Ferguson Wellman Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 16, 2025), Ferguson Wellman Capital Management, Inc. reported 358 stock positions worth $5.2 billion. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Apple (AAPL, 5.4%) and Nvidia (NVDA, 4.1%). Compared with Q4 2024, it opened 27 new positions, sold out of 17, added to 153 and reduced 126. The biggest buy was Amgen (AMGN, shares +846%) and the biggest sale Alphabet Class A (GOOGL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0000869353
- Portfolio Value
- $5.2B (Q1 2025)
- SEC Filing
- 0000869353-25-000004 ↗ filed Apr 16, 2025
Holdings Value
Holdings 358 stocks · $5.2B
| MSFT Microsoft Corp. | 6.82% | 936,553 | $351.6M | Add +0.8% |
| AAPL Apple Inc. | 5.35% | 1,241,722 | $275.8M | Add +0.7% |
| NVDA Nvidia Corp. | 4.07% | 1,933,144 | $209.5M | Add +5.0% |
| GOOGL Alphabet Inc. Class A | 4.01% | 1,336,919 | $206.7M | Reduce -6.1% |
| JPM JPMorgan Chase & Co. | 3.69% | 774,578 | $190.0M | Add +1.3% |
| PG The Procter & Gamble Co. | 2.85% | 862,665 | $147.0M | Add +1.6% |
| ABBV Abbvie Inc. | 2.60% | 639,293 | $133.9M | Add +1.8% |
| AVGO Broadcom Inc. | 2.55% | 786,424 | $131.7M | Reduce -2.9% |
| CVX Chevron Corp. | 2.37% | 730,975 | $122.3M | Add +16.6% |
| V Visa Inc. Class A | 2.33% | 342,203 | $119.9M | Add +3.4% |
| AMZN Amazon.com Inc. | 2.25% | 610,329 | $116.1M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 1.99% | 182,847 | $102.7M | Add +1.6% |
| ETR Entergy Corp. | 1.99% | 1,201,620 | $102.7M | Add +1.6% |
| PH Parker Hannifin Corp. | 1.92% | 162,454 | $98.7M | Add +1.5% |
| UNH Unitedhealth Group Inc. | 1.92% | 188,499 | $98.7M | Add +1.5% |
| STT State Street Corp. | 1.90% | 1,092,439 | $97.8M | Add +2.6% |
| HD Home Depot Inc. | 1.89% | 266,006 | $97.5M | Reduce -0.1% |
| WMT Walmart Inc. | 1.85% | 1,088,206 | $95.5M | Add +2.3% |
| PM Philip Morris International | 1.82% | 592,171 | $94.0M | Add +3.4% |
| CSCO Cisco Systems Inc. | 1.49% | 1,242,016 | $76.6M | Add +114.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.45% | 613,675 | $74.7M | Add +7.0% |
| FTV Fortive Corp. | 1.42% | 997,413 | $73.0M | Add +1.7% |
| TMUS T-Mobile US Inc. | 1.30% | 251,510 | $67.1M | Add +2.4% |
| SYK Stryker Corp. | 1.26% | 174,871 | $65.1M | Add +1.9% |
| AMGN Amgen Inc. | 1.15% | 190,736 | $59.4M | Add +846.2% |
| WFC Wells Fargo & Co. | 1.10% | 789,041 | $56.6M | Add +107.0% |
| SWPPX Schwab S&P 500 Index-Sel | 1.10% | 653,851 | $56.5M | Add +0.9% |
| MRK Merck & Co. Inc. | 1.08% | 618,026 | $55.5M | Reduce -20.4% |
| AEP American Electric Power | 1.07% | 504,665 | $55.1M | Add +3.5% |
| AVB Avalonbay Communities Inc. | 1.05% | 251,593 | $54.0M | Add +2.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.01% | 148,079 | $52.2M | Add +1.7% |
| AIG American International Group | 1.00% | 593,338 | $51.6M | Add +1.5% |
| META Meta Platforms Inc. Class A | 0.93% | 83,296 | $48.0M | Add +1769.3% |
| JNJ Johnson & Johnson | 0.91% | 282,317 | $46.8M | Add +1.0% |
| MSI Motorola Solutions Inc. | 0.90% | 105,722 | $46.3M | Add +1.8% |
| ETN Eaton Corp. PLC | 0.83% | 157,489 | $42.8M | Reduce -0.8% |
| T AT&T Inc. | 0.82% | 1,493,285 | $42.2M | Add +2.9% |
| VLTO Veralto Corp. | 0.82% | 432,121 | $42.1M | Add +3.3% |
| UBER Uber Technologies Inc. | 0.80% | 564,166 | $41.1M | New |
| MS Morgan Stanley | 0.79% | 348,987 | $40.7M | Add +0.3% |
| HON Honeywell International Inc. | 0.78% | 189,077 | $40.0M | Reduce -2.8% |
| BRO Brown & Brown Inc. | 0.75% | 312,116 | $38.8M | Add +2.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.74% | 110,086 | $38.0M | Reduce -0.4% |
| COR Cencora Inc. | 0.70% | 129,086 | $35.9M | Add +1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 141,448 | $35.2M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.68% | 65,323 | $34.8M | Add +0.3% |
| NKE Nike Inc. Class B | 0.62% | 500,961 | $31.8M | Add +1303.7% |
| ABT Abbott Laboratories | 0.61% | 236,650 | $31.4M | Add +3.6% |
| EMR Emerson Electric Co. | 0.61% | 285,657 | $31.3M | Reduce -11.2% |
| MCD McDonald's Corp. | 0.61% | 100,168 | $31.3M | Add +29.6% |
| BLK BlackRock Inc. | 0.59% | 32,173 | $30.5M | Add +0.4% |
| AMP Ameriprise Financial Inc. | 0.56% | 59,767 | $28.9M | Reduce -0.3% |
| AVY Avery Dennison Corp. | 0.50% | 145,042 | $25.8M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 0.50% | 216,031 | $25.7M | Add +4.4% |
| COST Costco Wholesale Corp. | 0.46% | 25,082 | $23.7M | Add +0.8% |
| ADI Analog Devices Inc. | 0.46% | 117,378 | $23.7M | Reduce -1.1% |
| XLE SS Energy Select Sector | 0.40% | 221,142 | $20.7M | Reduce -2.4% |
| EWBC East West Bancorp Inc. | 0.40% | 226,961 | $20.4M | Add +1.1% |
| KMI Kinder Morgan Inc. | 0.37% | 670,611 | $19.1M | Add +7.3% |
| MU Micron Technology Inc. | 0.37% | 218,861 | $19.0M | New |
| VZ Verizon Communications Inc. | 0.36% | 409,051 | $18.6M | Add +7.2% |
| LLY Eli Lilly & Co. | 0.34% | 21,098 | $17.4M | Add +1.3% |
| MAS Masco Corp. | 0.33% | 246,716 | $17.2M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.31% | 88,814 | $16.0M | Reduce -1.2% |
| LMT Lockheed Martin Corp. | 0.30% | 34,559 | $15.4M | Reduce -0.4% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 29,919 | $14.9M | Reduce -71.0% |
| MET Metlife Inc. | 0.27% | 170,267 | $13.7M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.25% | 81,458 | $12.7M | Add +2.6% |
| ITA iShares U.S. Aerospace & Def | 0.25% | 82,699 | $12.7M | Reduce -2.6% |
| IYG iShares U.S. Financial Servi | 0.24% | 157,911 | $12.4M | Reduce -0.3% |
| IYH iShares U.S. Healthcare ETF | 0.24% | 199,075 | $12.1M | Add +2375.1% |
| UNP Union Pacific Corp. | 0.23% | 49,091 | $11.6M | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 20,382 | $11.4M | Add +63.9% |
| MDT Medtronic PLC | 0.19% | 110,113 | $9.9M | Add +7.1% |
| AAON Aaon Inc. | 0.18% | 119,547 | $9.3M | Add +3.3% |
| DOW Dow Inc. | 0.18% | 265,867 | $9.3M | Add +139.5% |
| XLK SS Technology Select Sector | 0.17% | 41,983 | $8.7M | Reduce -1.9% |
| IYJ iShares U.S. Industrials ETF | 0.17% | 66,100 | $8.6M | Reduce -1.1% |
| INTU Intuit Inc. | 0.16% | 13,828 | $8.5M | Reduce -4.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 29,872 | $8.2M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.16% | 14,866 | $8.1M | Add +2.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.15% | 10 | $8.0M | No change |
| AN Autonation Inc. | 0.14% | 45,624 | $7.4M | Reduce -81.7% |
| PEP Pepsico Inc. | 0.14% | 48,990 | $7.3M | Add +5.3% |
| CAT Caterpillar Inc. | 0.14% | 21,604 | $7.1M | Reduce -2.4% |
| TSLA Tesla Inc. | 0.14% | 27,421 | $7.1M | Add +2.0% |
| PANW Palo Alto Networks Inc. | 0.13% | 40,566 | $6.9M | Reduce -88.1% |
| VFIAX Vanguard 500 Index-Adm | 0.13% | 12,796 | $6.6M | Add +0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 14,083 | $6.6M | Add +11.8% |
| ALL Allstate Corp. | 0.13% | 31,683 | $6.6M | Reduce -3.1% |
| XLF SS Financial Select Sector | 0.13% | 129,557 | $6.5M | Add +6.0% |
| ESGU iShares ESG Aware MSCI USA | 0.12% | 52,721 | $6.4M | Add +6.7% |
| XLP SS Consumer Staples Sel Sect | 0.11% | 66,732 | $5.5M | Add +0.3% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 43,964 | $5.4M | No change |
| DE Deere & Co. | 0.10% | 11,327 | $5.3M | Add +12.1% |
| NEE Nextera Energy Inc. | 0.10% | 74,344 | $5.3M | Reduce -4.0% |
| TRV The Travelers Cos Inc. | 0.10% | 19,845 | $5.2M | Add +1.8% |
| IYC iShares US Consumer Discreti | 0.10% | 58,654 | $5.2M | Reduce -2.8% |
| DVY iShares Select Dividend ETF | 0.10% | 36,849 | $4.9M | Add +0.6% |
| XLC SS Comm Select Sector SPDR | 0.09% | 48,263 | $4.7M | Reduce -9.3% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -6.1% | 4.01% | −1.12 |
| PANW Palo Alto Networks Inc. | Reduce -88.1% | 0.13% | −1.04 |
| AVGO Broadcom Inc. | Reduce -2.9% | 2.55% | −1.02 |
| NOW ServiceNow Inc. | Reduce -95.3% | 0.04% | −1.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -71.0% | 0.29% | −0.73 |
| AN Autonation Inc. | Reduce -81.7% | 0.14% | −0.66 |
| TXT Textron Inc. | Reduce -98.8% | 0.01% | −0.64 |
| MNST Monster Beverage Corp. | Reduce -96.7% | 0.02% | −0.43 |
| MRK Merck & Co. Inc. | Reduce -20.4% | 1.08% | −0.39 |
| CMCSA Comcast Corp. Class A | Reduce -97.3% | 0.01% | −0.27 |
| IYE iShares U.S. Energy ETF | Reduce -97.5% | 0.01% | −0.21 |
| ETN Eaton Corp. PLC | Reduce -0.8% | 0.83% | −0.17 |
| EMR Emerson Electric Co. | Reduce -11.2% | 0.61% | −0.15 |
| CCI Crown Castle Inc. | Reduce -96.7% | 0.01% | −0.15 |
| XLB SS Materials Select Sector | Reduce -59.2% | 0.09% | −0.12 |
| XLRE SS Real Estate Select Sector | Reduce -93.3% | 0.01% | −0.10 |
| HD Home Depot Inc. | Reduce -0.1% | 1.89% | −0.08 |
| SLB SLB Ltd. | Reduce -62.7% | 0.06% | −0.08 |
| DELL Dell Technologies -C | Reduce -86.3% | 0.01% | −0.07 |
| HON Honeywell International Inc. | Reduce -2.8% | 0.78% | −0.06 |
| AMP Ameriprise Financial Inc. | Reduce -0.3% | 0.56% | −0.05 |
| AVY Avery Dennison Corp. | Reduce -1.2% | 0.50% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -0.4% | 0.30% | −0.02 |
| XLK SS Technology Select Sector | Reduce -1.9% | 0.17% | −0.02 |
| ADI Analog Devices Inc. | Reduce -1.1% | 0.46% | −0.02 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.02 |
| Total Market Equity Index Pool | Sold out | 0.00% | −0.02 |
| AME Ametek Inc. | Reduce -25.2% | 0.04% | −0.02 |
| CAT Caterpillar Inc. | Reduce -2.4% | 0.14% | −0.01 |
| BRKR Bruker Corp. | Reduce -67.9% | 0.00% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -4.6% | 0.08% | −0.01 |
| HUBB Hubbell Inc. | Reduce -31.4% | 0.02% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -4.7% | 0.07% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -1.2% | 0.31% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -52.4% | 0.01% | −0.01 |
| IYC iShares US Consumer Discreti | Reduce -2.8% | 0.10% | −0.01 |
| MAS Masco Corp. | Reduce -0.1% | 0.33% | −0.01 |
| INTU Intuit Inc. | Reduce -4.1% | 0.16% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -9.3% | 0.09% | −0.01 |
| USB US Bancorp | Reduce -0.5% | 0.07% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -15.0% | 0.08% | −0.01 |
| PNC PNC Financial Services Group | Reduce -11.3% | 0.03% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -8.1% | 0.09% | −0.01 |
| CARR Carrier Global Corp. | Reduce -1.1% | 0.09% | −0.01 |
| PFE Pfizer Inc. | Reduce -21.0% | 0.02% | −0.01 |
| ZTS Zoetis Inc. | Reduce -14.7% | 0.04% | −0.01 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -0.6% | 0.05% | −0.01 |
| POSKX Primecap Odyssey Stock | Sold out | 0.00% | −0.01 |
| VWENX Vanguard Wellington-Adm | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| AMGN Amgen Inc. | Add +846.2% | 1.15% | +1.05 |
| META Meta Platforms Inc. Class A | Add +1769.3% | 0.93% | +0.88 |
| CSCO Cisco Systems Inc. | Add +114.9% | 1.49% | +0.84 |
| UBER Uber Technologies Inc. | New | 0.80% | +0.80 |
| CVX Chevron Corp. | Add +16.6% | 2.37% | +0.64 |
| WFC Wells Fargo & Co. | Add +107.0% | 1.10% | +0.59 |
| NKE Nike Inc. Class B | Add +1303.7% | 0.62% | +0.57 |
| PM Philip Morris International | Add +3.4% | 1.82% | +0.51 |
| ABBV Abbvie Inc. | Add +1.8% | 2.60% | +0.47 |
| MU Micron Technology Inc. | New | 0.37% | +0.37 |
| V Visa Inc. Class A | Add +3.4% | 2.33% | +0.34 |
| ETR Entergy Corp. | Add +1.6% | 1.99% | +0.29 |
| TMUS T-Mobile US Inc. | Add +2.4% | 1.30% | +0.27 |
| IYH iShares U.S. Healthcare ETF | Add +2375.1% | 0.24% | +0.23 |
| AEP American Electric Power | Add +3.5% | 1.07% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +1.3% | 3.69% | +0.20 |
| AIG American International Group | Add +1.5% | 1.00% | +0.19 |
| T AT&T Inc. | Add +2.9% | 0.82% | +0.19 |
| MCD McDonald's Corp. | Add +29.6% | 0.61% | +0.18 |
| BRO Brown & Brown Inc. | Add +2.5% | 0.75% | +0.16 |
| COR Cencora Inc. | Add +1.8% | 0.70% | +0.15 |
| PG The Procter & Gamble Co. | Add +1.6% | 2.85% | +0.14 |
| JNJ Johnson & Johnson | Add +1.0% | 0.91% | +0.14 |
| TJX TJX Companies Inc. | Add +7.0% | 1.45% | +0.13 |
| UNH Unitedhealth Group Inc. | Add +1.5% | 1.92% | +0.13 |
| ABT Abbott Laboratories | Add +3.6% | 0.61% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.3% | 0.68% | +0.11 |
| DOW Dow Inc. | Add +139.5% | 0.18% | +0.10 |
| IBM Intl Business Machines Corp. | Add +0.8% | 0.68% | +0.10 |
| SYK Stryker Corp. | Add +1.9% | 1.26% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +63.9% | 0.22% | +0.08 |
| XOM Exxon Mobil Corp. | Add +4.4% | 0.50% | +0.07 |
| VZ Verizon Communications Inc. | Add +7.2% | 0.36% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.7% | 1.01% | +0.06 |
| KMI Kinder Morgan Inc. | Add +7.3% | 0.37% | +0.05 |
| MDT Medtronic PLC | Add +7.1% | 0.19% | +0.04 |
| CBRE CBRE Group Inc. Class A | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | Add +1.3% | 0.34% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.8% | 0.46% | +0.03 |
| KO The Coca-Cola Co. | Add +56.8% | 0.06% | +0.03 |
| WMT Walmart Inc. | Add +2.3% | 1.85% | +0.02 |
| DE Deere & Co. | Add +12.1% | 0.10% | +0.02 |
| GILD Gilead Sciences Inc. | Add +218.9% | 0.03% | +0.02 |
| KVUE Kenvue Inc. | New | 0.02% | +0.02 |
| AVB Avalonbay Communities Inc. | Add +2.1% | 1.05% | +0.02 |
| QCOM Qualcomm Inc. | Add +86.7% | 0.03% | +0.02 |
| FTV Fortive Corp. | Add +1.7% | 1.42% | +0.02 |
| MA Mastercard Inc. Class A | Add +2.9% | 0.16% | +0.01 |
| UNP Union Pacific Corp. | Add +0.6% | 0.23% | +0.01 |
| PGR Progressive Corp. | Add +0.9% | 0.07% | +0.01 |
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 |