Nichols & Pratt Advisers LLP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Nichols & Pratt Advisers LLP reported 107 stock positions worth $1.6 billion. Its top holding was Apple (AAPL) at 9.1% of the portfolio, followed by Alphabet Class C (GOOG, 8.9%) and Johnson & Johnson (JNJ, 6.3%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 32 and reduced 48. The biggest buy was Synopsys (SNPS, shares +108%) and the biggest sale Fiserv (FISV, shares −11%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001141781
Portfolio Value
$1.6B (Q4 2025)
SEC Filing
0001141781-26-000001 ↗ filed Jan 29, 2026

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 Q3 2025 Q4 2025: $1.6B $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 107 stocks · $1.6B
AAPL Apple Inc. 9.10% 535,089 $145.5M Reduce -1.9%
GOOG Alphabet Inc. Class C 8.92% 454,563 $142.6M Reduce -4.1%
JNJ Johnson & Johnson 6.26% 484,149 $100.2M Reduce -5.3%
MSFT Microsoft Corp. 5.51% 182,183 $88.1M Reduce -0.6%
MA Mastercard Inc. Class A 5.18% 145,132 $82.9M Reduce -0.1%
ADP Automatic Data Processing 4.89% 304,220 $78.3M Reduce -1.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.78% 393,518 $60.4M Reduce -2.3%
PG The Procter & Gamble Co. 3.37% 375,671 $53.8M Reduce -0.1%
PEP Pepsico Inc. 3.21% 357,347 $51.3M Add +0.2%
KMI Kinder Morgan Inc. 3.14% 1,829,062 $50.3M Reduce -0.0%
MRK Merck & Co. Inc. 2.97% 451,621 $47.5M Reduce -0.7%
AMZN Amazon.com Inc. 2.92% 202,451 $46.7M Add +0.9%
FAST Fastenal Co. 2.89% 1,152,129 $46.2M Reduce -0.1%
CAT Caterpillar Inc. 2.16% 60,392 $34.6M Reduce -15.4%
INTU Intuit Inc. 2.10% 50,802 $33.7M Reduce -0.2%
VZ Verizon Communications Inc. 2.02% 793,686 $32.3M Add +0.4%
BRK.B Berkshire Hathaway Inc. Class B 1.93% 61,535 $30.9M Reduce -9.1%
KO The Coca-Cola Co. 1.92% 440,205 $30.8M Reduce -1.2%
QCOM Qualcomm Inc. 1.87% 174,574 $29.9M Add +0.7%
RTO Rentokil Initial PLC-SP ADR 1.84% 997,112 $29.4M Add +14.4%
IQV Iqvia Holdings Inc. 1.74% 123,745 $27.9M Add +0.9%
LIN Linde PLC 1.64% 61,631 $26.3M Add +2.5%
NVO Novo-Nordisk A/S-Spons ADR 1.55% 487,625 $24.8M Reduce -2.7%
TMO Thermo Fisher Scientific Inc. 1.51% 41,718 $24.2M Add +3.4%
FISV Fiserv Inc. 1.28% 305,682 $20.5M Reduce -11.4%
SYK Stryker Corp. 1.12% 51,146 $18.0M Add +0.1%
SNPS Synopsys Inc. 1.04% 35,411 $16.6M Add +108.4%
SO The Southern Co. 1.02% 186,548 $16.3M No change
APD Air Products & Chemicals Inc. 0.96% 62,116 $15.3M Add +22.3%
MDT Medtronic PLC 0.95% 158,148 $15.2M Add +0.2%
CSCO Cisco Systems Inc. 0.88% 182,013 $14.0M Reduce -2.0%
ALC Alcon Inc. filed as ALCON AG 0.87% 177,161 $14.0M Add +0.0%
ACN Accenture PLC Class A 0.84% 50,226 $13.5M Reduce -9.4%
XOM Exxon Mobil Corp. 0.57% 75,293 $9.1M Reduce -2.3%
JPM JPMorgan Chase & Co. 0.46% 22,733 $7.3M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.45% 23,129 $7.1M Reduce -1.5%
GPN Global Payments Inc. 0.39% 81,471 $6.3M Reduce -12.6%
STT State Street Corp. 0.39% 47,895 $6.2M Reduce -1.0%
NVDA Nvidia Corp. 0.37% 31,470 $5.9M Reduce -10.9%
ABBV Abbvie Inc. 0.35% 24,632 $5.6M Add +0.5%
COST Costco Wholesale Corp. 0.31% 5,827 $5.0M Add +3.8%
BHP BHP Group Ltd.-Spon ADR 0.27% 72,539 $4.4M Reduce -1.3%
ABT Abbott Laboratories 0.27% 33,920 $4.2M Reduce -0.2%
EMR Emerson Electric Co. 0.26% 31,227 $4.1M Reduce -6.0%
ECL Ecolab Inc. 0.25% 15,372 $4.0M Add +0.9%
RTX RTX Corp. 0.25% 21,607 $4.0M Add +1.6%
QSR Restaurant Brands Intern 0.23% 53,634 $3.7M Add +24.2%
V Visa Inc. Class A 0.19% 8,697 $3.1M Reduce -0.0%
SHW The Sherwin-Williams Co. 0.19% 9,303 $3.0M No change
MKC McCormick & Co.-Non VTG SHRS 0.18% 41,855 $2.9M Reduce -7.7%
INTC Intel Corp. 0.18% 76,716 $2.8M Reduce -0.1%
GOOGL Alphabet Inc. Class A 0.16% 8,370 $2.6M Reduce -1.5%
GEV GE Vernova Inc. 0.16% 3,912 $2.6M Reduce -0.6%
WAT Waters Corp. 0.16% 6,701 $2.5M Reduce -8.2%
MMM 3M Co. 0.16% 15,535 $2.5M Reduce -0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 8,288 $2.5M Add +7.8%
KEYS Keysight Technologies Inc. 0.15% 11,963 $2.4M Add +9.6%
NVS Novartis AG-Sponsored ADR 0.15% 17,347 $2.4M Add +0.6%
WDS Woodside Energy Group-ADR 0.14% 145,864 $2.3M Reduce -1.0%
EXPD Expeditors Intl Wash Inc. 0.11% 12,296 $1.8M Reduce -2.4%
CB Chubb Ltd. 0.11% 5,714 $1.8M Add +4.7%
DHR Danaher Corp. 0.10% 6,976 $1.6M No change
SPGI S&P Global Inc. 0.10% 2,960 $1.5M Reduce -0.1%
UNP Union Pacific Corp. 0.09% 6,238 $1.4M No change
IJR iShares Core S&P Small-Cap E 0.08% 11,230 $1.3M Add +21.0%
SYY Sysco Corp. 0.07% 15,771 $1.2M Reduce -7.4%
AVGO Broadcom Inc. 0.07% 3,167 $1.1M Add +18.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 1,500 $1.0M Add +0.9%
AMGN Amgen Inc. 0.06% 2,847 $932K Reduce -6.6%
CRM Salesforce Inc. 0.05% 3,147 $834K Add +1.0%
IEFA iShares Core MSCI Eafe ETF 0.05% 9,000 $805K No change
SHOP Shopify Inc. Class A 0.05% 4,664 $751K Reduce -0.1%
MS Morgan Stanley 0.05% 4,195 $745K Add +6.3%
CVX Chevron Corp. 0.04% 4,518 $689K Add +7.9%
LOW Lowe's Cos Inc. 0.04% 2,850 $687K No change
PFE Pfizer Inc. 0.04% 22,700 $565K Reduce -2.2%
BMY Bristol-Myers Squibb Co. 0.03% 10,145 $547K No change
T AT&T Inc. 0.03% 21,091 $524K Reduce -3.9%
ASO Academy Sports & Outdoors Inc. 0.03% 10,300 $515K No change
WFC Wells Fargo & Co. 0.03% 5,500 $513K Reduce -3.5%
ADBE Adobe Inc. 0.03% 1,428 $500K Reduce -5.0%
BLK BlackRock Inc. 0.03% 455 $487K Add +9.6%
ALNY Alnylam Pharmaceuticals Inc. 0.03% 1,039 $413K Reduce -0.4%
CL Colgate-Palmolive Co. 0.03% 5,065 $400K No change
IWM iShares Russell 2000 ETF 0.02% 1,585 $390K No change
PANW Palo Alto Networks Inc. 0.02% 2,050 $378K No change
ETN Eaton Corp. PLC 0.02% 1,176 $375K No change
HD Home Depot Inc. 0.02% 1,075 $370K Add +7.5%
MCD McDonald's Corp. 0.02% 1,200 $367K Reduce -7.7%
EFA iShares MSCI Eafe ETF 0.02% 3,592 $345K New
NEE Nextera Energy Inc. 0.02% 3,837 $308K Add +26.3%
CTAS Cintas Corp. 0.02% 1,425 $268K No change
NOW ServiceNow Inc. 0.02% 1,730 $265K Add +4.8%
UNM Unum Group 0.02% 3,270 $253K No change
CMI Cummins Inc. 0.02% 485 $248K No change
MRSH Marsh & McLennan Cos 0.01% 1,277 $237K No change
AFL Aflac Inc. 0.01% 2,140 $236K No change
ITW Illinois Tool Works 0.01% 950 $234K No change
AXP American Express Co. 0.01% 625 $231K No change
META Meta Platforms Inc. Class A 0.01% 350 $231K No change

Show all 107 holdings

Portfolio Sells Q3 2025 → Q4 2025
FISV Fiserv Inc. Reduce -11.4% 1.28% −1.52
ADP Automatic Data Processing Reduce -1.2% 4.89% −0.82
FAST Fastenal Co. Reduce -0.1% 2.89% −0.68
MSFT Microsoft Corp. Reduce -0.6% 5.51% −0.49
PG The Procter & Gamble Co. Reduce -0.1% 3.37% −0.28
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.1% 1.93% −0.22
NVO Novo-Nordisk A/S-Spons ADR Reduce -2.7% 1.55% −0.20
KMI Kinder Morgan Inc. Reduce -0.0% 3.14% −0.13
GPN Global Payments Inc. Reduce -12.6% 0.39% −0.09
INTU Intuit Inc. Reduce -0.2% 2.10% −0.09
NVDA Nvidia Corp. Reduce -10.9% 0.37% −0.05
MA Mastercard Inc. Class A Reduce -0.1% 5.18% −0.04
ABT Abbott Laboratories Reduce -0.2% 0.27% −0.02
ACN Accenture PLC Class A Reduce -9.4% 0.84% −0.02
SOLV Solventum Corp. Sold out 0.00% −0.02
EMR Emerson Electric Co. Reduce -6.0% 0.26% −0.02
SYY Sysco Corp. Reduce -7.4% 0.07% −0.02
CVS CVS Health Corp. Sold out 0.00% −0.02
VMC Vulcan Materials Co. Sold out 0.00% −0.01
MKC McCormick & Co.-Non VTG SHRS Reduce -7.7% 0.18% −0.01
T AT&T Inc. Reduce -3.9% 0.03% −0.01
ALNY Alnylam Pharmaceuticals Inc. Reduce -0.4% 0.03% −0.00
ADBE Adobe Inc. Reduce -5.0% 0.03% −0.00
MCD McDonald's Corp. Reduce -7.7% 0.02% −0.00
PFE Pfizer Inc. Reduce -2.2% 0.04% −0.00
IVV iShares Core S&P 500 ETF Reduce -13.3% 0.01% −0.00
GE General Electric Reduce -1.5% 0.45% −0.00
WFC Wells Fargo & Co. Reduce -3.5% 0.03% +0.00
WDS Woodside Energy Group-ADR Reduce -1.0% 0.14% +0.00
MMM 3M Co. Reduce -0.5% 0.16% +0.00
SHOP Shopify Inc. Class A Reduce -0.1% 0.05% +0.00
V Visa Inc. Class A Reduce -0.0% 0.19% +0.00
JPM JPMorgan Chase & Co. Reduce -0.3% 0.46% +0.00
AMGN Amgen Inc. Reduce -6.6% 0.06% +0.00
SPGI S&P Global Inc. Reduce -0.1% 0.10% +0.01
GEV GE Vernova Inc. Reduce -0.6% 0.16% +0.01
CAT Caterpillar Inc. Reduce -15.4% 2.16% +0.01
INTC Intel Corp. Reduce -0.1% 0.18% +0.01
BHP BHP Group Ltd.-Spon ADR Reduce -1.3% 0.27% +0.01
EXPD Expeditors Intl Wash Inc. Reduce -2.4% 0.11% +0.02
XOM Exxon Mobil Corp. Reduce -2.3% 0.57% +0.02
WAT Waters Corp. Reduce -8.2% 0.16% +0.02
STT State Street Corp. Reduce -1.0% 0.39% +0.03
GOOGL Alphabet Inc. Class A Reduce -1.5% 0.16% +0.03
KO The Coca-Cola Co. Reduce -1.2% 1.92% +0.06
CSCO Cisco Systems Inc. Reduce -2.0% 0.88% +0.07
TJX TJX Companies Inc. Reduce -2.3% 3.78% +0.10
JNJ Johnson & Johnson Reduce -5.3% 6.26% +0.28
AAPL Apple Inc. Reduce -1.9% 9.10% +0.32
MRK Merck & Co. Inc. Reduce -0.7% 2.97% +0.56

Portfolio Buys Q3 2025 → Q4 2025
SNPS Synopsys Inc. Add +108.4% 1.04% +0.51
RTO Rentokil Initial PLC-SP ADR Add +14.4% 1.84% +0.45
TMO Thermo Fisher Scientific Inc. Add +3.4% 1.51% +0.28
IQV Iqvia Holdings Inc. Add +0.9% 1.74% +0.27
AMZN Amazon.com Inc. Add +0.9% 2.92% +0.14
APD Air Products & Chemicals Inc. Add +22.3% 0.96% +0.08
QSR Restaurant Brands Intern Add +24.2% 0.23% +0.05
QCOM Qualcomm Inc. Add +0.7% 1.87% +0.05
PEP Pepsico Inc. Add +0.2% 3.21% +0.04
ALC Alcon Inc. Add +0.0% 0.87% +0.04
KEYS Keysight Technologies Inc. Add +9.6% 0.15% +0.03
RTX RTX Corp. Add +1.6% 0.25% +0.02
EFA iShares MSCI Eafe ETF New 0.02% +0.02
IBM Intl Business Machines Corp. Add +7.8% 0.15% +0.02
IJR iShares Core S&P Small-Cap E Add +21.0% 0.08% +0.01
CB Chubb Ltd. Add +4.7% 0.11% +0.01
AVGO Broadcom Inc. Add +18.3% 0.07% +0.01
APH Amphenol Corp. Class A New 0.01% +0.01
INDB Independent Bank Corp. New 0.01% +0.01
MDY State Street SPDR S&P Midcap New 0.01% +0.01
NVS Novartis AG-Sponsored ADR Add +0.6% 0.15% +0.01
MS Morgan Stanley Add +6.3% 0.05% +0.01
CRM Salesforce Inc. Add +1.0% 0.05% +0.01
NEE Nextera Energy Inc. Add +26.3% 0.02% +0.00
CVX Chevron Corp. Add +7.9% 0.04% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.9% 0.06% +0.00
MDT Medtronic PLC Add +0.2% 0.95% +0.00
BLK BlackRock Inc. Add +9.6% 0.03% −0.00
HD Home Depot Inc. Add +7.5% 0.02% −0.00
NOW ServiceNow Inc. Add +4.8% 0.02% −0.00
ABBV Abbvie Inc. Add +0.5% 0.35% −0.01
ECL Ecolab Inc. Add +0.9% 0.25% −0.01
COST Costco Wholesale Corp. Add +3.8% 0.31% −0.01
SYK Stryker Corp. Add +0.1% 1.12% −0.07
LIN Linde PLC Add +2.5% 1.64% −0.16
VZ Verizon Communications Inc. Add +0.4% 2.02% −0.17

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