Greenleaf Trust
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Greenleaf Trust reported 797 stock positions worth $11.0 billion. Its top holding was Stryker (SYK) at 58.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 10.2%) and iShares Core MSCI Eafe ETF (IEFA, 1.9%). Compared with Q4 2024, it opened 34 new positions, sold out of 43, added to 412 and reduced 292. The biggest buy was Visa Class A (V, shares +139%) and the biggest sale Nvidia (NVDA, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001162170
- Portfolio Value
- $11.0B (Q1 2025)
- SEC Filing
- 0001162170-25-000005 ↗ filed Apr 30, 2025
Holdings Value
Holdings 797 stocks · $11.0B
| SYK Stryker Corp. | 58.11% | 17,116,802 | $6.4B | Reduce -3.5% |
| IVV iShares Core S&P 500 ETF | 10.17% | 1,984,859 | $1.1B | Add +5.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.91% | 2,771,509 | $209.7M | Reduce -1.8% |
| V Visa Inc. Class A | 1.80% | 563,215 | $197.4M | Add +139.0% |
| AAPL Apple Inc. | 1.47% | 727,580 | $161.6M | Add +2.5% |
| IJH iShares Core S&P Midcap ETF | 1.21% | 2,272,799 | $132.6M | Reduce -2.4% |
| MSFT Microsoft Corp. | 1.13% | 329,216 | $123.6M | Add +1.1% |
| AMZN Amazon.com Inc. | 0.88% | 509,088 | $96.9M | Add +0.5% |
| NVDA Nvidia Corp. | 0.82% | 834,124 | $90.4M | Reduce -2.5% |
| IJR iShares Core S&P Small-Cap E | 0.73% | 767,755 | $80.3M | Reduce -4.5% |
| EEM iShares MSCI Emerging Market | 0.72% | 1,812,156 | $79.2M | Reduce -14.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.68% | 139,578 | $74.3M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.59% | 112,615 | $64.9M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.58% | 406,101 | $63.4M | Reduce -2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.54% | 106,405 | $59.5M | Add +2.0% |
| IEMG iShares Core MSCI Emerging | 0.46% | 943,022 | $50.9M | Reduce -6.7% |
| GOOGL Alphabet Inc. Class A | 0.43% | 306,541 | $47.4M | Add +4.6% |
| AMT American Tower Corp. | 0.35% | 175,824 | $38.3M | Add +7.9% |
| EFA iShares MSCI Eafe ETF | 0.35% | 464,851 | $38.0M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 0.34% | 73,256 | $37.6M | Add +2.6% |
| SPGI S&P Global Inc. | 0.34% | 73,853 | $37.5M | Add +1.9% |
| ICVT iShares Convertible Bond ETF | 0.34% | 443,129 | $37.1M | Add +3.0% |
| PFF iShares Preferred & Income S | 0.32% | 1,137,401 | $35.0M | Add +4.8% |
| JPM JPMorgan Chase & Co. | 0.30% | 134,574 | $33.0M | Add +3.8% |
| IVW iShares S&P 500 Growth ETF | 0.29% | 338,943 | $31.5M | Reduce -4.1% |
| IVE iShares S&P 500 Value ETF | 0.27% | 157,037 | $29.9M | Add +2.8% |
| CRM Salesforce Inc. | 0.24% | 98,696 | $26.5M | Add +1.4% |
| HON Honeywell International Inc. | 0.23% | 121,398 | $25.7M | Add +3.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.21% | 383,223 | $23.2M | Reduce -5.3% |
| ABBV Abbvie Inc. | 0.20% | 107,295 | $22.5M | Reduce -2.9% |
| CP Canadian Pacific Kansas City | 0.20% | 319,652 | $22.4M | Add +5.1% |
| ROP Roper Technologies Inc. | 0.20% | 37,143 | $21.9M | Add +1.4% |
| GSY Invesco Ultra Short Duration | 0.20% | 432,832 | $21.7M | Reduce -10.6% |
| LLY Eli Lilly & Co. | 0.20% | 26,137 | $21.6M | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 312,372 | $21.2M | Reduce -2.1% |
| IEF iShares 7-10 Year Treasury B | 0.18% | 206,005 | $19.6M | Add +6.5% |
| AVGO Broadcom Inc. | 0.18% | 116,966 | $19.6M | Add +3.2% |
| DHR Danaher Corp. | 0.17% | 93,343 | $19.1M | Reduce -6.2% |
| ADBE Adobe Inc. | 0.17% | 47,912 | $18.4M | Add +10.3% |
| PG The Procter & Gamble Co. | 0.17% | 106,348 | $18.1M | Reduce -1.6% |
| GVI iShares Intermediate Governm | 0.16% | 170,536 | $18.1M | Reduce -7.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.16% | 145,336 | $17.7M | Add +2.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 63,870 | $17.6M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.16% | 18,319 | $17.3M | Add +9.1% |
| EFV iShares MSCI Eafe Value ETF | 0.15% | 287,877 | $17.0M | Reduce -3.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.15% | 101,658 | $16.9M | Reduce -10.4% |
| HD Home Depot Inc. | 0.15% | 44,458 | $16.3M | Add +4.9% |
| JNJ Johnson & Johnson | 0.15% | 97,477 | $16.2M | Add +10.8% |
| MA Mastercard Inc. Class A | 0.14% | 28,812 | $15.8M | Add +2.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 18 | $14.4M | No change |
| XOM Exxon Mobil Corp. | 0.13% | 119,183 | $14.2M | Add +5.9% |
| BKNG Booking Holdings Inc. | 0.13% | 3,074 | $14.2M | Reduce -42.4% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 115,327 | $14.1M | Reduce -0.2% |
| TSLA Tesla Inc. | 0.13% | 53,624 | $13.9M | Reduce -7.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.12% | 136,147 | $13.6M | Reduce -15.8% |
| PEP Pepsico Inc. | 0.12% | 89,432 | $13.4M | Reduce -1.8% |
| ABT Abbott Laboratories | 0.12% | 99,302 | $13.2M | Add +3.6% |
| ISRG Intuitive Surgical Inc. | 0.12% | 26,458 | $13.1M | Reduce -3.4% |
| PYPL PayPal Holdings Inc. | 0.12% | 199,911 | $13.0M | Add +4.1% |
| KO The Coca-Cola Co. | 0.12% | 176,297 | $12.6M | Add +1.6% |
| WMT Walmart Inc. | 0.11% | 135,053 | $11.9M | Reduce -3.2% |
| UNH Unitedhealth Group Inc. | 0.11% | 22,558 | $11.8M | Reduce -2.9% |
| RTX RTX Corp. | 0.11% | 87,344 | $11.6M | Add +3.5% |
| ADP Automatic Data Processing | 0.10% | 36,946 | $11.3M | Add +1.9% |
| SUB iShares Short-Term National | 0.10% | 105,019 | $11.1M | Reduce -9.4% |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 62,941 | $10.9M | Reduce -9.8% |
| MCD McDonald's Corp. | 0.10% | 34,475 | $10.8M | Add +4.9% |
| CVX Chevron Corp. | 0.10% | 63,467 | $10.6M | Add +4.2% |
| ORCL Oracle Corp. | 0.09% | 74,404 | $10.4M | Add +0.4% |
| CSCO Cisco Systems Inc. | 0.09% | 163,602 | $10.1M | Add +2.3% |
| DE Deere & Co. | 0.09% | 21,331 | $10.0M | Add +2.8% |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 72,581 | $9.8M | Add +19.0% |
| DG Dollar General Corp. | 0.09% | 110,100 | $9.7M | Add +5.3% |
| NEE Nextera Energy Inc. | 0.09% | 132,523 | $9.4M | Add +1.4% |
| NFLX Netflix Inc. | 0.08% | 9,501 | $8.9M | Reduce -7.3% |
| MRK Merck & Co. Inc. | 0.08% | 96,886 | $8.7M | Reduce -6.3% |
| NKE Nike Inc. Class B | 0.07% | 129,508 | $8.2M | Add +11.6% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 94,965 | $8.0M | Add +19.4% |
| GUNR NT Mstar GLBL NR ETF | 0.07% | 204,040 | $7.9M | Reduce -4.0% |
| ACN Accenture PLC Class A | 0.07% | 24,756 | $7.7M | Add +2.0% |
| BLK BlackRock Inc. | 0.07% | 7,644 | $7.2M | Add +9.9% |
| IWR iShares Russell Mid-Cap ETF | 0.06% | 82,760 | $7.0M | Add +10.3% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.06% | 79,125 | $6.6M | Reduce -7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 156,145 | $6.5M | Add +3.2% |
| PFE Pfizer Inc. | 0.06% | 252,749 | $6.4M | Add +6.9% |
| IWM iShares Russell 2000 ETF | 0.06% | 31,868 | $6.4M | Add +6.3% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.06% | 52,742 | $6.3M | Reduce -7.7% |
| TMO Thermo Fisher Scientific Inc. | 0.06% | 12,383 | $6.2M | Add +0.8% |
| HBAN Huntington Bancshares Inc. | 0.06% | 405,179 | $6.1M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.05% | 33,071 | $5.9M | Add +2.4% |
| GS Goldman Sachs Group Inc. | 0.05% | 10,795 | $5.9M | Add +0.6% |
| LOW Lowe's Cos Inc. | 0.05% | 25,179 | $5.9M | Reduce -0.1% |
| AMAT Applied Materials Inc. | 0.05% | 40,113 | $5.8M | Reduce -1.9% |
| AXP American Express Co. | 0.05% | 21,416 | $5.8M | Reduce -1.5% |
| QCOM Qualcomm Inc. | 0.05% | 37,262 | $5.7M | Add +2.7% |
| ADSK Autodesk Inc. | 0.05% | 21,838 | $5.7M | Add +3.9% |
| PM Philip Morris International | 0.05% | 35,116 | $5.6M | Add +4.9% |
| WFC Wells Fargo & Co. | 0.05% | 75,982 | $5.5M | Add +2.5% |
| AMGN Amgen Inc. | 0.05% | 17,415 | $5.4M | Reduce -1.0% |
| CAT Caterpillar Inc. | 0.05% | 16,411 | $5.4M | Reduce -7.5% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -2.5% | 0.82% | −0.22 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 0.58% | −0.15 |
| BKNG Booking Holdings Inc. | Reduce -42.4% | 0.13% | −0.11 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.4% | 1.21% | −0.11 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.5% | 0.73% | −0.11 |
| TSLA Tesla Inc. | Reduce -7.2% | 0.13% | −0.09 |
| EEM iShares MSCI Emerging Market | Reduce -14.2% | 0.72% | −0.08 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -10.4% | 0.15% | −0.05 |
| SYK Stryker Corp. | Reduce -3.5% | 58.11% | −0.05 |
| IVW iShares S&P 500 Growth ETF | Reduce -4.1% | 0.29% | −0.04 |
| DHR Danaher Corp. | Reduce -6.2% | 0.17% | −0.03 |
| GSY Invesco Ultra Short Duration | Reduce -10.6% | 0.20% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -15.8% | 0.12% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -32.9% | 0.04% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -6.7% | 0.46% | −0.02 |
| VST Vistra Corp. | Reduce -62.9% | 0.01% | −0.01 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -42.3% | 0.02% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -6.3% | 0.08% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -62.4% | 0.01% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -9.8% | 0.10% | −0.01 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -18.6% | 0.03% | −0.01 |
| GNTX Gentex Corp. | Reduce -67.8% | 0.00% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -7.7% | 0.06% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -3.4% | 0.12% | −0.01 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -62.7% | 0.01% | −0.01 |
| SUB iShares Short-Term National | Reduce -9.4% | 0.10% | −0.01 |
| GVI iShares Intermediate Governm | Reduce -7.4% | 0.16% | −0.01 |
| MNA Nylim Merger Arbtrage ETF-Ui | Reduce -67.7% | 0.00% | −0.01 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -14.2% | 0.04% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -0.4% | 0.04% | −0.01 |
| CAT Caterpillar Inc. | Reduce -7.5% | 0.05% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 0.59% | −0.01 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -1.9% | 0.05% | −0.01 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -7.7% | 0.06% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.2% | 0.13% | −0.01 |
| WMT Walmart Inc. | Reduce -3.2% | 0.11% | −0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -41.3% | 0.01% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.01 |
| AXP American Express Co. | Reduce -1.5% | 0.05% | −0.01 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -9.7% | 0.02% | −0.01 |
| OMC Omnicom Group | Reduce -22.9% | 0.02% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.6% | 0.02% | −0.01 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.01 |
| FSLR First Solar Inc. | Reduce -28.2% | 0.01% | −0.01 |
| TGT Target Corp. | Reduce -0.6% | 0.02% | −0.00 |
| HBAN Huntington Bancshares Inc. | Reduce -0.1% | 0.06% | −0.00 |
| DEM Wisdomtree Emerging Markets | Reduce -23.7% | 0.02% | −0.00 |
| INTU Intuit Inc. | Reduce -6.3% | 0.05% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| V Visa Inc. Class A | Add +139.0% | 1.80% | +1.12 |
| AMT American Tower Corp. | Add +7.9% | 0.35% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +5.3% | 10.17% | +0.08 |
| JNJ Johnson & Johnson | Add +10.8% | 0.15% | +0.03 |
| CME Cme Group Inc. | Add +219.7% | 0.04% | +0.03 |
| ROP Roper Technologies Inc. | Add +1.4% | 0.20% | +0.03 |
| ABT Abbott Laboratories | Add +3.6% | 0.12% | +0.02 |
| KNSL Kinsale Capital Group Inc. | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +5.9% | 0.13% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +19.4% | 0.07% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +3.8% | 0.30% | +0.02 |
| COST Costco Wholesale Corp. | Add +9.1% | 0.16% | +0.02 |
| KO The Coca-Cola Co. | Add +1.6% | 0.12% | +0.02 |
| RTX RTX Corp. | Add +3.5% | 0.11% | +0.02 |
| CVX Chevron Corp. | Add +4.2% | 0.10% | +0.02 |
| SDY SS SPDR S&P Dividend ETF | Add +19.0% | 0.09% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +6.5% | 0.18% | +0.02 |
| DG Dollar General Corp. | Add +5.3% | 0.09% | +0.02 |
| PM Philip Morris International | Add +4.9% | 0.05% | +0.01 |
| SPGI S&P Global Inc. | Add +1.9% | 0.34% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.3% | 0.20% | +0.01 |
| MCD McDonald's Corp. | Add +4.9% | 0.10% | +0.01 |
| DE Deere & Co. | Add +2.8% | 0.09% | +0.01 |
| T AT&T Inc. | Add +5.9% | 0.04% | +0.01 |
| MA Mastercard Inc. Class A | Add +2.6% | 0.14% | +0.01 |
| GE General Electric | Add +6.4% | 0.04% | +0.01 |
| PFF iShares Preferred & Income S | Add +4.8% | 0.32% | +0.01 |
| ELV Elevance Health Inc. | Add +16.6% | 0.03% | +0.01 |
| IVE iShares S&P 500 Value ETF | Add +2.8% | 0.27% | +0.01 |
| MCK McKesson Corp. | Add +0.1% | 0.05% | +0.01 |
| MDT Medtronic PLC | Add +51.0% | 0.02% | +0.01 |
| GILD Gilead Sciences Inc. | Add +8.6% | 0.03% | +0.01 |
| IBM Intl Business Machines Corp. | Add +3.3% | 0.05% | +0.01 |
| BX Blackstone Inc. | Add +106.3% | 0.02% | +0.01 |
| ADP Automatic Data Processing | Add +1.9% | 0.10% | +0.01 |
| CSCO Cisco Systems Inc. | Add +2.3% | 0.09% | +0.01 |
| PGR Progressive Corp. | Add +2.9% | 0.03% | +0.01 |
| TMUS T-Mobile US Inc. | Add +6.8% | 0.03% | +0.01 |
| CI The Cigna Group | Add +4.7% | 0.03% | +0.01 |
| UBER Uber Technologies Inc. | Add +33.0% | 0.02% | +0.01 |
| CVS CVS Health Corp. | Add +17.7% | 0.01% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +5.0% | 0.03% | +0.01 |
| ECL Ecolab Inc. | Add +8.7% | 0.03% | +0.01 |
| TJX TJX Companies Inc. | Add +2.3% | 0.16% | +0.01 |
| ICVT iShares Convertible Bond ETF | Add +3.0% | 0.34% | +0.01 |
| ORLY O'reilly Automotive Inc. | Add +2.3% | 0.03% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +6.2% | 0.04% | +0.00 |
| VT Vanguard Tot World STK ETF | New | 0.00% | +0.00 |
| MO Altria Group Inc. | Add +7.0% | 0.02% | +0.00 |
| BSX Boston Scientific Corp. | Add +6.3% | 0.03% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 867 | $10.4B | SYK, IVV, SPYM, IEFA, AAPL |
| Q1 2026 | 804 | $10.2B | SYK, IVV, SPYM, IEFA, AAPL |
| Q4 2025 | 816 | $10.9B | SYK, IVV, SPYM, IEFA, AAPL |
| Q3 2025 | 804 | $11.0B | SYK, IVV, IEFA, AAPL, MSFT |
| Q2 2025 | 797 | $11.3B | SYK, IVV, IEFA, MSFT, IJH |
| Q1 2025 | 797 | $11.0B | SYK, IVV, IEFA, V, AAPL |
| Q4 2024 | 806 | $11.0B | SYK, IVV, IEFA, AAPL, IJH |
| Q3 2024 | 832 | $11.2B | SYK, IVV, IEFA, AAPL, IJH |
| Q2 2024 | 792 | $10.5B | SYK, IVV, IEFA, AAPL, MSFT |
| Q1 2024 | 776 | $10.8B | SYK, IVV, IEFA, IJH, MSFT |