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Institutional Investment Manager
ARCADIA INVESTMENT MANAGEMENT CORP/MI
ARCADIA INVESTMENT MANAGEMENT CORP/MI (CIK: 0001016972) incorporated in Michigan, located at 161 East Michigan Avenue, Kalamazoo, MI. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 288 holdings with a total value of $327,306,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 VANGUARD INTL EQUITY INDEX F 9,224 302,000 0.09%
102 ISHARES RUSSELL 2000 GROWTH ETF 1,975 275,000 0.08%
103 FISERV INC 2,900 265,000 0.08%
104 SPDR S&P MIDCAP 400 ETF TR 977 248,000 0.08%
105 WISDOMTREE TR 11,230 246,000 0.08%
106 ISHARES TR 2,218 221,000 0.07%
107 CINTAS 2,400 219,000 0.07%
108 HANESBRANDS INC 7,216 212,000 0.06%
109 VANGUARD INTL EQUITY INDEX F 4,698 204,000 0.06%
110 BRISTOL MYERS SQUIBB CO 2,950 203,000 0.06%
111 GRAINGER W W INC 1,000 203,000 0.06%
112 VERIZON COMMUNICATIONS INC 4,253 197,000 0.06%
113 ISHARES TR 2,531 190,000 0.06%
114 AT&T INC 5,506 189,000 0.06%
115 GENTEX CORP 11,600 186,000 0.06%
116 BLACKROCK MUNIY MICHIGAN 12,651 177,000 0.05% PRN
117 S&P GLOBAL INC 1,680 166,000 0.05%
118 PROCTER AND GAMBLE CO 2,092 166,000 0.05%
119 CLOROX CO DEL 1,239 157,000 0.05%
120 COCA COLA CO 3,557 153,000 0.05%
121 INTEL CORP 4,400 152,000 0.05%
122 CDK GLOBAL INC 3,017 143,000 0.04%
123 UNITED PARCEL SERVICE INC 1,463 141,000 0.04%
124 AFLAC INC 2,300 138,000 0.04%
125 GOLDMAN SACHS GROUP INC 730 132,000 0.04%
126 WAL-MART STORES INC 2,035 125,000 0.04%
127 AMERICAN WTR WKS CO INC NEW 2,000 120,000 0.04%
128 VISA INC 1,550 120,000 0.04%
129 AQUA AMERICA INC 3,950 118,000 0.04%
130 CONOCOPHILLIPS 2,241 105,000 0.03%
131 BP PLC 3,300 103,000 0.03%
132 WEC ENERGY GROUP INC 2,000 103,000 0.03%
133 CME GROUP INC 1,125 102,000 0.03%
134 BERKSHIRE HATHAWAY INC DEL 728 96,000 0.03%
135 COLGATE PALMOLIVE CO 1,400 93,000 0.03%
136 PHILLIPS 66 1,134 93,000 0.03%
137 ALTRIA GROUP INC 1,570 91,000 0.03%
138 EMERSON ELEC CO 1,857 89,000 0.03%
139 HERSHEY CO 1,000 89,000 0.03%
140 TARGET CORP 1,200 87,000 0.03%
141 EURONET WORLDWIDE INC 1,200 87,000 0.03%
142 BROADRIDGE FINL SOLUTIONS IN 1,600 86,000 0.03%
143 PHILIP MORRIS INTL INC 956 84,000 0.03%
144 CVS HEALTH CORP 855 84,000 0.03%
145 DOW CHEM CO 1,600 82,000 0.03%
146 MEDTRONIC PLC 1,000 77,000 0.02%
147 SYSCO CORP 1,831 75,000 0.02%
148 PRUDENTIAL FINL INC 907 74,000 0.02%
149 INTERNATIONAL FLAVORS&FRAGRA 600 72,000 0.02%
150 PAYCHEX INC 1,344 71,000 0.02%
Page 3 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001016972-16-000005, filed 2016.01.26).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.