Physicians Financial Services, Inc.

Name: PHYSICIANS FINANCIAL SERVICES, INC. 13F holdings, Q1 2025
Creator: PHYSICIANS FINANCIAL SERVICES, INC.
Published: 2025-05-07

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

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
SNPS Synopsys Inc.	0.08%	555	$238K	Reduce -0.9%
XOM Exxon Mobil Corp.	0.07%	1,971	$234K	Add +2.5%
SCHW Schwab (charles) Corp.	0.07%	2,950	$231K	New
PKG Packaging Corp. of America	0.07%	1,150	$228K	No change
DAL Delta Air Lines Inc.	0.07%	5,100	$222K	Reduce -3.8%
COLM Columbia Sportswear Co.	0.06%	2,700	$204K	Reduce -3.6%
INTU Intuit Inc.	0.06%	331	$203K	New

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