Physicians Financial Services, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Physicians Financial Services, Inc. reported 103 stock positions worth $284.0 million. Its top holding was Apple (AAPL) at 12.8% of the portfolio, followed by Microsoft (MSFT, 6.3%) and Amazon.com (AMZN, 5.7%). Compared with Q4 2023, it opened 1 new position, sold out of 1, added to 21 and reduced 44. The biggest buy was Amazon.com (AMZN, shares +0%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
RALEIGH, NC
CIK
0001665518
Portfolio Value
$284.0M (Q1 2024)
SEC Filing
0001665518-24-000002 ↗ filed May 10, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $284.0M $284.0M Q1 2024 Q2 2024: $307.5M Q2 2024 Q3 2024: $321.6M Q3 2024 Q4 2024: $329.4M Q4 2024 Q1 2025: $314.5M Q1 2025 Q2 2025: $335.7M Q2 2025 Q3 2025: $366.3M Q3 2025 Q4 2025: $372.7M Q4 2025 Q1 2026: $365.2M Q1 2026 Q2 2026: $400.7M Q2 2026

Holdings 103 stocks · $284.0M
AAPL Apple Inc. 12.84% 212,590 $36.5M Reduce -0.0%
MSFT Microsoft Corp. 6.34% 42,814 $18.0M Reduce -0.1%
AMZN Amazon.com Inc. 5.66% 89,089 $16.1M Add +0.2%
GOOGL Alphabet Inc. Class A 4.39% 82,682 $12.5M Reduce -0.2%
NVDA Nvidia Corp. 4.29% 13,477 $12.2M No change
WMT Walmart Inc. 3.41% 161,057 $9.7M Reduce -0.3%
MA Mastercard Inc. Class A 3.05% 17,985 $8.7M No change
CAT Caterpillar Inc. 2.36% 18,315 $6.7M Add +0.1%
LOW Lowe's Cos Inc. 2.18% 24,359 $6.2M Reduce -0.2%
META Meta Platforms Inc. Class A 2.15% 12,570 $6.1M Reduce -0.8%
ADP Automatic Data Processing 2.06% 23,393 $5.8M Add +0.8%
CVX Chevron Corp. 2.02% 36,366 $5.7M Add +3.9%
MCD McDonald's Corp. 1.96% 19,727 $5.6M Reduce -0.8%
AMGN Amgen Inc. 1.78% 17,790 $5.1M Reduce -0.1%
V Visa Inc. Class A 1.70% 17,305 $4.8M Reduce -0.3%
HD Home Depot Inc. 1.57% 11,653 $4.5M Add +0.4%
PG The Procter & Gamble Co. 1.52% 26,639 $4.3M Reduce -0.8%
JNJ Johnson & Johnson 1.45% 25,947 $4.1M Reduce -4.0%
KO The Coca-Cola Co. 1.37% 63,744 $3.9M Reduce -0.2%
COST Costco Wholesale Corp. 1.34% 5,202 $3.8M Add +0.5%
CMI Cummins Inc. 1.31% 12,652 $3.7M Reduce -0.2%
PEP Pepsico Inc. 1.30% 21,178 $3.7M Add +1.2%
BA The Boeing Co. 1.29% 18,963 $3.7M Reduce -0.7%
ADBE Adobe Inc. 1.24% 6,959 $3.5M Add +0.8%
BRK.B Berkshire Hathaway Inc. Class B 1.23% 8,308 $3.5M Reduce -0.2%
LMT Lockheed Martin Corp. 1.21% 7,561 $3.4M Reduce -0.5%
PH Parker Hannifin Corp. 1.14% 5,840 $3.2M No change
UPS United Parcel Service Class B 1.08% 20,557 $3.1M Reduce -0.5%
ORCL Oracle Corp. 1.06% 24,068 $3.0M Reduce -0.8%
QCOM Qualcomm Inc. 1.04% 17,479 $3.0M Add +0.8%
TGT Target Corp. 0.84% 13,391 $2.4M Reduce -2.4%
LLY Eli Lilly & Co. 0.77% 2,813 $2.2M Add +2.2%
ABBV Abbvie Inc. 0.76% 11,885 $2.2M Reduce -3.1%
AVGO Broadcom Inc. 0.76% 1,618 $2.1M Reduce -0.3%
DE Deere & Co. 0.73% 5,062 $2.1M Reduce -1.0%
FDX FedEx Corp. 0.71% 6,950 $2.0M No change
HSY The Hershey Co. 0.70% 10,272 $2.0M Reduce -1.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.70% 10,356 $2.0M Reduce -0.5%
DUK Duke Energy Corp. 0.67% 19,582 $1.9M Add +0.6%
ITW Illinois Tool Works 0.60% 6,307 $1.7M Add +4.2%
EQIX Equinix Inc. 0.58% 1,992 $1.6M Add +1.3%
VZ Verizon Communications Inc. 0.57% 38,639 $1.6M Reduce -4.1%
MRK Merck & Co. Inc. 0.56% 12,095 $1.6M No change
AMD Advanced Micro Devices 0.54% 8,519 $1.5M Add +1.8%
NKE Nike Inc. Class B 0.54% 16,177 $1.5M Add +0.6%
JPM JPMorgan Chase & Co. 0.53% 7,562 $1.5M No change
CSCO Cisco Systems Inc. 0.53% 30,246 $1.5M Reduce -2.0%
HON Honeywell International Inc. 0.52% 7,180 $1.5M Reduce -2.7%
MMM 3M Co. 0.51% 13,780 $1.5M Reduce -2.3%
RTN Raytheon Company filed as RTX CORP 0.51% 14,879 $1.5M Add +2.1%
TFC Truist Financial Corp. 0.51% 36,827 $1.4M No change
UNP Union Pacific Corp. 0.50% 5,763 $1.4M No change
NVS Novartis AG-Sponsored ADR 0.46% 13,543 $1.3M Reduce -2.9%
TXN Texas Instruments Inc. 0.44% 7,099 $1.2M No change
PFE Pfizer Inc. 0.42% 42,998 $1.2M Reduce -2.3%
GOOG Alphabet Inc. Class C 0.41% 7,700 $1.2M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.41% 9,441 $1.2M Reduce -3.6%
BDX Becton Dickinson and Co. 0.38% 4,362 $1.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 27,451 $1.0M No change
CLX Clorox Company 0.33% 6,145 $941K Reduce -5.0%
FCNCA First Citizens Bcshs Class A 0.32% 550 $899K No change
TM Toyota Motor Corp. -Spon ADR 0.31% 3,482 $876K Reduce -1.4%
GIS General Mills Inc. 0.30% 12,120 $848K Reduce -1.8%
MAR Marriott International Class A 0.30% 3,347 $844K No change
BMY Bristol-Myers Squibb Co. 0.29% 15,288 $829K Reduce -0.7%
SYK Stryker Corp. 0.29% 2,271 $813K No change
GPC Genuine Parts Co. 0.28% 5,126 $794K No change
APD Air Products & Chemicals Inc. 0.25% 2,987 $724K Add +9.1%
EW Edwards Lifesciences Corp. 0.25% 7,441 $711K Reduce -3.3%
SHW The Sherwin-Williams Co. 0.25% 2,020 $702K Add +5.2%
AMAT Applied Materials Inc. 0.25% 3,376 $696K No change
SBUX Starbucks Corp. 0.25% 7,617 $696K Add +1.3%
LRCX Lam Research Corp. 0.24% 693 $673K No change
ABT Abbott Laboratories 0.21% 5,340 $607K Reduce -4.5%
VGT Vanguard Info Tech ETF 0.21% 1,135 $595K No change
NUE Nucor Corp. 0.21% 2,975 $589K Reduce -1.6%
EMR Emerson Electric Co. 0.20% 5,098 $578K No change
AFL Aflac Inc. 0.20% 6,686 $574K Reduce -1.5%
NOC Northrop Grumman Corp. 0.20% 1,180 $565K No change
PM Philip Morris International 0.19% 5,885 $539K No change
UL Unilever PLC 0.19% 10,563 $530K No change
MKC McCormick & Co.-Non VTG SHRS 0.18% 6,798 $522K Add +11.5%
AXP American Express Co. 0.18% 2,270 $517K Add +4.6%
PAYX Paychex Inc. 0.18% 4,152 $510K Reduce -3.5%
ADM Archer-Daniels-Midland Co. 0.17% 7,897 $496K Reduce -0.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.16% 3,620 $456K Reduce -0.6%
SWKS Skyworks Solutions Inc. 0.15% 3,970 $430K No change
REGN Regeneron Pharmaceuticals 0.13% 395 $380K No change
CHD Church & Dwight Co. Inc. 0.13% 3,502 $365K No change
COP Conocophillips 0.12% 2,613 $333K No change
FISV Fiserv Inc. 0.12% 2,065 $330K No change
PRU Prudential Financial Inc. 0.11% 2,750 $323K Reduce -3.5%
XLE SS Energy Select Sector 0.11% 3,393 $320K Reduce -6.5%
SNPS Synopsys Inc. 0.11% 560 $320K No change
LH Laboratory CRP of Amer Hldgs 0.10% 1,302 $284K No change
ZBH Zimmer Biomet Holdings Inc. 0.10% 2,129 $281K No change
MO Altria Group Inc. 0.09% 6,079 $265K No change
TSLA Tesla Inc. 0.08% 1,346 $237K No change
TTC Toro Co. 0.08% 2,540 $233K No change
COLM Columbia Sportswear Co. 0.08% 2,800 $227K No change

Show all 103 holdings

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.0% 12.84% −2.68
BA The Boeing Co. Reduce -0.7% 1.29% −0.60
MCD McDonald's Corp. Reduce -0.8% 1.96% −0.28
AMGN Amgen Inc. Reduce -0.1% 1.78% −0.16
JNJ Johnson & Johnson Reduce -4.0% 1.45% −0.16
UPS United Parcel Service Class B Reduce -0.5% 1.08% −0.16
LMT Lockheed Martin Corp. Reduce -0.5% 1.21% −0.09
GNRC Generac Holdings Inc. Sold out 0.00% −0.08
NVS Novartis AG-Sponsored ADR Reduce -2.9% 0.46% −0.07
MMM 3M Co. Reduce -2.3% 0.51% −0.07
HON Honeywell International Inc. Reduce -2.7% 0.52% −0.07
PFE Pfizer Inc. Reduce -2.3% 0.42% −0.06
CSCO Cisco Systems Inc. Reduce -2.0% 0.53% −0.06
KO The Coca-Cola Co. Reduce -0.2% 1.37% −0.05
ADM Archer-Daniels-Midland Co. Reduce -0.6% 0.17% −0.04
DE Deere & Co. Reduce -1.0% 0.73% −0.04
HSY The Hershey Co. Reduce -1.2% 0.70% −0.03
ABT Abbott Laboratories Reduce -4.5% 0.21% −0.02
CLX Clorox Company Reduce -5.0% 0.33% −0.02
PAYX Paychex Inc. Reduce -3.5% 0.18% −0.01
SJM The JM Smucker Co. Reduce -0.6% 0.16% −0.01
V Visa Inc. Class A Reduce -0.3% 1.70% −0.01
AFL Aflac Inc. Reduce -1.5% 0.20% −0.01
BMY Bristol-Myers Squibb Co. Reduce -0.7% 0.29% −0.01
GIS General Mills Inc. Reduce -1.8% 0.30% −0.01
VZ Verizon Communications Inc. Reduce -4.1% 0.57% −0.00
XLE SS Energy Select Sector Reduce -6.5% 0.11% −0.00
PRU Prudential Financial Inc. Reduce -3.5% 0.11% +0.00
TROW T Rowe Price Group Inc. Reduce -3.6% 0.41% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.2% 4.39% +0.01
NUE Nucor Corp. Reduce -1.6% 0.21% +0.01
EW Edwards Lifesciences Corp. Reduce -3.3% 0.25% +0.03
PG The Procter & Gamble Co. Reduce -0.8% 1.52% +0.03
ABBV Abbvie Inc. Reduce -3.1% 0.76% +0.04
IBM Intl Business Machines Corp. Reduce -0.5% 0.70% +0.05
TM Toyota Motor Corp. -Spon ADR Reduce -1.4% 0.31% +0.06
AVGO Broadcom Inc. Reduce -0.3% 0.76% +0.07
ORCL Oracle Corp. Reduce -0.8% 1.06% +0.09
TGT Target Corp. Reduce -2.4% 0.84% +0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.2% 1.23% +0.10
LOW Lowe's Cos Inc. Reduce -0.2% 2.18% +0.13
CMI Cummins Inc. Reduce -0.2% 1.31% +0.16
WMT Walmart Inc. Reduce -0.3% 3.41% +0.19
MSFT Microsoft Corp. Reduce -0.1% 6.34% +0.24
META Meta Platforms Inc. Class A Reduce -0.8% 2.15% +0.45

Portfolio Buys Q4 2023 → Q1 2024
AMZN Amazon.com Inc. Add +0.2% 5.66% +0.54
CAT Caterpillar Inc. Add +0.1% 2.36% +0.31
LLY Eli Lilly & Co. Add +2.2% 0.77% +0.16
QCOM Qualcomm Inc. Add +0.8% 1.04% +0.09
AMD Advanced Micro Devices Add +1.8% 0.54% +0.07
GE General Electric New 0.07% +0.07
HD Home Depot Inc. Add +0.4% 1.57% +0.05
COST Costco Wholesale Corp. Add +0.5% 1.34% +0.05
RTN Raytheon Company Add +2.1% 0.51% +0.05
CVX Chevron Corp. Add +3.9% 2.02% +0.04
AXP American Express Co. Add +4.6% 0.18% +0.03
MKC McCormick & Co.-Non VTG SHRS Add +11.5% 0.18% +0.03
SHW The Sherwin-Williams Co. Add +5.2% 0.25% +0.02
ADP Automatic Data Processing Add +0.8% 2.06% +0.01
ITW Illinois Tool Works Add +4.2% 0.60% −0.00
EQIX Equinix Inc. Add +1.3% 0.58% −0.02
SBUX Starbucks Corp. Add +1.3% 0.25% −0.03
APD Air Products & Chemicals Inc. Add +9.1% 0.25% −0.03
PEP Pepsico Inc. Add +1.2% 1.30% −0.04
DUK Duke Energy Corp. Add +0.6% 0.67% −0.05
NKE Nike Inc. Class B Add +0.6% 0.54% −0.13
ADBE Adobe Inc. Add +0.8% 1.24% −0.32

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 106$400.7MAAPL, GOOGL, AMZN, NVDA, CAT
Q1 2026 104$365.2MAAPL, NVDA, GOOGL, AMZN, WMT
Q4 2025 107$372.7MAAPL, NVDA, GOOGL, AMZN, MSFT
Q3 2025 108$366.3MAAPL, NVDA, AMZN, MSFT, GOOGL
Q2 2025 107$335.7MAAPL, NVDA, AMZN, MSFT, WMT
Q1 2025Amended 107$314.5MAAPL, AMZN, MSFT, NVDA, WMT
Q4 2024 105$329.4MAAPL, AMZN, NVDA, MSFT, GOOGL
Q3 2024 107$321.6MAAPL, MSFT, NVDA, AMZN, GOOGL
Q2 2024 108$307.5MAAPL, MSFT, NVDA, AMZN, GOOGL
Q1 2024 103$284.0MAAPL, MSFT, AMZN, GOOGL, NVDA