ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2024-04-23

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.

$565.5m reported value +8.0% vs Q4 2023

312positions

37.2%in top 10

25 new 52 added 104 reduced 31 sold out vs Q4 2023

Holdings, Q1 2024

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	BROADCOM INC COM AVGO	AVGO	19,521	$25.9m4.58%	4.58%	Reduced -941	-941 -4.6%
2	MICROSOFT CORP COM MSFT	MSFT	61,133	$25.7m4.55%	4.55%	Reduced -131	-131 -0.2%
3	STRYKER CORPORATION COM SYK	SYK	70,361	$25.2m4.45%	4.45%	Reduced -1.9k	-1,928 -2.7%
4	PALO ALTO NETWORKS INC COM PANW	PANW	77,331	$22.0m3.89%	3.89%	Reduced -3.1k	-3,111 -3.9%
5	APPLE INC COM AAPL	AAPL	120,010	$20.6m3.64%	3.64%	Reduced -2.7k	-2,666 -2.2%
6	COSTCO WHSL CORP NEW COM COST	COST	27,718	$20.3m3.59%	3.59%	Added +37	+37 0.1%
7	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,912	$19.1m3.38%	3.38%	Reduced -29	-29 -0.1%
8	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	52,517	$18.2m3.22%	3.22%	Reduced -1.7k	-1,726 -3.2%
9	NVIDIA CORPORATION COM NVDA	NVDA	19,321	$17.5m3.09%	3.09%	Added +506	+506 2.7%
10	VISA INC COM CL A V	V	57,548	$16.1m2.84%	2.84%	Added +948	+948 1.7%
11	MONOLITHIC PWR SYS INC COM MPWR	MPWR	22,717	$15.4m2.72%	2.72%	Reduced -237	-237 -1.0%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	95,666	$14.4m2.55%	2.55%	Added +31	+31 0.0%
13	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	11,929	$13.5m2.38%	2.38%	Reduced -140	-140 -1.2%
14	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	97,354	$13.4m2.37%	2.37%	Reduced -860	-860 -0.9%
15	AMAZON COM INC COM AMZN	AMZN	71,630	$12.9m2.28%	2.28%	Added +4.3k	+4,339 6.5%
16	INTUIT COM INTU	INTU	19,734	$12.8m2.27%	2.27%	Reduced -225	-225 -1.1%
17	STARBUCKS CORP COM SBUX	SBUX	136,860	$12.5m2.21%	2.21%	Added +17.0k	+16,978 14.2%
18	ILLINOIS TOOL WKS INC COM ITW	ITW	46,394	$12.4m2.20%	2.20%	Reduced -2.7k	-2,709 -5.5%
19	VEEVA SYS INC CL A COM VEEV	VEEV	46,526	$10.8m1.91%	1.91%	Added +2.7k	+2,715 6.2%
20	SUNCOR ENERGY INC NEW COM SU	SU	275,710	$10.2m1.80%	1.80%	Reduced -6.3k	-6,257 -2.2%
21	ADOBE INC COM ADBE	ADBE	19,890	$10.0m1.77%	1.77%	Added +671	+671 3.5%
22	SERVICENOW INC COM NOW	NOW	12,499	$9.5m1.69%	1.69%	Added +426	+426 3.5%
23	AIR PRODS & CHEMS INC COM APD	APD	37,522	$9.1m1.61%	1.61%	Added +9.7k	+9,749 35.1%
24	WATSCO INC COM WSO	WSO	20,342	$8.8m1.55%	1.55%	Added +4.0k	+4,041 24.8%
25	TRANE TECHNOLOGIES PLC SHS TT	TT	24,389	$7.3m1.29%	1.29%	Reduced -4.3k	-4,345 -15.1%
26	ALPHABET INC CAP STK CL C GOOG	GOOG	46,601	$7.1m1.25%	1.25%	Reduced -750	-750 -1.6%
27	HOME DEPOT INC COM HD	HD	18,164	$7.0m1.23%	1.23%	Reduced -1.0k	-1,030 -5.4%
28	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	7,117	$6.9m1.22%	1.22%	Added +46	+46 0.7%
29	LAUDER ESTEE COS INC CL A EL	EL	43,781	$6.7m1.19%	1.19%	Added +4.3k	+4,295 10.9%
30	TRACTOR SUPPLY CO COM TSCO	TSCO	25,119	$6.6m1.16%	1.16%	Reduced -4.3k	-4,333 -14.7%
31	BECTON DICKINSON & CO COM BDX	BDX	25,623	$6.3m1.12%	1.12%	Added +529	+529 2.1%
32	FASTENAL CO COM FAST	FAST	81,647	$6.3m1.11%	1.11%	Reduced -850	-850 -1.0%
33	ZSCALER INC COM ZS	ZS	32,177	$6.2m1.10%	1.10%	Added +2.6k	+2,564 8.7%
34	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	10,605	$6.1m1.08%	1.08%	Reduced -2.0k	-1,986 -15.8%
35	ECOLAB INC COM ECL	ECL	25,850	$6.0m1.06%	1.06%	Added +1.2k	+1,153 4.7%
36	AMERICAN EXPRESS CO COM AXP	AXP	25,975	$5.9m1.05%	1.05%	Reduced -2.2k	-2,189 -7.8%
37	MONDELEZ INTL INC CL A MDLZ	MDLZ	63,350	$4.4m0.78%	0.78%	Added +4.0k	+4,025 6.8%
38	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	42,758	$4.3m0.76%	0.76%	Added +22.1k	+22,113 107.1%
39	ISHARES TR MSCI EAFE ETF EFA	EFA	53,604	$4.3m0.76%	0.76%	Reduced -1.8k	-1,806 -3.3%
40	CBRE GROUP INC CL A CBRE	CBRE	43,237	$4.2m0.74%	0.74%	Reduced -8.1k	-8,090 -15.8%
41	INGERSOLL RAND INC COM IR	IR	42,934	$4.1m0.72%	0.72%	Reduced -285	-285 -0.7%
42	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	15,521	$3.9m0.69%	0.69%	Reduced -3.6k	-3,588 -18.8%
43	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	120,274	$3.9m0.68%	0.68%	Added +98.5k	+98,530 453.1%
44	UNITED RENTALS INC COM URI	URI	5,026	$3.6m0.64%	0.64%	Added +79	+79 1.6%
45	ORACLE CORP COM ORCL	ORCL	27,520	$3.5m0.61%	0.61%	Reduced -1.4k	-1,350 -4.7%
46	ISHARES TR CORE S&P500 ETF IVV	IVV	6,074	$3.2m0.56%	0.56%	Unchanged
47	DANAHER CORPORATION COM DHR	DHR	12,028	$3.0m0.53%	0.53%	Unchanged
48	ESSENTIAL UTILS INC COM WTRG	WTRG	79,105	$2.9m0.52%	0.52%	Added +20.6k	+20,550 35.1%
49	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	16,952	$2.9m0.52%	0.52%	Reduced -90	-90 -0.5%
50	ZOETIS INC CL A ZTS	ZTS	14,540	$2.5m0.44%	0.44%	Reduced -57	-57 -0.4%
51	DIGITAL RLTY TR INC COM DLR	DLR	15,148	$2.2m0.39%	0.39%	Reduced -2.5k	-2,455 -13.9%
52	GLOBAL PMTS INC COM GPN	GPN	15,690	$2.1m0.37%	0.37%	Added +8.8k	+8,775 126.9%
53	PURE STORAGE INC CL A P	P	39,140	$2.0m0.36%	0.36%	Added +36.1k	+36,110 1191.8%
54	ISHARES TR RUSSELL 2000 ETF IWM	IWM	9,256	$1.9m0.34%	0.34%	Reduced -2.5k	-2,455 -21.0%
55	PHREESIA INC COM PHR	PHR	77,825	$1.9m0.33%	0.33%	Added +40.0k	+39,985 105.7%
56	ABBVIE INC COM ABBV	ABBV	9,371	$1.7m0.30%	0.30%	Added +59	+59 0.6%
57	WALMART INC COM WMT	WMT	25,768	$1.6m0.27%	0.27%	Added +643	+643 2.6%
58	PEPSICO INC COM PEP	PEP	8,429	$1.5m0.26%	0.26%	Reduced -8.4k	-8,441 -50.0%
59	SYSCO CORP COM SYY	SYY	18,017	$1.5m0.26%	0.26%	Reduced -885	-885 -4.7%
60	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	122,306	$1.5m0.26%	0.26%	Reduced -46.8k	-46,822 -27.7%
61	NEXTERA ENERGY INC COM NEE	NEE	21,962	$1.4m0.25%	0.25%	Reduced -4.6k	-4,564 -17.2%
62	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	28,581	$1.2m0.21%	0.21%	Reduced -1.1k	-1,125 -3.8%
63	CHEVRON CORP NEW COM CVX	CVX	6,724	$1.1m0.19%	0.19%	Reduced -343	-343 -4.8%
64	FLOWERS FOODS INC COM FLO	FLO	44,540	$1.1m0.19%	0.19%	Added +18.0k	+17,995 67.8%
65	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	12,917	$998.6k0.18%	0.18%	Reduced -7.5k	-7,500 -36.7%
66	MCGRATH RENTCORP COM MGRC	MGRC	8,057	$994.0k0.18%	0.18%	Reduced -1.6k	-1,550 -16.1%
67	DYNE THERAPEUTICS INC COM DYN	DYN	31,325	$889.3k0.16%	0.16%	New
68	ELI LILLY & CO COM LLY	LLY	1,139	$886.1k0.16%	0.16%	Added +480	+480 72.8%
69	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	11,442	$877.3k0.16%	0.16%	Unchanged
70	HALLIBURTON CO COM HAL	HAL	21,980	$866.5k0.15%	0.15%	Reduced -12.3k	-12,325 -35.9%
71	KNIFE RIVER CORP COMMON STOCK KNF	KNF	10,178	$825.2k0.15%	0.15%	Unchanged
72	GRAY TELEVISION INC COM GTN	GTN	124,935	$789.6k0.14%	0.14%	Added +57.3k	+57,282 84.7%
73	ABBOTT LABS COM ABT	ABT	6,848	$778.3k0.14%	0.14%	Reduced -1.9k	-1,948 -22.1%
74	RPM INTL INC COM RPM	RPM	6,050	$719.6k0.13%	0.13%	Unchanged
75	PACER FDS TR PACER US SMALL CALF	CALF	14,565	$716.0k0.13%	0.13%	Added +8.2k	+8,215 129.4%
76	S&P GLOBAL INC COM SPGI	SPGI	1,680	$714.8k0.13%	0.13%	Unchanged
77	EXXON MOBIL CORP COM XOM	XOM	6,092	$708.1k0.13%	0.13%	Added +5	+5 0.1%
78	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$687.6k0.12%	0.12%	Unchanged
79	FORTIVE CORP COM FTV	FTV	7,993	$687.6k0.12%	0.12%	Reduced -285	-285 -3.4%
80	KAMAN CORP NOTE 3.250% 5/0 KAMN 3.25 05.01.24	KAMN 3.25 05.01.24	645,000	$650.8k0.12%	0.12%	Reduced -40.0k	-40,000 -5.8%
81	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	8,919	$607.5k0.11%	0.11%	Reduced -75	-75 -0.8%
82	STERICYCLE INC COM SRCL	SRCL	10,000	$527.5k0.09%	0.09%	Unchanged
83	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	20,275	$507.9k0.09%	0.09%	Unchanged
84	RB GLOBAL INC COM RBA	RBA	6,650	$506.5k0.09%	0.09%	Added +825	+825 14.2%
85	NETFLIX INC COM NFLX	NFLX	824	$500.4k0.09%	0.09%	Reduced -9	-9 -1.1%
86	FREEPORT-MCMORAN INC CL B FCX	FCX	10,000	$470.2k0.08%	0.08%	Unchanged
87	LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 LILAK 2 07.15.24	LILAK 2 07.15.24	470,000	$465.6k0.08%	0.08%	Reduced -50.0k	-50,000 -9.6%
88	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	8,491	$460.5k0.08%	0.08%	Reduced -30.6k	-30,637 -78.3%
89	BOOKING HOLDINGS INC COM BKNG	BKNG	126	$457.1k0.08%	0.08%	Unchanged
90	HUBSPOT INC COM HUBS	HUBS	700	$438.6k0.08%	0.08%	Unchanged
91	NOVO-NORDISK A S ADR NVO	NVO	3,354	$430.7k0.08%	0.08%	Unchanged
92	JPMORGAN CHASE & CO COM JPM	JPM	2,038	$408.2k0.07%	0.07%	Added +16	+16 0.8%
93	SALESFORCE INC COM CRM	CRM	1,328	$400.0k0.07%	0.07%	Added +221	+221 20.0%
94	EXPEDITORS INTL WASH INC COM EXPD	EXPD	3,250	$395.1k0.07%	0.07%	Reduced -400	-400 -11.0%
95	CINTAS CORP COM CTAS	CTAS	565	$388.2k0.07%	0.07%	Unchanged
96	PROCTER AND GAMBLE CO COM PG	PG	2,331	$378.2k0.07%	0.07%	Reduced -4.6k	-4,572 -66.2%
97	VALMONT INDS INC COM VMI	VMI	1,568	$357.9k0.06%	0.06%	Reduced -95	-95 -5.7%
98	KINSALE CAP GROUP INC COM KNSL	KNSL	680	$356.8k0.06%	0.06%	Reduced -42	-42 -5.8%
99	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	13,750	$341.1k0.06%	0.06%	Unchanged
100	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	1,600	$327.8k0.06%	0.06%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
EAST WEST BANCORP INC EWBC	EWBC	10,240	$736.8k10.2k shares
COMMERCIAL METALS CO CMC	CMC	12,693	$635.2k12.7k shares
NASDAQ INC NDAQ	NDAQ	10,512	$611.2k10.5k shares
STATE STR CORP STT	STT	4,000	$309.8k4.0k shares
WALGREENS BOOTS ALLIANCE INC WBA	WBA	7,267	$189.7k7.3k shares
HARTFORD INSURANCE GROUP INC HIG	HIG	2,000	$160.8k2.0k shares
SPROTT ASSET MANAGEMENT LP CEF	CEF	7,500	$143.6k7.5k shares
ISHARES TR IWD	IWD	775	$128.1k775 shares
AFFIRM HLDGS INC AFRM	AFRM	2,500	$122.8k2.5k shares
TYLER TECHNOLOGIES INC TYL	TYL	250	$104.5k250 shares
EQUITRANS MIDSTREAM CORP ETRN	ETRN	10,000	$101.8k10.0k shares
VERTEX PHARMACEUTICALS INC VRTX	VRTX	221	$89.9k221 shares
COGNEX CORP CGNX	CGNX	1,900	$79.3k1.9k shares
WISDOMTREE TR IQDG	IQDG	1,794	$65.1k1.8k shares
SHELL PLC SHEL	SHEL	984	$64.7k984 shares
AXONICS INC AXNX	AXNX	995	$61.9k995 shares
CREDO TECHNOLOGY GROUP HOLDI CRDO	CRDO	1,334	$26.0k1.3k shares
ISHARES TR IWN	IWN	137	$21.3k137 shares
COINBASE GLOBAL INC COIN	COIN	110	$19.1k110 shares
AERSALE CORPORATION ASLE	ASLE	1,322	$16.8k1.3k shares
RPT REALTY RPT	RPT	1,200	$15.4k1.2k shares
FIRST COMWLTH FINL CORP PA FCF	FCF	978	$15.1k978 shares
COOPER COS INC		35	$13.2k35 shares
SPDR SERIES TRUST SLYG	SLYG	150	$12.5k150 shares
ENDAVA PLC DAVA	DAVA	161	$12.5k161 shares