GREENLEAF TRUST

CIK

1162170

Location

KALAMAZOO, MI

Portfolio Value

Mid $7,325,200,015

Diversification

Highly concentrated

Filing Date

Global Rank

#504 / 8,603 ▼ 8 · as of Mar 2026

Top Industry

Medical Devices 72.0%

3Y Alpha vs SPY

-12.8%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+25.6%

SPY

+76.0%

Annualised alpha

-12.8%

Max drawdown

−19.3%

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

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

Top Position

71.5%

−1.0 pts

Top 5

77.9%

−1.2 pts

Top 10

82.2%

−1.2 pts

HHI

5,128

Highly concentrated−138

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	73.7%	$5,400,260,965	68
Technology	9.0%	$661,624,429	118
Financial Services	5.0%	$362,750,604	125
Consumer Cyclical	2.8%	$208,567,945	71
Industrials	2.8%	$203,856,534	107
Communication Services	2.4%	$176,080,532	20
Consumer Defensive	1.6%	$114,136,731	38
Energy	0.6%	$45,416,830	46
Basic Materials	0.5%	$40,126,313	37
Real Estate	0.5%	$39,454,228	27
Utilities	0.5%	$38,662,855	35
Unclassified	0.5%	$34,262,049	7

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
CPRT	Copart Inc	+202,362	218,297	$7,247,460
FMC	Fmc Corp	+18,822	40,073	$690,056
FITB	Fifth Third Bancorp	+14,506	75,397	$3,502,943
INTC	Intel Corp	+13,377	80,376	$3,546,992
PFE	Pfizer Inc	+12,470	241,278	$6,775,086
HBAN	Huntington Bancshares Inc /Md/	+11,401	438,745	$6,866,358
CMCSA	Comcast Corp	+10,844	75,950	$2,180,523
BAC	Bank Of America Corp /De/	+9,763	153,166	$7,466,842
PCG	PG&E Corp	+7,173	20,564	$361,309
KO	Coca Cola Co	+6,751	97,070	$7,382,172
CP	Canadian Pacific Kansas City Ltd/Cn	+6,512	349,308	$27,476,566
CSCO	Cisco Systems, Inc.	+6,284	127,606	$9,900,948
PANW	Palo Alto Networks Inc	+5,666	16,623	$2,664,999
RTX	RTX Corp	+5,412	44,358	$8,556,658
WBD	Warner Bros. Discovery, Inc.	+5,263	33,127	$909,667
DD	DuPont de Nemours, Inc.	+5,137	20,125	$2,765,174
VZ	Verizon Communications Inc	+4,844	76,188	$3,824,637
AFL	Aflac Inc	+4,778	21,204	$2,326,290
NEE	Nextera Energy Inc	+4,601	99,546	$9,245,832
CRM	Salesforce, Inc.	+4,577	103,183	$19,261,170
WY	Weyerhaeuser Co	+4,375	13,108	$320,228
SO	Southern Co	+4,287	28,082	$2,710,474
O	Realty Income Corp	+3,812	15,480	$947,065
EMR	Emerson Electric Co	+3,798	24,413	$3,198,591
T	At&T Inc.	+3,514	146,320	$4,241,816
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SYK	Stryker Corp	−626,139	15,938,070	$5,237,090,421
PYPL	PayPal Holdings, Inc.	−178,501	20,957	$947,885
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	−71,005	11,883	$257,385
WIT	Wipro Ltd	−60,758	40,396	$85,639
TME	Tencent Music Entertainment Group	−51,200	10,220	$94,841
TJX	Tjx Companies Inc /De/	−42,618	97,047	$15,498,405
SMFG	Sumitomo Mitsui Financial Group, Inc.	−33,341	136,337	$2,692,655
SONY	Sony Group Corp	−23,194	54,371	$1,125,479
MUFG	Mitsubishi Ufj Financial Group Inc	−22,145	98,822	$1,677,009
IBN	Icici Bank Ltd	−18,252	22,048	$571,042
UBS	UBS Group AG	−17,685	31,046	$1,212,967
B	Barrick Mining Corp	−10,434	15,328	$625,228
UMC	United Microelectronics Corp	−9,038	142,996	$1,284,104
ETY	Eaton Vance Tax-Managed Diversified Equity Income Fund	−8,934	27,458	$378,645
NVDA	Nvidia Corp	−7,788	565,981	$98,707,086
MU	Micron Technology Inc	−7,563	22,744	$7,683,832
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−7,280	115,991	$39,199,157
WMT	Walmart Inc.	−7,037	125,749	$15,628,085
CNO	CNO Financial Group, Inc.	−6,856	8,673	$356,113
AIG	American International Group, Inc.	−6,113	16,619	$1,250,579
CSX	Csx Corp	−5,114	68,760	$2,822,597
DG	Dollar General Corp	−5,007	101,709	$12,075,909
MOS	Mosaic Co	−4,270	9,611	$245,080
VRSK	Verisk Analytics, Inc.	−4,265	7,796	$1,479,290
HRL	Hormel Foods Corp /De/	−4,029	14,227	$322,241
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
VRT	Vertiv Holdings Co	1,805	$452,296
LYB	LyondellBasell Industries N.V.	5,372	$432,768
CVE	Cenovus Energy Inc.	13,453	$356,908
INGR	Ingredion Inc	2,831	$318,939
TPL	Texas Pacific Land Corp	651	$308,938
TRMB	Trimble Inc.	4,736	$308,929
DT	Dynatrace, Inc.	8,203	$303,346
USFD	US Foods Holding Corp.	3,140	$289,538
MRNA	Moderna, Inc.	5,676	$288,340
DVA	Davita Inc.	1,755	$269,725
SEIC	Sei Investments Co	3,422	$268,524
PKX	Posco Holdings Inc.	4,451	$260,338
FSLY	Fastly, Inc.	8,921	$259,244
MBWM	Mercantile Bank Corp	5,012	$253,105
AKAM	Akamai Technologies Inc	2,194	$251,980
FORM	Formfactor Inc	2,573	$249,555
TROW	Price T Rowe Group Inc	2,704	$243,738
CAE	Cae Inc	9,355	$243,697
EQNR	Equinor ASA	5,637	$237,881
CE	Celanese Corp	3,538	$232,693
EXR	Extra Space Storage Inc.	1,765	$231,444
CWEN	Clearway Energy, Inc.	5,859	$230,200
DDOG	Datadog, Inc.	1,927	$227,482
PBF	PBF Energy Inc.	4,700	$223,814
HEI	Heico Corp	810	$222,102
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ALNY	Alnylam Pharmaceuticals, Inc.	2,733	$1,086,777
HNI	Hni Corp	23,462	$986,341
TRI	Thomson Reuters Corp /Can/	7,327	$966,358
AER	AerCap Holdings N.V.	6,570	$944,502
GFI	Gold Fields Ltd	19,250	$840,454
ZBRA	Zebra Technologies Corp	2,254	$547,316
IDCC	InterDigital, Inc.	1,550	$493,488
MKC	Mccormick & Co Inc	5,785	$394,016
SMCI	Super Micro Computer, Inc.	13,400	$392,218
FDS	Factset Research Systems Inc	1,134	$329,074
CAG	Conagra Brands Inc.	18,888	$326,951
TKO	TKO Group Holdings, Inc.	1,524	$318,516
EQR	Equity Residential	4,989	$314,506
FSV	FirstService Corp	1,941	$301,883
IMO	Imperial Oil Ltd	3,463	$298,891
MOH	Molina Healthcare, Inc.	1,684	$292,241
MAA	Mid America Apartment Communities Inc.	2,103	$292,127
MORN	Morningstar, Inc.	1,340	$291,195
BXP	BXP, Inc.	4,211	$284,158
NTES	NetEase, Inc.	2,000	$275,240
SPOT	Spotify Technology S.A.	455	$264,222
G	Genpact LTD	5,577	$260,892
RDDT	Reddit, Inc.	1,105	$254,005
CRDO	Credo Technology Group Holding Ltd	1,760	$253,246
CCI	Crown Castle Inc.	2,739	$243,414
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

699 positions · $7,325,200,015 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 1–50 of 699 positions by value · page 1 of 14

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SYK	Stryker Corp Healthcare	Reduced	15,938,070	-17,427,793	$5,237,090,421	−55.3%	71.49%
AAPL	Apple Inc. Technology	Reduced	638,089	-2,195	$161,940,606	−7.0%	2.21%
MSFT	Microsoft Corp Technology	Added	291,815	+204	$108,021,158	−23.4%	1.47%
NVDA	Nvidia Corp Technology	Reduced	565,981	-7,788	$98,707,086	−7.8%	1.35%
AMZN	Amazon Com Inc Consumer Cyclical	Added	466,046	+2,573	$97,063,399	−9.3%	1.33%
GOOGL	Alphabet Inc. Communication Services	Reduced	289,367	-1,933	$83,210,374	−8.7%	1.14%
V	Visa Inc. Financial Services	Added	234,965	+1,770	$71,015,821	−13.2%	0.97%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	140,431	+2,085	$67,294,534	−3.2%	0.92%
META	Meta Platforms, Inc. Communication Services	Reduced	107,213	-853	$61,339,773	−14.0%	0.84%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	115,991	-7,280	$39,199,157	+4.6%	0.54%
AVGO	Broadcom Inc. Technology	Added	113,610	+1,700	$35,163,430	−9.2%	0.48%
SPGI	S&P Global Inc. Financial Services	Added	75,579	+1,026	$30,413,215	−17.5%	0.42%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	349,308	+6,512	$27,476,566	+8.9%	0.38%
SPY	Spdr S&P 500 ETF Trust	Added	42,016	+590	$27,324,685	−3.3%	0.37%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	90,465	-3,661	$26,611,183	−12.3%	0.36%
HON	Honeywell International Inc Industrials	Added	110,361	+1,905	$26,161,405	+17.9%	0.36%
JNJ	Johnson & Johnson Healthcare	Added	85,086	+2,036	$20,798,421	+21.0%	0.28%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	52,841	-776	$19,643,641	−18.5%	0.27%
CRM	Salesforce, Inc. Technology	Added	103,183	+4,577	$19,261,170	−26.3%	0.26%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	110,518	-3,031	$19,073,195	−4.3%	0.26%
LLY	ELI LILLY & Co Healthcare	Reduced	20,522	-193	$18,875,519	−15.2%	0.26%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	297,274	-978	$17,134,872	+6.7%	0.23%
DHR	Danaher Corp /De/ Healthcare	Added	82,985	+402	$15,733,955	−16.8%	0.21%
WMT	Walmart Inc. Consumer Defensive	Reduced	125,749	-7,037	$15,628,085	+5.6%	0.21%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	97,047	-42,618	$15,498,405	−27.8%	0.21%
HD	Home Depot, Inc. Consumer Cyclical	Added	44,275	+3,004	$14,561,604	+2.5%	0.20%
ROP	Roper Technologies Inc Technology	Added	39,681	+2,047	$14,041,518	−16.2%	0.19%
MA	Mastercard Inc Financial Services	Reduced	27,589	-1,005	$13,785,119	−15.6%	0.19%
ABBV	AbbVie Inc. Healthcare	Reduced	59,738	-931	$12,992,417	−6.3%	0.18%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	12,280	+78	$12,236,160	+16.3%	0.17%
DG	Dollar General Corp Consumer Defensive	Reduced	101,709	-5,007	$12,075,909	−14.8%	0.16%
CAT	Caterpillar Inc Industrials	Added	15,961	+675	$11,307,730	+29.1%	0.15%
ADBE	Adobe Inc. Technology	Reduced	45,842	-135	$11,143,273	−30.8%	0.15%
LRCX	Lam Research Corp Technology	Reduced	51,474	-507	$10,997,934	+23.6%	0.15%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	69,049	+754	$9,973,437	+1.9%	0.14%
CSCO	Cisco Systems, Inc. Technology	Added	127,606	+6,284	$9,900,948	+5.9%	0.14%
PEP	Pepsico Inc Consumer Defensive	Reduced	63,158	-1,128	$9,807,805	+6.3%	0.13%
MRK	Merck & Co., Inc. Healthcare	Added	78,684	+1,326	$9,464,897	+16.2%	0.13%
NEE	Nextera Energy Inc Utilities	Added	99,546	+4,601	$9,245,832	+21.3%	0.13%
AMAT	Applied Materials Inc /De Technology	Added	26,918	+110	$9,200,302	+33.5%	0.13%
ORCL	Oracle Corp Technology	Added	58,261	+799	$8,570,775	−23.5%	0.12%
RTX	RTX Corp Industrials	Added	44,358	+5,412	$8,556,658	+19.8%	0.12%
NFLX	Netflix Inc Communication Services	Added	86,492	+765	$8,316,205	+3.5%	0.11%
MU	Micron Technology Inc Technology	Reduced	22,744	-7,563	$7,683,832	−11.2%	0.10%
BAC	Bank Of America Corp /De/ Financial Services	Added	153,166	+9,763	$7,466,842	−5.3%	0.10%
KO	Coca Cola Co Consumer Defensive	Added	97,070	+6,751	$7,382,172	+16.9%	0.10%
CPRT	Copart Inc Industrials	Added	218,297	+202,362	$7,247,460	+1061.7%	0.10%
AMD	Advanced Micro Devices Inc Technology	Added	35,299	+757	$7,180,875	−2.9%	0.10%
GS	Goldman Sachs Group Inc Financial Services	Reduced	8,295	-1,779	$7,017,486	−20.8%	0.10%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	Added	438,745	+11,401	$6,866,358	−7.4%	0.09%