Franklin Street Advisors Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Franklin Street Advisors Inc. reported 169 stock positions worth $1.7 billion. Its top holding was Nvidia (NVDA) at 7.6% of the portfolio, followed by Microsoft (MSFT, 6.6%) and Apple (AAPL, 6.4%). Compared with Q2 2025, it opened 8 new positions, sold out of 12, added to 42 and reduced 64. The biggest buy was Thermo Fisher Scientific (TMO, shares +542%) and the biggest sale an exit from Intuitive Surgical (ISRG).

Most Recent 13F
Q2 2026
Location
CHAPEL HILL, NC
CIK
0001010873
Portfolio Value
$1.7B (Q3 2025)
SEC Filing
0001010873-25-000007 ↗ filed Oct 9, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B $1.7B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 169 stocks · $1.7B
NVDA Nvidia Corp. 7.61% 708,328 $132.2M Reduce -6.7%
MSFT Microsoft Corp. 6.64% 222,393 $115.2M Reduce -0.5%
AAPL Apple Inc. 6.36% 433,509 $110.4M Add +0.0%
GOOG Alphabet Inc. Class C 4.84% 344,863 $84.0M Add +2.0%
AMZN Amazon.com Inc. 4.17% 330,043 $72.5M Add +9.8%
META Meta Platforms Inc. Class A 3.52% 83,171 $61.1M Reduce -0.3%
AVGO Broadcom Inc. 3.50% 184,394 $60.8M Reduce -7.7%
TMO Thermo Fisher Scientific Inc. 2.91% 104,094 $50.5M Add +541.7%
ORCL Oracle Corp. 2.79% 172,038 $48.4M Reduce -7.0%
JPM JPMorgan Chase & Co. 2.66% 146,551 $46.2M Add +0.6%
GS Goldman Sachs Group Inc. 2.51% 54,752 $43.6M Add +1.7%
CG The Carlyle Group Inc. 2.43% 672,815 $42.2M Add +1.0%
ABBV Abbvie Inc. 2.38% 178,664 $41.4M Add +3.2%
DASH DoorDash Inc. Class A 2.28% 145,214 $39.5M Reduce -2.2%
BLK BlackRock Inc. 2.26% 33,630 $39.2M Add +0.3%
RTX RTX Corp. 1.98% 205,290 $34.4M Reduce -0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.84% 221,468 $32.0M Add +9.6%
CME Cme Group Inc. 1.76% 113,310 $30.6M Reduce -3.8%
ETN Eaton Corp. PLC 1.70% 79,073 $29.6M Add +5.8%
AXP American Express Co. 1.62% 84,483 $28.1M No change
PEP Pepsico Inc. 1.58% 194,722 $27.3M Add +3459.2%
PANW Palo Alto Networks Inc. 1.55% 132,181 $26.9M Add +28.5%
LIN Linde PLC 1.48% 54,001 $25.7M Add +0.7%
AFL Aflac Inc. 1.44% 224,168 $25.0M Reduce -2.6%
BRK.B Berkshire Hathaway Inc. Class B 1.43% 49,356 $24.8M Reduce -0.5%
CTAS Cintas Corp. 1.41% 119,661 $24.6M Add +1.0%
MLM Martin Marietta Materials 1.39% 38,292 $24.1M Add +1.1%
IDXX Idexx Laboratories Inc. 1.35% 36,714 $23.5M Add +4.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.29% 196,296 $22.5M Reduce -9.4%
BMY Bristol-Myers Squibb Co. 1.21% 467,160 $21.1M Reduce -1.2%
COST Costco Wholesale Corp. 1.12% 21,019 $19.5M Reduce -6.3%
WMT Walmart Inc. 1.10% 185,421 $19.1M Reduce -0.8%
XOM Exxon Mobil Corp. 0.99% 153,079 $17.3M Add +4.8%
ZTS Zoetis Inc. 0.95% 112,773 $16.5M Add +5.7%
LOW Lowe's Cos Inc. 0.91% 63,025 $15.8M Add +123.7%
LNG Cheniere Energy Inc. 0.89% 65,484 $15.4M Add +6.0%
SPOT Spotify Technology SA 0.89% 22,029 $15.4M New
ARM Arm Holdings PLC-ADR 0.87% 106,540 $15.1M Add +0.8%
CMI Cummins Inc. 0.86% 35,344 $14.9M Add +2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.79% 48,532 $13.7M Add +1.7%
ENB Enbridge Inc. 0.69% 237,236 $12.0M Add +2.5%
QCOM Qualcomm Inc. 0.68% 70,495 $11.7M Reduce -0.9%
CSCO Cisco Systems Inc. 0.59% 150,029 $10.3M Add +93.0%
DLR Digital Realty Trust Inc. 0.56% 56,154 $9.7M Reduce -11.8%
PG The Procter & Gamble Co. 0.49% 55,628 $8.5M Reduce -12.4%
GOOGL Alphabet Inc. Class A 0.41% 29,601 $7.2M Reduce -0.5%
EVRG Evergy Inc. 0.40% 90,540 $6.9M Add +3.3%
MCD McDonald's Corp. 0.36% 20,657 $6.3M Add +11.9%
MDT Medtronic PLC 0.28% 51,871 $4.9M Add +2.7%
VZ Verizon Communications Inc. 0.28% 109,930 $4.8M Reduce -28.8%
ADBE Adobe Inc. 0.26% 12,966 $4.6M Reduce -0.6%
MS Morgan Stanley 0.23% 25,000 $4.0M No change
CBOE Cboe Global Markets Inc. 0.22% 15,828 $3.9M No change
EMR Emerson Electric Co. 0.22% 28,797 $3.8M Add +1.0%
TXN Texas Instruments Inc. 0.21% 20,293 $3.7M No change
JNJ Johnson & Johnson 0.21% 19,246 $3.6M Reduce -2.9%
IEX Idex Corp. 0.19% 20,125 $3.3M Reduce -16.6%
DUK Duke Energy Corp. 0.18% 25,557 $3.2M Reduce -1.0%
WFC Wells Fargo & Co. 0.18% 37,606 $3.2M Reduce -11.7%
CAT Caterpillar Inc. 0.17% 6,071 $2.9M Reduce -4.7%
CVX Chevron Corp. 0.16% 18,100 $2.8M Reduce -0.7%
RY Royal Bank of Canada 0.14% 16,030 $2.4M No change
KKR KKR & Co. Inc. 0.13% 17,547 $2.3M No change
DVY iShares Select Dividend ETF 0.13% 16,000 $2.3M No change
MRK Merck & Co. Inc. 0.12% 25,328 $2.1M Reduce -15.2%
GD General Dynamics Corp. 0.11% 5,850 $2.0M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.11% 22,754 $2.0M No change
HD Home Depot Inc. 0.09% 3,810 $1.5M Reduce -83.5%
HON Honeywell International Inc. 0.09% 7,192 $1.5M Reduce -0.9%
NSC Norfolk Southern Corp. 0.09% 5,000 $1.5M Reduce -55.4%
ETW Eaton Vance T/M GLBL Buy-WR 0.08% 150,334 $1.4M No change
MO Altria Group Inc. 0.07% 19,119 $1.3M Reduce -2.4%
SCHW Schwab (charles) Corp. 0.07% 13,010 $1.2M Reduce -0.4%
PFE Pfizer Inc. 0.07% 46,331 $1.2M Reduce -15.5%
PM Philip Morris International 0.07% 7,149 $1.2M Add +1.6%
BX Blackstone Inc. 0.07% 6,705 $1.1M Add +9.6%
WM Waste Management Inc. 0.07% 5,167 $1.1M Reduce -8.4%
ABT Abbott Laboratories 0.06% 8,245 $1.1M Reduce -15.9%
SUPN Supernus Pharmaceuticals Inc. 0.06% 20,000 $956K No change
VIS Vanguard Industrials ETF 0.05% 3,157 $935K No change
NEE Nextera Energy Inc. 0.05% 12,281 $927K Add +0.9%
SYK Stryker Corp. 0.05% 2,447 $905K Add +2.2%
AMGN Amgen Inc. 0.05% 3,172 $895K Reduce -6.1%
GILD Gilead Sciences Inc. 0.05% 7,452 $827K Reduce -1.3%
T AT&T Inc. 0.05% 28,965 $818K Reduce -3.5%
SBR Sabine Royalty Trust 0.05% 10,081 $801K No change
ECL Ecolab Inc. 0.05% 2,918 $799K Reduce -6.1%
PTGX Protagonist Therapeutics Inc. 0.04% 11,300 $751K No change
DKNG Draftkings Inc. Class A 0.04% 20,000 $748K No change
SO The Southern Co. 0.04% 7,783 $738K Add +10.6%
TRV The Travelers Cos Inc. 0.04% 2,479 $692K Reduce -3.9%
MDLZ Mondelez International Inc. Class A 0.04% 10,921 $682K Add +15.9%
EWT iShares MSCI Taiwan ETF 0.04% 10,000 $636K No change
NFLX Netflix Inc. 0.04% 525 $629K Add +0.8%
AMAT Applied Materials Inc. 0.04% 3,026 $620K Reduce -9.0%
UNH Unitedhealth Group Inc. 0.03% 1,731 $598K Reduce -12.4%
LLY Eli Lilly & Co. 0.03% 778 $594K Reduce -96.7%
FERG Ferguson Enterprises Inc. 0.03% 2,593 $582K No change
BKNG Booking Holdings Inc. 0.03% 106 $572K No change
HUN Huntsman Corp. 0.03% 62,500 $561K No change
ADP Automatic Data Processing 0.03% 1,817 $533K Add +1.1%
KO The Coca-Cola Co. 0.03% 7,991 $530K Reduce -90.1%
DXCM Dexcom Inc. 0.03% 7,860 $529K No change
AEP American Electric Power 0.03% 4,510 $507K Reduce -18.1%
SLF Sun Life Financial Inc. 0.03% 8,400 $504K No change
CALL (AXSM) AXSOME THERAPEUTIC 0.03% 100 $503K New
TFC Truist Financial Corp. 0.03% 10,975 $502K No change
LRCX Lam Research Corp. 0.03% 3,730 $499K Reduce -2.0%
KR Kroger Co. 0.03% 7,397 $499K Reduce -2.6%
DD Dupont DE Nemours Inc. 0.03% 6,390 $498K No change
CINF Cincinnati Financial Corp. 0.03% 3,132 $495K No change
SYY Sysco Corp. 0.03% 5,657 $466K Reduce -0.7%
DHR Danaher Corp. 0.03% 2,340 $464K Reduce -18.9%
CRM Salesforce Inc. 0.03% 1,924 $456K Reduce -97.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 8,787 $453K Reduce -1.7%
ARMK Aramark 0.02% 11,006 $423K No change
CSX CSX Corp. 0.02% 11,887 $422K No change
TGT Target Corp. 0.02% 4,463 $400K Reduce -2.4%
AVY Avery Dennison Corp. 0.02% 2,458 $399K Add +30.7%
CEG Constellation Energy 0.02% 1,197 $394K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 2,024 $377K Reduce -0.1%
CARR Carrier Global Corp. 0.02% 6,123 $366K Add +13.2%
BDX Becton Dickinson and Co. 0.02% 1,949 $365K Add +37.8%
MA Mastercard Inc. Class A 0.02% 627 $357K No change
HSY The Hershey Co. 0.02% 1,905 $356K Reduce -3.5%
DGX Quest Diagnostics Inc. 0.02% 1,838 $350K No change
SONY Sony Group Corp. - SP ADR 0.02% 11,685 $336K Reduce -20.9%
ITIC Investors Title Co. 0.02% 1,250 $335K No change
MAS Masco Corp. 0.02% 4,669 $329K No change
PODD Insulet Corp. 0.02% 1,050 $324K Reduce -4.5%
V Visa Inc. Class A 0.02% 949 $324K Reduce -18.3%
PBNC PB Finl Corp. 0.02% 6,250 $323K Reduce -65.2%
PNC PNC Financial Services Group 0.02% 1,600 $321K Reduce -5.9%
FBIN Fortune Brands Innovations I 0.02% 5,991 $320K No change
PRQR Proqr Therapeutics NV 0.02% 150,000 $320K No change
UL Unilever PLC 0.02% 5,327 $316K No change
SHW The Sherwin-Williams Co. 0.02% 885 $306K No change
PHG Koninklijke Philips NVR- NY 0.02% 11,114 $303K No change
FHN First Horizon Corp. 0.02% 13,383 $303K No change
CDW CDW Corp. 0.02% 1,819 $290K New
KLAC KLA Corp. 0.02% 265 $286K Reduce -13.1%
TSM Taiwan Semiconductor-SP ADR 0.02% 1,000 $279K No change
CALL (AXSM) AXSOME THERAPEUTIC 0.02% 50 $275K New
NGG National Grid PLC-SP ADR 0.02% 3,677 $267K No change
NOW ServiceNow Inc. 0.02% 289 $266K No change
BSM Black Stone Minerals LP 0.02% 20,000 $263K No change
GLW Corning Inc. 0.01% 3,070 $252K New
AMD Advanced Micro Devices 0.01% 1,551 $251K No change
MACQUARIE GROUP LTD 0.01% 1,700 $247K No change
MU Micron Technology Inc. 0.01% 1,450 $243K New
COF Capital One Financial Corp. 0.01% 1,135 $241K No change
XLK SS Technology Select Sector 0.01% 850 $240K Reduce -15.8%
KMX Carmax Inc. 0.01% 5,241 $235K Add +18.6%
FMS Fresenius Medical Care-ADR 0.01% 8,896 $234K No change
CMCSA Comcast Corp. Class A 0.01% 7,393 $232K Reduce -12.8%
PGR Progressive Corp. 0.01% 915 $226K Reduce -36.5%
ALLE Allegion PLC 0.01% 1,273 $226K New
LH Labcorp Holdings Inc. 0.01% 777 $223K No change
CTVA Corteva Inc. 0.01% 3,207 $217K No change
IAU iShares Gold Trust 0.01% 2,920 $212K New
TMUS T-Mobile US Inc. 0.01% 867 $208K No change
UPS United Parcel Service Class B 0.01% 2,472 $207K Reduce -37.8%
AEG Aegon Ltd.-NY Reg SHR 0.01% 15,551 $124K No change
CRIS Curis Inc. 0.00% 20,000 $33K No change
BIOSIGNIA INC 0.00% 130,000 $0 No change
FOREST LABORATORIES CONTINGENT 0.00% 45,000 $0 No change
CWBS Commonwealth Bankshares Inc. 0.00% 11,761 $0 No change
SVMI Savi Media Group Inc. 0.00% 294,999 $0 No change
VBRE Vibe Records Inc. 0.00% 11,000 $0 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
SecurityClassShares / PrincipalValueChange
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 81,364$6KNew

Total filed on the 13F, all lines: $1.7B.

Portfolio Sells Q2 2025 → Q3 2025
ISRG Intuitive Surgical Inc. Sold out 0.00% −1.43
LULU Lululemon Athletica Inc. Sold out 0.00% −1.41
CRM Salesforce Inc. Reduce -97.6% 0.03% −1.32
LLY Eli Lilly & Co. Reduce -96.7% 0.03% −1.11
ACN Accenture PLC Class A Sold out 0.00% −1.09
HD Home Depot Inc. Reduce -83.5% 0.09% −0.44
DIS The Walt Disney Co. Reduce -9.4% 1.29% −0.37
KO The Coca-Cola Co. Reduce -90.1% 0.03% −0.32
META Meta Platforms Inc. Class A Reduce -0.3% 3.52% −0.29
MSFT Microsoft Corp. Reduce -0.5% 6.64% −0.25
COST Costco Wholesale Corp. Reduce -6.3% 1.12% −0.25
CME Cme Group Inc. Reduce -3.8% 1.76% −0.25
BMY Bristol-Myers Squibb Co. Reduce -1.2% 1.21% −0.14
VZ Verizon Communications Inc. Reduce -28.8% 0.28% −0.14
PG The Procter & Gamble Co. Reduce -12.4% 0.49% −0.13
DLR Digital Realty Trust Inc. Reduce -11.8% 0.56% −0.13
NSC Norfolk Southern Corp. Reduce -55.4% 0.09% −0.09
IEX Idex Corp. Reduce -16.6% 0.19% −0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 1.43% −0.06
AFL Aflac Inc. Reduce -2.6% 1.44% −0.06
ADBE Adobe Inc. Reduce -0.6% 0.26% −0.05
PBNC PB Finl Corp. Reduce -65.2% 0.02% −0.04
BCRX Biocryst Pharmaceuticals Inc. Sold out 0.00% −0.03
PYPL PayPal Holdings Inc. Sold out 0.00% −0.03
WMT Walmart Inc. Reduce -0.8% 1.10% −0.03
WFC Wells Fargo & Co. Reduce -11.7% 0.18% −0.03
QCOM Qualcomm Inc. Reduce -0.9% 0.68% −0.03
CALL (AMZN) AMAZON.COM INC 07/ Sold out 0.00% −0.02
MRK Merck & Co. Inc. Reduce -15.2% 0.12% −0.02
ABT Abbott Laboratories Reduce -15.9% 0.06% −0.02
MCHP Microchip Technology Inc. Sold out 0.00% −0.02
HON Honeywell International Inc. Reduce -0.9% 0.09% −0.02
LMT Lockheed Martin Corp. Sold out 0.00% −0.02
YUM Yum! Brands Inc. Sold out 0.00% −0.02
GPC Genuine Parts Co. Sold out 0.00% −0.02
PFE Pfizer Inc. Reduce -15.5% 0.07% −0.01
WM Waste Management Inc. Reduce -8.4% 0.07% −0.01
PAYX Paychex Inc. Sold out 0.00% −0.01
UPS United Parcel Service Class B Reduce -37.8% 0.01% −0.01
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.01
PGR Progressive Corp. Reduce -36.5% 0.01% −0.01
DHR Danaher Corp. Reduce -18.9% 0.03% −0.01
AMGN Amgen Inc. Reduce -6.1% 0.05% −0.01
V Visa Inc. Class A Reduce -18.3% 0.02% −0.01
T AT&T Inc. Reduce -3.5% 0.05% −0.01
DUK Duke Energy Corp. Reduce -1.0% 0.18% −0.01
AEP American Electric Power Reduce -18.1% 0.03% −0.01
ECL Ecolab Inc. Reduce -6.1% 0.05% −0.01
CMCSA Comcast Corp. Class A Reduce -12.8% 0.01% −0.01
KR Kroger Co. Reduce -2.6% 0.03% −0.01

Portfolio Buys Q2 2025 → Q3 2025
TMO Thermo Fisher Scientific Inc. Add +541.7% 2.91% +2.50
PEP Pepsico Inc. Add +3459.2% 1.58% +1.53
GOOG Alphabet Inc. Class C Add +2.0% 4.84% +1.12
SPOT Spotify Technology SA New 0.89% +0.89
AAPL Apple Inc. Add +0.0% 6.36% +0.85
LOW Lowe's Cos Inc. Add +123.7% 0.91% +0.53
ABBV Abbvie Inc. Add +3.2% 2.38% +0.39
CG The Carlyle Group Inc. Add +1.0% 2.43% +0.31
TJX TJX Companies Inc. Add +9.6% 1.84% +0.30
CSCO Cisco Systems Inc. Add +93.0% 0.59% +0.26
PANW Palo Alto Networks Inc. Add +28.5% 1.55% +0.25
IDXX Idexx Laboratories Inc. Add +4.5% 1.35% +0.18
CMI Cummins Inc. Add +2.0% 0.86% +0.16
GS Goldman Sachs Group Inc. Add +1.7% 2.51% +0.15
MLM Martin Marietta Materials Add +1.1% 1.39% +0.10
AMZN Amazon.com Inc. Add +9.8% 4.17% +0.09
BLK BlackRock Inc. Add +0.3% 2.26% +0.08
ETN Eaton Corp. PLC Add +5.8% 1.70% +0.05
JPM JPMorgan Chase & Co. Add +0.6% 2.66% +0.05
ENB Enbridge Inc. Add +2.5% 0.69% +0.04
CALL (AXSM) AXSOME THERAPEUTIC New 0.03% +0.03
MCD McDonald's Corp. Add +11.9% 0.36% +0.03
EVRG Evergy Inc. Add +3.3% 0.40% +0.02
XOM Exxon Mobil Corp. Add +4.8% 0.99% +0.02
CDW CDW Corp. New 0.02% +0.02
CALL (AXSM) AXSOME THERAPEUTIC New 0.02% +0.02
GLW Corning Inc. New 0.01% +0.01
MU Micron Technology Inc. New 0.01% +0.01
ALLE Allegion PLC New 0.01% +0.01
IAU iShares Gold Trust New 0.01% +0.01
MDT Medtronic PLC Add +2.7% 0.28% +0.01
BX Blackstone Inc. Add +9.6% 0.07% +0.01
BDX Becton Dickinson and Co. Add +37.8% 0.02% +0.01
AVY Avery Dennison Corp. Add +30.7% 0.02% +0.00
SO The Southern Co. Add +10.6% 0.04% +0.00
NEE Nextera Energy Inc. Add +0.9% 0.05% +0.00
MDLZ Mondelez International Inc. Class A Add +15.9% 0.04% 0.00
CARR Carrier Global Corp. Add +13.2% 0.02% −0.00
ADP Automatic Data Processing Add +1.1% 0.03% −0.00
KMX Carmax Inc. Add +18.6% 0.01% −0.00
SYK Stryker Corp. Add +2.2% 0.05% −0.01
NFLX Netflix Inc. Add +0.8% 0.04% −0.01
PM Philip Morris International Add +1.6% 0.07% −0.01
EMR Emerson Electric Co. Add +1.0% 0.22% −0.02
LNG Cheniere Energy Inc. Add +6.0% 0.89% −0.05
ZTS Zoetis Inc. Add +5.7% 0.95% −0.08
LIN Linde PLC Add +0.7% 1.48% −0.08
IBM Intl Business Machines Corp. Add +1.7% 0.79% −0.08
ARM Arm Holdings PLC-ADR Add +0.8% 0.87% −0.19
CTAS Cintas Corp. Add +1.0% 1.41% −0.22

Notes & Other Activity Q2 2025 → Q3 2025
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 New 81,364 $6K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 176$1.8BNVDA, AAPL, MSFT, GOOG, AVGO
Q1 2026 172$1.6BNVDA, AAPL, MSFT, GOOG, AVGO
Q4 2025 173$1.8BNVDA, AAPL, MSFT, GOOG, AMZN
Q3 2025 169$1.7BNVDA, MSFT, AAPL, GOOG, AMZN
Q2 2025 173$1.6BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 166$1.4BAAPL, MSFT, NVDA, AMZN, GOOG
Q4 2024 168$1.5BAAPL, NVDA, MSFT, GOOG, AMZN
Q3 2024 167$1.5BAAPL, MSFT, NVDA, GOOG, AMZN
Q2 2024 173$1.4BMSFT, NVDA, AAPL, GOOG, AMZN
Q1 2024 169$1.4BMSFT, NVDA, AAPL, GOOG, AMZN