Greenleaf Trust
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Greenleaf Trust reported 797 stock positions worth $11.3 billion. Its top holding was Stryker (SYK) at 58.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.3%) and iShares Core MSCI Eafe ETF (IEFA, 2.0%). Compared with Q1 2025, it opened 56 new positions, sold out of 56, added to 171 and reduced 535. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +3%) and the biggest sale Visa Class A (V, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001162170
- Portfolio Value
- $11.3B (Q2 2025)
- SEC Filing
- 0001162170-25-000006 ↗ filed Jul 17, 2025
Holdings Value
Holdings 797 stocks · $11.3B
| SYK Stryker Corp. | 58.38% | 16,689,224 | $6.6B | Reduce -2.5% |
| IVV iShares Core S&P 500 ETF | 11.26% | 2,051,529 | $1.3B | Add +3.4% |
| IEFA iShares Core MSCI Eafe ETF | 2.03% | 2,756,693 | $230.1M | Reduce -0.5% |
| MSFT Microsoft Corp. | 1.39% | 315,973 | $157.2M | Reduce -4.0% |
| IJH iShares Core S&P Midcap ETF | 1.25% | 2,277,767 | $141.3M | Add +0.2% |
| AAPL Apple Inc. | 1.22% | 673,239 | $138.1M | Reduce -7.5% |
| NVDA Nvidia Corp. | 0.98% | 699,201 | $110.5M | Reduce -16.2% |
| AMZN Amazon.com Inc. | 0.94% | 484,905 | $106.4M | Reduce -4.8% |
| V Visa Inc. Class A | 0.73% | 231,575 | $82.2M | Reduce -58.9% |
| IJR iShares Core S&P Small-Cap E | 0.72% | 749,930 | $82.0M | Reduce -2.3% |
| EEM iShares MSCI Emerging Market | 0.72% | 1,687,308 | $81.4M | Reduce -6.9% |
| META Meta Platforms Inc. Class A | 0.71% | 109,107 | $80.5M | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 0.59% | 375,174 | $66.6M | Reduce -7.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 135,747 | $65.9M | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.57% | 104,448 | $64.5M | Reduce -1.8% |
| IEMG iShares Core MSCI Emerging | 0.49% | 925,577 | $55.6M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 0.46% | 292,255 | $51.5M | Reduce -4.7% |
| VOO Vanguard S&P 500 ETF | 0.40% | 80,017 | $45.5M | Add +9.2% |
| EFA iShares MSCI Eafe ETF | 0.36% | 456,596 | $40.8M | Reduce -1.8% |
| ICVT iShares Convertible Bond ETF | 0.35% | 445,280 | $40.1M | Add +0.5% |
| SPGI S&P Global Inc. | 0.34% | 73,913 | $39.0M | Add +0.1% |
| IVW iShares S&P 500 Growth ETF | 0.33% | 341,181 | $37.6M | Add +0.7% |
| PFF iShares Preferred & Income S | 0.30% | 1,115,156 | $34.2M | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 0.30% | 115,294 | $33.4M | Reduce -14.3% |
| IVE iShares S&P 500 Value ETF | 0.28% | 160,499 | $31.4M | Add +2.2% |
| AVGO Broadcom Inc. | 0.27% | 111,252 | $30.7M | Reduce -4.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.25% | 124,432 | $28.2M | Add +22.4% |
| HON Honeywell International Inc. | 0.24% | 115,906 | $27.0M | Reduce -4.5% |
| CRM Salesforce Inc. | 0.24% | 98,056 | $26.7M | Reduce -0.7% |
| AMT American Tower Corp. | 0.23% | 117,287 | $25.9M | Reduce -33.3% |
| CP Canadian Pacific Kansas City | 0.23% | 325,507 | $25.8M | Add +1.8% |
| ROP Roper Technologies Inc. | 0.19% | 36,993 | $21.0M | Reduce -0.4% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 310,742 | $21.0M | Reduce -0.5% |
| IEF iShares 7-10 Year Treasury B | 0.18% | 211,394 | $20.2M | Add +2.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.17% | 286,400 | $19.3M | Reduce -25.3% |
| GSY Invesco Ultra Short Duration | 0.17% | 377,964 | $19.0M | Reduce -12.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 62,119 | $18.9M | Reduce -2.7% |
| LLY Eli Lilly & Co. | 0.17% | 24,090 | $18.8M | Reduce -7.8% |
| ADBE Adobe Inc. | 0.16% | 47,112 | $18.2M | Reduce -1.7% |
| BKNG Booking Holdings Inc. | 0.16% | 3,050 | $17.7M | Reduce -0.8% |
| EFV iShares MSCI Eafe Value ETF | 0.16% | 277,279 | $17.6M | Reduce -3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.15% | 141,857 | $17.5M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.15% | 93,367 | $17.3M | Reduce -13.0% |
| GVI iShares Intermediate Governm | 0.15% | 158,890 | $17.0M | Reduce -6.8% |
| DHR Danaher Corp. | 0.15% | 84,672 | $16.7M | Reduce -9.3% |
| TSLA Tesla Inc. | 0.15% | 51,935 | $16.5M | Reduce -3.1% |
| MA Mastercard Inc. Class A | 0.14% | 28,788 | $16.2M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.14% | 15,982 | $15.8M | Reduce -12.8% |
| ITOT iShares Core S&P Total U.S. | 0.14% | 113,097 | $15.3M | Reduce -1.9% |
| PG The Procter & Gamble Co. | 0.13% | 94,916 | $15.1M | Reduce -10.8% |
| EFG iShares MSCI Eafe Growth ETF | 0.13% | 134,640 | $15.1M | Reduce -1.1% |
| PYPL PayPal Holdings Inc. | 0.12% | 186,128 | $13.8M | Reduce -6.9% |
| ORCL Oracle Corp. | 0.12% | 62,859 | $13.7M | Reduce -15.5% |
| HD Home Depot Inc. | 0.12% | 37,095 | $13.6M | Reduce -16.6% |
| JNJ Johnson & Johnson | 0.12% | 88,995 | $13.6M | Reduce -8.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 18 | $13.1M | No change |
| WMT Walmart Inc. | 0.11% | 130,996 | $12.8M | Reduce -3.0% |
| NFLX Netflix Inc. | 0.11% | 8,970 | $12.0M | Reduce -5.6% |
| ABT Abbott Laboratories | 0.11% | 87,958 | $12.0M | Reduce -11.4% |
| DG Dollar General Corp. | 0.10% | 100,930 | $11.5M | Reduce -8.3% |
| XOM Exxon Mobil Corp. | 0.10% | 102,512 | $11.1M | Reduce -14.0% |
| ISRG Intuitive Surgical Inc. | 0.10% | 20,292 | $11.0M | Reduce -23.3% |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 60,394 | $11.0M | Reduce -4.0% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 79,114 | $10.8M | Reduce -16.7% |
| KO The Coca-Cola Co. | 0.10% | 152,096 | $10.8M | Reduce -13.7% |
| RTX RTX Corp. | 0.09% | 69,601 | $10.2M | Reduce -20.3% |
| PEP Pepsico Inc. | 0.09% | 76,812 | $10.1M | Reduce -14.1% |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 72,272 | $9.8M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 0.09% | 140,835 | $9.8M | Reduce -13.9% |
| ADP Automatic Data Processing | 0.08% | 28,437 | $8.8M | Reduce -23.0% |
| DE Deere & Co. | 0.08% | 16,798 | $8.5M | Reduce -21.3% |
| NKE Nike Inc. Class B | 0.07% | 118,839 | $8.4M | Reduce -8.2% |
| SUB iShares Short-Term National | 0.07% | 74,966 | $8.0M | Reduce -28.6% |
| NEE Nextera Energy Inc. | 0.07% | 114,613 | $8.0M | Reduce -13.5% |
| MCD McDonald's Corp. | 0.07% | 25,635 | $7.5M | Reduce -25.6% |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 79,962 | $7.4M | Reduce -3.4% |
| GS Goldman Sachs Group Inc. | 0.06% | 10,249 | $7.3M | Reduce -5.1% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.06% | 77,042 | $7.0M | Reduce -2.6% |
| PM Philip Morris International | 0.06% | 37,609 | $6.8M | Add +7.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 143,108 | $6.8M | Reduce -8.3% |
| HBAN Huntington Bancshares Inc. | 0.06% | 401,466 | $6.7M | Reduce -0.9% |
| INTU Intuit Inc. | 0.06% | 8,524 | $6.7M | Reduce -1.3% |
| TXN Texas Instruments Inc. | 0.06% | 32,146 | $6.7M | Reduce -2.8% |
| ACN Accenture PLC Class A | 0.06% | 22,161 | $6.6M | Reduce -10.5% |
| IWM iShares Russell 2000 ETF | 0.06% | 30,611 | $6.6M | Reduce -3.9% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.06% | 51,651 | $6.4M | Reduce -2.1% |
| BLK BlackRock Inc. | 0.06% | 5,934 | $6.2M | Reduce -22.4% |
| MRK Merck & Co. Inc. | 0.05% | 77,266 | $6.1M | Reduce -20.3% |
| CAT Caterpillar Inc. | 0.05% | 15,634 | $6.1M | Reduce -4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 19,973 | $5.9M | Reduce -6.2% |
| CVX Chevron Corp. | 0.05% | 40,946 | $5.9M | Reduce -35.5% |
| WFC Wells Fargo & Co. | 0.05% | 72,506 | $5.8M | Reduce -4.6% |
| APH Amphenol Corp. Class A | 0.05% | 56,890 | $5.6M | Reduce -2.6% |
| UNH Unitedhealth Group Inc. | 0.05% | 17,587 | $5.5M | Reduce -22.0% |
| PFE Pfizer Inc. | 0.05% | 224,828 | $5.4M | Reduce -11.1% |
| GE General Electric filed as GE AEROSPACE | 0.05% | 20,983 | $5.4M | Reduce -7.6% |
| AMAT Applied Materials Inc. | 0.05% | 29,157 | $5.3M | Reduce -27.3% |
| AXP American Express Co. | 0.05% | 16,705 | $5.3M | Reduce -22.0% |
| MCK McKesson Corp. | 0.05% | 7,044 | $5.2M | Reduce -8.8% |
| QCOM Qualcomm Inc. | 0.05% | 32,102 | $5.1M | Reduce -13.8% |
Portfolio Sells Q1 2025 → Q2 2025
| V Visa Inc. Class A | Reduce -58.9% | 0.73% | −1.07 |
| AAPL Apple Inc. | Reduce -7.5% | 1.22% | −0.25 |
| AMT American Tower Corp. | Reduce -33.3% | 0.23% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.7% | 0.58% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -22.0% | 0.05% | −0.06 |
| ABBV Abbvie Inc. | Reduce -13.0% | 0.15% | −0.05 |
| CVX Chevron Corp. | Reduce -35.5% | 0.05% | −0.04 |
| GUNR NT Mstar GLBL NR ETF | Reduce -60.1% | 0.03% | −0.04 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -25.3% | 0.17% | −0.04 |
| PEP Pepsico Inc. | Reduce -14.1% | 0.09% | −0.03 |
| MCD McDonald's Corp. | Reduce -25.6% | 0.07% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -14.0% | 0.10% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -10.8% | 0.13% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -7.8% | 0.17% | −0.03 |
| SUB iShares Short-Term National | Reduce -28.6% | 0.07% | −0.03 |
| GSY Invesco Ultra Short Duration | Reduce -12.7% | 0.17% | −0.03 |
| HD Home Depot Inc. | Reduce -16.6% | 0.12% | −0.03 |
| JNJ Johnson & Johnson | Reduce -8.7% | 0.12% | −0.03 |
| DHR Danaher Corp. | Reduce -9.3% | 0.15% | −0.03 |
| ADP Automatic Data Processing | Reduce -23.0% | 0.08% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -20.3% | 0.05% | −0.03 |
| ISRG Intuitive Surgical Inc. | Reduce -23.3% | 0.10% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -33.1% | 0.03% | −0.02 |
| KO The Coca-Cola Co. | Reduce -13.7% | 0.10% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -16.2% | 0.04% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -12.8% | 0.14% | −0.02 |
| UNP Union Pacific Corp. | Reduce -34.4% | 0.03% | −0.02 |
| PFF iShares Preferred & Income S | Reduce -2.0% | 0.30% | −0.02 |
| DE Deere & Co. | Reduce -21.3% | 0.08% | −0.02 |
| RTX RTX Corp. | Reduce -20.3% | 0.09% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -13.5% | 0.07% | −0.02 |
| GVI iShares Intermediate Governm | Reduce -6.8% | 0.15% | −0.01 |
| ABT Abbott Laboratories | Reduce -11.4% | 0.11% | −0.01 |
| ROP Roper Technologies Inc. | Reduce -0.4% | 0.19% | −0.01 |
| FISV Fiserv Inc. | Reduce -24.2% | 0.02% | −0.01 |
| ACN Accenture PLC Class A | Reduce -10.5% | 0.06% | −0.01 |
| SCHH Schwab US REIT ETF | Sold out | 0.00% | −0.01 |
| BLK BlackRock Inc. | Reduce -22.4% | 0.06% | −0.01 |
| ADSK Autodesk Inc. | Reduce -30.6% | 0.04% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -16.9% | 0.03% | −0.01 |
| PFE Pfizer Inc. | Reduce -11.1% | 0.05% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -25.8% | 0.02% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -45.9% | 0.01% | −0.01 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.01 |
| AMGN Amgen Inc. | Reduce -6.0% | 0.04% | −0.01 |
| COP Conocophillips | Reduce -16.9% | 0.02% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.5% | 0.19% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.3% | 0.72% | −0.01 |
| MDT Medtronic PLC | Reduce -37.2% | 0.01% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +3.4% | 11.26% | +1.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +22.4% | 0.25% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +9.2% | 0.40% | +0.06 |
| IVW iShares S&P 500 Growth ETF | Add +0.7% | 0.33% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +0.2% | 1.25% | +0.04 |
| CP Canadian Pacific Kansas City | Add +1.8% | 0.23% | +0.02 |
| ICVT iShares Convertible Bond ETF | Add +0.5% | 0.35% | +0.02 |
| COF Capital One Financial Corp. | Add +49.7% | 0.03% | +0.01 |
| PSK SS SPDR Ice Pref Sec ETF | New | 0.01% | +0.01 |
| PM Philip Morris International | Add +7.1% | 0.06% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +32.8% | 0.02% | +0.01 |
| BKLN Invesco Senior Loan ETF | New | 0.01% | +0.01 |
| UBER Uber Technologies Inc. | Add +8.2% | 0.02% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.8% | 0.02% | +0.01 |
| COIN Coinbase Global Inc. Class A | Add +40.3% | 0.01% | +0.00 |
| IVE iShares S&P 500 Value ETF | Add +2.2% | 0.28% | +0.00 |
| ILMN Illumina Inc. | Add +114.0% | 0.01% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +1.3% | 0.03% | +0.00 |
| STX Seagate Technology Holdings | Add +7.6% | 0.01% | +0.00 |
| NDAQ Nasdaq Inc. | Add +25.7% | 0.01% | +0.00 |
| DELL Dell Technologies -C | Add +8.5% | 0.01% | +0.00 |
| KB KB Financial Group Inc.-ADR | Add +0.3% | 0.01% | +0.00 |
| DASH DoorDash Inc. Class A | Add +34.8% | 0.01% | +0.00 |
| IUSV iShares Core S&P U.S. Value | New | 0.00% | +0.00 |
| AGG iShares Core U.S. Aggregate | New | 0.00% | +0.00 |
| FMC FMC Corp. | Add +141.0% | 0.01% | +0.00 |
| NEM Newmont Corp. | Add +9.2% | 0.01% | +0.00 |
| HWM Howmet Aerospace Inc. | Add +7.6% | 0.01% | +0.00 |
| JMOM JPMorgan US Momentum Factor | New | 0.00% | +0.00 |
| VGIT Vanguard Intermediate-Term T | New | 0.00% | +0.00 |
| APP AppLovin Corp. Class A | Add +77.9% | 0.00% | +0.00 |
| BIIB Biogen Inc. | Add +91.8% | 0.01% | +0.00 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.00% | +0.00 |
| STT State Street Corp. | Add +3.8% | 0.02% | +0.00 |
| NET Cloudflare Inc. Class A | New | 0.00% | +0.00 |
| ON On Semiconductor | New | 0.00% | +0.00 |
| PTC PTC Inc. | New | 0.00% | +0.00 |
| TME Tencent Music Entertainm-ADR | Add +0.1% | 0.01% | +0.00 |
| VNT Vontier Corp. | Add +1.8% | 0.03% | +0.00 |
| SPGI S&P Global Inc. | Add +0.1% | 0.34% | +0.00 |
| GLDM SPDR Gold Minishares Trust | New | 0.00% | +0.00 |
| ATR Aptargroup Inc. | New | 0.00% | +0.00 |
| ELF Elf Beauty Inc. | New | 0.00% | +0.00 |
| HRL Hormel Foods Corp. | New | 0.00% | +0.00 |
| NTES Netease Inc.-ADR | New | 0.00% | +0.00 |
| DY Dycom Industries Inc. | New | 0.00% | +0.00 |
| FIVE Five Below | New | 0.00% | +0.00 |
| DINO HF Sinclair Corp. | New | 0.00% | +0.00 |
| IUSG iShares Core S&P U.S. Growth | New | 0.00% | +0.00 |
| LITE Lumentum Holdings Inc. | Add +21.8% | 0.01% | +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 |