# EDGAR Filing Document

**Accession Number:** 0001703208
**File Stem:** 0001398344-23-002163
**Filing Date:** 2023-2
**Character Count:** 13070
**Document Hash:** 47497aa2d079e3249a5833014225ebd6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-002163.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001398344-23-002163

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arjuna Capital
- **CENTRAL INDEX KEY:** 0001703208
- **IRS NUMBER:** 475345511
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18311
- **FILM NUMBER:** 23589708

**BUSINESS ADDRESS:**
- **STREET 1:** 353 WEST MAIN STREET
- **CITY:** DURHAM
- **STATE:** NC
- **ZIP:** 27701
- **BUSINESS PHONE:** (978) 704-0114

**MAIL ADDRESS:**
- **STREET 1:** 353 WEST MAIN STREET
- **CITY:** DURHAM
- **STATE:** NC
- **ZIP:** 27701

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Arjuna Capital<br>**Address:** 353 WEST MAIN STREET<br>DURHAM, NC 27701

**Form 13F File Number:** 028-18311

**CRD Number (if applicable):** 000283713

**SEC File Number (if applicable):** 801-107908

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Adam Seitchik<br>**Title:** Chief Compliance Officer/Chief Investment Officer<br>**Phone:** 575-751-7008

**Signature, Place, and Date of Signing:**

/s/ Adam Seitchik  Durham, NC  02-06-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $216873271

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABB LTD | SPONSORED ADR | 000375204 |  | 816054 | 26791 | SH |  | SOLE |  | 26791 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 5325059 | 19956 | SH |  | SOLE |  | 19956 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1950864 | 5797 | SH |  | SOLE |  | 5797 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 275329 | 3103 | SH |  | SOLE |  | 3103 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11253295 | 127545 | SH |  | SOLE |  | 127545 | 0 | 0 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 |  | 3011743 | 130718 | SH |  | SOLE |  | 130718 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4829748 | 57497 | SH |  | SOLE |  | 57497 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 3760593 | 17750 | SH |  | SOLE |  | 17750 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 2589768 | 16991 | SH |  | SOLE |  | 16991 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 905464 | 2908 | SH |  | SOLE |  | 2908 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 5626011 | 21421 | SH |  | SOLE |  | 21421 | 0 | 0 |
| APOGEE ENTERPRISES INC | COM | 037598109 |  | 1647999 | 37067 | SH |  | SOLE |  | 37067 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 17899027 | 137759 | SH |  | SOLE |  | 137759 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 480960 | 4939 | SH |  | SOLE |  | 4939 | 0 | 0 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 430314 | 145869 | SH |  | SOLE |  | 145869 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 946934 | 28591 | SH |  | SOLE |  | 28591 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1864590 | 40962 | SH |  | SOLE |  | 40962 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1181732 | 4647 | SH |  | SOLE |  | 4647 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 315078 | 1020 | SH |  | SOLE |  | 1020 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 1463732 | 36366 | SH |  | SOLE |  | 36366 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 256082 | 458 | SH |  | SOLE |  | 458 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 657325 | 23868 | SH |  | SOLE |  | 23868 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 |  | 1591315 | 26242 | SH |  | SOLE |  | 26242 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 468863 | 3944 | SH |  | SOLE |  | 3944 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 980210 | 31722 | SH |  | SOLE |  | 31722 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 1157990 | 15064 | SH |  | SOLE |  | 15064 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 509774 | 6216 | SH |  | SOLE |  | 6216 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 471021 | 2135 | SH |  | SOLE |  | 2135 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1275990 | 26784 | SH |  | SOLE |  | 26784 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2340752 | 66936 | SH |  | SOLE |  | 66936 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4454527 | 9758 | SH |  | SOLE |  | 9758 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 4179478 | 44849 | SH |  | SOLE |  | 44849 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2570277 | 26757 | SH |  | SOLE |  | 26757 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 3159648 | 11925 | SH |  | SOLE |  | 11925 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 2747645 | 26440 | SH |  | SOLE |  | 26440 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 507604 | 15471 | SH |  | SOLE |  | 15471 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 3070419 | 36618 | SH |  | SOLE |  | 36618 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 1260838 | 46016 | SH |  | SOLE |  | 46016 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 3404806 | 6121 | SH |  | SOLE |  | 6121 | 0 | 0 |
| HAEMONETICS CORP MASS | COM | 405024100 |  | 2105696 | 26773 | SH |  | SOLE |  | 26773 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 1600620 | 21108 | SH |  | SOLE |  | 21108 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 1246260 | 16659 | SH |  | SOLE |  | 16659 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 6805520 | 21546 | SH |  | SOLE |  | 21546 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 419373 | 1787 | SH |  | SOLE |  | 1787 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1318733 | 5986 | SH |  | SOLE |  | 5986 | 0 | 0 |
| INVESTMENT MANAGERS SER TR I | AXS CHANGE FINAN | 46144X107 |  | 590816 | 21785 | SH |  | SOLE |  | 21785 | 0 | 0 |
| ISUN INC | COM | 465246106 |  | 628988 | 469394 | SH |  | SOLE |  | 469394 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 319377 | 2004 | SH |  | SOLE |  | 2004 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 5856281 | 43671 | SH |  | SOLE |  | 43671 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 2597944 | 58276 | SH |  | SOLE |  | 58276 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 366171 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 1915238 | 13255 | SH |  | SOLE |  | 13255 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 470756 | 8814 | SH |  | SOLE |  | 8814 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1118932 | 5616 | SH |  | SOLE |  | 5616 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 2188960 | 6295 | SH |  | SOLE |  | 6295 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 16696748 | 69622 | SH |  | SOLE |  | 69622 | 0 | 0 |
| NATURAL GROCERS BY VITAMIN C | COM | 63888U108 |  | 266065 | 29110 | SH |  | SOLE |  | 29110 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 2036208 | 17402 | SH |  | SOLE |  | 17402 | 0 | 0 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 3218927 | 23784 | SH |  | SOLE |  | 23784 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 5218809 | 39593 | SH |  | SOLE |  | 39593 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1998461 | 24449 | SH |  | SOLE |  | 24449 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 |  | 2743093 | 32687 | SH |  | SOLE |  | 32687 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 2202318 | 14531 | SH |  | SOLE |  | 14531 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 983591 | 7583 | SH |  | SOLE |  | 7583 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 305611 | 2711 | SH |  | SOLE |  | 2711 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 407213 | 2603 | SH |  | SOLE |  | 2603 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 908356 | 1259 | SH |  | SOLE |  | 1259 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 1171674 | 8246 | SH |  | SOLE |  | 8246 | 0 | 0 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 723738 | 14944 | SH |  | SOLE |  | 14944 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 3345091 | 21110 | SH |  | SOLE |  | 21110 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 1081242 | 3817 | SH |  | SOLE |  | 3817 | 0 | 0 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 |  | 7830 | 87 | SH |  | SOLE |  | 87 | 0 | 0 |
| SPDR SER TR | SPDR MSCI USA GE | 78468R747 |  | 3624 | 46 | SH |  | SOLE |  | 46 | 0 | 0 |
| SPDR SER TR | SPDR S 500 ETF | 78468R796 |  | 1285249 | 13768 | SH |  | SOLE |  | 13768 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 1136511 | 35110 | SH |  | SOLE |  | 35110 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 3091766 | 31167 | SH |  | SOLE |  | 31167 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1815082 | 23399 | SH |  | SOLE |  | 23399 | 0 | 0 |
| SUNNOVA ENERGY INTL INC. | COM | 86745K104 |  | 1047534 | 58164 | SH |  | SOLE |  | 58164 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 4122239 | 24950 | SH |  | SOLE |  | 24950 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 6794964 | 12339 | SH |  | SOLE |  | 12339 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 3368258 | 17965 | SH |  | SOLE |  | 17965 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 404411 | 8032 | SH |  | SOLE |  | 8032 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 209348 | 1011 | SH |  | SOLE |  | 1011 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 638831 | 16503 | SH |  | SOLE |  | 16503 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 3702444 | 21298 | SH |  | SOLE |  | 21298 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8629210 | 16276 | SH |  | SOLE |  | 16276 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 72727 | 207 | SH |  | SOLE |  | 207 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 15417 | 114 | SH |  | SOLE |  | 114 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 8248 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 17324 | 85 | SH |  | SOLE |  | 85 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 57966 | 272 | SH |  | SOLE |  | 272 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 32706 | 233 | SH |  | SOLE |  | 233 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 19639 | 107 | SH |  | SOLE |  | 107 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 993550 | 25217 | SH |  | SOLE |  | 25217 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 2147657 | 7437 | SH |  | SOLE |  | 7437 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2359115 | 11355 | SH |  | SOLE |  | 11355 | 0 | 0 |
| WILEY JOHN  SONS INC | CL A | 968223206 |  | 395953 | 9884 | SH |  | SOLE |  | 9884 | 0 | 0 |

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