Greenleaf Trust
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Greenleaf Trust reported 816 stock positions worth $10.9 billion. Its top holding was Stryker (SYK) at 53.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 9.2%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 4.0%). Compared with Q3 2025, it opened 51 new positions, sold out of 41, added to 378 and reduced 341. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +1167%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- KALAMAZOO, MI
- CIK
- 0001162170
- Portfolio Value
- $10.9B (Q4 2025)
- SEC Filing
- 0001162170-26-000002 ↗ filed Jan 21, 2026
Holdings Value
Holdings 816 stocks · $10.9B
| SYK Stryker Corp. | 53.36% | 16,564,209 | $5.8B | Reduce -0.5% |
| IVV iShares Core S&P 500 ETF | 9.25% | 1,472,903 | $1.0B | Reduce -27.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.02% | 5,464,262 | $438.3M | Add +1166.7% |
| IEFA iShares Core MSCI Eafe ETF | 1.85% | 2,258,216 | $202.0M | Reduce -17.2% |
| AAPL Apple Inc. | 1.60% | 640,284 | $174.1M | Reduce -1.3% |
| MSFT Microsoft Corp. | 1.29% | 291,611 | $141.0M | Reduce -0.4% |
| IJH iShares Core S&P Midcap ETF | 0.99% | 1,644,259 | $108.5M | Reduce -27.3% |
| NVDA Nvidia Corp. | 0.98% | 573,769 | $107.0M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.98% | 463,473 | $107.0M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.92% | 320,997 | $100.7M | Reduce -5.1% |
| JAAA Janus Henderson Aaa Clo ETF | 0.86% | 1,848,999 | $93.5M | New |
| GOOGL Alphabet Inc. Class A | 0.84% | 291,300 | $91.2M | Add +0.3% |
| EEM iShares MSCI Emerging Market | 0.76% | 1,524,913 | $83.4M | Reduce -3.0% |
| V Visa Inc. Class A | 0.75% | 233,195 | $81.8M | Add +0.0% |
| IEF iShares 7-10 Year Treasury B | 0.68% | 769,541 | $74.0M | Add +250.0% |
| META Meta Platforms Inc. Class A | 0.65% | 108,066 | $71.3M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 138,346 | $69.5M | Reduce -1.3% |
| IJR iShares Core S&P Small-Cap E | 0.61% | 550,979 | $66.2M | Reduce -25.5% |
| IEMG iShares Core MSCI Emerging | 0.55% | 895,353 | $60.2M | Reduce -1.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.45% | 1,116,681 | $49.6M | Add +980.5% |
| VOO Vanguard S&P 500 ETF | 0.45% | 78,354 | $49.1M | Reduce -0.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.43% | 801,325 | $46.4M | Add +1293.2% |
| ICVT iShares Convertible Bond ETF | 0.41% | 451,146 | $44.4M | Add +0.8% |
| EFA iShares MSCI Eafe ETF | 0.38% | 427,611 | $41.1M | Reduce -1.6% |
| IVW iShares S&P 500 Growth ETF | 0.36% | 316,812 | $39.1M | Reduce -6.5% |
| SPGI S&P Global Inc. | 0.36% | 74,553 | $39.0M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.35% | 111,910 | $38.7M | Add +0.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 123,271 | $37.5M | Reduce -0.9% |
| PFF iShares Preferred & Income S | 0.34% | 1,208,436 | $37.4M | Add +5.5% |
| IVE iShares S&P 500 Value ETF | 0.31% | 161,144 | $34.2M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 0.28% | 94,126 | $30.3M | Reduce -2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 41,426 | $28.2M | Reduce -4.7% |
| CRM Salesforce Inc. | 0.24% | 98,606 | $26.1M | Add +0.5% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.23% | 539,767 | $25.3M | Add +1201.9% |
| CP Canadian Pacific Kansas City | 0.23% | 342,796 | $25.2M | Add +0.7% |
| TSLA Tesla Inc. | 0.22% | 53,617 | $24.1M | Add +4.4% |
| LLY Eli Lilly & Co. | 0.20% | 20,715 | $22.3M | Add +2.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 139,665 | $21.5M | Reduce -0.4% |
| GSY Invesco Ultra Short Duration | 0.20% | 426,881 | $21.5M | Reduce -2.7% |
| HON Honeywell International Inc. | 0.19% | 108,456 | $21.2M | Reduce -0.6% |
| AMT American Tower Corp. | 0.18% | 113,549 | $19.9M | Reduce -4.1% |
| DHR Danaher Corp. | 0.17% | 82,583 | $18.9M | Add +5.8% |
| EFV iShares MSCI Eafe Value ETF | 0.16% | 245,885 | $17.6M | Reduce -5.0% |
| JNJ Johnson & Johnson | 0.16% | 83,050 | $17.2M | Reduce -0.3% |
| ROP Roper Technologies Inc. | 0.15% | 37,634 | $16.8M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.15% | 28,594 | $16.3M | Reduce -2.7% |
| ITOT iShares Core S&P Total U.S. | 0.15% | 108,341 | $16.1M | Reduce -1.0% |
| ADBE Adobe Inc. | 0.15% | 45,977 | $16.1M | Reduce -4.2% |
| MDLZ Mondelez International Inc. Class A | 0.15% | 298,252 | $16.1M | Reduce -2.2% |
| BKNG Booking Holdings Inc. | 0.14% | 2,916 | $15.6M | Reduce -2.7% |
| WMT Walmart Inc. | 0.14% | 132,786 | $14.8M | Add +1.2% |
| HD Home Depot Inc. | 0.13% | 41,271 | $14.2M | Reduce -4.2% |
| DG Dollar General Corp. | 0.13% | 106,716 | $14.2M | Reduce -2.1% |
| GVI iShares Intermediate Governm | 0.13% | 131,804 | $14.1M | Reduce -9.9% |
| ABBV Abbvie Inc. | 0.13% | 60,669 | $13.9M | Reduce -6.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.12% | 118,611 | $13.5M | Reduce -5.3% |
| XOM Exxon Mobil Corp. | 0.11% | 100,116 | $12.0M | Add +4.8% |
| PYPL PayPal Holdings Inc. | 0.11% | 199,458 | $11.6M | Reduce -2.5% |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 60,260 | $11.5M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.10% | 57,462 | $11.2M | Add +0.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 14 | $10.6M | No change |
| COST Costco Wholesale Corp. | 0.10% | 12,202 | $10.5M | Reduce -2.7% |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 72,368 | $10.1M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.09% | 68,295 | $9.8M | Reduce -7.8% |
| CSCO Cisco Systems Inc. | 0.09% | 121,322 | $9.3M | Reduce -1.4% |
| PEP Pepsico Inc. | 0.08% | 64,286 | $9.2M | Reduce -3.6% |
| LRCX Lam Research Corp. | 0.08% | 51,981 | $8.9M | Add +0.7% |
| GS Goldman Sachs Group Inc. | 0.08% | 10,074 | $8.9M | Reduce -1.2% |
| CAT Caterpillar Inc. | 0.08% | 15,286 | $8.8M | Add +2.5% |
| MU Micron Technology Inc. | 0.08% | 30,307 | $8.6M | Add +1.2% |
| NKE Nike Inc. Class B | 0.08% | 128,557 | $8.2M | Reduce -4.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 24,413 | $8.2M | Reduce -2.0% |
| MRK Merck & Co. Inc. | 0.07% | 77,358 | $8.1M | Add +0.5% |
| NFLX Netflix Inc. | 0.07% | 85,727 | $8.0M | Reduce -2.9% |
| ABT Abbott Laboratories | 0.07% | 63,337 | $7.9M | Reduce -15.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 143,403 | $7.9M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 0.07% | 94,945 | $7.6M | Reduce -0.4% |
| HBAN Huntington Bancshares Inc. | 0.07% | 427,344 | $7.4M | Add +6.7% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.07% | 76,401 | $7.4M | Reduce -0.2% |
| AMD Advanced Micro Devices | 0.07% | 34,542 | $7.4M | Add +4.0% |
| APH Amphenol Corp. Class A | 0.07% | 53,568 | $7.2M | Reduce -2.2% |
| RTX RTX Corp. | 0.07% | 38,946 | $7.1M | Reduce -5.4% |
| AMAT Applied Materials Inc. | 0.06% | 26,808 | $6.9M | Add +0.4% |
| WFC Wells Fargo & Co. | 0.06% | 73,413 | $6.8M | Add +2.9% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.06% | 50,933 | $6.7M | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.06% | 11,179 | $6.5M | Add +1.7% |
| GE General Electric filed as GE AEROSPACE | 0.06% | 20,987 | $6.5M | Reduce -0.2% |
| KO The Coca-Cola Co. | 0.06% | 90,319 | $6.3M | Reduce -6.6% |
| PLTR Palantir Technologies Inc. Class A | 0.06% | 35,249 | $6.3M | Reduce -6.2% |
| AXP American Express Co. | 0.05% | 16,168 | $6.0M | Reduce -0.4% |
| MCK McKesson Corp. | 0.05% | 7,257 | $6.0M | Add +3.5% |
| UNH Unitedhealth Group Inc. | 0.05% | 17,782 | $5.9M | Reduce -2.2% |
| PM Philip Morris International | 0.05% | 36,417 | $5.8M | Add +10.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 19,691 | $5.8M | Add +2.5% |
| ETN Eaton Corp. PLC | 0.05% | 18,176 | $5.8M | Reduce -2.1% |
| MCD McDonald's Corp. | 0.05% | 18,889 | $5.8M | Reduce -7.9% |
| INTU Intuit Inc. | 0.05% | 8,618 | $5.7M | Add +1.9% |
| PFE Pfizer Inc. | 0.05% | 228,808 | $5.7M | Add +0.2% |
| QCOM Qualcomm Inc. | 0.05% | 31,693 | $5.4M | Add +1.2% |
| SUB iShares Short-Term National | 0.05% | 50,241 | $5.4M | Reduce -25.7% |
Portfolio Sells Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Reduce -27.6% | 9.25% | −3.12 |
| SYK Stryker Corp. | Reduce -0.5% | 53.36% | −2.57 |
| IJH iShares Core S&P Midcap ETF | Reduce -27.3% | 0.99% | −0.35 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -17.2% | 1.85% | −0.31 |
| IJR iShares Core S&P Small-Cap E | Reduce -25.5% | 0.61% | −0.19 |
| VCLT Vanguard Long-Term Corp. Bond | Sold out | 0.00% | −0.17 |
| MSFT Microsoft Corp. | Reduce -0.4% | 1.29% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 0.65% | −0.07 |
| SCS Steelcase Inc. Class A | Sold out | 0.00% | −0.03 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -46.3% | 0.04% | −0.03 |
| HD Home Depot Inc. | Reduce -4.2% | 0.13% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.2% | 0.15% | −0.03 |
| AMT American Tower Corp. | Reduce -4.1% | 0.18% | −0.02 |
| NFLX Netflix Inc. | Reduce -2.9% | 0.07% | −0.02 |
| ABT Abbott Laboratories | Reduce -15.5% | 0.07% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -2.5% | 0.11% | −0.02 |
| SUB iShares Short-Term National | Reduce -25.7% | 0.05% | −0.02 |
| HON Honeywell International Inc. | Reduce -0.6% | 0.19% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -6.5% | 0.36% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -7.8% | 0.09% | −0.01 |
| GVI iShares Intermediate Governm | Reduce -9.9% | 0.13% | −0.01 |
| DE Deere & Co. | Reduce -33.9% | 0.02% | −0.01 |
| GOVT iShares US Treasury Bond ETF | Reduce -58.9% | 0.01% | −0.01 |
| SOLS Solstice Adv Materials Inc. | Reduce -83.7% | 0.00% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -2.1% | 0.05% | −0.01 |
| NKE Nike Inc. Class B | Reduce -4.0% | 0.08% | −0.01 |
| ADP Automatic Data Processing | Reduce -12.1% | 0.03% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Sold out | 0.00% | −0.01 |
| FISV Fiserv Inc. | Reduce -44.5% | 0.00% | −0.01 |
| ABBV Abbvie Inc. | Reduce -6.2% | 0.13% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.7% | 0.10% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -23.3% | 0.03% | −0.01 |
| ADSK Autodesk Inc. | Reduce -41.5% | 0.01% | −0.01 |
| BLK BlackRock Inc. | Reduce -17.1% | 0.03% | −0.01 |
| GUNR NT Mstar GLBL NR ETF | Reduce -65.0% | 0.00% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -12.3% | 0.04% | −0.01 |
| LIN Linde PLC | Reduce -10.6% | 0.03% | −0.01 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.01 |
| FDS Factset Research Systems Inc. | Reduce -70.4% | 0.00% | −0.01 |
| NVDA Nvidia Corp. | Reduce -1.5% | 0.98% | −0.01 |
| ADBE Adobe Inc. | Reduce -4.2% | 0.15% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -18.0% | 0.03% | −0.01 |
| ANET Arista Networks Inc. | Reduce -9.4% | 0.03% | −0.01 |
| NOW ServiceNow Inc. | Reduce -2.8% | 0.03% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -12.6% | 0.03% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -5.3% | 0.12% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -16.4% | 0.02% | −0.01 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -3.8% | 0.03% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -19.7% | 0.01% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1166.7% | 4.02% | +3.71 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.86% | +0.86 |
| IEF iShares 7-10 Year Treasury B | Add +250.0% | 0.68% | +0.49 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +980.5% | 0.45% | +0.41 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +1293.2% | 0.43% | +0.40 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +1201.9% | 0.23% | +0.21 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.84% | +0.19 |
| LLY Eli Lilly & Co. | Add +2.3% | 0.20% | +0.06 |
| MU Micron Technology Inc. | Add +1.2% | 0.08% | +0.03 |
| DHR Danaher Corp. | Add +5.8% | 0.17% | +0.03 |
| CRM Salesforce Inc. | Add +0.5% | 0.24% | +0.03 |
| V Visa Inc. Class A | Add +0.0% | 0.75% | +0.03 |
| AVGO Broadcom Inc. | Add +0.4% | 0.35% | +0.02 |
| AMD Advanced Micro Devices | Add +4.0% | 0.07% | +0.02 |
| LRCX Lam Research Corp. | Add +0.7% | 0.08% | +0.02 |
| IVE iShares S&P 500 Value ETF | Add +2.1% | 0.31% | +0.02 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.07% | +0.02 |
| CAT Caterpillar Inc. | Add +2.5% | 0.08% | +0.02 |
| PFF iShares Preferred & Income S | Add +5.5% | 0.34% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.4% | 0.06% | +0.01 |
| TSLA Tesla Inc. | Add +4.4% | 0.22% | +0.01 |
| WMT Walmart Inc. | Add +1.2% | 0.14% | +0.01 |
| XOM Exxon Mobil Corp. | Add +4.8% | 0.11% | +0.01 |
| TFC Truist Financial Corp. | Add +197.1% | 0.02% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +1.7% | 0.06% | +0.01 |
| APP AppLovin Corp. Class A | Add +90.8% | 0.02% | +0.01 |
| HNI Hni Corp. | New | 0.01% | +0.01 |
| WFC Wells Fargo & Co. | Add +2.9% | 0.06% | +0.01 |
| KLAC KLA Corp. | Add +6.7% | 0.04% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +20.5% | 0.04% | +0.01 |
| AMGN Amgen Inc. | Add +0.9% | 0.05% | +0.01 |
| OMC Omnicom Group | Add +47.9% | 0.02% | +0.01 |
| CB Chubb Ltd. | Add +2.6% | 0.05% | +0.01 |
| CMI Cummins Inc. | Add +3.3% | 0.03% | +0.01 |
| EMR Emerson Electric Co. | Add +24.6% | 0.03% | +0.01 |
| MCK McKesson Corp. | Add +3.5% | 0.05% | +0.01 |
| COF Capital One Financial Corp. | Add +1.3% | 0.04% | +0.01 |
| CIEN Ciena Corp. | Add +7.1% | 0.01% | +0.01 |
| HBAN Huntington Bancshares Inc. | Add +6.7% | 0.07% | +0.01 |
| ALB Albemarle Corp. | Add +13.6% | 0.01% | +0.00 |
| PH Parker Hannifin Corp. | Add +5.6% | 0.03% | +0.00 |
| PM Philip Morris International | Add +10.0% | 0.05% | +0.00 |
| STZ Constellation Brands Inc. Class A | New | 0.00% | +0.00 |
| IBM Intl Business Machines Corp. | Add +2.5% | 0.05% | +0.00 |
| AZN Astrazeneca PLC-Spons ADR | Add +2.0% | 0.02% | +0.00 |
| INTC Intel Corp. | Add +10.0% | 0.02% | +0.00 |
| GILD Gilead Sciences Inc. | Add +4.9% | 0.03% | +0.00 |
| HRL Hormel Foods Corp. | New | 0.00% | +0.00 |
| COHR Coherent Corp. | Add +50.4% | 0.01% | +0.00 |
| NEM Newmont Corp. | Add +0.3% | 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 |