Ferguson Wellman Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 10, 2025), Ferguson Wellman Capital Management, Inc. reported 340 stock positions worth $5.7 billion. Its top holding was Microsoft (MSFT) at 8.3% of the portfolio, followed by Nvidia (NVDA, 5.5%) and Apple (AAPL, 4.5%). Compared with Q1 2025, it opened 12 new positions, sold out of 30, added to 80 and reduced 176. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale Unitedhealth (UNH, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0000869353
- Portfolio Value
- $5.7B (Q2 2025)
- SEC Filing
- 0000869353-25-000005 ↗ filed Jul 10, 2025
Holdings Value
Holdings 340 stocks · $5.7B
| MSFT Microsoft Corp. | 8.30% | 948,407 | $471.7M | Add +1.3% |
| NVDA Nvidia Corp. | 5.51% | 1,983,319 | $313.3M | Add +2.6% |
| AAPL Apple Inc. | 4.50% | 1,245,752 | $255.6M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 4.26% | 1,373,479 | $242.0M | Add +2.7% |
| JPM JPMorgan Chase & Co. | 3.89% | 761,725 | $220.8M | Reduce -1.7% |
| AVGO Broadcom Inc. | 3.83% | 789,698 | $217.7M | Add +0.4% |
| PG The Procter & Gamble Co. | 2.50% | 891,326 | $142.0M | Add +3.3% |
| AMZN Amazon.com Inc. | 2.43% | 629,035 | $138.0M | Add +3.1% |
| V Visa Inc. Class A | 2.19% | 349,799 | $124.2M | Add +2.2% |
| STT State Street Corp. | 2.11% | 1,127,025 | $119.8M | Add +3.2% |
| ABBV Abbvie Inc. | 2.10% | 644,425 | $119.6M | Add +0.8% |
| PH Parker Hannifin Corp. | 2.08% | 168,828 | $117.9M | Add +3.9% |
| IVV iShares Core S&P 500 ETF | 2.03% | 185,800 | $115.4M | Add +1.6% |
| PM Philip Morris International | 1.95% | 607,200 | $110.6M | Add +2.5% |
| WMT Walmart Inc. | 1.94% | 1,128,569 | $110.4M | Add +3.7% |
| CVX Chevron Corp. | 1.88% | 744,153 | $106.6M | Add +1.8% |
| ETR Entergy Corp. | 1.81% | 1,235,391 | $102.7M | Add +2.8% |
| HD Home Depot Inc. | 1.72% | 266,687 | $97.8M | Add +0.3% |
| CSCO Cisco Systems Inc. | 1.55% | 1,266,015 | $87.8M | Add +1.9% |
| ADP Automatic Data Processing | 1.48% | 273,079 | $84.2M | Add +2400.0% |
| AMGN Amgen Inc. | 1.47% | 299,578 | $83.6M | Add +57.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.36% | 625,943 | $77.3M | Add +2.0% |
| UBER Uber Technologies Inc. | 1.31% | 799,487 | $74.6M | Add +41.7% |
| WFC Wells Fargo & Co. | 1.30% | 923,962 | $74.0M | Add +17.1% |
| SYK Stryker Corp. | 1.24% | 178,665 | $70.7M | Add +2.2% |
| META Meta Platforms Inc. Class A | 1.13% | 86,986 | $64.2M | Add +4.4% |
| TMUS T-Mobile US Inc. | 1.10% | 263,165 | $62.7M | Add +4.6% |
| COR Cencora Inc. | 1.10% | 208,516 | $62.5M | Add +61.5% |
| SWPPX Schwab S&P 500 Index-Sel | 1.09% | 646,089 | $61.9M | Reduce -1.2% |
| MRK Merck & Co. Inc. | 1.05% | 754,888 | $59.8M | Add +22.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.03% | 114,773 | $58.5M | Reduce -22.5% |
| AEP American Electric Power | 1.02% | 559,775 | $58.1M | Add +10.9% |
| ETN Eaton Corp. PLC | 0.97% | 153,664 | $54.9M | Reduce -2.4% |
| AVB Avalonbay Communities Inc. | 0.92% | 256,151 | $52.1M | Add +1.8% |
| AIG American International Group | 0.92% | 608,207 | $52.1M | Add +2.5% |
| MS Morgan Stanley | 0.87% | 349,847 | $49.3M | Add +0.3% |
| MSI Motorola Solutions Inc. | 0.81% | 109,288 | $46.0M | Add +3.4% |
| VLTO Veralto Corp. | 0.81% | 453,307 | $45.8M | Add +4.9% |
| HON Honeywell International Inc. | 0.78% | 190,209 | $44.3M | Add +0.6% |
| T AT&T Inc. | 0.77% | 1,515,377 | $43.9M | Add +1.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.74% | 143,140 | $42.2M | Add +1.2% |
| JNJ Johnson & Johnson | 0.72% | 268,531 | $41.0M | Reduce -4.9% |
| EMR Emerson Electric Co. | 0.67% | 284,234 | $37.9M | Reduce -0.5% |
| NKE Nike Inc. Class B | 0.65% | 521,108 | $37.0M | Add +4.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.63% | 111,979 | $35.8M | Add +1.7% |
| BRO Brown & Brown Inc. | 0.62% | 319,831 | $35.5M | Add +2.5% |
| BLK BlackRock Inc. | 0.59% | 32,108 | $33.7M | Reduce -0.2% |
| ABT Abbott Laboratories | 0.57% | 237,617 | $32.3M | Add +0.4% |
| AMP Ameriprise Financial Inc. | 0.56% | 59,770 | $31.9M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 63,846 | $31.0M | Reduce -2.3% |
| MCD McDonald's Corp. | 0.51% | 98,900 | $28.9M | Reduce -1.3% |
| ADI Analog Devices Inc. | 0.49% | 115,949 | $27.6M | Reduce -1.2% |
| AVY Avery Dennison Corp. | 0.45% | 145,206 | $25.5M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.42% | 24,396 | $24.2M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.42% | 220,132 | $23.7M | Add +1.9% |
| EWBC East West Bancorp Inc. | 0.40% | 225,934 | $22.8M | Reduce -0.5% |
| KMI Kinder Morgan Inc. | 0.35% | 676,588 | $19.9M | Add +0.9% |
| TXN Texas Instruments Inc. | 0.33% | 89,021 | $18.5M | Add +0.2% |
| XLE SS Energy Select Sector | 0.33% | 217,909 | $18.5M | Reduce -1.5% |
| MU Micron Technology Inc. | 0.31% | 142,712 | $17.6M | Reduce -34.8% |
| VZ Verizon Communications Inc. | 0.30% | 395,978 | $17.1M | Reduce -3.2% |
| LLY Eli Lilly & Co. | 0.29% | 20,815 | $16.2M | Reduce -1.3% |
| LMT Lockheed Martin Corp. | 0.28% | 34,299 | $15.9M | Reduce -0.8% |
| ITA iShares U.S. Aerospace & Def | 0.27% | 80,011 | $15.1M | Reduce -3.3% |
| MET Metlife Inc. | 0.24% | 171,273 | $13.8M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 0.24% | 76,650 | $13.6M | Reduce -5.9% |
| IYG iShares U.S. Financial Servi | 0.24% | 156,766 | $13.4M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 20,088 | $12.4M | Reduce -1.4% |
| UNP Union Pacific Corp. | 0.19% | 47,216 | $10.9M | Reduce -3.8% |
| INTU Intuit Inc. | 0.19% | 13,691 | $10.8M | Reduce -1.0% |
| XLK SS Technology Select Sector | 0.19% | 42,360 | $10.7M | Add +0.9% |
| UNH Unitedhealth Group Inc. | 0.18% | 33,063 | $10.3M | Reduce -82.5% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 25,059 | $10.2M | Reduce -16.2% |
| MDT Medtronic PLC | 0.17% | 113,043 | $9.9M | Add +2.7% |
| IYJ iShares U.S. Industrials ETF | 0.17% | 65,995 | $9.4M | Reduce -0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 29,478 | $9.0M | Reduce -1.3% |
| AAON Aaon Inc. | 0.15% | 118,267 | $8.7M | Reduce -1.1% |
| SMH Vaneck Semiconductor ETF | 0.15% | 30,530 | $8.5M | New |
| TSLA Tesla Inc. | 0.14% | 25,756 | $8.2M | Reduce -6.1% |
| MA Mastercard Inc. Class A | 0.14% | 14,467 | $8.1M | Reduce -2.7% |
| CAT Caterpillar Inc. | 0.14% | 20,666 | $8.0M | Reduce -4.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 13,932 | $7.7M | Reduce -1.1% |
| ESGU iShares ESG Aware MSCI USA | 0.13% | 55,886 | $7.6M | Add +6.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 10 | $7.3M | No change |
| VFIAX Vanguard 500 Index-Adm | 0.13% | 12,528 | $7.2M | Reduce -2.1% |
| AN Autonation Inc. | 0.12% | 35,330 | $7.0M | Reduce -22.6% |
| DOW Dow Inc. | 0.12% | 255,454 | $6.8M | Reduce -3.9% |
| XLF SS Financial Select Sector | 0.12% | 125,904 | $6.6M | Reduce -2.8% |
| PEP Pepsico Inc. | 0.11% | 47,067 | $6.2M | Reduce -3.9% |
| ALL Allstate Corp. | 0.11% | 30,702 | $6.2M | Reduce -3.1% |
| PANW Palo Alto Networks Inc. | 0.11% | 30,090 | $6.2M | Reduce -25.8% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 43,964 | $5.9M | No change |
| IYC iShares US Consumer Discreti | 0.10% | 57,089 | $5.7M | Reduce -2.7% |
| COF Capital One Financial Corp. | 0.10% | 26,123 | $5.6M | Add +167.6% |
| XLP SS Consumer Staples Sel Sect | 0.09% | 66,557 | $5.4M | Reduce -0.3% |
| XLC SS Comm Select Sector SPDR | 0.09% | 49,077 | $5.3M | Add +1.7% |
| CARR Carrier Global Corp. | 0.09% | 71,808 | $5.3M | Reduce -0.3% |
| DE Deere & Co. | 0.09% | 10,203 | $5.2M | Reduce -9.9% |
| TRV The Travelers Cos Inc. | 0.09% | 19,354 | $5.2M | Reduce -2.5% |
| XLI SS Industrial Select Sector | 0.09% | 33,135 | $4.9M | Reduce -3.5% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -82.5% | 0.18% | −1.73 |
| FTV Fortive Corp. | Reduce -96.0% | 0.04% | −1.38 |
| MAS Masco Corp. | Reduce -94.7% | 0.01% | −0.32 |
| IYH iShares U.S. Healthcare ETF | Reduce -95.2% | 0.01% | −0.23 |
| JNJ Johnson & Johnson | Reduce -4.9% | 0.72% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.3% | 0.55% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -16.2% | 0.18% | −0.11 |
| MCD McDonald's Corp. | Reduce -1.3% | 0.51% | −0.10 |
| XLE SS Energy Select Sector | Reduce -1.5% | 0.33% | −0.08 |
| DOW Dow Inc. | Reduce -3.9% | 0.12% | −0.06 |
| MU Micron Technology Inc. | Reduce -34.8% | 0.31% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -3.2% | 0.30% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -1.3% | 0.29% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -2.7% | 0.42% | −0.04 |
| UNP Union Pacific Corp. | Reduce -3.8% | 0.19% | −0.03 |
| PEP Pepsico Inc. | Reduce -3.9% | 0.11% | −0.03 |
| AAON Aaon Inc. | Reduce -1.1% | 0.15% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -17.2% | 0.08% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -25.8% | 0.11% | −0.03 |
| SLB SLB Ltd. | Reduce -15.7% | 0.03% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -11.4% | 0.06% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.6% | 0.04% | −0.02 |
| DVY iShares Select Dividend ETF | Reduce -11.7% | 0.08% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -0.8% | 0.28% | −0.02 |
| AN Autonation Inc. | Reduce -22.6% | 0.12% | −0.02 |
| ALL Allstate Corp. | Reduce -3.1% | 0.11% | −0.02 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.02 |
| FISV Fiserv Inc. | Reduce -9.9% | 0.03% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -22.5% | 0.04% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -2.7% | 0.14% | −0.01 |
| COP Conocophillips | Reduce -9.1% | 0.03% | −0.01 |
| PGR Progressive Corp. | Reduce -2.8% | 0.06% | −0.01 |
| DE Deere & Co. | Reduce -9.9% | 0.09% | −0.01 |
| CMNIX Calamos MRKT Neu Inc. Class I | Sold out | 0.00% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.3% | 0.09% | −0.01 |
| SBUX Starbucks Corp. | Reduce -1.3% | 0.05% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -2.5% | 0.09% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -6.2% | 0.08% | −0.01 |
| KO The Coca-Cola Co. | Reduce -8.3% | 0.05% | −0.01 |
| XLB SS Materials Select Sector | Reduce -4.6% | 0.08% | −0.01 |
| XLF SS Financial Select Sector | Reduce -2.8% | 0.12% | −0.01 |
| CRM Salesforce Inc. | Reduce -43.0% | 0.01% | −0.01 |
| ZTS Zoetis Inc. | Reduce -8.0% | 0.03% | −0.01 |
| HUM Humana Inc. | Reduce -0.6% | 0.04% | −0.01 |
| ADBE Adobe Inc. | Reduce -3.6% | 0.06% | −0.01 |
| DODGX Dodge & Cox Stock-I | Reduce -12.3% | 0.04% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -5.9% | 0.24% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| ECL Ecolab Inc. | Reduce -37.6% | 0.01% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +1.3% | 8.30% | +1.48 |
| NVDA Nvidia Corp. | Add +2.6% | 5.51% | +1.45 |
| ADP Automatic Data Processing | Add +2400.0% | 1.48% | +1.42 |
| AVGO Broadcom Inc. | Add +0.4% | 3.83% | +1.28 |
| UBER Uber Technologies Inc. | Add +41.7% | 1.31% | +0.52 |
| COR Cencora Inc. | Add +61.5% | 1.10% | +0.40 |
| AMGN Amgen Inc. | Add +57.1% | 1.47% | +0.32 |
| GOOGL Alphabet Inc. Class A | Add +2.7% | 4.26% | +0.25 |
| STT State Street Corp. | Add +3.2% | 2.11% | +0.21 |
| WFC Wells Fargo & Co. | Add +17.1% | 1.30% | +0.20 |
| META Meta Platforms Inc. Class A | Add +4.4% | 1.13% | +0.20 |
| AMZN Amazon.com Inc. | Add +3.1% | 2.43% | +0.18 |
| PH Parker Hannifin Corp. | Add +3.9% | 2.08% | +0.16 |
| SMH Vaneck Semiconductor ETF | New | 0.15% | +0.15 |
| PM Philip Morris International | Add +2.5% | 1.95% | +0.12 |
| WMT Walmart Inc. | Add +3.7% | 1.94% | +0.09 |
| MS Morgan Stanley | Add +0.3% | 0.87% | +0.08 |
| COF Capital One Financial Corp. | Add +167.6% | 0.10% | +0.06 |
| IBM Intl Business Machines Corp. | Add +1.2% | 0.74% | +0.06 |
| CSCO Cisco Systems Inc. | Add +1.9% | 1.55% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +1.6% | 2.03% | +0.04 |
| NKE Nike Inc. Class B | Add +4.0% | 0.65% | +0.03 |
| AXP American Express Co. | Add +56.1% | 0.06% | +0.02 |
| XLK SS Technology Select Sector | Add +0.9% | 0.19% | +0.02 |
| TXN Texas Instruments Inc. | Add +0.2% | 0.33% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +28.1% | 0.04% | +0.01 |
| CBRE CBRE Group Inc. Class A | Add +34.1% | 0.04% | +0.01 |
| ESGU iShares ESG Aware MSCI USA | Add +6.0% | 0.13% | +0.01 |
| GE General Electric | Add +0.4% | 0.05% | +0.01 |
| ICLN iShares Global Clean Energy | Add +168.3% | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +8.7% | 0.07% | +0.01 |
| SMR Nuscale Power Corp. | New | 0.01% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.00% | +0.00 |
| SNPS Synopsys Inc. | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | New | 0.00% | +0.00 |
| FINSX Fidelity Adv NW Insghts-I | New | 0.00% | +0.00 |
| HNDL Nasdaq 7 Handl Index ETF | New | 0.00% | +0.00 |
| STX Seagate Technology Ulc | New | 0.00% | +0.00 |
| WY Weyerhaeuser Co. | New | 0.00% | +0.00 |
| OAKMX Oakmark Fund-Inv | New | 0.00% | +0.00 |
| POWERSHARES ETF TRUST | New | 0.00% | +0.00 |
| PRF Invesco Rafi US 1000 ETF | New | 0.00% | +0.00 |
| KR Kroger Co. | Add +64.2% | 0.01% | +0.00 |
| XLC SS Comm Select Sector SPDR | Add +1.7% | 0.09% | +0.00 |
| HON Honeywell International Inc. | Add +0.6% | 0.78% | +0.00 |
| GILD Gilead Sciences Inc. | Add +20.7% | 0.03% | +0.00 |
| C Citigroup Inc. | Add +31.4% | 0.01% | +0.00 |
| DHR Danaher Corp. | Add +49.7% | 0.01% | +0.00 |
| GLW Corning Inc. | Add +5.2% | 0.02% | +0.00 |
| USB US Bancorp | Add +5.4% | 0.07% | +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 |