Nichols & Pratt Advisers LLP

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Nichols & Pratt Advisers LLP reported 102 stock positions worth $1.5 billion. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Automatic Data Processing (ADP, 5.6%) and Microsoft (MSFT, 5.5%). Compared with Q4 2023, it opened 3 new positions, sold out of 6, added to 15 and reduced 65. The biggest buy was Rentokil Initial PLC-SP ADR (RTO, shares +23%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0001141781
Portfolio Value: $1.5B (Q1 2024)
SEC Filing: 0001141781-24-000002 ↗ filed Apr 29, 2024

Holdings Value

Holdings 102 stocks · $1.5B


AAPL Apple Inc.	6.68%	578,891	$99.1M	Reduce -2.3%
ADP Automatic Data Processing	5.58%	331,676	$82.8M	Reduce -1.0%
MSFT Microsoft Corp.	5.48%	193,360	$81.4M	Reduce -4.2%
JNJ Johnson & Johnson	5.40%	506,964	$80.2M	Reduce -0.8%
GOOG Alphabet Inc. Class C	4.95%	481,159	$73.4M	Reduce -1.8%
MA Mastercard Inc. Class A	4.84%	149,455	$71.9M	Reduce -1.5%
PG The Procter & Gamble Co.	4.43%	405,379	$65.7M	Reduce -1.8%
NVO Novo-Nordisk A/S-Spons ADR	4.29%	496,520	$63.7M	Reduce -1.2%
PEP Pepsico Inc.	4.24%	360,039	$62.9M	Reduce -0.9%
MRK Merck & Co. Inc.	4.21%	473,910	$62.5M	Reduce -3.4%
FISV Fiserv Inc.	3.63%	338,093	$54.0M	Reduce -1.5%
FAST Fastenal Co.	3.04%	585,115	$45.1M	Reduce -1.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW	2.77%	405,850	$41.1M	Reduce -1.1%
AMZN Amazon.com Inc.	2.31%	190,202	$34.3M	Reduce -1.8%
KMI Kinder Morgan Inc.	2.29%	1,850,077	$33.9M	Reduce -0.8%
INTU Intuit Inc.	2.24%	51,374	$33.3M	Reduce -2.9%
CAT Caterpillar Inc.	2.17%	87,739	$32.2M	Reduce -7.8%
VZ Verizon Communications Inc.	2.05%	723,547	$30.4M	Add +2.8%
BRK.B Berkshire Hathaway Inc. Class B	2.02%	71,504	$30.1M	Reduce -2.9%
KO The Coca-Cola Co.	2.01%	487,869	$29.8M	Reduce -2.3%
ACN Accenture PLC Class A	1.82%	78,237	$27.1M	Reduce -1.3%
LIN Linde PLC	1.80%	57,657	$26.8M	Reduce -1.5%
IQV Iqvia Holdings Inc.	1.71%	100,714	$25.4M	Add +6.0%
QCOM Qualcomm Inc.	1.70%	148,655	$25.2M	Reduce -1.0%
RTO Rentokil Initial PLC-SP ADR	1.25%	616,644	$18.6M	Add +23.4%
SYK Stryker Corp.	1.22%	51,013	$18.2M	Reduce -2.5%
CVS CVS Health Corp.	1.13%	209,579	$16.7M	Reduce -36.3%
CSCO Cisco Systems Inc.	1.12%	334,626	$16.7M	Reduce -1.5%
ALC Alcon Inc. filed as ALCON AG	0.99%	177,195	$14.7M	Add +3.1%
MDT Medtronic PLC	0.97%	165,262	$14.4M	Reduce -0.8%
SO The Southern Co.	0.93%	192,302	$13.8M	Reduce -1.0%
TMO Thermo Fisher Scientific Inc.	0.75%	19,089	$11.1M	Add +10.2%
GPN Global Payments Inc.	0.74%	82,436	$11.0M	Add +24.6%
APD Air Products & Chemicals Inc.	0.71%	43,884	$10.6M	Add +11.1%
XOM Exxon Mobil Corp.	0.64%	81,745	$9.5M	Reduce -2.5%
EXPD Expeditors Intl Wash Inc.	0.44%	53,527	$6.5M	Reduce -20.0%
AZPN Aspen Technology Inc.	0.42%	29,415	$6.3M	Add +19.3%
WDS Woodside Energy Group-ADR	0.35%	257,449	$5.1M	Add +1.0%
ABBV Abbvie Inc.	0.34%	27,940	$5.1M	Reduce -0.2%
STT State Street Corp.	0.33%	63,837	$4.9M	Reduce -8.5%
EMR Emerson Electric Co.	0.32%	42,087	$4.8M	Reduce -13.5%
JPM JPMorgan Chase & Co.	0.32%	23,734	$4.8M	Add +0.0%
GE General Electric	0.30%	25,326	$4.4M	No change
ABT Abbott Laboratories	0.28%	36,862	$4.2M	Reduce -1.4%
NVS Novartis AG-Sponsored ADR	0.28%	43,296	$4.2M	Reduce -5.8%
INTC Intel Corp.	0.27%	92,419	$4.1M	Reduce -3.8%
ECL Ecolab Inc.	0.26%	16,729	$3.9M	Reduce -35.4%
MKC McCormick & Co.-Non VTG SHRS	0.25%	48,572	$3.7M	Reduce -1.8%
SHW The Sherwin-Williams Co.	0.24%	10,528	$3.6M	Reduce -7.9%
WAT Waters Corp.	0.23%	9,948	$3.4M	Reduce -3.1%
BHP BHP Group Ltd.-Spon ADR	0.22%	55,964	$3.2M	Reduce -0.1%
COST Costco Wholesale Corp.	0.22%	4,382	$3.2M	Reduce -4.3%
NVDA Nvidia Corp.	0.21%	3,494	$3.2M	Reduce -10.0%
MMM 3M Co.	0.18%	25,230	$2.7M	Reduce -9.3%
RTX RTX Corp.	0.16%	24,096	$2.4M	Reduce -28.3%
ADBE Adobe Inc.	0.16%	4,573	$2.3M	Reduce -5.3%
SYY Sysco Corp.	0.14%	25,655	$2.1M	No change
DHR Danaher Corp.	0.13%	7,440	$1.9M	Reduce -8.2%
V Visa Inc. Class A	0.11%	5,634	$1.6M	Reduce -15.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.10%	8,162	$1.6M	Add +0.1%
PFE Pfizer Inc.	0.10%	53,616	$1.5M	Reduce -0.4%
SPGI S&P Global Inc.	0.10%	3,378	$1.4M	Reduce -10.9%
QSR Restaurant Brands Intern	0.09%	17,313	$1.4M	Add +7.3%
AMGN Amgen Inc.	0.08%	4,394	$1.2M	Reduce -13.7%
CB Chubb Ltd.	0.08%	4,807	$1.2M	No change
UNP Union Pacific Corp.	0.08%	4,950	$1.2M	Reduce -7.5%
GOOGL Alphabet Inc. Class A	0.07%	6,710	$1.0M	No change
IWM iShares Russell 2000 ETF	0.06%	4,540	$955K	No change
CL Colgate-Palmolive Co.	0.06%	9,180	$827K	Reduce -6.6%
CVX Chevron Corp.	0.05%	5,027	$793K	Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US	0.05%	1,427	$746K	Reduce -21.9%
T AT&T Inc.	0.05%	40,584	$714K	Reduce -50.4%
BMY Bristol-Myers Squibb Co.	0.05%	12,895	$699K	No change
KEYS Keysight Technologies Inc.	0.04%	3,987	$623K	New
NKE Nike Inc. Class B	0.04%	5,726	$538K	No change
HD Home Depot Inc.	0.04%	1,368	$525K	Reduce -36.9%
AVGO Broadcom Inc.	0.03%	387	$513K	Add +0.5%
GIS General Mills Inc.	0.03%	7,205	$504K	No change
SBUX Starbucks Corp.	0.03%	5,365	$490K	Reduce -17.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.03%	3,980	$487K	Reduce -21.4%
EW Edwards Lifesciences Corp.	0.03%	5,050	$483K	No change
RGEN Repligen Corp.	0.03%	2,555	$470K	No change
CRM Salesforce Inc.	0.03%	1,480	$446K	No change
MCD McDonald's Corp.	0.03%	1,572	$443K	Reduce -4.5%
WFC Wells Fargo & Co.	0.03%	7,100	$412K	No change
WBD Warner Bros Discovery Inc.	0.03%	46,829	$409K	Reduce -4.5%
NEE Nextera Energy Inc.	0.02%	5,421	$346K	Add +0.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.02%	6,164	$338K	No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.02%	2,012	$310K	Reduce -54.0%
PHR Phreesia Inc.	0.02%	12,365	$296K	Reduce -60.6%
ITW Illinois Tool Works	0.02%	1,075	$288K	Reduce -15.7%
AXP American Express Co.	0.02%	1,250	$285K	No change
CTAS Cintas Corp.	0.02%	400	$275K	Reduce -11.1%
EFA iShares MSCI Eafe ETF	0.02%	3,403	$272K	Reduce -3.0%
MRSH Marsh & McLennan Cos	0.02%	1,277	$263K	No change
DE Deere & Co.	0.02%	625	$257K	No change
NOW ServiceNow Inc.	0.02%	330	$252K	No change
AMP Ameriprise Financial Inc.	0.02%	560	$246K	No change
APH Amphenol Corp. Class A	0.01%	1,884	$217K	New
AFL Aflac Inc.	0.01%	2,500	$215K	No change

Show all 102 holdings

Portfolio Sells Q4 2023 → Q1 2024


AAPL Apple Inc.	Reduce -2.3%	6.68%	−1.45
CVS CVS Health Corp.	Reduce -36.3%	1.13%	−0.72
JNJ Johnson & Johnson	Reduce -0.8%	5.40%	−0.30
EXPD Expeditors Intl Wash Inc.	Reduce -20.0%	0.44%	−0.17
ACN Accenture PLC Class A	Reduce -1.3%	1.82%	−0.16
PEP Pepsico Inc.	Reduce -0.9%	4.24%	−0.16
INTU Intuit Inc.	Reduce -2.9%	2.24%	−0.11
ECL Ecolab Inc.	Reduce -35.4%	0.26%	−0.11
CSCO Cisco Systems Inc.	Reduce -1.5%	1.12%	−0.10
KO The Coca-Cola Co.	Reduce -2.3%	2.01%	−0.08
INTC Intel Corp.	Reduce -3.8%	0.27%	−0.07
KMI Kinder Morgan Inc.	Reduce -0.8%	2.29%	−0.06
BHP BHP Group Ltd.-Spon ADR	Reduce -0.1%	0.22%	−0.05
STT State Street Corp.	Reduce -8.5%	0.33%	−0.05
T AT&T Inc.	Reduce -50.4%	0.05%	−0.05
ADBE Adobe Inc.	Reduce -5.3%	0.16%	−0.05
NVS Novartis AG-Sponsored ADR	Reduce -5.8%	0.28%	−0.05
RTX RTX Corp.	Reduce -28.3%	0.16%	−0.04
SO The Southern Co.	Reduce -1.0%	0.93%	−0.04
MMM 3M Co.	Reduce -9.3%	0.18%	−0.04
PHR Phreesia Inc.	Reduce -60.6%	0.02%	−0.03
EL Estee Lauder Companies Class A	Reduce -54.0%	0.02%	−0.02
SPGI S&P Global Inc.	Reduce -10.9%	0.10%	−0.02
IVV iShares Core S&P 500 ETF	Sold out	0.00%	−0.02
AMGN Amgen Inc.	Reduce -13.7%	0.08%	−0.02
HD Home Depot Inc.	Reduce -36.9%	0.04%	−0.02
UL Unilever PLC	Sold out	0.00%	−0.02
V Visa Inc. Class A	Reduce -15.3%	0.11%	−0.02
SHOP Shopify Inc. Class A	Sold out	0.00%	−0.02
VIG Vanguard Dividend Apprec ETF	Sold out	0.00%	−0.02
EMR Emerson Electric Co.	Reduce -13.5%	0.32%	−0.02
OTIS Otis Worldwide Corp.	Sold out	0.00%	−0.01
SDY SS SPDR S&P Dividend ETF	Sold out	0.00%	−0.01
WBD Warner Bros Discovery Inc.	Reduce -4.5%	0.03%	−0.01
SBUX Starbucks Corp.	Reduce -17.8%	0.03%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -21.9%	0.05%	−0.01
UNP Union Pacific Corp.	Reduce -7.5%	0.08%	−0.01
ABT Abbott Laboratories	Reduce -1.4%	0.28%	−0.01
PFE Pfizer Inc.	Reduce -0.4%	0.10%	−0.01
WAT Waters Corp.	Reduce -3.1%	0.23%	−0.01
MDT Medtronic PLC	Reduce -0.8%	0.97%	−0.01
SHW The Sherwin-Williams Co.	Reduce -7.9%	0.24%	−0.01
DHR Danaher Corp.	Reduce -8.2%	0.13%	−0.01
MCD McDonald's Corp.	Reduce -4.5%	0.03%	−0.00
ITW Illinois Tool Works	Reduce -15.7%	0.02%	−0.00
CTAS Cintas Corp.	Reduce -11.1%	0.02%	−0.00
CTVA Corteva Inc.	Reduce -16.4%	0.01%	−0.00
EFA iShares MSCI Eafe ETF	Reduce -3.0%	0.02%	−0.00
CL Colgate-Palmolive Co.	Reduce -6.6%	0.06%	−0.00
DIS The Walt Disney Co.	Reduce -21.4%	0.03%	+0.00

Portfolio Buys Q4 2023 → Q1 2024


RTO Rentokil Initial PLC-SP ADR	Add +23.4%	1.25%	+0.23
VZ Verizon Communications Inc.	Add +2.8%	2.05%	+0.16
IQV Iqvia Holdings Inc.	Add +6.0%	1.71%	+0.15
GPN Global Payments Inc.	Add +24.6%	0.74%	+0.14
TMO Thermo Fisher Scientific Inc.	Add +10.2%	0.75%	+0.09
KEYS Keysight Technologies Inc.	New	0.04%	+0.04
AZPN Aspen Technology Inc.	Add +19.3%	0.42%	+0.04
ALC Alcon Inc.	Add +3.1%	0.99%	+0.04
JPM JPMorgan Chase & Co.	Add +0.0%	0.32%	+0.03
APH Amphenol Corp. Class A	New	0.01%	+0.01
GWW WW Grainger Inc.	New	0.01%	+0.01
IBM Intl Business Machines Corp.	Add +0.1%	0.10%	+0.01
AVGO Broadcom Inc.	Add +0.5%	0.03%	+0.00
QSR Restaurant Brands Intern	Add +7.3%	0.09%	+0.00
CVX Chevron Corp.	Add +0.3%	0.05%	+0.00
NEE Nextera Energy Inc.	Add +0.4%	0.02%	0.00
WDS Woodside Energy Group-ADR	Add +1.0%	0.35%	−0.04
APD Air Products & Chemicals Inc.	Add +11.1%	0.71%	−0.06

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	109	$1.6B	AAPL, GOOG, JNJ, MA, MSFT
Q1 2026	105	$1.5B	AAPL, GOOG, JNJ, MA, MSFT
Q4 2025	107	$1.6B	AAPL, GOOG, JNJ, MSFT, MA
Q3 2025	106	$1.6B	AAPL, GOOG, MSFT, JNJ, ADP
Q2 2025	104	$1.5B	AAPL, ADP, MSFT, GOOG, MA
Q1 2025	96	$1.5B	AAPL, ADP, JNJ, MA, GOOG
Q4 2024	101	$1.5B	AAPL, ADP, GOOG, MSFT, MA
Q3 2024	104	$1.5B	AAPL, ADP, JNJ, GOOG, MSFT
Q2 2024	97	$1.5B	AAPL, GOOG, MSFT, ADP, JNJ
Q1 2024	102	$1.5B	AAPL, ADP, MSFT, JNJ, GOOG