Physicians Financial Services, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Physicians Financial Services, Inc. reported 108 stock positions worth $366.3 million. Its top holding was Apple (AAPL) at 14.9% of the portfolio, followed by Nvidia (NVDA, 7.1%) and Amazon.com (AMZN, 6.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 2, added to 20 and reduced 47. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Amazon.com (AMZN, shares −0%).

Most Recent 13F
Q2 2026
Location
RALEIGH, NC
CIK
0001665518
Portfolio Value
$366.3M (Q3 2025)
SEC Filing
0001665518-25-000004 ↗ filed Oct 21, 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 Q2 2025 Q3 2025: $366.3M $366.3M Q3 2025 Q4 2025: $372.7M Q4 2025 Q1 2026: $365.2M Q1 2026 Q2 2026: $400.7M Q2 2026

Holdings 108 stocks · $366.3M
AAPL Apple Inc. 14.93% 214,740 $54.7M Reduce -0.6%
NVDA Nvidia Corp. 7.13% 140,047 $26.1M Reduce -3.2%
AMZN Amazon.com Inc. 5.99% 99,905 $21.9M Reduce -0.2%
MSFT Microsoft Corp. 5.93% 41,920 $21.7M Reduce -1.4%
GOOGL Alphabet Inc. Class A 5.20% 78,396 $19.1M Add +0.0%
WMT Walmart Inc. 4.48% 159,298 $16.4M Reduce -0.1%
MA Mastercard Inc. Class A 2.83% 18,233 $10.4M Reduce -0.3%
META Meta Platforms Inc. Class A 2.64% 13,168 $9.7M Add +0.3%
CAT Caterpillar Inc. 2.51% 19,294 $9.2M Reduce -0.5%
ORCL Oracle Corp. 1.83% 23,893 $6.7M Reduce -1.0%
ADP Automatic Data Processing 1.81% 22,558 $6.6M Reduce -1.0%
COST Costco Wholesale Corp. 1.68% 6,662 $6.2M Add +1.2%
MCD McDonald's Corp. 1.68% 20,263 $6.2M Reduce -0.1%
CVX Chevron Corp. 1.67% 39,338 $6.1M Reduce -0.3%
V Visa Inc. Class A 1.58% 16,968 $5.8M No change
LOW Lowe's Cos Inc. 1.56% 22,799 $5.7M Reduce -0.1%
AVGO Broadcom Inc. 1.46% 16,155 $5.3M Reduce -0.6%
CMI Cummins Inc. 1.44% 12,527 $5.3M Reduce -0.3%
AMGN Amgen Inc. 1.33% 17,222 $4.9M Reduce -1.4%
HD Home Depot Inc. 1.32% 11,973 $4.9M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 1.25% 9,101 $4.6M Add +1.4%
PH Parker Hannifin Corp. 1.22% 5,875 $4.5M No change
DUK Duke Energy Corp. 1.21% 35,923 $4.4M Add +2.7%
JNJ Johnson & Johnson 1.19% 23,599 $4.4M Reduce -0.8%
KO The Coca-Cola Co. 1.10% 60,975 $4.0M Reduce -0.4%
PG The Procter & Gamble Co. 1.04% 24,729 $3.8M Add +0.5%
LMT Lockheed Martin Corp. 1.02% 7,500 $3.7M Reduce -0.4%
LLY Eli Lilly & Co. 0.83% 3,996 $3.0M Add +2.1%
PEP Pepsico Inc. 0.81% 21,090 $3.0M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.79% 10,292 $2.9M Reduce -1.3%
ABBV Abbvie Inc. 0.76% 12,075 $2.8M No change
QCOM Qualcomm Inc. 0.76% 16,715 $2.8M Reduce -0.3%
ADBE Adobe Inc. 0.75% 7,766 $2.7M Reduce -0.3%
JPM JPMorgan Chase & Co. 0.68% 7,867 $2.5M Add +5.1%
ETN Eaton Corp. PLC 0.67% 6,579 $2.5M Reduce -1.2%
RTX RTX Corp. 0.66% 14,391 $2.4M No change
DE Deere & Co. 0.64% 5,164 $2.4M No change
MMM 3M Co. 0.63% 14,778 $2.3M Reduce -0.3%
CSCO Cisco Systems Inc. 0.60% 32,101 $2.2M Reduce -0.6%
HSY The Hershey Co. 0.54% 10,584 $2.0M No change
GOOG Alphabet Inc. Class C 0.52% 7,760 $1.9M Reduce -2.5%
ITW Illinois Tool Works 0.46% 6,452 $1.7M Reduce -0.4%
TFC Truist Financial Corp. 0.44% 34,999 $1.6M Add +0.2%
NVS Novartis AG-Sponsored ADR 0.44% 12,434 $1.6M Reduce -1.6%
EQIX Equinix Inc. 0.42% 1,971 $1.5M No change
FDX FedEx Corp. 0.39% 5,994 $1.4M Reduce -1.6%
UNP Union Pacific Corp. 0.37% 5,769 $1.4M Reduce -0.4%
GEV GE Vernova Inc. 0.37% 2,216 $1.4M Add +7.5%
PM Philip Morris International 0.36% 8,030 $1.3M No change
TXN Texas Instruments Inc. 0.35% 7,049 $1.3M No change
AMD Advanced Micro Devices 0.35% 7,883 $1.3M Reduce -1.8%
AXP American Express Co. 0.35% 3,815 $1.3M Add +0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 23,694 $1.2M Reduce -0.3%
NFLX Netflix Inc. 0.33% 997 $1.2M No change
NKE Nike Inc. Class B 0.30% 15,978 $1.1M Add +0.3%
UBER Uber Technologies Inc. 0.29% 10,861 $1.1M Reduce -0.9%
TGT Target Corp. 0.27% 11,036 $990K Reduce -5.3%
FCNCA First Citizens Bcshs Class A 0.27% 550 $984K No change
PLTR Palantir Technologies Inc. Class A 0.27% 5,382 $982K Add +1.6%
TSLA Tesla Inc. 0.26% 2,145 $954K Add +2.1%
MAR Marriott International Class A 0.26% 3,650 $951K No change
MRK Merck & Co. Inc. 0.25% 11,010 $924K Reduce -0.9%
NUE Nucor Corp. 0.25% 6,775 $918K No change
TM Toyota Motor Corp. -Spon ADR 0.25% 4,797 $917K No change
LRCX Lam Research Corp. 0.25% 6,730 $901K No change
SYK Stryker Corp. 0.24% 2,371 $876K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.23% 8,346 $857K Reduce -0.4%
VGT Vanguard Info Tech ETF 0.23% 1,135 $847K No change
BRK.A Berkshire Hathaway Inc. Class A 0.21% 1 $754K No change
VZ Verizon Communications Inc. 0.20% 16,874 $742K Reduce -0.1%
AFL Aflac Inc. 0.20% 6,586 $736K No change
SHW The Sherwin-Williams Co. 0.20% 2,120 $734K No change
BA The Boeing Co. 0.20% 3,325 $718K Add +10.8%
ABT Abbott Laboratories 0.19% 5,240 $702K No change
CMG Chipotle Mexican Grill Inc. 0.18% 16,770 $657K Add +1.7%
SBUX Starbucks Corp. 0.18% 7,631 $646K Add +0.1%
AMAT Applied Materials Inc. 0.17% 3,058 $626K No change
EMR Emerson Electric Co. 0.17% 4,609 $605K Reduce -8.0%
UL Unilever PLC 0.16% 10,148 $602K No change
BMY Bristol-Myers Squibb Co. 0.16% 12,906 $582K Reduce -2.3%
VEEV Veeva Systems Inc. Class A 0.15% 1,890 $563K No change
NOC Northrop Grumman Corp. 0.15% 875 $533K No change
APA Apa Corp. 0.13% 20,000 $486K No change
PANW Palo Alto Networks Inc. 0.13% 2,351 $479K Add +4.7%
PAYX Paychex Inc. 0.13% 3,702 $469K No change
CLX Clorox Company 0.13% 3,788 $467K Reduce -9.1%
MKC McCormick & Co.-Non VTG SHRS 0.12% 6,699 $448K Reduce -2.7%
GE General Electric filed as GE AEROSPACE 0.12% 1,420 $427K No change
PFE Pfizer Inc. 0.10% 13,882 $354K Reduce -7.1%
LH Labcorp Holdings Inc. 0.09% 1,202 $345K Reduce -7.7%
GIS General Mills Inc. 0.09% 6,497 $328K Reduce -1.5%
SCHW Schwab (charles) Corp. 0.09% 3,350 $320K No change
CHD Church & Dwight Co. Inc. 0.08% 3,552 $311K Reduce -0.0%
COP Conocophillips 0.08% 3,081 $291K No change
DAL Delta Air Lines Inc. 0.08% 5,100 $289K No change
BDX Becton Dickinson and Co. 0.08% 1,520 $284K Reduce -0.7%
INTU Intuit Inc. 0.08% 406 $277K No change
CHKP Check Point Software Tech 0.07% 1,290 $267K Add +7.5%
GPC Genuine Parts Co. 0.07% 1,920 $266K No change
GNRC Generac Holdings Inc. 0.07% 1,500 $251K No change
PKG Packaging Corp. of America 0.07% 1,150 $251K No change
NSC Norfolk Southern Corp. 0.07% 825 $248K No change
TEL Te Connectivity PLC 0.07% 1,102 $242K New
REGN Regeneron Pharmaceuticals 0.06% 400 $225K No change
XOM Exxon Mobil Corp. 0.06% 1,986 $224K No change
HON Honeywell International Inc. 0.06% 1,025 $216K Reduce -9.7%
ZBH Zimmer Biomet Holdings Inc. 0.06% 2,129 $210K New
RY Royal Bank of Canada 0.06% 1,379 $203K New

Portfolio Sells Q2 2025 → Q3 2025
AMZN Amazon.com Inc. Reduce -0.2% 5.99% −0.56
MSFT Microsoft Corp. Reduce -1.4% 5.93% −0.37
ADP Automatic Data Processing Reduce -1.0% 1.81% −0.29
MA Mastercard Inc. Class A Reduce -0.3% 2.83% −0.23
KO The Coca-Cola Co. Reduce -0.4% 1.10% −0.19
WMT Walmart Inc. Reduce -0.1% 4.48% −0.16
ADBE Adobe Inc. Reduce -0.3% 0.75% −0.15
AMGN Amgen Inc. Reduce -1.4% 1.33% −0.13
IBM Intl Business Machines Corp. Reduce -1.3% 0.79% −0.12
SNPS Synopsys Inc. Sold out 0.00% −0.08
MCD McDonald's Corp. Reduce -0.1% 1.68% −0.08
FDS Factset Research Systems Inc. Sold out 0.00% −0.08
TGT Target Corp. Reduce -5.3% 0.27% −0.07
CSCO Cisco Systems Inc. Reduce -0.6% 0.60% −0.07
MMM 3M Co. Reduce -0.3% 0.63% −0.05
QCOM Qualcomm Inc. Reduce -0.3% 0.76% −0.04
ETN Eaton Corp. PLC Reduce -1.2% 0.67% −0.04
EMR Emerson Electric Co. Reduce -8.0% 0.17% −0.03
MKC McCormick & Co.-Non VTG SHRS Reduce -2.7% 0.12% −0.03
FDX FedEx Corp. Reduce -1.6% 0.39% −0.03
UNP Union Pacific Corp. Reduce -0.4% 0.37% −0.02
BMY Bristol-Myers Squibb Co. Reduce -2.3% 0.16% −0.02
PEP Pepsico Inc. Reduce -0.2% 0.81% −0.02
CLX Clorox Company Reduce -9.1% 0.13% −0.02
NVS Novartis AG-Sponsored ADR Reduce -1.6% 0.44% −0.02
HON Honeywell International Inc. Reduce -9.7% 0.06% −0.02
ITW Illinois Tool Works Reduce -0.4% 0.46% −0.02
CHD Church & Dwight Co. Inc. Reduce -0.0% 0.08% −0.02
LMT Lockheed Martin Corp. Reduce -0.4% 1.02% −0.02
CVX Chevron Corp. Reduce -0.3% 1.67% −0.02
VZ Verizon Communications Inc. Reduce -0.1% 0.20% −0.02
UBER Uber Technologies Inc. Reduce -0.9% 0.29% −0.01
GIS General Mills Inc. Reduce -1.5% 0.09% −0.01
PFE Pfizer Inc. Reduce -7.1% 0.10% −0.01
MRK Merck & Co. Inc. Reduce -0.9% 0.25% −0.01
LH Labcorp Holdings Inc. Reduce -7.7% 0.09% −0.01
TROW T Rowe Price Group Inc. Reduce -0.4% 0.23% −0.01
BAC Bank of America Corp. Reduce -0.3% 0.33% −0.00
BDX Becton Dickinson and Co. Reduce -0.7% 0.08% −0.00
AMD Advanced Micro Devices Reduce -1.8% 0.35% +0.01
LOW Lowe's Cos Inc. Reduce -0.1% 1.56% +0.06
GOOG Alphabet Inc. Class C Reduce -2.5% 0.52% +0.10
JNJ Johnson & Johnson Reduce -0.8% 1.19% +0.11
AVGO Broadcom Inc. Reduce -0.6% 1.46% +0.12
CMI Cummins Inc. Reduce -0.3% 1.44% +0.22
ORCL Oracle Corp. Reduce -1.0% 1.83% +0.26
CAT Caterpillar Inc. Reduce -0.5% 2.51% +0.27
NVDA Nvidia Corp. Reduce -3.2% 7.13% +0.32
AAPL Apple Inc. Reduce -0.6% 14.93% +1.72

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A Add +0.0% 5.20% +1.09
TEL Te Connectivity PLC New 0.07% +0.07
TSLA Tesla Inc. Add +2.1% 0.26% +0.06
ZBH Zimmer Biomet Holdings Inc. New 0.06% +0.06
RY Royal Bank of Canada New 0.06% +0.06
PLTR Palantir Technologies Inc. Class A Add +1.6% 0.27% +0.05
GEV GE Vernova Inc. Add +7.5% 0.37% +0.05
JPM JPMorgan Chase & Co. Add +5.1% 0.68% +0.03
HD Home Depot Inc. Add +0.6% 1.32% +0.02
BA The Boeing Co. Add +10.8% 0.20% +0.01
PANW Palo Alto Networks Inc. Add +4.7% 0.13% −0.01
CHKP Check Point Software Tech Add +7.5% 0.07% −0.01
TFC Truist Financial Corp. Add +0.2% 0.44% −0.01
AXP American Express Co. Add +0.7% 0.35% −0.01
DUK Duke Energy Corp. Add +2.7% 1.21% −0.02
SBUX Starbucks Corp. Add +0.1% 0.18% −0.03
NKE Nike Inc. Class B Add +0.3% 0.30% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +1.4% 1.25% −0.05
LLY Eli Lilly & Co. Add +2.1% 0.83% −0.08
CMG Chipotle Mexican Grill Inc. Add +1.7% 0.18% −0.10
PG The Procter & Gamble Co. Add +0.5% 1.04% −0.13
META Meta Platforms Inc. Class A Add +0.3% 2.64% −0.25
COST Costco Wholesale Corp. Add +1.2% 1.68% −0.26

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