ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2023-07-24

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$493.1m reported value +7.3% vs Q1 2023

342positions

37.0%in top 10

22 new 56 added 118 reduced 35 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	126,166	$24.5m4.96%	4.96%	Reduced -1.3k	-1,300 -1.0%
2	STRYKER CORPORATION COM SYK	SYK	72,792	$22.2m4.50%	4.50%	Reduced -2.5k	-2,475 -3.3%
3	MICROSOFT CORP COM MSFT	MSFT	61,511	$20.9m4.25%	4.25%	Added +815	+815 1.3%
4	PALO ALTO NETWORKS INC COM PANW	PANW	81,026	$20.7m4.20%	4.20%	Reduced -1.4k	-1,414 -1.7%
5	BROADCOM INC COM AVGO	AVGO	22,265	$19.3m3.92%	3.92%	Reduced -539	-539 -2.4%
6	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,874	$17.2m3.48%	3.48%	Added +311	+311 1.0%
7	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	54,678	$16.9m3.42%	3.42%	Added +976	+976 1.8%
8	COSTCO WHSL CORP NEW COM COST	COST	27,519	$14.8m3.00%	3.00%	Added +51	+51 0.2%
9	VISA INC COM CL A V	V	56,359	$13.4m2.71%	2.71%	Added +3.3k	+3,315 6.2%
10	MONOLITHIC PWR SYS INC COM MPWR	MPWR	23,525	$12.7m2.58%	2.58%	Reduced -1.8k	-1,791 -7.1%
11	ILLINOIS TOOL WKS INC COM ITW	ITW	50,765	$12.7m2.58%	2.58%	Added +734	+734 1.5%
12	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	12,320	$11.8m2.39%	2.39%	Added +312	+312 2.6%
13	STARBUCKS CORP COM SBUX	SBUX	115,689	$11.5m2.32%	2.32%	Added +2.0k	+1,999 1.8%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	95,281	$11.4m2.31%	2.31%	Added +4.1k	+4,117 4.5%
15	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	97,334	$11.0m2.23%	2.23%	Added +1.6k	+1,554 1.6%
16	ADOBE INC COM ADBE	ADBE	19,182	$9.4m1.90%	1.90%	Reduced -202	-202 -1.0%
17	INTUIT COM INTU	INTU	20,331	$9.3m1.89%	1.89%	Reduced -818	-818 -3.9%
18	VEEVA SYS INC CL A COM VEEV	VEEV	44,304	$8.8m1.78%	1.78%	Added +3.5k	+3,532 8.7%
19	AIR PRODS & CHEMS INC COM APD	APD	28,167	$8.4m1.71%	1.71%	Added +2.7k	+2,727 10.7%
20	LAUDER ESTEE COS INC CL A EL	EL	40,019	$7.9m1.59%	1.59%	Added +7.0k	+7,036 21.3%
21	AMAZON COM INC COM AMZN	AMZN	58,733	$7.7m1.55%	1.55%	Added +5.4k	+5,437 10.2%
22	NVIDIA CORPORATION COM NVDA	NVDA	17,625	$7.5m1.51%	1.51%	Added +1.6k	+1,570 9.8%
23	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	108,857	$7.0m1.41%	1.41%	Reduced -2.7k	-2,733 -2.5%
24	SUNCOR ENERGY INC NEW COM SU	SU	236,303	$6.9m1.41%	1.41%	Added +27.1k	+27,148 13.0%
25	TRACTOR SUPPLY CO COM TSCO	TSCO	31,140	$6.9m1.40%	1.40%	Added +1.0k	+1,020 3.4%
26	BECTON DICKINSON & CO COM BDX	BDX	26,024	$6.9m1.39%	1.39%	Reduced -2.0k	-1,958 -7.0%
27	SERVICENOW INC COM NOW	NOW	12,085	$6.8m1.38%	1.38%	Added +1.3k	+1,253 11.6%
28	HOME DEPOT INC COM HD	HD	20,421	$6.3m1.29%	1.29%	Reduced -715	-715 -3.4%
29	WATSCO INC COM WSO	WSO	16,569	$6.3m1.28%	1.28%	Reduced -185	-185 -1.1%
30	ALPHABET INC CAP STK CL C GOOG	GOOG	47,686	$5.8m1.17%	1.17%	Reduced -435	-435 -0.9%
31	TRANE TECHNOLOGIES PLC SHS TT	TT	29,617	$5.7m1.15%	1.15%	Reduced -241	-241 -0.8%
32	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	4,204	$5.5m1.12%	1.12%	Reduced -101	-101 -2.4%
33	AMERICAN EXPRESS CO COM AXP	AXP	31,496	$5.5m1.11%	1.11%	Reduced -6.5k	-6,496 -17.1%
34	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	23,781	$5.2m1.06%	1.06%	Reduced -693	-693 -2.8%
35	FASTENAL CO COM FAST	FAST	86,087	$5.1m1.03%	1.03%	Reduced -2.6k	-2,574 -2.9%
36	ECOLAB INC COM ECL	ECL	23,708	$4.4m0.90%	0.90%	Reduced -819	-819 -3.3%
37	ISHARES TR MSCI EAFE ETF EFA	EFA	59,053	$4.3m0.87%	0.87%	Unchanged
38	ZSCALER INC COM ZS	ZS	28,839	$4.2m0.86%	0.86%	Added +4.5k	+4,452 18.3%
39	CBRE GROUP INC CL A CBRE	CBRE	51,610	$4.2m0.84%	0.84%	Reduced -3.0k	-3,043 -5.6%
40	MONDELEZ INTL INC CL A MDLZ	MDLZ	53,387	$3.9m0.79%	0.79%	Reduced -1.5k	-1,510 -2.8%
41	ORACLE CORP COM ORCL	ORCL	31,855	$3.8m0.77%	0.77%	Reduced -5.2k	-5,248 -14.1%
42	PEPSICO INC COM PEP	PEP	20,123	$3.7m0.76%	0.76%	Added +413	+413 2.1%
43	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	4,714	$3.4m0.69%	0.69%	Added +2.3k	+2,301 95.4%
44	ISHARES TR RUSSELL 2000 ETF IWM	IWM	15,661	$2.9m0.59%	0.59%	Reduced -2.2k	-2,235 -12.5%
45	DANAHER CORPORATION COM DHR	DHR	12,028	$2.9m0.59%	0.59%	Reduced -829	-829 -6.5%
46	DIGITAL RLTY TR INC COM DLR	DLR	24,793	$2.8m0.57%	0.57%	Added +2.1k	+2,143 9.5%
47	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	16,670	$2.8m0.56%	0.56%	Reduced -2.4k	-2,350 -12.4%
48	ISHARES TR CORE S&P500 ETF IVV	IVV	6,203	$2.8m0.56%	0.56%	Reduced -195	-195 -3.0%
49	ZOETIS INC CL A ZTS	ZTS	15,762	$2.7m0.55%	0.55%	Added +839	+839 5.6%
50	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	27,038	$2.7m0.55%	0.55%	Reduced -600	-600 -2.2%
51	INGERSOLL RAND INC COM IR	IR	40,382	$2.6m0.54%	0.54%	Added +6.7k	+6,655 19.7%
52	NEXTERA ENERGY INC COM NEE	NEE	31,015	$2.3m0.47%	0.47%	Added +12.3k	+12,280 65.5%
53	NEXTIER OILFIELD SOLUTIONS COM FRAC	FRAC	238,750	$2.1m0.43%	0.43%	Added +35.4k	+35,393 17.4%
54	UNITED RENTALS INC COM URI	URI	4,307	$1.9m0.39%	0.39%	Reduced -139	-139 -3.1%
55	SYSCO CORP COM SYY	SYY	24,797	$1.8m0.37%	0.37%	Added +1.7k	+1,733 7.5%
56	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	22,917	$1.7m0.35%	0.35%	Reduced -1.5k	-1,500 -6.1%
57	ESSENTIAL UTILS INC COM WTRG	WTRG	37,005	$1.5m0.30%	0.30%	Added +7.5k	+7,508 25.4%
58	WALMART INC COM WMT	WMT	8,312	$1.3m0.26%	0.26%	Reduced -32	-32 -0.4%
59	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	31,306	$1.3m0.26%	0.26%	Unchanged
60	PROCTER AND GAMBLE CO COM PG	PG	8,125	$1.2m0.25%	0.25%	Reduced -2.8k	-2,769 -25.4%
61	HALLIBURTON CO COM HAL	HAL	36,760	$1.2m0.25%	0.25%	Added +16.5k	+16,525 81.7%
62	ABBOTT LABS COM ABT	ABT	9,494	$1.0m0.21%	0.21%	Reduced -150	-150 -1.6%
63	ABBVIE INC COM ABBV	ABBV	7,646	$1.0m0.21%	0.21%	Reduced -4.6k	-4,612 -37.6%
64	CHEVRON CORP NEW COM CVX	CVX	6,539	$1.0m0.21%	0.21%	Reduced -95	-95 -1.4%
65	VALMONT INDS INC COM VMI	VMI	3,491	$1.0m0.21%	0.21%	Reduced -1.8k	-1,769 -33.6%
66	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	13,270	$1.0m0.20%	0.20%	Reduced -7.1k	-7,059 -34.7%
67	MCGRATH RENTCORP COM MGRC	MGRC	9,507	$879.2k0.18%	0.18%	Added +5.2k	+5,247 123.2%
68	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	34,975	$861.1k0.17%	0.17%	Reduced -2.0k	-2,000 -5.4%
69	EAST WEST BANCORP INC COM EWBC	EWBC	15,564	$821.6k0.17%	0.17%	Reduced -9.9k	-9,869 -38.8%
70	PAYPAL HLDGS INC COM PYPL	PYPL	11,606	$774.5k0.16%	0.16%	Added +7.1k	+7,093 157.2%
71	EMERSON ELEC CO COM EMR	EMR	8,013	$724.3k0.15%	0.15%	Reduced -6.0k	-6,037 -43.0%
72	PROSHARES TR SHORT S&P 500 NE SH	SH	50,660	$703.2k0.14%	0.14%	Added +16.9k	+16,860 49.9%
73	MDU RES GROUP INC COM MDU	MDU	32,580	$682.2k0.14%	0.14%	Reduced -5.8k	-5,787 -15.1%
74	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	27,850	$679.0k0.14%	0.14%	Unchanged
75	S&P GLOBAL INC COM SPGI	SPGI	1,680	$673.5k0.14%	0.14%	Unchanged
76	ISHARES TR IBONDS DEC23 ETF IBONDS DEC23 ETF		25,975	$656.9k0.13%	0.13%	Reduced -5.5k	-5,500 -17.5%
77	EXXON MOBIL CORP COM XOM	XOM	6,104	$654.7k0.13%	0.13%	Added +100	+100 1.7%
78	NASDAQ INC COM NDAQ	NDAQ	12,835	$639.8k0.13%	0.13%	Reduced -11.6k	-11,647 -47.6%
79	FORTIVE CORP COM FTV	FTV	8,484	$634.3k0.13%	0.13%	Unchanged
80	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	9,484	$623.2k0.13%	0.13%	Unchanged
81	JOHNSON & JOHNSON COM JNJ	JNJ	3,650	$604.1k0.12%	0.12%	Reduced -325	-325 -8.2%
82	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$575.6k0.12%	0.12%	Unchanged
83	REVVITY INC COM RVTY	RVTY	4,293	$510.0k0.10%	0.10%	Reduced -2.7k	-2,717 -38.8%
84	RPM INTL INC COM RPM	RPM	5,617	$504.0k0.10%	0.10%	Reduced -2.3k	-2,315 -29.2%
85	ISHARES TR IBONDS DEC2026 IBDR	IBDR	20,975	$492.3k0.10%	0.10%	Unchanged
86	STERICYCLE INC COM SRCL	SRCL	10,000	$464.4k0.09%	0.09%	Unchanged
87	EXPEDITORS INTL WASH INC COM EXPD	EXPD	3,650	$442.1k0.09%	0.09%	Unchanged
88	KAMAN CORP NOTE 3.250% 5/0 KAMN 3.25 05.01.24	KAMN 3.25 05.01.24	440,000	$427.2k0.09%	0.09%	Unchanged
89	RB GLOBAL INC COM RBA	RBA	7,095	$425.7k0.09%	0.09%	New
90	BOOKING HOLDINGS INC COM BKNG	BKNG	155	$418.6k0.08%	0.08%	Unchanged
91	NETFLIX INC COM NFLX	NFLX	941	$414.5k0.08%	0.08%	Reduced -412	-412 -30.4%
92	AMGEN INC COM AMGN	AMGN	1,813	$402.5k0.08%	0.08%	Reduced -784	-784 -30.2%
93	TRANSMEDICS GROUP INC COM TMDX	TMDX	4,778	$401.3k0.08%	0.08%	Reduced -149	-149 -3.0%
94	FREEPORT-MCMORAN INC CL B FCX	FCX	10,000	$400.0k0.08%	0.08%	Unchanged
95	QUANTA SVCS INC COM PWR	PWR	2,014	$395.7k0.08%	0.08%	Unchanged
96	AVIENT CORPORATION COM AVNT	AVNT	9,657	$395.0k0.08%	0.08%	Added +1.1k	+1,125 13.2%
97	PFIZER INC COM PFE	PFE	10,545	$386.8k0.08%	0.08%	Reduced -1.2k	-1,202 -10.2%
98	HUBSPOT INC COM HUBS	HUBS	700	$372.5k0.08%	0.08%	Added +335	+335 91.8%
99	VERISK ANALYTICS INC COM VRSK	VRSK	1,624	$367.1k0.07%	0.07%	Reduced -574	-574 -26.1%
100	STATE STR CORP COM STT	STT	5,000	$365.9k0.07%	0.07%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
CVS HEALTH CORP CVS	CVS	11,000	$817.4k11.0k shares
RITCHIE BROS AUCTIONEERS RBA	RBA	7,118	$400.7k7.1k shares
COSTAR GROUP INC CSGP	CSGP	4,400	$302.9k4.4k shares
SPDR SER TR		1,716	$144.2k1.7k shares
SPDR INDEX SHS FDS GNR	GNR	1,813	$103.5k1.8k shares
GOLDMAN SACHS GROUP INC GS	GS	300	$98.1k300 shares
NUVEEN QUALITY MUNCP INCOME NAD	NAD	7,335	$84.6k7.3k shares
ISHARES TR IAT	IAT	2,160	$77.3k2.2k shares
HEALTHEQUITY INC HQY	HQY	1,050	$61.6k1.1k shares
BOOT BARN HLDGS INC BOOT	BOOT	638	$48.9k638 shares
GRID DYNAMICS HLDGS INC GDYN	GDYN	3,946	$45.2k3.9k shares
CHURCH & DWIGHT CO INC CHD	CHD	501	$44.3k501 shares
ZEBRA TECHNOLOGIES CORPORATI ZBRA	ZBRA	110	$35.0k110 shares
PLANET LABS PBC PL	PL	8,590	$33.8k8.6k shares
ENDAVA PLC DAVA	DAVA	490	$32.9k490 shares
VERICEL CORP VCEL	VCEL	1,000	$29.3k1.0k shares
ISHARES TR IGF	IGF	591	$28.2k591 shares
SPIRIT AEROSYSTEMS HLDGS INC SPR	SPR	814	$28.1k814 shares
HUNTINGTON BANCSHARES INC HBAN	HBAN	2,200	$24.6k2.2k shares
GLOBANT S A GLOB	GLOB	145	$23.8k145 shares
NORTHROP GRUMMAN CORP NOC	NOC	50	$23.1k50 shares
NUTRIEN LTD NTR	NTR	301	$22.2k301 shares
VANGUARD INDEX FDS VXF	VXF	150	$21.0k150 shares
NEOGEN CORP NEOG	NEOG	1,000	$18.5k1.0k shares
SEMRUSH HLDGS INC SEMR	SEMR	1,665	$16.7k1.7k shares