Arcadia Investment Management Corp.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 29, 2024), Arcadia Investment Management Corp. reported 254 stock positions worth $608.2 million. Its top holding was Broadcom (AVGO) at 5.3% of the portfolio, followed by Apple (AAPL, 4.6%) and Microsoft (MSFT, 4.3%). Compared with Q2 2024, it opened 25 new positions, sold out of 77, added to 34 and reduced 90. The biggest buy was a new position in CrowdStrike Class A (CRWD) and the biggest sale Palo Alto Networks (PANW, shares −7%).
- Most Recent 13F
- Q1 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001016972
- Portfolio Value
- $608.2M (Q3 2024)
- SEC Filing
- 0001016972-24-000009 ↗ filed Oct 29, 2024
Holdings Value
Holdings 254 stocks · $608.2M
| AVGO Broadcom Inc. | 5.33% | 187,835 | $32.4M | Reduce -5.1% |
| AAPL Apple Inc. | 4.59% | 119,862 | $27.9M | Add +1.1% |
| MSFT Microsoft Corp. | 4.28% | 60,451 | $26.0M | Reduce -1.3% |
| SYK Stryker Corp. | 4.16% | 69,964 | $25.3M | Reduce -0.5% |
| PANW Palo Alto Networks Inc. | 4.00% | 71,265 | $24.4M | Reduce -6.7% |
| NVDA Nvidia Corp. | 3.88% | 194,103 | $23.6M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 3.85% | 26,427 | $23.4M | Reduce -3.5% |
| MPWR Monolithic Power Systems Inc. | 3.28% | 21,548 | $19.9M | Reduce -0.6% |
| TMO Thermo Fisher Scientific Inc. | 3.27% | 32,160 | $19.9M | Reduce -1.8% |
| ACN Accenture PLC Class A | 2.96% | 50,987 | $18.0M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 2.63% | 96,455 | $16.0M | Reduce -0.9% |
| ICE Intercontinental Exchange Inc. | 2.50% | 94,567 | $15.2M | Reduce -2.4% |
| V Visa Inc. Class A | 2.50% | 55,228 | $15.2M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 2.29% | 74,860 | $13.9M | Reduce -2.3% |
| ORLY O'reilly Automotive Inc. | 2.28% | 12,026 | $13.8M | Reduce -0.1% |
| SBUX Starbucks Corp. | 2.17% | 135,623 | $13.2M | Reduce -0.2% |
| VEEV Veeva Systems Inc. Class A | 1.96% | 56,926 | $11.9M | Reduce -4.2% |
| NOW ServiceNow Inc. | 1.96% | 13,323 | $11.9M | Reduce -0.9% |
| ADBE Adobe Inc. | 1.69% | 19,867 | $10.3M | Reduce -0.2% |
| ITW Illinois Tool Works | 1.68% | 38,978 | $10.2M | Reduce -5.9% |
| INTU Intuit Inc. | 1.65% | 16,205 | $10.1M | Reduce -8.8% |
| SU Suncor Energy Inc. | 1.63% | 267,825 | $9.9M | Reduce -3.5% |
| TT Trane Technologies PLC | 1.55% | 24,234 | $9.4M | Reduce -0.1% |
| WSO Watsco Inc. | 1.54% | 19,097 | $9.4M | Reduce -3.9% |
| TPL Texas Pacific Land Corp. | 1.52% | 10,435 | $9.2M | Reduce -0.5% |
| APD Air Products & Chemicals Inc. | 1.50% | 30,614 | $9.1M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 1.36% | 49,361 | $8.3M | Add +7.3% |
| HD Home Depot Inc. | 1.17% | 17,565 | $7.1M | Add +0.3% |
| AXP American Express Co. | 1.15% | 25,834 | $7.0M | Add +0.6% |
| ECL Ecolab Inc. | 1.06% | 25,203 | $6.4M | Reduce -2.5% |
| ASML ASML Holding NV-NY Reg SHS | 1.05% | 7,645 | $6.4M | Add +3.8% |
| BDX Becton Dickinson and Co. | 1.03% | 26,016 | $6.3M | Reduce -3.3% |
| TSCO Tractor Supply Company | 0.98% | 20,545 | $6.0M | Reduce -16.4% |
| FAST Fastenal Co. | 0.84% | 71,867 | $5.1M | No change |
| CBRE CBRE Group Inc. Class A | 0.84% | 41,214 | $5.1M | Reduce -0.0% |
| ZS Zscaler Inc. | 0.80% | 28,604 | $4.9M | Reduce -5.0% |
| MDLZ Mondelez International Inc. Class A | 0.78% | 64,664 | $4.8M | Add +2.1% |
| ORCL Oracle Corp. | 0.77% | 27,320 | $4.7M | Reduce -0.4% |
| MINT PIMCO Enhanced Short Maturit | 0.73% | 44,278 | $4.5M | Add +69.9% |
| IR Ingersoll-Rand Inc. | 0.72% | 44,344 | $4.4M | Add +0.9% |
| ADP Automatic Data Processing | 0.68% | 15,038 | $4.2M | Reduce -1.8% |
| URI United Rentals Inc. | 0.63% | 4,767 | $3.9M | Reduce -0.4% |
| DHR Danaher Corp. | 0.55% | 12,003 | $3.3M | No change |
| WMT Walmart Inc. | 0.52% | 39,533 | $3.2M | Add +16.6% |
| EFA iShares MSCI Eafe ETF | 0.51% | 37,019 | $3.1M | Reduce -30.9% |
| IVV iShares Core S&P 500 ETF | 0.47% | 4,964 | $2.9M | Reduce -0.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.43% | 26,422 | $2.6M | Reduce -30.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.42% | 9,140 | $2.6M | New |
| WTRG Essential Utilities Inc. | 0.42% | 66,020 | $2.5M | Reduce -13.8% |
| DLR Digital Realty Trust Inc. | 0.41% | 15,353 | $2.5M | Add +0.2% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.38% | 45,740 | $2.3M | Reduce -0.2% |
| PHR Phreesia Inc. | 0.36% | 97,085 | $2.2M | Add +9.6% |
| LLY Eli Lilly & Co. | 0.35% | 2,397 | $2.1M | Reduce -15.4% |
| NXST Nexstar Media Group Inc. | 0.34% | 12,361 | $2.0M | Reduce -2.2% |
| MBLY Mobileye Global Inc. Class A | 0.31% | 139,656 | $1.9M | Add +13.1% |
| ZTS Zoetis Inc. | 0.28% | 8,690 | $1.7M | Reduce -7.7% |
| META Meta Platforms Inc. Class A | 0.27% | 2,860 | $1.6M | Add +223.9% |
| ABBV Abbvie Inc. | 0.25% | 7,680 | $1.5M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 0.24% | 17,577 | $1.5M | Reduce -20.0% |
| AAON Aaon Inc. | 0.24% | 13,531 | $1.5M | Add +89.1% |
| HAL Halliburton Co. | 0.24% | 50,205 | $1.5M | Add +126.2% |
| MGRC McGrath Rentcorp | 0.23% | 13,527 | $1.4M | Reduce -14.4% |
| DYN Dyne Therapeutics Inc. | 0.23% | 38,614 | $1.4M | Add +9.8% |
| GPN Global Payments Inc. | 0.23% | 13,522 | $1.4M | Reduce -40.5% |
| IWM iShares Russell 2000 ETF | 0.22% | 6,181 | $1.4M | Reduce -13.8% |
| SYY Sysco Corp. | 0.22% | 17,257 | $1.3M | Reduce -8.3% |
| DXCM Dexcom Inc. | 0.22% | 19,800 | $1.3M | Add +1111.0% |
| IDXX Idexx Laboratories Inc. | 0.21% | 2,561 | $1.3M | No change |
| BMY Bristol-Myers Squibb Co. | 0.21% | 25,001 | $1.3M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.21% | 10,753 | $1.3M | Reduce -2.2% |
| GFF Griffon Corp. | 0.20% | 17,426 | $1.2M | Add +125.6% |
| ISRG Intuitive Surgical Inc. | 0.18% | 2,200 | $1.1M | New |
| CVX Chevron Corp. | 0.17% | 7,214 | $1.1M | Add +7.5% |
| FLO Flowers Foods Inc. | 0.17% | 44,640 | $1.0M | Reduce -1.2% |
| KNF Knife River Corp. | 0.17% | 11,403 | $1.0M | Add +2.0% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 20,349 | $974K | Reduce -28.8% |
| MUSA Murphy USA Inc. | 0.16% | 1,954 | $963K | Add +93.5% |
| PROSHARES SHORT S&P500 | 0.16% | 87,250 | $947K | Add +0.5% |
| RPM RPM International Inc. | 0.15% | 7,735 | $936K | No change |
| SPGI S&P Global Inc. | 0.14% | 1,680 | $868K | No change |
| GTN Gray Media Inc. filed as GRAY TELEVISION INC | 0.14% | 153,442 | $822K | Reduce -11.2% |
| PTEN Patterson-Uti Energy Inc. | 0.12% | 97,885 | $749K | Add +9.1% |
| SHOP Shopify Inc. Class A | 0.12% | 8,910 | $714K | No change |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.11% | 14,690 | $683K | Reduce -0.2% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.11% | 8,389 | $657K | Reduce -5.4% |
| PEP Pepsico Inc. | 0.10% | 3,735 | $635K | Reduce -48.5% |
| FTV Fortive Corp. | 0.10% | 7,879 | $622K | No change |
| SRCL Stericycle Inc. | 0.10% | 10,000 | $610K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.10% | 7,657 | $608K | Reduce -3.8% |
| NFLX Netflix Inc. | 0.09% | 788 | $559K | Reduce -4.4% |
| ABT Abbott Laboratories | 0.09% | 4,596 | $524K | Reduce -0.0% |
| FCX Freeport-McMoran Inc. | 0.08% | 10,000 | $499K | No change |
| BKNG Booking Holdings Inc. | 0.08% | 114 | $480K | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 737 | $423K | Add +28.6% |
| JPM JPMorgan Chase & Co. | 0.07% | 1,955 | $412K | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.07% | 2,331 | $404K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.07% | 3,354 | $399K | No change |
| CTAS Cintas Corp. | 0.06% | 1,860 | $383K | No change |
| AVNT Avient Corp. | 0.06% | 7,610 | $383K | No change |
| HUBS HubSpot Inc. | 0.06% | 700 | $372K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| PANW Palo Alto Networks Inc. | Reduce -6.7% | 4.00% | −0.42 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 2.63% | −0.40 |
| MSFT Microsoft Corp. | Reduce -1.3% | 4.28% | −0.40 |
| INTU Intuit Inc. | Reduce -8.8% | 1.65% | −0.34 |
| NVDA Nvidia Corp. | Reduce -1.0% | 3.88% | −0.26 |
| EL Estee Lauder Companies Class A | Reduce -30.0% | 0.43% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -2.3% | 2.29% | −0.23 |
| EFA iShares MSCI Eafe ETF | Reduce -30.9% | 0.51% | −0.21 |
| ADBE Adobe Inc. | Reduce -0.2% | 1.69% | −0.20 |
| ZS Zscaler Inc. | Reduce -5.0% | 0.80% | −0.18 |
| SU Suncor Energy Inc. | Reduce -3.5% | 1.63% | −0.18 |
| TSCO Tractor Supply Company | Reduce -16.4% | 0.98% | −0.15 |
| GPN Global Payments Inc. | Reduce -40.5% | 0.23% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -3.5% | 3.85% | −0.13 |
| P Everpure Inc. Class A | Reduce -0.2% | 0.38% | −0.12 |
| V Visa Inc. Class A | Reduce -5.0% | 2.50% | −0.11 |
| AVGO Broadcom Inc. | Reduce -5.1% | 5.33% | −0.10 |
| PEP Pepsico Inc. | Reduce -48.5% | 0.10% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -15.4% | 0.35% | −0.09 |
| LIBERTY LATIN AMERICA (LILAK 2 07/15/24) | Sold out | 0.00% | −0.08 |
| WTRG Essential Utilities Inc. | Reduce -13.8% | 0.42% | −0.07 |
| VWO Vanguard Ftse Emerging Marke | Reduce -28.8% | 0.16% | −0.05 |
| MGRC McGrath Rentcorp | Reduce -14.4% | 0.23% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -3.3% | 1.03% | −0.04 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.04 |
| CDW CDW Corp. | Sold out | 0.00% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -87.0% | 0.00% | −0.03 |
| WSO Watsco Inc. | Reduce -3.9% | 1.54% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -91.4% | 0.00% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -13.8% | 0.22% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -70.4% | 0.01% | −0.02 |
| VMI Valmont Industries | Reduce -35.5% | 0.04% | −0.02 |
| NXST Nexstar Media Group Inc. | Reduce -2.2% | 0.34% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -20.0% | 0.24% | −0.02 |
| OMC Omnicom Group | Reduce -97.2% | 0.00% | −0.02 |
| EPD Enterprise Products Partners | Reduce -35.9% | 0.03% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -94.2% | 0.00% | −0.02 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.02 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.02 |
| GTN Gray Media Inc. | Reduce -11.2% | 0.14% | −0.02 |
| ATRO Astronics Corp. | Sold out | 0.00% | −0.02 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.02 |
| MTSI Macom Technology Solutions H | Sold out | 0.00% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.01 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.01 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.01 |
| VRRM Verra Mobility Corp. | Sold out | 0.00% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.01 |
| TRP TC Energy Corp. | Sold out | 0.00% | −0.01 |
| TNDM Tandem Diabetes Care Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.42% | +0.42 |
| AAPL Apple Inc. | Add +1.1% | 4.59% | +0.33 |
| MINT PIMCO Enhanced Short Maturit | Add +69.9% | 0.73% | +0.28 |
| META Meta Platforms Inc. Class A | Add +223.9% | 0.27% | +0.19 |
| DXCM Dexcom Inc. | Add +1111.0% | 0.22% | +0.19 |
| ISRG Intuitive Surgical Inc. | New | 0.18% | +0.18 |
| HD Home Depot Inc. | Add +0.3% | 1.17% | +0.14 |
| AXP American Express Co. | Add +0.6% | 1.15% | +0.14 |
| AAON Aaon Inc. | Add +89.1% | 0.24% | +0.13 |
| WMT Walmart Inc. | Add +16.6% | 0.52% | +0.13 |
| GFF Griffon Corp. | Add +125.6% | 0.20% | +0.12 |
| HAL Halliburton Co. | Add +126.2% | 0.24% | +0.11 |
| MUSA Murphy USA Inc. | Add +93.5% | 0.16% | +0.08 |
| MDLZ Mondelez International Inc. Class A | Add +2.1% | 0.78% | +0.08 |
| ALGN Align Technology Inc. | New | 0.06% | +0.06 |
| IOT Samsara Inc. Class A | New | 0.05% | +0.05 |
| PHR Phreesia Inc. | Add +9.6% | 0.36% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +1.8% | 0.21% | +0.04 |
| IR Ingersoll-Rand Inc. | Add +0.9% | 0.72% | +0.03 |
| KNF Knife River Corp. | Add +2.0% | 0.17% | +0.03 |
| HEI Heico Corp. | New | 0.03% | +0.03 |
| CB Chubb Ltd. | New | 0.02% | +0.02 |
| FITB Fifth Third Bancorp | Add +64.4% | 0.04% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +28.6% | 0.07% | +0.02 |
| EGY Vaalco Energy Inc. | Add +124.9% | 0.03% | +0.02 |
| BEAM Beam Therapeutics Inc. | New | 0.02% | +0.02 |
| DYN Dyne Therapeutics Inc. | Add +9.8% | 0.23% | +0.02 |
| CYBR Cyberark Software Ltd./Israel | Add +174.7% | 0.02% | +0.02 |
| ON On Semiconductor | New | 0.01% | +0.01 |
| ADC Agree Realty Corp. | New | 0.01% | +0.01 |
| NXT Nextpower Inc. | New | 0.01% | +0.01 |
| DLR Digital Realty Trust Inc. | Add +0.2% | 0.41% | +0.01 |
| AI C3.AI Inc. Class A | New | 0.01% | +0.01 |
| SYM Symbotic Inc. | New | 0.01% | +0.01 |
| SKWD Skyward Specialty Insurance | New | 0.01% | +0.01 |
| SNPS Synopsys Inc. | Add +100.0% | 0.02% | +0.01 |
| CALX Calix Inc. | New | 0.01% | +0.01 |
| EDIT Editas Medicine Inc. | New | 0.01% | +0.01 |
| STAA Staar Surgical Co. | New | 0.01% | +0.01 |
| FOLD Amicus Therapeutics Inc. | New | 0.01% | +0.01 |
| MA Mastercard Inc. Class A | Add +4.4% | 0.05% | +0.01 |
| NTNX Nutanix Inc. Class A | Add +16.1% | 0.04% | +0.01 |
| TCMD Tactile Systems Technology I | New | 0.00% | +0.00 |
| ATRC Atricure Inc. | New | 0.00% | +0.00 |
| ABCL Abcellera Biologics Inc. | New | 0.00% | +0.00 |
| AVAV Aerovironment Inc. | Add +23.1% | 0.01% | +0.00 |
| CRM Salesforce Inc. | Add +3.3% | 0.04% | +0.00 |
| UNH Unitedhealth Group Inc. | New | 0.00% | +0.00 |
| NXPI NXP Semiconductors NV | New | 0.00% | +0.00 |
| LRCX Lam Research Corp. | New | 0.00% | +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 |