Professional Advisory Services Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Professional Advisory Services Inc. reported 81 stock positions worth $842.9 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 8.9% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Alphabet Class C (GOOG, 4.4%). Compared with Q2 2025, it opened 9 new positions, sold out of 12, added to 16 and reduced 28. The biggest buy was a new position in Jacobs Solutions (J) and the biggest sale an exit from United Parcel Service Class B (UPS).

Most Recent 13F
Q2 2026
Location
VERO BEACH, FL
CIK
0000894205
Portfolio Value
$842.9M (Q3 2025)
SEC Filing
0000894205-25-000014 ↗ filed Oct 29, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $799.7M Q1 2024 Q2 2024: $792.9M Q2 2024 Q3 2024: $830.1M Q3 2024 Q4 2024: $791.7M Q4 2024 Q1 2025: $793.0M Q1 2025 Q2 2025: $809.3M Q2 2025 Q3 2025: $842.9M $842.9M Q3 2025 Q4 2025: $846.4M Q4 2025 Q1 2026: $795.5M Q1 2026 Q2 2026: $909.8M Q2 2026

Holdings 81 stocks · $842.9M
BRK.A Berkshire Hathaway Inc. Class A 8.95% 100 $75.4M No change
MSFT Microsoft Corp. 4.80% 78,154 $40.5M Reduce -1.0%
GOOG Alphabet Inc. Class C 4.36% 150,859 $36.7M Reduce -15.7%
AMZN Amazon.com Inc. 3.74% 143,662 $31.5M Reduce -0.9%
EMXC iShares MSCI Emr MRK Ex Chna 3.49% 436,024 $29.4M Add +23.7%
TMO Thermo Fisher Scientific Inc. 3.42% 59,511 $28.9M Add +64.7%
PEP Pepsico Inc. 3.10% 185,931 $26.1M Reduce -0.2%
J Jacobs Solutions Inc. 3.05% 171,311 $25.7M New
AZN Astrazeneca PLC-Spons ADR 2.99% 328,642 $25.2M Add +0.5%
ELV Elevance Health Inc. 2.93% 76,354 $24.7M Add +1.6%
GD General Dynamics Corp. 2.80% 69,264 $23.6M Reduce -6.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.75% 160,574 $23.2M Reduce -2.0%
BRK.B Berkshire Hathaway Inc. Class B 2.72% 45,595 $22.9M Reduce -17.9%
SYY Sysco Corp. 2.70% 276,310 $22.8M Reduce -1.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 2.57% 69,909 $21.7M Add +8.2%
AMD Advanced Micro Devices 2.55% 132,940 $21.5M Reduce -2.3%
IJH iShares Core S&P Midcap ETF 2.52% 325,972 $21.3M Add +0.0%
V Visa Inc. Class A 2.52% 62,280 $21.3M Add +14.7%
BKNG Booking Holdings Inc. 2.50% 3,902 $21.1M Reduce -0.9%
SYK Stryker Corp. 2.49% 56,745 $21.0M Add +2.9%
USB US Bancorp 2.44% 425,612 $20.6M Reduce -1.6%
TFC Truist Financial Corp. 2.37% 436,633 $20.0M Reduce -5.6%
FISV Fiserv Inc. 2.34% 152,741 $19.7M Reduce -8.7%
AAPL Apple Inc. 2.20% 72,769 $18.5M Reduce -3.9%
FBIN Fortune Brands Innovations I 2.13% 336,315 $18.0M Reduce -8.5%
ADI Analog Devices Inc. 2.12% 72,852 $17.9M Add +17.4%
CARR Carrier Global Corp. 2.02% 285,776 $17.1M Add +0.5%
ORCL Oracle Corp. 1.88% 56,334 $15.8M Reduce -53.3%
ADBE Adobe Inc. 1.66% 39,667 $14.0M New
ACN Accenture PLC Class A 1.52% 51,932 $12.8M Reduce -20.3%
SPGI S&P Global Inc. 1.50% 26,041 $12.7M Reduce -4.7%
T AT&T Inc. 1.31% 392,170 $11.1M Reduce -48.3%
TMUS T-Mobile US Inc. 1.25% 43,867 $10.5M New
LRCX Lam Research Corp. 1.16% 72,810 $9.7M Reduce -16.1%
AMAT Applied Materials Inc. 0.96% 39,574 $8.1M Reduce -3.2%
ASML ASML Holding NV-NY Reg SHS 0.91% 7,904 $7.7M Reduce -17.2%
VCSH Vanguard S/T Corp. Bond ETF 0.84% 88,283 $7.1M New
VTI VG Morningstar TS MKT ETF-US 0.44% 11,260 $3.7M No change
JNJ Johnson & Johnson 0.41% 18,486 $3.4M Reduce -0.3%
SHV iShares 0-1 Year Treasury Bo 0.35% 26,580 $2.9M New
GOOGL Alphabet Inc. Class A 0.31% 10,771 $2.6M Add +0.6%
VOO Vanguard S&P 500 ETF 0.23% 3,150 $1.9M Add +0.5%
PG The Procter & Gamble Co. 0.21% 11,493 $1.8M No change
NVDA Nvidia Corp. 0.18% 8,270 $1.5M Reduce -1.2%
VBIL Vanguard 0-3M T-Bill ETF 0.18% 20,000 $1.5M New
RSP Invesco S&P 500 Equal Weight 0.16% 6,960 $1.3M Add +7.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 1,896 $1.3M Reduce -8.1%
XOM Exxon Mobil Corp. 0.10% 7,758 $875K Add +0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 2,933 $828K No change
BA The Boeing Co. 0.09% 3,697 $798K No change
HD Home Depot Inc. 0.09% 1,822 $738K Add +1.2%
ABBV Abbvie Inc. 0.08% 3,000 $695K No change
MRK Merck & Co. Inc. 0.08% 7,972 $669K No change
CVX Chevron Corp. 0.08% 4,100 $637K No change
PFE Pfizer Inc. 0.07% 24,192 $616K Reduce -0.8%
LOW Lowe's Cos Inc. 0.07% 2,350 $591K No change
IAU iShares Gold Trust 0.06% 7,508 $546K New
IWF iShares Russell 1000 Growth 0.06% 1,158 $542K No change
CSCO Cisco Systems Inc. 0.06% 7,528 $515K No change
AXP American Express Co. 0.06% 1,500 $498K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 4,015 $460K Add +0.4%
CI The Cigna Group 0.05% 1,525 $440K No change
NEE Nextera Energy Inc. 0.05% 5,724 $432K No change
PAYX Paychex Inc. 0.05% 3,400 $431K No change
IWM iShares Russell 2000 ETF 0.05% 1,735 $420K No change
ABT Abbott Laboratories 0.05% 3,000 $402K No change
VNQ Vanguard Real Estate ETF 0.05% 4,336 $396K No change
VTWG Vanguard Russell 2000 Growth 0.05% 1,675 $392K No change
ICSH iShares Ultra Short Duration 0.04% 6,865 $348K New
CTBI Community Trust Bancorp Inc. 0.04% 6,207 $347K No change
NKE Nike Inc. Class B 0.04% 4,890 $341K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 6,242 $322K No change
MPC Marathon Petroleum Corp. 0.04% 1,584 $305K No change
ROK Rockwell Automation Inc. 0.04% 850 $297K No change
WMT Walmart Inc. 0.03% 2,850 $294K No change
VEEV Veeva Systems Inc. Class A 0.03% 900 $268K Reduce -10.0%
AME Ametek Inc. 0.03% 1,350 $254K No change
PM Philip Morris International 0.03% 1,500 $243K No change
IWN iShares Russell 2000 Value E 0.03% 1,232 $218K New
AZO AutoZone Inc. 0.03% 50 $215K Reduce -50.0%
ONCY Oncolytics Biotech Inc. 0.00% 20,000 $28K No change

Portfolio Sells Q2 2025 → Q3 2025
UPS United Parcel Service Class B Sold out 0.00% −2.56
T AT&T Inc. Reduce -48.3% 1.31% −1.40
ORCL Oracle Corp. Reduce -53.3% 1.88% −1.38
FISV Fiserv Inc. Reduce -8.7% 2.34% −1.23
DHR Danaher Corp. Sold out 0.00% −1.12
ACN Accenture PLC Class A Reduce -20.3% 1.52% −0.89
BRK.B Berkshire Hathaway Inc. Class B Reduce -17.9% 2.72% −0.62
BKNG Booking Holdings Inc. Reduce -0.9% 2.50% −0.32
SPGI S&P Global Inc. Reduce -4.7% 1.50% −0.28
FBIN Fortune Brands Innovations I Reduce -8.5% 2.13% −0.21
AMZN Amazon.com Inc. Reduce -0.9% 3.74% −0.19
VFIAX Vanguard 500 Index-Adm Sold out 0.00% −0.14
TFC Truist Financial Corp. Reduce -5.6% 2.37% −0.09
VTSAX VNGD Mrngst TS MK Idx FD-Adm Sold out 0.00% −0.07
MSFT Microsoft Corp. Reduce -1.0% 4.80% −0.05
ASML ASML Holding NV-NY Reg SHS Reduce -17.2% 0.91% −0.04
VEXAX Vanguard Ext MKT Indx-Adm Sold out 0.00% −0.04
FDIVX Fidelity Diversified Intl Sold out 0.00% −0.03
CSW CSW Industrials Inc. Sold out 0.00% −0.03
PRIDX T Rowe Price Intl Disc-Inv Sold out 0.00% −0.03
AZO AutoZone Inc. Reduce -50.0% 0.03% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -8.1% 0.15% −0.01
VEEV Veeva Systems Inc. Class A Reduce -10.0% 0.03% −0.00
SIGHTLOGIX Sold out 0.00% −0.00
IZOZF Izotropic Corp. Sold out 0.00% −0.00
NKLAQ Nikola Corp. Sold out 0.00% −0.00
NESS Ness Energy Intl Inc. Sold out 0.00% 0.00
PFE Pfizer Inc. Reduce -0.8% 0.07% +0.00
NVDA Nvidia Corp. Reduce -1.2% 0.18% +0.02
USB US Bancorp Reduce -1.6% 2.44% +0.02
AMAT Applied Materials Inc. Reduce -3.2% 0.96% +0.04
JNJ Johnson & Johnson Reduce -0.3% 0.41% +0.06
PEP Pepsico Inc. Reduce -0.2% 3.10% +0.06
SYY Sysco Corp. Reduce -1.3% 2.70% +0.08
LRCX Lam Research Corp. Reduce -16.1% 1.16% +0.11
GD General Dynamics Corp. Reduce -6.1% 2.80% +0.14
AMD Advanced Micro Devices Reduce -2.3% 2.55% +0.17
TJX TJX Companies Inc. Reduce -2.0% 2.75% +0.25
AAPL Apple Inc. Reduce -3.9% 2.20% +0.28
GOOG Alphabet Inc. Class C Reduce -15.7% 4.36% +0.44

Portfolio Buys Q2 2025 → Q3 2025
J Jacobs Solutions Inc. New 3.05% +3.05
ADBE Adobe Inc. New 1.66% +1.66
TMO Thermo Fisher Scientific Inc. Add +64.7% 3.42% +1.61
TMUS T-Mobile US Inc. New 1.25% +1.25
VCSH Vanguard S/T Corp. Bond ETF New 0.84% +0.84
EMXC iShares MSCI Emr MRK Ex Chna Add +23.7% 3.49% +0.74
SHV iShares 0-1 Year Treasury Bo New 0.35% +0.35
ADI Analog Devices Inc. Add +17.4% 2.12% +0.30
VBIL Vanguard 0-3M T-Bill ETF New 0.18% +0.18
AZN Astrazeneca PLC-Spons ADR Add +0.5% 2.99% +0.17
V Visa Inc. Class A Add +14.7% 2.52% +0.14
GOOGL Alphabet Inc. Class A Add +0.6% 0.31% +0.08
IAU iShares Gold Trust New 0.06% +0.06
ICSH iShares Ultra Short Duration New 0.04% +0.04
IWN iShares Russell 2000 Value E New 0.03% +0.03
IJH iShares Core S&P Midcap ETF Add +0.0% 2.52% +0.03
AJG Arthur J Gallagher & Co. Add +8.2% 2.57% +0.01
RSP Invesco S&P 500 Equal Weight Add +7.0% 0.16% +0.01
VOO Vanguard S&P 500 ETF Add +0.5% 0.23% +0.01
HD Home Depot Inc. Add +1.2% 0.09% +0.01
XOM Exxon Mobil Corp. Add +0.8% 0.10% +0.00
DIS The Walt Disney Co. Add +0.4% 0.05% −0.01
SYK Stryker Corp. Add +2.9% 2.49% −0.21
CARR Carrier Global Corp. Add +0.5% 2.02% −0.55
ELV Elevance Health Inc. Add +1.6% 2.93% −0.69

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 93$909.8MBRK.A, GOOG, MSFT, AMZN, TMO
Q1 2026 80$795.5MBRK.A, GOOG, MSFT, EMXC, AMZN
Q4 2025 80$846.4MBRK.A, GOOG, MSFT, AMZN, EMXC
Q3 2025 81$842.9MBRK.A, MSFT, GOOG, AMZN, EMXC
Q2 2025 84$809.3MBRK.A, MSFT, AMZN, GOOG, ELV
Q1 2025 83$793.0MBRK.A, MSFT, ELV, BKNG, BRK.B
Q4 2024 78$791.7MBRK.A, MSFT, GOOG, BKNG, TMO
Q3 2024 81$830.1MBRK.A, MSFT, GOOG, BKNG, FISV
Q2 2024 78$792.9MBRK.A, MSFT, GOOG, BKNG, FISV
Q1 2024 77$799.7MBRK.A, MSFT, GOOG, FISV, BKNG