GREENLEAF TRUST

Other Low signal healthcare specialist (72%) CIK 1162170
League rank
#1655
in Other · #6891 overall
Long book
$10.18B
Q1 2026
Positions
804
Top-10 weight
74%
concentration
Last quarter
+6.2%
SPY +14.8%
Turnover
12%
of book per quarter

Strategy in plain words

auto-generated from filings

GREENLEAF TRUST is an institutional manager, specialised in healthcare (72% of the long book), running a $10.18B US long book across 804 positions.

The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: STRYKER CORP, ISHARES CORE S&P 500 ETF, STE STR SPDR PT S&P 500 ETF, ISHARES CORE MSCI EAFE ETF, APPLE INC.

Over the last 9 quarters its long book ran on average 3.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.7%
Q2 2024
+6.2%
Q3 2024
+0.2%
Q4 2024
+0.9%
Q1 2025
+7.8%
Q2 2025
-0.7%
Q3 2025
-1.3%
Q4 2025
-4.9%
Q1 2026
+6.2%

Sector allocation

Healthcare
73%
Technology
12%
Financials
3%
Consumer discretionary
3%
Industrials
3%
Services media
2%
Other
1%
Consumer staples
1%

Long book by quarter

$10.76B
Q1 2024
$10.54B
Q2 2024
$11.24B
Q3 2024
$10.99B
Q4 2024
$10.97B
Q1 2025
$11.31B
Q2 2025
$11.00B
Q3 2025
$10.91B
Q4 2025
$10.18B
Q1 2026

What does GREENLEAF TRUST own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SYK STRYKER CORPHealthcare15.9M$5.24B51.5%-3.8%
AAPL APPLE INCTechnology638.1K$161.9M1.6%-0.3%
MSFT MICROSOFT CORPTechnology291.8K$108.0M1.1%+0.1%
NVDA NVIDIA CORPTechnology566.0K$98.7M1.0%-1.4%
AMZN AMAZON.COM INCConsumer discretionary466.0K$97.1M1.0%+0.6%
GOOG ALPHABET INC-CL CTechnology310.8K$89.1M0.9%-3.2%
GOOGL ALPHABET INC-CL ATechnology289.4K$83.2M0.8%-0.7%
V VISA INC-CLASS A SHARESServices media235.0K$71.0M0.7%+0.8%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials140.4K$67.3M0.7%+1.5%
META META PLATFORMS INC-CLASS ATechnology107.2K$61.3M0.6%-0.8%
AVGO BROADCOM INCTechnology113.6K$35.2M0.3%+1.5%
SPGI S&P GLOBAL INCServices media75.6K$32.1M0.3%+1.4%
CP CANADIAN PACIFIC KANSAS CITYIndustrials349.3K$27.5M0.3%+1.9%
JPM JPMORGAN CHASE & COFinancials90.5K$26.6M0.3%-3.9%
HON HONEYWELL INTERNATIONAL INCIndustrials110.4K$24.9M0.2%+1.8%
JNJ JOHNSON & JOHNSONHealthcare85.1K$20.8M0.2%+2.5%
TSLA TESLA INCIndustrials52.8K$19.6M0.2%-1.4%
CRM SALESFORCE INCTechnology103.2K$19.3M0.2%+4.6%
LLY ELI LILLY & COHealthcare20.5K$18.9M0.2%-0.9%
XOM EXXON MOBIL CORPEnergy109.1K$18.5M0.2%+9.0%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples297.3K$17.1M0.2%-0.3%
DHR DANAHER CORPTechnology83.0K$15.7M0.2%+0.5%
WMT WALMART INCConsumer discretionary125.7K$15.6M0.2%-5.3%
TJX TJX COMPANIES INCConsumer discretionary97.0K$15.5M0.2%-30.5%
HD HOME DEPOT INCConsumer discretionary44.3K$14.6M0.1%+7.3%
ROP ROPER TECHNOLOGIES INCTechnology39.7K$14.0M0.1%+5.4%
MA MASTERCARD INC - AServices media27.6K$13.8M0.1%-3.5%
ABBV ABBVIE INCHealthcare59.7K$13.0M0.1%-1.5%
BKNG BOOKING HOLDINGS INCIndustrials2.9K$12.2M0.1%-0.2%
COST COSTCO WHOLESALE CORPConsumer discretionary12.3K$12.2M0.1%+0.6%
DG DOLLAR GENERAL CORPConsumer discretionary101.7K$12.1M0.1%-4.7%
CAT CATERPILLAR INCIndustrials16.0K$11.3M0.1%+4.4%
ADBE ADOBE INCTechnology45.8K$11.1M0.1%-0.3%
LRCX LAM RESEARCH CORPIndustrials51.5K$11.0M0.1%-1.0%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials14$10.1M0.1%Held
PG PROCTER & GAMBLE CO/THEOther69.0K$10.0M0.1%+1.1%
CSCO CISCO SYSTEMS INCTechnology127.6K$9.9M0.1%+5.2%
PEP PEPSICO INCConsumer staples63.2K$9.8M0.1%-1.8%
MRK MERCK & CO. INC.Healthcare78.7K$9.5M0.1%+1.7%
NEE NEXTERA ENERGY INCUtilities99.5K$9.2M0.1%+4.8%
AMAT APPLIED MATERIALS INCTechnology26.9K$9.2M0.1%+0.4%
ORCL ORACLE CORPTechnology58.3K$8.6M0.1%+1.4%
RTX RTX CORPIndustrials44.4K$8.6M0.1%+13.9%
NFLX NETFLIX INCServices media86.5K$8.3M0.1%+0.9%
MU MICRON TECHNOLOGY INCTechnology22.7K$7.7M0.1%-25.0%
BAC BANK OF AMERICA CORPFinancials153.2K$7.5M0.1%+6.8%
KO COCA-COLA CO/THEConsumer staples97.1K$7.4M0.1%+7.5%
CPRT COPART INCConsumer discretionary218.3K$7.2M0.1%+1269.9%
AMD ADVANCED MICRO DEVICESTechnology35.3K$7.2M0.1%+2.2%
GS GOLDMAN SACHS GROUP INCFinancials8.3K$7.0M0.1%-17.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 27, 20261325$10.18B canonicalSEC ↗
Q4 202513F-HRJan 21, 20261365$10.91B canonicalSEC ↗
Q3 202513F-HROct 22, 20251325$11.00B canonicalSEC ↗
Q2 202513F-HRJul 17, 20251297$11.31B canonicalSEC ↗
Q1 202513F-HRApr 30, 20251281$10.97B canonicalSEC ↗
Q4 202413F-HRJan 24, 2025806$10.99B canonicalSEC ↗
Q3 202413F-HROct 22, 2024832$11.24B canonicalSEC ↗
Q2 202413F-HRJul 22, 2024792$10.54B canonicalSEC ↗
Q1 202413F-HRApr 29, 2024776$10.76B canonicalSEC ↗