Ferguson Wellman Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Ferguson Wellman Capital Management, Inc. reported 348 stock positions worth $5.3 billion. Its top holding was Microsoft (MSFT) at 7.5% of the portfolio, followed by Apple (AAPL, 5.9%) and Alphabet Class A (GOOGL, 5.1%). Compared with Q3 2024, it opened 18 new positions, sold out of 29, added to 105 and reduced 171. The biggest buy was Wells Fargo (WFC, shares +1091%) and the biggest sale Crown Castle (CCI, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0000869353
- Portfolio Value
- $5.3B (Q4 2024)
- SEC Filing
- 0000869353-25-000002 ↗ filed Jan 29, 2025
Holdings Value
Holdings 348 stocks · $5.3B
| MSFT Microsoft Corp. | 7.45% | 929,084 | $391.6M | Reduce -1.1% |
| AAPL Apple Inc. | 5.88% | 1,233,360 | $308.9M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 5.13% | 1,424,062 | $269.6M | Reduce -1.4% |
| NVDA Nvidia Corp. | 4.70% | 1,840,437 | $247.2M | Add +1.2% |
| AVGO Broadcom Inc. | 3.57% | 809,455 | $187.7M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 3.49% | 764,950 | $183.4M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 2.71% | 848,814 | $142.3M | Add +0.5% |
| AMZN Amazon.com Inc. | 2.49% | 595,067 | $130.6M | Add +1.1% |
| ABBV Abbvie Inc. | 2.12% | 628,154 | $111.6M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 2.02% | 179,926 | $105.9M | Add +3.8% |
| V Visa Inc. Class A | 1.99% | 331,117 | $104.6M | Reduce -0.8% |
| STT State Street Corp. | 1.99% | 1,064,840 | $104.5M | Add +3.6% |
| HD Home Depot Inc. | 1.97% | 266,268 | $103.6M | Add +0.3% |
| PH Parker Hannifin Corp. | 1.94% | 160,069 | $101.8M | Reduce 0.0% |
| WMT Walmart Inc. | 1.83% | 1,064,228 | $96.2M | Add +4.8% |
| UNH Unitedhealth Group Inc. | 1.79% | 185,677 | $93.9M | Reduce -1.7% |
| CVX Chevron Corp. | 1.73% | 626,969 | $90.8M | Add +23.3% |
| ETR Entergy Corp. | 1.71% | 1,182,168 | $89.6M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 1.47% | 776,372 | $77.2M | Reduce -2.4% |
| FTV Fortive Corp. | 1.40% | 981,019 | $73.6M | Reduce -0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.32% | 573,554 | $69.3M | Reduce -1.9% |
| PM Philip Morris International | 1.31% | 572,801 | $68.9M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 1.18% | 340,226 | $61.9M | Add +4.7% |
| SYK Stryker Corp. | 1.18% | 171,530 | $61.8M | Reduce -0.3% |
| SWPPX Schwab S&P 500 Index-Sel | 1.11% | 647,768 | $58.5M | Reduce -0.2% |
| NOW ServiceNow Inc. | 1.04% | 51,615 | $54.7M | Add +0.3% |
| TMUS T-Mobile US Inc. | 1.03% | 245,543 | $54.2M | Add +1.3% |
| AVB Avalonbay Communities Inc. | 1.03% | 246,318 | $54.2M | Reduce -2.0% |
| TMO Thermo Fisher Scientific Inc. | 1.02% | 103,168 | $53.7M | Reduce -6.7% |
| ETN Eaton Corp. PLC | 1.00% | 158,688 | $52.7M | Add +3.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.95% | 145,595 | $49.8M | Reduce -8.8% |
| MSI Motorola Solutions Inc. | 0.91% | 103,894 | $48.0M | Reduce -0.6% |
| AEP American Electric Power | 0.86% | 487,807 | $45.0M | Add +1.6% |
| HON Honeywell International Inc. | 0.84% | 194,421 | $43.9M | Reduce -5.6% |
| MS Morgan Stanley | 0.83% | 348,024 | $43.8M | Reduce -3.2% |
| VLTO Veralto Corp. | 0.81% | 418,493 | $42.6M | Reduce -0.5% |
| AIG American International Group | 0.81% | 584,413 | $42.5M | Reduce -15.2% |
| AN Autonation Inc. | 0.81% | 249,541 | $42.4M | Reduce -1.7% |
| JNJ Johnson & Johnson | 0.77% | 279,623 | $40.4M | Reduce -4.5% |
| EMR Emerson Electric Co. | 0.76% | 321,539 | $39.8M | Reduce -2.9% |
| CSCO Cisco Systems Inc. | 0.65% | 577,952 | $34.2M | Reduce -4.3% |
| TXT Textron Inc. | 0.64% | 442,511 | $33.8M | Reduce -2.1% |
| T AT&T Inc. | 0.63% | 1,451,662 | $33.1M | Reduce -3.9% |
| BLK BlackRock Inc. | 0.63% | 32,058 | $32.9M | Reduce -3.3% |
| AMP Ameriprise Financial Inc. | 0.61% | 59,946 | $31.9M | Reduce -1.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.60% | 110,539 | $31.4M | Reduce -2.2% |
| BRO Brown & Brown Inc. | 0.59% | 304,391 | $31.1M | Reduce -1.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.59% | 140,390 | $30.9M | Reduce -3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 65,110 | $29.5M | Add +4.3% |
| COR Cencora Inc. | 0.54% | 126,764 | $28.5M | Reduce -0.7% |
| AVY Avery Dennison Corp. | 0.52% | 146,830 | $27.5M | Add +135.6% |
| WFC Wells Fargo & Co. | 0.51% | 381,272 | $26.8M | Add +1090.7% |
| ABT Abbott Laboratories | 0.49% | 228,429 | $25.8M | Reduce -2.7% |
| ADI Analog Devices Inc. | 0.48% | 118,645 | $25.2M | Reduce -2.5% |
| MNST Monster Beverage Corp. | 0.45% | 450,828 | $23.7M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.43% | 24,872 | $22.8M | Add +2.0% |
| MCD McDonald's Corp. | 0.43% | 77,290 | $22.4M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.42% | 206,966 | $22.3M | Reduce -2.8% |
| EWBC East West Bancorp Inc. | 0.41% | 224,548 | $21.5M | Add +29.3% |
| XLE SS Energy Select Sector | 0.37% | 226,599 | $19.4M | Reduce -0.9% |
| MAS Masco Corp. | 0.34% | 246,939 | $17.9M | Reduce -3.2% |
| KMI Kinder Morgan Inc. | 0.33% | 625,039 | $17.1M | Add +22.6% |
| LMT Lockheed Martin Corp. | 0.32% | 34,702 | $16.9M | Reduce -11.8% |
| TXN Texas Instruments Inc. | 0.32% | 89,866 | $16.9M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.31% | 20,820 | $16.1M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 0.29% | 381,590 | $15.3M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 0.29% | 79,403 | $15.1M | Reduce -0.1% |
| CMCSA Comcast Corp. Class A | 0.28% | 395,048 | $14.8M | Reduce -7.7% |
| MET Metlife Inc. | 0.27% | 170,319 | $13.9M | Reduce -3.8% |
| AAON Aaon Inc. | 0.26% | 115,760 | $13.6M | Add +141.3% |
| ITA iShares U.S. Aerospace & Def | 0.23% | 84,927 | $12.3M | Reduce -8.8% |
| IYG iShares U.S. Financial Servi | 0.23% | 158,326 | $12.3M | Reduce -0.2% |
| IYE iShares U.S. Energy ETF | 0.21% | 245,518 | $11.2M | Reduce -16.0% |
| UNP Union Pacific Corp. | 0.21% | 48,816 | $11.1M | Reduce -2.8% |
| TSLA Tesla Inc. | 0.21% | 26,889 | $10.9M | Add +1.5% |
| XLB SS Materials Select Sector | 0.20% | 124,982 | $10.5M | Add +126.8% |
| XLK SS Technology Select Sector | 0.19% | 42,788 | $9.9M | Reduce -3.6% |
| INTU Intuit Inc. | 0.17% | 14,415 | $9.1M | Reduce -0.3% |
| IYJ iShares U.S. Industrials ETF | 0.17% | 66,845 | $8.9M | Reduce -0.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 29,533 | $8.6M | Add +6.0% |
| MDT Medtronic PLC | 0.16% | 102,804 | $8.2M | Reduce -2.4% |
| CCI Crown Castle Inc. | 0.15% | 88,585 | $8.0M | Reduce -79.0% |
| CAT Caterpillar Inc. | 0.15% | 22,130 | $8.0M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.14% | 14,447 | $7.6M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 12,434 | $7.3M | Add +3.7% |
| PEP Pepsico Inc. | 0.13% | 46,532 | $7.1M | Reduce -1.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.13% | 183,771 | $7.0M | Reduce -61.9% |
| VFIAX Vanguard 500 Index-Adm | 0.13% | 12,795 | $6.9M | Add +28.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 10 | $6.8M | Add +66.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 12,591 | $6.4M | Add +11.0% |
| ESGU iShares ESG Aware MSCI USA | 0.12% | 49,409 | $6.4M | Add +2.5% |
| ALL Allstate Corp. | 0.12% | 32,684 | $6.3M | Reduce -5.0% |
| XLF SS Financial Select Sector | 0.11% | 122,170 | $5.9M | Add +3.2% |
| IYC iShares US Consumer Discreti | 0.11% | 60,337 | $5.8M | Add +0.5% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 43,964 | $5.7M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 0.11% | 77,417 | $5.6M | Add +0.4% |
| XLRE SS Real Estate Select Sector | 0.10% | 134,791 | $5.5M | Add +1309.4% |
| AMGN Amgen Inc. | 0.10% | 20,159 | $5.3M | Add +1.2% |
| XLP SS Consumer Staples Sel Sect | 0.10% | 66,557 | $5.2M | Reduce -0.6% |
| XLC SS Comm Select Sector SPDR | 0.10% | 53,206 | $5.2M | Add +6.0% |
Portfolio Sells Q3 2024 → Q4 2024
| CCI Crown Castle Inc. | Reduce -79.0% | 0.15% | −0.82 |
| PPG PPG Industries Inc. | Reduce -92.0% | 0.04% | −0.50 |
| MSFT Microsoft Corp. | Reduce -1.1% | 7.45% | −0.37 |
| UNH Unitedhealth Group Inc. | Reduce -1.7% | 1.79% | −0.35 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.7% | 1.02% | −0.30 |
| ABBV Abbvie Inc. | Reduce -0.9% | 2.12% | −0.30 |
| DINO HF Sinclair Corp. | Reduce -91.3% | 0.02% | −0.28 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 1.47% | −0.28 |
| SLB SLB Ltd. | Reduce -61.9% | 0.13% | −0.26 |
| DOW Dow Inc. | Reduce -61.5% | 0.08% | −0.22 |
| AIG American International Group | Reduce -15.2% | 0.81% | −0.17 |
| JNJ Johnson & Johnson | Reduce -4.5% | 0.77% | −0.15 |
| TXT Textron Inc. | Reduce -2.1% | 0.64% | −0.13 |
| LMT Lockheed Martin Corp. | Reduce -11.8% | 0.32% | −0.12 |
| FTV Fortive Corp. | Reduce -0.9% | 1.40% | −0.11 |
| VLTO Veralto Corp. | Reduce -0.5% | 0.81% | −0.10 |
| MAS Masco Corp. | Reduce -3.2% | 0.34% | −0.07 |
| AN Autonation Inc. | Reduce -1.7% | 0.81% | −0.07 |
| AVB Avalonbay Communities Inc. | Reduce -2.0% | 1.03% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -7.7% | 0.28% | −0.06 |
| ADI Analog Devices Inc. | Reduce -2.5% | 0.48% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -2.8% | 0.42% | −0.06 |
| PM Philip Morris International | Reduce -1.8% | 1.31% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -0.7% | 0.31% | −0.05 |
| IYE iShares U.S. Energy ETF | Reduce -16.0% | 0.21% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -1.4% | 0.29% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -0.1% | 0.32% | −0.04 |
| MCD McDonald's Corp. | Reduce -1.9% | 0.43% | −0.04 |
| ITA iShares U.S. Aerospace & Def | Reduce -8.8% | 0.23% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -3.3% | 0.59% | −0.03 |
| SHSSX BlackRock Heal Sci Opp-Inst | Sold out | 0.00% | −0.03 |
| UNP Union Pacific Corp. | Reduce -2.8% | 0.21% | −0.03 |
| SYK Stryker Corp. | Reduce -0.3% | 1.18% | −0.03 |
| MDT Medtronic PLC | Reduce -2.4% | 0.16% | −0.03 |
| ABT Abbott Laboratories | Reduce -2.7% | 0.49% | −0.03 |
| BRO Brown & Brown Inc. | Reduce -1.0% | 0.59% | −0.03 |
| FAST Fastenal Co. | Reduce -70.5% | 0.01% | −0.02 |
| RPM RPM International Inc. | Reduce -84.1% | 0.00% | −0.02 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.9% | 0.13% | −0.02 |
| CARR Carrier Global Corp. | Reduce -1.2% | 0.09% | −0.02 |
| AME Ametek Inc. | Reduce -27.6% | 0.06% | −0.02 |
| WM Waste Management Inc. | Reduce -29.8% | 0.04% | −0.02 |
| PH Parker Hannifin Corp. | Reduce 0.0% | 1.94% | −0.02 |
| XLE SS Energy Select Sector | Reduce -0.9% | 0.37% | −0.02 |
| AJG Arthur J Gallagher & Co. | Reduce -2.2% | 0.60% | −0.02 |
| MET Metlife Inc. | Reduce -3.8% | 0.27% | −0.02 |
| HUM Humana Inc. | Reduce -4.2% | 0.05% | −0.02 |
| CAT Caterpillar Inc. | Reduce -1.0% | 0.15% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -2.5% | 0.05% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| WFC Wells Fargo & Co. | Add +1090.7% | 0.51% | +0.47 |
| NVDA Nvidia Corp. | Add +1.2% | 4.70% | +0.43 |
| AMZN Amazon.com Inc. | Add +1.1% | 2.49% | +0.36 |
| CVX Chevron Corp. | Add +23.3% | 1.73% | +0.28 |
| AVY Avery Dennison Corp. | Add +135.6% | 0.52% | +0.26 |
| WMT Walmart Inc. | Add +4.8% | 1.83% | +0.24 |
| STT State Street Corp. | Add +3.6% | 1.99% | +0.23 |
| AAON Aaon Inc. | Add +141.3% | 0.26% | +0.16 |
| NOW ServiceNow Inc. | Add +0.3% | 1.04% | +0.15 |
| EWBC East West Bancorp Inc. | Add +29.3% | 0.41% | +0.13 |
| KMI Kinder Morgan Inc. | Add +22.6% | 0.33% | +0.11 |
| PANW Palo Alto Networks Inc. | Add +4.7% | 1.18% | +0.10 |
| XLB SS Materials Select Sector | Add +126.8% | 0.20% | +0.10 |
| XLRE SS Real Estate Select Sector | Add +1309.4% | 0.10% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +3.8% | 2.02% | +0.08 |
| TSLA Tesla Inc. | Add +1.5% | 0.21% | +0.07 |
| TMUS T-Mobile US Inc. | Add +1.3% | 1.03% | +0.06 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +66.7% | 0.13% | +0.05 |
| DODGX Dodge & Cox Stock-I | Add +738.3% | 0.05% | +0.04 |
| BFGIX Baron Focused Growth-Inst | New | 0.03% | +0.03 |
| VFIAX Vanguard 500 Index-Adm | Add +28.2% | 0.13% | +0.03 |
| VVIAX VNGD Mrgstr Value Idx FD-Adm | New | 0.02% | +0.02 |
| DGRO iShares Core Dividend Growth | New | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | Add +2.0% | 0.43% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.0% | 0.12% | +0.02 |
| ETN Eaton Corp. PLC | Add +3.0% | 1.00% | +0.01 |
| XLC SS Comm Select Sector SPDR | Add +6.0% | 0.10% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.0% | 0.16% | +0.01 |
| VTSAX VNGD Mrngst TS MK Idx FD-Adm | Add +38.7% | 0.03% | +0.01 |
| XLF SS Financial Select Sector | Add +3.2% | 0.11% | +0.01 |
| IYC iShares US Consumer Discreti | Add +0.5% | 0.11% | +0.01 |
| ACN Accenture PLC Class A | Add +29.2% | 0.04% | +0.01 |
| ATHIX Amer Cent Heritage-I | New | 0.01% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +122.7% | 0.01% | +0.01 |
| MFEKX MFS Growth Fund-R6 | New | 0.01% | +0.01 |
| BROS Dutch Bros Inc. Class A | New | 0.01% | +0.01 |
| WMFFX Amer FND Wash Mut Inv-F2 | New | 0.01% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.3% | 0.56% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.7% | 0.14% | +0.01 |
| POSKX Primecap Odyssey Stock | New | 0.01% | +0.01 |
| SHOP Shopify Inc. Class A | New | 0.01% | +0.01 |
| DIS The Walt Disney Co. | Add +1.6% | 0.03% | +0.00 |
| EW Edwards Lifesciences Corp. | Add +2.7% | 0.04% | +0.00 |
| FKGRX Franklin Growth Fund-A | New | 0.00% | +0.00 |
| RTMTX Russell Tax-MGD US L/C-M | New | 0.00% | +0.00 |
| WSM Williams-Sonoma Inc. | New | 0.00% | +0.00 |
| FRDPX Franklin Rising Dividend-A | New | 0.00% | +0.00 |
| SELIGMAN COMMUN & INFO - A | New | 0.00% | +0.00 |
| SCHM Schwab US Mid Cap ETF | New | 0.00% | +0.00 |
| BKNG Booking Holdings Inc. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 442 | $8.2B | GOOGL, ACWX, AAPL, NVDA, MSFT |
| Q1 2026 | 406 | $7.3B | ACWX, GOOGL, AAPL, MSFT, NVDA |
| Q4 2025 | 358 | $6.2B | MSFT, GOOGL, AAPL, NVDA, AVGO |
| Q3 2025 | 354 | $6.2B | MSFT, NVDA, GOOGL, AAPL, AVGO |
| Q2 2025 | 340 | $5.7B | MSFT, NVDA, AAPL, GOOGL, JPM |
| Q1 2025 | 358 | $5.2B | MSFT, AAPL, NVDA, GOOGL, JPM |
| Q4 2024 | 348 | $5.3B | MSFT, AAPL, GOOGL, NVDA, AVGO |
| Q3 2024Amended | 359 | $5.2B | MSFT, AAPL, GOOGL, NVDA, JPM |
| Q2 2024 | 354 | $4.9B | MSFT, GOOGL, AAPL, NVDA, JPM |
| Q1 2024 | 368 | $4.9B | MSFT, AAPL, GOOGL, NVDA, JPM |