Physicians Financial Services, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 31, 2024), Physicians Financial Services, Inc. reported 107 stock positions worth $321.6 million. Its top holding was Apple (AAPL) at 15.8% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Nvidia (NVDA, 5.5%). Compared with Q2 2024, it opened 5 new positions, sold out of 6, added to 20 and reduced 60. The biggest buy was a new position in Eaton (ETN) and the biggest sale Boeing (BA, shares −86%).

Most Recent 13F
Q2 2026
Location
RALEIGH, NC
CIK
0001665518
Portfolio Value
$321.6M (Q3 2024)
SEC Filing
0001665518-24-000005 ↗ filed Oct 31, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $284.0M Q1 2024 Q2 2024: $307.5M Q2 2024 Q3 2024: $321.6M $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 107 stocks · $321.6M
AAPL Apple Inc. 15.83% 218,429 $50.9M Reduce -1.2%
MSFT Microsoft Corp. 5.74% 42,876 $18.4M Reduce -1.2%
NVDA Nvidia Corp. 5.45% 144,332 $17.5M Reduce -1.2%
AMZN Amazon.com Inc. 5.32% 91,816 $17.1M Add +0.1%
GOOGL Alphabet Inc. Class A 4.30% 83,362 $13.8M Reduce -1.6%
WMT Walmart Inc. 4.00% 159,323 $12.9M Reduce -1.7%
MA Mastercard Inc. Class A 2.75% 17,913 $8.8M Reduce -0.3%
META Meta Platforms Inc. Class A 2.28% 12,823 $7.3M Add +0.1%
CAT Caterpillar Inc. 2.19% 17,984 $7.0M Reduce -3.0%
LOW Lowe's Cos Inc. 2.05% 24,361 $6.6M Reduce -2.3%
ADP Automatic Data Processing 1.93% 22,437 $6.2M Reduce -4.0%
MCD McDonald's Corp. 1.88% 19,887 $6.1M Reduce -2.0%
AMGN Amgen Inc. 1.76% 17,547 $5.7M Reduce -3.1%
CVX Chevron Corp. 1.75% 38,266 $5.6M Add +0.4%
COST Costco Wholesale Corp. 1.60% 5,787 $5.1M Add +1.5%
V Visa Inc. Class A 1.55% 18,113 $5.0M Add +2.3%
HD Home Depot Inc. 1.47% 11,678 $4.7M Reduce -0.9%
PG The Procter & Gamble Co. 1.39% 25,795 $4.5M Reduce -5.1%
KO The Coca-Cola Co. 1.37% 61,198 $4.4M Reduce -3.8%
LMT Lockheed Martin Corp. 1.34% 7,359 $4.3M Reduce -4.0%
CMI Cummins Inc. 1.27% 12,582 $4.1M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 1.26% 8,835 $4.1M Add +0.9%
JNJ Johnson & Johnson 1.26% 25,031 $4.1M Reduce -2.8%
ORCL Oracle Corp. 1.25% 23,668 $4.0M Reduce -1.3%
PH Parker Hannifin Corp. 1.16% 5,890 $3.7M Add +0.9%
PEP Pepsico Inc. 1.15% 21,734 $3.7M Reduce -1.8%
ADBE Adobe Inc. 1.13% 6,996 $3.6M Reduce -0.1%
QCOM Qualcomm Inc. 0.91% 17,149 $2.9M Reduce -2.2%
AVGO Broadcom Inc. 0.85% 15,880 $2.7M Reduce -1.6%
UPS United Parcel Service Class B 0.84% 19,897 $2.7M Reduce -6.3%
LLY Eli Lilly & Co. 0.83% 3,029 $2.7M Add +5.8%
ETN Eaton Corp. PLC 0.76% 7,364 $2.4M New
ABBV Abbvie Inc. 0.74% 12,095 $2.4M Reduce -3.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.71% 10,358 $2.3M Reduce -0.7%
DUK Duke Energy Corp. 0.70% 19,521 $2.3M Reduce -3.5%
DE Deere & Co. 0.68% 5,264 $2.2M Add +1.9%
TGT Target Corp. 0.65% 13,391 $2.1M Reduce -0.4%
MMM 3M Co. 0.63% 14,803 $2.0M Add +0.8%
HSY The Hershey Co. 0.62% 10,466 $2.0M Reduce -1.0%
FDX FedEx Corp. 0.61% 7,152 $2.0M Add +1.4%
RTX RTX Corp. 0.56% 14,813 $1.8M New
EQIX Equinix Inc. 0.55% 1,996 $1.8M No change
CSCO Cisco Systems Inc. 0.53% 32,251 $1.7M No change
ITW Illinois Tool Works 0.51% 6,302 $1.7M Reduce -0.1%
VZ Verizon Communications Inc. 0.51% 36,561 $1.6M Reduce -6.0%
TFC Truist Financial Corp. 0.49% 36,485 $1.6M Reduce -2.5%
JPM JPMorgan Chase & Co. 0.48% 7,372 $1.6M Reduce -4.5%
NVS Novartis AG-Sponsored ADR 0.48% 13,318 $1.5M Reduce -1.7%
UNP Union Pacific Corp. 0.46% 5,949 $1.5M No change
HON Honeywell International Inc. 0.44% 6,841 $1.4M Reduce -4.0%
AMD Advanced Micro Devices 0.44% 8,614 $1.4M Add +0.6%
GOOG Alphabet Inc. Class C 0.44% 8,390 $1.4M Add +3.1%
TXN Texas Instruments Inc. 0.43% 6,699 $1.4M Reduce -5.6%
NKE Nike Inc. Class B 0.41% 14,965 $1.3M Reduce -3.0%
MRK Merck & Co. Inc. 0.41% 11,510 $1.3M Reduce -4.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 26,571 $1.1M Reduce -1.6%
FCNCA First Citizens Bcshs Class A 0.32% 550 $1.0M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.31% 9,216 $1.0M Reduce -2.2%
PM Philip Morris International 0.31% 8,095 $983K No change
PFE Pfizer Inc. 0.30% 33,696 $975K Reduce -13.6%
CMG Chipotle Mexican Grill Inc. 0.30% 16,680 $961K New
MAR Marriott International Class A 0.30% 3,822 $950K Reduce -0.7%
BDX Becton Dickinson and Co. 0.29% 3,927 $947K Reduce -7.1%
CLX Clorox Company 0.28% 5,555 $905K Reduce -9.3%
GIS General Mills Inc. 0.28% 12,145 $897K Reduce -0.8%
SYK Stryker Corp. 0.27% 2,371 $856K No change
SHW The Sherwin-Williams Co. 0.25% 2,120 $809K Add +3.4%
SBUX Starbucks Corp. 0.24% 7,921 $772K Reduce -0.4%
BMY Bristol-Myers Squibb Co. 0.24% 14,763 $764K Reduce -2.3%
AFL Aflac Inc. 0.22% 6,436 $720K Reduce -3.0%
UL Unilever PLC 0.22% 10,723 $697K Add +0.9%
GPC Genuine Parts Co. 0.22% 4,976 $695K Reduce -2.5%
AMAT Applied Materials Inc. 0.22% 3,426 $692K Add +1.5%
VGT Vanguard Info Tech ETF 0.21% 1,135 $666K No change
TM Toyota Motor Corp. -Spon ADR 0.21% 3,722 $665K Add +6.9%
AXP American Express Co. 0.20% 2,320 $629K Add +2.2%
NOC Northrop Grumman Corp. 0.19% 1,180 $623K No change
ABT Abbott Laboratories 0.19% 5,340 $609K No change
MKC McCormick & Co.-Non VTG SHRS 0.18% 6,918 $569K Add +0.4%
TSLA Tesla Inc. 0.17% 2,096 $548K No change
EMR Emerson Electric Co. 0.17% 4,859 $531K Reduce -5.8%
PAYX Paychex Inc. 0.16% 3,952 $530K Reduce -7.1%
APA Apa Corp. 0.15% 20,000 $489K No change
ADM Archer-Daniels-Midland Co. 0.14% 7,647 $457K Reduce -2.5%
NUE Nucor Corp. 0.14% 2,975 $447K No change
REGN Regeneron Pharmaceuticals 0.13% 385 $405K Reduce -2.5%
BA The Boeing Co. 0.12% 2,600 $395K Reduce -86.2%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.12% 3,185 $386K Reduce -9.0%
VEEV Veeva Systems Inc. Class A 0.12% 1,784 $374K New
CHD Church & Dwight Co. Inc. 0.12% 3,553 $372K No change
PANW Palo Alto Networks Inc. 0.11% 1,043 $356K Add +69.6%
SWKS Skyworks Solutions Inc. 0.11% 3,515 $347K Reduce -10.0%
XLE SS Energy Select Sector 0.09% 3,393 $298K No change
LH Laboratory CRP of Amer Hldgs 0.09% 1,302 $291K No change
COP Conocophillips 0.09% 2,680 $282K Reduce -2.0%
DAL Delta Air Lines Inc. 0.08% 5,300 $269K Reduce -1.9%
GE General Electric filed as GE AEROSPACE 0.08% 1,370 $258K No change
PKG Packaging Corp. of America 0.08% 1,150 $248K Reduce -3.4%
GNRC Generac Holdings Inc. 0.08% 1,555 $247K No change
HPQ HP Inc. 0.08% 6,890 $247K Reduce -4.8%
KMB Kimberly-Clark Corp. 0.08% 1,700 $242K Reduce -1.4%
COLM Columbia Sportswear Co. 0.07% 2,800 $233K No change
ZBH Zimmer Biomet Holdings Inc. 0.07% 2,129 $230K No change
TTC Toro Co. 0.07% 2,540 $220K No change
XOM Exxon Mobil Corp. 0.07% 1,822 $214K No change
BBY Best Buy Co. Inc. 0.06% 2,000 $207K New
SOL Emeren Group Ltd. 0.01% 12,000 $32K No change

Portfolio Sells Q2 2024 → Q3 2024
BA The Boeing Co. Reduce -86.2% 0.12% −1.00
GOOGL Alphabet Inc. Class A Reduce -1.6% 4.30% −0.72
MSFT Microsoft Corp. Reduce -1.2% 5.74% −0.57
RTN Raytheon Company Sold out 0.00% −0.49
NVDA Nvidia Corp. Reduce -1.2% 5.45% −0.42
APD Air Products & Chemicals Inc. Sold out 0.00% −0.25
LRCX Lam Research Corp. Sold out 0.00% −0.24
QCOM Qualcomm Inc. Reduce -2.2% 0.91% −0.23
EW Edwards Lifesciences Corp. Sold out 0.00% −0.22
ADBE Adobe Inc. Reduce -0.1% 1.13% −0.14
SNPS Synopsys Inc. Sold out 0.00% −0.11
UPS United Parcel Service Class B Reduce -6.3% 0.84% −0.10
FISV Fiserv Inc. Sold out 0.00% −0.10
AMGN Amgen Inc. Reduce -3.1% 1.76% −0.08
MRK Merck & Co. Inc. Reduce -4.8% 0.41% −0.08
PG The Procter & Gamble Co. Reduce -5.1% 1.39% −0.07
HON Honeywell International Inc. Reduce -4.0% 0.44% −0.06
PFE Pfizer Inc. Reduce -13.6% 0.30% −0.05
TROW T Rowe Price Group Inc. Reduce -2.2% 0.31% −0.04
PEP Pepsico Inc. Reduce -1.8% 1.15% −0.04
SWKS Skyworks Solutions Inc. Reduce -10.0% 0.11% −0.03
BDX Becton Dickinson and Co. Reduce -7.1% 0.29% −0.03
JPM JPMorgan Chase & Co. Reduce -4.5% 0.48% −0.02
BAC Bank of America Corp. Reduce -1.6% 0.33% −0.02
EMR Emerson Electric Co. Reduce -5.8% 0.17% −0.02
TXN Texas Instruments Inc. Reduce -5.6% 0.43% −0.02
COP Conocophillips Reduce -2.0% 0.09% −0.01
GPC Genuine Parts Co. Reduce -2.5% 0.22% −0.01
ADM Archer-Daniels-Midland Co. Reduce -2.5% 0.14% −0.01
VZ Verizon Communications Inc. Reduce -6.0% 0.51% −0.01
REGN Regeneron Pharmaceuticals Reduce -2.5% 0.13% −0.01
HSY The Hershey Co. Reduce -1.0% 0.62% −0.01
MAR Marriott International Class A Reduce -0.7% 0.30% −0.01
HPQ HP Inc. Reduce -4.8% 0.08% −0.01
SJM The JM Smucker Co. Reduce -9.0% 0.12% −0.00
KMB Kimberly-Clark Corp. Reduce -1.4% 0.08% −0.00
DAL Delta Air Lines Inc. Reduce -1.9% 0.08% +0.00
PAYX Paychex Inc. Reduce -7.1% 0.16% +0.00
TGT Target Corp. Reduce -0.4% 0.65% +0.00
PKG Packaging Corp. of America Reduce -3.4% 0.08% +0.01
NVS Novartis AG-Sponsored ADR Reduce -1.7% 0.48% +0.01
AVGO Broadcom Inc. Reduce -1.6% 0.85% +0.01
CLX Clorox Company Reduce -9.3% 0.28% +0.01
TFC Truist Financial Corp. Reduce -2.5% 0.49% +0.01
GIS General Mills Inc. Reduce -0.8% 0.28% +0.03
ITW Illinois Tool Works Reduce -0.1% 0.51% +0.03
AFL Aflac Inc. Reduce -3.0% 0.22% +0.03
NKE Nike Inc. Class B Reduce -3.0% 0.41% +0.03
BMY Bristol-Myers Squibb Co. Reduce -2.3% 0.24% +0.03
JNJ Johnson & Johnson Reduce -2.8% 1.26% +0.04

Portfolio Buys Q2 2024 → Q3 2024
ETN Eaton Corp. PLC New 0.76% +0.76
RTX RTX Corp. New 0.56% +0.56
CMG Chipotle Mexican Grill Inc. New 0.30% +0.30
PH Parker Hannifin Corp. Add +0.9% 1.16% +0.20
META Meta Platforms Inc. Class A Add +0.1% 2.28% +0.18
MMM 3M Co. Add +0.8% 0.63% +0.14
VEEV Veeva Systems Inc. Class A New 0.12% +0.12
BRK.B Berkshire Hathaway Inc. Class B Add +0.9% 1.26% +0.11
BBY Best Buy Co. Inc. New 0.06% +0.06
DE Deere & Co. Add +1.9% 0.68% +0.06
SHW The Sherwin-Williams Co. Add +3.4% 0.25% +0.05
PANW Palo Alto Networks Inc. Add +69.6% 0.11% +0.04
V Visa Inc. Class A Add +2.3% 1.55% +0.04
UL Unilever PLC Add +0.9% 0.22% +0.03
AXP American Express Co. Add +2.2% 0.20% +0.02
COST Costco Wholesale Corp. Add +1.5% 1.60% +0.02
MKC McCormick & Co.-Non VTG SHRS Add +0.4% 0.18% +0.02
LLY Eli Lilly & Co. Add +5.8% 0.83% −0.01
AMD Advanced Micro Devices Add +0.6% 0.44% −0.01
TM Toyota Motor Corp. -Spon ADR Add +6.9% 0.21% −0.03
AMAT Applied Materials Inc. Add +1.5% 0.22% −0.04
GOOG Alphabet Inc. Class C Add +3.1% 0.44% −0.05
FDX FedEx Corp. Add +1.4% 0.61% −0.08
CVX Chevron Corp. Add +0.4% 1.75% −0.19
AMZN Amazon.com Inc. Add +0.1% 5.32% −0.45

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