Physicians Financial Services, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Physicians Financial Services, Inc. reported 107 stock positions worth $335.7 million. Its top holding was Apple (AAPL) at 13.2% of the portfolio, followed by Nvidia (NVDA, 6.8%) and Amazon.com (AMZN, 6.5%). Compared with Q1 2025, it opened 4 new positions, sold out of 4, added to 29 and reduced 55. The biggest buy was a new position in Automatic Data Processing (ADP) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
RALEIGH, NC
CIK
0001665518
Portfolio Value
$335.7M (Q2 2025)
SEC Filing
0001665518-25-000002 ↗ filed Aug 14, 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 Q4 2024 Q1 2025: $314.5M Q1 2025 Q2 2025: $335.7M $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 · $335.7M
AAPL Apple Inc. 13.20% 216,046 $44.3M Reduce -2.0%
NVDA Nvidia Corp. 6.81% 144,698 $22.9M Add +1.3%
AMZN Amazon.com Inc. 6.54% 100,147 $22.0M Reduce -1.3%
MSFT Microsoft Corp. 6.30% 42,499 $21.1M Reduce -1.9%
WMT Walmart Inc. 4.64% 159,448 $15.6M Reduce -1.4%
GOOGL Alphabet Inc. Class A 4.11% 78,385 $13.8M Reduce -3.3%
MA Mastercard Inc. Class A 3.06% 18,288 $10.3M Reduce -0.4%
META Meta Platforms Inc. Class A 2.89% 13,128 $9.7M Add +0.7%
CAT Caterpillar Inc. 2.24% 19,394 $7.5M Add +0.3%
ADP Automatic Data Processing 2.09% 22,783 $7.0M New
COST Costco Wholesale Corp. 1.94% 6,582 $6.5M Add +3.5%
V Visa Inc. Class A 1.79% 16,968 $6.0M Reduce -2.7%
MCD McDonald's Corp. 1.77% 20,288 $5.9M Reduce -0.5%
CVX Chevron Corp. 1.68% 39,463 $5.7M Reduce -0.6%
ORCL Oracle Corp. 1.57% 24,143 $5.3M No change
LOW Lowe's Cos Inc. 1.51% 22,824 $5.1M Reduce -6.0%
AMGN Amgen Inc. 1.45% 17,457 $4.9M Reduce -1.1%
AVGO Broadcom Inc. 1.33% 16,255 $4.5M Add +2.5%
HD Home Depot Inc. 1.30% 11,903 $4.4M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.30% 8,975 $4.4M Reduce -0.1%
KO The Coca-Cola Co. 1.29% 61,225 $4.3M Reduce -1.9%
DUK Duke Energy Corp. 1.23% 34,973 $4.1M Add +15.2%
CMI Cummins Inc. 1.23% 12,567 $4.1M Reduce -1.3%
PH Parker Hannifin Corp. 1.22% 5,875 $4.1M Add +0.2%
PG The Procter & Gamble Co. 1.17% 24,598 $3.9M Reduce -2.1%
JNJ Johnson & Johnson 1.08% 23,784 $3.6M Reduce -3.8%
LMT Lockheed Martin Corp. 1.04% 7,530 $3.5M Reduce -0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.92% 10,432 $3.1M No change
LLY Eli Lilly & Co. 0.91% 3,915 $3.1M Add +8.5%
ADBE Adobe Inc. 0.90% 7,792 $3.0M Add +0.6%
PEP Pepsico Inc. 0.83% 21,139 $2.8M Reduce -3.1%
QCOM Qualcomm Inc. 0.80% 16,770 $2.7M Reduce -1.5%
DE Deere & Co. 0.78% 5,164 $2.6M No change
ETN Eaton Corp. PLC 0.71% 6,657 $2.4M Reduce -1.0%
MMM 3M Co. 0.67% 14,828 $2.3M Reduce -0.7%
ABBV Abbvie Inc. 0.67% 12,075 $2.2M Reduce -0.4%
CSCO Cisco Systems Inc. 0.67% 32,301 $2.2M Reduce -1.4%
JPM JPMorgan Chase & Co. 0.65% 7,487 $2.2M Reduce -0.3%
RTX RTX Corp. 0.63% 14,391 $2.1M Reduce -2.9%
HSY The Hershey Co. 0.52% 10,584 $1.8M Add +2.2%
ITW Illinois Tool Works 0.48% 6,477 $1.6M Add +1.2%
EQIX Equinix Inc. 0.47% 1,971 $1.6M No change
NVS Novartis AG-Sponsored ADR 0.46% 12,634 $1.5M Reduce -1.6%
TFC Truist Financial Corp. 0.45% 34,943 $1.5M Reduce -1.7%
TXN Texas Instruments Inc. 0.44% 7,049 $1.5M No change
PM Philip Morris International 0.44% 8,030 $1.5M Reduce -0.2%
GOOG Alphabet Inc. Class C 0.42% 7,960 $1.4M Reduce -2.5%
FDX FedEx Corp. 0.41% 6,094 $1.4M Reduce -3.2%
NFLX Netflix Inc. 0.40% 997 $1.3M Add +51.8%
UNP Union Pacific Corp. 0.40% 5,794 $1.3M Add +0.0%
AXP American Express Co. 0.36% 3,790 $1.2M Add +27.8%
TGT Target Corp. 0.34% 11,660 $1.1M Reduce -6.3%
AMD Advanced Micro Devices 0.34% 8,028 $1.1M Reduce -11.7%
NKE Nike Inc. Class B 0.34% 15,927 $1.1M Reduce -1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.34% 23,764 $1.1M Reduce -7.6%
GEV GE Vernova Inc. 0.33% 2,061 $1.1M Add +49.8%
FCNCA First Citizens Bcshs Class A 0.32% 550 $1.1M No change
UBER Uber Technologies Inc. 0.30% 10,961 $1.0M Add +64.6%
MAR Marriott International Class A 0.30% 3,650 $997K No change
SYK Stryker Corp. 0.28% 2,371 $938K No change
CMG Chipotle Mexican Grill Inc. 0.28% 16,483 $926K Reduce -1.5%
MRK Merck & Co. Inc. 0.26% 11,110 $879K Reduce -1.5%
NUE Nucor Corp. 0.26% 6,775 $878K Add +7.0%
TM Toyota Motor Corp. -Spon ADR 0.25% 4,797 $826K Add +2.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.24% 8,380 $809K Reduce -5.5%
VGT Vanguard Info Tech ETF 0.22% 1,135 $753K No change
VZ Verizon Communications Inc. 0.22% 16,886 $731K Reduce -27.8%
BRK.A Berkshire Hathaway Inc. Class A 0.22% 1 $729K No change
SHW The Sherwin-Williams Co. 0.22% 2,120 $728K Reduce -5.4%
PLTR Palantir Technologies Inc. Class A 0.22% 5,300 $722K Reduce -11.7%
ABT Abbott Laboratories 0.21% 5,240 $713K Reduce -0.9%
SBUX Starbucks Corp. 0.21% 7,621 $698K Add +0.7%
AFL Aflac Inc. 0.21% 6,586 $695K No change
EMR Emerson Electric Co. 0.20% 5,009 $668K Reduce -1.0%
TSLA Tesla Inc. 0.20% 2,100 $667K Add +1.9%
LRCX Lam Research Corp. 0.20% 6,730 $655K Reduce -2.9%
BA The Boeing Co. 0.19% 3,000 $629K Add +14.3%
UL Unilever PLC 0.18% 10,148 $621K Reduce -1.0%
BMY Bristol-Myers Squibb Co. 0.18% 13,206 $611K No change
AMAT Applied Materials Inc. 0.17% 3,058 $560K Reduce -7.6%
VEEV Veeva Systems Inc. Class A 0.16% 1,890 $544K Reduce -0.6%
PAYX Paychex Inc. 0.16% 3,702 $538K Reduce -5.1%
MKC McCormick & Co.-Non VTG SHRS 0.16% 6,888 $522K Add +0.3%
CLX Clorox Company 0.15% 4,168 $500K Reduce -11.0%
PANW Palo Alto Networks Inc. 0.14% 2,246 $460K Add +2.6%
NOC Northrop Grumman Corp. 0.13% 875 $437K Reduce -12.9%
APA Apa Corp. 0.11% 20,000 $366K No change
GE General Electric filed as GE AEROSPACE 0.11% 1,420 $365K Add +3.6%
PFE Pfizer Inc. 0.11% 14,945 $362K Reduce -30.9%
GIS General Mills Inc. 0.10% 6,597 $342K Reduce -25.2%
LH Labcorp Holdings Inc. 0.10% 1,302 $342K No change
CHD Church & Dwight Co. Inc. 0.10% 3,553 $341K No change
INTU Intuit Inc. 0.10% 406 $320K Add +22.7%
SCHW Schwab (charles) Corp. 0.09% 3,350 $306K Add +13.6%
SNPS Synopsys Inc. 0.08% 555 $285K No change
COP Conocophillips 0.08% 3,081 $276K Add +3.4%
CHKP Check Point Software Tech 0.08% 1,200 $266K No change
BDX Becton Dickinson and Co. 0.08% 1,530 $264K Reduce -35.7%
HON Honeywell International Inc. 0.08% 1,135 $264K Reduce -69.5%
FDS Factset Research Systems Inc. 0.08% 575 $257K New

Show all 107 holdings

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -2.0% 13.20% −2.37
ADM Archer-Daniels-Midland Co. Sold out 0.00% −2.25
CVX Chevron Corp. Reduce -0.6% 1.68% −0.43
AMGN Amgen Inc. Reduce -1.1% 1.45% −0.30
LOW Lowe's Cos Inc. Reduce -6.0% 1.51% −0.29
MCD McDonald's Corp. Reduce -0.5% 1.77% −0.26
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 1.30% −0.22
JNJ Johnson & Johnson Reduce -3.8% 1.08% −0.22
PEP Pepsico Inc. Reduce -3.1% 0.83% −0.21
PG The Procter & Gamble Co. Reduce -2.1% 1.17% −0.20
HON Honeywell International Inc. Reduce -69.5% 0.08% −0.17
V Visa Inc. Class A Reduce -2.7% 1.79% −0.15
ABBV Abbvie Inc. Reduce -0.4% 0.67% −0.14
MA Mastercard Inc. Class A Reduce -0.4% 3.06% −0.14
KO The Coca-Cola Co. Reduce -1.9% 1.29% −0.13
VZ Verizon Communications Inc. Reduce -27.8% 0.22% −0.12
SJM The JM Smucker Co. Sold out 0.00% −0.10
BDX Becton Dickinson and Co. Reduce -35.7% 0.08% −0.09
HD Home Depot Inc. Reduce -0.2% 1.30% −0.09
ZBH Zimmer Biomet Holdings Inc. Sold out 0.00% −0.08
FDX FedEx Corp. Reduce -3.2% 0.41% −0.08
GPC Genuine Parts Co. Reduce -49.4% 0.07% −0.07
TGT Target Corp. Reduce -6.3% 0.34% −0.07
CLX Clorox Company Reduce -11.0% 0.15% −0.07
PFE Pfizer Inc. Reduce -30.9% 0.11% −0.07
GIS General Mills Inc. Reduce -25.2% 0.10% −0.07
COLM Columbia Sportswear Co. Sold out 0.00% −0.06
MRK Merck & Co. Inc. Reduce -1.5% 0.26% −0.06
CMI Cummins Inc. Reduce -1.3% 1.23% −0.04
QCOM Qualcomm Inc. Reduce -1.5% 0.80% −0.04
LMT Lockheed Martin Corp. Reduce -0.3% 1.04% −0.03
NOC Northrop Grumman Corp. Reduce -12.9% 0.13% −0.03
SHW The Sherwin-Williams Co. Reduce -5.4% 0.22% −0.03
PAYX Paychex Inc. Reduce -5.1% 0.16% −0.03
MMM 3M Co. Reduce -0.7% 0.67% −0.02
TROW T Rowe Price Group Inc. Reduce -5.5% 0.24% −0.02
TFC Truist Financial Corp. Reduce -1.7% 0.45% −0.02
ABT Abbott Laboratories Reduce -0.9% 0.21% −0.01
UL Unilever PLC Reduce -1.0% 0.18% −0.01
BAC Bank of America Corp. Reduce -7.6% 0.34% −0.01
NVS Novartis AG-Sponsored ADR Reduce -1.6% 0.46% +0.00
RTX RTX Corp. Reduce -2.9% 0.63% +0.00
CMG Chipotle Mexican Grill Inc. Reduce -1.5% 0.28% +0.01
NKE Nike Inc. Class B Reduce -1.2% 0.34% +0.01
AMAT Applied Materials Inc. Reduce -7.6% 0.17% +0.01
GOOG Alphabet Inc. Class C Reduce -2.5% 0.42% +0.02
VEEV Veeva Systems Inc. Class A Reduce -0.6% 0.16% +0.02
EMR Emerson Electric Co. Reduce -1.0% 0.20% +0.02
CSCO Cisco Systems Inc. Reduce -1.4% 0.67% +0.02
PM Philip Morris International Reduce -0.2% 0.44% +0.03

Portfolio Buys Q1 2025 → Q2 2025
ADP Automatic Data Processing New 2.09% +2.09
NVDA Nvidia Corp. Add +1.3% 6.81% +1.89
META Meta Platforms Inc. Class A Add +0.7% 2.89% +0.50
AVGO Broadcom Inc. Add +2.5% 1.33% +0.49
CAT Caterpillar Inc. Add +0.3% 2.24% +0.21
NFLX Netflix Inc. Add +51.8% 0.40% +0.20
GEV GE Vernova Inc. Add +49.8% 0.33% +0.19
UBER Uber Technologies Inc. Add +64.6% 0.30% +0.15
AXP American Express Co. Add +27.8% 0.36% +0.11
PH Parker Hannifin Corp. Add +0.2% 1.22% +0.09
FDS Factset Research Systems Inc. New 0.08% +0.08
GNRC Generac Holdings Inc. New 0.06% +0.06
NSC Norfolk Southern Corp. New 0.06% +0.06
DUK Duke Energy Corp. Add +15.2% 1.23% +0.05
BA The Boeing Co. Add +14.3% 0.19% +0.04
INTU Intuit Inc. Add +22.7% 0.10% +0.03
TSLA Tesla Inc. Add +1.9% 0.20% +0.03
COST Costco Wholesale Corp. Add +3.5% 1.94% +0.03
GE General Electric Add +3.6% 0.11% +0.02
NUE Nucor Corp. Add +7.0% 0.26% +0.02
PANW Palo Alto Networks Inc. Add +2.6% 0.14% +0.02
SCHW Schwab (charles) Corp. Add +13.6% 0.09% +0.02
XOM Exxon Mobil Corp. Add +0.8% 0.06% −0.01
REGN Regeneron Pharmaceuticals Add +3.9% 0.06% −0.01
COP Conocophillips Add +3.4% 0.08% −0.02
TM Toyota Motor Corp. -Spon ADR Add +2.1% 0.25% −0.02
MKC McCormick & Co.-Non VTG SHRS Add +0.3% 0.16% −0.02
ITW Illinois Tool Works Add +1.2% 0.48% −0.03
SBUX Starbucks Corp. Add +0.7% 0.21% −0.03
LLY Eli Lilly & Co. Add +8.5% 0.91% −0.04
UNP Union Pacific Corp. Add +0.0% 0.40% −0.04
HSY The Hershey Co. Add +2.2% 0.52% −0.04
ADBE Adobe Inc. Add +0.6% 0.90% −0.05

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