Arcadia Investment Management Corp.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Arcadia Investment Management Corp. reported 312 stock positions worth $565.5 million. Its top holding was Broadcom (AVGO) at 4.6% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Stryker (SYK, 4.5%). Compared with Q4 2023, it opened 23 new positions, sold out of 29, added to 52 and reduced 105. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q1 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001016972
- Portfolio Value
- $565.5M (Q1 2024)
- SEC Filing
- 0001016972-24-000002 ↗ filed Apr 23, 2024
Holdings Value
Holdings 312 stocks · $565.5M
| AVGO Broadcom Inc. | 4.58% | 19,521 | $25.9M | Reduce -4.6% |
| MSFT Microsoft Corp. | 4.55% | 61,133 | $25.7M | Reduce -0.2% |
| SYK Stryker Corp. | 4.45% | 70,361 | $25.2M | Reduce -2.7% |
| PANW Palo Alto Networks Inc. | 3.89% | 77,331 | $22.0M | Reduce -3.9% |
| AAPL Apple Inc. | 3.64% | 120,010 | $20.6M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 3.59% | 27,718 | $20.3M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 3.38% | 32,912 | $19.1M | Reduce -0.1% |
| ACN Accenture PLC Class A | 3.22% | 52,517 | $18.2M | Reduce -3.2% |
| NVDA Nvidia Corp. | 3.09% | 19,321 | $17.5M | Add +2.7% |
| V Visa Inc. Class A | 2.84% | 57,548 | $16.1M | Add +1.7% |
| MPWR Monolithic Power Systems Inc. | 2.72% | 22,717 | $15.4M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 2.55% | 95,666 | $14.4M | Add +0.0% |
| ORLY O'reilly Automotive Inc. | 2.38% | 11,929 | $13.5M | Reduce -1.2% |
| ICE Intercontinental Exchange Inc. | 2.37% | 97,354 | $13.4M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 2.28% | 71,630 | $12.9M | Add +6.5% |
| INTU Intuit Inc. | 2.27% | 19,734 | $12.8M | Reduce -1.1% |
| SBUX Starbucks Corp. | 2.21% | 136,860 | $12.5M | Add +14.2% |
| ITW Illinois Tool Works | 2.20% | 46,394 | $12.4M | Reduce -5.5% |
| VEEV Veeva Systems Inc. Class A | 1.91% | 46,526 | $10.8M | Add +6.2% |
| SU Suncor Energy Inc. | 1.80% | 275,710 | $10.2M | Reduce -2.2% |
| ADBE Adobe Inc. | 1.77% | 19,890 | $10.0M | Add +3.5% |
| NOW ServiceNow Inc. | 1.69% | 12,499 | $9.5M | Add +3.5% |
| APD Air Products & Chemicals Inc. | 1.61% | 37,522 | $9.1M | Add +35.1% |
| WSO Watsco Inc. | 1.55% | 20,342 | $8.8M | Add +24.8% |
| TT Trane Technologies PLC | 1.29% | 24,389 | $7.3M | Reduce -15.1% |
| GOOG Alphabet Inc. Class C | 1.25% | 46,601 | $7.1M | Reduce -1.6% |
| HD Home Depot Inc. | 1.23% | 18,164 | $7.0M | Reduce -5.4% |
| ASML ASML Holding NV-NY Reg SHS | 1.22% | 7,117 | $6.9M | Add +0.7% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.19% | 43,781 | $6.7M | Add +10.9% |
| TSCO Tractor Supply Company | 1.16% | 25,119 | $6.6M | Reduce -14.7% |
| BDX Becton Dickinson and Co. | 1.12% | 25,623 | $6.3M | Add +2.1% |
| FAST Fastenal Co. | 1.11% | 81,647 | $6.3M | Reduce -1.0% |
| ZS Zscaler Inc. | 1.10% | 32,177 | $6.2M | Add +8.7% |
| TPL Texas Pacific Land Corp. | 1.08% | 10,605 | $6.1M | Reduce -15.8% |
| ECL Ecolab Inc. | 1.06% | 25,850 | $6.0M | Add +4.7% |
| AXP American Express Co. | 1.05% | 25,975 | $5.9M | Reduce -7.8% |
| MDLZ Mondelez International Inc. Class A | 0.78% | 63,350 | $4.4M | Add +6.8% |
| MINT PIMCO Enhanced Short Maturit | 0.76% | 42,758 | $4.3M | Add +107.1% |
| EFA iShares MSCI Eafe ETF | 0.76% | 53,604 | $4.3M | Reduce -3.3% |
| CBRE CBRE Group Inc. Class A | 0.74% | 43,237 | $4.2M | Reduce -15.8% |
| IR Ingersoll-Rand Inc. | 0.72% | 42,934 | $4.1M | Reduce -0.7% |
| ADP Automatic Data Processing | 0.69% | 15,521 | $3.9M | Reduce -18.8% |
| MBLY Mobileye Global Inc. Class A | 0.68% | 120,274 | $3.9M | Add +453.1% |
| URI United Rentals Inc. | 0.64% | 5,026 | $3.6M | Add +1.6% |
| ORCL Oracle Corp. | 0.61% | 27,520 | $3.5M | Reduce -4.7% |
| IVV iShares Core S&P 500 ETF | 0.56% | 6,074 | $3.2M | No change |
| DHR Danaher Corp. | 0.53% | 12,028 | $3.0M | No change |
| WTRG Essential Utilities Inc. | 0.52% | 79,105 | $2.9M | Add +35.1% |
| NXST Nexstar Media Group Inc. | 0.52% | 16,952 | $2.9M | Reduce -0.5% |
| ZTS Zoetis Inc. | 0.44% | 14,540 | $2.5M | Reduce -0.4% |
| DLR Digital Realty Trust Inc. | 0.39% | 15,148 | $2.2M | Reduce -13.9% |
| GPN Global Payments Inc. | 0.37% | 15,690 | $2.1M | Add +126.9% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.36% | 39,140 | $2.0M | Add +1191.8% |
| IWM iShares Russell 2000 ETF | 0.34% | 9,256 | $1.9M | Reduce -21.0% |
| PHR Phreesia Inc. | 0.33% | 77,825 | $1.9M | Add +105.7% |
| ABBV Abbvie Inc. | 0.30% | 9,371 | $1.7M | Add +0.6% |
| WMT Walmart Inc. | 0.27% | 25,768 | $1.6M | Add +2.6% |
| PEP Pepsico Inc. | 0.26% | 8,429 | $1.5M | Reduce -50.0% |
| SYY Sysco Corp. | 0.26% | 18,017 | $1.5M | Reduce -4.7% |
| PTEN Patterson-Uti Energy Inc. | 0.26% | 122,306 | $1.5M | Reduce -27.7% |
| NEE Nextera Energy Inc. | 0.25% | 21,962 | $1.4M | Reduce -17.2% |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 28,581 | $1.2M | Reduce -3.8% |
| CVX Chevron Corp. | 0.19% | 6,724 | $1.1M | Reduce -4.8% |
| FLO Flowers Foods Inc. | 0.19% | 44,540 | $1.1M | Add +67.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.18% | 12,917 | $999K | Reduce -36.7% |
| MGRC McGrath Rentcorp | 0.18% | 8,057 | $994K | Reduce -16.1% |
| DYN Dyne Therapeutics Inc. | 0.16% | 31,325 | $889K | New |
| LLY Eli Lilly & Co. | 0.16% | 1,139 | $886K | Add +72.8% |
| BSV Vanguard Short-Term Bond ETF | 0.16% | 11,442 | $877K | No change |
| HAL Halliburton Co. | 0.15% | 21,980 | $866K | Reduce -35.9% |
| KNF Knife River Corp. | 0.15% | 10,178 | $825K | No change |
| GTN Gray Media Inc. filed as GRAY TELEVISION INC | 0.14% | 124,935 | $790K | Add +84.7% |
| ABT Abbott Laboratories | 0.14% | 6,848 | $778K | Reduce -22.1% |
| RPM RPM International Inc. | 0.13% | 6,050 | $720K | No change |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.13% | 14,565 | $716K | Add +129.4% |
| SPGI S&P Global Inc. | 0.13% | 1,680 | $715K | No change |
| XOM Exxon Mobil Corp. | 0.13% | 6,092 | $708K | Add +0.1% |
| SHOP Shopify Inc. Class A | 0.12% | 8,910 | $688K | No change |
| FTV Fortive Corp. | 0.12% | 7,993 | $688K | Reduce -3.4% |
| KAMAN CORP (KAMN 3.25 05/01/24) | 0.12% | 645,000 | $651K | Reduce -5.8% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.11% | 8,919 | $607K | Reduce -0.8% |
| SRCL Stericycle Inc. | 0.09% | 10,000 | $528K | No change |
| IBDP iShares Ibonds Dec 2024 Term | 0.09% | 20,275 | $508K | No change |
| RBA RB Global Inc. | 0.09% | 6,650 | $507K | Add +14.2% |
| NFLX Netflix Inc. | 0.09% | 824 | $500K | Reduce -1.1% |
| FCX Freeport-McMoran Inc. | 0.08% | 10,000 | $470K | No change |
| LIBERTY LATIN AMERICA (LILAK 2 07/15/24) | 0.08% | 470,000 | $466K | Reduce -9.6% |
| BMY Bristol-Myers Squibb Co. | 0.08% | 8,491 | $460K | Reduce -78.3% |
| BKNG Booking Holdings Inc. | 0.08% | 126 | $457K | No change |
| HUBS HubSpot Inc. | 0.08% | 700 | $439K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.08% | 3,354 | $431K | No change |
| JPM JPMorgan Chase & Co. | 0.07% | 2,038 | $408K | Add +0.8% |
| CRM Salesforce Inc. | 0.07% | 1,328 | $400K | Add +20.0% |
| EXPD Expeditors Intl Wash Inc. | 0.07% | 3,250 | $395K | Reduce -11.0% |
| CTAS Cintas Corp. | 0.07% | 565 | $388K | No change |
| PG The Procter & Gamble Co. | 0.07% | 2,331 | $378K | Reduce -66.2% |
| VMI Valmont Industries | 0.06% | 1,568 | $358K | Reduce -5.7% |
| KNSL Kinsale Capital Group Inc. | 0.06% | 680 | $357K | Reduce -5.8% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.06% | 13,750 | $341K | No change |
| BR Broadridge Financial Solutio | 0.06% | 1,600 | $328K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -2.2% | 3.64% | −0.87 |
| PANW Palo Alto Networks Inc. | Reduce -3.9% | 3.89% | −0.65 |
| ACN Accenture PLC Class A | Reduce -3.2% | 3.22% | −0.42 |
| BMY Bristol-Myers Squibb Co. | Reduce -78.3% | 0.08% | −0.30 |
| PEP Pepsico Inc. | Reduce -50.0% | 0.26% | −0.29 |
| ITW Illinois Tool Works | Reduce -5.5% | 2.20% | −0.26 |
| TPL Texas Pacific Land Corp. | Reduce -15.8% | 1.08% | −0.18 |
| CBRE CBRE Group Inc. Class A | Reduce -15.8% | 0.74% | −0.17 |
| ADP Automatic Data Processing | Reduce -18.8% | 0.69% | −0.17 |
| EWBC East West Bancorp Inc. | Sold out | 0.00% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -66.2% | 0.07% | −0.13 |
| PROSHARES SHORT S&P500 | Reduce -94.4% | 0.01% | −0.13 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -36.7% | 0.18% | −0.13 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.12 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.12 |
| ZTS Zoetis Inc. | Reduce -0.4% | 0.44% | −0.12 |
| INTU Intuit Inc. | Reduce -1.1% | 2.27% | −0.12 |
| IWM iShares Russell 2000 ETF | Reduce -21.0% | 0.34% | −0.10 |
| PTEN Patterson-Uti Energy Inc. | Reduce -27.7% | 0.26% | −0.09 |
| AMGN Amgen Inc. | Reduce -90.2% | 0.01% | −0.09 |
| EMR Emerson Electric Co. | Reduce -71.8% | 0.04% | −0.09 |
| HAL Halliburton Co. | Reduce -35.9% | 0.15% | −0.08 |
| DLR Digital Realty Trust Inc. | Reduce -13.9% | 0.39% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -17.2% | 0.25% | −0.06 |
| STT State Street Corp. | Sold out | 0.00% | −0.06 |
| TSCO Tractor Supply Company | Reduce -14.7% | 1.16% | −0.05 |
| ABT Abbott Laboratories | Reduce -22.1% | 0.14% | −0.05 |
| MPWR Monolithic Power Systems Inc. | Reduce -1.0% | 2.72% | −0.04 |
| TT Trane Technologies PLC | Reduce -15.1% | 1.29% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -0.9% | 2.37% | −0.04 |
| MGRC McGrath Rentcorp | Reduce -16.1% | 0.18% | −0.04 |
| VLTO Veralto Corp. | Reduce -65.3% | 0.02% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -3.3% | 0.76% | −0.04 |
| HD Home Depot Inc. | Reduce -5.4% | 1.23% | −0.04 |
| AVNT Avient Corp. | Reduce -56.5% | 0.03% | −0.04 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.04 |
| JNJ Johnson & Johnson | Reduce -34.6% | 0.05% | −0.03 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.03 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.03 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.02 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.8% | 0.21% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -45.3% | 0.03% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 1.25% | −0.02 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.02 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −0.02 |
| EXPD Expeditors Intl Wash Inc. | Reduce -11.0% | 0.07% | −0.02 |
| MDU Mdu Resources Group Inc. | Reduce -87.8% | 0.00% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -39.9% | 0.03% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +2.7% | 3.09% | +1.31 |
| MBLY Mobileye Global Inc. Class A | Add +453.1% | 0.68% | +0.50 |
| MINT PIMCO Enhanced Short Maturit | Add +107.1% | 0.76% | +0.37 |
| P Everpure Inc. Class A | Add +1191.8% | 0.36% | +0.34 |
| AMZN Amazon.com Inc. | Add +6.5% | 2.28% | +0.33 |
| VEEV Veeva Systems Inc. Class A | Add +6.2% | 1.91% | +0.29 |
| WSO Watsco Inc. | Add +24.8% | 1.55% | +0.22 |
| GPN Global Payments Inc. | Add +126.9% | 0.37% | +0.20 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.7% | 1.22% | +0.20 |
| PHR Phreesia Inc. | Add +105.7% | 0.33% | +0.16 |
| DYN Dyne Therapeutics Inc. | New | 0.16% | +0.16 |
| APD Air Products & Chemicals Inc. | Add +35.1% | 1.61% | +0.15 |
| ECL Ecolab Inc. | Add +4.7% | 1.06% | +0.12 |
| WTRG Essential Utilities Inc. | Add +35.1% | 0.52% | +0.10 |
| COST Costco Wholesale Corp. | Add +0.1% | 3.59% | +0.10 |
| URI United Rentals Inc. | Add +1.6% | 0.64% | +0.10 |
| EL Estee Lauder Companies Class A | Add +10.9% | 1.19% | +0.09 |
| LLY Eli Lilly & Co. | Add +72.8% | 0.16% | +0.08 |
| FLO Flowers Foods Inc. | Add +67.8% | 0.19% | +0.07 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +129.4% | 0.13% | +0.07 |
| NOW ServiceNow Inc. | Add +3.5% | 1.69% | +0.06 |
| IDXX Idexx Laboratories Inc. | New | 0.05% | +0.05 |
| SWAV Shockwave Medical Inc. | New | 0.04% | +0.04 |
| PEN Penumbra Inc. | Add +902.1% | 0.04% | +0.03 |
| ABBV Abbvie Inc. | Add +0.6% | 0.30% | +0.03 |
| V Visa Inc. Class A | Add +1.7% | 2.84% | +0.02 |
| GTN Gray Media Inc. | Add +84.7% | 0.14% | +0.02 |
| WMT Walmart Inc. | Add +2.6% | 0.27% | +0.02 |
| EGY Vaalco Energy Inc. | Add +9600.0% | 0.02% | +0.02 |
| RMD Resmed Inc. | New | 0.02% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Add +43.2% | 0.05% | +0.02 |
| RBA RB Global Inc. | Add +14.2% | 0.09% | +0.02 |
| CRM Salesforce Inc. | Add +20.0% | 0.07% | +0.02 |
| SBUX Starbucks Corp. | Add +14.2% | 2.21% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.13% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +1056.3% | 0.01% | +0.01 |
| TNDM Tandem Diabetes Care Inc. | Add +141.6% | 0.01% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.8% | 0.07% | +0.01 |
| CYBR Cyberark Software Ltd./Israel | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | Add +48.2% | 0.02% | +0.00 |
| VCEL Vericel Corp. | New | 0.00% | +0.00 |
| FROG Jfrog Ltd. | New | 0.00% | +0.00 |
| NTRA Natera Inc. | Add +47.8% | 0.01% | +0.00 |
| MNDY Monday.com Ltd. | New | 0.00% | +0.00 |
| PAY Paymentus Holdings Inc. Class A | New | 0.00% | +0.00 |
| CAVA Cava Group Inc. | New | 0.00% | +0.00 |
| NOBL Proshares S&P 500 Dividend A | New | 0.00% | +0.00 |
| GSHD Goosehead Insurance Inc. Class A | New | 0.00% | +0.00 |
| RDIV Invesco S&P Ultra Dividend | New | 0.00% | +0.00 |
| FRPT Freshpet Inc. | Add +22.7% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 366 | $583.9M | AVGO, NVDA, AAPL, GOOGL, COST |
| Q4 2025 | 387 | $616.2M | AVGO, NVDA, GOOGL, AAPL, MSFT |
| Q3 2025 | 256 | $648.6M | AVGO, NVDA, MSFT, PANW, AAPL |
| Q2 2025 | 254 | $625.3M | AVGO, NVDA, MSFT, PANW, SYK |
| Q1 2025 | 270 | $552.6M | AVGO, AAPL, SYK, PANW, COST |
| Q4 2024 | 304 | $625.5M | AVGO, AAPL, PANW, NVDA, MSFT |
| Q3 2024 | 254 | $608.2M | AVGO, AAPL, MSFT, SYK, PANW |
| Q2 2024 | 306 | $585.5M | AVGO, MSFT, PANW, AAPL, NVDA |
| Q1 2024 | 312 | $565.5M | AVGO, MSFT, SYK, PANW, AAPL |