Physicians Financial Services, Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Physicians Financial Services, Inc. reported 108 stock positions worth $307.5 million. Its top holding was Apple (AAPL) at 15.1% of the portfolio, followed by Microsoft (MSFT, 6.3%) and Nvidia (NVDA, 5.9%). Compared with Q1 2024, it opened 7 new positions, sold out of 2, added to 55 and reduced 24. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Mastercard Class A (MA, shares −0%).

Most Recent 13F
Q2 2026
Location
RALEIGH, NC
CIK
0001665518
Portfolio Value
$307.5M (Q2 2024)
SEC Filing
0001665518-24-000004 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $284.0M Q1 2024 Q2 2024: $307.5M $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 108 stocks · $307.5M
AAPL Apple Inc. 15.14% 221,067 $46.6M Add +4.0%
MSFT Microsoft Corp. 6.31% 43,406 $19.4M Add +1.4%
NVDA Nvidia Corp. 5.87% 146,120 $18.1M Add +8.4%
AMZN Amazon.com Inc. 5.77% 91,746 $17.7M Add +3.0%
GOOGL Alphabet Inc. Class A 5.02% 84,752 $15.4M Add +2.5%
WMT Walmart Inc. 3.57% 162,133 $11.0M Add +0.7%
MA Mastercard Inc. Class A 2.58% 17,973 $7.9M Reduce -0.1%
META Meta Platforms Inc. Class A 2.10% 12,810 $6.5M Add +1.9%
CAT Caterpillar Inc. 2.01% 18,539 $6.2M Add +1.2%
CVX Chevron Corp. 1.94% 38,101 $6.0M Add +4.8%
AMGN Amgen Inc. 1.84% 18,112 $5.7M Add +1.8%
ADP Automatic Data Processing 1.81% 23,362 $5.6M Reduce -0.1%
LOW Lowe's Cos Inc. 1.79% 24,937 $5.5M Add +2.4%
MCD McDonald's Corp. 1.68% 20,287 $5.2M Add +2.8%
COST Costco Wholesale Corp. 1.58% 5,701 $4.8M Add +9.6%
V Visa Inc. Class A 1.51% 17,703 $4.6M Add +2.3%
PG The Procter & Gamble Co. 1.46% 27,193 $4.5M Add +2.1%
HD Home Depot Inc. 1.32% 11,783 $4.1M Add +1.1%
KO The Coca-Cola Co. 1.32% 63,613 $4.0M Reduce -0.2%
ADBE Adobe Inc. 1.27% 7,005 $3.9M Add +0.7%
JNJ Johnson & Johnson 1.22% 25,756 $3.8M Reduce -0.7%
PEP Pepsico Inc. 1.19% 22,134 $3.7M Add +4.5%
LMT Lockheed Martin Corp. 1.16% 7,666 $3.6M Add +1.4%
BRK.B Berkshire Hathaway Inc. Class B 1.16% 8,755 $3.6M Add +5.4%
CMI Cummins Inc. 1.14% 12,632 $3.5M Reduce -0.2%
QCOM Qualcomm Inc. 1.14% 17,539 $3.5M Add +0.3%
BA The Boeing Co. 1.12% 18,892 $3.4M Reduce -0.4%
ORCL Oracle Corp. 1.10% 23,968 $3.4M Reduce -0.4%
PH Parker Hannifin Corp. 0.96% 5,840 $3.0M No change
UPS United Parcel Service Class B 0.95% 21,246 $2.9M Add +3.4%
LLY Eli Lilly & Co. 0.84% 2,864 $2.6M Add +1.8%
AVGO Broadcom Inc. 0.84% 1,613 $2.6M Reduce -0.3%
ABBV Abbvie Inc. 0.70% 12,545 $2.2M Add +5.5%
FDX FedEx Corp. 0.69% 7,052 $2.1M Add +1.5%
DUK Duke Energy Corp. 0.66% 20,220 $2.0M Add +3.3%
TGT Target Corp. 0.65% 13,441 $2.0M Add +0.4%
HSY The Hershey Co. 0.63% 10,576 $1.9M Add +3.0%
DE Deere & Co. 0.63% 5,164 $1.9M Add +2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.59% 10,433 $1.8M Add +0.7%
VZ Verizon Communications Inc. 0.52% 38,916 $1.6M Add +0.7%
JPM JPMorgan Chase & Co. 0.51% 7,722 $1.6M Add +2.1%
CSCO Cisco Systems Inc. 0.50% 32,251 $1.5M Add +6.6%
HON Honeywell International Inc. 0.49% 7,126 $1.5M Reduce -0.8%
EQIX Equinix Inc. 0.49% 1,996 $1.5M Add +0.2%
MMM 3M Co. 0.49% 14,688 $1.5M Add +6.6%
MRK Merck & Co. Inc. 0.49% 12,095 $1.5M No change
ITW Illinois Tool Works 0.49% 6,307 $1.5M No change
RTN Raytheon Company filed as RTX CORP 0.49% 14,879 $1.5M No change
GOOG Alphabet Inc. Class C 0.49% 8,140 $1.5M Add +5.7%
TFC Truist Financial Corp. 0.47% 37,435 $1.5M Add +1.6%
NVS Novartis AG-Sponsored ADR 0.47% 13,543 $1.4M No change
AMD Advanced Micro Devices 0.45% 8,564 $1.4M Add +0.5%
TXN Texas Instruments Inc. 0.45% 7,099 $1.4M No change
UNP Union Pacific Corp. 0.44% 5,949 $1.3M Add +3.2%
NKE Nike Inc. Class B 0.38% 15,427 $1.2M Reduce -4.6%
PFE Pfizer Inc. 0.35% 38,989 $1.1M Reduce -9.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.35% 9,421 $1.1M Reduce -0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.35% 27,011 $1.1M Reduce -1.6%
BDX Becton Dickinson and Co. 0.32% 4,227 $988K Reduce -3.1%
MAR Marriott International Class A 0.30% 3,847 $930K Add +14.9%
FCNCA First Citizens Bcshs Class A 0.30% 550 $926K No change
CLX Clorox Company 0.27% 6,125 $836K Reduce -0.3%
PM Philip Morris International 0.27% 8,095 $820K Add +37.5%
SYK Stryker Corp. 0.26% 2,371 $807K Add +4.4%
AMAT Applied Materials Inc. 0.26% 3,376 $797K No change
APD Air Products & Chemicals Inc. 0.25% 3,008 $776K Add +0.7%
GIS General Mills Inc. 0.25% 12,245 $775K Add +1.0%
LRCX Lam Research Corp. 0.24% 693 $738K No change
TM Toyota Motor Corp. -Spon ADR 0.23% 3,482 $714K No change
GPC Genuine Parts Co. 0.23% 5,101 $706K Reduce -0.5%
EW Edwards Lifesciences Corp. 0.22% 7,341 $678K Reduce -1.3%
VGT Vanguard Info Tech ETF 0.21% 1,135 $654K No change
BMY Bristol-Myers Squibb Co. 0.20% 15,113 $628K Reduce -1.1%
SBUX Starbucks Corp. 0.20% 7,955 $619K Add +4.4%
SHW The Sherwin-Williams Co. 0.20% 2,050 $612K Add +1.5%
AFL Aflac Inc. 0.19% 6,636 $593K Reduce -0.8%
APA Apa Corp. 0.19% 20,000 $589K New
UL Unilever PLC 0.19% 10,623 $584K Add +0.6%
EMR Emerson Electric Co. 0.18% 5,159 $568K Add +1.2%
ABT Abbott Laboratories 0.18% 5,340 $555K No change
AXP American Express Co. 0.17% 2,270 $526K No change
NOC Northrop Grumman Corp. 0.17% 1,180 $514K No change
PAYX Paychex Inc. 0.16% 4,252 $504K Add +2.4%
MKC McCormick & Co.-Non VTG SHRS 0.16% 6,893 $489K Add +1.4%
ADM Archer-Daniels-Midland Co. 0.15% 7,847 $474K Reduce -0.6%
NUE Nucor Corp. 0.15% 2,975 $470K No change
SWKS Skyworks Solutions Inc. 0.14% 3,905 $416K Reduce -1.6%
REGN Regeneron Pharmaceuticals 0.14% 395 $415K No change
TSLA Tesla Inc. 0.14% 2,096 $415K Add +55.7%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.12% 3,500 $382K Reduce -3.3%
CHD Church & Dwight Co. Inc. 0.12% 3,553 $368K Add +1.5%
SNPS Synopsys Inc. 0.11% 560 $333K No change
COP Conocophillips 0.10% 2,735 $313K Add +4.7%
XLE SS Energy Select Sector 0.10% 3,393 $309K No change
FISV Fiserv Inc. 0.10% 2,048 $305K Reduce -0.8%
LH Laboratory CRP of Amer Hldgs 0.09% 1,302 $265K No change
DAL Delta Air Lines Inc. 0.08% 5,400 $256K New
HPQ HP Inc. 0.08% 7,240 $254K Reduce -2.0%
KMB Kimberly-Clark Corp. 0.08% 1,725 $238K Add +3.0%
TTC Toro Co. 0.08% 2,540 $238K No change
ZBH Zimmer Biomet Holdings Inc. 0.08% 2,129 $231K No change
COLM Columbia Sportswear Co. 0.07% 2,800 $221K No change
GE General Electric filed as GE AEROSPACE 0.07% 1,370 $218K Add +19.8%
PKG Packaging Corp. of America 0.07% 1,190 $217K New
XOM Exxon Mobil Corp. 0.07% 1,822 $210K New
PANW Palo Alto Networks Inc. 0.07% 615 $208K New
GNRC Generac Holdings Inc. 0.07% 1,555 $206K New
SOL Emeren Group Ltd. 0.01% 12,000 $18K New

Portfolio Sells Q1 2024 → Q2 2024
MA Mastercard Inc. Class A Reduce -0.1% 2.58% −0.47
ADP Automatic Data Processing Reduce -0.1% 1.81% −0.24
JNJ Johnson & Johnson Reduce -0.7% 1.22% −0.22
CMI Cummins Inc. Reduce -0.2% 1.14% −0.17
BA The Boeing Co. Reduce -0.4% 1.12% −0.17
NKE Nike Inc. Class B Reduce -4.6% 0.38% −0.16
PRU Prudential Financial Inc. Sold out 0.00% −0.11
MO Altria Group Inc. Sold out 0.00% −0.09
BMY Bristol-Myers Squibb Co. Reduce -1.1% 0.20% −0.09
PFE Pfizer Inc. Reduce -9.3% 0.35% −0.07
CLX Clorox Company Reduce -0.3% 0.27% −0.06
BDX Becton Dickinson and Co. Reduce -3.1% 0.32% −0.06
KO The Coca-Cola Co. Reduce -0.2% 1.32% −0.06
TROW T Rowe Price Group Inc. Reduce -0.2% 0.35% −0.05
GPC Genuine Parts Co. Reduce -0.5% 0.23% −0.05
SJM The JM Smucker Co. Reduce -3.3% 0.12% −0.04
EW Edwards Lifesciences Corp. Reduce -1.3% 0.22% −0.03
HON Honeywell International Inc. Reduce -0.8% 0.49% −0.02
ADM Archer-Daniels-Midland Co. Reduce -0.6% 0.15% −0.02
BAC Bank of America Corp. Reduce -1.6% 0.35% −0.02
FISV Fiserv Inc. Reduce -0.8% 0.10% −0.02
SWKS Skyworks Solutions Inc. Reduce -1.6% 0.14% −0.02
AFL Aflac Inc. Reduce -0.8% 0.19% −0.01
HPQ HP Inc. Reduce -2.0% 0.08% +0.00
ORCL Oracle Corp. Reduce -0.4% 1.10% +0.04
AVGO Broadcom Inc. Reduce -0.3% 0.84% +0.09

Portfolio Buys Q1 2024 → Q2 2024
AAPL Apple Inc. Add +4.0% 15.14% +2.31
NVDA Nvidia Corp. Add +8.4% 5.87% +1.58
GOOGL Alphabet Inc. Class A Add +2.5% 5.02% +0.63
COST Costco Wholesale Corp. Add +9.6% 1.58% +0.23
APA Apa Corp. New 0.19% +0.19
WMT Walmart Inc. Add +0.7% 3.57% +0.16
AMZN Amazon.com Inc. Add +3.0% 5.77% +0.11
QCOM Qualcomm Inc. Add +0.3% 1.14% +0.09
DAL Delta Air Lines Inc. New 0.08% +0.08
PM Philip Morris International Add +37.5% 0.27% +0.08
GOOG Alphabet Inc. Class C Add +5.7% 0.49% +0.07
LLY Eli Lilly & Co. Add +1.8% 0.84% +0.07
PKG Packaging Corp. of America New 0.07% +0.07
XOM Exxon Mobil Corp. New 0.07% +0.07
PANW Palo Alto Networks Inc. New 0.07% +0.07
GNRC Generac Holdings Inc. New 0.07% +0.07
AMGN Amgen Inc. Add +1.8% 1.84% +0.06
TSLA Tesla Inc. Add +55.7% 0.14% +0.05
ADBE Adobe Inc. Add +0.7% 1.27% +0.03
SOL Emeren Group Ltd. New 0.01% +0.01
MAR Marriott International Class A Add +14.9% 0.30% +0.01
UL Unilever PLC Add +0.6% 0.19% +0.00
KMB Kimberly-Clark Corp. Add +3.0% 0.08% +0.00
GE General Electric Add +19.8% 0.07% +0.00
APD Air Products & Chemicals Inc. Add +0.7% 0.25% −0.00
DUK Duke Energy Corp. Add +3.3% 0.66% −0.01
CHD Church & Dwight Co. Inc. Add +1.5% 0.12% −0.01
COP Conocophillips Add +4.7% 0.10% −0.02
PAYX Paychex Inc. Add +2.4% 0.16% −0.02
EMR Emerson Electric Co. Add +1.2% 0.18% −0.02
FDX FedEx Corp. Add +1.5% 0.69% −0.02
SYK Stryker Corp. Add +4.4% 0.26% −0.02
MKC McCormick & Co.-Non VTG SHRS Add +1.4% 0.16% −0.02
JPM JPMorgan Chase & Co. Add +2.1% 0.51% −0.03
MMM 3M Co. Add +6.6% 0.49% −0.03
TFC Truist Financial Corp. Add +1.6% 0.47% −0.03
MSFT Microsoft Corp. Add +1.4% 6.31% −0.03
CSCO Cisco Systems Inc. Add +6.6% 0.50% −0.03
SBUX Starbucks Corp. Add +4.4% 0.20% −0.04
LMT Lockheed Martin Corp. Add +1.4% 1.16% −0.05
GIS General Mills Inc. Add +1.0% 0.25% −0.05
SHW The Sherwin-Williams Co. Add +1.5% 0.20% −0.05
META Meta Platforms Inc. Class A Add +1.9% 2.10% −0.05
VZ Verizon Communications Inc. Add +0.7% 0.52% −0.05
UNP Union Pacific Corp. Add +3.2% 0.44% −0.06
ABBV Abbvie Inc. Add +5.5% 0.70% −0.06
PG The Procter & Gamble Co. Add +2.1% 1.46% −0.06
HSY The Hershey Co. Add +3.0% 0.63% −0.07
BRK.B Berkshire Hathaway Inc. Class B Add +5.4% 1.16% −0.07
CVX Chevron Corp. Add +4.8% 1.94% −0.08

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