Greenleaf Trust
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Greenleaf Trust reported 804 stock positions worth $11.0 billion. Its top holding was Stryker (SYK) at 55.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 12.4%) and iShares Core MSCI Eafe ETF (IEFA, 2.2%). Compared with Q2 2025, it opened 47 new positions, sold out of 40, added to 289 and reduced 420. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +942%) and the biggest sale Stryker (SYK, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001162170
- Portfolio Value
- $11.0B (Q3 2025)
- SEC Filing
- 0001162170-25-000007 ↗ filed Oct 22, 2025
Holdings Value
Holdings 804 stocks · $11.0B
| SYK Stryker Corp. | 55.93% | 16,643,488 | $6.2B | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 12.37% | 2,033,275 | $1.4B | Reduce -0.9% |
| IEFA iShares Core MSCI Eafe ETF | 2.16% | 2,726,823 | $238.1M | Reduce -1.1% |
| AAPL Apple Inc. | 1.50% | 649,004 | $165.3M | Reduce -3.6% |
| MSFT Microsoft Corp. | 1.38% | 292,811 | $151.7M | Reduce -7.3% |
| IJH iShares Core S&P Midcap ETF | 1.34% | 2,260,853 | $147.5M | Reduce -0.7% |
| NVDA Nvidia Corp. | 0.99% | 582,284 | $108.6M | Reduce -16.7% |
| AMZN Amazon.com Inc. | 0.93% | 465,242 | $102.2M | Reduce -4.1% |
| IJR iShares Core S&P Small-Cap E | 0.80% | 739,683 | $87.9M | Reduce -1.4% |
| EEM iShares MSCI Emerging Market | 0.76% | 1,571,407 | $83.9M | Reduce -6.9% |
| GOOG Alphabet Inc. Class C | 0.75% | 338,317 | $82.4M | Reduce -9.8% |
| V Visa Inc. Class A | 0.72% | 233,133 | $79.6M | Add +0.7% |
| META Meta Platforms Inc. Class A | 0.72% | 108,190 | $79.5M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 0.64% | 290,367 | $70.6M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 140,117 | $70.4M | Add +3.2% |
| IEMG iShares Core MSCI Emerging | 0.55% | 911,167 | $60.1M | Reduce -1.6% |
| VOO Vanguard S&P 500 ETF | 0.44% | 78,625 | $48.1M | Reduce -1.7% |
| ICVT iShares Convertible Bond ETF | 0.41% | 447,550 | $44.8M | Add +0.5% |
| IVW iShares S&P 500 Growth ETF | 0.37% | 338,801 | $40.9M | Reduce -0.7% |
| EFA iShares MSCI Eafe ETF | 0.37% | 434,706 | $40.6M | Reduce -4.8% |
| AVGO Broadcom Inc. | 0.33% | 111,423 | $36.8M | Add +0.1% |
| SPGI S&P Global Inc. | 0.33% | 74,589 | $36.3M | Add +0.9% |
| PFF iShares Preferred & Income S | 0.33% | 1,145,373 | $36.2M | Add +2.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 124,369 | $34.7M | Reduce -0.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.31% | 431,379 | $33.8M | Add +942.3% |
| IVE iShares S&P 500 Value ETF | 0.30% | 157,781 | $32.6M | Reduce -1.7% |
| JPM JPMorgan Chase & Co. | 0.28% | 96,483 | $30.4M | Reduce -16.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 43,449 | $28.9M | Reduce -58.4% |
| CP Canadian Pacific Kansas City | 0.23% | 340,569 | $25.4M | Add +4.6% |
| CRM Salesforce Inc. | 0.21% | 98,122 | $23.3M | Add +0.1% |
| HON Honeywell International Inc. | 0.21% | 109,149 | $23.0M | Reduce -5.8% |
| TSLA Tesla Inc. | 0.21% | 51,347 | $22.8M | Reduce -1.1% |
| AMT American Tower Corp. | 0.21% | 118,372 | $22.8M | Add +0.9% |
| GSY Invesco Ultra Short Duration | 0.20% | 438,921 | $22.0M | Add +16.1% |
| IEF iShares 7-10 Year Treasury B | 0.19% | 219,845 | $21.2M | Add +4.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 140,176 | $20.3M | Reduce -1.2% |
| MDLZ Mondelez International Inc. Class A | 0.17% | 305,078 | $19.1M | Reduce -1.8% |
| ROP Roper Technologies Inc. | 0.17% | 37,233 | $18.6M | Add +0.7% |
| VCLT Vanguard Long-Term Corp. Bond | 0.17% | 236,753 | $18.4M | New |
| EFV iShares MSCI Eafe Value ETF | 0.16% | 258,820 | $17.6M | Reduce -6.7% |
| HD Home Depot Inc. | 0.16% | 43,073 | $17.5M | Add +16.1% |
| ADBE Adobe Inc. | 0.15% | 48,008 | $16.9M | Add +1.9% |
| MA Mastercard Inc. Class A | 0.15% | 29,401 | $16.7M | Add +2.1% |
| BKNG Booking Holdings Inc. | 0.15% | 2,998 | $16.2M | Reduce -1.7% |
| ORCL Oracle Corp. | 0.15% | 57,005 | $16.0M | Reduce -9.3% |
| ITOT iShares Core S&P Total U.S. | 0.14% | 109,460 | $15.9M | Reduce -3.2% |
| GVI iShares Intermediate Governm | 0.14% | 146,316 | $15.7M | Reduce -7.9% |
| DHR Danaher Corp. | 0.14% | 78,048 | $15.5M | Reduce -7.8% |
| LLY Eli Lilly & Co. | 0.14% | 20,249 | $15.4M | Reduce -15.9% |
| JNJ Johnson & Johnson | 0.14% | 83,318 | $15.4M | Reduce -6.4% |
| ABBV Abbvie Inc. | 0.14% | 64,701 | $15.0M | Reduce -30.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.13% | 125,225 | $14.3M | Reduce -7.0% |
| PYPL PayPal Holdings Inc. | 0.12% | 204,511 | $13.7M | Add +9.9% |
| WMT Walmart Inc. | 0.12% | 131,162 | $13.5M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.11% | 12,541 | $11.6M | Reduce -21.5% |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 60,394 | $11.5M | No change |
| PG The Procter & Gamble Co. | 0.10% | 74,056 | $11.4M | Reduce -22.0% |
| DG Dollar General Corp. | 0.10% | 109,017 | $11.3M | Add +8.0% |
| XOM Exxon Mobil Corp. | 0.10% | 95,569 | $10.8M | Reduce -6.8% |
| NFLX Netflix Inc. | 0.10% | 8,827 | $10.6M | Reduce -1.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 14 | $10.6M | Reduce -22.2% |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 71,774 | $10.1M | Reduce -0.7% |
| ABT Abbott Laboratories | 0.09% | 74,944 | $10.0M | Reduce -14.8% |
| PEP Pepsico Inc. | 0.09% | 66,673 | $9.4M | Reduce -13.2% |
| NKE Nike Inc. Class B | 0.08% | 133,978 | $9.3M | Add +12.7% |
| CSCO Cisco Systems Inc. | 0.08% | 123,057 | $8.4M | Reduce -12.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 24,919 | $8.2M | Reduce -59.9% |
| GS Goldman Sachs Group Inc. | 0.07% | 10,192 | $8.1M | Reduce -0.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.07% | 109,757 | $7.8M | Reduce -61.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 144,176 | $7.4M | Add +0.8% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.07% | 76,543 | $7.3M | Reduce -0.7% |
| SUB iShares Short-Term National | 0.07% | 67,582 | $7.2M | Reduce -9.8% |
| NEE Nextera Energy Inc. | 0.07% | 95,315 | $7.2M | Reduce -16.8% |
| CAT Caterpillar Inc. | 0.06% | 14,916 | $7.1M | Reduce -4.6% |
| ETN Eaton Corp. PLC | 0.06% | 18,560 | $6.9M | Add +37.8% |
| HBAN Huntington Bancshares Inc. | 0.06% | 400,428 | $6.9M | Reduce -0.3% |
| LRCX Lam Research Corp. | 0.06% | 51,597 | $6.9M | Add +2.1% |
| RTX RTX Corp. | 0.06% | 41,173 | $6.9M | Reduce -40.8% |
| PLTR Palantir Technologies Inc. Class A | 0.06% | 37,583 | $6.9M | Reduce -52.5% |
| APH Amphenol Corp. Class A | 0.06% | 54,778 | $6.8M | Reduce -3.7% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.06% | 51,304 | $6.7M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 0.06% | 76,942 | $6.5M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.06% | 96,708 | $6.4M | Reduce -36.4% |
| GE General Electric filed as GE AEROSPACE | 0.06% | 21,037 | $6.3M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.06% | 18,175 | $6.3M | Add +3.3% |
| MCD McDonald's Corp. | 0.06% | 20,507 | $6.2M | Reduce -20.0% |
| WFC Wells Fargo & Co. | 0.05% | 71,377 | $6.0M | Reduce -1.6% |
| PFE Pfizer Inc. | 0.05% | 228,326 | $5.8M | Add +1.6% |
| INTU Intuit Inc. | 0.05% | 8,454 | $5.8M | Reduce -0.8% |
| AMAT Applied Materials Inc. | 0.05% | 26,713 | $5.5M | Reduce -8.4% |
| CVX Chevron Corp. | 0.05% | 34,916 | $5.4M | Reduce -14.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 19,213 | $5.4M | Reduce -3.8% |
| MCK McKesson Corp. | 0.05% | 7,012 | $5.4M | Reduce -0.5% |
| AXP American Express Co. | 0.05% | 16,234 | $5.4M | Reduce -2.8% |
| AMD Advanced Micro Devices | 0.05% | 33,230 | $5.4M | Reduce -2.5% |
| PM Philip Morris International | 0.05% | 33,098 | $5.4M | Reduce -12.0% |
| TMO Thermo Fisher Scientific Inc. | 0.05% | 10,995 | $5.3M | Add +6.0% |
| TXN Texas Instruments Inc. | 0.05% | 28,382 | $5.2M | Reduce -11.7% |
| QCOM Qualcomm Inc. | 0.05% | 31,323 | $5.2M | Reduce -2.4% |
| ISRG Intuitive Surgical Inc. | 0.05% | 11,494 | $5.1M | Reduce -43.4% |
Portfolio Sells Q2 2025 → Q3 2025
| SYK Stryker Corp. | Reduce -0.3% | 55.93% | −2.45 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -58.4% | 0.26% | −0.31 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -61.7% | 0.07% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -59.9% | 0.07% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -43.4% | 0.05% | −0.05 |
| DE Deere & Co. | Reduce -48.6% | 0.04% | −0.04 |
| KO The Coca-Cola Co. | Reduce -36.4% | 0.06% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -21.5% | 0.11% | −0.03 |
| ADP Automatic Data Processing | Reduce -42.3% | 0.04% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -52.5% | 0.06% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -22.0% | 0.10% | −0.03 |
| HON Honeywell International Inc. | Reduce -5.8% | 0.21% | −0.03 |
| RTX RTX Corp. | Reduce -40.8% | 0.06% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -44.8% | 0.04% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -15.9% | 0.14% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -70.1% | 0.01% | −0.02 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -73.9% | 0.01% | −0.02 |
| ADSK Autodesk Inc. | Reduce -56.5% | 0.02% | −0.02 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -22.2% | 0.10% | −0.02 |
| BLK BlackRock Inc. | Reduce -43.4% | 0.04% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -16.3% | 0.28% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -39.8% | 0.04% | −0.02 |
| ABBV Abbvie Inc. | Reduce -30.7% | 0.14% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -42.3% | 0.02% | −0.02 |
| GUNR NT Mstar GLBL NR ETF | Reduce -61.8% | 0.01% | −0.02 |
| ABT Abbott Laboratories | Reduce -14.8% | 0.09% | −0.01 |
| KNSL Kinsale Capital Group Inc. | Reduce -85.6% | 0.00% | −0.01 |
| EMR Emerson Electric Co. | Reduce -41.1% | 0.02% | −0.01 |
| ACN Accenture PLC Class A | Reduce -7.4% | 0.05% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.8% | 0.17% | −0.01 |
| SNPS Synopsys Inc. | Reduce -40.0% | 0.02% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 0.93% | −0.01 |
| PM Philip Morris International | Reduce -12.0% | 0.05% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -11.7% | 0.05% | −0.01 |
| MSFT Microsoft Corp. | Reduce -7.3% | 1.38% | −0.01 |
| MSTR Strategy Inc. | Reduce -55.0% | 0.01% | −0.01 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.01 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.01 |
| NFLX Netflix Inc. | Reduce -1.6% | 0.10% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -12.6% | 0.08% | −0.01 |
| MCD McDonald's Corp. | Reduce -20.0% | 0.06% | −0.01 |
| ANET Arista Networks Inc. | Reduce -46.1% | 0.04% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -47.2% | 0.01% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -1.7% | 0.15% | −0.01 |
| DHR Danaher Corp. | Reduce -7.8% | 0.14% | −0.01 |
| GVI iShares Intermediate Governm | Reduce -7.9% | 0.14% | −0.01 |
| INTU Intuit Inc. | Reduce -0.8% | 0.05% | −0.01 |
| FDS Factset Research Systems Inc. | Reduce -9.4% | 0.01% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Reduce -26.1% | 0.01% | −0.01 |
| QDEF NT Qual Div Def ETF | Reduce -40.4% | 0.01% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +942.3% | 0.31% | +0.28 |
| VCLT Vanguard Long-Term Corp. Bond | New | 0.17% | +0.17 |
| AVGO Broadcom Inc. | Add +0.1% | 0.33% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.2% | 0.64% | +0.06 |
| ICVT iShares Convertible Bond ETF | Add +0.5% | 0.41% | +0.05 |
| HD Home Depot Inc. | Add +16.1% | 0.16% | +0.04 |
| GSY Invesco Ultra Short Duration | Add +16.1% | 0.20% | +0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.03% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +228.6% | 0.04% | +0.03 |
| PFF iShares Preferred & Income S | Add +2.7% | 0.33% | +0.03 |
| SCS Steelcase Inc. Class A | Add +76.7% | 0.03% | +0.02 |
| ETN Eaton Corp. PLC | Add +37.8% | 0.06% | +0.02 |
| LRCX Lam Research Corp. | Add +2.1% | 0.06% | +0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.02% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +4.0% | 0.19% | +0.01 |
| ROK Rockwell Automation Inc. | Add +73.1% | 0.03% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +6.0% | 0.05% | +0.01 |
| LMT Lockheed Martin Corp. | Add +22.9% | 0.04% | +0.01 |
| NKE Nike Inc. Class B | Add +12.7% | 0.08% | +0.01 |
| GE General Electric | Add +0.3% | 0.06% | +0.01 |
| WMT Walmart Inc. | Add +0.1% | 0.12% | +0.01 |
| MA Mastercard Inc. Class A | Add +2.1% | 0.15% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +3.3% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +0.8% | 0.07% | +0.01 |
| KLAC KLA Corp. | Add +2.7% | 0.04% | +0.01 |
| INTC Intel Corp. | Add +9.2% | 0.02% | +0.01 |
| BA The Boeing Co. | Add +30.4% | 0.03% | +0.01 |
| APP AppLovin Corp. Class A | Add +11.9% | 0.01% | +0.01 |
| FAST Fastenal Co. | Add +0.4% | 0.04% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Add +1.4% | 0.01% | +0.01 |
| AZO AutoZone Inc. | Add +4.2% | 0.03% | +0.00 |
| ORLY O'reilly Automotive Inc. | Add +0.1% | 0.03% | +0.00 |
| PFE Pfizer Inc. | Add +1.6% | 0.05% | +0.00 |
| DUK Duke Energy Corp. | Add +13.8% | 0.02% | +0.00 |
| ROL Rollins Inc. | Add +158.3% | 0.01% | +0.00 |
| NOC Northrop Grumman Corp. | Add +3.1% | 0.02% | +0.00 |
| MO Altria Group Inc. | Add +4.6% | 0.02% | +0.00 |
| UBS UBS Group AG-Reg | Add +0.5% | 0.02% | +0.00 |
| GLW Corning Inc. | Add +3.7% | 0.01% | +0.00 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +0.2% | 0.01% | +0.00 |
| GPC Genuine Parts Co. | New | 0.00% | +0.00 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Add +1.7% | 0.01% | +0.00 |
| BX Blackstone Inc. | Add +1.0% | 0.02% | +0.00 |
| GFI Gold Fields Ltd.-Spons ADR | Add +0.2% | 0.01% | +0.00 |
| URI United Rentals Inc. | Add +0.3% | 0.01% | +0.00 |
| GM General Motors Co. | Add +0.3% | 0.01% | +0.00 |
| MPC Marathon Petroleum Corp. | Add +2.3% | 0.02% | +0.00 |
| KTOS Kratos Defense & Security | New | 0.00% | +0.00 |
| CAG Conagra Brands Inc. | New | 0.00% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +1.1% | 0.02% | +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 |