ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2023-10-23

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.

$472.3m reported value -4.2% vs Q2 2023

326positions

36.3%in top 10

6 new 49 added 72 reduced 22 sold out vs Q2 2023

Holdings, Q3 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	123,701	$21.2m4.48%	4.48%	Reduced -2.5k	-2,465 -1.9%
2	STRYKER CORPORATION COM SYK	SYK	71,999	$19.7m4.17%	4.17%	Reduced -793	-793 -1.1%
3	MICROSOFT CORP COM MSFT	MSFT	61,411	$19.4m4.11%	4.11%	Reduced -100	-100 -0.2%
4	PALO ALTO NETWORKS INC COM PANW	PANW	81,010	$19.0m4.02%	4.02%	Reduced -16	-16 -0.0%
5	BROADCOM INC COM AVGO	AVGO	20,977	$17.4m3.69%	3.69%	Reduced -1.3k	-1,288 -5.8%
6	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	33,374	$16.9m3.58%	3.58%	Added +500	+500 1.5%
7	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	54,566	$16.8m3.55%	3.55%	Reduced -112	-112 -0.2%
8	COSTCO WHSL CORP NEW COM COST	COST	27,397	$15.5m3.28%	3.28%	Reduced -122	-122 -0.4%
9	VISA INC COM CL A V	V	56,424	$13.0m2.75%	2.75%	Added +65	+65 0.1%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	95,555	$12.5m2.65%	2.65%	Added +274	+274 0.3%
11	ILLINOIS TOOL WKS INC COM ITW	ITW	50,479	$11.6m2.46%	2.46%	Reduced -286	-286 -0.6%
12	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	12,099	$11.0m2.33%	2.33%	Reduced -221	-221 -1.8%
13	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	98,556	$10.8m2.30%	2.30%	Added +1.2k	+1,222 1.3%
14	MONOLITHIC PWR SYS INC COM MPWR	MPWR	23,441	$10.8m2.29%	2.29%	Reduced -84	-84 -0.4%
15	STARBUCKS CORP COM SBUX	SBUX	117,834	$10.8m2.28%	2.28%	Added +2.1k	+2,145 1.9%
16	INTUIT COM INTU	INTU	20,116	$10.3m2.18%	2.18%	Reduced -215	-215 -1.1%
17	ADOBE INC COM ADBE	ADBE	19,177	$9.8m2.07%	2.07%	Reduced -5	-5 -0.0%
18	VEEVA SYS INC CL A COM VEEV	VEEV	44,560	$9.1m1.92%	1.92%	Added +256	+256 0.6%
19	SUNCOR ENERGY INC NEW COM SU	SU	261,558	$9.0m1.90%	1.90%	Added +25.3k	+25,255 10.7%
20	AIR PRODS & CHEMS INC COM APD	APD	28,502	$8.1m1.71%	1.71%	Added +335	+335 1.2%
21	NVIDIA CORPORATION COM NVDA	NVDA	17,625	$7.7m1.62%	1.62%	Unchanged
22	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	4,197	$7.7m1.62%	1.62%	Reduced -7	-7 -0.2%
23	AMAZON COM INC COM AMZN	AMZN	59,615	$7.6m1.60%	1.60%	Added +882	+882 1.5%
24	SERVICENOW INC COM NOW	NOW	12,070	$6.7m1.43%	1.43%	Reduced -15	-15 -0.1%
25	BECTON DICKINSON & CO COM BDX	BDX	25,724	$6.7m1.41%	1.41%	Reduced -300	-300 -1.1%
26	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	109,910	$6.4m1.35%	1.35%	Added +1.1k	+1,053 1.0%
27	TRACTOR SUPPLY CO COM TSCO	TSCO	31,012	$6.3m1.33%	1.33%	Reduced -128	-128 -0.4%
28	ALPHABET INC CAP STK CL C GOOG	GOOG	47,676	$6.3m1.33%	1.33%	Reduced -10	-10 -0.0%
29	WATSCO INC COM WSO	WSO	16,459	$6.2m1.32%	1.32%	Reduced -110	-110 -0.7%
30	HOME DEPOT INC COM HD	HD	20,103	$6.1m1.29%	1.29%	Reduced -318	-318 -1.6%
31	LAUDER ESTEE COS INC CL A EL	EL	41,352	$6.0m1.27%	1.27%	Added +1.3k	+1,333 3.3%
32	TRANE TECHNOLOGIES PLC SHS TT	TT	28,492	$5.8m1.22%	1.22%	Reduced -1.1k	-1,125 -3.8%
33	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	19,748	$4.8m1.01%	1.01%	Reduced -4.0k	-4,033 -17.0%
34	AMERICAN EXPRESS CO COM AXP	AXP	31,456	$4.7m0.99%	0.99%	Reduced -40	-40 -0.1%
35	FASTENAL CO COM FAST	FAST	83,627	$4.6m0.97%	0.97%	Reduced -2.5k	-2,460 -2.9%
36	ZSCALER INC COM ZS	ZS	28,460	$4.4m0.94%	0.94%	Reduced -379	-379 -1.3%
37	ISHARES TR MSCI EAFE ETF EFA	EFA	58,787	$4.1m0.86%	0.86%	Reduced -266	-266 -0.5%
38	ECOLAB INC COM ECL	ECL	23,283	$3.9m0.84%	0.84%	Reduced -425	-425 -1.8%
39	CBRE GROUP INC CL A CBRE	CBRE	51,510	$3.8m0.81%	0.81%	Reduced -100	-100 -0.2%
40	MONDELEZ INTL INC CL A MDLZ	MDLZ	53,599	$3.7m0.79%	0.79%	Added +212	+212 0.4%
41	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	5,771	$3.4m0.72%	0.72%	Added +1.1k	+1,057 22.4%
42	ORACLE CORP COM ORCL	ORCL	30,195	$3.2m0.68%	0.68%	Reduced -1.7k	-1,660 -5.2%
43	PEPSICO INC COM PEP	PEP	18,146	$3.1m0.65%	0.65%	Reduced -2.0k	-1,977 -9.8%
44	DANAHER CORPORATION COM DHR	DHR	12,028	$3.0m0.63%	0.63%	Unchanged
45	ISHARES TR RUSSELL 2000 ETF IWM	IWM	15,661	$2.8m0.59%	0.59%	Unchanged
46	ZOETIS INC CL A ZTS	ZTS	15,762	$2.7m0.58%	0.58%	Unchanged
47	ISHARES TR CORE S&P500 ETF IVV	IVV	6,109	$2.6m0.56%	0.56%	Reduced -94	-94 -1.5%
48	DIGITAL RLTY TR INC COM DLR	DLR	21,448	$2.6m0.55%	0.55%	Reduced -3.3k	-3,345 -13.5%
49	INGERSOLL RAND INC COM IR	IR	40,682	$2.6m0.55%	0.55%	Added +300	+300 0.7%
50	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	17,046	$2.4m0.52%	0.52%	Added +376	+376 2.3%
51	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	174,793	$2.4m0.51%	0.51%	Added +168.7k	+168,743 2789.1%
52	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	23,578	$2.4m0.50%	0.50%	Reduced -3.5k	-3,460 -12.8%
53	UNITED RENTALS INC COM URI	URI	4,317	$1.9m0.41%	0.41%	Added +10	+10 0.2%
54	NEXTERA ENERGY INC COM NEE	NEE	32,690	$1.9m0.40%	0.40%	Added +1.7k	+1,675 5.4%
55	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	22,917	$1.7m0.36%	0.36%	Unchanged
56	HALLIBURTON CO COM HAL	HAL	37,010	$1.5m0.32%	0.32%	Added +250	+250 0.7%
57	ESSENTIAL UTILS INC COM WTRG	WTRG	42,381	$1.5m0.31%	0.31%	Added +5.4k	+5,376 14.5%
58	SYSCO CORP COM SYY	SYY	21,798	$1.4m0.30%	0.30%	Reduced -3.0k	-2,999 -12.1%
59	WALMART INC COM WMT	WMT	8,327	$1.3m0.28%	0.28%	Added +15	+15 0.2%
60	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	31,147	$1.2m0.26%	0.26%	Reduced -159	-159 -0.5%
61	PROCTER AND GAMBLE CO COM PG	PG	8,125	$1.2m0.25%	0.25%	Unchanged
62	ABBVIE INC COM ABBV	ABBV	7,646	$1.1m0.24%	0.24%	Unchanged
63	CHEVRON CORP NEW COM CVX	CVX	6,539	$1.1m0.23%	0.23%	Unchanged
64	MCGRATH RENTCORP COM MGRC	MGRC	9,507	$953.0k0.20%	0.20%	Unchanged
65	ABBOTT LABS COM ABT	ABT	9,295	$900.2k0.19%	0.19%	Reduced -199	-199 -2.1%
66	PROSHARES TR SHORT S&P 500 NE SH	SH	61,410	$888.6k0.19%	0.19%	Added +10.8k	+10,750 21.2%
67	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	11,475	$862.6k0.18%	0.18%	Reduced -1.8k	-1,795 -13.5%
68	VALMONT INDS INC COM VMI	VMI	3,491	$838.6k0.18%	0.18%	Unchanged
69	EMERSON ELEC CO COM EMR	EMR	8,013	$773.8k0.16%	0.16%	Unchanged
70	EXXON MOBIL CORP COM XOM	XOM	6,104	$717.7k0.15%	0.15%	Unchanged
71	PAYPAL HLDGS INC COM PYPL	PYPL	12,201	$713.3k0.15%	0.15%	Added +595	+595 5.1%
72	KAMAN CORP NOTE 3.250% 5/0 KAMN 3.25 05.01.24	KAMN 3.25 05.01.24	705,000	$690.5k0.15%	0.15%	Added +265.0k	+265,000 60.2%
73	FORTIVE CORP COM FTV	FTV	8,484	$629.2k0.13%	0.13%	Unchanged
74	S&P GLOBAL INC COM SPGI	SPGI	1,680	$613.9k0.13%	0.13%	Unchanged
75	NASDAQ INC COM NDAQ	NDAQ	12,411	$603.1k0.13%	0.13%	Reduced -424	-424 -3.3%
76	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	9,392	$591.4k0.13%	0.13%	Reduced -92	-92 -1.0%
77	EAST WEST BANCORP INC COM EWBC	EWBC	11,178	$589.2k0.12%	0.12%	Reduced -4.4k	-4,386 -28.2%
78	JOHNSON & JOHNSON COM JNJ	JNJ	3,650	$568.5k0.12%	0.12%	Unchanged
79	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	22,975	$568.2k0.12%	0.12%	Reduced -12.0k	-12,000 -34.3%
80	AVIENT CORPORATION COM AVNT	AVNT	15,157	$535.3k0.11%	0.11%	Added +5.5k	+5,500 57.0%
81	RPM INTL INC COM RPM	RPM	5,617	$532.5k0.11%	0.11%	Unchanged
82	LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 LILAK 2 07.15.24	LILAK 2 07.15.24	540,000	$514.5k0.11%	0.11%	Added +255.0k	+255,000 89.5%
83	RB GLOBAL INC COM RBA	RBA	8,000	$500.0k0.11%	0.11%	Added +905	+905 12.8%
84	AMGEN INC COM AMGN	AMGN	1,813	$487.3k0.10%	0.10%	Unchanged
85	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$486.2k0.10%	0.10%	Unchanged
86	REVVITY INC COM RVTY	RVTY	4,243	$469.7k0.10%	0.10%	Reduced -50	-50 -1.2%
87	STERICYCLE INC COM SRCL	SRCL	10,000	$447.1k0.09%	0.09%	Unchanged
88	EXPEDITORS INTL WASH INC COM EXPD	EXPD	3,650	$418.4k0.09%	0.09%	Unchanged
89	PHREESIA INC COM PHR	PHR	21,700	$405.4k0.09%	0.09%	Added +20.5k	+20,500 1708.3%
90	KNIFE RIVER CORP COMMON STOCK KNF	KNF	8,139	$397.4k0.08%	0.08%	Unchanged
91	BOOKING HOLDINGS INC COM BKNG	BKNG	126	$388.6k0.08%	0.08%	Reduced -29	-29 -18.7%
92	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	15,850	$386.3k0.08%	0.08%	Reduced -12.0k	-12,000 -43.1%
93	PFIZER INC COM PFE	PFE	11,545	$382.9k0.08%	0.08%	Added +1.0k	+1,000 9.5%
94	QUANTA SVCS INC COM PWR	PWR	2,014	$376.8k0.08%	0.08%	Unchanged
95	FREEPORT-MCMORAN INC CL B FCX	FCX	10,000	$372.9k0.08%	0.08%	Unchanged
96	ISHARES TR IBONDS DEC23 ETF IBONDS DEC23 ETF		13,975	$354.4k0.08%	0.08%	Reduced -12.0k	-12,000 -46.2%
97	ELI LILLY & CO COM LLY	LLY	659	$354.0k0.07%	0.07%	Unchanged
98	NETFLIX INC COM NFLX	NFLX	925	$349.3k0.07%	0.07%	Reduced -16	-16 -1.7%
99	HUBSPOT INC COM HUBS	HUBS	700	$344.8k0.07%	0.07%	Unchanged
100	MDU RES GROUP INC COM MDU	MDU	17,180	$336.4k0.07%	0.07%	Reduced -15.4k	-15,400 -47.3%

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
NEXTIER OILFIELD SOLUTIONS FRAC	FRAC	238,750	$2.1m238.8k shares
MAGELLAN MIDSTREAM PRTNRS LP		1,264	$78.8k1.3k shares
SITEONE LANDSCAPE SUPPLY INC SITE	SITE	425	$71.1k425 shares
SELECT SECTOR SPDR TR XLF	XLF	1,875	$63.2k1.9k shares
PLANET FITNESS INC PLNT	PLNT	519	$35.0k519 shares
SPDR SER TR MDYV	MDYV	450	$31.0k450 shares
INSULET CORP PODD	PODD	100	$28.8k100 shares
CROWN CASTLE INC CCI	CCI	250	$28.5k250 shares
FIRST TR EXCHANGE-TRADED FD KNG	KNG	475	$25.1k475 shares
INTAPP INC INTA	INTA	584	$24.5k584 shares
SYMBOTIC INC SYM	SYM	481	$20.6k481 shares
MEDICAL PPTYS TRUST INC MPT	MPT	2,000	$18.5k2.0k shares
US BANCORP DEL USB	USB	540	$17.8k540 shares
MADISON SQUARE GARDEN ENTMT MSGE	MSGE	500	$16.8k500 shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	1,000	$15.3k1.0k shares
SPHERE ENTERTAINMENT CO SPHR	SPHR	500	$13.7k500 shares
ONEOK INC NEW OKE	OKE	157	$9.7k157 shares
SONY GROUP CORP SONY	SONY	50	$4.5k50 shares
DOXIMITY INC DOCS	DOCS	125	$4.3k125 shares
KYNDRYL HLDGS INC KD	KD	5	$675 shares
MOLECULAR TEMPLATES INC		90	$4490 shares
REALTY INCOME CORP O	O	0	$160 shares