Greenleaf Trust Portfolio holdings
Greenleaf Trust is a privately held, trust-only bank that manages wealth and administers trusts for families. Bill Johnston started it in 1998 after national banks had swallowed up many regional and community banks, wanting a locally owned firm with fiduciary expertise that would serve families across generations. Johnston had already launched a sister firm, Greenleaf Asset Management, in 1991, and the two merged in 2002. The bank builds portfolios around what matters most to each client, whether personal, family-focused or charitable, and avoids selling its own proprietary products. It opened a separate bank, Greenleaf Trust Delaware, in 2018.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$38.3M |
| 2 |
TSMC
TSM
|
+$4.22M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$3.55M |
| 4 |
State Street SPDR ICE Preferred Securities ETF
PSK
|
+$1.2M |
| 5 |
Capital One
COF
|
+$1.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stryker
SYK
|
+$160M |
| 2 |
Visa
V
|
+$116M |
| 3 |
NVIDIA
NVDA
|
+$17M |
| 4 |
American Tower
AMT
|
+$12.6M |
| 5 |
Apple
AAPL
|
+$11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 59.89% |
| 2 | Miscellaneous | 21.72% |
| 3 | Technology | 6.36% |
| 4 | Financials | 3.73% |
| 5 | Communication Services | 2.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Stryker
SYK
$121B
| $6.6B | 58.38% |
16,689,224
-427,578
| -2% | -$160M |
2013 Q2
48 quarters
|
|
|
2
iShares Core S&P 500 ETF
IVV
$881B
| $1.27B | 11.26% |
2,051,529
+66,670
| +3% | +$38.3M |
2013 Q2
48 quarters
|
|
3
iShares Core MSCI EAFE ETF
IEFA
$193B
| $230M | 2.03% |
2,756,693
-14,816
| -0.5% | -$1.18M |
2017 Q1
33 quarters
|
|
4
Microsoft
MSFT
$3.87T
| $157M | 1.39% |
315,973
-13,243
| -4% | -$5.75M |
2013 Q2
48 quarters
|
|
5
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $141M | 1.25% |
2,277,767
+4,968
| +0.2% | +$292K |
2013 Q2
48 quarters
|
|
|
6
Apple
AAPL
$5.17T
| $138M | 1.22% |
673,239
-54,341
| -7% | -$11M |
2013 Q2
48 quarters
|
|
|
7
NVIDIA
NVDA
$4.2T
| $110M | 0.98% |
699,201
-134,923
| -16% | -$17M |
2017 Q1
33 quarters
|
|
8
Amazon
AMZN
$2.88T
| $106M | 0.94% |
484,905
-24,183
| -5% | -$4.79M |
2016 Q3
35 quarters
|
|
|
9
Visa
V
$794B
| $82.2M | 0.73% |
231,575
-331,640
| -59% | -$116M |
2013 Q2
48 quarters
|
|
10
iShares Core S&P Small-Cap ETF
IJR
$107B
| $82M | 0.72% |
749,930
-17,825
| -2% | -$1.84M |
2013 Q2
48 quarters
|
|
11
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| $81.4M | 0.72% |
1,687,308
-124,848
| -7% | -$5.61M |
2015 Q3
39 quarters
|
|
12
Meta Platforms (Facebook)
META
$1.61T
| $80.5M | 0.71% |
109,107
-3,508
| -3% | -$2.17M |
2016 Q3
35 quarters
|
|
13
Alphabet (Google) Class C
GOOG
$3.57T
| $66.6M | 0.59% |
375,174
-30,927
| -8% | -$5.11M |
2013 Q2
48 quarters
|
|
14
Berkshire Hathaway Class B
BRK.B
$1.25T
| $65.9M | 0.58% |
135,747
-3,831
| -3% | -$1.95M |
2013 Q2
48 quarters
|
|
15
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $64.5M | 0.57% |
104,448
-1,957
| -2% | -$1.12M |
2013 Q2
48 quarters
|
|
16
iShares Core MSCI Emerging Markets ETF
IEMG
$148B
| $55.6M | 0.49% |
925,577
-17,445
| -2% | -$973K |
2021 Q1
17 quarters
|
|
17
Alphabet (Google) Class A
GOOGL
$3.61T
| $51.5M | 0.46% |
292,255
-14,286
| -5% | -$2.34M |
2015 Q4
38 quarters
|
|
|
18
Vanguard S&P 500 ETF
VOO
$1.05T
| $45.5M | 0.4% |
80,017
+6,761
| +9% | +$3.55M |
2020 Q2
20 quarters
|
|
19
iShares MSCI EAFE ETF
EFA
$77.7B
| $40.8M | 0.36% |
456,596
-8,255
| -2% | -$705K |
2013 Q2
48 quarters
|
|
20
iShares Convertible Bond ETF
ICVT
$7.09B
| $40.1M | 0.35% |
445,280
+2,151
| +0.5% | +$184K |
2023 Q4
6 quarters
|
|
21
S&P Global
SPGI
$138B
| $39M | 0.34% |
73,913
+60
| +0.1% | +$29.9K |
2017 Q3
31 quarters
|
|
22
iShares S&P 500 Growth ETF
IVW
$74.2B
| $37.6M | 0.33% |
341,181
+2,238
| +0.7% | +$222K |
2013 Q2
48 quarters
|
|
23
iShares Preferred and Income Securities ETF
PFF
$11.6B
| $34.2M | 0.3% |
1,115,156
-22,245
| -2% | -$670K |
2023 Q4
6 quarters
|
|
24
JPMorgan Chase
JPM
$912B
| $33.4M | 0.3% |
115,294
-19,280
| -14% | -$4.92M |
2014 Q2
44 quarters
|
|
25
iShares S&P 500 Value ETF
IVE
$51.7B
| $31.4M | 0.28% |
160,499
+3,462
| +2% | +$645K |
2013 Q2
48 quarters
|
|
Similar funds
Greenleaf Trust's Q2 2025 Portfolio in Review
As of Q2 2025, Greenleaf Trust held 853 positions worth $11.3B, up 3.1% from $11B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Greenleaf Trust withdrew a net $453M in Q2 2025, closing 56 positions and reducing 535 holdings. Its most notable exit was Schwab US REIT ETF, an estimated $1.23M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 60% of assets, down from 60% a quarter earlier, followed by Miscellaneous and Technology.
Against the trend, Greenleaf Trust opened a new position in State Street SPDR ICE Preferred Securities ETF worth $1.21M.
- Greenleaf Trust's largest Q2 2025 buy was State Street SPDR ICE Preferred Securities ETF: 37,951 shares worth $1.21M.
- Greenleaf Trust added most to iShares Core S&P 500 ETF in Q2 2025, an estimated $38.3M increase.
- Greenleaf Trust's biggest Q2 2025 reduction was Stryker, cutting an estimated $160M.
- Greenleaf Trust fully exited Schwab US REIT ETF in Q2 2025, selling an estimated $1.23M.
- Greenleaf Trust's ten largest holdings make up 79% of its $11.3B portfolio in Q2 2025.
- Greenleaf Trust opened 56 new positions and closed 56 in Q2 2025.
- Greenleaf Trust's portfolio value rose 3.1% quarter-over-quarter to $11.3B.
Based on Greenleaf Trust's 13F filing for Q2 2025, filed 17 Jul 2025.