# PHYSICIANS FINANCIAL SERVICES, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1665518. Source: https://holderbook.com/funds/1665518-physicians-financial-services-inc/

- Reported value: $400.7M
- Positions: 106
- Weight of the ten largest: 52.7%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $59.2M | 204,571 | 14.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $27.3M | 76,506 | 6.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $24.2M | 101,352 | 6.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $20.9M | 104,675 | 5.2% | 30 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $20.3M | 19,039 | 5.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $17.8M | 157,447 | 4.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.9M | 42,602 | 4.0% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $9.3M | 18,038 | 2.3% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $8.8M | 12,287 | 2.2% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $7.4M | 13,211 | 1.9% | 12 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $6.5M | 6,943 | 1.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $6.4M | 38,443 | 1.6% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.2M | 5,192 | 1.6% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.1M | 16,942 | 1.5% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.1M | 23,841 | 1.5% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.8M | 15,435 | 1.5% | 22 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.7M | 16,663 | 1.4% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $5.7M | 5,810 | 1.4% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.5M | 20,476 | 1.4% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $5.2M | 23,421 | 1.3% | 5 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $5.2M | 40,921 | 1.3% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $4.9M | 22,434 | 1.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.9M | 60,500 | 1.2% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.6M | 7,834 | 1.1% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.5M | 8,970 | 1.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.5M | 12,656 | 1.1% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.0M | 27,549 | 1.0% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $3.8M | 7,478 | 1.0% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.8M | 32,251 | 0.9% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.5M | 23,943 | 0.9% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.2M | 5,114 | 0.8% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.2M | 17,238 | 0.8% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.1M | 2,678 | 0.8% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.0M | 12,050 | 0.8% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.9M | 21,568 | 0.7% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.9M | 6,730 | 0.7% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.9M | 10,161 | 0.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.7M | 7,760 | 0.7% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.7M | 14,264 | 0.7% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.7M | 8,232 | 0.7% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.4M | 14,663 | 0.6% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.2M | 5,106 | 0.5% | 8 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $2.1M | 1,971 | 0.5% | 27 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.0M | 2,810 | 0.5% | 23 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.0M | 6,599 | 0.5% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.9M | 6,144 | 0.5% | 31 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $1.9M | 12,234 | 0.5% | 31 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $1.8M | 10,254 | 0.4% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.7M | 6,452 | 0.4% | 31 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $1.7M | 34,065 | 0.4% | 27 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.6M | 16,106 | 0.4% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.5M | 5,619 | 0.4% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.5M | 8,171 | 0.4% | 31 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $1.5M | 6,575 | 0.4% | 22 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.4M | 10,970 | 0.4% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.3M | 3,965 | 0.3% | 24 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.3M | 3,550 | 0.3% | 22 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.3M | 22,994 | 0.3% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.2M | 3,646 | 0.3% | 9 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $1.2M | 9,079 | 0.3% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.1M | 9,077 | 0.3% | 30 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $1.1M | 510 | 0.3% | 22 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $988.0K | 4,565 | 0.2% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $943.0K | 2,241 | 0.2% | 25 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $889.0K | 7,822 | 0.2% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $854.0K | 11,832 | 0.2% | 6 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $795.0K | 4,722 | 0.2% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $789.0K | 13,692 | 0.2% | 31 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $772.0K | 6,586 | 0.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $749.0K | 1 | 0.2% | 6 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $746.0K | 2,371 | 0.2% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $720.0K | 2,090 | 0.2% | 29 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $673.0K | 9,420 | 0.2% | 6 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $660.0K | 4,609 | 0.2% | 31 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $651.0K | 20,000 | 0.2% | 9 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $630.0K | 5,404 | 0.2% | 7 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $561.0K | 13,677 | 0.1% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $552.0K | 1,476 | 0.1% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $537.0K | 12,688 | 0.1% | 31 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $508.0K | 8,444 | 0.1% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $475.0K | 5,240 | 0.1% | 31 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $468.0K | 5,000 | 0.1% | 9 |
| FEDEX FGHT HLDG CO INC | - | $463.0K | 3,068 | 0.1% | 1 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $439.0K | 1,500 | 0.1% | 5 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $415.0K | 815 | 0.1% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $368.0K | 1,442 | 0.1% | 1 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $364.0K | 3,702 | 0.1% | 31 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $345.0K | 10,150 | 0.1% | 8 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $337.0K | 1,202 | 0.1% | 7 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $335.0K | 3,453 | 0.1% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $335.0K | 13,923 | 0.1% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $333.0K | 3,207 | 0.1% | 18 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $314.0K | 2,297 | 0.1% | 9 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $312.0K | 5,882 | 0.1% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $307.0K | 975 | 0.1% | 5 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $303.0K | 1,710 | 0.1% | 8 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $285.0K | 1,379 | 0.1% | 4 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $274.0K | 1,150 | 0.1% | 9 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $272.0K | 2,950 | 0.1% | 6 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $268.0K | 2,802 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +14.8% | -3.6% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | +3.7% | +2.4% | +1.4% | 100% |
| Q3 2025 | +9.6% | +7.8% | +1.7% | 100% |
| Q2 2025 | +7.8% | +10.5% | -2.7% | 98% |
| Q1 2025 | -5.4% | -4.6% | -0.9% | 100% |
| Q4 2024 | +2.1% | +2.1% | -0.0% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 100% |

## Quarter by quarter

| Quarter | 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 |