ARCADIA INVESTMENT MANAGEMENT CORP/MI

CIK

1016972

Location

KALAMAZOO, MI

Portfolio Value

Small $549,779,041

Diversification

Diversified

Filing Date

Global Rank

#2,181 / 8,232 ▲ 82

Top Industry

Semiconductors 17.1%

3Y Alpha vs SPY

-5.2%

Period ended 2 months ago

Filed Apr 22, 2026 · 53d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+54.4%

SPY

+76.3%

Annualised alpha

-5.2%

Max drawdown

−20.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

315 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.4%

−0.8 pts

Top 5

26.6%

−1.7 pts

Top 10

45.6%

−1.4 pts

HHI

300

Diversified−13

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	40.9%	$224,899,906	63
Healthcare	15.3%	$83,857,994	48
Consumer Cyclical	8.1%	$44,729,627	25
Industrials	7.9%	$43,290,915	50
Financial Services	7.4%	$40,943,495	42
Communication Services	6.0%	$32,809,585	8
Consumer Defensive	5.5%	$30,100,096	14
Energy	3.9%	$21,321,132	18
Basic Materials	2.0%	$11,207,057	14
Real Estate	1.6%	$8,873,740	11
Utilities	1.2%	$6,796,039	16
Unclassified	0.2%	$949,455	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VTRS	Viatris Inc	+1,247,326	1,329,326	$17,959,194
PHR	Phreesia, Inc.	+28,425	166,490	$1,395,186
FLO	Flowers Foods Inc	+19,650	63,275	$515,691
CLMB	Climb Global Solutions, Inc.	+10,571	12,056	$238,949
DXCM	Dexcom Inc	+7,765	16,845	$1,057,866
P	Everpure, Inc.	+5,450	80,030	$4,724,971
AAON	Aaon, Inc.	+5,135	31,759	$2,628,057
ABT	Abbott Laboratories	+5,046	8,405	$862,941
NTNX	Nutanix, Inc.	+4,264	25,989	$987,841
NOW	ServiceNow, Inc.	+4,060	79,325	$8,293,428
MOD	Modine Manufacturing Co	+2,580	10,933	$2,369,290
JPM	Jpmorgan Chase & Co	+2,112	2,752	$809,528
WAT	Waters Corp /De/	+1,626	1,627	$484,520
DYN	Dyne Therapeutics, Inc.	+1,600	49,475	$896,981
ZS	Zscaler, Inc.	+1,478	35,991	$5,049,177
ETH	Grayscale Ethereum Staking Mini ETF	+1,248	7,525	$149,446
PANW	Palo Alto Networks Inc	+1,239	137,226	$22,000,072
META	Meta Platforms, Inc.	+1,233	11,428	$6,538,301
CBRE	Cbre Group, Inc.	+1,150	36,766	$4,980,322
BWXT	BWX Technologies, Inc.	+980	8,089	$1,654,119
MTZ	Mastec Inc	+825	7,174	$2,308,162
BTC	Grayscale Bitcoin Mini Trust ETF	+711	5,530	$165,844
ZTS	Zoetis Inc.	+694	2,095	$247,649
SYK	Stryker Corp	+660	66,689	$21,913,338
FITB	Fifth Third Bancorp	+615	5,738	$266,587
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SBUX	Starbucks Corp	−24,908	66,507	$5,958,362
FAST	Fastenal Co	−12,500	68,524	$3,179,513
EL	Estee Lauder Companies Inc	−6,883	9,737	$698,824
ORLY	O Reilly Automotive Inc	−6,662	143,355	$13,233,100
SU	Suncor Energy Inc	−6,610	222,828	$14,731,159
ITW	Illinois Tool Works Inc	−6,222	21,078	$5,486,392
AES	Aes Corp	−5,700	165,915	$2,337,742
MDLZ	Mondelez International, Inc.	−5,350	22,206	$1,279,953
TSCO	Tractor Supply Co /De/	−5,310	85,027	$3,851,723
AVGO	Broadcom Inc.	−4,465	131,995	$40,853,772
PEP	Pepsico Inc	−3,400	425	$65,998
HAL	Halliburton Co	−3,275	28,375	$1,106,341
ACN	Accenture plc	−3,091	35,289	$6,997,455
BMY	Bristol Myers Squibb Co	−2,090	26,704	$1,619,597
ECL	Ecolab Inc.	−1,837	15,565	$4,140,601
WTRG	Essential Utilities, Inc.	−1,500	63,175	$2,544,057
APD	Air Products & Chemicals, Inc.	−1,390	19,633	$5,703,190
AAPL	Apple Inc.	−1,364	100,808	$25,584,062
GOOGL	Alphabet Inc.	−1,145	88,674	$25,499,095
WMT	Walmart Inc.	−1,004	29,050	$3,610,334
SRPT	Sarepta Therapeutics, Inc.	−880	2,800	$60,928
BSX	Boston Scientific Corp	−856	14	$878
SYY	Sysco Corp	−700	651	$46,435
AXP	American Express Co	−667	19,982	$6,044,155
KMX	Carmax Inc	−650	650	$27,027
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
GPN	Global Payments Inc	6,230	$419,279
GEV	GE Vernova Inc.	468	$408,517
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
MGRC	Mcgrath Rentcorp	15,997	$1,678,565
MUSA	Murphy USA Inc.	4,080	$1,646,361
NXST	Nexstar Media Group, Inc.	3,918	$795,549
SLV	iShares Silver Trust	3,885	$250,271
IAU	Ishares Gold Trust	2,328	$188,963
MIDD	MIDDLEBY Corp	250	$37,167
RSG	Republic Services, Inc.	132	$27,974
BCAB	BioAtla, Inc.	1,403	$796
SOLS	Solstice Advanced Materials Inc.	13	$631
TMUS	T-Mobile US, Inc.	2	$406
EXC	Exelon Corp	6	$261
EFX	Equifax Inc	1	$216
REG	Regency Centers Corp	3	$207
NCLH	Norwegian Cruise Line Holdings Ltd.	8	$178
SRE	Sempra	2	$176
PYPL	PayPal Holdings, Inc.	3	$175
CCL	Carnival Corp Ltd.	5	$152
LYV	Live Nation Entertainment, Inc.	1	$142
DUK	Duke Energy CORP	1	$117
DVA	Davita Inc.	1	$113
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

315 positions · $549,779,041 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 51–100 of 315 positions by value · page 2 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COR	Cencora, Inc. Healthcare	Held	1	0	$314	−6.8%	0.00%
NEM	NEWMONT Corp /DE/ Basic Materials	Held	3	0	$324	+8.4%	0.00%
VTR	Ventas, Inc. Real Estate	Held	4	0	$327	+5.8%	0.00%
PM	Philip Morris International Inc. Consumer Defensive	Held	2	0	$330	+3.1%	0.00%
FOXA	Fox Corp Communication Services	Held	6	0	$350	−20.1%	0.00%
EMBC	Embecta Corp. Healthcare	Held	40	0	$353	−25.7%	0.00%
SPG	Simon Property Group Inc. Real Estate	Held	2	0	$373	+0.8%	0.00%
RTX	RTX Corp Industrials	Held	2	0	$385	+5.2%	0.00%
TXN	Texas Instruments Inc Technology	Held	2	0	$388	+12.1%	0.00%
CF	CF Industries Holdings, Inc. Basic Materials	Held	3	0	$389	+67.7%	0.00%
STX	Seagate Technology Holdings plc Technology	Held	1	0	$391	+42.2%	0.00%
AEP	American Electric Power Co Inc Utilities	Held	3	0	$393	+13.9%	0.00%
PEG	Public Service Enterprise Group Inc Utilities	Held	5	0	$404	+0.7%	0.00%
EA	Electronic Arts Inc. Communication Services	Held	2	0	$407	−0.2%	0.00%
GLW	Corning Inc /Ny Technology	Held	3	0	$407	+55.3%	0.00%
CAH	Cardinal Health Inc Healthcare	Held	2	0	$422	+2.7%	0.00%
BAC	Bank Of America Corp /De/ Financial Services	Held	9	0	$438	−11.5%	0.00%
BNY	Bank of New York Mellon Corp Financial Services	Held	4	0	$474	+2.2%	0.00%
WDC	Western Digital Corp Technology	Held	2	0	$540	+57.0%	0.00%
UAL	United Airlines Holdings, Inc. Industrials	Held	6	0	$552	−17.6%	0.00%
WTW	Willis Towers Watson PLC Financial Services	Held	2	0	$581	−11.6%	0.00%
MLM	Martin Marietta Materials Inc Basic Materials	Held	1	0	$588	−5.5%	0.00%
F	Ford Motor Co Consumer Cyclical	Held	51	0	$588	−12.1%	0.00%
LMT	Lockheed Martin Corp Industrials	Held	1	0	$604	+25.1%	0.00%
TEL	TE Connectivity plc Technology	Held	3	0	$627	−8.1%	0.00%
SHW	Sherwin Williams Co Basic Materials	Held	2	0	$641	−1.1%	0.00%
PLD	Prologis, Inc. Real Estate	Held	5	0	$660	+3.4%	0.00%
MRP	Millrose Properties, Inc. Real Estate	Held	24	0	$672	−6.1%	0.00%
GRMN	Garmin Ltd Technology	Held	3	0	$696	+14.5%	0.00%
ROP	Roper Technologies Inc Technology	Held	2	0	$707	−20.6%	0.00%
CFG	Citizens Financial Group Inc/Ri Financial Services	Held	12	0	$719	+2.7%	0.00%
BKR	Baker Hughes Co Energy	Held	12	0	$732	+34.1%	0.00%
MET	Metlife Inc Financial Services	Held	11	0	$777	−10.5%	0.00%
JCI	Johnson Controls International plc Industrials	Held	6	0	$785	+9.3%	0.00%
RF	Regions Financial Corp Financial Services	Held	31	0	$809	−3.7%	0.00%
PFG	Principal Financial Group Inc Financial Services	Held	9	0	$810	+2.1%	0.00%
RCL	Royal Caribbean Cruises Ltd Consumer Cyclical	Held	3	0	$825	−1.3%	0.00%
CDNS	Cadence Design Systems Inc Technology	Held	3	0	$833	−11.1%	0.00%
CEG	Constellation Energy Corp Utilities	Held	3	0	$837	−21.0%	0.00%
GS	Goldman Sachs Group Inc Financial Services	Held	1	0	$845	−3.9%	0.00%
GE	General Electric Co Industrials	Held	3	0	$851	−7.9%	0.00%
NSC	Norfolk Southern Corp Industrials	Held	3	0	$861	−0.6%	0.00%
MCK	Mckesson Corp Healthcare	Held	1	0	$865	+5.5%	0.00%
EOG	Eog Resources Inc Energy	Held	6	0	$867	+37.6%	0.00%
MCO	Moodys Corp /De/ Financial Services	Held	2	0	$872	−14.6%	0.00%
NRG	Nrg Energy, Inc. Utilities	Held	6	0	$876	−8.3%	0.00%
BSX	Boston Scientific Corp Healthcare	Reduced	14	-856	$878	−98.9%	0.00%
EW	Edwards Lifesciences Corp Healthcare	Held	11	0	$880	−6.1%	0.00%
AMP	Ameriprise Financial Inc Financial Services	Held	2	0	$888	−9.4%	0.00%
PH	Parker-Hannifin Corp Industrials	Held	1	0	$895	+1.9%	0.00%