ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2025-02-03

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.

$625.5m reported value +2.8% vs Q3 2024

304positions

40.6%in top 10

78 new 63 added 57 reduced 28 sold out vs Q3 2024

Also in the report of:

Integrated Investment Consultants, LLC – $8.3m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q4 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	186,157	$43.2m6.90%	6.90%	Reduced -1.7k	-1,678 -0.9%
2	APPLE INC COM AAPL	AAPL	120,153	$30.1m4.81%	4.81%	Added +291	+291 0.2%
3	PALO ALTO NETWORKS INC COM PANW	PANW	144,587	$26.3m4.21%	4.21%	Added +2.1k	+2,057 1.4%
4	NVIDIA CORPORATION COM NVDA	NVDA	190,945	$25.6m4.10%	4.10%	Reduced -3.2k	-3,158 -1.6%
5	MICROSOFT CORP COM MSFT	MSFT	60,772	$25.6m4.10%	4.10%	Added +321	+321 0.5%
6	STRYKER CORPORATION COM SYK	SYK	69,859	$25.2m4.02%	4.02%	Reduced -105	-105 -0.1%
7	COSTCO WHSL CORP NEW COM COST	COST	25,748	$23.6m3.77%	3.77%	Reduced -679	-679 -2.6%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	97,309	$18.4m2.94%	2.94%	Added +854	+854 0.9%
9	VISA INC COM CL A V	V	57,200	$18.1m2.89%	2.89%	Added +2.0k	+1,972 3.6%
10	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	51,040	$18.0m2.87%	2.87%	Added +53	+53 0.1%
11	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,271	$16.8m2.68%	2.68%	Added +111	+111 0.3%
12	AMAZON COM INC COM AMZN	AMZN	75,381	$16.5m2.64%	2.64%	Added +521	+521 0.7%
13	SERVICENOW INC COM NOW	NOW	13,600	$14.4m2.30%	2.30%	Added +277	+277 2.1%
14	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	96,015	$14.3m2.29%	2.29%	Added +1.4k	+1,448 1.5%
15	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	11,782	$14.0m2.23%	2.23%	Reduced -244	-244 -2.0%
16	MONOLITHIC PWR SYS INC COM MPWR	MPWR	22,115	$13.1m2.09%	2.09%	Added +567	+567 2.6%
17	STARBUCKS CORP COM SBUX	SBUX	125,675	$11.5m1.83%	1.83%	Reduced -9.9k	-9,948 -7.3%
18	VEEVA SYS INC CL A COM VEEV	VEEV	54,049	$11.4m1.82%	1.82%	Reduced -2.9k	-2,877 -5.0%
19	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	9,538	$10.5m1.69%	1.69%	Reduced -897	-897 -8.6%
20	INTUIT COM INTU	INTU	16,190	$10.2m1.63%	1.63%	Reduced -15	-15 -0.1%
21	ADOBE INC COM ADBE	ADBE	22,215	$9.9m1.58%	1.58%	Added +2.3k	+2,348 11.8%
22	SUNCOR ENERGY INC NEW COM SU	SU	273,437	$9.8m1.56%	1.56%	Added +5.6k	+5,612 2.1%
23	ILLINOIS TOOL WKS INC COM ITW	ITW	38,029	$9.6m1.54%	1.54%	Reduced -949	-949 -2.4%
24	ALPHABET INC CAP STK CL C GOOG	GOOG	48,461	$9.2m1.48%	1.48%	Reduced -900	-900 -1.8%
25	TRANE TECHNOLOGIES PLC SHS TT	TT	24,476	$9.0m1.45%	1.45%	Added +242	+242 1.0%
26	AIR PRODS & CHEMS INC COM APD	APD	29,905	$8.7m1.39%	1.39%	Reduced -709	-709 -2.3%
27	WATSCO INC COM WSO	WSO	18,187	$8.6m1.38%	1.38%	Reduced -910	-910 -4.8%
28	BECTON DICKINSON & CO COM BDX	BDX	37,488	$8.5m1.36%	1.36%	Added +11.5k	+11,472 44.1%
29	AMERICAN EXPRESS CO COM AXP	AXP	25,365	$7.5m1.20%	1.20%	Reduced -469	-469 -1.8%
30	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	66,930	$6.7m1.07%	1.07%	Added +22.7k	+22,652 51.2%
31	HOME DEPOT INC COM HD	HD	17,231	$6.7m1.07%	1.07%	Reduced -334	-334 -1.9%
32	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	9,008	$6.2m1.00%	1.00%	Added +1.4k	+1,363 17.8%
33	ECOLAB INC COM ECL	ECL	25,160	$5.9m0.94%	0.94%	Reduced -43	-43 -0.2%
34	TRACTOR SUPPLY CO COM TSCO	TSCO	106,225	$5.6m0.90%	0.90%	Added +3.5k	+3,500 3.4%
35	CBRE GROUP INC CL A CBRE	CBRE	40,905	$5.4m0.86%	0.86%	Reduced -309	-309 -0.8%
36	ZSCALER INC COM ZS	ZS	29,340	$5.3m0.85%	0.85%	Added +736	+736 2.6%
37	FASTENAL CO COM FAST	FAST	69,767	$5.0m0.80%	0.80%	Reduced -2.1k	-2,100 -2.9%
38	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	15,013	$4.4m0.70%	0.70%	Reduced -25	-25 -0.2%
39	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	11,954	$4.1m0.65%	0.65%	Added +2.8k	+2,814 30.8%
40	INGERSOLL RAND INC COM IR	IR	44,741	$4.0m0.65%	0.65%	Added +397	+397 0.9%
41	WALMART INC COM WMT	WMT	43,270	$3.9m0.62%	0.62%	Added +3.7k	+3,737 9.4%
42	ORACLE CORP COM ORCL	ORCL	20,910	$3.5m0.56%	0.56%	Reduced -6.4k	-6,410 -23.5%
43	UNITED RENTALS INC COM URI	URI	4,787	$3.4m0.54%	0.54%	Added +20	+20 0.4%
44	PURE STORAGE INC CL A P	P	54,280	$3.3m0.53%	0.53%	Added +8.5k	+8,540 18.7%
45	ELI LILLY & CO COM LLY	LLY	4,300	$3.3m0.53%	0.53%	Added +1.9k	+1,903 79.4%
46	ISHARES TR CORE S&P500 ETF IVV	IVV	4,964	$2.9m0.47%	0.47%	Unchanged
47	MONDELEZ INTL INC CL A MDLZ	MDLZ	48,556	$2.9m0.46%	0.46%	Reduced -16.1k	-16,108 -24.9%
48	ISHARES TR MSCI EAFE ETF EFA	EFA	36,819	$2.8m0.45%	0.45%	Reduced -200	-200 -0.5%
49	DIGITAL RLTY TR INC COM DLR	DLR	15,323	$2.7m0.43%	0.43%	Reduced -30	-30 -0.2%
50	DANAHER CORPORATION COM DHR	DHR	11,636	$2.7m0.43%	0.43%	Reduced -367	-367 -3.1%
51	PHREESIA INC COM PHR	PHR	92,155	$2.3m0.37%	0.37%	Reduced -4.9k	-4,930 -5.1%
52	ESSENTIAL UTILS INC COM WTRG	WTRG	62,697	$2.3m0.36%	0.36%	Reduced -3.3k	-3,323 -5.0%
53	META PLATFORMS INC CL A META	META	3,401	$2.0m0.32%	0.32%	Added +541	+541 18.9%
54	AAON INC COM PAR $0.004 AAON	AAON	14,323	$1.7m0.27%	0.27%	Added +792	+792 5.8%
55	GRIFFON CORP COM GFF	GFF	23,551	$1.7m0.27%	0.27%	Added +6.1k	+6,125 35.1%
56	GLOBAL PMTS INC COM GPN	GPN	14,480	$1.6m0.26%	0.26%	Added +958	+958 7.1%
57	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	9,752	$1.5m0.25%	0.25%	Reduced -2.6k	-2,609 -21.1%
58	MCGRATH RENTCORP COM MGRC	MGRC	13,602	$1.5m0.24%	0.24%	Added +75	+75 0.6%
59	LAUDER ESTEE COS INC CL A EL	EL	19,543	$1.5m0.23%	0.23%	Reduced -6.9k	-6,879 -26.0%
60	DEXCOM INC COM DXCM	DXCM	18,690	$1.5m0.23%	0.23%	Reduced -1.1k	-1,110 -5.6%
61	NEXTERA ENERGY INC COM NEE	NEE	19,882	$1.4m0.23%	0.23%	Added +2.3k	+2,305 13.1%
62	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	25,001	$1.4m0.23%	0.23%	Unchanged
63	HALLIBURTON CO COM HAL	HAL	51,890	$1.4m0.23%	0.23%	Added +1.7k	+1,685 3.4%
64	ZOETIS INC CL A ZTS	ZTS	8,552	$1.4m0.22%	0.22%	Reduced -138	-138 -1.6%
65	ABBVIE INC COM ABBV	ABBV	7,479	$1.3m0.21%	0.21%	Reduced -201	-201 -2.6%
66	ISHARES TR RUSSELL 2000 ETF IWM	IWM	5,681	$1.3m0.20%	0.20%	Reduced -500	-500 -8.1%
67	KNIFE RIVER CORP COMMON STOCK KNF	KNF	11,403	$1.2m0.19%	0.19%	Unchanged
68	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	2,200	$1.1m0.18%	0.18%	Unchanged
69	MURPHY USA INC COM MUSA	MUSA	2,212	$1.1m0.18%	0.18%	Added +258	+258 13.2%
70	PEPSICO INC COM PEP	PEP	7,174	$1.1m0.17%	0.17%	Added +3.4k	+3,439 92.1%
71	DYNE THERAPEUTICS INC COM DYN	DYN	44,940	$1.1m0.17%	0.17%	Added +6.3k	+6,326 16.4%
72	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	52,736	$1.1m0.17%	0.17%	Reduced -86.9k	-86,920 -62.2%
73	RPM INTL INC COM RPM	RPM	7,735	$951.9k0.15%	0.15%	Unchanged
74	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$947.4k0.15%	0.15%	Unchanged
75	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	20,754	$914.0k0.15%	0.15%	Added +405	+405 2.0%
76	SAREPTA THERAPEUTICS INC COM SRPT	SRPT	6,935	$843.2k0.13%	0.13%	New
77	S&P GLOBAL INC COM SPGI	SPGI	1,680	$836.7k0.13%	0.13%	Unchanged
78	EXXON MOBIL CORP COM XOM	XOM	7,386	$794.5k0.13%	0.13%	Reduced -3.4k	-3,367 -31.3%
79	CHEVRON CORP NEW COM CVX	CVX	5,349	$774.8k0.12%	0.12%	Reduced -1.9k	-1,865 -25.9%
80	SYSCO CORP COM SYY	SYY	9,810	$750.1k0.12%	0.12%	Reduced -7.4k	-7,447 -43.1%
81	NETFLIX INC COM NFLX	NFLX	824	$734.4k0.12%	0.12%	Added +36	+36 4.6%
82	FLOWERS FOODS INC COM FLO	FLO	33,960	$701.6k0.11%	0.11%	Reduced -10.7k	-10,680 -23.9%
83	PACER FDS TR PACER US SMALL CALF	CALF	15,840	$697.1k0.11%	0.11%	Added +1.1k	+1,150 7.8%
84	QUANTA SVCS INC COM PWR	PWR	2,115	$668.4k0.11%	0.11%	Added +1.1k	+1,115 111.5%
85	ISHARES TR RUS MD CP GR ETF IWP	IWP	5,050	$640.1k0.10%	0.10%	Added +3.0k	+3,000 146.3%
86	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	8,394	$601.4k0.10%	0.10%	Added +5	+5 0.1%
87	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	7,657	$597.3k0.10%	0.10%	Unchanged
88	FORTIVE CORP COM FTV	FTV	7,879	$590.9k0.09%	0.09%	Unchanged
89	BOOKING HOLDINGS INC COM BKNG	BKNG	114	$566.4k0.09%	0.09%	Unchanged
90	JPMORGAN CHASE & CO COM JPM	JPM	2,095	$502.2k0.08%	0.08%	Added +140	+140 7.2%
91	HUBSPOT INC COM HUBS	HUBS	700	$487.7k0.08%	0.08%	Unchanged
92	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	811	$475.3k0.08%	0.08%	Added +74	+74 10.0%
93	IDEXX LABS INC COM IDXX	IDXX	1,109	$458.5k0.07%	0.07%	Reduced -1.5k	-1,452 -56.7%
94	RBC BEARINGS INC COM RBC	RBC	1,409	$421.5k0.07%	0.07%	Added +410	+410 41.0%
95	NUTANIX INC CL A NTNX	NTNX	6,450	$394.6k0.06%	0.06%	Added +2.9k	+2,850 79.2%
96	PROCTER AND GAMBLE CO COM PG	PG	2,275	$381.4k0.06%	0.06%	Reduced -56	-56 -2.4%
97	FREEPORT-MCMORAN INC CL B FCX	FCX	10,000	$380.8k0.06%	0.06%	Unchanged
98	ABBOTT LABS COM ABT	ABT	3,331	$376.8k0.06%	0.06%	Reduced -1.3k	-1,265 -27.5%
99	NOVO-NORDISK A S ADR NVO	NVO	4,354	$374.5k0.06%	0.06%	Added +1.0k	+1,000 29.8%
100	KINSALE CAP GROUP INC COM KNSL	KNSL	778	$361.9k0.06%	0.06%	Added +305	+305 64.5%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
PROSHARES TR SH	SH	87,250	$946.7k87.2k shares
STERICYCLE INC SRCL	SRCL	10,000	$610.0k10.0k shares
ALIGN TECHNOLOGY INC ALGN	ALGN	1,400	$356.4k1.4k shares
ISHARES TR IBDP	IBDP	13,400	$337.8k13.4k shares
BLACKROCK INC BLK	BLK	250	$237.4k250 shares
ISHARES TR IBTE	IBTE	6,500	$156.0k6.5k shares
BEAM THERAPEUTICS INC BEAM	BEAM	4,000	$98.0k4.0k shares
NEXTRACKER INC NXT	NXT	2,000	$74.9k2.0k shares
SYMBOTIC INC SYM	SYM	2,000	$48.8k2.0k shares
CALIX INC CALX	CALX	1,000	$38.8k1.0k shares
EDITAS MEDICINE INC EDIT	EDIT	11,300	$38.5k11.3k shares
STAAR SURGICAL CO STAA	STAA	1,000	$37.2k1.0k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	3,000	$32.0k3.0k shares
TACTILE SYS TECHNOLOGY INC TCMD	TCMD	2,000	$29.2k2.0k shares
ATRICURE INC ATRC	ATRC	1,000	$28.0k1.0k shares
ABCELLERA BIOLOGICS INC ABCL	ABCL	10,000	$26.0k10.0k shares
MARSH & MCLENNAN COS INC MRSH	MRSH	74	$16.5k74 shares
UNITEDHEALTH GROUP INC UNH	UNH	20	$11.7k20 shares
PAYPAL HLDGS INC PYPL	PYPL	125	$9.8k125 shares
NXP SEMICONDUCTORS N V NXPI	NXPI	36	$8.6k36 shares
LAM RESEARCH CORP		80	$6.5k80 shares
CHARTER COMMUNICATIONS INC N CHTR	CHTR	20	$6.5k20 shares
MCDONALDS CORP MCD	MCD	20	$6.1k20 shares
IMMUNITYBIO INC IBRX	IBRX	1,000	$3.7k1.0k shares
ACHILLES THERAPEUTICS PLC		3,000	$3.1k3.0k shares