ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2025-08-08

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.

$625.3m reported value +13.1% vs Q1 2025

254positions

41.2%in top 10

7 new 39 added 69 reduced 23 sold out vs Q1 2025

Also in the report of:

Integrated Investment Consultants, LLC – $7.0m of shares are in both reports

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

Holdings, Q2 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	148,665	$41.0m6.55%	6.55%	Reduced -1.5k	-1,453 -1.0%
2	NVIDIA CORPORATION COM NVDA	NVDA	189,315	$29.9m4.78%	4.78%	Added +2.6k	+2,570 1.4%
3	MICROSOFT CORP COM MSFT	MSFT	58,905	$29.3m4.69%	4.69%	Added +226	+226 0.4%
4	PALO ALTO NETWORKS INC COM PANW	PANW	138,968	$28.4m4.55%	4.55%	Added +419	+419 0.3%
5	STRYKER CORPORATION COM SYK	SYK	67,446	$26.7m4.27%	4.27%	Added +350	+350 0.5%
6	COSTCO WHSL CORP NEW COM COST	COST	23,883	$23.6m3.78%	3.78%	Reduced -86	-86 -0.4%
7	APPLE INC COM AAPL	AAPL	111,093	$22.8m3.65%	3.65%	Reduced -1.4k	-1,449 -1.3%
8	VISA INC COM CL A V	V	56,135	$19.9m3.19%	3.19%	Added +297	+297 0.5%
9	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	187,065	$18.8m3.01%	3.01%	Added +101.3k	+101,275 118.0%
10	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	91,739	$16.8m2.69%	2.69%	Reduced -1.5k	-1,496 -1.6%
11	AMAZON COM INC COM AMZN	AMZN	75,927	$16.7m2.66%	2.66%	Added +1.8k	+1,769 2.4%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	93,121	$16.4m2.62%	2.62%	Reduced -1.1k	-1,106 -1.2%
13	MONOLITHIC PWR SYS INC COM MPWR	MPWR	20,247	$14.8m2.37%	2.37%	Reduced -828	-828 -3.9%
14	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	48,858	$14.6m2.34%	2.34%	Reduced -1.6k	-1,581 -3.1%
15	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	157,575	$14.2m2.27%	2.27%	Reduced -3.4k	-3,375 -2.1%
16	SERVICENOW INC COM NOW	NOW	13,529	$13.9m2.22%	2.22%	Added +47	+47 0.3%
17	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,202	$13.1m2.09%	2.09%	Added +1.1k	+1,136 3.7%
18	VEEVA SYS INC CL A COM VEEV	VEEV	43,329	$12.5m2.00%	2.00%	Reduced -10	-10 -0.0%
19	STARBUCKS CORP COM SBUX	SBUX	117,806	$10.8m1.73%	1.73%	Reduced -4.4k	-4,395 -3.6%
20	ZSCALER INC COM ZS	ZS	30,901	$9.7m1.55%	1.55%	Added +815	+815 2.7%
21	SUNCOR ENERGY INC NEW COM SU	SU	247,467	$9.3m1.48%	1.48%	Reduced -22.6k	-22,605 -8.4%
22	ADOBE INC COM ADBE	ADBE	22,789	$8.8m1.41%	1.41%	Added +598	+598 2.7%
23	TRANE TECHNOLOGIES PLC SHS TT	TT	19,842	$8.7m1.39%	1.39%	Reduced -3.7k	-3,705 -15.7%
24	ILLINOIS TOOL WKS INC COM ITW	ITW	34,323	$8.5m1.36%	1.36%	Reduced -1.8k	-1,760 -4.9%
25	ALPHABET INC CAP STK CL C GOOG	GOOG	47,236	$8.4m1.34%	1.34%	Reduced -540	-540 -1.1%
26	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	10,227	$8.2m1.31%	1.31%	Added +504	+504 5.2%
27	WATSCO INC COM WSO	WSO	17,638	$7.8m1.25%	1.25%	Reduced -250	-250 -1.4%
28	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	15,042	$7.7m1.23%	1.23%	Added +2.6k	+2,577 20.7%
29	AIR PRODS & CHEMS INC COM APD	APD	26,876	$7.6m1.21%	1.21%	Reduced -2.7k	-2,669 -9.0%
30	AMERICAN EXPRESS CO COM AXP	AXP	23,694	$7.6m1.21%	1.21%	Reduced -405	-405 -1.7%
31	INTUIT COM INTU	INTU	8,397	$6.6m1.06%	1.06%	Unchanged
32	ECOLAB INC COM ECL	ECL	21,370	$5.8m0.92%	0.92%	Reduced -1.4k	-1,400 -6.2%
33	ELI LILLY & CO COM LLY	LLY	7,023	$5.5m0.88%	0.88%	Added +2.7k	+2,740 64.0%
34	TRACTOR SUPPLY CO COM TSCO	TSCO	100,895	$5.3m0.85%	0.85%	Reduced -2.0k	-1,955 -1.9%
35	HOME DEPOT INC COM HD	HD	14,209	$5.2m0.83%	0.83%	Reduced -647	-647 -4.4%
36	CBRE GROUP INC CL A CBRE	CBRE	35,296	$4.9m0.79%	0.79%	Unchanged
37	ORACLE CORP COM ORCL	ORCL	19,710	$4.3m0.69%	0.69%	Reduced -450	-450 -2.2%
38	META PLATFORMS INC CL A META	META	5,739	$4.2m0.68%	0.68%	Added +2.3k	+2,290 66.4%
39	WALMART INC COM WMT	WMT	43,305	$4.2m0.68%	0.68%	Reduced -1.3k	-1,255 -2.8%
40	BECTON DICKINSON & CO COM BDX	BDX	24,014	$4.1m0.66%	0.66%	Reduced -5.0k	-4,997 -17.2%
41	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	13,332	$4.1m0.66%	0.66%	Unchanged
42	PURE STORAGE INC CL A P	P	67,565	$3.9m0.62%	0.62%	Added +12.4k	+12,405 22.5%
43	UNITED RENTALS INC COM URI	URI	4,722	$3.6m0.57%	0.57%	Unchanged
44	ISHARES TR MSCI EAFE ETF EFA	EFA	38,817	$3.5m0.55%	0.55%	Added +510	+510 1.3%
45	FASTENAL CO COM FAST	FAST	81,606	$3.4m0.55%	0.55%	Reduced -29.8k	-29,828 -26.8%
46	PHREESIA INC COM PHR	PHR	113,470	$3.2m0.52%	0.52%	Added +20.7k	+20,700 22.3%
47	INGERSOLL RAND INC COM IR	IR	38,813	$3.2m0.52%	0.52%	Added +58	+58 0.1%
48	DIGITAL RLTY TR INC COM DLR	DLR	17,818	$3.1m0.50%	0.50%	Added +2.6k	+2,600 17.1%
49	GRIFFON CORP COM GFF	GFF	42,701	$3.1m0.49%	0.49%	Added +12.9k	+12,890 43.2%
50	ISHARES TR CORE S&P500 ETF IVV	IVV	4,966	$3.1m0.49%	0.49%	Unchanged
51	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	2,672	$2.8m0.45%	0.45%	Added +40	+40 1.5%
52	MURPHY USA INC COM MUSA	MUSA	6,305	$2.6m0.41%	0.41%	Added +3.8k	+3,828 154.5%
53	MONDELEZ INTL INC CL A MDLZ	MDLZ	35,973	$2.4m0.39%	0.39%	Reduced -6.6k	-6,640 -15.6%
54	ESSENTIAL UTILS INC COM WTRG	WTRG	62,200	$2.3m0.37%	0.37%	Reduced -952	-952 -1.5%
55	AES CORP COM AES	AES	211,455	$2.2m0.36%	0.36%	Added +197.9k	+197,855 1454.8%
56	AAON INC COM PAR $0.004 AAON	AAON	27,825	$2.1m0.33%	0.33%	Added +13.1k	+13,087 88.8%
57	DEXCOM INC COM DXCM	DXCM	20,470	$1.8m0.29%	0.29%	Added +5.4k	+5,365 35.5%
58	LAUDER ESTEE COS INC CL A EL	EL	20,832	$1.7m0.27%	0.27%	Added +3.1k	+3,054 17.2%
59	NEXTERA ENERGY INC COM NEE	NEE	24,058	$1.7m0.27%	0.27%	Added +4.5k	+4,495 23.0%
60	MCGRATH RENTCORP COM MGRC	MGRC	14,152	$1.6m0.26%	0.26%	Added +555	+555 4.1%
61	DANAHER CORPORATION COM DHR	DHR	7,956	$1.6m0.25%	0.25%	Reduced -3.3k	-3,300 -29.3%
62	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	80,486	$1.4m0.23%	0.23%	Added +5.5k	+5,450 7.3%
63	ZOETIS INC CL A ZTS	ZTS	8,134	$1.3m0.20%	0.20%	Reduced -328	-328 -3.9%
64	ISHARES TR RUSSELL 2000 ETF IWM	IWM	5,656	$1.2m0.20%	0.20%	Reduced -25	-25 -0.4%
65	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	2,200	$1.2m0.19%	0.19%	Unchanged
66	ISHARES TR RUS MD CP GR ETF IWP	IWP	8,425	$1.2m0.19%	0.19%	Added +75	+75 0.9%
67	QUANTA SVCS INC COM PWR	PWR	3,005	$1.1m0.18%	0.18%	Added +618	+618 25.9%
68	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	23,939	$1.1m0.18%	0.18%	Reduced -887	-887 -3.6%
69	NETFLIX INC COM NFLX	NFLX	814	$1.1m0.17%	0.17%	Reduced -10	-10 -1.2%
70	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	20,821	$1.0m0.16%	0.16%	Reduced -33	-33 -0.2%
71	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,910	$1.0m0.16%	0.16%	Unchanged
72	ABBVIE INC COM ABBV	ABBV	5,020	$931.8k0.15%	0.15%	Reduced -285	-285 -5.4%
73	KNIFE RIVER CORP COMMON STOCK KNF	KNF	11,111	$907.1k0.15%	0.15%	Reduced -292	-292 -2.6%
74	NUTANIX INC CL A NTNX	NTNX	11,715	$895.5k0.14%	0.14%	Added +3.6k	+3,565 43.7%
75	S&P GLOBAL INC COM SPGI	SPGI	1,680	$885.8k0.14%	0.14%	Unchanged
76	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	4,979	$861.1k0.14%	0.14%	Reduced -4.3k	-4,343 -46.6%
77	HALLIBURTON CO COM HAL	HAL	39,730	$809.7k0.13%	0.13%	Reduced -12.3k	-12,275 -23.6%
78	RPM INTL INC COM RPM	RPM	7,335	$805.7k0.13%	0.13%	Reduced -400	-400 -5.2%
79	PACER FDS TR PACER US SMALL CALF	CALF	17,225	$685.8k0.11%	0.11%	Reduced -350	-350 -2.0%
80	BOOKING HOLDINGS INC COM BKNG	BKNG	114	$660.0k0.11%	0.11%	Unchanged
81	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	7,989	$659.5k0.11%	0.11%	Reduced -105	-105 -1.3%
82	CHEVRON CORP NEW COM CVX	CVX	4,528	$648.4k0.10%	0.10%	Reduced -676	-676 -13.0%
83	JPMORGAN CHASE & CO COM JPM	JPM	2,099	$608.5k0.10%	0.10%	Added +4	+4 0.2%
84	FLOWERS FOODS INC COM FLO	FLO	37,490	$599.1k0.10%	0.10%	Added +3.5k	+3,530 10.4%
85	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	7,437	$591.2k0.09%	0.09%	Unchanged
86	RBC BEARINGS INC COM RBC	RBC	1,409	$542.2k0.09%	0.09%	Unchanged
87	VIATRIS INC COM VTRS	VTRS	60,000	$535.8k0.09%	0.09%	New
88	DYNE THERAPEUTICS INC COM DYN	DYN	55,215	$525.6k0.08%	0.08%	Added +10.3k	+10,350 23.1%
89	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	809	$499.8k0.08%	0.08%	Reduced -2	-2 -0.2%
90	PEPSICO INC COM PEP	PEP	3,775	$498.5k0.08%	0.08%	Reduced -3.1k	-3,080 -44.9%
91	ABBOTT LABS COM ABT	ABT	3,308	$449.9k0.07%	0.07%	Unchanged
92	FREEPORT-MCMORAN INC CL B FCX	FCX	10,000	$433.5k0.07%	0.07%	Unchanged
93	FORTIVE CORP COM FTV	FTV	7,879	$410.7k0.07%	0.07%	Unchanged
94	HUBSPOT INC COM HUBS	HUBS	700	$389.6k0.06%	0.06%	Unchanged
95	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	1,600	$388.8k0.06%	0.06%	Unchanged
96	CINTAS CORP COM CTAS	CTAS	1,700	$378.9k0.06%	0.06%	Unchanged
97	KINSALE CAP GROUP INC COM KNSL	KNSL	778	$376.5k0.06%	0.06%	Unchanged
98	NOVO-NORDISK A S ADR NVO	NVO	5,000	$345.1k0.06%	0.06%	Reduced -1.4k	-1,354 -21.3%
99	PROCTER AND GAMBLE CO COM PG	PG	2,100	$334.6k0.05%	0.05%	Reduced -175	-175 -7.7%
100	VALMONT INDS INC COM VMI	VMI	1,003	$327.6k0.05%	0.05%	Reduced -140	-140 -12.2%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
MODINE MFG CO MOD	MOD	2,300	$176.5k2.3k shares
VANGUARD INDEX FDS VOO	VOO	301	$154.6k301 shares
SAIA INC SAIA	SAIA	338	$118.1k338 shares
VERTEX INC VERX	VERX	2,862	$100.2k2.9k shares
PROSHARES TR SH	SH	2,187	$97.5k2.2k shares
PAR TECHNOLOGY CORP PAR	PAR	1,557	$95.5k1.6k shares
FTAI AVIATION LTD FTAI	FTAI	815	$90.5k815 shares
ALLSTATE CORP ALL	ALL	400	$82.8k400 shares
BEACON ROOFING SUPPLY INC BECN	BECN	650	$80.4k650 shares
UNIVERSAL TECHNICAL INST INC UTI	UTI	3,075	$79.0k3.1k shares
AEROVIRONMENT INC AVAV	AVAV	657	$78.2k657 shares
MEDPACE HLDGS INC MEDP	MEDP	216	$65.8k216 shares
PARKER-HANNIFIN CORP PH	PH	100	$60.8k100 shares
LOAR HOLDINGS INC LOAR	LOAR	831	$58.7k831 shares
SKYWARD SPECIALTY INS GROUP SKWD	SKWD	1,000	$52.9k1.0k shares
VERICEL CORP VCEL	VCEL	870	$38.8k870 shares
ARTIVION INC AORT	AORT	1,493	$36.7k1.5k shares
LATTICE SEMICONDUCTOR CORP LSCC	LSCC	663	$34.8k663 shares
SCHLUMBERGER LTD SLB	SLB	745	$31.1k745 shares
GENTEX CORP GNTX	GNTX	800	$18.6k800 shares
CASTLE BIOSCIENCES INC CSTL	CSTL	904	$18.1k904 shares
DOLLAR GEN CORP NEW DG	DG	150	$13.2k150 shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	100	$7.0k100 shares