      0   505
Industrial Select Sector SPDR        SBI INT-INDS    81369Y704         7     200SH     SOLE                 200      0     0
Technology Select Sector SPDR        SBI INT-TECH    81369Y803       599   19865SH     SOLE               19285      0   580
Utilities Select Sector SPDR         SBI INT-UTILS   81369Y886        20     580SH     SOLE                 580      0     0
Sirius XM Radio Inc.                 COM             82967N108         1     430SH     SOLE                 430      0     0
Sunrise Assisted Living Inc          COM             86768K106         1     230SH     SOLE                 230      0     0
Tortoise Power and Energy            COM             89147X104        26    1006SH     SOLE                   0      0  1006
Unitedhealth Group Inc.              COM             91324P102      2790   47344SH     SOLE               47124      0   220
Valero Energy Corp                   COM             91913Y100      2172   84300SH     SOLE               83800      0   500
Vanguard Health Care                 HEALTH CAR ETF  92204A504        24     350SH     SOLE                 350      0     0
Verizon Communications Inc           COM             92343V104      2759   72173SH     SOLE               71783      0   390
Visa Inc.                            CL A            92826C839      3561   30175SH     SOLE               29975      0   200
Vodafone Group PLC -Spon ADR         SPONSORED ADR   92857W209         0       8SH     SOLE                   8      0     0
Williams Partners L.P.               COM UNIT L P    96950F104         2      43SH     SOLE                  43      0     0
Windstream Corporation               COM             97381W104        10     874SH     SOLE                 874      0     0
WisdomTree Emerging Mkts Small Cap DiEMG MKTS SMCAP  97717w281      1901   39510SH     SOLE               39280      0   230
WisdomTree India Earnings Fund       INDIA ERNGS FD  97717w422      1778   92210SH     SOLE               91640      0   570