# ARCADIA INVESTMENT MANAGEMENT CORP/MI

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 1016972. Source: https://holderbook.com/funds/1016972-arcadia-investment-management-corp-mi/

- Reported value: $583.9M
- Positions: 366
- Weight of the ten largest: 42.9%
- Filed: 2026-04-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $40.9M | 131,995 | 7.0% | 30 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $30.8M | 176,856 | 5.3% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $25.6M | 100,808 | 4.4% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $25.5M | 88,674 | 4.4% | 30 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $23.6M | 23,656 | 4.0% | 30 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $22.0M | 137,226 | 3.8% | 30 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $21.9M | 66,689 | 3.8% | 30 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $21.8M | 19,901 | 3.7% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $20.5M | 55,486 | 3.5% | 30 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $18.0M | 1,329,326 | 3.1% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $17.0M | 56,402 | 2.9% | 30 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $15.9M | 32,324 | 2.7% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.0M | 72,119 | 2.6% | 30 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $14.7M | 222,828 | 2.5% | 30 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $14.3M | 90,837 | 2.4% | 30 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $13.2M | 143,355 | 2.3% | 30 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $12.9M | 9,748 | 2.2% | 13 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $11.4M | 113,173 | 1.9% | 30 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $11.0M | 38,387 | 1.9% | 30 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $8.3M | 79,325 | 1.4% | 29 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.0M | 8,739 | 1.4% | 28 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $7.7M | 43,792 | 1.3% | 27 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $7.1M | 17,086 | 1.2% | 25 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $7.0M | 35,289 | 1.2% | 30 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $6.6M | 18,065 | 1.1% | 30 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.5M | 11,428 | 1.1% | 30 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $6.4M | 16,318 | 1.1% | 7 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.0M | 19,982 | 1.0% | 30 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $6.0M | 66,507 | 1.0% | 30 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $5.7M | 19,633 | 1.0% | 30 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $5.5M | 21,078 | 0.9% | 30 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $5.2M | 21,248 | 0.9% | 30 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $5.0M | 35,991 | 0.9% | 28 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $5.0M | 36,766 | 0.9% | 30 |
| EVERPURE INC | [P](https://holderbook.com/stocks/P/) | $4.7M | 80,030 | 0.8% | 10 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $4.1M | 15,565 | 0.7% | 30 |
| GRIFFON CORP | [GFF](https://holderbook.com/stocks/GFF/) | $4.0M | 54,657 | 0.7% | 8 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $3.9M | 85,027 | 0.7% | 30 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $3.8M | 7,965 | 0.6% | 21 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $3.6M | 20,088 | 0.6% | 30 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.6M | 29,050 | 0.6% | 30 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.6M | 10,927 | 0.6% | 30 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $3.5M | 8,039 | 0.6% | 30 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.3M | 5,021 | 0.6% | 30 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $3.2M | 68,524 | 0.5% | 30 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $2.9M | 4,002 | 0.5% | 30 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.7M | 13,420 | 0.5% | 30 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $2.6M | 31,759 | 0.5% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.5M | 17,312 | 0.4% | 30 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $2.5M | 63,175 | 0.4% | 25 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.5M | 25,628 | 0.4% | 30 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $2.4M | 10,933 | 0.4% | 3 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $2.3M | 165,915 | 0.4% | 6 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $2.3M | 7,174 | 0.4% | 3 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $2.0M | 25,151 | 0.3% | 25 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.9M | 12,242 | 0.3% | 30 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.8M | 3,269 | 0.3% | 14 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $1.7M | 8,089 | 0.3% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.6M | 26,704 | 0.3% | 30 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.6M | 3,503 | 0.3% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.6M | 16,901 | 0.3% | 20 |
| PHREESIA INC | [PHR](https://holderbook.com/stocks/PHR/) | $1.4M | 166,490 | 0.2% | 12 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.3M | 22,206 | 0.2% | 30 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.2M | 9,275 | 0.2% | 25 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $1.1M | 28,375 | 0.2% | 30 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $1.1M | 16,845 | 0.2% | 14 |
| NUTANIX INC | [NTNX](https://holderbook.com/stocks/NTNX/) | $987.8K | 25,989 | 0.2% | 8 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $973.4K | 3,925 | 0.2% | 30 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $921.5K | 4,454 | 0.2% | 30 |
| DYNE THERAPEUTICS INC | [DYN](https://holderbook.com/stocks/DYN/) | $897.0K | 49,475 | 0.2% | 9 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $862.9K | 8,405 | 0.1% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $857.6K | 3,943 | 0.1% | 30 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $830.3K | 7,000 | 0.1% | 23 |
| ISHARES INC | [EEMA](https://holderbook.com/stocks/EEMA/) | $813.9K | 8,502 | 0.1% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $809.5K | 2,752 | 0.1% | 30 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $765.3K | 1,409 | 0.1% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $751.9K | 7,820 | 0.1% | 30 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $715.8K | 1,683 | 0.1% | 30 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $698.8K | 9,737 | 0.1% | 30 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $689.7K | 12,761 | 0.1% | 30 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $589.5K | 7,437 | 0.1% | 30 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $563.9K | 8,451 | 0.1% | 6 |
| FLOWERS FOODS INC | [FLO](https://holderbook.com/stocks/FLO/) | $515.7K | 63,275 | 0.1% | 30 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $510.1K | 5,132 | 0.1% | 30 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $506.6K | 1,188 | 0.1% | 30 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $484.5K | 1,627 | 0.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $483.2K | 743 | 0.1% | 30 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $419.3K | 6,230 | 0.1% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $412.8K | 7,023 | 0.1% | 14 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $408.5K | 468 | 0.1% | 1 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $362.9K | 9,591 | 0.1% | 30 |
| KNIFE RIVER CORP | [KNF](https://holderbook.com/stocks/KNF/) | $357.1K | 4,374 | 0.1% | 12 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $343.5K | 1,005 | 0.1% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $323.0K | 674 | 0.1% | 30 |
| MOBILEYE GLOBAL INC | [MBLY](https://holderbook.com/stocks/MBLY/) | $305.8K | 44,511 | 0.1% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $305.6K | 2,116 | 0.1% | 30 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $289.2K | 1,214 | 0.0% | 6 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $266.6K | 5,738 | 0.0% | 14 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $265.8K | 778 | 0.0% | 14 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $262.0K | 4,550 | 0.0% | 30 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | -5.8% | -4.6% | -1.1% | 100% |
| Q4 2025 | -0.8% | +2.4% | -3.1% | 100% |
| Q3 2025 | +5.9% | +7.8% | -2.0% | 100% |
| Q2 2025 | +11.4% | +10.5% | +0.9% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2024 | +1.9% | +2.1% | -0.2% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |
| Q2 2024 | +3.8% | +4.0% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $583.9M | 366 |
| Q4 2025 | $616.2M | 387 |
| Q3 2025 | $648.6M | 256 |
| Q2 2025 | $625.3M | 254 |
| Q1 2025 | $552.6M | 270 |
| Q4 2024 | $625.5M | 304 |
| Q3 2024 | $608.2M | 254 |
| Q2 2024 | $585.5M | 306 |
| Q1 2024 | $565.5M | 312 |
| Q4 2023 | $523.4M | 318 |
| Q3 2023 | $472.3M | 326 |
| Q2 2023 | $493.1M | 342 |