ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2024-02-07

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.

$523.4m reported value +10.8% vs Q3 2023

318positions

38.0%in top 10

15 new 51 added 105 reduced 23 sold out vs Q3 2023

Holdings, Q4 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	PALO ALTO NETWORKS INC COM PANW	PANW	80,442	$23.7m4.53%	4.53%	Reduced -568	-568 -0.7%
2	APPLE INC COM AAPL	AAPL	122,676	$23.6m4.51%	4.51%	Reduced -1.0k	-1,025 -0.8%
3	MICROSOFT CORP COM MSFT	MSFT	61,264	$23.0m4.40%	4.40%	Reduced -147	-147 -0.2%
4	BROADCOM INC COM AVGO	AVGO	20,462	$22.8m4.36%	4.36%	Reduced -515	-515 -2.5%
5	STRYKER CORPORATION COM SYK	SYK	72,289	$21.6m4.14%	4.14%	Added +290	+290 0.4%
6	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	54,243	$19.0m3.64%	3.64%	Reduced -323	-323 -0.6%
7	COSTCO WHSL CORP NEW COM COST	COST	27,681	$18.3m3.49%	3.49%	Added +284	+284 1.0%
8	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,941	$17.5m3.34%	3.34%	Reduced -433	-433 -1.3%
9	VISA INC COM CL A V	V	56,600	$14.7m2.82%	2.82%	Added +176	+176 0.3%
10	MONOLITHIC PWR SYS INC COM MPWR	MPWR	22,954	$14.5m2.77%	2.77%	Reduced -487	-487 -2.1%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	95,635	$13.4m2.55%	2.55%	Added +80	+80 0.1%
12	ILLINOIS TOOL WKS INC COM ITW	ITW	49,103	$12.9m2.46%	2.46%	Reduced -1.4k	-1,376 -2.7%
13	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	98,214	$12.6m2.41%	2.41%	Reduced -342	-342 -0.3%
14	INTUIT COM INTU	INTU	19,959	$12.5m2.38%	2.38%	Reduced -157	-157 -0.8%
15	STARBUCKS CORP COM SBUX	SBUX	119,882	$11.5m2.20%	2.20%	Added +2.0k	+2,048 1.7%
16	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	12,069	$11.5m2.19%	2.19%	Reduced -30	-30 -0.2%
17	ADOBE INC COM ADBE	ADBE	19,219	$11.5m2.19%	2.19%	Added +42	+42 0.2%
18	AMAZON COM INC COM AMZN	AMZN	67,291	$10.2m1.95%	1.95%	Added +7.7k	+7,676 12.9%
19	NVIDIA CORPORATION COM NVDA	NVDA	18,815	$9.3m1.78%	1.78%	Added +1.2k	+1,190 6.8%
20	SUNCOR ENERGY INC NEW COM SU	SU	281,967	$9.0m1.73%	1.73%	Added +20.4k	+20,409 7.8%
21	SERVICENOW INC COM NOW	NOW	12,073	$8.5m1.63%	1.63%	Added +3	+3 0.0%
22	VEEVA SYS INC CL A COM VEEV	VEEV	43,811	$8.4m1.61%	1.61%	Reduced -749	-749 -1.7%
23	AIR PRODS & CHEMS INC COM APD	APD	27,773	$7.6m1.45%	1.45%	Reduced -729	-729 -2.6%
24	TRANE TECHNOLOGIES PLC SHS TT	TT	28,734	$7.0m1.34%	1.34%	Added +242	+242 0.8%
25	WATSCO INC COM WSO	WSO	16,301	$7.0m1.33%	1.33%	Reduced -158	-158 -1.0%
26	ALPHABET INC CAP STK CL C GOOG	GOOG	47,351	$6.7m1.27%	1.27%	Reduced -325	-325 -0.7%
27	HOME DEPOT INC COM HD	HD	19,194	$6.7m1.27%	1.27%	Reduced -909	-909 -4.5%
28	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	4,197	$6.6m1.26%	1.26%	Unchanged
29	ZSCALER INC COM ZS	ZS	29,613	$6.6m1.25%	1.25%	Added +1.2k	+1,153 4.0%
30	TRACTOR SUPPLY CO COM TSCO	TSCO	29,452	$6.3m1.21%	1.21%	Reduced -1.6k	-1,560 -5.0%
31	BECTON DICKINSON & CO COM BDX	BDX	25,094	$6.1m1.17%	1.17%	Reduced -630	-630 -2.5%
32	LAUDER ESTEE COS INC CL A EL	EL	39,486	$5.8m1.10%	1.10%	Reduced -1.9k	-1,866 -4.5%
33	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	7,071	$5.4m1.02%	1.02%	Added +1.3k	+1,300 22.5%
34	FASTENAL CO COM FAST	FAST	82,497	$5.3m1.02%	1.02%	Reduced -1.1k	-1,130 -1.4%
35	AMERICAN EXPRESS CO COM AXP	AXP	28,164	$5.3m1.01%	1.01%	Reduced -3.3k	-3,292 -10.5%
36	ECOLAB INC COM ECL	ECL	24,697	$4.9m0.94%	0.94%	Added +1.4k	+1,414 6.1%
37	CBRE GROUP INC CL A CBRE	CBRE	51,327	$4.8m0.91%	0.91%	Reduced -183	-183 -0.4%
38	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	19,109	$4.5m0.85%	0.85%	Reduced -639	-639 -3.2%
39	MONDELEZ INTL INC CL A MDLZ	MDLZ	59,325	$4.3m0.82%	0.82%	Added +5.7k	+5,726 10.7%
40	ISHARES TR MSCI EAFE ETF EFA	EFA	55,410	$4.2m0.80%	0.80%	Reduced -3.4k	-3,377 -5.7%
41	INGERSOLL RAND INC COM IR	IR	43,219	$3.3m0.64%	0.64%	Added +2.5k	+2,537 6.2%
42	ORACLE CORP COM ORCL	ORCL	28,870	$3.0m0.58%	0.58%	Reduced -1.3k	-1,325 -4.4%
43	ISHARES TR CORE S&P500 ETF IVV	IVV	6,074	$2.9m0.55%	0.55%	Reduced -35	-35 -0.6%
44	ZOETIS INC CL A ZTS	ZTS	14,597	$2.9m0.55%	0.55%	Reduced -1.2k	-1,165 -7.4%
45	PEPSICO INC COM PEP	PEP	16,870	$2.9m0.55%	0.55%	Reduced -1.3k	-1,276 -7.0%
46	UNITED RENTALS INC COM URI	URI	4,947	$2.8m0.54%	0.54%	Added +630	+630 14.6%
47	DANAHER CORPORATION COM DHR	DHR	12,028	$2.8m0.53%	0.53%	Unchanged
48	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	17,042	$2.7m0.51%	0.51%	Reduced -4	-4 -0.0%
49	DIGITAL RLTY TR INC COM DLR	DLR	17,603	$2.4m0.45%	0.45%	Reduced -3.8k	-3,845 -17.9%
50	ISHARES TR RUSSELL 2000 ETF IWM	IWM	11,711	$2.4m0.45%	0.45%	Reduced -4.0k	-3,950 -25.2%
51	ESSENTIAL UTILS INC COM WTRG	WTRG	58,555	$2.2m0.42%	0.42%	Added +16.2k	+16,174 38.2%
52	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	20,645	$2.1m0.39%	0.39%	Reduced -2.9k	-2,933 -12.4%
53	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	39,128	$2.0m0.38%	0.38%	Reduced -70.8k	-70,782 -64.4%
54	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	169,128	$1.8m0.35%	0.35%	Reduced -5.7k	-5,665 -3.2%
55	NEXTERA ENERGY INC COM NEE	NEE	26,526	$1.6m0.31%	0.31%	Reduced -6.2k	-6,164 -18.9%
56	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	20,417	$1.6m0.30%	0.30%	Reduced -2.5k	-2,500 -10.9%
57	ABBVIE INC COM ABBV	ABBV	9,312	$1.4m0.28%	0.28%	Added +1.7k	+1,666 21.8%
58	SYSCO CORP COM SYY	SYY	18,902	$1.4m0.26%	0.26%	Reduced -2.9k	-2,896 -13.3%
59	WALMART INC COM WMT	WMT	8,375	$1.3m0.25%	0.25%	Added +48	+48 0.6%
60	HALLIBURTON CO COM HAL	HAL	34,305	$1.2m0.24%	0.24%	Reduced -2.7k	-2,705 -7.3%
61	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	29,706	$1.2m0.23%	0.23%	Reduced -1.4k	-1,441 -4.6%
62	MCGRATH RENTCORP COM MGRC	MGRC	9,607	$1.1m0.22%	0.22%	Added +100	+100 1.1%
63	CHEVRON CORP NEW COM CVX	CVX	7,067	$1.1m0.20%	0.20%	Added +528	+528 8.1%
64	PROCTER AND GAMBLE CO COM PG	PG	6,903	$1.0m0.19%	0.19%	Reduced -1.2k	-1,222 -15.0%
65	ABBOTT LABS COM ABT	ABT	8,796	$968.1k0.18%	0.18%	Reduced -499	-499 -5.4%
66	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	21,744	$942.0k0.18%	0.18%	Added +20.9k	+20,944 2618.0%
67	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	11,442	$881.3k0.17%	0.17%	Reduced -33	-33 -0.3%
68	GLOBAL PMTS INC COM GPN	GPN	6,915	$878.2k0.17%	0.17%	New
69	PHREESIA INC COM PHR	PHR	37,840	$876.0k0.17%	0.17%	Added +16.1k	+16,140 74.4%
70	S&P GLOBAL INC COM SPGI	SPGI	1,680	$740.1k0.14%	0.14%	Unchanged
71	EAST WEST BANCORP INC COM EWBC	EWBC	10,240	$736.8k0.14%	0.14%	Reduced -938	-938 -8.4%
72	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$694.1k0.13%	0.13%	Unchanged
73	PROSHARES TR SHORT S&P 500 NE SH	SH	53,260	$691.8k0.13%	0.13%	Reduced -8.2k	-8,150 -13.3%
74	RPM INTL INC COM RPM	RPM	6,050	$675.4k0.13%	0.13%	Added +433	+433 7.7%
75	KAMAN CORP NOTE 3.250% 5/0 KAMN 3.25 05.01.24	KAMN 3.25 05.01.24	685,000	$674.3k0.13%	0.13%	Reduced -20.0k	-20,000 -2.8%
76	KNIFE RIVER CORP COMMON STOCK KNF	KNF	10,178	$673.6k0.13%	0.13%	Added +2.0k	+2,039 25.1%
77	EMERSON ELEC CO COM EMR	EMR	6,738	$655.8k0.13%	0.13%	Reduced -1.3k	-1,275 -15.9%
78	COMMERCIAL METALS CO COM CMC	CMC	12,693	$635.2k0.12%	0.12%	Added +12.5k	+12,493 6246.5%
79	NASDAQ INC COM NDAQ	NDAQ	10,512	$611.2k0.12%	0.12%	Reduced -1.9k	-1,899 -15.3%
80	FORTIVE CORP COM FTV	FTV	8,278	$609.5k0.12%	0.12%	Reduced -206	-206 -2.4%
81	EXXON MOBIL CORP COM XOM	XOM	6,087	$608.6k0.12%	0.12%	Reduced -17	-17 -0.3%
82	GRAY TELEVISION INC COM GTN	GTN	67,653	$606.2k0.12%	0.12%	Added +23.7k	+23,663 53.8%
83	FLOWERS FOODS INC COM FLO	FLO	26,545	$597.5k0.11%	0.11%	Added +21.0k	+20,970 376.1%
84	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	8,994	$594.6k0.11%	0.11%	Reduced -398	-398 -4.2%
85	AMGEN INC COM AMGN	AMGN	1,776	$511.5k0.10%	0.10%	Reduced -37	-37 -2.0%
86	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	20,275	$505.1k0.10%	0.10%	Reduced -2.7k	-2,700 -11.8%
87	LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 LILAK 2 07.15.24	LILAK 2 07.15.24	520,000	$504.4k0.10%	0.10%	Reduced -20.0k	-20,000 -3.7%
88	STERICYCLE INC COM SRCL	SRCL	10,000	$495.6k0.09%	0.09%	Unchanged
89	EXPEDITORS INTL WASH INC COM EXPD	EXPD	3,650	$464.3k0.09%	0.09%	Unchanged
90	BOOKING HOLDINGS INC COM BKNG	BKNG	126	$446.9k0.09%	0.09%	Unchanged
91	JOHNSON & JOHNSON COM JNJ	JNJ	2,850	$446.7k0.09%	0.09%	Reduced -800	-800 -21.9%
92	FREEPORT-MCMORAN INC CL B FCX	FCX	10,000	$425.7k0.08%	0.08%	Unchanged
93	LULULEMON ATHLETICA INC COM LULU	LULU	800	$409.0k0.08%	0.08%	Unchanged
94	HUBSPOT INC COM HUBS	HUBS	700	$406.4k0.08%	0.08%	Unchanged
95	NETFLIX INC COM NFLX	NFLX	833	$405.6k0.08%	0.08%	Reduced -92	-92 -9.9%
96	RB GLOBAL INC COM RBA	RBA	5,825	$389.6k0.07%	0.07%	Reduced -2.2k	-2,175 -27.2%
97	VALMONT INDS INC COM VMI	VMI	1,663	$388.3k0.07%	0.07%	Reduced -1.8k	-1,828 -52.4%
98	ELI LILLY & CO COM LLY	LLY	659	$384.1k0.07%	0.07%	Unchanged
99	NOVO-NORDISK A S ADR NVO	NVO	3,354	$347.0k0.07%	0.07%	Unchanged
100	JPMORGAN CHASE & CO COM JPM	JPM	2,022	$343.9k0.07%	0.07%	Reduced -5	-5 -0.2%

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
ISHARES TR		13,975	$354.4k14.0k shares
CARRIER GLOBAL CORPORATION CARR	CARR	1,000	$55.2k1.0k shares
GENERAC HLDGS INC GNRC	GNRC	500	$54.5k500 shares
SSGA ACTIVE ETF TR SRLN	SRLN	1,100	$46.1k1.1k shares
IRIDIUM COMMUNICATIONS INC IRDM	IRDM	1,000	$45.5k1.0k shares
GOOSEHEAD INS INC GSHD	GSHD	600	$44.7k600 shares
SUN CTRY AIRLS HLDGS INC SNCY	SNCY	2,790	$41.4k2.8k shares
DELTA AIR LINES INC DEL DAL	DAL	1,052	$38.9k1.1k shares
SILK RD MED INC SILK	SILK	2,351	$35.2k2.4k shares
ATRICURE INC ATRC	ATRC	645	$28.3k645 shares
SPRINKLR INC CXM	CXM	1,950	$27.0k1.9k shares
ENGAGESMART INC ESMT	ESMT	1,447	$26.0k1.4k shares
CHIPOTLE MEXICAN GRILL INC CMG	CMG	14	$25.6k14 shares
BILL HOLDINGS INC BILL	BILL	225	$24.4k225 shares
OUTSET MED INC OM	OM	839	$9.1k839 shares
SCHWAB CHARLES CORP SCHW	SCHW	161	$8.8k161 shares
ORGANON & CO OGN	OGN	500	$8.7k500 shares
ASSURANT INC AIZ	AIZ	55	$7.9k55 shares
CITIGROUP INC C	C	125	$5.1k125 shares
SCOTTS MIRACLE-GRO CO SMG	SMG	20	$1.0k20 shares
INVESCO EXCH TRADED FD TR II TAN	TAN	15	$77715 shares
ETF MANAGERS TR		113	$413113 shares
MASIMO CORP MASI	MASI	2	$1762 shares