ARCADIA INVESTMENT MANAGEMENT CORP/MI

KALAMAZOO, MI · CIK 1016972 · 13F filing filed 2026-02-10

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.

$616.2m reported value -5.0% vs Q3 2025

387positions

43.8%in top 10

144 new 86 added 77 reduced 13 sold out vs Q3 2025

Also in the report of:

Integrated Investment Consultants, LLC – $9.4m of shares are in both reports

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

Holdings, Q4 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	136,460	$47.2m7.66%	7.66%	Reduced -7.3k	-7,311 -5.1%
2	NVIDIA CORPORATION COM NVDA	NVDA	176,419	$32.9m5.34%	5.34%	Reduced -5.3k	-5,306 -2.9%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	89,819	$28.1m4.56%	4.56%	Reduced -3.0k	-3,032 -3.3%
4	APPLE INC COM AAPL	AAPL	102,172	$27.8m4.51%	4.51%	Reduced -5.4k	-5,371 -5.0%
5	MICROSOFT CORP COM MSFT	MSFT	55,524	$26.9m4.36%	4.36%	Reduced -2.1k	-2,104 -3.6%
6	PALO ALTO NETWORKS INC COM PANW	PANW	135,987	$25.0m4.06%	4.06%	Added +752	+752 0.6%
7	STRYKER CORPORATION COM SYK	SYK	66,029	$23.2m3.77%	3.77%	Reduced -1.6k	-1,626 -2.4%
8	COSTCO WHSL CORP NEW COM COST	COST	23,693	$20.4m3.32%	3.32%	Reduced -381	-381 -1.6%
9	VISA INC COM CL A V	V	55,981	$19.6m3.19%	3.19%	Reduced -857	-857 -1.5%
10	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,270	$18.7m3.03%	3.03%	Reduced -962	-962 -2.9%
11	MONOLITHIC PWR SYS INC COM MPWR	MPWR	20,213	$18.3m2.97%	2.97%	Reduced -130	-130 -0.6%
12	AMAZON COM INC COM AMZN	AMZN	71,847	$16.6m2.69%	2.69%	Reduced -4.4k	-4,440 -5.8%
13	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	155,305	$15.6m2.53%	2.53%	Reduced -14.5k	-14,490 -8.5%
14	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	91,137	$14.8m2.40%	2.40%	Added +451	+451 0.5%
15	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	150,017	$13.7m2.22%	2.22%	Reduced -7.1k	-7,088 -4.5%
16	ALPHABET INC CAP STK CL C GOOG	GOOG	39,748	$12.5m2.02%	2.02%	Reduced -4.7k	-4,708 -10.6%
17	SERVICENOW INC COM NOW	NOW	75,265	$11.5m1.87%	1.87%	Added +4.0k	+3,980 5.6%
18	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	38,380	$10.3m1.67%	1.67%	Reduced -6.1k	-6,100 -13.7%
19	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	9,580	$10.2m1.66%	1.66%	Added +36	+36 0.4%
20	SUNCOR ENERGY INC NEW COM SU	SU	229,438	$10.2m1.65%	1.65%	Reduced -17.1k	-17,109 -6.9%
21	VEEVA SYS INC CL A COM VEEV	VEEV	43,214	$9.6m1.57%	1.57%	Added +460	+460 1.1%
22	ELI LILLY & CO COM LLY	LLY	8,481	$9.1m1.48%	1.48%	Reduced -537	-537 -6.0%
23	ZSCALER INC COM ZS	ZS	34,513	$7.8m1.26%	1.26%	Added +897	+897 2.7%
24	STARBUCKS CORP COM SBUX	SBUX	91,415	$7.7m1.25%	1.25%	Reduced -21.4k	-21,387 -19.0%
25	AMERICAN EXPRESS CO COM AXP	AXP	20,649	$7.6m1.24%	1.24%	Reduced -2.9k	-2,860 -12.2%
26	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	16,127	$7.6m1.23%	1.23%	Reduced -920	-920 -5.4%
27	ADOBE INC COM ADBE	ADBE	20,927	$7.3m1.19%	1.19%	Reduced -3.0k	-2,984 -12.5%
28	TRANE TECHNOLOGIES PLC SHS TT	TT	17,494	$6.8m1.10%	1.10%	Reduced -2.1k	-2,144 -10.9%
29	META PLATFORMS INC CL A META	META	10,195	$6.7m1.09%	1.09%	Added +3.1k	+3,122 44.1%
30	ILLINOIS TOOL WKS INC COM ITW	ITW	27,300	$6.7m1.09%	1.09%	Reduced -1.4k	-1,444 -5.0%
31	WATSCO INC COM WSO	WSO	18,015	$6.1m0.99%	0.99%	Added +693	+693 4.0%
32	CBRE GROUP INC CL A CBRE	CBRE	35,616	$5.7m0.93%	0.93%	Added +320	+320 0.9%
33	INTUIT COM INTU	INTU	7,849	$5.2m0.84%	0.84%	Reduced -247	-247 -3.0%
34	AIR PRODS & CHEMS INC COM APD	APD	21,023	$5.2m0.84%	0.84%	Added +135	+135 0.7%
35	PURE STORAGE INC CL A P	P	74,580	$5.0m0.81%	0.81%	Added +2.0k	+1,970 2.7%
36	ECOLAB INC COM ECL	ECL	17,402	$4.6m0.74%	0.74%	Reduced -3.5k	-3,453 -16.6%
37	TRACTOR SUPPLY CO COM TSCO	TSCO	90,337	$4.5m0.73%	0.73%	Reduced -9.0k	-8,978 -9.0%
38	GRIFFON CORP COM GFF	GFF	54,738	$4.0m0.65%	0.65%	Added +1.8k	+1,827 3.5%
39	HOME DEPOT INC COM HD	HD	10,847	$3.7m0.61%	0.61%	Reduced -2.4k	-2,390 -18.1%
40	ISHARES TR CORE S&P500 ETF IVV	IVV	5,176	$3.5m0.58%	0.58%	Added +120	+120 2.4%
41	ORACLE CORP COM ORCL	ORCL	17,762	$3.5m0.56%	0.56%	Reduced -757	-757 -4.1%
42	WALMART INC COM WMT	WMT	30,054	$3.3m0.54%	0.54%	Reduced -9.1k	-9,101 -23.2%
43	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	12,834	$3.3m0.54%	0.54%	Added +129	+129 1.0%
44	UNITED RENTALS INC COM URI	URI	4,032	$3.3m0.53%	0.53%	Reduced -600	-600 -12.9%
45	FASTENAL CO COM FAST	FAST	81,024	$3.3m0.53%	0.53%	Reduced -582	-582 -0.7%
46	DIGITAL RLTY TR INC COM DLR	DLR	19,703	$3.0m0.49%	0.49%	Added +1.8k	+1,794 10.0%
47	ESSENTIAL UTILS INC COM WTRG	WTRG	64,675	$2.5m0.40%	0.40%	Reduced -1.6k	-1,575 -2.4%
48	ISHARES TR MSCI EAFE ETF EFA	EFA	25,828	$2.5m0.40%	0.40%	Reduced -12.2k	-12,250 -32.2%
49	AES CORP COM AES	AES	171,615	$2.5m0.40%	0.40%	Added +33.1k	+33,060 23.9%
50	BECTON DICKINSON & CO COM BDX	BDX	12,600	$2.4m0.40%	0.40%	Reduced -3.5k	-3,509 -21.8%
51	PHREESIA INC COM PHR	PHR	138,065	$2.3m0.38%	0.38%	Added +15.1k	+15,090 12.3%
52	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	7,965	$2.3m0.37%	0.37%	Reduced -48	-48 -0.6%
53	AAON INC COM PAR $0.004 AAON	AAON	26,624	$2.0m0.33%	0.33%	Added +2.1k	+2,074 8.4%
54	INGERSOLL RAND INC COM IR	IR	25,326	$2.0m0.33%	0.33%	Reduced -9.3k	-9,276 -26.8%
55	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	3,448	$2.0m0.32%	0.32%	Added +1.2k	+1,248 56.7%
56	LAUDER ESTEE COS INC CL A EL	EL	16,620	$1.7m0.28%	0.28%	Reduced -3.7k	-3,697 -18.2%
57	MCGRATH RENTCORP COM MGRC	MGRC	15,997	$1.7m0.27%	0.27%	Added +5.8k	+5,845 57.6%
58	MURPHY USA INC COM MUSA	MUSA	4,080	$1.6m0.27%	0.27%	Reduced -1.6k	-1,568 -27.8%
59	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	28,794	$1.6m0.25%	0.25%	Added +1.4k	+1,380 5.0%
60	MONDELEZ INTL INC CL A MDLZ	MDLZ	27,556	$1.5m0.24%	0.24%	Reduced -2.3k	-2,346 -7.8%
61	MASTEC INC COM MTZ	MTZ	6,349	$1.4m0.22%	0.22%	Added +5.1k	+5,057 391.4%
62	NEXTERA ENERGY INC COM NEE	NEE	16,451	$1.3m0.21%	0.21%	Reduced -6.3k	-6,307 -27.7%
63	ISHARES TR RUS MD CP GR ETF IWP	IWP	9,275	$1.3m0.21%	0.21%	Added +850	+850 10.1%
64	BWX TECHNOLOGIES INC COM BWXT	BWXT	7,109	$1.2m0.20%	0.20%	Added +5.8k	+5,759 426.6%
65	QUANTA SVCS INC COM PWR	PWR	2,889	$1.2m0.20%	0.20%	Reduced -416	-416 -12.6%
66	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	7,000	$1.1m0.18%	0.18%	Unchanged
67	NUTANIX INC CL A NTNX	NTNX	21,725	$1.1m0.18%	0.18%	Added +4.3k	+4,258 24.4%
68	MODINE MFG CO COM MOD	MOD	8,353	$1.1m0.18%	0.18%	Added +6.7k	+6,663 394.3%
69	VIATRIS INC COM VTRS	VTRS	82,000	$1.0m0.17%	0.17%	Unchanged
70	ISHARES TR RUSSELL 2000 ETF IWM	IWM	3,941	$970.1k0.16%	0.16%	Reduced -1.5k	-1,500 -27.6%
71	DYNE THERAPEUTICS INC COM DYN	DYN	47,875	$936.4k0.15%	0.15%	Reduced -1.4k	-1,350 -2.7%
72	ABBVIE INC COM ABBV	ABBV	4,053	$926.1k0.15%	0.15%	Reduced -405	-405 -9.1%
73	HALLIBURTON CO COM HAL	HAL	31,650	$894.4k0.15%	0.15%	Reduced -7.5k	-7,505 -19.2%
74	S&P GLOBAL INC COM SPGI	SPGI	1,683	$879.5k0.14%	0.14%	Added +3	+3 0.2%
75	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	3,918	$795.5k0.13%	0.13%	Reduced -770	-770 -16.4%
76	ISHARES INC MSCI EM ASIA ETF EEMA	EEMA	8,387	$788.5k0.13%	0.13%	Added +153	+153 1.9%
77	NETFLIX INC COM NFLX	NFLX	8,170	$766.0k0.12%	0.12%	Added +30	+30 0.4%
78	CHEVRON CORP NEW COM CVX	CVX	4,739	$722.3k0.12%	0.12%	Added +211	+211 4.7%
79	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	12,631	$679.0k0.11%	0.11%	Reduced -6.9k	-6,890 -35.3%
80	RBC BEARINGS INC COM RBC	RBC	1,409	$631.8k0.10%	0.10%	Unchanged
81	DEXCOM INC COM DXCM	DXCM	9,080	$602.6k0.10%	0.10%	Reduced -9.4k	-9,440 -51.0%
82	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	7,437	$593.0k0.10%	0.10%	Unchanged
83	ISHARES TR RUS 1000 GRW ETF IWF	IWF	1,188	$562.3k0.09%	0.09%	Reduced -229	-229 -16.2%
84	PEPSICO INC COM PEP	PEP	3,825	$549.0k0.09%	0.09%	Reduced -100	-100 -2.5%
85	RPM INTL INC COM RPM	RPM	5,132	$533.7k0.09%	0.09%	Reduced -2.0k	-2,040 -28.4%
86	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	704	$480.1k0.08%	0.08%	Reduced -166	-166 -19.1%
87	FLOWERS FOODS INC COM FLO	FLO	43,625	$474.6k0.08%	0.08%	Reduced -2.7k	-2,690 -5.8%
88	MOBILEYE GLOBAL INC COMMON CLASS A MBLY	MBLY	44,241	$461.9k0.07%	0.07%	Reduced -28.5k	-28,475 -39.2%
89	ASTRONICS CORP COM ATRO	ATRO	8,451	$458.4k0.07%	0.07%	Unchanged
90	ABBOTT LABS COM ABT	ABT	3,359	$420.8k0.07%	0.07%	Added +101	+101 3.1%
91	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	1,600	$357.1k0.06%	0.06%	Unchanged
92	FREEPORT-MCMORAN INC CL B FCX	FCX	7,023	$356.7k0.06%	0.06%	Added +23	+23 0.3%
93	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	674	$338.8k0.05%	0.05%	Added +11	+11 1.7%
94	CINTAS CORP COM CTAS	CTAS	1,704	$320.5k0.05%	0.05%	Added +4	+4 0.2%
95	KNIFE RIVER CORP COMMON STOCK KNF	KNF	4,514	$317.6k0.05%	0.05%	Reduced -3.3k	-3,342 -42.5%
96	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	9,591	$307.5k0.05%	0.05%	Unchanged
97	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	689	$307.3k0.05%	0.05%	Unchanged
98	KINSALE CAP GROUP INC COM KNSL	KNSL	778	$304.3k0.05%	0.05%	Unchanged
99	DANAHER CORPORATION COM DHR	DHR	1,327	$303.8k0.05%	0.05%	Reduced -29	-29 -2.1%
100	PROCTER AND GAMBLE CO COM PG	PG	2,116	$303.2k0.05%	0.05%	Added +16	+16 0.8%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
PROSHARES TR SH	SH	45,960	$1.7m46.0k shares
ISHARES TR IBDQ	IBDQ	10,750	$270.8k10.8k shares
CHECK POINT SOFTWARE TECH LT CHKP	CHKP	500	$103.5k500 shares
GLOBAL PMTS INC GPN	GPN	860	$71.4k860 shares
ISHARES TR IWV	IWV	175	$66.3k175 shares
FISERV INC FISV	FISV	211	$27.2k211 shares
WESTLAKE CORPORATION WLK	WLK	350	$27.0k350 shares
FLEXSHARES TR RAVI	RAVI	334	$25.3k334 shares
PATTERSON-UTI ENERGY INC PTEN	PTEN	4,876	$25.3k4.9k shares
PROSHARES TR NOBL	NOBL	189	$19.5k189 shares
GRAY TELEVISION INC GTN	GTN	3,350	$19.4k3.4k shares
VAALCO ENERGY INC EGY	EGY	2,700	$10.9k2.7k shares
FLEXSHARES TR NFRA	NFRA	92	$5.8k92 shares