Physicians Financial Services, Inc.

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

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 Q3 2024 Q4 2024: $329.4M $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 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
GE General Electric filed as GE AEROSPACE 0.07% 1,398 $233K Add +2.0%
ZBH Zimmer Biomet Holdings Inc. 0.07% 2,129 $225K No change
HPQ HP Inc. 0.07% 6,865 $224K Reduce -0.4%
XOM Exxon Mobil Corp. 0.06% 1,922 $207K Add +5.5%
TTC Toro Co. 0.06% 2,540 $203K No change

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

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