ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2025-04-30

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.

$552.6m reported value -11.7% vs Q4 2024

270positions

38.9%in top 10

3 new 32 added 77 reduced 37 sold out vs Q4 2024

Also in the report of:

Integrated Investment Consultants, LLC – $7.7m of shares are in both reports

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

Holdings, Q1 2025

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	150,118	$25.1m4.55%	4.55%	Reduced -36.0k	-36,039 -19.4%
2	APPLE INC COM AAPL	AAPL	112,542	$25.0m4.52%	4.52%	Reduced -7.6k	-7,611 -6.3%
3	STRYKER CORPORATION COM SYK	SYK	67,096	$25.0m4.52%	4.52%	Reduced -2.8k	-2,763 -4.0%
4	PALO ALTO NETWORKS INC COM PANW	PANW	138,549	$23.6m4.28%	4.28%	Reduced -6.0k	-6,038 -4.2%
5	COSTCO WHSL CORP NEW COM COST	COST	23,969	$22.7m4.10%	4.10%	Reduced -1.8k	-1,779 -6.9%
6	MICROSOFT CORP COM MSFT	MSFT	58,679	$22.0m3.99%	3.99%	Reduced -2.1k	-2,093 -3.4%
7	NVIDIA CORPORATION COM NVDA	NVDA	186,745	$20.2m3.66%	3.66%	Reduced -4.2k	-4,200 -2.2%
8	VISA INC COM CL A V	V	55,838	$19.6m3.54%	3.54%	Reduced -1.4k	-1,362 -2.4%
9	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	93,235	$16.1m2.91%	2.91%	Reduced -2.8k	-2,780 -2.9%
10	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	50,439	$15.7m2.85%	2.85%	Reduced -601	-601 -1.2%
11	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	31,066	$15.5m2.80%	2.80%	Reduced -1.2k	-1,205 -3.7%
12	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	10,730	$15.4m2.78%	2.78%	Reduced -1.1k	-1,052 -8.9%
13	ALPHABET INC CAP STK CL A GOOGL	GOOGL	94,227	$14.6m2.64%	2.64%	Reduced -3.1k	-3,082 -3.2%
14	AMAZON COM INC COM AMZN	AMZN	74,158	$14.1m2.55%	2.55%	Reduced -1.2k	-1,223 -1.6%
15	MONOLITHIC PWR SYS INC COM MPWR	MPWR	21,075	$12.2m2.21%	2.21%	Reduced -1.0k	-1,040 -4.7%
16	STARBUCKS CORP COM SBUX	SBUX	122,201	$12.0m2.17%	2.17%	Reduced -3.5k	-3,474 -2.8%
17	SERVICENOW INC COM NOW	NOW	13,482	$10.7m1.94%	1.94%	Reduced -118	-118 -0.9%
18	SUNCOR ENERGY INC NEW COM SU	SU	270,072	$10.5m1.89%	1.89%	Reduced -3.4k	-3,365 -1.2%
19	VEEVA SYS INC CL A COM VEEV	VEEV	43,339	$10.0m1.82%	1.82%	Reduced -10.7k	-10,710 -19.8%
20	WATSCO INC COM WSO	WSO	17,888	$9.1m1.65%	1.65%	Reduced -299	-299 -1.6%
21	ILLINOIS TOOL WKS INC COM ITW	ITW	36,083	$8.9m1.62%	1.62%	Reduced -1.9k	-1,946 -5.1%
22	AIR PRODS & CHEMS INC COM APD	APD	29,545	$8.7m1.58%	1.58%	Reduced -360	-360 -1.2%
23	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	85,790	$8.6m1.56%	1.56%	Added +18.9k	+18,860 28.2%
24	ADOBE INC COM ADBE	ADBE	22,191	$8.5m1.54%	1.54%	Reduced -24	-24 -0.1%
25	TRANE TECHNOLOGIES PLC SHS TT	TT	23,547	$7.9m1.44%	1.44%	Reduced -929	-929 -3.8%
26	ALPHABET INC CAP STK CL C GOOG	GOOG	47,776	$7.5m1.35%	1.35%	Reduced -685	-685 -1.4%
27	BECTON DICKINSON & CO COM BDX	BDX	29,011	$6.6m1.20%	1.20%	Reduced -8.5k	-8,477 -22.6%
28	AMERICAN EXPRESS CO COM AXP	AXP	24,099	$6.5m1.17%	1.17%	Reduced -1.3k	-1,266 -5.0%
29	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	9,723	$6.4m1.17%	1.17%	Added +715	+715 7.9%
30	ZSCALER INC COM ZS	ZS	30,086	$6.0m1.08%	1.08%	Added +746	+746 2.5%
31	ECOLAB INC COM ECL	ECL	22,770	$5.8m1.04%	1.04%	Reduced -2.4k	-2,390 -9.5%
32	TRACTOR SUPPLY CO COM TSCO	TSCO	102,850	$5.7m1.03%	1.03%	Reduced -3.4k	-3,375 -3.2%
33	HOME DEPOT INC COM HD	HD	14,856	$5.4m0.99%	0.99%	Reduced -2.4k	-2,375 -13.8%
34	INTUIT COM INTU	INTU	8,397	$5.2m0.93%	0.93%	Reduced -7.8k	-7,793 -48.1%
35	CBRE GROUP INC CL A CBRE	CBRE	35,296	$4.6m0.84%	0.84%	Reduced -5.6k	-5,609 -13.7%
36	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	12,465	$4.4m0.80%	0.80%	Added +511	+511 4.3%
37	FASTENAL CO COM FAST	FAST	55,717	$4.3m0.78%	0.78%	Reduced -14.1k	-14,050 -20.1%
38	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	13,332	$4.1m0.74%	0.74%	Reduced -1.7k	-1,681 -11.2%
39	WALMART INC COM WMT	WMT	44,560	$3.9m0.71%	0.71%	Added +1.3k	+1,290 3.0%
40	ELI LILLY & CO COM LLY	LLY	4,283	$3.5m0.64%	0.64%	Reduced -17	-17 -0.4%
41	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	2,632	$3.5m0.63%	0.63%	Reduced -6.9k	-6,906 -72.4%
42	ISHARES TR MSCI EAFE ETF EFA	EFA	38,307	$3.1m0.57%	0.57%	Added +1.5k	+1,488 4.0%
43	INGERSOLL RAND INC COM IR	IR	38,755	$3.1m0.56%	0.56%	Reduced -6.0k	-5,986 -13.4%
44	UNITED RENTALS INC COM URI	URI	4,722	$3.0m0.54%	0.54%	Reduced -65	-65 -1.4%
45	MONDELEZ INTL INC CL A MDLZ	MDLZ	42,613	$2.9m0.52%	0.52%	Reduced -5.9k	-5,943 -12.2%
46	ORACLE CORP COM ORCL	ORCL	20,160	$2.8m0.51%	0.51%	Reduced -750	-750 -3.6%
47	ISHARES TR CORE S&P500 ETF IVV	IVV	4,966	$2.8m0.50%	0.50%	Added +2	+2 0.0%
48	ESSENTIAL UTILS INC COM WTRG	WTRG	63,152	$2.5m0.45%	0.45%	Added +455	+455 0.7%
49	PURE STORAGE INC CL A P	P	55,160	$2.4m0.44%	0.44%	Added +880	+880 1.6%
50	PHREESIA INC COM PHR	PHR	92,770	$2.4m0.43%	0.43%	Added +615	+615 0.7%
51	DANAHER CORPORATION COM DHR	DHR	11,256	$2.3m0.42%	0.42%	Reduced -380	-380 -3.3%
52	DIGITAL RLTY TR INC COM DLR	DLR	15,218	$2.2m0.39%	0.39%	Reduced -105	-105 -0.7%
53	GRIFFON CORP COM GFF	GFF	29,811	$2.1m0.39%	0.39%	Added +6.3k	+6,260 26.6%
54	META PLATFORMS INC CL A META	META	3,449	$2.0m0.36%	0.36%	Added +48	+48 1.4%
55	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	9,322	$1.7m0.30%	0.30%	Reduced -430	-430 -4.4%
56	MCGRATH RENTCORP COM MGRC	MGRC	13,597	$1.5m0.27%	0.27%	Reduced -5	-5 -0.0%
57	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	24,826	$1.5m0.27%	0.27%	Reduced -175	-175 -0.7%
58	GLOBAL PMTS INC COM GPN	GPN	14,760	$1.4m0.26%	0.26%	Added +280	+280 1.9%
59	ZOETIS INC CL A ZTS	ZTS	8,462	$1.4m0.25%	0.25%	Reduced -90	-90 -1.1%
60	NEXTERA ENERGY INC COM NEE	NEE	19,563	$1.4m0.25%	0.25%	Reduced -319	-319 -1.6%
61	HALLIBURTON CO COM HAL	HAL	52,005	$1.3m0.24%	0.24%	Added +115	+115 0.2%
62	LAUDER ESTEE COS INC CL A EL	EL	17,778	$1.2m0.21%	0.21%	Reduced -1.8k	-1,765 -9.0%
63	MURPHY USA INC COM MUSA	MUSA	2,477	$1.2m0.21%	0.21%	Added +265	+265 12.0%
64	AAON INC COM PAR $0.004 AAON	AAON	14,738	$1.2m0.21%	0.21%	Added +415	+415 2.9%
65	ISHARES TR RUSSELL 2000 ETF IWM	IWM	5,681	$1.1m0.21%	0.21%	Unchanged
66	ABBVIE INC COM ABBV	ABBV	5,305	$1.1m0.20%	0.20%	Reduced -2.2k	-2,174 -29.1%
67	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	2,200	$1.1m0.20%	0.20%	Unchanged
68	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	75,036	$1.1m0.20%	0.20%	Added +22.3k	+22,300 42.3%
69	DEXCOM INC COM DXCM	DXCM	15,105	$1.0m0.19%	0.19%	Reduced -3.6k	-3,585 -19.2%
70	KNIFE RIVER CORP COMMON STOCK KNF	KNF	11,403	$1.0m0.19%	0.19%	Unchanged
71	PEPSICO INC COM PEP	PEP	6,855	$1.0m0.19%	0.19%	Reduced -319	-319 -4.5%
72	ISHARES TR RUS MD CP GR ETF IWP	IWP	8,350	$981.0k0.18%	0.18%	Added +3.3k	+3,300 65.3%
73	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	20,854	$943.9k0.17%	0.17%	Added +100	+100 0.5%
74	RPM INTL INC COM RPM	RPM	7,735	$894.8k0.16%	0.16%	Unchanged
75	CHEVRON CORP NEW COM CVX	CVX	5,204	$870.6k0.16%	0.16%	Reduced -145	-145 -2.7%
76	S&P GLOBAL INC COM SPGI	SPGI	1,680	$853.6k0.15%	0.15%	Unchanged
77	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$850.7k0.15%	0.15%	Unchanged
78	EXXON MOBIL CORP COM XOM	XOM	7,153	$850.7k0.15%	0.15%	Reduced -233	-233 -3.1%
79	NETFLIX INC COM NFLX	NFLX	824	$768.4k0.14%	0.14%	Unchanged
80	SYSCO CORP COM SYY	SYY	9,564	$717.7k0.13%	0.13%	Reduced -246	-246 -2.5%
81	PACER FDS TR PACER US SMALL CALF	CALF	17,575	$659.1k0.12%	0.12%	Added +1.7k	+1,735 10.9%
82	FLOWERS FOODS INC COM FLO	FLO	33,960	$645.6k0.12%	0.12%	Unchanged
83	QUANTA SVCS INC COM PWR	PWR	2,387	$606.7k0.11%	0.11%	Added +272	+272 12.9%
84	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	8,094	$599.5k0.11%	0.11%	Reduced -300	-300 -3.6%
85	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	7,437	$587.1k0.11%	0.11%	Reduced -220	-220 -2.9%
86	FORTIVE CORP COM FTV	FTV	7,879	$576.6k0.10%	0.10%	Unchanged
87	NUTANIX INC CL A NTNX	NTNX	8,150	$569.0k0.10%	0.10%	Added +1.7k	+1,700 26.4%
88	BOOKING HOLDINGS INC COM BKNG	BKNG	114	$525.2k0.10%	0.10%	Unchanged
89	JPMORGAN CHASE & CO COM JPM	JPM	2,095	$513.9k0.09%	0.09%	Unchanged
90	SAREPTA THERAPEUTICS INC COM SRPT	SRPT	7,815	$498.8k0.09%	0.09%	Added +880	+880 12.7%
91	DYNE THERAPEUTICS INC COM DYN	DYN	44,865	$469.3k0.08%	0.08%	Reduced -75	-75 -0.2%
92	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	811	$453.7k0.08%	0.08%	Unchanged
93	RBC BEARINGS INC COM RBC	RBC	1,409	$453.4k0.08%	0.08%	Unchanged
94	NOVO-NORDISK A S ADR NVO	NVO	6,354	$441.2k0.08%	0.08%	Added +2.0k	+2,000 45.9%
95	ABBOTT LABS COM ABT	ABT	3,308	$438.8k0.08%	0.08%	Reduced -23	-23 -0.7%
96	HUBSPOT INC COM HUBS	HUBS	700	$399.9k0.07%	0.07%	Unchanged
97	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	1,600	$387.9k0.07%	0.07%	Unchanged
98	PROCTER AND GAMBLE CO COM PG	PG	2,275	$387.7k0.07%	0.07%	Unchanged
99	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	11,141	$380.3k0.07%	0.07%	Unchanged
100	KINSALE CAP GROUP INC COM KNSL	KNSL	778	$378.7k0.07%	0.07%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
Q2 HLDGS INC QTWO	QTWO	1,776	$178.8k1.8k shares
PAYMENTUS HOLDINGS INC PAY	PAY	4,087	$133.5k4.1k shares
TANDEM DIABETES CARE INC TNDM	TNDM	3,584	$129.1k3.6k shares
FRESHPET INC FRPT	FRPT	739	$109.5k739 shares
NAPCO SEC TECHNOLOGIES INC NSSC	NSSC	2,429	$86.4k2.4k shares
ON SEMICONDUCTOR CORP ON	ON	1,200	$75.7k1.2k shares
STERLING INFRASTRUCTURE INC STRL	STRL	419	$70.6k419 shares
AGREE RLTY CORP ADC	ADC	1,000	$70.5k1.0k shares
C3 AI INC AI	AI	2,000	$68.9k2.0k shares
PROCEPT BIOROBOTICS CORP PRCT	PRCT	790	$63.6k790 shares
AGILYSYS INC AGYS	AGYS	463	$61.0k463 shares
GLOBAL E ONLINE LTD GLBE	GLBE	1,087	$59.3k1.1k shares
OLLIES BARGAIN OUTLET HLDGS OLLI	OLLI	532	$58.4k532 shares
SPS COMM INC SPSC	SPSC	310	$57.0k310 shares
ON HLDG AG ONON	ONON	968	$53.0k968 shares
APPFOLIO INC APPF	APPF	203	$50.1k203 shares
HEXCEL CORP NEW HXL	HXL	785	$49.2k785 shares
FLYWIRE CORPORATION FLYW	FLYW	2,352	$48.5k2.4k shares
UNIVERSAL STAINLESS & ALLOY		1,058	$46.6k1.1k shares
MYR GROUP INC DEL MYRG	MYRG	313	$46.6k313 shares
RXSIGHT INC RXST	RXST	1,333	$45.8k1.3k shares
FLEXSHARES TR GUNR	GUNR	1,125	$40.9k1.1k shares
QUINSTREET INC QNST	QNST	1,639	$37.8k1.6k shares
KURA SUSHI USA INC KRUS	KRUS	339	$30.7k339 shares
MONDAY COM LTD MNDY	MNDY	118	$27.8k118 shares