Nichols & Pratt Advisers LLP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Nichols & Pratt Advisers LLP reported 106 stock positions worth $1.6 billion. Its top holding was Apple (AAPL) at 8.8% of the portfolio, followed by Alphabet Class C (GOOG, 7.3%) and Microsoft (MSFT, 6.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 42 and reduced 24. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Automatic Data Processing (ADP, shares −2%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001141781
Portfolio Value
$1.6B (Q3 2025)
SEC Filing
0001141781-25-000011 ↗ filed Nov 4, 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 Q2 2025 Q3 2025: $1.6B $1.6B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 106 stocks · $1.6B
AAPL Apple Inc. 8.77% 545,397 $138.9M Add +0.8%
GOOG Alphabet Inc. Class C 7.29% 474,140 $115.5M Reduce -0.4%
MSFT Microsoft Corp. 6.00% 183,358 $95.0M Reduce -1.1%
JNJ Johnson & Johnson 5.99% 511,190 $94.8M Add +0.9%
ADP Automatic Data Processing 5.71% 307,979 $90.4M Reduce -1.6%
MA Mastercard Inc. Class A 5.22% 145,265 $82.6M Add +0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.68% 402,777 $58.2M Add +1.0%
PG The Procter & Gamble Co. 3.65% 376,167 $57.8M Add +0.8%
FAST Fastenal Co. 3.57% 1,153,474 $56.6M Add +1.2%
KMI Kinder Morgan Inc. 3.27% 1,829,160 $51.8M Add +1.0%
PEP Pepsico Inc. 3.16% 356,755 $50.1M Add +0.4%
FISV Fiserv Inc. 2.81% 344,876 $44.5M Add +5.1%
AMZN Amazon.com Inc. 2.78% 200,581 $44.0M Add +2.3%
MRK Merck & Co. Inc. 2.41% 454,832 $38.2M Add +1.4%
INTU Intuit Inc. 2.19% 50,887 $34.8M Add +3.0%
VZ Verizon Communications Inc. 2.19% 790,316 $34.7M Add +1.8%
CAT Caterpillar Inc. 2.15% 71,430 $34.1M Add +1.6%
BRK.B Berkshire Hathaway Inc. Class B 2.15% 67,680 $34.0M Add +0.9%
KO The Coca-Cola Co. 1.87% 445,655 $29.6M Add +0.5%
QCOM Qualcomm Inc. 1.82% 173,369 $28.8M Add +4.9%
LIN Linde PLC 1.80% 60,121 $28.6M Add +3.3%
NVO Novo-Nordisk A/S-Spons ADR 1.76% 500,991 $27.8M Add +1.8%
IQV Iqvia Holdings Inc. 1.47% 122,603 $23.3M Add +8.6%
RTO Rentokil Initial PLC-SP ADR 1.39% 871,415 $22.0M Add +5.8%
TMO Thermo Fisher Scientific Inc. 1.24% 40,359 $19.6M Add +38.2%
SYK Stryker Corp. 1.19% 51,116 $18.9M Add +0.8%
SO The Southern Co. 1.12% 186,548 $17.7M Add +0.2%
MDT Medtronic PLC 0.95% 157,878 $15.0M Add +0.1%
APD Air Products & Chemicals Inc. 0.88% 50,806 $13.9M Add +2.3%
ACN Accenture PLC Class A 0.86% 55,456 $13.7M Reduce -13.1%
ALC Alcon Inc. filed as ALCON AG 0.83% 177,137 $13.2M Add +0.7%
CSCO Cisco Systems Inc. 0.80% 185,781 $12.7M Reduce -1.3%
XOM Exxon Mobil Corp. 0.55% 77,029 $8.7M Add +0.8%
SNPS Synopsys Inc. 0.53% 16,991 $8.4M Add +30.1%
GPN Global Payments Inc. 0.49% 93,214 $7.7M Add +1.2%
JPM JPMorgan Chase & Co. 0.45% 22,797 $7.2M No change
GE General Electric filed as GE AEROSPACE 0.45% 23,482 $7.1M No change
NVDA Nvidia Corp. 0.42% 35,340 $6.6M Reduce -10.2%
ABBV Abbvie Inc. 0.36% 24,499 $5.7M Reduce -1.1%
STT State Street Corp. 0.35% 48,395 $5.6M Reduce -1.0%
COST Costco Wholesale Corp. 0.33% 5,616 $5.2M Add +9.3%
ABT Abbott Laboratories 0.29% 33,977 $4.6M Add +1.5%
EMR Emerson Electric Co. 0.28% 33,237 $4.4M Reduce -5.3%
ECL Ecolab Inc. 0.26% 15,230 $4.2M No change
BHP BHP Group Ltd.-Spon ADR 0.26% 73,504 $4.1M Add +1.2%
RTX RTX Corp. 0.22% 21,257 $3.6M No change
SHW The Sherwin-Williams Co. 0.20% 9,303 $3.2M Add +0.2%
MKC McCormick & Co.-Non VTG SHRS 0.19% 45,352 $3.0M Reduce -3.3%
V Visa Inc. Class A 0.19% 8,699 $3.0M No change
QSR Restaurant Brands Intern 0.17% 43,169 $2.8M Add +3.1%
INTC Intel Corp. 0.16% 76,778 $2.6M Reduce -1.0%
MMM 3M Co. 0.15% 15,605 $2.4M Reduce -3.2%
GEV GE Vernova Inc. 0.15% 3,934 $2.4M No change
WDS Woodside Energy Group-ADR 0.14% 147,345 $2.2M Reduce -0.8%
NVS Novartis AG-Sponsored ADR 0.14% 17,237 $2.2M No change
WAT Waters Corp. 0.14% 7,301 $2.2M Reduce -11.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 7,688 $2.2M Add +1.1%
GOOGL Alphabet Inc. Class A 0.13% 8,495 $2.1M No change
KEYS Keysight Technologies Inc. 0.12% 10,920 $1.9M Add +4.0%
EXPD Expeditors Intl Wash Inc. 0.10% 12,596 $1.5M Reduce -9.8%
CB Chubb Ltd. 0.10% 5,460 $1.5M Add +10.9%
UNP Union Pacific Corp. 0.09% 6,238 $1.5M No change
SPGI S&P Global Inc. 0.09% 2,962 $1.4M No change
SYY Sysco Corp. 0.09% 17,025 $1.4M No change
DHR Danaher Corp. 0.09% 6,976 $1.4M Reduce -13.7%
IJR iShares Core S&P Small-Cap E 0.07% 9,280 $1.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 1,486 $990K No change
AVGO Broadcom Inc. 0.06% 2,677 $883K No change
AMGN Amgen Inc. 0.05% 3,047 $860K No change
IEFA iShares Core MSCI Eafe ETF 0.05% 9,000 $786K No change
CRM Salesforce Inc. 0.05% 3,115 $738K No change
LOW Lowe's Cos Inc. 0.05% 2,850 $716K No change
SHOP Shopify Inc. Class A 0.04% 4,668 $694K No change
CVX Chevron Corp. 0.04% 4,188 $650K No change
MS Morgan Stanley 0.04% 3,945 $627K Reduce -27.6%
T AT&T Inc. 0.04% 21,941 $620K Add +4.0%
PFE Pfizer Inc. 0.04% 23,200 $591K Reduce -31.8%
ADBE Adobe Inc. 0.03% 1,503 $530K No change
ASO Academy Sports & Outdoors Inc. 0.03% 10,300 $515K Add +15.7%
BLK BlackRock Inc. 0.03% 415 $484K No change
WFC Wells Fargo & Co. 0.03% 5,700 $478K No change
ALNY Alnylam Pharmaceuticals Inc. 0.03% 1,043 $476K No change
BMY Bristol-Myers Squibb Co. 0.03% 10,145 $458K Reduce -16.5%
ETN Eaton Corp. PLC 0.03% 1,176 $440K No change
PANW Palo Alto Networks Inc. 0.03% 2,050 $417K No change
HD Home Depot Inc. 0.03% 1,000 $405K Reduce -19.2%
CL Colgate-Palmolive Co. 0.03% 5,065 $405K Reduce -36.4%
MCD McDonald's Corp. 0.03% 1,300 $395K No change
IWM iShares Russell 2000 ETF 0.02% 1,585 $384K Add +5.5%
SOLV Solventum Corp. 0.02% 4,564 $333K Add +7.2%
NOW ServiceNow Inc. 0.02% 330 $304K No change
CTAS Cintas Corp. 0.02% 1,425 $292K No change
MRSH Marsh & McLennan Cos 0.02% 1,277 $257K No change
META Meta Platforms Inc. Class A 0.02% 350 $257K No change
UNM Unum Group 0.02% 3,270 $254K No change
IVV iShares Core S&P 500 ETF 0.02% 377 $252K No change
ITW Illinois Tool Works 0.02% 950 $248K No change
CVS CVS Health Corp. 0.02% 3,183 $240K Reduce -96.9%
AFL Aflac Inc. 0.02% 2,140 $239K Reduce -12.3%
HON Honeywell International Inc. 0.01% 1,100 $232K New
NEE Nextera Energy Inc. 0.01% 3,037 $229K No change
GIS General Mills Inc. 0.01% 4,405 $222K No change
VMC Vulcan Materials Co. 0.01% 700 $215K New
AXP American Express Co. 0.01% 625 $208K Reduce -3.9%
CMI Cummins Inc. 0.01% 485 $205K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 211 $201K No change

Portfolio Sells Q2 2025 → Q3 2025
ADP Automatic Data Processing Reduce -1.6% 5.71% −0.77
CVS CVS Health Corp. Reduce -96.9% 0.02% −0.46
ACN Accenture PLC Class A Reduce -13.1% 0.86% −0.42
MSFT Microsoft Corp. Reduce -1.1% 6.00% −0.18
CSCO Cisco Systems Inc. Reduce -1.3% 0.80% −0.07
WAT Waters Corp. Reduce -11.4% 0.14% −0.05
MKC McCormick & Co.-Non VTG SHRS Reduce -3.3% 0.19% −0.05
EMR Emerson Electric Co. Reduce -5.3% 0.28% −0.04
CL Colgate-Palmolive Co. Reduce -36.4% 0.03% −0.02
DHR Danaher Corp. Reduce -13.7% 0.09% −0.02
PFE Pfizer Inc. Reduce -31.8% 0.04% −0.02
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.02
WDS Woodside Energy Group-ADR Reduce -0.8% 0.14% −0.01
MS Morgan Stanley Reduce -27.6% 0.04% −0.01
MMM 3M Co. Reduce -3.2% 0.15% −0.01
EXPD Expeditors Intl Wash Inc. Reduce -9.8% 0.10% −0.01
BMY Bristol-Myers Squibb Co. Reduce -16.5% 0.03% −0.01
HD Home Depot Inc. Reduce -19.2% 0.03% −0.00
AFL Aflac Inc. Reduce -12.3% 0.02% −0.00
AXP American Express Co. Reduce -3.9% 0.01% −0.00
NVDA Nvidia Corp. Reduce -10.2% 0.42% −0.00
STT State Street Corp. Reduce -1.0% 0.35% +0.01
INTC Intel Corp. Reduce -1.0% 0.16% +0.05
ABBV Abbvie Inc. Reduce -1.1% 0.36% +0.05
GOOG Alphabet Inc. Class C Reduce -0.4% 7.29% +1.63

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +0.8% 8.77% +1.31
JNJ Johnson & Johnson Add +0.9% 5.99% +0.79
TMO Thermo Fisher Scientific Inc. Add +38.2% 1.24% +0.44
TJX TJX Companies Inc. Add +1.0% 3.68% +0.37
FAST Fastenal Co. Add +1.2% 3.57% +0.35
CAT Caterpillar Inc. Add +1.6% 2.15% +0.32
IQV Iqvia Holdings Inc. Add +8.6% 1.47% +0.27
SNPS Synopsys Inc. Add +30.1% 0.53% +0.08
RTO Rentokil Initial PLC-SP ADR Add +5.8% 1.39% +0.06
QCOM Qualcomm Inc. Add +4.9% 1.82% +0.06
MDT Medtronic PLC Add +0.1% 0.95% +0.03
BHP BHP Group Ltd.-Spon ADR Add +1.2% 0.26% +0.02
MRK Merck & Co. Inc. Add +1.4% 2.41% +0.02
HON Honeywell International Inc. New 0.01% +0.01
VMC Vulcan Materials Co. New 0.01% +0.01
CMI Cummins Inc. New 0.01% +0.01
PEP Pepsico Inc. Add +0.4% 3.16% +0.01
KEYS Keysight Technologies Inc. Add +4.0% 0.12% +0.01
ASO Academy Sports & Outdoors Inc. Add +15.7% 0.03% +0.01
IWM iShares Russell 2000 ETF Add +5.5% 0.02% +0.00
CB Chubb Ltd. Add +10.9% 0.10% +0.00
SOLV Solventum Corp. Add +7.2% 0.02% −0.00
T AT&T Inc. Add +4.0% 0.04% −0.00
XOM Exxon Mobil Corp. Add +0.8% 0.55% −0.00
GPN Global Payments Inc. Add +1.2% 0.49% −0.01
QSR Restaurant Brands Intern Add +3.1% 0.17% −0.01
SHW The Sherwin-Williams Co. Add +0.2% 0.20% −0.01
COST Costco Wholesale Corp. Add +9.3% 0.33% −0.01
IBM Intl Business Machines Corp. Add +1.1% 0.14% −0.01
ABT Abbott Laboratories Add +1.5% 0.29% −0.02
LIN Linde PLC Add +3.3% 1.80% −0.03
SO The Southern Co. Add +0.2% 1.12% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.9% 2.15% −0.04
VZ Verizon Communications Inc. Add +1.8% 2.19% −0.06
APD Air Products & Chemicals Inc. Add +2.3% 0.88% −0.07
AMZN Amazon.com Inc. Add +2.3% 2.78% −0.11
SYK Stryker Corp. Add +0.8% 1.19% −0.15
ALC Alcon Inc. Add +0.7% 0.83% −0.21
KO The Coca-Cola Co. Add +0.5% 1.87% −0.24
MA Mastercard Inc. Class A Add +0.3% 5.22% −0.24
KMI Kinder Morgan Inc. Add +1.0% 3.27% −0.30
PG The Procter & Gamble Co. Add +0.8% 3.65% −0.34
INTU Intuit Inc. Add +3.0% 2.19% −0.41
NVO Novo-Nordisk A/S-Spons ADR Add +1.8% 1.76% −0.52
FISV Fiserv Inc. Add +5.1% 2.81% −0.99

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