Physicians Financial Services, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Physicians Financial Services, Inc. reported 107 stock positions worth $314.5 million. Its top holding was Apple (AAPL) at 15.6% of the portfolio, followed by Amazon.com (AMZN, 6.1%) and Microsoft (MSFT, 5.2%). Compared with Q4 2024, it opened 7 new positions, sold out of 5, added to 37 and reduced 51. The biggest buy was Archer-Daniels-Midland (ADM, shares +360%) and the biggest sale an exit from Automatic Data Processing (ADP).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0001665518
- Portfolio Value
- $314.5M (Q1 2025)
- SEC Filing
- 0002013988-25-000004 ↗ filed May 7, 2025
Holdings Value
Holdings 107 stocks · $314.5M
| AAPL Apple Inc. | 15.57% | 220,480 | $49.0M | Add +0.2% |
| AMZN Amazon.com Inc. | 6.14% | 101,436 | $19.3M | Add +9.7% |
| MSFT Microsoft Corp. | 5.17% | 43,311 | $16.3M | Add +1.1% |
| NVDA Nvidia Corp. | 4.92% | 142,827 | $15.5M | Reduce -0.4% |
| WMT Walmart Inc. | 4.51% | 161,628 | $14.2M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 3.98% | 81,033 | $12.5M | Reduce -4.2% |
| MA Mastercard Inc. Class A | 3.20% | 18,363 | $10.1M | Add +0.8% |
| META Meta Platforms Inc. Class A | 2.39% | 13,033 | $7.5M | Add +0.7% |
| ADM Archer-Daniels-Midland Co. | 2.25% | 23,117 | $7.1M | Add +360.3% |
| CVX Chevron Corp. | 2.11% | 39,715 | $6.6M | Add +4.8% |
| CAT Caterpillar Inc. | 2.03% | 19,334 | $6.4M | Add +5.2% |
| MCD McDonald's Corp. | 2.02% | 20,387 | $6.4M | Add +0.6% |
| V Visa Inc. Class A | 1.94% | 17,441 | $6.1M | No change |
| COST Costco Wholesale Corp. | 1.91% | 6,362 | $6.0M | Add +8.1% |
| LOW Lowe's Cos Inc. | 1.80% | 24,274 | $5.7M | Reduce -0.1% |
| AMGN Amgen Inc. | 1.75% | 17,652 | $5.5M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.52% | 8,985 | $4.8M | No change |
| KO The Coca-Cola Co. | 1.42% | 62,424 | $4.5M | Add +0.6% |
| HD Home Depot Inc. | 1.39% | 11,928 | $4.4M | Add +2.6% |
| PG The Procter & Gamble Co. | 1.36% | 25,138 | $4.3M | Reduce -1.2% |
| JNJ Johnson & Johnson | 1.30% | 24,716 | $4.1M | Reduce -0.6% |
| CMI Cummins Inc. | 1.27% | 12,732 | $4.0M | Add +1.2% |
| DUK Duke Energy Corp. | 1.18% | 30,362 | $3.7M | Add +55.1% |
| PH Parker Hannifin Corp. | 1.13% | 5,865 | $3.6M | Reduce -0.4% |
| ORCL Oracle Corp. | 1.07% | 24,143 | $3.4M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 1.07% | 7,550 | $3.4M | Reduce -0.1% |
| PEP Pepsico Inc. | 1.04% | 21,817 | $3.3M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.95% | 3,607 | $3.0M | Add +18.8% |
| ADBE Adobe Inc. | 0.94% | 7,746 | $3.0M | Add +5.4% |
| AVGO Broadcom Inc. | 0.84% | 15,855 | $2.7M | Reduce -1.7% |
| QCOM Qualcomm Inc. | 0.83% | 17,020 | $2.6M | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.82% | 10,432 | $2.6M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.81% | 12,125 | $2.5M | Reduce -0.2% |
| DE Deere & Co. | 0.77% | 5,164 | $2.4M | Add +2.0% |
| MMM 3M Co. | 0.70% | 14,928 | $2.2M | Add +1.2% |
| CSCO Cisco Systems Inc. | 0.64% | 32,751 | $2.0M | Add +0.9% |
| RTX RTX Corp. | 0.62% | 14,813 | $2.0M | No change |
| JPM JPMorgan Chase & Co. | 0.59% | 7,512 | $1.8M | Add +2.3% |
| ETN Eaton Corp. PLC | 0.58% | 6,723 | $1.8M | Reduce -10.0% |
| HSY The Hershey Co. | 0.56% | 10,359 | $1.8M | Reduce -2.9% |
| EQIX Equinix Inc. | 0.51% | 1,971 | $1.6M | Reduce -1.3% |
| ITW Illinois Tool Works | 0.51% | 6,402 | $1.6M | Add +1.6% |
| FDX FedEx Corp. | 0.49% | 6,294 | $1.5M | Reduce -10.7% |
| TFC Truist Financial Corp. | 0.47% | 35,543 | $1.5M | Reduce -3.4% |
| NVS Novartis AG-Sponsored ADR | 0.46% | 12,834 | $1.4M | Reduce -1.8% |
| UNP Union Pacific Corp. | 0.44% | 5,793 | $1.4M | Reduce -1.7% |
| TGT Target Corp. | 0.41% | 12,446 | $1.3M | Reduce -5.6% |
| PM Philip Morris International | 0.41% | 8,045 | $1.3M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 0.41% | 8,160 | $1.3M | No change |
| TXN Texas Instruments Inc. | 0.40% | 7,049 | $1.3M | Reduce -0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 25,721 | $1.1M | Reduce -2.5% |
| VZ Verizon Communications Inc. | 0.34% | 23,375 | $1.1M | Reduce -28.3% |
| NKE Nike Inc. Class B | 0.33% | 16,127 | $1.0M | Add +17.3% |
| FCNCA First Citizens Bcshs Class A | 0.32% | 550 | $1.0M | No change |
| MRK Merck & Co. Inc. | 0.32% | 11,280 | $1.0M | Reduce -3.7% |
| AMD Advanced Micro Devices | 0.30% | 9,087 | $934K | Add +8.6% |
| SYK Stryker Corp. | 0.28% | 2,371 | $882K | Add +0.0% |
| MAR Marriott International Class A | 0.28% | 3,650 | $869K | Reduce -4.5% |
| CMG Chipotle Mexican Grill Inc. | 0.27% | 16,738 | $840K | Add +1.5% |
| TM Toyota Motor Corp. -Spon ADR | 0.26% | 4,697 | $829K | Add +24.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.26% | 8,868 | $815K | Reduce -1.9% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 13,206 | $805K | Reduce -2.8% |
| AXP American Express Co. | 0.25% | 2,965 | $798K | Add +27.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 1 | $798K | New |
| HON Honeywell International Inc. | 0.25% | 3,720 | $788K | Reduce -44.4% |
| SHW The Sherwin-Williams Co. | 0.25% | 2,240 | $782K | Add +5.7% |
| NUE Nucor Corp. | 0.24% | 6,335 | $762K | Add +112.9% |
| SBUX Starbucks Corp. | 0.24% | 7,571 | $743K | Reduce -2.6% |
| AFL Aflac Inc. | 0.23% | 6,586 | $732K | Reduce -0.4% |
| ABT Abbott Laboratories | 0.22% | 5,290 | $702K | Reduce -0.9% |
| CLX Clorox Company | 0.22% | 4,685 | $690K | Reduce -9.1% |
| VGT Vanguard Info Tech ETF | 0.20% | 1,135 | $615K | Add +0.1% |
| NFLX Netflix Inc. | 0.19% | 657 | $613K | New |
| UL Unilever PLC | 0.19% | 10,248 | $610K | Reduce -2.4% |
| PAYX Paychex Inc. | 0.19% | 3,902 | $602K | Reduce -3.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.18% | 6,868 | $565K | Reduce -0.7% |
| EMR Emerson Electric Co. | 0.18% | 5,059 | $555K | No change |
| PFE Pfizer Inc. | 0.17% | 21,627 | $548K | Reduce -26.1% |
| BDX Becton Dickinson and Co. | 0.17% | 2,380 | $545K | Reduce -28.0% |
| TSLA Tesla Inc. | 0.17% | 2,060 | $534K | Reduce -1.7% |
| GIS General Mills Inc. | 0.17% | 8,822 | $527K | Reduce -26.8% |
| NOC Northrop Grumman Corp. | 0.16% | 1,005 | $515K | Reduce -14.8% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 6,000 | $506K | Add +9.1% |
| LRCX Lam Research Corp. | 0.16% | 6,930 | $504K | Reduce -1.4% |
| UBER Uber Technologies Inc. | 0.15% | 6,659 | $485K | New |
| AMAT Applied Materials Inc. | 0.15% | 3,310 | $480K | Reduce -3.4% |
| GPC Genuine Parts Co. | 0.14% | 3,791 | $452K | Reduce -21.9% |
| BA The Boeing Co. | 0.14% | 2,625 | $448K | Add +1.0% |
| VEEV Veeva Systems Inc. Class A | 0.14% | 1,902 | $441K | Add +6.6% |
| APA Apa Corp. | 0.13% | 20,000 | $420K | No change |
| GEV GE Vernova Inc. | 0.13% | 1,376 | $420K | New |
| CHD Church & Dwight Co. Inc. | 0.12% | 3,553 | $391K | Add +0.0% |
| PANW Palo Alto Networks Inc. | 0.12% | 2,190 | $374K | No change |
| COP Conocophillips | 0.10% | 2,980 | $313K | Add +9.2% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.10% | 2,610 | $309K | Reduce -14.7% |
| LH Labcorp Holdings Inc. | 0.10% | 1,302 | $303K | No change |
| GE General Electric filed as GE AEROSPACE | 0.09% | 1,370 | $274K | Reduce -2.0% |
| CHKP Check Point Software Tech | 0.09% | 1,200 | $274K | New |
| REGN Regeneron Pharmaceuticals | 0.08% | 385 | $244K | No change |
| ZBH Zimmer Biomet Holdings Inc. | 0.08% | 2,129 | $241K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| ADP Automatic Data Processing | Sold out | 0.00% | −2.06 |
| NVDA Nvidia Corp. | Reduce -0.4% | 4.92% | −0.93 |
| GOOGL Alphabet Inc. Class A | Reduce -4.2% | 3.98% | −0.88 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.71 |
| AVGO Broadcom Inc. | Reduce -1.7% | 0.84% | −0.29 |
| HON Honeywell International Inc. | Reduce -44.4% | 0.25% | −0.21 |
| ETN Eaton Corp. PLC | Reduce -10.0% | 0.58% | −0.17 |
| ORCL Oracle Corp. | Reduce -0.1% | 1.07% | −0.15 |
| TGT Target Corp. | Reduce -5.6% | 0.41% | −0.13 |
| FDX FedEx Corp. | Reduce -10.7% | 0.49% | −0.11 |
| TSLA Tesla Inc. | Reduce -1.7% | 0.17% | −0.09 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.07 |
| HPQ HP Inc. | Sold out | 0.00% | −0.07 |
| GIS General Mills Inc. | Reduce -26.8% | 0.17% | −0.07 |
| TTC Toro Co. | Sold out | 0.00% | −0.06 |
| PFE Pfizer Inc. | Reduce -26.1% | 0.17% | −0.06 |
| EQIX Equinix Inc. | Reduce -1.3% | 0.51% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -28.3% | 0.34% | −0.06 |
| BDX Becton Dickinson and Co. | Reduce -28.0% | 0.17% | −0.05 |
| TROW T Rowe Price Group Inc. | Reduce -1.9% | 0.26% | −0.05 |
| MAR Marriott International Class A | Reduce -4.5% | 0.28% | −0.05 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 1.07% | −0.04 |
| CLX Clorox Company | Reduce -9.1% | 0.22% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -3.7% | 0.32% | −0.03 |
| GPC Genuine Parts Co. | Reduce -21.9% | 0.14% | −0.03 |
| DAL Delta Air Lines Inc. | Reduce -3.8% | 0.07% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.1% | 1.80% | −0.02 |
| TFC Truist Financial Corp. | Reduce -3.4% | 0.47% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -3.4% | 0.15% | −0.02 |
| BAC Bank of America Corp. | Reduce -2.5% | 0.34% | −0.01 |
| SNPS Synopsys Inc. | Reduce -0.9% | 0.08% | −0.01 |
| COLM Columbia Sportswear Co. | Reduce -3.6% | 0.06% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -14.8% | 0.16% | −0.00 |
| SJM The JM Smucker Co. | Reduce -14.7% | 0.10% | −0.00 |
| PH Parker Hannifin Corp. | Reduce -0.4% | 1.13% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.7% | 0.40% | −0.00 |
| LRCX Lam Research Corp. | Reduce -1.4% | 0.16% | +0.01 |
| UL Unilever PLC | Reduce -2.4% | 0.19% | +0.01 |
| HSY The Hershey Co. | Reduce -2.9% | 0.56% | +0.01 |
| GE General Electric | Reduce -2.0% | 0.09% | +0.02 |
| PAYX Paychex Inc. | Reduce -3.7% | 0.19% | +0.02 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.7% | 0.18% | +0.02 |
| SBUX Starbucks Corp. | Reduce -2.6% | 0.24% | +0.02 |
| QCOM Qualcomm Inc. | Reduce -1.9% | 0.83% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.8% | 0.26% | +0.02 |
| AFL Aflac Inc. | Reduce -0.4% | 0.23% | +0.03 |
| PEP Pepsico Inc. | Reduce -0.7% | 1.04% | +0.03 |
| UNP Union Pacific Corp. | Reduce -1.7% | 0.44% | +0.03 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.22% | +0.04 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 1.36% | +0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| ADM Archer-Daniels-Midland Co. | Add +360.3% | 2.25% | +2.17 |
| DUK Duke Energy Corp. | Add +55.1% | 1.18% | +0.54 |
| CVX Chevron Corp. | Add +4.8% | 2.11% | +0.45 |
| MA Mastercard Inc. Class A | Add +0.8% | 3.20% | +0.29 |
| COST Costco Wholesale Corp. | Add +8.1% | 1.91% | +0.28 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.25% | +0.25 |
| KO The Coca-Cola Co. | Add +0.6% | 1.42% | +0.25 |
| MCD McDonald's Corp. | Add +0.6% | 2.02% | +0.24 |
| LLY Eli Lilly & Co. | Add +18.8% | 0.95% | +0.24 |
| NFLX Netflix Inc. | New | 0.19% | +0.19 |
| UBER Uber Technologies Inc. | New | 0.15% | +0.15 |
| NUE Nucor Corp. | Add +112.9% | 0.24% | +0.14 |
| GEV GE Vernova Inc. | New | 0.13% | +0.13 |
| DE Deere & Co. | Add +2.0% | 0.77% | +0.12 |
| MMM 3M Co. | Add +1.2% | 0.70% | +0.12 |
| WMT Walmart Inc. | Add +0.2% | 4.51% | +0.09 |
| META Meta Platforms Inc. Class A | Add +0.7% | 2.39% | +0.09 |
| CHKP Check Point Software Tech | New | 0.09% | +0.09 |
| SCHW Schwab (charles) Corp. | New | 0.07% | +0.07 |
| INTU Intuit Inc. | New | 0.06% | +0.06 |
| CSCO Cisco Systems Inc. | Add +0.9% | 0.64% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +2.3% | 0.59% | +0.05 |
| AXP American Express Co. | Add +27.8% | 0.25% | +0.04 |
| TM Toyota Motor Corp. -Spon ADR | Add +24.5% | 0.26% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +9.1% | 0.16% | +0.03 |
| SHW The Sherwin-Williams Co. | Add +5.7% | 0.25% | +0.03 |
| VEEV Veeva Systems Inc. Class A | Add +6.6% | 0.14% | +0.03 |
| SYK Stryker Corp. | Add +0.0% | 0.28% | +0.02 |
| ITW Illinois Tool Works | Add +1.6% | 0.51% | +0.02 |
| COP Conocophillips | Add +9.2% | 0.10% | +0.02 |
| HD Home Depot Inc. | Add +2.6% | 1.39% | +0.02 |
| XOM Exxon Mobil Corp. | Add +2.5% | 0.07% | +0.01 |
| CHD Church & Dwight Co. Inc. | Add +0.0% | 0.12% | +0.01 |
| NKE Nike Inc. Class B | Add +17.3% | 0.33% | +0.01 |
| BA The Boeing Co. | Add +1.0% | 0.14% | +0.00 |
| CAT Caterpillar Inc. | Add +5.2% | 2.03% | +0.00 |
| AMD Advanced Micro Devices | Add +8.6% | 0.30% | −0.01 |
| VGT Vanguard Info Tech ETF | Add +0.1% | 0.20% | −0.02 |
| AMZN Amazon.com Inc. | Add +9.7% | 6.14% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +1.5% | 0.27% | −0.04 |
| ADBE Adobe Inc. | Add +5.4% | 0.94% | −0.05 |
| CMI Cummins Inc. | Add +1.2% | 1.27% | −0.06 |
| MSFT Microsoft Corp. | Add +1.1% | 5.17% | −0.31 |
| AAPL Apple Inc. | Add +0.2% | 15.57% | −1.16 |
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 |