Nichols & Pratt Advisers LLP

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Nichols & Pratt Advisers LLP reported 96 stock positions worth $1.5 billion. Its top holding was Apple (AAPL) at 8.2% of the portfolio, followed by Automatic Data Processing (ADP, 6.6%) and Johnson & Johnson (JNJ, 5.7%). Compared with Q4 2024, it opened 1 new position, sold out of 6, added to 22 and reduced 60. The biggest buy was Verizon Communications (VZ, shares +3%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0001141781
Portfolio Value: $1.5B (Q1 2025)
SEC Filing: 0001141781-25-000004 ↗ filed Apr 29, 2025

Holdings Value

Holdings 96 stocks · $1.5B


AAPL Apple Inc.	8.17%	538,414	$119.6M	Reduce -2.6%
ADP Automatic Data Processing	6.56%	314,355	$96.1M	Reduce -1.9%
JNJ Johnson & Johnson	5.67%	502,497	$83.0M	Reduce -0.0%
MA Mastercard Inc. Class A	5.44%	145,181	$79.6M	Reduce -0.9%
GOOG Alphabet Inc. Class C	5.04%	471,651	$73.8M	Reduce -0.7%
FISV Fiserv Inc.	4.92%	326,274	$72.1M	Reduce -2.1%
MSFT Microsoft Corp.	4.75%	184,761	$69.5M	Add +0.5%
PG The Procter & Gamble Co.	4.33%	372,231	$63.4M	Reduce -2.2%
PEP Pepsico Inc.	3.59%	350,517	$52.5M	Add +0.1%
KMI Kinder Morgan Inc.	3.51%	1,803,086	$51.4M	Reduce -1.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW	3.31%	397,627	$48.5M	Reduce -0.7%
FAST Fastenal Co.	3.01%	568,059	$44.1M	Reduce -0.8%
MRK Merck & Co. Inc.	2.74%	447,663	$40.1M	Reduce -0.9%
AMZN Amazon.com Inc.	2.52%	193,981	$36.9M	Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B	2.44%	67,154	$35.8M	Reduce -1.6%
VZ Verizon Communications Inc.	2.37%	764,566	$34.7M	Add +3.2%
NVO Novo-Nordisk A/S-Spons ADR	2.28%	481,314	$33.4M	Add +0.7%
KO The Coca-Cola Co.	2.17%	442,722	$31.7M	Reduce -3.9%
INTU Intuit Inc.	2.08%	49,489	$30.4M	Reduce -0.3%
LIN Linde PLC	1.84%	57,831	$26.9M	Add +0.1%
QCOM Qualcomm Inc.	1.67%	159,500	$24.5M	Add +1.1%
CAT Caterpillar Inc.	1.57%	69,895	$23.1M	Reduce -3.5%
ACN Accenture PLC Class A	1.45%	67,929	$21.2M	Reduce -12.0%
IQV Iqvia Holdings Inc.	1.34%	111,188	$19.6M	Add +1.9%
SYK Stryker Corp.	1.28%	50,423	$18.8M	Add +0.2%
RTO Rentokil Initial PLC-SP ADR	1.25%	800,103	$18.3M	Add +0.8%
SO The Southern Co.	1.16%	184,767	$17.0M	Reduce -1.5%
ALC Alcon Inc. filed as ALCON AG	1.13%	174,370	$16.5M	Add +0.2%
APD Air Products & Chemicals Inc.	0.97%	48,026	$14.2M	Add +1.7%
MDT Medtronic PLC	0.96%	156,386	$14.0M	Reduce -3.0%
TMO Thermo Fisher Scientific Inc.	0.94%	27,760	$13.8M	Add +11.4%
CSCO Cisco Systems Inc.	0.81%	192,068	$11.9M	Reduce -6.9%
GPN Global Payments Inc.	0.67%	99,797	$9.8M	Reduce -2.1%
XOM Exxon Mobil Corp.	0.62%	76,842	$9.1M	Reduce -0.2%
CVS CVS Health Corp.	0.47%	102,312	$6.9M	Reduce -6.9%
JPM JPMorgan Chase & Co.	0.37%	22,162	$5.4M	Reduce -1.3%
ABBV Abbvie Inc.	0.36%	25,364	$5.3M	Reduce -3.2%
GE General Electric filed as GE AEROSPACE	0.33%	24,069	$4.8M	Reduce -1.2%
COST Costco Wholesale Corp.	0.31%	4,814	$4.6M	Reduce -7.1%
ABT Abbott Laboratories	0.31%	33,727	$4.5M	Reduce -6.1%
STT State Street Corp.	0.30%	49,512	$4.4M	Reduce -5.2%
SNPS Synopsys Inc.	0.30%	10,300	$4.4M	New
EMR Emerson Electric Co.	0.27%	35,387	$3.9M	Reduce -0.3%
ECL Ecolab Inc.	0.26%	15,220	$3.9M	Add +0.7%
MKC McCormick & Co.-Non VTG SHRS	0.25%	45,092	$3.7M	Reduce -2.1%
BHP BHP Group Ltd.-Spon ADR	0.24%	72,280	$3.5M	Add +29.9%
NVDA Nvidia Corp.	0.22%	29,340	$3.2M	Reduce -8.1%
SHW The Sherwin-Williams Co.	0.22%	9,063	$3.2M	Reduce -8.8%
WAT Waters Corp.	0.21%	8,527	$3.1M	Reduce -11.3%
RTX RTX Corp.	0.19%	21,257	$2.8M	Reduce -0.5%
V Visa Inc. Class A	0.18%	7,407	$2.6M	Reduce -15.5%
QSR Restaurant Brands Intern	0.16%	35,868	$2.4M	Add +33.2%
MMM 3M Co.	0.16%	16,190	$2.4M	No change
WDS Woodside Energy Group-ADR	0.16%	157,845	$2.3M	Add +23.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.14%	7,958	$2.0M	No change
NVS Novartis AG-Sponsored ADR	0.13%	17,422	$1.9M	Reduce -1.7%
INTC Intel Corp.	0.12%	77,843	$1.8M	Reduce -5.9%
EXPD Expeditors Intl Wash Inc.	0.12%	14,571	$1.8M	Reduce -26.6%
SPGI S&P Global Inc.	0.10%	2,962	$1.5M	Reduce -12.3%
KEYS Keysight Technologies Inc.	0.10%	9,880	$1.5M	Add +34.0%
DHR Danaher Corp.	0.10%	6,884	$1.4M	Reduce -25.0%
GOOGL Alphabet Inc. Class A	0.09%	8,495	$1.3M	Reduce -10.5%
SYY Sysco Corp.	0.09%	17,375	$1.3M	Reduce -26.6%
CB Chubb Ltd.	0.09%	4,210	$1.3M	Reduce -4.8%
PFE Pfizer Inc.	0.08%	47,985	$1.2M	Reduce -5.2%
GEV GE Vernova Inc.	0.08%	3,954	$1.2M	Reduce -1.5%
UNP Union Pacific Corp.	0.07%	4,538	$1.1M	Add +0.8%
AMGN Amgen Inc.	0.07%	3,084	$961K	Reduce -6.8%
SPY SS SPDR S&P 500 ETF Trust-US	0.06%	1,486	$831K	No change
CL Colgate-Palmolive Co.	0.05%	8,400	$787K	Reduce -6.7%
BMY Bristol-Myers Squibb Co.	0.05%	12,145	$741K	Reduce -3.2%
CVX Chevron Corp.	0.05%	4,188	$701K	Reduce -7.7%
CRM Salesforce Inc.	0.04%	2,315	$621K	Reduce -16.0%
ADBE Adobe Inc.	0.04%	1,503	$576K	Reduce -72.3%
AVGO Broadcom Inc.	0.03%	2,977	$498K	Reduce -9.8%
T AT&T Inc.	0.03%	17,509	$495K	Reduce -20.7%
HD Home Depot Inc.	0.03%	1,237	$453K	Add +2.1%
SHOP Shopify Inc. Class A	0.03%	4,668	$446K	Reduce -28.2%
WFC Wells Fargo & Co.	0.03%	6,200	$445K	No change
MCD McDonald's Corp.	0.03%	1,300	$406K	No change
ASO Academy Sports & Outdoors Inc.	0.03%	8,400	$388K	Add +50.0%
GIS General Mills Inc.	0.02%	5,955	$356K	Reduce -3.3%
IWM iShares Russell 2000 ETF	0.02%	1,712	$342K	Add +13.2%
SOLV Solventum Corp.	0.02%	4,300	$327K	Reduce -18.6%
MRSH Marsh & McLennan Cos	0.02%	1,277	$312K	No change
CTAS Cintas Corp.	0.02%	1,425	$293K	Reduce -10.9%
ALNY Alnylam Pharmaceuticals Inc.	0.02%	1,043	$282K	Reduce -24.1%
AFL Aflac Inc.	0.02%	2,440	$271K	No change
UNM Unum Group	0.02%	3,270	$266K	No change
NOW ServiceNow Inc.	0.02%	330	$263K	No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.02%	5,864	$245K	No change
NEE Nextera Energy Inc.	0.02%	3,337	$237K	Reduce -11.7%
ITW Illinois Tool Works	0.02%	950	$236K	No change
MS Morgan Stanley	0.02%	1,945	$227K	No change
IVV iShares Core S&P 500 ETF	0.01%	377	$212K	Add +8.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.01%	211	$208K	No change

Portfolio Sells Q4 2024 → Q1 2025


AAPL Apple Inc.	Reduce -2.6%	8.17%	−1.05
GOOG Alphabet Inc. Class C	Reduce -0.7%	5.04%	−0.99
AZPN Aspen Technology Inc.	Sold out	0.00%	−0.38
ACN Accenture PLC Class A	Reduce -12.0%	1.45%	−0.36
AMZN Amazon.com Inc.	Reduce -1.0%	2.52%	−0.34
MRK Merck & Co. Inc.	Reduce -0.9%	2.74%	−0.26
CAT Caterpillar Inc.	Reduce -3.5%	1.57%	−0.18
ADBE Adobe Inc.	Reduce -72.3%	0.04%	−0.12
GPN Global Payments Inc.	Reduce -2.1%	0.67%	−0.09
NVDA Nvidia Corp.	Reduce -8.1%	0.22%	−0.07
DHR Danaher Corp.	Reduce -25.0%	0.10%	−0.04
STT State Street Corp.	Reduce -5.2%	0.30%	−0.04
SYY Sysco Corp.	Reduce -26.6%	0.09%	−0.03
GOOGL Alphabet Inc. Class A	Reduce -10.5%	0.09%	−0.03
EMR Emerson Electric Co.	Reduce -0.3%	0.27%	−0.03
EXPD Expeditors Intl Wash Inc.	Reduce -26.6%	0.12%	−0.03
NKE Nike Inc. Class B	Sold out	0.00%	−0.02
WAT Waters Corp.	Reduce -11.3%	0.21%	−0.02
CRM Salesforce Inc.	Reduce -16.0%	0.04%	−0.02
AVGO Broadcom Inc.	Reduce -9.8%	0.03%	−0.02
AMT American Tower Corp.	Sold out	0.00%	−0.02
SHOP Shopify Inc. Class A	Reduce -28.2%	0.03%	−0.02
SBUX Starbucks Corp.	Sold out	0.00%	−0.01
RGEN Repligen Corp.	Sold out	0.00%	−0.01
AXP American Express Co.	Sold out	0.00%	−0.01
SPGI S&P Global Inc.	Reduce -12.3%	0.10%	−0.01
SHW The Sherwin-Williams Co.	Reduce -8.8%	0.22%	−0.01
V Visa Inc. Class A	Reduce -15.5%	0.18%	−0.01
PFE Pfizer Inc.	Reduce -5.2%	0.08%	−0.01
COST Costco Wholesale Corp.	Reduce -7.1%	0.31%	−0.01
GEV GE Vernova Inc.	Reduce -1.5%	0.08%	−0.01
CSCO Cisco Systems Inc.	Reduce -6.9%	0.81%	−0.00
INTU Intuit Inc.	Reduce -0.3%	2.08%	−0.00
ALNY Alnylam Pharmaceuticals Inc.	Reduce -24.1%	0.02%	−0.00
NEE Nextera Energy Inc.	Reduce -11.7%	0.02%	−0.00
GIS General Mills Inc.	Reduce -3.3%	0.02%	−0.00
SOLV Solventum Corp.	Reduce -18.6%	0.02%	−0.00
CL Colgate-Palmolive Co.	Reduce -6.7%	0.05%	−0.00
T AT&T Inc.	Reduce -20.7%	0.03%	+0.00
CTAS Cintas Corp.	Reduce -10.9%	0.02%	+0.00
BMY Bristol-Myers Squibb Co.	Reduce -3.2%	0.05%	+0.00
CVX Chevron Corp.	Reduce -7.7%	0.05%	+0.00
CB Chubb Ltd.	Reduce -4.8%	0.09%	+0.01
AMGN Amgen Inc.	Reduce -6.8%	0.07%	+0.01
INTC Intel Corp.	Reduce -5.9%	0.12%	+0.01
JPM JPMorgan Chase & Co.	Reduce -1.3%	0.37%	+0.01
NVS Novartis AG-Sponsored ADR	Reduce -1.7%	0.13%	+0.02
MKC McCormick & Co.-Non VTG SHRS	Reduce -2.1%	0.25%	+0.02
RTX RTX Corp.	Reduce -0.5%	0.19%	+0.03
ABT Abbott Laboratories	Reduce -6.1%	0.31%	+0.03

Portfolio Buys Q4 2024 → Q1 2025


VZ Verizon Communications Inc.	Add +3.2%	2.37%	+0.39
SNPS Synopsys Inc.	New	0.30%	+0.30
LIN Linde PLC	Add +0.1%	1.84%	+0.23
ALC Alcon Inc.	Add +0.2%	1.13%	+0.14
TMO Thermo Fisher Scientific Inc.	Add +11.4%	0.94%	+0.08
SYK Stryker Corp.	Add +0.2%	1.28%	+0.08
BHP BHP Group Ltd.-Spon ADR	Add +29.9%	0.24%	+0.06
QCOM Qualcomm Inc.	Add +1.1%	1.67%	+0.06
APD Air Products & Chemicals Inc.	Add +1.7%	0.97%	+0.05
QSR Restaurant Brands Intern	Add +33.2%	0.16%	+0.05
PEP Pepsico Inc.	Add +0.1%	3.59%	+0.04
ECL Ecolab Inc.	Add +0.7%	0.26%	+0.03
WDS Woodside Energy Group-ADR	Add +23.7%	0.16%	+0.02
KEYS Keysight Technologies Inc.	Add +34.0%	0.10%	+0.02
ASO Academy Sports & Outdoors Inc.	Add +50.0%	0.03%	+0.01
UNP Union Pacific Corp.	Add +0.8%	0.07%	+0.00
IWM iShares Russell 2000 ETF	Add +13.2%	0.02%	+0.00
IVV iShares Core S&P 500 ETF	Add +8.0%	0.01%	+0.00
HD Home Depot Inc.	Add +2.1%	0.03%	−0.00
RTO Rentokil Initial PLC-SP ADR	Add +0.8%	1.25%	−0.09
IQV Iqvia Holdings Inc.	Add +1.9%	1.34%	−0.09
MSFT Microsoft Corp.	Add +0.5%	4.75%	−0.42
NVO Novo-Nordisk A/S-Spons ADR	Add +0.7%	2.28%	−0.46

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