Arcadia Investment Management Corp.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Arcadia Investment Management Corp. reported 256 stock positions worth $648.6 million. Its top holding was Broadcom (AVGO) at 7.3% of the portfolio, followed by Nvidia (NVDA, 5.2%) and Microsoft (MSFT, 4.6%). Compared with Q2 2025, it opened 13 new positions, sold out of 11, added to 35 and reduced 74. The biggest buy was Monolithic Power Systems (MPWR, shares +0%) and the biggest sale Accenture Class A (ACN, shares −9%).
- Most Recent 13F
- Q1 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001016972
- Portfolio Value
- $648.6M (Q3 2025)
- SEC Filing
- 0001016972-25-000007 ↗ filed Oct 27, 2025
Holdings Value
Holdings 256 stocks · $648.6M
| AVGO Broadcom Inc. | 7.31% | 143,771 | $47.4M | Reduce -3.3% |
| NVDA Nvidia Corp. | 5.23% | 181,725 | $33.9M | Reduce -4.0% |
| MSFT Microsoft Corp. | 4.60% | 57,628 | $29.8M | Reduce -2.2% |
| PANW Palo Alto Networks Inc. | 4.25% | 135,235 | $27.5M | Reduce -2.7% |
| AAPL Apple Inc. | 4.22% | 107,543 | $27.4M | Reduce -3.2% |
| SYK Stryker Corp. | 3.86% | 67,655 | $25.0M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 3.48% | 92,851 | $22.6M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 3.44% | 24,074 | $22.3M | Add +0.8% |
| V Visa Inc. Class A | 2.99% | 56,838 | $19.4M | Add +1.3% |
| MPWR Monolithic Power Systems Inc. | 2.89% | 20,343 | $18.7M | Add +0.5% |
| MINT PIMCO Enhanced Short Maturit | 2.64% | 169,795 | $17.1M | Reduce -9.2% |
| ORLY O'reilly Automotive Inc. | 2.61% | 157,105 | $16.9M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 2.58% | 76,287 | $16.8M | Add +0.5% |
| TMO Thermo Fisher Scientific Inc. | 2.49% | 33,232 | $16.1M | Add +3.2% |
| ICE Intercontinental Exchange Inc. | 2.36% | 90,686 | $15.3M | Reduce -1.1% |
| NOW ServiceNow Inc. | 2.02% | 14,257 | $13.1M | Add +5.4% |
| VEEV Veeva Systems Inc. Class A | 1.96% | 42,754 | $12.7M | Reduce -1.3% |
| ACN Accenture PLC Class A | 1.69% | 44,480 | $11.0M | Reduce -9.0% |
| GOOG Alphabet Inc. Class C | 1.67% | 44,456 | $10.8M | Reduce -5.9% |
| SU Suncor Energy Inc. | 1.59% | 246,547 | $10.3M | Reduce -0.4% |
| ZS Zscaler Inc. | 1.55% | 33,616 | $10.1M | Add +8.8% |
| SBUX Starbucks Corp. | 1.47% | 112,802 | $9.5M | Reduce -4.3% |
| ASML ASML Holding NV-NY Reg SHS | 1.42% | 9,544 | $9.2M | Reduce -6.7% |
| ADBE Adobe Inc. | 1.30% | 23,911 | $8.4M | Add +4.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.29% | 17,047 | $8.4M | Add +13.3% |
| TT Trane Technologies PLC | 1.28% | 19,638 | $8.3M | Reduce -1.0% |
| AXP American Express Co. | 1.20% | 23,509 | $7.8M | Reduce -0.8% |
| ITW Illinois Tool Works | 1.16% | 28,744 | $7.5M | Reduce -16.3% |
| WSO Watsco Inc. | 1.08% | 17,322 | $7.0M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 1.06% | 9,018 | $6.9M | Add +28.4% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.94% | 72,610 | $6.1M | Add +7.5% |
| ECL Ecolab Inc. | 0.88% | 20,855 | $5.7M | Reduce -2.4% |
| APD Air Products & Chemicals Inc. | 0.88% | 20,888 | $5.7M | Reduce -22.3% |
| TSCO Tractor Supply Company | 0.87% | 99,315 | $5.6M | Reduce -1.6% |
| CBRE CBRE Group Inc. Class A | 0.86% | 35,296 | $5.6M | No change |
| INTU Intuit Inc. | 0.85% | 8,096 | $5.5M | Reduce -3.6% |
| HD Home Depot Inc. | 0.83% | 13,237 | $5.4M | Reduce -6.8% |
| ORCL Oracle Corp. | 0.80% | 18,519 | $5.2M | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 0.80% | 7,073 | $5.2M | Add +23.2% |
| URI United Rentals Inc. | 0.68% | 4,632 | $4.4M | Reduce -1.9% |
| WMT Walmart Inc. | 0.62% | 39,155 | $4.0M | Reduce -9.6% |
| GFF Griffon Corp. | 0.62% | 52,911 | $4.0M | Add +23.9% |
| FAST Fastenal Co. | 0.62% | 81,606 | $4.0M | No change |
| ADP Automatic Data Processing | 0.57% | 12,705 | $3.7M | Reduce -4.7% |
| EFA iShares MSCI Eafe ETF | 0.55% | 38,078 | $3.6M | Reduce -1.9% |
| IVV iShares Core S&P 500 ETF | 0.52% | 5,056 | $3.4M | Add +1.8% |
| DLR Digital Realty Trust Inc. | 0.48% | 17,909 | $3.1M | Add +0.5% |
| BDX Becton Dickinson and Co. | 0.46% | 16,109 | $3.0M | Reduce -32.9% |
| PHR Phreesia Inc. | 0.45% | 122,975 | $2.9M | Add +8.4% |
| IR Ingersoll-Rand Inc. | 0.44% | 34,602 | $2.9M | Reduce -10.8% |
| WTRG Essential Utilities Inc. | 0.41% | 66,250 | $2.6M | Add +6.5% |
| TPL Texas Pacific Land Corp. | 0.38% | 2,671 | $2.5M | Reduce -0.0% |
| AAON Aaon Inc. | 0.35% | 24,550 | $2.3M | Reduce -11.8% |
| MUSA Murphy USA Inc. | 0.34% | 5,648 | $2.2M | Reduce -10.4% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 29,902 | $1.9M | Reduce -16.9% |
| AES AES Corp. | 0.28% | 138,555 | $1.8M | Reduce -34.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.28% | 20,317 | $1.8M | Reduce -2.5% |
| NEE Nextera Energy Inc. | 0.26% | 22,758 | $1.7M | Reduce -5.4% |
| SH Proshares Short S&P500 | 0.26% | 45,960 | $1.7M | New |
| PWR Quanta Services Inc. | 0.21% | 3,305 | $1.4M | Add +10.0% |
| IWM iShares Russell 2000 ETF | 0.20% | 5,441 | $1.3M | Reduce -3.8% |
| NTNX Nutanix Inc. Class A | 0.20% | 17,467 | $1.3M | Add +49.1% |
| DXCM Dexcom Inc. | 0.19% | 18,520 | $1.2M | Reduce -9.5% |
| BMY Bristol-Myers Squibb Co. | 0.19% | 27,414 | $1.2M | Add +14.5% |
| IWP iShares Russell Mid-Cap Grow | 0.18% | 8,425 | $1.2M | No change |
| MGRC McGrath Rentcorp | 0.18% | 10,152 | $1.2M | Reduce -28.3% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 19,521 | $1.1M | Reduce -6.2% |
| SHOP Shopify Inc. Class A | 0.16% | 7,000 | $1.0M | Reduce -21.4% |
| ABBV Abbvie Inc. | 0.16% | 4,458 | $1.0M | Reduce -11.2% |
| MBLY Mobileye Global Inc. Class A | 0.16% | 72,716 | $1.0M | Reduce -9.7% |
| ISRG Intuitive Surgical Inc. | 0.15% | 2,200 | $984K | No change |
| NFLX Netflix Inc. | 0.15% | 814 | $976K | No change |
| HAL Halliburton Co. | 0.15% | 39,155 | $963K | Reduce -1.4% |
| NXST Nexstar Media Group Inc. | 0.14% | 4,688 | $927K | Reduce -5.8% |
| RPM RPM International Inc. | 0.13% | 7,172 | $845K | Reduce -2.2% |
| SPGI S&P Global Inc. | 0.13% | 1,680 | $818K | No change |
| VTRS Viatris Inc. | 0.13% | 82,000 | $812K | Add +36.7% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.12% | 8,234 | $755K | Add +3.1% |
| CVX Chevron Corp. | 0.11% | 4,528 | $703K | No change |
| IWF iShares Russell 1000 Growth | 0.10% | 1,417 | $664K | Add +173.0% |
| JPM JPMorgan Chase & Co. | 0.10% | 2,099 | $662K | No change |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.10% | 14,890 | $652K | Reduce -13.6% |
| DYN Dyne Therapeutics Inc. | 0.10% | 49,225 | $623K | Reduce -10.8% |
| FLO Flowers Foods Inc. | 0.09% | 46,315 | $604K | Add +23.5% |
| KNF Knife River Corp. | 0.09% | 7,856 | $604K | Reduce -29.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.09% | 7,437 | $594K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 870 | $580K | Add +7.5% |
| PEP Pepsico Inc. | 0.09% | 3,925 | $551K | Add +4.0% |
| RBC RBC Bearings Inc. | 0.08% | 1,409 | $550K | No change |
| ZTS Zoetis Inc. | 0.08% | 3,596 | $526K | Reduce -55.8% |
| ABT Abbott Laboratories | 0.07% | 3,258 | $436K | Reduce -1.5% |
| ATRO Astronics Corp. | 0.06% | 8,451 | $385K | No change |
| BR Broadridge Financial Solutio | 0.06% | 1,600 | $381K | No change |
| FTV Fortive Corp. | 0.06% | 7,729 | $379K | Reduce -1.9% |
| MDY State Street SPDR S&P Midcap | 0.05% | 590 | $352K | Add +9.3% |
| CTAS Cintas Corp. | 0.05% | 1,700 | $349K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 663 | $333K | No change |
| CYBR Cyberark Software Ltd./Israel | 0.05% | 689 | $333K | No change |
| KNSL Kinsale Capital Group Inc. | 0.05% | 778 | $331K | No change |
| HUBS HubSpot Inc. | 0.05% | 700 | $327K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| ACN Accenture PLC Class A | Reduce -9.0% | 1.69% | −0.64 |
| MINT PIMCO Enhanced Short Maturit | Reduce -9.2% | 2.64% | −0.37 |
| ICE Intercontinental Exchange Inc. | Reduce -1.1% | 2.36% | −0.34 |
| APD Air Products & Chemicals Inc. | Reduce -22.3% | 0.88% | −0.33 |
| PANW Palo Alto Networks Inc. | Reduce -2.7% | 4.25% | −0.30 |
| SBUX Starbucks Corp. | Reduce -4.3% | 1.47% | −0.26 |
| DHR Danaher Corp. | Reduce -83.0% | 0.04% | −0.21 |
| INTU Intuit Inc. | Reduce -3.6% | 0.85% | −0.21 |
| ITW Illinois Tool Works | Reduce -16.3% | 1.16% | −0.20 |
| BDX Becton Dickinson and Co. | Reduce -32.9% | 0.46% | −0.20 |
| WSO Watsco Inc. | Reduce -1.8% | 1.08% | −0.17 |
| ZTS Zoetis Inc. | Reduce -55.8% | 0.08% | −0.12 |
| TT Trane Technologies PLC | Reduce -1.0% | 1.28% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Reduce -16.9% | 0.29% | −0.10 |
| DXCM Dexcom Inc. | Reduce -9.5% | 0.19% | −0.09 |
| MSFT Microsoft Corp. | Reduce -2.2% | 4.60% | −0.08 |
| ADP Automatic Data Processing | Reduce -4.7% | 0.57% | −0.08 |
| BKNG Booking Holdings Inc. | Reduce -74.6% | 0.02% | −0.08 |
| MGRC McGrath Rentcorp | Reduce -28.3% | 0.18% | −0.08 |
| IR Ingersoll-Rand Inc. | Reduce -10.8% | 0.44% | −0.08 |
| AES AES Corp. | Reduce -34.5% | 0.28% | −0.07 |
| MBLY Mobileye Global Inc. Class A | Reduce -9.7% | 0.16% | −0.07 |
| MUSA Murphy USA Inc. | Reduce -10.4% | 0.34% | −0.07 |
| TPL Texas Pacific Land Corp. | Reduce -0.0% | 0.38% | −0.07 |
| WMT Walmart Inc. | Reduce -9.6% | 0.62% | −0.06 |
| VMI Valmont Industries | Sold out | 0.00% | −0.05 |
| KNF Knife River Corp. | Reduce -29.3% | 0.09% | −0.05 |
| ECL Ecolab Inc. | Reduce -2.4% | 0.88% | −0.04 |
| AVNT Avient Corp. | Reduce -78.8% | 0.01% | −0.04 |
| VRSK Verisk Analytics Inc. | Reduce -72.8% | 0.01% | −0.04 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Reduce -1.3% | 1.96% | −0.03 |
| BA The Boeing Co. | Sold out | 0.00% | −0.03 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -40.0% | 0.03% | −0.03 |
| FCX Freeport-McMoran Inc. | Reduce -30.0% | 0.04% | −0.03 |
| AMD Advanced Micro Devices | Reduce -99.3% | 0.00% | −0.03 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.03 |
| CRM Salesforce Inc. | Reduce -48.9% | 0.02% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -75.0% | 0.01% | −0.02 |
| FISV Fiserv Inc. | Reduce -57.5% | 0.00% | −0.01 |
| DWX State Street SPDR S&P Intern | Sold out | 0.00% | −0.01 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -13.6% | 0.10% | −0.01 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.01 |
| SYY Sysco Corp. | Reduce -21.8% | 0.04% | −0.01 |
| FTV Fortive Corp. | Reduce -1.9% | 0.06% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.9% | 0.55% | −0.01 |
| HD Home Depot Inc. | Reduce -6.8% | 0.83% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -42.9% | 0.01% | −0.01 |
| AXP American Express Co. | Reduce -0.8% | 1.20% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| MPWR Monolithic Power Systems Inc. | Add +0.5% | 2.89% | +0.52 |
| TMO Thermo Fisher Scientific Inc. | Add +3.2% | 2.49% | +0.40 |
| P Everpure Inc. Class A | Add +7.5% | 0.94% | +0.32 |
| SH Proshares Short S&P500 | New | 0.26% | +0.26 |
| LLY Eli Lilly & Co. | Add +28.4% | 1.06% | +0.19 |
| GFF Griffon Corp. | Add +23.9% | 0.62% | +0.13 |
| META Meta Platforms Inc. Class A | Add +23.2% | 0.80% | +0.12 |
| IWF iShares Russell 1000 Growth | Add +173.0% | 0.10% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +13.3% | 1.29% | +0.06 |
| NTNX Nutanix Inc. Class A | Add +49.1% | 0.20% | +0.06 |
| MTZ Mastec Inc. | New | 0.04% | +0.04 |
| VTRS Viatris Inc. | Add +36.7% | 0.13% | +0.04 |
| BWXT BWX Technologies Inc. | New | 0.04% | +0.04 |
| WTRG Essential Utilities Inc. | Add +6.5% | 0.41% | +0.04 |
| MOD Modine Manufacturing Co. | New | 0.04% | +0.04 |
| PWR Quanta Services Inc. | Add +10.0% | 0.21% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 0.52% | +0.03 |
| ETH Grayscale Ethereum Staking M | New | 0.03% | +0.03 |
| IAU iShares Gold Trust | New | 0.03% | +0.03 |
| BTC Grayscale Bitcoin Mini ETF | New | 0.03% | +0.03 |
| SLV iShares Silver Trust | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +14.5% | 0.19% | +0.01 |
| EEMA iShares MSCI Emerg MRKT Asia | Add +3.1% | 0.12% | +0.01 |
| IWV iShares Russell 3000 ETF | New | 0.01% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.5% | 0.09% | +0.01 |
| RAL Ralliant Corp. | Add +119.2% | 0.02% | +0.01 |
| PEP Pepsico Inc. | Add +4.0% | 0.09% | +0.01 |
| MDY State Street SPDR S&P Midcap | Add +9.3% | 0.05% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +46.7% | 0.01% | +0.00 |
| IYW iShares Ustechnology ETF | Add +1325.0% | 0.00% | +0.00 |
| EMQQ Emg MKT Internet ETF-USA Inc. | Add +2166.7% | 0.00% | +0.00 |
| ZS Zscaler Inc. | Add +8.8% | 1.55% | +0.00 |
| IYH iShares U.S. Healthcare ETF | New | 0.00% | +0.00 |
| RXRX Recursion Pharmaceuticals-A | New | 0.00% | +0.00 |
| XLK SS Technology Select Sector | Add +8.3% | 0.00% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.00% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +30.0% | 0.00% | +0.00 |
| SMCI Super Micro Computer Inc. | Add +12.0% | 0.00% | +0.00 |
| FLO Flowers Foods Inc. | Add +23.5% | 0.09% | −0.00 |
| DLR Digital Realty Trust Inc. | Add +0.5% | 0.48% | −0.02 |
| PHR Phreesia Inc. | Add +8.4% | 0.45% | −0.07 |
| AMZN Amazon.com Inc. | Add +0.5% | 2.58% | −0.08 |
| ADBE Adobe Inc. | Add +4.9% | 1.30% | −0.11 |
| V Visa Inc. Class A | Add +1.3% | 2.99% | −0.20 |
| NOW ServiceNow Inc. | Add +5.4% | 2.02% | −0.20 |
| COST Costco Wholesale Corp. | Add +0.8% | 3.44% | −0.35 |
| SYK Stryker Corp. | Add +0.3% | 3.86% | −0.41 |
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 |