Franklin Street Advisors Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Franklin Street Advisors Inc. reported 173 stock positions worth $1.8 billion. Its top holding was Nvidia (NVDA) at 7.6% of the portfolio, followed by Apple (AAPL, 6.7%) and Microsoft (MSFT, 6.2%). Compared with Q3 2025, it opened 14 new positions, sold out of 11, added to 67 and reduced 41. The biggest buy was a new position in Iqvia (IQV) and the biggest sale Bristol-Myers Squibb (BMY, shares −98%).

Most Recent 13F
Q2 2026
Location
CHAPEL HILL, NC
CIK
0001010873
Portfolio Value
$1.8B (Q4 2025)
SEC Filing
0001010873-26-000001 ↗ filed Jan 21, 2026

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 Q3 2025 Q4 2025: $1.8B $1.8B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 173 stocks · $1.8B
NVDA Nvidia Corp. 7.56% 710,616 $132.5M Add +0.3%
AAPL Apple Inc. 6.72% 432,929 $117.7M Reduce -0.1%
MSFT Microsoft Corp. 6.15% 222,885 $107.8M Add +0.2%
GOOG Alphabet Inc. Class C 5.76% 321,598 $100.9M Reduce -6.8%
AMZN Amazon.com Inc. 4.50% 341,409 $78.8M Add +3.4%
AVGO Broadcom Inc. 3.62% 183,138 $63.4M Reduce -0.7%
TMO Thermo Fisher Scientific Inc. 3.41% 103,108 $59.7M Reduce -0.9%
META Meta Platforms Inc. Class A 3.33% 88,424 $58.4M Add +6.3%
GS Goldman Sachs Group Inc. 2.81% 56,027 $49.2M Add +2.3%
JPM JPMorgan Chase & Co. 2.69% 146,561 $47.2M Add +0.0%
CG The Carlyle Group Inc. 2.44% 724,039 $42.8M Add +7.6%
ABBV Abbvie Inc. 2.38% 182,921 $41.8M Add +2.4%
RTX RTX Corp. 2.15% 205,050 $37.6M Reduce -0.1%
BLK BlackRock Inc. 2.09% 34,180 $36.6M Add +1.6%
ORCL Oracle Corp. 1.97% 176,801 $34.5M Add +2.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.96% 223,210 $34.3M Add +0.8%
DASH DoorDash Inc. Class A 1.89% 145,901 $33.0M Add +0.5%
AXP American Express Co. 1.80% 85,374 $31.6M Add +1.1%
CME Cme Group Inc. 1.77% 113,731 $31.1M Add +0.4%
PEP Pepsico Inc. 1.58% 192,621 $27.6M Reduce -1.1%
IDXX Idexx Laboratories Inc. 1.55% 40,183 $27.2M Add +9.4%
PANW Palo Alto Networks Inc. 1.51% 143,715 $26.5M Add +8.7%
ETN Eaton Corp. PLC 1.47% 80,874 $25.8M Add +2.3%
BRK.B Berkshire Hathaway Inc. Class B 1.44% 50,038 $25.2M Add +1.4%
AFL Aflac Inc. 1.43% 227,162 $25.0M Add +1.3%
MLM Martin Marietta Materials 1.35% 38,114 $23.7M Reduce -0.5%
LIN Linde PLC 1.22% 50,234 $21.4M Reduce -7.0%
CTAS Cintas Corp. 1.17% 109,460 $20.6M Reduce -8.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.12% 171,988 $19.6M Reduce -12.4%
WMT Walmart Inc. 1.10% 172,602 $19.2M Reduce -6.9%
XOM Exxon Mobil Corp. 1.08% 157,561 $19.0M Add +2.9%
COST Costco Wholesale Corp. 1.02% 20,792 $17.9M Reduce -1.1%
CMI Cummins Inc. 0.95% 32,610 $16.6M Reduce -7.7%
IQV Iqvia Holdings Inc. 0.90% 69,756 $15.7M New
LOW Lowe's Cos Inc. 0.89% 65,031 $15.7M Add +3.2%
MRK Merck & Co. Inc. 0.86% 142,541 $15.0M Add +462.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.81% 47,734 $14.1M Reduce -1.6%
CSCO Cisco Systems Inc. 0.80% 182,305 $14.0M Add +21.5%
ARM Arm Holdings PLC-ADR 0.78% 125,062 $13.7M Add +17.4%
SPOT Spotify Technology SA 0.76% 23,052 $13.4M Add +4.6%
QCOM Qualcomm Inc. 0.68% 69,556 $11.9M Reduce -1.3%
ENB Enbridge Inc. 0.66% 242,275 $11.6M Add +2.1%
SHOP Shopify Inc. Class A 0.62% 67,655 $10.9M New
UPS United Parcel Service Class B 0.53% 93,736 $9.3M Add +3691.9%
GOOGL Alphabet Inc. Class A 0.52% 28,907 $9.0M Reduce -2.3%
MCD McDonald's Corp. 0.50% 28,685 $8.8M Add +38.9%
DLR Digital Realty Trust Inc. 0.48% 54,412 $8.4M Reduce -3.1%
PG The Procter & Gamble Co. 0.45% 54,607 $7.8M Reduce -1.8%
EVRG Evergy Inc. 0.38% 93,051 $6.7M Add +2.8%
ADBE Adobe Inc. 0.26% 12,966 $4.5M No change
MS Morgan Stanley 0.25% 25,061 $4.4M Add +0.2%
JNJ Johnson & Johnson 0.23% 19,394 $4.0M Add +0.8%
MDT Medtronic PLC 0.22% 39,313 $3.8M Reduce -24.2%
CBOE Cboe Global Markets Inc. 0.21% 14,628 $3.7M Reduce -7.6%
CAT Caterpillar Inc. 0.21% 6,291 $3.6M Add +3.6%
IEX Idex Corp. 0.20% 20,125 $3.6M No change
TXN Texas Instruments Inc. 0.20% 20,293 $3.5M No change
WFC Wells Fargo & Co. 0.20% 37,760 $3.5M Add +0.4%
DUK Duke Energy Corp. 0.17% 25,807 $3.0M Add +1.0%
CVX Chevron Corp. 0.16% 18,403 $2.8M Add +1.7%
RY Royal Bank of Canada 0.15% 15,897 $2.7M Reduce -0.8%
EMR Emerson Electric Co. 0.15% 20,117 $2.7M Reduce -30.1%
DVY iShares Select Dividend ETF 0.14% 17,000 $2.4M Add +6.3%
KKR KKR & Co. Inc. 0.13% 17,547 $2.2M No change
GD General Dynamics Corp. 0.11% 5,850 $2.0M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.11% 45,508 $1.9M No change
AXSM Axsome Therapeutics Inc. 0.10% 10,000 $1.8M New
ZTS Zoetis Inc. 0.10% 14,200 $1.8M Reduce -87.4%
NSC Norfolk Southern Corp. 0.08% 5,000 $1.4M No change
HON Honeywell International Inc. 0.08% 7,192 $1.4M No change
ETW Eaton Vance T/M GLBL Buy-WR 0.08% 150,334 $1.4M No change
ABT Abbott Laboratories 0.08% 10,498 $1.3M Add +27.3%
SCHW Schwab (charles) Corp. 0.07% 13,067 $1.3M Add +0.4%
PFE Pfizer Inc. 0.07% 46,404 $1.2M Add +0.2%
LLY Eli Lilly & Co. 0.06% 1,042 $1.1M Add +33.9%
MO Altria Group Inc. 0.06% 19,234 $1.1M Add +0.6%
HD Home Depot Inc. 0.06% 3,206 $1.1M Reduce -15.8%
AMGN Amgen Inc. 0.06% 3,282 $1.1M Add +3.5%
PM Philip Morris International 0.06% 6,681 $1.1M Reduce -6.5%
DHR Danaher Corp. 0.06% 4,485 $1.0M Add +91.7%
WM Waste Management Inc. 0.06% 4,589 $1.0M Reduce -11.2%
VZ Verizon Communications Inc. 0.06% 24,457 $996K Reduce -77.8%
SUPN Supernus Pharmaceuticals Inc. 0.06% 20,000 $994K No change
PTGX Protagonist Therapeutics Inc. 0.06% 11,300 $987K No change
NEE Nextera Energy Inc. 0.06% 12,281 $986K No change
VIS Vanguard Industrials ETF 0.05% 3,157 $942K No change
GILD Gilead Sciences Inc. 0.05% 7,452 $915K No change
SYK Stryker Corp. 0.05% 2,428 $853K Reduce -0.8%
TFC Truist Financial Corp. 0.05% 16,106 $793K Add +46.8%
AMAT Applied Materials Inc. 0.04% 3,026 $778K No change
SO The Southern Co. 0.04% 8,506 $742K Add +9.3%
KO The Coca-Cola Co. 0.04% 10,555 $738K Add +32.1%
TRV The Travelers Cos Inc. 0.04% 2,479 $719K No change
T AT&T Inc. 0.04% 28,165 $700K Reduce -2.8%
SBR Sabine Royalty Trust 0.04% 10,081 $691K No change
BX Blackstone Inc. 0.04% 4,247 $655K Reduce -36.7%
LRCX Lam Research Corp. 0.04% 3,730 $639K No change
ECL Ecolab Inc. 0.04% 2,424 $636K Reduce -16.9%
EWT iShares MSCI Taiwan ETF 0.04% 10,000 $635K No change
HUN Huntsman Corp. 0.04% 62,500 $625K No change

Show all 173 holdings

Portfolio Sells Q3 2025 → Q4 2025
BMY Bristol-Myers Squibb Co. Reduce -98.1% 0.03% −1.19
LNG Cheniere Energy Inc. Sold out 0.00% −0.89
ZTS Zoetis Inc. Reduce -87.4% 0.10% −0.85
LIN Linde PLC Reduce -7.0% 1.22% −0.26
CTAS Cintas Corp. Reduce -8.5% 1.17% −0.24
VZ Verizon Communications Inc. Reduce -77.8% 0.06% −0.22
DIS The Walt Disney Co. Reduce -12.4% 1.12% −0.18
COST Costco Wholesale Corp. Reduce -1.1% 1.02% −0.10
DLR Digital Realty Trust Inc. Reduce -3.1% 0.48% −0.08
MDT Medtronic PLC Reduce -24.2% 0.22% −0.07
EMR Emerson Electric Co. Reduce -30.1% 0.15% −0.07
PG The Procter & Gamble Co. Reduce -1.8% 0.45% −0.05
DKNG Draftkings Inc. Class A Sold out 0.00% −0.04
MLM Martin Marietta Materials Reduce -0.5% 1.35% −0.04
CALL (AXSM) AXSOME THERAPEUTIC Sold out 0.00% −0.03
BX Blackstone Inc. Reduce -36.7% 0.04% −0.03
HD Home Depot Inc. Reduce -15.8% 0.06% −0.03
HSY The Hershey Co. Sold out 0.00% −0.02
PBNC PB Finl Corp. Sold out 0.00% −0.02
SHW The Sherwin-Williams Co. Sold out 0.00% −0.02
CALL (AXSM) AXSOME THERAPEUTIC Sold out 0.00% −0.02
CBOE Cboe Global Markets Inc. Reduce -7.6% 0.21% −0.01
KMX Carmax Inc. Sold out 0.00% −0.01
CMCSA Comcast Corp. Class A Sold out 0.00% −0.01
LH Labcorp Holdings Inc. Sold out 0.00% −0.01
TMUS T-Mobile US Inc. Sold out 0.00% −0.01
ECL Ecolab Inc. Reduce -16.9% 0.04% −0.01
WM Waste Management Inc. Reduce -11.2% 0.06% −0.01
FERG Ferguson Enterprises Inc. Reduce -22.2% 0.03% −0.01
T AT&T Inc. Reduce -2.8% 0.04% −0.01
PM Philip Morris International Reduce -6.5% 0.06% −0.01
WMT Walmart Inc. Reduce -6.9% 1.10% −0.00
SYK Stryker Corp. Reduce -0.8% 0.05% −0.00
FBIN Fortune Brands Innovations I Reduce -10.0% 0.02% −0.00
UNH Unitedhealth Group Inc. Reduce -1.2% 0.03% −0.00
CSX CSX Corp. Reduce -8.5% 0.02% −0.00
KLAC KLA Corp. Reduce -17.0% 0.02% −0.00
GLW Corning Inc. Reduce -12.7% 0.01% −0.00
TGT Target Corp. Reduce -9.7% 0.02% −0.00
CRM Salesforce Inc. Reduce -8.6% 0.03% +0.00
BDX Becton Dickinson and Co. Reduce -0.2% 0.02% +0.00
PEP Pepsico Inc. Reduce -1.1% 1.58% +0.00
QCOM Qualcomm Inc. Reduce -1.3% 0.68% +0.00
IBM Intl Business Machines Corp. Reduce -1.6% 0.81% +0.02
RY Royal Bank of Canada Reduce -0.8% 0.15% +0.02
CMI Cummins Inc. Reduce -7.7% 0.95% +0.09
GOOGL Alphabet Inc. Class A Reduce -2.3% 0.52% +0.10
AVGO Broadcom Inc. Reduce -0.7% 3.62% +0.11
RTX RTX Corp. Reduce -0.1% 2.15% +0.17
AAPL Apple Inc. Reduce -0.1% 6.72% +0.36

Portfolio Buys Q3 2025 → Q4 2025
IQV Iqvia Holdings Inc. New 0.90% +0.90
MRK Merck & Co. Inc. Add +462.8% 0.86% +0.73
SHOP Shopify Inc. Class A New 0.62% +0.62
UPS United Parcel Service Class B Add +3691.9% 0.53% +0.52
AMZN Amazon.com Inc. Add +3.4% 4.50% +0.32
GS Goldman Sachs Group Inc. Add +2.3% 2.81% +0.30
CSCO Cisco Systems Inc. Add +21.5% 0.80% +0.21
IDXX Idexx Laboratories Inc. Add +9.4% 1.55% +0.20
AXP American Express Co. Add +1.1% 1.80% +0.19
MCD McDonald's Corp. Add +38.9% 0.50% +0.14
TJX TJX Companies Inc. Add +0.8% 1.96% +0.11
AXSM Axsome Therapeutics Inc. New 0.10% +0.10
XOM Exxon Mobil Corp. Add +2.9% 1.08% +0.09
CAT Caterpillar Inc. Add +3.6% 0.21% +0.04
DHR Danaher Corp. Add +91.7% 0.06% +0.03
JPM JPMorgan Chase & Co. Add +0.0% 2.69% +0.03
LLY Eli Lilly & Co. Add +33.9% 0.06% +0.03
MS Morgan Stanley Add +0.2% 0.25% +0.03
JNJ Johnson & Johnson Add +0.8% 0.23% +0.02
ACN Accenture PLC Class A New 0.02% +0.02
WFC Wells Fargo & Co. Add +0.4% 0.20% +0.02
GE General Electric New 0.02% +0.02
MAR Marriott International Class A New 0.02% +0.02
BA The Boeing Co. New 0.02% +0.02
ROST Ross Stores Inc. New 0.02% +0.02
TFC Truist Financial Corp. Add +46.8% 0.05% +0.02
UBSI United Bankshares Inc. New 0.02% +0.02
DLTR Dollar Tree Inc. New 0.01% +0.01
YUM Yum! Brands Inc. New 0.01% +0.01
CG The Carlyle Group Inc. Add +7.6% 2.44% +0.01
MTD Mettler-Toledo International New 0.01% +0.01
PSX Phillips 66 New 0.01% +0.01
KO The Coca-Cola Co. Add +32.1% 0.04% +0.01
ISRG Intuitive Surgical Inc. New 0.01% +0.01
ABT Abbott Laboratories Add +27.3% 0.08% +0.01
AMGN Amgen Inc. Add +3.5% 0.06% +0.01
XLK SS Technology Select Sector Add +68.6% 0.02% +0.01
CME Cme Group Inc. Add +0.4% 1.77% +0.01
IAU iShares Gold Trust Add +51.4% 0.02% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +1.4% 1.44% +0.01
DVY iShares Select Dividend ETF Add +6.3% 0.14% +0.01
ALLE Allegion PLC Add +40.6% 0.02% +0.00
SCHW Schwab (charles) Corp. Add +0.4% 0.07% +0.00
CTVA Corteva Inc. Add +23.3% 0.02% +0.00
BAC Bank of America Corp. Add +2.7% 0.03% +0.00
COF Capital One Financial Corp. Add +2.7% 0.02% +0.00
AEP American Electric Power Add +5.5% 0.03% +0.00
ABBV Abbvie Inc. Add +2.4% 2.38% +0.00
Q Qnity Electronics Inc. Add +11.6% 0.02% +0.00
TSM Taiwan Semiconductor-SP ADR Add +2.2% 0.02% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 Sold out 81,364 $6Kbefore exit

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