Physicians Financial Services, Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 21, 2026), Physicians Financial Services, Inc. reported 106 stock positions worth $400.7 million. Its top holding was Apple (AAPL) at 14.8% of the portfolio, followed by Alphabet Class A (GOOGL, 6.8%) and Amazon.com (AMZN, 6.0%). Compared with Q1 2026, it opened 2 new positions, sold out of 1, added to 16 and reduced 43. The biggest buy was Amazon.com (AMZN, shares +3%) and the biggest sale Nvidia (NVDA, shares −23%).

Most Recent 13F
Q2 2026
Location
RALEIGH, NC
CIK
0001665518
Portfolio Value
$400.7M (Q2 2026)
SEC Filing
0001665518-26-000003 ↗ filed Jul 21, 2026

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 Q3 2025 Q4 2025: $372.7M Q4 2025 Q1 2026: $365.2M Q1 2026 Q2 2026: $400.7M $400.7M Q2 2026

Holdings 106 stocks · $400.7M
AAPL Apple Inc. 14.77% 204,571 $59.2M Reduce -0.8%
GOOGL Alphabet Inc. Class A 6.82% 76,506 $27.3M Reduce -0.3%
AMZN Amazon.com Inc. 6.03% 101,352 $24.2M Add +2.7%
NVDA Nvidia Corp. 5.23% 104,675 $20.9M Reduce -23.2%
CAT Caterpillar Inc. 5.06% 19,039 $20.3M Reduce -0.6%
WMT Walmart Inc. 4.45% 157,447 $17.8M Reduce -0.2%
MSFT Microsoft Corp. 3.97% 42,602 $15.9M Add +0.6%
MA Mastercard Inc. Class A 2.31% 18,038 $9.3M Reduce -0.1%
CMI Cummins Inc. 2.19% 12,287 $8.8M Reduce -0.4%
META Meta Platforms Inc. Class A 1.86% 13,211 $7.4M Reduce -0.3%
COST Costco Wholesale Corp. 1.62% 6,943 $6.5M Reduce -1.0%
CVX Chevron Corp. 1.59% 38,443 $6.4M Reduce -2.0%
LLY Eli Lilly & Co. 1.55% 5,192 $6.2M Add +4.5%
AMGN Amgen Inc. 1.53% 16,942 $6.1M Reduce -0.4%
JNJ Johnson & Johnson 1.51% 23,841 $6.1M Reduce -0.3%
AVGO Broadcom Inc. 1.46% 15,435 $5.8M Reduce -1.0%
V Visa Inc. Class A 1.43% 16,663 $5.7M Add +0.5%
PH Parker Hannifin Corp. 1.42% 5,810 $5.7M Reduce -0.4%
MCD McDonald's Corp. 1.38% 20,476 $5.5M Add +0.2%
ADP Automatic Data Processing 1.31% 23,421 $5.2M Add +0.3%
DUK Duke Energy Corp. 1.29% 40,921 $5.2M Add +0.5%
LOW Lowe's Cos Inc. 1.23% 22,434 $4.9M Reduce -0.7%
KO The Coca-Cola Co. 1.23% 60,500 $4.9M Reduce -0.2%
AMD Advanced Micro Devices 1.14% 7,834 $4.6M No change
BRK.B Berkshire Hathaway Inc. Class B 1.12% 8,970 $4.5M Reduce -0.3%
HD Home Depot Inc. 1.11% 12,656 $4.5M No change
PG The Procter & Gamble Co. 1.01% 27,549 $4.0M Add +0.2%
LMT Lockheed Martin Corp. 0.95% 7,478 $3.8M Add +0.7%
CSCO Cisco Systems Inc. 0.95% 32,251 $3.8M No change
ORCL Oracle Corp. 0.88% 23,943 $3.5M Reduce -0.2%
DE Deere & Co. 0.81% 5,114 $3.2M Reduce -0.5%
QCOM Qualcomm Inc. 0.79% 17,238 $3.2M Reduce -0.6%
GEV GE Vernova Inc. 0.79% 2,678 $3.1M No change
ABBV Abbvie Inc. 0.76% 12,050 $3.0M Reduce -0.2%
PEP Pepsico Inc. 0.73% 21,568 $2.9M Add +0.9%
LRCX Lam Research Corp. 0.73% 6,730 $2.9M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.71% 10,161 $2.9M No change
GOOG Alphabet Inc. Class C 0.68% 7,760 $2.7M No change
RTX RTX Corp. 0.68% 14,264 $2.7M Reduce -0.2%
JPM JPMorgan Chase & Co. 0.67% 8,232 $2.7M No change
MMM 3M Co. 0.59% 14,663 $2.4M Reduce -0.8%
ETN Eaton Corp. PLC 0.54% 5,106 $2.2M Reduce -0.5%
EQIX Equinix Inc. 0.51% 1,971 $2.1M No change
AMAT Applied Materials Inc. 0.51% 2,810 $2.0M Reduce -1.3%
TXN Texas Instruments Inc. 0.49% 6,599 $2.0M No change
FDX FedEx Corp. 0.48% 6,144 $1.9M No change
NVS Novartis AG-Sponsored ADR 0.48% 12,234 $1.9M Reduce -0.4%
HSY The Hershey Co. 0.45% 10,254 $1.8M Add +1.4%
ITW Illinois Tool Works 0.44% 6,452 $1.7M No change
TFC Truist Financial Corp. 0.42% 34,065 $1.7M Reduce -0.3%
SBUX Starbucks Corp. 0.41% 16,106 $1.6M No change
UNP Union Pacific Corp. 0.38% 5,619 $1.5M Reduce -1.3%
PM Philip Morris International 0.37% 8,171 $1.5M No change
NUE Nucor Corp. 0.37% 6,575 $1.5M No change
MRK Merck & Co. Inc. 0.35% 10,970 $1.4M Reduce -0.5%
AXP American Express Co. 0.33% 3,965 $1.3M No change
MAR Marriott International Class A 0.33% 3,550 $1.3M No change
BAC Bank of America Corp. 0.33% 22,994 $1.3M No change
PANW Palo Alto Networks Inc. 0.31% 3,646 $1.2M Add +60.5%
TGT Target Corp. 0.30% 9,079 $1.2M Reduce -1.1%
VGT Vanguard Info Tech ETF 0.27% 9,077 $1.1M No change
FCNCA First Citizens Bcshs Class A 0.26% 510 $1.1M No change
BA The Boeing Co. 0.25% 4,565 $988K No change
TSLA Tesla Inc. 0.24% 2,241 $943K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.22% 7,822 $889K No change
UBER Uber Technologies Inc. 0.21% 11,832 $854K Add +0.5%
TM Toyota Motor Corp. -Spon ADR 0.20% 4,722 $795K Reduce -0.5%
BMY Bristol-Myers Squibb Co. 0.20% 13,692 $789K Reduce -1.1%
AFL Aflac Inc. 0.19% 6,586 $772K No change
BRK.A Berkshire Hathaway Inc. Class A 0.19% 1 $749K No change
SYK Stryker Corp. 0.19% 2,371 $746K No change
SHW The Sherwin-Williams Co. 0.18% 2,090 $720K No change
NFLX Netflix Inc. 0.17% 9,420 $673K Reduce -2.6%
EMR Emerson Electric Co. 0.16% 4,609 $660K No change
APA Apa Corp. 0.16% 20,000 $651K No change
PLTR Palantir Technologies Inc. Class A 0.16% 5,404 $630K Add +0.0%
NKE Nike Inc. Class B 0.14% 13,677 $561K Reduce -0.9%
GE General Electric filed as GE AEROSPACE 0.14% 1,476 $552K No change
VZ Verizon Communications Inc. 0.13% 12,688 $537K Reduce -0.8%
UL Unilever PLC 0.13% 8,444 $508K No change
ABT Abbott Laboratories 0.12% 5,240 $475K No change
DAL Delta Air Lines Inc. 0.12% 5,000 $468K No change
FDXF FedEx Freight Holding Co. 0.12% 3,068 $463K Reduce -0.1%
GNRC Generac Holdings Inc. 0.11% 1,500 $439K No change
NOC Northrop Grumman Corp. 0.10% 815 $415K Reduce -3.0%
GLW Corning Inc. 0.09% 1,442 $368K New
PAYX Paychex Inc. 0.09% 3,702 $364K No change
CMG Chipotle Mexican Grill Inc. 0.09% 10,150 $345K Reduce -9.8%
LH Labcorp Holdings Inc. 0.08% 1,202 $337K No change
CHD Church & Dwight Co. Inc. 0.08% 3,453 $335K No change
PFE Pfizer Inc. 0.08% 13,923 $335K Add +0.0%
COP Conocophillips 0.08% 3,207 $333K No change
XOM Exxon Mobil Corp. 0.08% 2,297 $314K No change
XLE SS Energy Select Sector 0.08% 5,882 $312K Reduce -4.8%
NSC Norfolk Southern Corp. 0.08% 975 $307K No change
VEEV Veeva Systems Inc. Class A 0.08% 1,710 $303K Reduce -9.5%
RY Royal Bank of Canada 0.07% 1,379 $285K No change
PKG Packaging Corp. of America 0.07% 1,150 $274K No change
SCHW Schwab (charles) Corp. 0.07% 2,950 $272K Reduce -3.3%
SO The Southern Co. 0.07% 2,802 $268K No change
MKC McCormick & Co.-Non VTG SHRS 0.07% 5,226 $263K Add +0.0%
REGN Regeneron Pharmaceuticals 0.06% 400 $249K No change
TTC Toro Co. 0.06% 2,540 $247K No change
CLX Clorox Company 0.06% 2,446 $233K Reduce -8.6%
RBC RBC Bearings Inc. 0.06% 350 $225K New
TEL Te Connectivity PLC 0.05% 1,027 $207K Reduce -6.8%

Portfolio Sells Q1 2026 → Q2 2026
NVDA Nvidia Corp. Reduce -23.2% 5.23% −1.28
WMT Walmart Inc. Reduce -0.2% 4.45% −0.92
CVX Chevron Corp. Reduce -2.0% 1.59% −0.63
COST Costco Wholesale Corp. Reduce -1.0% 1.62% −0.29
LOW Lowe's Cos Inc. Reduce -0.7% 1.23% −0.23
META Meta Platforms Inc. Class A Reduce -0.3% 1.86% −0.22
MA Mastercard Inc. Class A Reduce -0.1% 2.31% −0.16
AMGN Amgen Inc. Reduce -0.4% 1.53% −0.11
ORCL Oracle Corp. Reduce -0.2% 0.88% −0.09
JNJ Johnson & Johnson Reduce -0.3% 1.51% −0.09
NFLX Netflix Inc. Reduce -2.6% 0.17% −0.09
RTX RTX Corp. Reduce -0.2% 0.68% −0.08
TM Toyota Motor Corp. -Spon ADR Reduce -0.5% 0.20% −0.07
HON Honeywell International Inc. Sold out 0.00% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 1.12% −0.06
NKE Nike Inc. Class B Reduce -0.9% 0.14% −0.06
NOC Northrop Grumman Corp. Reduce -3.0% 0.10% −0.05
VZ Verizon Communications Inc. Reduce -0.8% 0.13% −0.04
KO The Coca-Cola Co. Reduce -0.2% 1.23% −0.04
NVS Novartis AG-Sponsored ADR Reduce -0.4% 0.48% −0.04
BMY Bristol-Myers Squibb Co. Reduce -1.1% 0.20% −0.03
XLE SS Energy Select Sector Reduce -4.8% 0.08% −0.03
CLX Clorox Company Reduce -8.6% 0.06% −0.02
VEEV Veeva Systems Inc. Class A Reduce -9.5% 0.08% −0.02
CMG Chipotle Mexican Grill Inc. Reduce -9.8% 0.09% −0.01
PH Parker Hannifin Corp. Reduce -0.4% 1.42% −0.01
FDXF FedEx Freight Holding Co. Reduce -0.1% 0.12% −0.01
TEL Te Connectivity PLC Reduce -6.8% 0.05% −0.01
MRK Merck & Co. Inc. Reduce -0.5% 0.35% −0.01
SCHW Schwab (charles) Corp. Reduce -3.3% 0.07% −0.01
TGT Target Corp. Reduce -1.1% 0.30% −0.01
TFC Truist Financial Corp. Reduce -0.3% 0.42% −0.01
UNP Union Pacific Corp. Reduce -1.3% 0.38% +0.00
MMM 3M Co. Reduce -0.8% 0.59% +0.00
DE Deere & Co. Reduce -0.5% 0.81% +0.02
ABBV Abbvie Inc. Reduce -0.2% 0.76% +0.04
ETN Eaton Corp. PLC Reduce -0.5% 0.54% +0.04
AVGO Broadcom Inc. Reduce -1.0% 1.46% +0.13
QCOM Qualcomm Inc. Reduce -0.6% 0.79% +0.18
AMAT Applied Materials Inc. Reduce -1.3% 0.51% +0.24
CMI Cummins Inc. Reduce -0.4% 2.19% +0.37
AAPL Apple Inc. Reduce -0.8% 14.77% +0.45
GOOGL Alphabet Inc. Class A Reduce -0.3% 6.82% +0.78
CAT Caterpillar Inc. Reduce -0.6% 5.06% +1.34

Portfolio Buys Q1 2026 → Q2 2026
AMZN Amazon.com Inc. Add +2.7% 6.03% +0.40
LLY Eli Lilly & Co. Add +4.5% 1.55% +0.30
PANW Palo Alto Networks Inc. Add +60.5% 0.31% +0.21
GLW Corning Inc. New 0.09% +0.09
RBC RBC Bearings Inc. New 0.06% +0.06
V Visa Inc. Class A Add +0.5% 1.43% +0.05
ADP Automatic Data Processing Add +0.3% 1.31% +0.01
MKC McCormick & Co.-Non VTG SHRS Add +0.0% 0.07% −0.01
UBER Uber Technologies Inc. Add +0.5% 0.21% −0.02
PFE Pfizer Inc. Add +0.0% 0.08% −0.02
PLTR Palantir Technologies Inc. Class A Add +0.0% 0.16% −0.06
PG The Procter & Gamble Co. Add +0.2% 1.01% −0.08
HSY The Hershey Co. Add +1.4% 0.45% −0.13
DUK Duke Energy Corp. Add +0.5% 1.29% −0.17
PEP Pepsico Inc. Add +0.9% 0.73% −0.18
LMT Lockheed Martin Corp. Add +0.7% 0.95% −0.28
MSFT Microsoft Corp. Add +0.6% 3.97% −0.33
MCD McDonald's Corp. Add +0.2% 1.38% −0.36

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