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GREENLEAF TRUST

211 SOUTH ROSE STREET, KALAMAZOO, MI 49007 • 2693889800

Q3 2025 · Filed 2025-10-22
Market Value
$11.0B
-2.8%
Holdings
832
-8
New Purchases
47
Added To
285
Closed
42
Reduced
414
Top 10 Concentration
78.4%
Turnover
10.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 12.41% 11.29% +1.11% $1.4B
AAPL 1.51% 1.22% +0.28% $165M
SPLG 0.31% 0.03% +0.28% $34M
GOOGL 0.64% 0.46% +0.19% $71M
VCLT 0.17% 0.00% +0.17% $18M
GOOG 0.75% 0.59% +0.16% $82M
IEFA 2.17% 2.04% +0.13% $238M
IJH 1.35% 1.25% +0.09% $148M
IJR 0.80% 0.73% +0.07% $88M
TSM 0.32% 0.25% +0.07% $35M
AVGO 0.34% 0.27% +0.06% $37M
TSLA 0.21% 0.15% +0.06% $23M
BRK-B 0.64% 0.58% +0.06% $70M
IEMG 0.55% 0.49% +0.06% $60M
ICVT 0.41% 0.36% +0.05% $45M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SYK 56.10% 58.54% -2.44% $6.2B
SPY 0.26% 0.57% -0.31% $29M
VEU 0.07% 0.17% -0.10% $8M
VTI 0.07% 0.17% -0.09% $8M
ISRG 0.05% 0.10% -0.05% $5M
DE 0.04% 0.08% -0.04% $4M
KO 0.06% 0.10% -0.04% $6M
COST 0.11% 0.14% -0.03% $12M
ADP 0.04% 0.08% -0.03% $5M
PLTR 0.06% 0.10% -0.03% $7M
PG 0.10% 0.13% -0.03% $11M
HON 0.21% 0.24% -0.03% $23M
RTX 0.06% 0.09% -0.03% $7M
IWR 0.04% 0.07% -0.03% $4M
LLY 0.14% 0.17% -0.03% $15M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Healthcare 53.2%
Financial Services 30.8%
Technology 6.4%
Communication Services 2.6%
Consumer Cyclical 2.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 74 $2.8B 25.9%
Large Cap 619 $8.0B 72.5%
Mid Cap 116 $160M 1.5%
Small Cap 19 $12M 0.1%
Micro Cap 4 $2M 0.0%

Portfolio Analytics

Avg Market Cap
$113.4B
Median Market Cap
$32.7B
Avg P/E
32.5
Median P/E
22.7
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
710
# ETFs / Funds
122

Top Holdings (832 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SYK 56.10% 16,643,488 $6.2B $369.67 -$450M -45,736 -0.3%
2 IVV 12.41% 2,033,275 $1.4B $669.30 $87M -18,254 -0.9%
3 IEFA 2.17% 2,726,823 $238M $87.31 $8M -29,870 -1.1%
4 AAPL 1.51% 649,004 $165M $254.63 $27M -24,235 -3.6%
5 MSFT 1.38% 292,811 $152M $517.95 -$6M -23,162 -7.3%
6 IJH 1.35% 2,260,853 $148M $65.26 $6M -16,914 -0.7%
7 NVDA 0.99% 582,284 $109M $186.58 -$2M -116,917 -16.7%
8 AMZN 0.93% 465,242 $102M $219.57 -$4M -19,663 -4.1%
9 IJR 0.80% 739,683 $88M $118.83 $6M -10,247 -1.4%
10 EEM 0.77% 1,571,407 $84M $53.40 $3M -115,901 -6.9%
11 GOOG 0.75% 338,317 $82M $243.55 $16M -36,857 -9.8%
12 V 0.73% 233,133 $80M $341.38 -$3M +1,558 +0.7%
13 META 0.72% 108,190 $79M $734.38 -$1M -917 -0.8%
14 GOOGL 0.64% 290,367 $71M $243.10 $19M -1,888 -0.7%
15 BRK-B 0.64% 140,117 $70M $502.74 $5M +4,370 +3.2%
16 IEMG 0.55% 911,167 $60M $65.92 $5M -14,410 -1.6%
17 VOO 0.44% 78,625 $48M $612.38 $3M -1,392 -1.7%
18 ICVT 0.41% 447,550 $45M $100.05 $5M +2,270 +0.5%
19 IVW 0.37% 338,801 $41M $120.72 $3M -2,380 -0.7%
20 EFA 0.37% 434,706 $41M $93.37 -$227K -21,890 -4.8%
21 AVGO 0.34% 111,423 $37M $329.91 $6M +171 +0.1%
22 SPGI 0.33% 74,589 $36M $486.71 -$3M +676 +0.9%
23 PFF 0.33% 1,145,373 $36M $31.62 $2M +30,217 +2.7%
24 TSM 0.32% 124,369 $35M $279.29 $7M -63 -0.1%
25 SPLG 0.31% 431,379 $34M $78.34 $31M +389,992 +942.3%
26 IVE 0.30% 157,781 $33M $206.51 $1M -2,718 -1.7%
27 JPM 0.28% 96,483 $30M $315.43 -$3M -18,811 -16.3%
28 SPY 0.26% 43,449 $29M $666.18 -$36M -60,999 -58.4%
29 CRM 0.21% 98,122 $23M $237.00 -$3M +66 +0.1%
30 HON 0.21% 109,149 $23M $210.50 -$4M -6,757 -5.8%
31 TSLA 0.21% 51,347 $23M $444.72 $6M -588 -1.1%
32 AMT 0.21% 118,372 $23M $192.32 -$3M +1,085 +0.9%
33 GSY 0.20% 438,921 $22M $50.23 $3M +60,957 +16.1%
34 IEF 0.19% 219,845 $21M $96.46 $961K +8,451 +4.0%
35 TJX 0.18% 140,176 $20M $144.54 $3M -1,681 -1.2%
36 MDLZ 0.17% 305,078 $19M $62.47 -$2M -5,664 -1.8%
37 ROP 0.17% 37,233 $19M $498.69 -$2M +240 +0.7%
38 VCLT 0.17% 236,753 $18M $77.65 +236,753 NEW
39 EFV 0.16% 258,820 $18M $67.83 -$46K -18,459 -6.7%
40 HD 0.16% 43,073 $17M $405.19 $4M +5,978 +16.1%
41 ADBE 0.15% 48,008 $17M $352.75 -$1M +896 +1.9%
42 MA 0.15% 29,401 $17M $568.81 $546K +613 +2.1%
43 BKNG 0.15% 2,998 $16M $5,399.27 -$1M -52 -1.7%
44 ORCL 0.15% 57,005 $16M $281.24 $2M -5,854 -9.3%
45 ITOT 0.15% 109,460 $16M $145.65 $670K -3,637 -3.2%
46 GVI 0.14% 146,316 $16M $107.44 -$1M -12,574 -7.9%
47 DHR 0.14% 78,048 $15M $198.26 -$1M -6,624 -7.8%
48 LLY 0.14% 20,249 $15M $763.00 -$3M -3,841 -15.9%
49 JNJ 0.14% 83,318 $15M $185.42 $2M -5,677 -6.4%
50 ABBV 0.14% 64,701 $15M $231.54 -$2M -28,666 -30.7%
51 EFG 0.13% 125,225 $14M $113.88 -$819K -9,415 -7.0%
52 PYPL 0.13% 204,511 $14M $67.06 -$119K +18,383 +9.9%
53 WMT 0.12% 131,162 $14M $103.06 $709K +166 +0.1%
54 COST 0.11% 12,541 $12M $925.63 -$4M -3,441 -21.5%
55 RSP 0.10% 60,394 $11M $189.70 $481K
56 PG 0.10% 74,056 $11M $153.65 -$4M -20,860 -22.0%
57 DG 0.10% 109,017 $11M $103.35 -$277K +8,087 +8.0%
58 XOM 0.10% 95,569 $11M $112.75 -$275K -6,943 -6.8%
59 NFLX 0.10% 8,827 $11M $1,198.92 -$1M -143 -1.6%
60 BRK-A 0.10% 14 $11M $754,200.00 -$3M -4 -22.2%
61 SDY 0.09% 71,774 $10M $140.05 $242K -498 -0.7%
62 ABT 0.09% 74,944 $10M $133.94 -$2M -13,014 -14.8%
63 PEP 0.09% 66,673 $9M $140.44 -$779K -10,139 -13.2%
64 NKE 0.09% 133,978 $9M $69.73 $900K +15,139 +12.7%
65 CSCO 0.08% 123,057 $8M $68.42 -$1M -17,778 -12.6%
66 VTI 0.07% 24,919 $8M $328.17 -$11M -37,200 -59.9%
67 GS 0.07% 10,192 $8M $796.35 $863K -57 -0.6%
68 VEU 0.07% 109,757 $8M $71.37 -$11M -176,643 -61.7%
69 BAC 0.07% 144,176 $7M $51.59 $666K +1,068 +0.8%
70 IJK 0.07% 76,543 $7M $95.89 $330K -499 -0.7%
71 SUB 0.07% 67,582 $7M $106.78 -$755K -7,384 -9.8%
72 NEE 0.07% 95,315 $7M $75.49 -$761K -19,298 -16.8%
73 CAT 0.06% 14,916 $7M $477.15 $1M -718 -4.6%
74 ETN 0.06% 18,560 $7M $374.25 $2M +5,095 +37.8%
75 HBAN 0.06% 400,428 $7M $17.27 $187K -1,038 -0.3%
76 LRCX 0.06% 51,597 $7M $133.90 $2M +1,072 +2.1%
77 RTX 0.06% 41,173 $7M $167.33 -$3M -28,428 -40.8%
78 PLTR 0.06% 37,583 $7M $182.42 -$4M -41,531 -52.5%
79 APH 0.06% 54,778 $7M $123.75 $1M -2,112 -3.7%
80 IJJ 0.06% 51,304 $7M $129.72 $272K -347 -0.7%
81 MRK 0.06% 76,942 $6M $83.93 $341K -324 -0.4%
82 KO 0.06% 96,708 $6M $66.32 -$4M -55,388 -36.4%
83 GE 0.06% 21,037 $6M $300.82 $928K +54 +0.3%
84 UNH 0.06% 18,175 $6M $345.30 $789K +588 +3.3%
85 MCD 0.06% 20,507 $6M $303.89 -$1M -5,128 -20.0%
86 WFC 0.05% 71,377 $6M $83.82 $174K -1,129 -1.6%
87 PFE 0.05% 228,326 $6M $25.48 $368K +3,498 +1.6%
88 INTU 0.05% 8,454 $6M $682.91 -$940K -70 -0.8%
89 AMAT 0.05% 26,713 $5M $204.74 $131K -2,444 -8.4%
90 CVX 0.05% 34,916 $5M $155.29 -$441K -6,030 -14.7%
91 IBM 0.05% 19,213 $5M $282.16 -$467K -760 -3.8%
92 MCK 0.05% 7,012 $5M $772.54 $255K -32 -0.5%
93 AXP 0.05% 16,234 $5M $332.16 $64K -471 -2.8%
94 AMD 0.05% 33,230 $5M $161.79 $541K -843 -2.5%
95 PM 0.05% 33,098 $5M $162.20 -$1M -4,511 -12.0%
96 TMO 0.05% 10,995 $5M $485.02 $1M +617 +6.0%
97 TXN 0.05% 28,382 $5M $183.73 -$1M -3,764 -11.7%
98 QCOM 0.05% 31,323 $5M $166.36 $98K -779 -2.4%
99 ISRG 0.05% 11,494 $5M $447.23 -$6M -8,798 -43.4%
100 ACN 0.05% 20,514 $5M $246.60 -$2M -1,647 -7.4%

New Positions

SymbolValue% Port
VCLT $18M 0.17%
SPMD $3M 0.03%
SPSM $2M 0.02%
GPC $388K —%
KTOS $341K —%
CAG $327K —%
CLS $301K —%
RMBS $285K —%
CLX $276K —%
DB $273K —%
ARE $265K —%
ALLY $262K —%
COOP $262K —%
ALAB $259K —%
AVUS $246K —%

Sold Out Positions

SymbolValue% Port
ATR —%
GSBD —%
ZBH —%
BMO —%
KEY —%
STZ —%
KVUE —%
PAG —%
JHX —%
HRL —%
MPT —%
HDB —%
BMI —%
TPL —%
SSB —%
View SEC EDGAR Filings for GREENLEAF TRUST →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms