Q2 2026 13F · SEC CIK 1665518

Physicians Financial Services, Inc.

Wealth managerFiled 2026-07-21 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $400.7M
Reported positions: 106
Top holdings a year, 3 yrs: +22.5%
Assets under management: $482.3M

Physicians Financial Services, Inc. is a wealth manager that reported 106 positions worth $400.7M in its Q2 2026 13F, filed 2026-07-21. Its largest holdings were Apple Inc (AAPL, 14.8%), Alphabet Inc (GOOGL, 6.8%), Amazon Com Inc (AMZN, 6.0%). A portfolio copying its top holdings returned 22.5% a year over the last 3 years, against 22.3% for the S&P 500.

Physicians Financial Services, Inc. holdings largest 50 of 106 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Physicians Financial Services, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AAPLApple Inc	14.8%	14.3%	204,571	-0.8%	$59.2M
GOOGLAlphabet Inc	6.8%	6.0%	76,506	-0.3%	$27.3M
AMZNAmazon Com Inc	6.0%	5.6%	101,352	+2.7%	$24.2M
NVDANvidia Corporation	5.2%	6.5%	104,675	-23.2%	$20.9M
CATCaterpillar Inc	5.1%	3.7%	19,039	-0.6%	$20.3M
WMTWalmart Inc	4.5%	5.4%	157,447	-0.2%	$17.8M
MSFTMicrosoft Corp	4.0%	4.3%	42,602	+0.6%	$15.9M
MAMastercard Incorporated	2.3%	2.5%	18,038	-0.1%	$9.3M
CMICummins Inc	2.2%	1.8%	12,287	-0.4%	$8.8M
METAMeta Platforms Inc	1.9%	2.1%	13,211	-0.3%	$7.4M
COSTCostco Wholesale Corporation	1.6%	1.9%	6,943	-1.0%	$6.5M
CVXChevron Corporation	1.6%	2.2%	38,443	-2.0%	$6.4M
LLYEli Lilly & Co	1.6%	1.3%	5,192	+4.5%	$6.2M
AMGNAmgen Inc	1.5%	1.6%	16,942	-0.4%	$6.1M
JNJJohnson & Johnson	1.5%	1.6%	23,841	-0.3%	$6.1M
AVGOBroadcom Inc	1.5%	1.3%	15,435	-1.0%	$5.8M
VVisa Inc	1.4%	1.4%	16,663	+0.5%	$5.7M
PHParker-Hannifin Corp	1.4%	1.4%	5,810	-0.4%	$5.7M
MCDMcdonalds Corp	1.4%	1.7%	20,476	+0.2%	$5.5M
ADPAutomatic Data Processing in	1.3%	1.3%	23,421	+0.3%	$5.2M
DUKDuke Energy Corp New	1.3%	1.5%	40,921	+0.5%	$5.2M
LOWLowes Cos Inc	1.2%	1.5%	22,434	-0.7%	$4.9M
KOCoca Cola Co	1.2%	1.3%	60,500	-0.2%	$4.9M
AMDAdvanced Micro Devices Inc	1.1%	0.4%	7,834	+0.0%	$4.6M
BRK-BBerkshire Hathaway Inc Del	1.1%	1.2%	8,970	-0.3%	$4.5M
HDHome Depot Inc	1.1%	1.1%	12,656	+0.0%	$4.5M
PGProcter & Gamble Co	1.0%	1.1%	27,549	+0.2%	$4.0M
LMTLockheed Martin Corp	1.0%	1.2%	7,478	+0.7%	$3.8M
CSCOCisco Sys Inc	0.9%	0.7%	32,251	+0.0%	$3.8M
ORCLOracle Corp	0.9%	1.0%	23,943	-0.2%	$3.5M
DEDeere & Co	0.8%	0.8%	5,114	-0.5%	$3.2M
QCOMQualcomm Inc	0.8%	0.6%	17,238	-0.6%	$3.2M
GEVGe Vernova Inc	0.8%	0.6%	2,678	+0.0%	$3.1M
ABBVAbbvie Inc	0.8%	0.7%	12,050	-0.2%	$3.0M
PEPPepsico Inc	0.7%	0.9%	21,568	+0.9%	$2.9M
LRCXLam Research Corp	0.7%	0.4%	6,730	+0.0%	$2.9M
IBMInternational Business Machs	0.7%	0.7%	10,161	+0.0%	$2.9M
GOOGAlphabet Inc	0.7%	0.6%	7,760	+0.0%	$2.7M
RTXRtx Corporation	0.7%	0.8%	14,264	-0.2%	$2.7M
JPMJpmorgan Chase & Co	0.7%	0.7%	8,232	+0.0%	$2.7M
MMM3m Co	0.6%	0.6%	14,663	-0.8%	$2.4M
ETNEaton Corp PLC	0.5%	0.5%	5,106	-0.5%	$2.2M
EQIXEquinix Inc	0.5%	0.5%	1,971	+0.0%	$2.1M
AMATApplied Matls Inc	0.5%	—	2,810	—	$2.0M
TXNTexas Instrs Inc	0.5%	—	6,599	—	$2.0M
FDXFedex Corp	0.5%	0.6%	6,144	+0.0%	$1.9M
NVSNovartis AG	0.5%	0.5%	12,234	-0.4%	$1.9M
HSYHershey Co	0.4%	0.6%	10,254	+1.4%	$1.8M
ITWIllinois Tool Wks Inc	0.4%	0.5%	6,452	+0.0%	$1.7M
TFCTruist Finl Corp	0.4%	0.4%	34,065	-0.3%	$1.7M

What Physicians Financial Services, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

No position grew by more than 5%.

Reduced

NVDA Nvidia Corporation-23.2% shares

Left the top 50

SBUX Starbucks Corpwas 0.4%
UNP Union Pac Corpwas 0.4%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +10.8% /yr; S&P 500 +11.7%
3 years: +22.5% /yr; S&P 500 +22.3%
5 years: +12.7% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$400.7M	106
Q1 2026	$365.2M	104
Q4 2025	$372.7M	107
Q3 2025	$366.3M	108
Q2 2025	$335.7M	107
Q1 2025	$314.5M	107
Q4 2024	$329.4M	105
Q3 2024	$321.6M	107
Q2 2024	$307.5M	108
Q1 2024	$284.0M	103
Q4 2023	$263.9M	103
Q3 2023	$244.4M	105

Questions about Physicians Financial Services, Inc.'s portfolio

What stocks does Physicians Financial Services, Inc. own?

Physicians Financial Services, Inc.'s latest 13F, for Q2 2026 and filed Jul 21, 2026, lists 106 positions worth $400.7M. The largest are Apple Inc (AAPL) at 14.8%, Alphabet Inc (GOOGL) at 6.8%, Amazon Com Inc (AMZN) at 6.0%, Nvidia Corporation (NVDA) at 5.2% and Caterpillar Inc (CAT) at 5.1%.

What did Physicians Financial Services, Inc. buy last quarter?

Physicians Financial Services, Inc. opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.

What did Physicians Financial Services, Inc. sell last quarter?

In Q2 2026, Physicians Financial Services, Inc. cut from its top 50 Starbucks Corp (SBUX), cut from its top 50 Union Pac Corp (UNP) and Nvidia Corporation (NVDA) (-23.2% shares), compared with its Q1 2026 filing.

How has Physicians Financial Services, Inc.'s portfolio performed?

A portfolio copying Physicians Financial Services, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.5% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +10.8% against +11.7%. Over 5 years: +12.7% a year against +10.6%.

When is Physicians Financial Services, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Physicians Financial Services, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Physicians Financial Services, Inc. manage?

Physicians Financial Services, Inc. reported $482.3M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $400.7M.