Nichols & Pratt Advisers LLP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Nichols & Pratt Advisers LLP reported 104 stock positions worth $1.5 billion. Its top holding was Apple (AAPL) at 7.5% of the portfolio, followed by Automatic Data Processing (ADP, 6.5%) and Microsoft (MSFT, 6.2%). Compared with Q1 2025, it opened 9 new positions, sold out of 1, added to 45 and reduced 31. The biggest buy was Microsoft (MSFT, shares +0%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001141781
Portfolio Value
$1.5B (Q2 2025)
SEC Filing
0001141781-25-000005 ↗ filed Aug 5, 2025

Holdings Value

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

Holdings 104 stocks · $1.5B
AAPL Apple Inc. 7.46% 541,338 $111.2M Add +0.5%
ADP Automatic Data Processing 6.48% 313,132 $96.6M Reduce -0.4%
MSFT Microsoft Corp. 6.18% 185,377 $92.1M Add +0.3%
GOOG Alphabet Inc. Class C 5.66% 476,024 $84.4M Add +0.9%
MA Mastercard Inc. Class A 5.46% 144,791 $81.4M Reduce -0.3%
JNJ Johnson & Johnson 5.20% 506,541 $77.5M Add +0.8%
PG The Procter & Gamble Co. 3.99% 373,300 $59.5M Add +0.3%
FISV Fiserv Inc. 3.80% 328,266 $56.6M Add +0.6%
KMI Kinder Morgan Inc. 3.57% 1,811,418 $53.2M Add +0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.31% 398,637 $49.3M Add +0.3%
FAST Fastenal Co. 3.22% 1,140,258 $48.0M Add +0.4%
PEP Pepsico Inc. 3.15% 355,456 $47.0M Add +1.4%
AMZN Amazon.com Inc. 2.89% 196,116 $43.0M Add +1.1%
INTU Intuit Inc. 2.61% 49,394 $38.9M Reduce -0.2%
MRK Merck & Co. Inc. 2.39% 448,751 $35.6M Add +0.2%
NVO Novo-Nordisk A/S-Spons ADR 2.28% 492,056 $34.0M Add +2.2%
VZ Verizon Communications Inc. 2.26% 776,614 $33.6M Add +1.6%
BRK.B Berkshire Hathaway Inc. Class B 2.19% 67,102 $32.6M Reduce -0.1%
KO The Coca-Cola Co. 2.11% 443,522 $31.4M Add +0.2%
LIN Linde PLC 1.83% 58,221 $27.3M Add +0.7%
CAT Caterpillar Inc. 1.83% 70,315 $27.3M Add +0.6%
QCOM Qualcomm Inc. 1.77% 165,334 $26.3M Add +3.7%
SYK Stryker Corp. 1.35% 50,708 $20.1M Add +0.6%
RTO Rentokil Initial PLC-SP ADR 1.33% 823,231 $19.8M Add +2.9%
ACN Accenture PLC Class A 1.28% 63,779 $19.1M Reduce -6.1%
IQV Iqvia Holdings Inc. 1.20% 112,919 $17.8M Add +1.6%
SO The Southern Co. 1.15% 186,110 $17.1M Add +0.7%
ALC Alcon Inc. filed as ALCON AG 1.04% 175,865 $15.5M Add +0.9%
APD Air Products & Chemicals Inc. 0.94% 49,650 $14.0M Add +3.4%
MDT Medtronic PLC 0.92% 157,769 $13.8M Add +0.9%
CSCO Cisco Systems Inc. 0.88% 188,305 $13.1M Reduce -2.0%
TMO Thermo Fisher Scientific Inc. 0.79% 29,202 $11.8M Add +5.2%
XOM Exxon Mobil Corp. 0.55% 76,439 $8.2M Reduce -0.5%
GPN Global Payments Inc. 0.49% 92,130 $7.4M Reduce -7.7%
CVS CVS Health Corp. 0.47% 102,428 $7.1M Add +0.1%
SNPS Synopsys Inc. 0.45% 13,061 $6.7M Add +26.8%
JPM JPMorgan Chase & Co. 0.44% 22,797 $6.6M Add +2.9%
NVDA Nvidia Corp. 0.42% 39,340 $6.2M Add +34.1%
GE General Electric filed as GE AEROSPACE 0.41% 23,482 $6.0M Reduce -2.4%
STT State Street Corp. 0.35% 48,862 $5.2M Reduce -1.3%
COST Costco Wholesale Corp. 0.34% 5,139 $5.1M Add +6.8%
EMR Emerson Electric Co. 0.31% 35,117 $4.7M Reduce -0.8%
ABBV Abbvie Inc. 0.31% 24,764 $4.6M Reduce -2.4%
ABT Abbott Laboratories 0.31% 33,477 $4.6M Reduce -0.7%
ECL Ecolab Inc. 0.28% 15,230 $4.1M Add +0.1%
MKC McCormick & Co.-Non VTG SHRS 0.24% 46,877 $3.6M Add +4.0%
BHP BHP Group Ltd.-Spon ADR 0.23% 72,655 $3.5M Add +0.5%
SHW The Sherwin-Williams Co. 0.22% 9,288 $3.2M Add +2.5%
RTX RTX Corp. 0.21% 21,257 $3.1M No change
V Visa Inc. Class A 0.21% 8,699 $3.1M Add +17.4%
WAT Waters Corp. 0.19% 8,242 $2.9M Reduce -3.3%
QSR Restaurant Brands Intern 0.19% 41,873 $2.8M Add +16.7%
MMM 3M Co. 0.16% 16,125 $2.5M Reduce -0.4%
WDS Woodside Energy Group-ADR 0.15% 148,497 $2.3M Reduce -5.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 7,608 $2.2M Reduce -4.4%
NVS Novartis AG-Sponsored ADR 0.14% 17,237 $2.1M Reduce -1.1%
GEV GE Vernova Inc. 0.14% 3,934 $2.1M Reduce -0.5%
INTC Intel Corp. 0.12% 77,578 $1.7M Reduce -0.3%
KEYS Keysight Technologies Inc. 0.12% 10,495 $1.7M Add +6.2%
DHR Danaher Corp. 0.11% 8,084 $1.6M Add +17.4%
EXPD Expeditors Intl Wash Inc. 0.11% 13,966 $1.6M Reduce -4.2%
SPGI S&P Global Inc. 0.10% 2,962 $1.6M No change
GOOGL Alphabet Inc. Class A 0.10% 8,495 $1.5M No change
UNP Union Pacific Corp. 0.10% 6,238 $1.4M Add +37.5%
CB Chubb Ltd. 0.10% 4,925 $1.4M Add +17.0%
SYY Sysco Corp. 0.09% 17,025 $1.3M Reduce -2.0%
IJR iShares Core S&P Small-Cap E 0.07% 9,280 $1.0M New
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 1,486 $918K No change
AMGN Amgen Inc. 0.06% 3,047 $851K Reduce -1.2%
CRM Salesforce Inc. 0.06% 3,115 $849K Add +34.6%
PFE Pfizer Inc. 0.06% 33,999 $824K Reduce -29.1%
MS Morgan Stanley 0.05% 5,445 $767K Add +179.9%
IEFA iShares Core MSCI Eafe ETF 0.05% 9,000 $751K New
AVGO Broadcom Inc. 0.05% 2,677 $738K Reduce -10.1%
CL Colgate-Palmolive Co. 0.05% 7,965 $724K Reduce -5.2%
LOW Lowe's Cos Inc. 0.04% 2,850 $632K New
T AT&T Inc. 0.04% 21,091 $610K Add +20.5%
CVX Chevron Corp. 0.04% 4,188 $600K No change
ADBE Adobe Inc. 0.04% 1,503 $581K No change
BMY Bristol-Myers Squibb Co. 0.04% 12,145 $562K No change
SHOP Shopify Inc. Class A 0.04% 4,668 $538K No change
WFC Wells Fargo & Co. 0.03% 5,700 $457K Reduce -8.1%
HD Home Depot Inc. 0.03% 1,237 $454K No change
BLK BlackRock Inc. 0.03% 415 $435K New
ETN Eaton Corp. PLC 0.03% 1,176 $420K New
PANW Palo Alto Networks Inc. 0.03% 2,050 $420K New
ASO Academy Sports & Outdoors Inc. 0.03% 8,900 $409K Add +6.0%
MCD McDonald's Corp. 0.03% 1,300 $380K No change
ALNY Alnylam Pharmaceuticals Inc. 0.02% 1,043 $340K No change
NOW ServiceNow Inc. 0.02% 330 $339K No change
IWM iShares Russell 2000 ETF 0.02% 1,502 $324K Reduce -12.3%
SOLV Solventum Corp. 0.02% 4,257 $323K Reduce -1.0%
CTAS Cintas Corp. 0.02% 1,425 $318K No change
MRSH Marsh & McLennan Cos 0.02% 1,277 $279K No change
UNM Unum Group 0.02% 3,270 $264K No change
META Meta Platforms Inc. Class A 0.02% 350 $258K New
AFL Aflac Inc. 0.02% 2,440 $257K No change
IJH iShares Core S&P Midcap ETF 0.02% 4,000 $248K New
ITW Illinois Tool Works 0.02% 950 $235K No change
IVV iShares Core S&P 500 ETF 0.02% 377 $234K No change
GIS General Mills Inc. 0.02% 4,405 $228K Reduce -26.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 211 $219K No change
NEE Nextera Energy Inc. 0.01% 3,037 $211K Reduce -9.0%
AXP American Express Co. 0.01% 650 $207K New

Portfolio Sells Q1 2025 → Q2 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 2.19% −0.26
GPN Global Payments Inc. Reduce -7.7% 0.49% −0.17
ACN Accenture PLC Class A Reduce -6.1% 1.28% −0.17
ADP Automatic Data Processing Reduce -0.4% 6.48% −0.08
XOM Exxon Mobil Corp. Reduce -0.5% 0.55% −0.07
ABBV Abbvie Inc. Reduce -2.4% 0.31% −0.05
PFE Pfizer Inc. Reduce -29.1% 0.06% −0.03
WAT Waters Corp. Reduce -3.3% 0.19% −0.02
SLB SLB Ltd. Sold out 0.00% −0.02
EXPD Expeditors Intl Wash Inc. Reduce -4.2% 0.11% −0.01
GIS General Mills Inc. Reduce -26.0% 0.02% −0.01
AMGN Amgen Inc. Reduce -1.2% 0.06% −0.01
CL Colgate-Palmolive Co. Reduce -5.2% 0.05% −0.01
INTC Intel Corp. Reduce -0.3% 0.12% −0.00
SYY Sysco Corp. Reduce -2.0% 0.09% −0.00
WDS Woodside Energy Group-ADR Reduce -5.9% 0.15% −0.00
NEE Nextera Energy Inc. Reduce -9.0% 0.01% −0.00
IWM iShares Russell 2000 ETF Reduce -12.3% 0.02% −0.00
SOLV Solventum Corp. Reduce -1.0% 0.02% −0.00
ABT Abbott Laboratories Reduce -0.7% 0.31% −0.00
WFC Wells Fargo & Co. Reduce -8.1% 0.03% +0.00
MMM 3M Co. Reduce -0.4% 0.16% +0.00
NVS Novartis AG-Sponsored ADR Reduce -1.1% 0.14% +0.01
IBM Intl Business Machines Corp. Reduce -4.4% 0.15% +0.02
AVGO Broadcom Inc. Reduce -10.1% 0.05% +0.02
MA Mastercard Inc. Class A Reduce -0.3% 5.46% +0.03
STT State Street Corp. Reduce -1.3% 0.35% +0.05
EMR Emerson Electric Co. Reduce -0.8% 0.31% +0.05
GEV GE Vernova Inc. Reduce -0.5% 0.14% +0.06
CSCO Cisco Systems Inc. Reduce -2.0% 0.88% +0.07
GE General Electric Reduce -2.4% 0.41% +0.08
INTU Intuit Inc. Reduce -0.2% 2.61% +0.53

Portfolio Buys Q1 2025 → Q2 2025
MSFT Microsoft Corp. Add +0.3% 6.18% +1.43
GOOG Alphabet Inc. Class C Add +0.9% 5.66% +0.62
AMZN Amazon.com Inc. Add +1.1% 2.89% +0.36
CAT Caterpillar Inc. Add +0.6% 1.83% +0.26
FAST Fastenal Co. Add +0.4% 3.22% +0.21
NVDA Nvidia Corp. Add +34.1% 0.42% +0.20
SNPS Synopsys Inc. Add +26.8% 0.45% +0.15
QCOM Qualcomm Inc. Add +3.7% 1.77% +0.09
RTO Rentokil Initial PLC-SP ADR Add +2.9% 1.33% +0.07
JPM JPMorgan Chase & Co. Add +2.9% 0.44% +0.07
IJR iShares Core S&P Small-Cap E New 0.07% +0.07
SYK Stryker Corp. Add +0.6% 1.35% +0.06
KMI Kinder Morgan Inc. Add +0.5% 3.57% +0.05
IEFA iShares Core MSCI Eafe ETF New 0.05% +0.05
LOW Lowe's Cos Inc. New 0.04% +0.04
MS Morgan Stanley Add +179.9% 0.05% +0.04
COST Costco Wholesale Corp. Add +6.8% 0.34% +0.03
V Visa Inc. Class A Add +17.4% 0.21% +0.03
BLK BlackRock Inc. New 0.03% +0.03
ETN Eaton Corp. PLC New 0.03% +0.03
PANW Palo Alto Networks Inc. New 0.03% +0.03
QSR Restaurant Brands Intern Add +16.7% 0.19% +0.02
UNP Union Pacific Corp. Add +37.5% 0.10% +0.02
META Meta Platforms Inc. Class A New 0.02% +0.02
IJH iShares Core S&P Midcap ETF New 0.02% +0.02
CRM Salesforce Inc. Add +34.6% 0.06% +0.01
KEYS Keysight Technologies Inc. Add +6.2% 0.12% +0.01
AXP American Express Co. New 0.01% +0.01
ECL Ecolab Inc. Add +0.1% 0.28% +0.01
DHR Danaher Corp. Add +17.4% 0.11% +0.01
CB Chubb Ltd. Add +17.0% 0.10% +0.01
T AT&T Inc. Add +20.5% 0.04% +0.01
ASO Academy Sports & Outdoors Inc. Add +6.0% 0.03% +0.00
CVS CVS Health Corp. Add +0.1% 0.47% +0.00
NVO Novo-Nordisk A/S-Spons ADR Add +2.2% 2.28% +0.00
SHW The Sherwin-Williams Co. Add +2.5% 0.22% −0.00
TJX TJX Companies Inc. Add +0.3% 3.31% −0.00
BHP BHP Group Ltd.-Spon ADR Add +0.5% 0.23% −0.01
LIN Linde PLC Add +0.7% 1.83% −0.01
SO The Southern Co. Add +0.7% 1.15% −0.01
MKC McCormick & Co.-Non VTG SHRS Add +4.0% 0.24% −0.01
APD Air Products & Chemicals Inc. Add +3.4% 0.94% −0.03
MDT Medtronic PLC Add +0.9% 0.92% −0.03
KO The Coca-Cola Co. Add +0.2% 2.11% −0.06
ALC Alcon Inc. Add +0.9% 1.04% −0.08
VZ Verizon Communications Inc. Add +1.6% 2.26% −0.11
IQV Iqvia Holdings Inc. Add +1.6% 1.20% −0.14
TMO Thermo Fisher Scientific Inc. Add +5.2% 0.79% −0.15
PG The Procter & Gamble Co. Add +0.3% 3.99% −0.34
MRK Merck & Co. Inc. Add +0.2% 2.39% −0.35

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 109$1.6BAAPL, GOOG, JNJ, MA, MSFT
Q1 2026 105$1.5BAAPL, GOOG, JNJ, MA, MSFT
Q4 2025 107$1.6BAAPL, GOOG, JNJ, MSFT, MA
Q3 2025 106$1.6BAAPL, GOOG, MSFT, JNJ, ADP
Q2 2025 104$1.5BAAPL, ADP, MSFT, GOOG, MA
Q1 2025 96$1.5BAAPL, ADP, JNJ, MA, GOOG
Q4 2024 101$1.5BAAPL, ADP, GOOG, MSFT, MA
Q3 2024 104$1.5BAAPL, ADP, JNJ, GOOG, MSFT
Q2 2024 97$1.5BAAPL, GOOG, MSFT, ADP, JNJ
Q1 2024 102$1.5BAAPL, ADP, MSFT, JNJ, GOOG