Ferguson Wellman Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Ferguson Wellman Capital Management, Inc. reported 354 stock positions worth $6.2 billion. Its top holding was Microsoft (MSFT) at 8.2% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Alphabet Class A (GOOGL, 5.4%). Compared with Q2 2025, it opened 32 new positions, sold out of 18, added to 130 and reduced 126. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Veralto (VLTO, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0000869353
- Portfolio Value
- $6.2B (Q3 2025)
- SEC Filing
- 0000869353-25-000009 ↗ filed Oct 23, 2025
Holdings Value
Holdings 354 stocks · $6.2B
| MSFT Microsoft Corp. | 8.15% | 970,302 | $502.6M | Add +2.3% |
| NVDA Nvidia Corp. | 5.69% | 1,880,340 | $350.8M | Reduce -5.2% |
| GOOGL Alphabet Inc. Class A | 5.44% | 1,380,271 | $335.5M | Add +0.5% |
| AAPL Apple Inc. | 5.09% | 1,231,595 | $313.6M | Reduce -1.1% |
| AVGO Broadcom Inc. | 4.09% | 765,003 | $252.4M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 3.79% | 741,452 | $233.9M | Reduce -2.7% |
| ABBV Abbvie Inc. | 2.43% | 647,685 | $150.0M | Add +0.5% |
| AMZN Amazon.com Inc. | 2.25% | 633,013 | $139.0M | Add +0.6% |
| PG The Procter & Gamble Co. | 2.24% | 898,200 | $138.0M | Add +0.8% |
| STT State Street Corp. | 2.15% | 1,141,261 | $132.4M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 2.12% | 195,292 | $130.7M | Add +5.1% |
| ETR Entergy Corp. | 1.96% | 1,299,428 | $121.1M | Add +5.2% |
| V Visa Inc. Class A | 1.94% | 350,024 | $119.5M | Add +0.1% |
| CVX Chevron Corp. | 1.89% | 748,423 | $116.2M | Add +0.6% |
| ADP Automatic Data Processing | 1.87% | 393,750 | $115.6M | Add +44.2% |
| WMT Walmart Inc. | 1.87% | 1,115,714 | $115.0M | Reduce -1.1% |
| HD Home Depot Inc. | 1.73% | 262,834 | $106.5M | Reduce -1.4% |
| AEP American Electric Power | 1.55% | 851,281 | $95.8M | Add +52.1% |
| PH Parker Hannifin Corp. | 1.54% | 124,908 | $94.7M | Reduce -26.0% |
| CSCO Cisco Systems Inc. | 1.46% | 1,316,012 | $90.0M | Add +4.0% |
| AMGN Amgen Inc. | 1.41% | 307,566 | $86.8M | Add +2.7% |
| UBER Uber Technologies Inc. | 1.29% | 809,836 | $79.3M | Add +1.3% |
| WFC Wells Fargo & Co. | 1.27% | 935,821 | $78.4M | Add +1.3% |
| PM Philip Morris International | 1.27% | 482,127 | $78.2M | Reduce -20.6% |
| INGERSOLL-RAND PLC | 1.15% | 168,355 | $71.0M | Add +3112.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.10% | 469,253 | $67.8M | Reduce -25.0% |
| SWPPX Schwab S&P 500 Index-Sel | 1.09% | 3,889,038 | $67.2M | Add +0.3% |
| SYK Stryker Corp. | 1.08% | 180,039 | $66.6M | Add +0.8% |
| COR Cencora Inc. | 1.06% | 209,249 | $65.4M | Add +0.3% |
| META Meta Platforms Inc. Class A | 1.06% | 88,847 | $65.2M | Add +2.1% |
| TMUS T-Mobile US Inc. | 1.03% | 265,073 | $63.5M | Add +0.7% |
| MRK Merck & Co. Inc. | 1.02% | 747,581 | $62.7M | Reduce -1.0% |
| ETN Eaton Corp. PLC | 0.92% | 151,930 | $56.9M | Reduce -1.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.91% | 114,289 | $56.0M | Reduce -0.4% |
| MS Morgan Stanley | 0.90% | 349,720 | $55.6M | Reduce -0.0% |
| JNJ Johnson & Johnson | 0.81% | 270,180 | $50.1M | Add +0.6% |
| MSI Motorola Solutions Inc. | 0.81% | 109,207 | $49.9M | Reduce -0.1% |
| AVB Avalonbay Communities Inc. | 0.81% | 257,035 | $49.7M | Add +0.3% |
| AIG American International Group | 0.78% | 610,303 | $47.9M | Add +0.3% |
| NKE Nike Inc. Class B | 0.71% | 631,564 | $44.0M | Add +21.2% |
| T AT&T Inc. | 0.71% | 1,550,679 | $43.8M | Add +2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.67% | 145,815 | $41.1M | Add +1.9% |
| HON Honeywell International Inc. | 0.65% | 191,187 | $40.2M | Add +0.5% |
| EMR Emerson Electric Co. | 0.62% | 290,611 | $38.1M | Add +2.2% |
| BLK BlackRock Inc. | 0.62% | 32,602 | $38.0M | Add +1.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.57% | 112,921 | $35.0M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 63,979 | $32.2M | Add +0.2% |
| BRO Brown & Brown Inc. | 0.48% | 318,755 | $29.9M | Reduce -0.3% |
| MCD McDonald's Corp. | 0.48% | 98,080 | $29.8M | Reduce -0.8% |
| AMP Ameriprise Financial Inc. | 0.48% | 59,764 | $29.4M | Reduce -0.0% |
| ADI Analog Devices Inc. | 0.46% | 114,891 | $28.2M | Reduce -0.9% |
| NRG NRG Energy Inc. | 0.41% | 156,021 | $25.3M | New |
| XOM Exxon Mobil Corp. | 0.41% | 224,001 | $25.3M | Add +1.8% |
| MU Micron Technology Inc. | 0.41% | 150,593 | $25.2M | Add +5.5% |
| ABT Abbott Laboratories | 0.40% | 186,305 | $25.0M | Reduce -21.6% |
| EWBC East West Bancorp Inc. | 0.40% | 231,701 | $24.7M | Add +2.5% |
| VZ Verizon Communications Inc. | 0.39% | 541,325 | $23.8M | Add +36.7% |
| COST Costco Wholesale Corp. | 0.36% | 24,164 | $22.4M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.34% | 84,430 | $20.8M | Add +1408.2% |
| KMI Kinder Morgan Inc. | 0.32% | 695,791 | $19.7M | Add +2.8% |
| XLE SS Energy Select Sector | 0.31% | 215,610 | $19.3M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 0.30% | 75,846 | $18.5M | Reduce -1.1% |
| LMT Lockheed Martin Corp. | 0.28% | 35,078 | $17.5M | Add +2.3% |
| TXN Texas Instruments Inc. | 0.26% | 88,445 | $16.2M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.26% | 20,954 | $16.0M | Add +0.7% |
| ITA iShares U.S. Aerospace & Def | 0.25% | 74,255 | $15.5M | Reduce -7.2% |
| MET Metlife Inc. | 0.23% | 172,727 | $14.2M | Add +0.8% |
| IYG iShares U.S. Financial Servi | 0.22% | 153,351 | $13.7M | Reduce -2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 20,245 | $13.5M | Add +0.8% |
| XLK SS Technology Select Sector | 0.19% | 42,339 | $11.9M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 24,446 | $11.9M | Reduce -2.5% |
| TSLA Tesla Inc. | 0.18% | 24,788 | $11.0M | Reduce -3.8% |
| AAON Aaon Inc. | 0.18% | 117,975 | $11.0M | Reduce -0.3% |
| MDT Medtronic PLC | 0.18% | 115,393 | $11.0M | Add +2.1% |
| UNP Union Pacific Corp. | 0.17% | 44,283 | $10.5M | Reduce -6.2% |
| CAT Caterpillar Inc. | 0.16% | 20,947 | $10.0M | Add +1.4% |
| SMH Vaneck Semiconductor ETF | 0.16% | 30,161 | $9.8M | Reduce -1.2% |
| UNH Unitedhealth Group Inc. | 0.16% | 28,314 | $9.8M | Reduce -14.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 29,243 | $9.6M | Reduce -0.8% |
| IYJ iShares U.S. Industrials ETF | 0.15% | 64,800 | $9.5M | Reduce -1.8% |
| INTU Intuit Inc. | 0.15% | 13,698 | $9.4M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 14,482 | $8.7M | Add +4.0% |
| ESGU iShares ESG Aware MSCI USA | 0.14% | 57,526 | $8.4M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.13% | 14,504 | $8.3M | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 10 | $7.5M | No change |
| AN Autonation Inc. | 0.12% | 32,410 | $7.1M | Reduce -8.3% |
| PEP Pepsico Inc. | 0.11% | 50,029 | $7.0M | Add +6.3% |
| XLF SS Financial Select Sector | 0.11% | 124,244 | $6.7M | Reduce -1.3% |
| ALL Allstate Corp. | 0.11% | 31,108 | $6.7M | Add +1.3% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 43,899 | $6.4M | Reduce -0.1% |
| IYC iShares US Consumer Discreti | 0.10% | 56,969 | $6.0M | Reduce -0.2% |
| VFIAX Vanguard 500 Index-Adm | 0.10% | 9,506 | $5.9M | Reduce -24.1% |
| XLC SS Comm Select Sector SPDR | 0.09% | 49,121 | $5.8M | Add +0.1% |
| COF Capital One Financial Corp. | 0.09% | 25,659 | $5.5M | Reduce -1.8% |
| XLP SS Consumer Staples Sel Sect | 0.09% | 69,587 | $5.5M | Add +4.5% |
| TRV The Travelers Cos Inc. | 0.09% | 19,274 | $5.4M | Reduce -0.4% |
| PANW Palo Alto Networks Inc. | 0.08% | 25,159 | $5.1M | Reduce -16.4% |
| IYW iShares Ustechnology ETF | 0.08% | 26,133 | $5.1M | Reduce -0.5% |
| XLI SS Industrial Select Sector | 0.08% | 33,051 | $5.1M | Reduce -0.3% |
| AVY Avery Dennison Corp. | 0.08% | 30,009 | $4.9M | Reduce -79.3% |
Portfolio Sells Q2 2025 → Q3 2025
| VLTO Veralto Corp. | Reduce -97.5% | 0.02% | −0.79 |
| PM Philip Morris International | Reduce -20.6% | 1.27% | −0.68 |
| PH Parker Hannifin Corp. | Reduce -26.0% | 1.54% | −0.54 |
| AVY Avery Dennison Corp. | Reduce -79.3% | 0.08% | −0.37 |
| TJX TJX Companies Inc. | Reduce -25.0% | 1.10% | −0.26 |
| ABT Abbott Laboratories | Reduce -21.6% | 0.40% | −0.16 |
| BRO Brown & Brown Inc. | Reduce -0.3% | 0.48% | −0.14 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.4% | 0.91% | −0.12 |
| DOW Dow Inc. | Sold out | 0.00% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -2.7% | 3.79% | −0.09 |
| AMP Ameriprise Financial Inc. | Reduce -0.0% | 0.48% | −0.09 |
| WMT Walmart Inc. | Reduce -1.1% | 1.87% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -0.9% | 0.36% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -0.7% | 0.26% | −0.06 |
| ETN Eaton Corp. PLC | Reduce -1.1% | 0.92% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -1.0% | 1.02% | −0.03 |
| FTV Fortive Corp. | Reduce -88.0% | 0.00% | −0.03 |
| VFIAX Vanguard 500 Index-Adm | Reduce -24.1% | 0.10% | −0.03 |
| ADI Analog Devices Inc. | Reduce -0.9% | 0.46% | −0.03 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -16.4% | 0.08% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.8% | 0.48% | −0.03 |
| CARR Carrier Global Corp. | Reduce -0.4% | 0.07% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -14.4% | 0.16% | −0.02 |
| UNP Union Pacific Corp. | Reduce -6.2% | 0.17% | −0.02 |
| DE Deere & Co. | Reduce -7.1% | 0.07% | −0.02 |
| NOW ServiceNow Inc. | Reduce -36.2% | 0.02% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -19.9% | 0.06% | −0.01 |
| VOYA Voya Financial Inc. | Sold out | 0.00% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -19.1% | 0.06% | −0.01 |
| ITA iShares U.S. Aerospace & Def | Reduce -7.2% | 0.25% | −0.01 |
| IYG iShares U.S. Financial Servi | Reduce -2.2% | 0.22% | −0.01 |
| XLE SS Energy Select Sector | Reduce -1.1% | 0.31% | −0.01 |
| IYJ iShares U.S. Industrials ETF | Reduce -1.8% | 0.15% | −0.01 |
| SLB SLB Ltd. | Reduce -27.4% | 0.02% | −0.01 |
| SBUX Starbucks Corp. | Reduce -3.1% | 0.05% | −0.01 |
| ZTS Zoetis Inc. | Reduce -16.7% | 0.02% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -11.3% | 0.05% | −0.01 |
| COF Capital One Financial Corp. | Reduce -1.8% | 0.09% | −0.01 |
| KMPR Kemper Corp. | Sold out | 0.00% | −0.01 |
| VHCIX Vanguard Health Care Idx-Adm | Sold out | 0.00% | −0.01 |
| WAT Waters Corp. | Reduce -22.2% | 0.01% | −0.01 |
| AN Autonation Inc. | Reduce -8.3% | 0.12% | −0.01 |
| XLB SS Materials Select Sector | Reduce -4.9% | 0.07% | −0.01 |
| MNST Monster Beverage Corp. | Reduce -56.6% | 0.01% | −0.01 |
| XLF SS Financial Select Sector | Reduce -1.3% | 0.11% | −0.01 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.01 |
| PPG PPG Industries Inc. | Reduce -6.8% | 0.03% | −0.01 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.01 |
| JCI Johnson Controls Internation | Reduce -15.7% | 0.03% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +0.5% | 5.44% | +1.18 |
| INGERSOLL-RAND PLC | Add +3112.3% | 1.15% | +1.11 |
| AEP American Electric Power | Add +52.1% | 1.55% | +0.53 |
| NRG NRG Energy Inc. | New | 0.41% | +0.41 |
| ADP Automatic Data Processing | Add +44.2% | 1.87% | +0.39 |
| ABBV Abbvie Inc. | Add +0.5% | 2.43% | +0.33 |
| ACN Accenture PLC Class A | Add +1408.2% | 0.34% | +0.31 |
| ETR Entergy Corp. | Add +5.2% | 1.96% | +0.16 |
| MU Micron Technology Inc. | Add +5.5% | 0.41% | +0.10 |
| JNJ Johnson & Johnson | Add +0.6% | 0.81% | +0.09 |
| IVV iShares Core S&P 500 ETF | Add +5.1% | 2.12% | +0.09 |
| VZ Verizon Communications Inc. | Add +36.7% | 0.39% | +0.08 |
| NKE Nike Inc. Class B | Add +21.2% | 0.71% | +0.06 |
| STT State Street Corp. | Add +1.3% | 2.15% | +0.04 |
| BLK BlackRock Inc. | Add +1.5% | 0.62% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +194.1% | 0.03% | +0.02 |
| CAT Caterpillar Inc. | Add +1.4% | 0.16% | +0.02 |
| PRBLX Parnassus Core Equity-Inv | New | 0.02% | +0.02 |
| XYL Xylem Inc. | New | 0.02% | +0.02 |
| MCHP Microchip Technology Inc. | New | 0.01% | +0.01 |
| CLX Clorox Company | New | 0.01% | +0.01 |
| ROK Rockwell Automation Inc. | New | 0.01% | +0.01 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | New | 0.01% | +0.01 |
| SPXL Direxion Daily S&P 500 Bull | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +0.6% | 1.89% | +0.01 |
| DOV Dover Corp. | New | 0.01% | +0.01 |
| VWENX Vanguard Wellington-Adm | New | 0.01% | +0.01 |
| FAS Dirx DLY Finacial B3X ETF-Ui | New | 0.01% | +0.01 |
| RTX RTX Corp. | Add +4.7% | 0.08% | +0.01 |
| ORCL Oracle Corp. | Add +5.2% | 0.04% | +0.01 |
| PAVE Global X US Infrastructure | New | 0.01% | +0.01 |
| PSI Invesco Semiconductors ETF | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.0% | 0.14% | +0.01 |
| SOXX iShares Semiconductor ETF | New | 0.01% | +0.01 |
| MDT Medtronic PLC | Add +2.1% | 0.18% | +0.00 |
| ANET Arista Networks Inc. | New | 0.00% | +0.00 |
| LIN Linde PLC | New | 0.00% | +0.00 |
| JABAX Janus Hndrsn Balanced-T | New | 0.00% | +0.00 |
| MCK McKesson Corp. | New | 0.00% | +0.00 |
| PEP Pepsico Inc. | Add +6.3% | 0.11% | +0.00 |
| LMT Lockheed Martin Corp. | Add +2.3% | 0.28% | +0.00 |
| NRAAX Neuber Quality Equity Fund-A | New | 0.00% | +0.00 |
| SYY Sysco Corp. | New | 0.00% | +0.00 |
| TWCGX Amer Cent Grwth-Inv | New | 0.00% | +0.00 |
| GE General Electric | Add +0.2% | 0.06% | +0.00 |
| BNY Bank of New York Mellon Corp. | Add +0.4% | 0.04% | +0.00 |
| BDX Becton Dickinson and Co. | Add +63.3% | 0.01% | +0.00 |
| VLO Valero Energy Corp. | New | 0.00% | +0.00 |
| TWCUX American Century Ultra-Inv | New | 0.00% | +0.00 |
| IIIV I3 Verticals Inc. Class A | 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 |