Ferguson Wellman Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), Ferguson Wellman Capital Management, Inc. reported 358 stock positions worth $6.2 billion. Its top holding was Microsoft (MSFT) at 7.6% of the portfolio, followed by Alphabet Class A (GOOGL, 6.6%) and Apple (AAPL, 5.9%). Compared with Q3 2025, it opened 19 new positions, sold out of 17, added to 108 and reduced 166. The biggest buy was Cisco Systems (CSCO, shares +43%) and the biggest sale T-Mobile US (TMUS, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0000869353
- Portfolio Value
- $6.2B (Q4 2025)
- SEC Filing
- 0000869353-26-000001 ↗ filed Jan 13, 2026
Holdings Value
Holdings 358 stocks · $6.2B
| MSFT Microsoft Corp. | 7.60% | 980,292 | $474.1M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 6.58% | 1,311,819 | $410.6M | Reduce -5.0% |
| AAPL Apple Inc. | 5.92% | 1,359,550 | $369.6M | Add +10.4% |
| NVDA Nvidia Corp. | 5.64% | 1,885,332 | $351.6M | Add +0.3% |
| AVGO Broadcom Inc. | 3.92% | 707,330 | $244.8M | Reduce -7.5% |
| JPM JPMorgan Chase & Co. | 3.85% | 745,717 | $240.3M | Add +0.6% |
| ETR Entergy Corp. | 2.42% | 1,634,838 | $151.1M | Add +25.8% |
| ABBV Abbvie Inc. | 2.38% | 650,498 | $148.6M | Add +0.4% |
| AMZN Amazon.com Inc. | 2.37% | 640,905 | $147.9M | Add +1.3% |
| CSCO Cisco Systems Inc. | 2.33% | 1,885,691 | $145.3M | Add +43.3% |
| IVV iShares Core S&P 500 ETF | 2.22% | 202,547 | $138.7M | Add +3.7% |
| CVX Chevron Corp. | 2.19% | 898,382 | $136.9M | Add +20.0% |
| STT State Street Corp. | 2.08% | 1,008,099 | $130.1M | Reduce -11.7% |
| WMT Walmart Inc. | 2.01% | 1,126,454 | $125.5M | Add +1.0% |
| V Visa Inc. Class A | 2.01% | 357,186 | $125.3M | Add +2.0% |
| PG The Procter & Gamble Co. | 1.95% | 849,837 | $121.8M | Reduce -5.4% |
| PH Parker Hannifin Corp. | 1.77% | 125,694 | $110.5M | Add +0.6% |
| AMGN Amgen Inc. | 1.65% | 313,938 | $102.8M | Add +2.1% |
| AEP American Electric Power | 1.64% | 886,572 | $102.2M | Add +4.2% |
| HD Home Depot Inc. | 1.44% | 261,292 | $89.9M | Reduce -0.6% |
| WFC Wells Fargo & Co. | 1.44% | 964,460 | $89.9M | Add +3.1% |
| MRK Merck & Co. Inc. | 1.28% | 760,650 | $80.1M | Add +1.8% |
| PM Philip Morris International | 1.25% | 486,570 | $78.0M | Add +0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.17% | 473,572 | $72.7M | Add +0.9% |
| COR Cencora Inc. | 1.14% | 210,488 | $71.1M | Add +0.6% |
| SWPPX Schwab S&P 500 Index-Sel | 1.14% | 4,040,335 | $70.9M | Add +3.9% |
| UBER Uber Technologies Inc. | 1.07% | 817,064 | $66.8M | Add +0.9% |
| SYK Stryker Corp. | 1.04% | 184,554 | $64.9M | Add +2.5% |
| ADP Automatic Data Processing | 0.97% | 235,251 | $60.5M | Reduce -40.3% |
| MS Morgan Stanley | 0.92% | 322,333 | $57.2M | Reduce -7.8% |
| JNJ Johnson & Johnson | 0.89% | 267,509 | $55.4M | Reduce -1.0% |
| AIG American International Group | 0.86% | 626,492 | $53.6M | Add +2.6% |
| XLI SS Industrial Select Sector | 0.75% | 303,642 | $47.1M | Add +818.7% |
| INGERSOLL-RAND PLC | 0.75% | 119,885 | $46.7M | Reduce -28.8% |
| AVB Avalonbay Communities Inc. | 0.74% | 254,356 | $46.1M | Reduce -1.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.70% | 148,210 | $43.9M | Add +1.6% |
| ETN Eaton Corp. PLC | 0.70% | 136,177 | $43.4M | Reduce -10.4% |
| EMR Emerson Electric Co. | 0.63% | 296,783 | $39.4M | Add +2.1% |
| T AT&T Inc. | 0.63% | 1,584,293 | $39.4M | Add +2.2% |
| META Meta Platforms Inc. Class A | 0.63% | 59,327 | $39.2M | Reduce -33.2% |
| HON Honeywell International Inc. | 0.59% | 188,664 | $36.8M | Reduce -1.3% |
| BLK BlackRock Inc. | 0.57% | 33,411 | $35.8M | Add +2.5% |
| SCHW Schwab (charles) Corp. | 0.53% | 330,283 | $33.0M | Add +6690.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 63,267 | $31.8M | Reduce -1.1% |
| ADI Analog Devices Inc. | 0.50% | 115,940 | $31.4M | Add +0.9% |
| IYJ iShares U.S. Industrials ETF | 0.50% | 210,385 | $31.2M | Add +224.7% |
| MCD McDonald's Corp. | 0.48% | 97,699 | $29.9M | Reduce -0.4% |
| AMP Ameriprise Financial Inc. | 0.46% | 59,076 | $29.0M | Reduce -1.1% |
| MU Micron Technology Inc. | 0.46% | 100,932 | $28.8M | Reduce -33.0% |
| NKE Nike Inc. Class B | 0.46% | 450,813 | $28.7M | Reduce -28.6% |
| XOM Exxon Mobil Corp. | 0.44% | 230,470 | $27.7M | Add +2.9% |
| EWBC East West Bancorp Inc. | 0.43% | 236,712 | $26.6M | Add +2.2% |
| NRG NRG Energy Inc. | 0.42% | 166,133 | $26.5M | Add +6.5% |
| GOOG Alphabet Inc. Class C | 0.42% | 82,523 | $25.9M | Add +8.8% |
| ABT Abbott Laboratories | 0.37% | 185,900 | $23.3M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.37% | 21,503 | $23.1M | Add +2.6% |
| VZ Verizon Communications Inc. | 0.35% | 543,477 | $22.1M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.32% | 23,099 | $19.9M | Reduce -4.4% |
| KMI Kinder Morgan Inc. | 0.31% | 706,690 | $19.4M | Add +1.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.31% | 74,346 | $19.2M | Reduce -34.2% |
| XLE SS Energy Select Sector | 0.31% | 428,018 | $19.1M | Reduce -0.7% |
| LMT Lockheed Martin Corp. | 0.27% | 34,727 | $16.8M | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.24% | 87,072 | $15.1M | Reduce -1.6% |
| XLY SS Consumer Disc Select Sect | 0.24% | 126,155 | $15.1M | Add +280.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 21,654 | $14.8M | Add +7.0% |
| ITA iShares U.S. Aerospace & Def | 0.23% | 68,102 | $14.6M | Reduce -8.3% |
| IYG iShares U.S. Financial Servi | 0.22% | 150,941 | $13.9M | Reduce -1.6% |
| MET Metlife Inc. | 0.22% | 176,079 | $13.9M | Add +1.9% |
| XLP SS Consumer Staples Sel Sect | 0.22% | 177,626 | $13.8M | Add +155.3% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 22,688 | $13.1M | Reduce -7.2% |
| AAON Aaon Inc. | 0.21% | 171,376 | $13.1M | Add +45.3% |
| XLK SS Technology Select Sector | 0.20% | 84,790 | $12.2M | Add +0.1% |
| CAT Caterpillar Inc. | 0.19% | 20,618 | $11.8M | Reduce -1.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 24,301 | $11.4M | Reduce -78.7% |
| MDT Medtronic PLC | 0.18% | 117,846 | $11.3M | Add +2.1% |
| TSLA Tesla Inc. | 0.18% | 24,428 | $11.0M | Reduce -1.4% |
| SMH Vaneck Semiconductor ETF | 0.17% | 29,833 | $10.7M | Reduce -1.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 30,946 | $10.4M | Add +5.8% |
| UNP Union Pacific Corp. | 0.17% | 44,573 | $10.3M | Add +0.7% |
| INTU Intuit Inc. | 0.15% | 13,933 | $9.2M | Add +1.7% |
| ESGU iShares ESG Aware MSCI USA | 0.14% | 60,289 | $9.0M | Add +4.8% |
| UNH Unitedhealth Group Inc. | 0.14% | 26,929 | $8.9M | Reduce -4.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 14,365 | $8.8M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.13% | 14,610 | $8.3M | Add +0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 10 | $7.5M | No change |
| VFIAX Vanguard 500 Index-Adm | 0.12% | 11,924 | $7.5M | Add +25.4% |
| MSI Motorola Solutions Inc. | 0.11% | 18,268 | $7.0M | Reduce -83.3% |
| PEP Pepsico Inc. | 0.11% | 47,984 | $6.9M | Reduce -4.1% |
| XLF SS Financial Select Sector | 0.11% | 124,091 | $6.8M | Reduce -0.1% |
| AN Autonation Inc. | 0.11% | 31,764 | $6.6M | Reduce -2.0% |
| ITOT iShares Core S&P Total U.S. | 0.10% | 43,899 | $6.5M | No change |
| ALL Allstate Corp. | 0.10% | 30,460 | $6.3M | Reduce -2.1% |
| COF Capital One Financial Corp. | 0.10% | 24,520 | $5.9M | Reduce -4.4% |
| IYC iShares US Consumer Discreti | 0.09% | 57,118 | $5.9M | Add +0.3% |
| XLC SS Comm Select Sector SPDR | 0.09% | 49,743 | $5.9M | Add +1.3% |
| IWD iShares Russell 1000 Value E | 0.09% | 26,389 | $5.6M | Add +20.6% |
| TRV The Travelers Cos Inc. | 0.09% | 18,535 | $5.4M | Reduce -3.8% |
| RTX RTX Corp. | 0.08% | 28,577 | $5.2M | Add +0.3% |
| IYW iShares Ustechnology ETF | 0.08% | 25,743 | $5.1M | Reduce -1.5% |
| AVY Avery Dennison Corp. | 0.08% | 27,018 | $4.9M | Reduce -10.0% |
Portfolio Sells Q3 2025 → Q4 2025
| TMUS T-Mobile US Inc. | Reduce -95.9% | 0.04% | −0.99 |
| ADP Automatic Data Processing | Reduce -40.3% | 0.97% | −0.90 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -78.7% | 0.18% | −0.73 |
| MSI Motorola Solutions Inc. | Reduce -83.3% | 0.11% | −0.70 |
| BRO Brown & Brown Inc. | Reduce -98.0% | 0.01% | −0.48 |
| META Meta Platforms Inc. Class A | Reduce -33.2% | 0.63% | −0.43 |
| INGERSOLL-RAND PLC | Reduce -28.8% | 0.75% | −0.40 |
| ACN Accenture PLC Class A | Reduce -92.1% | 0.03% | −0.31 |
| PG The Procter & Gamble Co. | Reduce -5.4% | 1.95% | −0.29 |
| HD Home Depot Inc. | Reduce -0.6% | 1.44% | −0.29 |
| AJG Arthur J Gallagher & Co. | Reduce -34.2% | 0.31% | −0.26 |
| NKE Nike Inc. Class B | Reduce -28.6% | 0.46% | −0.25 |
| ETN Eaton Corp. PLC | Reduce -10.4% | 0.70% | −0.23 |
| AVGO Broadcom Inc. | Reduce -7.5% | 3.92% | −0.17 |
| AVB Avalonbay Communities Inc. | Reduce -1.0% | 0.74% | −0.07 |
| STT State Street Corp. | Reduce -11.7% | 2.08% | −0.06 |
| HON Honeywell International Inc. | Reduce -1.3% | 0.59% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -4.4% | 0.32% | −0.04 |
| ABT Abbott Laboratories | Reduce -0.2% | 0.37% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -24.0% | 0.06% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -1.6% | 0.24% | −0.02 |
| ITA iShares U.S. Aerospace & Def | Reduce -8.3% | 0.23% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -4.9% | 0.14% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -1.0% | 0.27% | −0.01 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 0.51% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -1.1% | 0.46% | −0.01 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.03% | −0.01 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.01 |
| CARR Carrier Global Corp. | Reduce -2.4% | 0.06% | −0.01 |
| AN Autonation Inc. | Reduce -2.0% | 0.11% | −0.01 |
| HSY The Hershey Co. | Reduce -42.3% | 0.01% | −0.01 |
| DE Deere & Co. | Reduce -14.3% | 0.06% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -14.2% | 0.02% | −0.01 |
| VLTO Veralto Corp. | Reduce -41.3% | 0.01% | −0.01 |
| JENYX Jensen Quality Growth-Y | Sold out | 0.00% | −0.01 |
| PPG PPG Industries Inc. | Reduce -28.3% | 0.02% | −0.01 |
| KO The Coca-Cola Co. | Reduce -21.0% | 0.03% | −0.01 |
| PAVE Global X US Infrastructure | Sold out | 0.00% | −0.01 |
| ALL Allstate Corp. | Reduce -2.1% | 0.10% | −0.01 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | Reduce -46.9% | 0.01% | −0.01 |
| ZTS Zoetis Inc. | Reduce -12.4% | 0.02% | −0.01 |
| XLE SS Energy Select Sector | Reduce -0.7% | 0.31% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -54.0% | 0.00% | −0.01 |
| DVY iShares Select Dividend ETF | Reduce -5.2% | 0.07% | −0.01 |
| NFLX Netflix Inc. | Reduce -12.0% | 0.01% | −0.01 |
| XLB SS Materials Select Sector | Reduce -7.7% | 0.06% | −0.01 |
| USB US Bancorp | Reduce -15.8% | 0.06% | −0.01 |
| KEYS Keysight Technologies Inc. | Reduce -28.7% | 0.02% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -20.8% | 0.01% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| CSCO Cisco Systems Inc. | Add +43.3% | 2.33% | +0.87 |
| AAPL Apple Inc. | Add +10.4% | 5.92% | +0.84 |
| XLI SS Industrial Select Sector | Add +818.7% | 0.75% | +0.67 |
| SCHW Schwab (charles) Corp. | Add +6690.4% | 0.53% | +0.52 |
| ETR Entergy Corp. | Add +25.8% | 2.42% | +0.46 |
| IYJ iShares U.S. Industrials ETF | Add +224.7% | 0.50% | +0.35 |
| CVX Chevron Corp. | Add +20.0% | 2.19% | +0.31 |
| MRK Merck & Co. Inc. | Add +1.8% | 1.28% | +0.27 |
| AMGN Amgen Inc. | Add +2.1% | 1.65% | +0.24 |
| PH Parker Hannifin Corp. | Add +0.6% | 1.77% | +0.23 |
| XLY SS Consumer Disc Select Sect | Add +280.8% | 0.24% | +0.18 |
| WFC Wells Fargo & Co. | Add +3.1% | 1.44% | +0.17 |
| WMT Walmart Inc. | Add +1.0% | 2.01% | +0.15 |
| XLP SS Consumer Staples Sel Sect | Add +155.3% | 0.22% | +0.13 |
| AMZN Amazon.com Inc. | Add +1.3% | 2.37% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +8.8% | 0.42% | +0.12 |
| LLY Eli Lilly & Co. | Add +2.6% | 0.37% | +0.11 |
| IVV iShares Core S&P 500 ETF | Add +3.7% | 2.22% | +0.10 |
| AEP American Electric Power | Add +4.2% | 1.64% | +0.09 |
| AIG American International Group | Add +2.6% | 0.86% | +0.08 |
| COR Cencora Inc. | Add +0.6% | 1.14% | +0.08 |
| V Visa Inc. Class A | Add +2.0% | 2.01% | +0.07 |
| TJX TJX Companies Inc. | Add +0.9% | 1.17% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 3.85% | +0.06 |
| SWPPX Schwab S&P 500 Index-Sel | Add +3.9% | 1.14% | +0.05 |
| ADI Analog Devices Inc. | Add +0.9% | 0.50% | +0.05 |
| IBM Intl Business Machines Corp. | Add +1.6% | 0.70% | +0.04 |
| XOM Exxon Mobil Corp. | Add +2.9% | 0.44% | +0.03 |
| SCHX Schwab US Large-Cap ETF | Add +176.3% | 0.05% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +245.3% | 0.05% | +0.03 |
| AAON Aaon Inc. | Add +45.3% | 0.21% | +0.03 |
| EWBC East West Bancorp Inc. | Add +2.2% | 0.43% | +0.03 |
| VFIAX Vanguard 500 Index-Adm | Add +25.4% | 0.12% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.0% | 0.24% | +0.02 |
| QCOM Qualcomm Inc. | Add +49.6% | 0.05% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +20.6% | 0.09% | +0.02 |
| NRG NRG Energy Inc. | Add +6.5% | 0.42% | +0.01 |
| EMR Emerson Electric Co. | Add +2.1% | 0.63% | +0.01 |
| FXAIX Fidelity 500 Index Fund | Add +33.3% | 0.05% | +0.01 |
| LRCX Lam Research Corp. | Add +39.6% | 0.03% | +0.01 |
| GARIX Gotham Absolute Return-Inst | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.8% | 0.17% | +0.01 |
| TORIX Tortoise Energy Infrastructu | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +21.9% | 0.05% | +0.01 |
| ESGU iShares ESG Aware MSCI USA | Add +4.8% | 0.14% | +0.01 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.01% | +0.01 |
| PFUIX PIMCO Intl BND Unhdg-Inst | New | 0.01% | +0.01 |
| RTX RTX Corp. | Add +0.3% | 0.08% | +0.01 |
| AFL Aflac Inc. | New | 0.01% | +0.01 |
| GLIFX Lazard GLBL LSTD Infra-Inst | New | 0.01% | +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 |