SEC 13F Intelligence

Managers / Q1 2026

PHYSICIANS FINANCIAL SERVICES, INC.

CIK 0001665518 · PO BOX 10973, RALEIGH, NC, 27605 · 9198632355

Reported Value
$365M
Q1 2026
Positions
104
Filings on Record
30
2019–present window
Filed
Apr 15, 2026
original filing

Summary

Physicians Financial Services, Inc. reported $365M in U.S.-listed holdings across 104 positions for Q1 2026.

Its largest position, AAPL, represents 14.3% of the portfolio.

Compared with Q4 2025, the fund opened 3 new positions and exited 6.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+53.3%
share of reported value
Largest Position
+14.3%
Apple Computer
New / Exited
3 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $161MQ1 ’19Q2 ’19: $170MQ3 ’19: $175MQ4 ’19: $185MQ1 ’20: $145MQ1 ’20Q2 ’20: $181MQ3 ’20: $200MQ4 ’20: $207MQ1 ’21: $233MQ1 ’21Q2 ’21: $244MQ3 ’21: $247MQ4 ’21: $270MQ1 ’22: $262MQ1 ’22Q2 ’22: $225MQ3 ’22: $207MQ4 ’22: $222MQ1 ’23: $237MQ1 ’23Q2 ’23: $255MQ3 ’23: $244MQ4 ’23: $264MQ1 ’24: $284MQ1 ’24Q2 ’24: $307MQ3 ’24: $322MQ4 ’24: $329MQ1 ’25: $314MQ1 ’25Q2 ’25: $336MQ3 ’25: $366MQ4 ’25: $373MQ1 ’26: $365MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 98.2%ADR: 0.8%REIT: 0.5%ETP: 0.3%Other: 0.1%
  • Common Stock · 98.2% · $359M
  • ADR · 0.8% · $3M
  • REIT · 0.5% · $2M
  • ETP · 0.3% · $1M
  • Other · 0.1% · $481,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SOSouthern CoNEW+2.8K2.8K+$270,000$270,000
TTCToro CoNEW+2.5K2.5K+$237,000$237,000
HONHoneywellNEW+1.0K1.0K+$232,000$232,000
SBUXStarbucks Corp.ADDED+8.5K16.1K+$801,000$1M
ADBEAdobe Systems Inc.SOLD OUT−7.2K0−$3M$0
INTUINTUITSOLD OUT−3810−$252,000$0
BDXBecton DickinsonSOLD OUT−1.3K0−$243,000$0
CHKPCHECK POINT SOFTWARE TECH LTSOLD OUT−1.3K0−$239,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

103 positions (from 104 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Computerhistory →COM14.33%$52M206.2K
2GOOGLAlphabet Cl ACAP STK CL A · CAP STK CL C6.65%$24M84.5K
3NVDANvidia Corp.history →COM6.51%$24M136.2K
4AMZNAmazon.comhistory →COM5.63%$21M98.7K
5WMTWal-Mart Stores Inc.history →COM5.37%$20M157.8K
6MSFTMicrosofthistory →COM4.29%$16M42.4K
7CATCaterpillarhistory →COM3.72%$14M19.2K
8MAMastercard Inc Cl Ahistory →CL A2.47%$9M18.1K
9CVXChevron Corp.history →COM2.22%$8M39.2K
10METAMeta Platforms Ahistory →CL A2.08%$8M13.3K
11COSTCostco Wholesalehistory →COM1.91%$7M7.0K
12CMICummins Inc.history →COM1.82%$7M12.3K
13MCDMcDonaldshistory →COM1.74%$6M20.4K
14AMGNAmgenhistory →COM1.64%$6M17.0K
15JNJJohnson & Johnsonhistory →COM1.60%$6M23.9K
16LOWLoweshistory →COM1.46%$5M22.6K
17DUKDuke Energy Corp Newhistory →COM NEW1.46%$5M40.7K
18PHParker Hannifinhistory →COM1.43%$5M5.8K
19VVisa Inchistory →COM CL A1.37%$5M16.6K
20AVGOBroadcom, Inc.history →COM1.32%$5M15.6K
21ADPAuto Data Processinghistory →COM1.30%$5M23.4K
22KOCoca-Colahistory →COM1.26%$5M60.6K
23LLYEli Lillyhistory →COM1.25%$5M5.0K
24LMTLockheed Martin Corp.history →COM1.23%$4M7.4K
25BRK/BBerkshire Hathaway Inc-Bhistory →CL B NEW1.18%$4M9.0K
26HDHome Depot Inc.history →COM1.14%$4M12.7K
27PGProcter & Gamblehistory →COM1.09%$4M27.5K
28ORCLOracle SystemsCOM0.97%$4M24.0K
29PEPPepsi CoCOM0.91%$3M21.4K
30DEDeere & Co.COM0.79%$3M5.1K
31RTXRTX CorporationCOM0.75%$3M14.3K
32ABBVAbbVieCOM0.72%$3M12.1K
33CSCOCisco SystemsCOM0.69%$3M32.3K
34IBMInternational Business MachinesCOM0.67%$2M10.2K
35JPMJP Morgan Chase & CoCOM0.66%$2M8.2K
36GEVGE VERNOVA INCCOM0.64%$2M2.7K
37QCOMQualcomm, Inc.COM0.61%$2M17.3K
38FDXFedEx CorpCOM0.60%$2M6.1K
39MMM3M CoCOM0.59%$2M14.8K
40HSYHersheyCOM0.58%$2M10.1K
41EQIXEquinix IncCOM0.53%$2M2.0K
42NVSNovartis AGSPONSORED ADR0.51%$2M12.3K
43ETNEaton Corp PLCSHS0.50%$2M5.1K
44ITWIllinois Tool WorksCOM0.46%$2M6.5K
45AMDAdvanced Micro DevicesCOM0.44%$2M7.8K
46TFCTruist Financial CorpCOM0.43%$2M34.2K
47SBUXStarbucks Corp.COM0.40%$1M16.1K
48LRCXLAM ResearchCOM NEW0.39%$1M6.7K
49UNPUnion Pacific Corp.COM0.38%$1M5.7K
50PMPhilip Morris Intl IncCOM0.37%$1M8.2K
51MRKMerckCOM0.36%$1M11.0K
52TXNTexas Instruments IncCOM0.35%$1M6.6K
53AXPAmerican ExpressCOM0.33%$1M4.0K
54MARMarriott IntlCL A0.32%$1M3.5K
55BACBankAmerica CorpCOM0.31%$1M23.0K
56NUENucor CorpCOM0.30%$1M6.6K
57TGTTarget Corp.COM0.30%$1M9.2K
58TMToyotaSP ADR REP2COM0.27%$978,0004.7K
59AMATApplied Matls IncCOM0.27%$973,0002.8K
60FCNCAFirst Citizens BankCL A0.26%$961,000510
61NFLXNETFLIX INCCOM0.25%$930,0009.7K
62BABoeingCOM0.25%$909,0004.6K
63APAAPA CorporationCOM0.23%$849,00020.0K
64UBERUBER TECHNOLOGIES INCCOM0.23%$847,00011.8K
65BMYBristol-Meyers SquibbCOM0.23%$840,00013.8K
66TSLATesla Inc.COM0.23%$833,0002.2K
67VGTVanguard Information Tech ETFINF TECH ETF0.22%$792,0001.1K
68PLTRPalantir TechnologiesCL A0.22%$790,0005.4K
69SYKStryker CorpCOM0.21%$779,0002.4K
70NKENike Inc.CL B0.20%$729,00013.8K
71AFLAFLAC, Inc.COM0.20%$723,0006.6K
72BRK/ABERKSHIRE HATHAWAY INC DELCL A0.20%$718,0001
73TROWT. Rowe Price GroupCOM0.19%$705,0007.8K
74SHWSherwin WilliamsCOM0.18%$670,0002.1K
75VZVerizon Communications Inc.COM0.18%$642,00012.8K
76EMREmerson Electric CompanyCOM0.17%$604,0004.6K
77NOCNorthrop GrummanCOM0.16%$573,000840
78ABTAbbott LabsCOM0.15%$538,0005.2K
79Unilever PLCSPON ADR NEW0.13%$481,0008.4K
80COPConocoPhillipsCOM0.12%$423,0003.2K
81GE AerospaceCOM NEW0.11%$419,0001.5K
82PFEPfizer IncorporatedCOM0.11%$391,00013.9K
83EXMOCExxon Mobil CorpCOM0.11%$390,0002.3K
84XLESelect Sector SPDR TRState Street ENE0.10%$378,0006.2K
85PANWPalto Alto Networks IncCOM0.10%$364,0002.3K
86CMGChipotle Mexican Grill IncCOM0.10%$360,00011.3K
87PAYXPaychex, Inc.COM0.09%$341,0003.7K
88DALDelta Air Lines Inc DELCOM NEW0.09%$332,0005.0K
89VEEVVeeva SyS IncCL A COM0.09%$332,0001.9K
90CHDChurch & DwightCOM0.09%$322,0003.5K
91LHLabcorp HoldingsCOM SHS0.09%$321,0001.2K
92REGNRegeneron Pharms IncCOM0.08%$309,000400
93GNRCGeneracCOM0.08%$293,0001.5K
94SCHWSCHWAB CHARLES CORPCOM0.08%$287,0003.0K
95NSCNorfolk SouthernCOM0.08%$280,000975
96CLXCloroxCOM0.08%$277,0002.7K
97SOSouthern CoCOM0.07%$270,0002.8K
98MKCMcCormick & Co.COM NON VTG0.07%$264,0005.2K
99PKGPackaging Corp AmerCOM0.07%$244,0001.1K
100TTCToro CoCOM0.06%$237,0002.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$365M104Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$373M107Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$366M108Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$336M107Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$314M107May 7, 2025RESTATEMENTchanges · EDGAR ↗
Q4 2024$329M105Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$322M107Oct 31, 202413F-HRchanges · EDGAR ↗
Q2 2024$307M108Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$284M103May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$264M103Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$244M105Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$255M108Jul 26, 202313F-HRchanges · EDGAR ↗
Q1 2023$237M107May 17, 202313F-HRchanges · EDGAR ↗
Q4 2022$222M109Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$207M109Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$225M115Aug 17, 202213F-HRchanges · EDGAR ↗
Q1 2022$262M117Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$270M116Feb 2, 202213F-HRchanges · EDGAR ↗
Q3 2021$247M115Oct 27, 202113F-HRchanges · EDGAR ↗
Q2 2021$244M111Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$233M116May 21, 202113F-HRchanges · EDGAR ↗
Q4 2020$207M107Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$200M105Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$181M107Jul 28, 202013F-HRchanges · EDGAR ↗
Q1 2020$145M103Apr 27, 202013F-HRchanges · EDGAR ↗
Q4 2019$185M121Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$175M118Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$170M120Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$161M114Apr 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.