Physicians Financial Services, Inc.

Name: PHYSICIANS FINANCIAL SERVICES, INC. 13F holdings, Q4 2024
Creator: PHYSICIANS FINANCIAL SERVICES, INC.
Published: 2025-02-03

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), Physicians Financial Services, Inc. reported 105 stock positions worth $329.4 million. Its top holding was Apple (AAPL) at 16.7% of the portfolio, followed by Amazon.com (AMZN, 6.2%) and Nvidia (NVDA, 5.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 6, added to 38 and reduced 38. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F: Q2 2026
Location: RALEIGH, NC
CIK: 0001665518
Portfolio Value: $329.4M (Q4 2024)
SEC Filing: 0001665518-25-000001 ↗ filed Feb 3, 2025

Holdings Value

Holdings 105 stocks · $329.4M


AAPL Apple Inc.	16.73%	220,058	$55.1M	Add +0.8%
AMZN Amazon.com Inc.	6.16%	92,465	$20.3M	Add +0.7%
NVDA Nvidia Corp.	5.85%	143,457	$19.3M	Reduce -0.6%
MSFT Microsoft Corp.	5.48%	42,846	$18.1M	Reduce -0.1%
GOOGL Alphabet Inc. Class A	4.86%	84,581	$16.0M	Add +1.5%
WMT Walmart Inc.	4.42%	161,277	$14.6M	Add +1.2%
MA Mastercard Inc. Class A	2.91%	18,213	$9.6M	Add +1.7%
META Meta Platforms Inc. Class A	2.30%	12,943	$7.6M	Add +0.9%
ADP Automatic Data Processing	2.06%	23,186	$6.8M	Add +3.3%
CAT Caterpillar Inc.	2.02%	18,383	$6.7M	Add +2.2%
LOW Lowe's Cos Inc.	1.82%	24,298	$6.0M	Reduce -0.3%
MCD McDonald's Corp.	1.78%	20,262	$5.9M	Add +1.9%
V Visa Inc. Class A	1.67%	17,441	$5.5M	Reduce -3.7%
CVX Chevron Corp.	1.67%	37,893	$5.5M	Reduce -1.0%
COST Costco Wholesale Corp.	1.64%	5,887	$5.4M	Add +1.7%
AMGN Amgen Inc.	1.41%	17,847	$4.7M	Add +1.7%
HD Home Depot Inc.	1.37%	11,628	$4.5M	Reduce -0.4%
CMI Cummins Inc.	1.33%	12,582	$4.4M	No change
PG The Procter & Gamble Co.	1.30%	25,447	$4.3M	Reduce -1.4%
BRK.B Berkshire Hathaway Inc. Class B	1.24%	8,985	$4.1M	Add +1.7%
ORCL Oracle Corp.	1.22%	24,167	$4.0M	Add +2.1%
KO The Coca-Cola Co.	1.17%	62,024	$3.9M	Add +1.4%
PH Parker Hannifin Corp.	1.14%	5,890	$3.7M	No change
AVGO Broadcom Inc.	1.14%	16,130	$3.7M	Add +1.6%
LMT Lockheed Martin Corp.	1.12%	7,559	$3.7M	Add +2.7%
JNJ Johnson & Johnson	1.09%	24,861	$3.6M	Reduce -0.7%
PEP Pepsico Inc.	1.01%	21,974	$3.3M	Add +1.1%
ADBE Adobe Inc.	0.99%	7,349	$3.3M	Add +5.0%
QCOM Qualcomm Inc.	0.81%	17,344	$2.7M	Add +1.1%
ETN Eaton Corp. PLC	0.75%	7,471	$2.5M	Add +1.4%
LLY Eli Lilly & Co.	0.71%	3,037	$2.3M	Add +0.3%
UPS United Parcel Service Class B	0.71%	18,460	$2.3M	Reduce -7.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.70%	10,458	$2.3M	Add +1.0%
ABBV Abbvie Inc.	0.66%	12,150	$2.2M	Add +0.5%
DE Deere & Co.	0.65%	5,064	$2.1M	Reduce -3.8%
DUK Duke Energy Corp.	0.64%	19,574	$2.1M	Add +0.3%
FDX FedEx Corp.	0.60%	7,051	$2.0M	Reduce -1.4%
CSCO Cisco Systems Inc.	0.58%	32,450	$1.9M	Add +0.6%
MMM 3M Co.	0.58%	14,752	$1.9M	Reduce -0.3%
EQIX Equinix Inc.	0.57%	1,996	$1.9M	No change
HSY The Hershey Co.	0.55%	10,668	$1.8M	Add +1.9%
TGT Target Corp.	0.54%	13,180	$1.8M	Reduce -1.6%
JPM JPMorgan Chase & Co.	0.53%	7,347	$1.8M	Reduce -0.3%
RTX RTX Corp.	0.52%	14,813	$1.7M	No change
ITW Illinois Tool Works	0.49%	6,302	$1.6M	No change
TFC Truist Financial Corp.	0.48%	36,785	$1.6M	Add +0.8%
GOOG Alphabet Inc. Class C	0.47%	8,160	$1.6M	Reduce -2.7%
HON Honeywell International Inc.	0.46%	6,691	$1.5M	Reduce -2.2%
UNP Union Pacific Corp.	0.41%	5,893	$1.3M	Reduce -0.9%
TXN Texas Instruments Inc.	0.40%	7,099	$1.3M	Add +6.0%
VZ Verizon Communications Inc.	0.40%	32,615	$1.3M	Reduce -10.8%
NVS Novartis AG-Sponsored ADR	0.39%	13,068	$1.3M	Reduce -1.9%
MRK Merck & Co. Inc.	0.35%	11,710	$1.2M	Add +1.7%
FCNCA First Citizens Bcshs Class A	0.35%	550	$1.2M	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.35%	26,371	$1.2M	Reduce -0.8%
MAR Marriott International Class A	0.32%	3,822	$1.1M	No change
NKE Nike Inc. Class B	0.32%	13,746	$1.0M	Reduce -8.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.31%	9,041	$1.0M	Reduce -1.9%
AMD Advanced Micro Devices	0.31%	8,364	$1.0M	Reduce -2.9%
CMG Chipotle Mexican Grill Inc.	0.30%	16,493	$995K	Reduce -1.1%
PM Philip Morris International	0.30%	8,144	$980K	Add +0.6%
SYK Stryker Corp.	0.26%	2,370	$854K	Reduce -0.0%
TSLA Tesla Inc.	0.26%	2,096	$846K	No change
CLX Clorox Company	0.25%	5,155	$837K	Reduce -7.2%
PFE Pfizer Inc.	0.24%	29,259	$776K	Reduce -13.2%
BMY Bristol-Myers Squibb Co.	0.23%	13,581	$768K	Reduce -8.0%
GIS General Mills Inc.	0.23%	12,045	$768K	Reduce -0.8%
BDX Becton Dickinson and Co.	0.23%	3,307	$750K	Reduce -15.8%
TM Toyota Motor Corp. -Spon ADR	0.22%	3,772	$734K	Add +1.3%
SHW The Sherwin-Williams Co.	0.22%	2,120	$721K	No change
SBUX Starbucks Corp.	0.22%	7,770	$709K	Reduce -1.9%
VGT Vanguard Info Tech ETF	0.21%	1,134	$706K	Reduce -0.1%
AXP American Express Co.	0.21%	2,320	$689K	No change
AFL Aflac Inc.	0.21%	6,611	$684K	Add +2.7%
EMR Emerson Electric Co.	0.19%	5,059	$627K	Add +4.1%
ABT Abbott Laboratories	0.18%	5,340	$604K	No change
UL Unilever PLC	0.18%	10,497	$595K	Reduce -2.1%
PAYX Paychex Inc.	0.17%	4,052	$568K	Add +2.5%
GPC Genuine Parts Co.	0.17%	4,856	$567K	Reduce -2.4%
AMAT Applied Materials Inc.	0.17%	3,426	$557K	No change
NOC Northrop Grumman Corp.	0.17%	1,180	$554K	No change
MKC McCormick & Co.-Non VTG SHRS	0.16%	6,918	$527K	No change
LRCX Lam Research Corp.	0.15%	7,030	$508K	New
APA Apa Corp.	0.14%	20,000	$462K	No change
BA The Boeing Co.	0.14%	2,600	$460K	No change
PLTR Palantir Technologies Inc. Class A	0.13%	5,500	$416K	New
PANW Palo Alto Networks Inc.	0.12%	2,190	$398K	Add +5.0%
VEEV Veeva Systems Inc. Class A	0.11%	1,784	$375K	No change
CHD Church & Dwight Co. Inc.	0.11%	3,552	$372K	Reduce -0.0%
NUE Nucor Corp.	0.11%	2,975	$347K	No change
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.10%	3,060	$337K	Reduce -3.9%
DAL Delta Air Lines Inc.	0.10%	5,300	$321K	No change
LH Labcorp Holdings Inc.	0.09%	1,302	$299K	New
REGN Regeneron Pharmaceuticals	0.08%	385	$274K	No change
SNPS Synopsys Inc.	0.08%	560	$272K	New
COP Conocophillips	0.08%	2,730	$271K	Add +1.9%
PKG Packaging Corp. of America	0.08%	1,150	$259K	No change
ADM Archer-Daniels-Midland Co.	0.08%	5,022	$254K	Reduce -34.3%
GNRC Generac Holdings Inc.	0.07%	1,555	$241K	No change
COLM Columbia Sportswear Co.	0.07%	2,800	$235K	No change

Show all 105 holdings

Portfolio Sells Q3 2024 → Q4 2024


MSFT Microsoft Corp.	Reduce -0.1%	5.48%	−0.25
LOW Lowe's Cos Inc.	Reduce -0.3%	1.82%	−0.23
JNJ Johnson & Johnson	Reduce -0.7%	1.09%	−0.17
UPS United Parcel Service Class B	Reduce -7.2%	0.71%	−0.14
AMD Advanced Micro Devices	Reduce -2.9%	0.31%	−0.13
VZ Verizon Communications Inc.	Reduce -10.8%	0.40%	−0.11
TGT Target Corp.	Reduce -1.6%	0.54%	−0.11
SWKS Skyworks Solutions Inc.	Sold out	0.00%	−0.11
HD Home Depot Inc.	Reduce -0.4%	1.37%	−0.10
NKE Nike Inc. Class B	Reduce -8.2%	0.32%	−0.10
PG The Procter & Gamble Co.	Reduce -1.4%	1.30%	−0.09
XLE SS Energy Select Sector	Sold out	0.00%	−0.09
LH Laboratory CRP of Amer Hldgs	Sold out	0.00%	−0.09
NVS Novartis AG-Sponsored ADR	Reduce -1.9%	0.39%	−0.09
CVX Chevron Corp.	Reduce -1.0%	1.67%	−0.09
KMB Kimberly-Clark Corp.	Sold out	0.00%	−0.08
PFE Pfizer Inc.	Reduce -13.2%	0.24%	−0.07
BDX Becton Dickinson and Co.	Reduce -15.8%	0.23%	−0.07
ADM Archer-Daniels-Midland Co.	Reduce -34.3%	0.08%	−0.07
BBY Best Buy Co. Inc.	Sold out	0.00%	−0.06
MMM 3M Co.	Reduce -0.3%	0.58%	−0.05
UNP Union Pacific Corp.	Reduce -0.9%	0.41%	−0.05
GIS General Mills Inc.	Reduce -0.8%	0.23%	−0.05
GPC Genuine Parts Co.	Reduce -2.4%	0.17%	−0.04
UL Unilever PLC	Reduce -2.1%	0.18%	−0.04
DE Deere & Co.	Reduce -3.8%	0.65%	−0.03
CLX Clorox Company	Reduce -7.2%	0.25%	−0.03
SBUX Starbucks Corp.	Reduce -1.9%	0.22%	−0.02
SJM The JM Smucker Co.	Reduce -3.9%	0.10%	−0.02
SOL Emeren Group Ltd.	Sold out	0.00%	−0.01
HPQ HP Inc.	Reduce -0.4%	0.07%	−0.01
SYK Stryker Corp.	Reduce -0.0%	0.26%	−0.01
FDX FedEx Corp.	Reduce -1.4%	0.60%	−0.01
BMY Bristol-Myers Squibb Co.	Reduce -8.0%	0.23%	−0.00
CHD Church & Dwight Co. Inc.	Reduce -0.0%	0.11%	−0.00
TROW T Rowe Price Group Inc.	Reduce -1.9%	0.31%	−0.00
CMG Chipotle Mexican Grill Inc.	Reduce -1.1%	0.30%	+0.00
VGT Vanguard Info Tech ETF	Reduce -0.1%	0.21%	+0.01
HON Honeywell International Inc.	Reduce -2.2%	0.46%	+0.02
BAC Bank of America Corp.	Reduce -0.8%	0.35%	+0.02
GOOG Alphabet Inc. Class C	Reduce -2.7%	0.47%	+0.04
JPM JPMorgan Chase & Co.	Reduce -0.3%	0.53%	+0.05
V Visa Inc. Class A	Reduce -3.7%	1.67%	+0.12
NVDA Nvidia Corp.	Reduce -0.6%	5.85%	+0.40

Portfolio Buys Q3 2024 → Q4 2024


AAPL Apple Inc.	Add +0.8%	16.73%	+0.90
AMZN Amazon.com Inc.	Add +0.7%	6.16%	+0.84
GOOGL Alphabet Inc. Class A	Add +1.5%	4.86%	+0.56
WMT Walmart Inc.	Add +1.2%	4.42%	+0.42
AVGO Broadcom Inc.	Add +1.6%	1.14%	+0.28
MA Mastercard Inc. Class A	Add +1.7%	2.91%	+0.16
LRCX Lam Research Corp.	New	0.15%	+0.15
ADP Automatic Data Processing	Add +3.3%	2.06%	+0.13
PLTR Palantir Technologies Inc. Class A	New	0.13%	+0.13
LH Labcorp Holdings Inc.	New	0.09%	+0.09
SNPS Synopsys Inc.	New	0.08%	+0.08
CSCO Cisco Systems Inc.	Add +0.6%	0.58%	+0.05
COST Costco Wholesale Corp.	Add +1.7%	1.64%	+0.04
EMR Emerson Electric Co.	Add +4.1%	0.19%	+0.03
META Meta Platforms Inc. Class A	Add +0.9%	2.30%	+0.02
TM Toyota Motor Corp. -Spon ADR	Add +1.3%	0.22%	+0.02
PANW Palo Alto Networks Inc.	Add +5.0%	0.12%	+0.01
PAYX Paychex Inc.	Add +2.5%	0.17%	+0.01
TFC Truist Financial Corp.	Add +0.8%	0.48%	−0.00
XOM Exxon Mobil Corp.	Add +5.5%	0.06%	−0.00
COP Conocophillips	Add +1.9%	0.08%	−0.01
ETN Eaton Corp. PLC	Add +1.4%	0.75%	−0.01
PM Philip Morris International	Add +0.6%	0.30%	−0.01
GE General Electric	Add +2.0%	0.07%	−0.01
IBM Intl Business Machines Corp.	Add +1.0%	0.70%	−0.01
AFL Aflac Inc.	Add +2.7%	0.21%	−0.02
TXN Texas Instruments Inc.	Add +6.0%	0.40%	−0.03
BRK.B Berkshire Hathaway Inc. Class B	Add +1.7%	1.24%	−0.03
ORCL Oracle Corp.	Add +2.1%	1.22%	−0.03
MRK Merck & Co. Inc.	Add +1.7%	0.35%	−0.05
DUK Duke Energy Corp.	Add +0.3%	0.64%	−0.06
HSY The Hershey Co.	Add +1.9%	0.55%	−0.08
ABBV Abbvie Inc.	Add +0.5%	0.66%	−0.09
QCOM Qualcomm Inc.	Add +1.1%	0.81%	−0.10
MCD McDonald's Corp.	Add +1.9%	1.78%	−0.10
LLY Eli Lilly & Co.	Add +0.3%	0.71%	−0.12
ADBE Adobe Inc.	Add +5.0%	0.99%	−0.13
PEP Pepsico Inc.	Add +1.1%	1.01%	−0.14
CAT Caterpillar Inc.	Add +2.2%	2.02%	−0.16
KO The Coca-Cola Co.	Add +1.4%	1.17%	−0.20
LMT Lockheed Martin Corp.	Add +2.7%	1.12%	−0.22
AMGN Amgen Inc.	Add +1.7%	1.41%	−0.35

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	106	$400.7M	AAPL, GOOGL, AMZN, NVDA, CAT
Q1 2026	104	$365.2M	AAPL, NVDA, GOOGL, AMZN, WMT
Q4 2025	107	$372.7M	AAPL, NVDA, GOOGL, AMZN, MSFT
Q3 2025	108	$366.3M	AAPL, NVDA, AMZN, MSFT, GOOGL
Q2 2025	107	$335.7M	AAPL, NVDA, AMZN, MSFT, WMT
Q1 2025Amended	107	$314.5M	AAPL, AMZN, MSFT, NVDA, WMT
Q4 2024	105	$329.4M	AAPL, AMZN, NVDA, MSFT, GOOGL
Q3 2024	107	$321.6M	AAPL, MSFT, NVDA, AMZN, GOOGL
Q2 2024	108	$307.5M	AAPL, MSFT, NVDA, AMZN, GOOGL
Q1 2024	103	$284.0M	AAPL, MSFT, AMZN, GOOGL, NVDA