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Nichols & Pratt Advisers LLP /ma 13F Filing (Q3 2026) — Top Positions & Stock Picks
Nichols & Pratt Advisers LLP /maCIK: 0001141781
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.7B
Reporting period: 2026-09-30 · Number of holdings: 197
NICHOLS & PRATT ADVISERS LLP /MA disclosed 197 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.7B and a quarterly turnover rate of 30.5%.
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Personality snowflake
- Concentration
- 16.1
- Portfolio Stability
- 30.52
- Momentum
- 100
- Sector conviction
- 49.56
- Diversification
- 100
- Sizing Uniformity
- 81.4
Nichols & Pratt Advisers LLP /ma's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, well below its 197 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.86), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out GOOG
Add GOOGL
+5744.8% $135.9M
Add MSFT
+2.7% $29.2M
Trim CAT
-8.8% -$17.6M
New buy 30233Q108
Sold out XOM
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 110 holdings (of 197 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 9.48% | +0.32% | -7.48% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.24% | +8.09% | +5744.78% | |
| 3 | JNJ | Johnson & Johnson | Stock-Healthcare | 6.63% | -0.48% | -6.62% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 5.96% | +1.65% | +2.73% | |
| 5 | MA | Mastercard Inc - A | Stock-Financials | 4.82% | +0.21% | -0.29% | |
| 6 | ADP | Automatic Data Processing | Stock-Tech | 4.56% | +0.51% | -2.48% | |
| 7 | MRK | Merck & Co. Inc. | Stock-Healthcare | 3.77% | +0.31% | -0.51% | |
| 8 | FAST | Fastenal Co | Stock-Industrials | 3.38% | +0.06% | -0.73% | |
| 9 | KMI | Kinder Morgan, Inc. | Stock-Energy | 3.23% | -0.26% | -1.00% | |
| 10 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 3.20% | -0.14% | -0.59% | |
| 11 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.11% | +0.06% | -0.04% | |
| 12 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 3.06% | -0.49% | -0.27% | |
| 13 | PEP | Pepsico Inc | Stock-Consumer Staples | 2.59% | -0.32% | -2.12% | |
| 14 | CAT | Caterpillar Inc | Stock-Industrials | 2.54% | -1.12% | -8.80% | |
| 15 | VZ | Verizon Communications Inc | Stock-Comm Services | 2.18% | +0.13% | -0.34% | |
| 16 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.17% | +0.06% | -1.18% | |
| 17 | IQV | Iqvia Holdings Inc | Stock-Healthcare | 2.11% | +0.52% | +0.23% | |
| 18 | QCOM | Qualcomm Inc | Stock-Tech | 2.00% | +0.07% | +7.77% | |
| 19 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.89% | +0.44% | +2.24% | |
| 20 | LIN | Linde plc | Stock-Materials | 1.83% | -0.22% | +0.58% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.78% | — | +1.50% | |
| 22 | SNPS | Synopsys Inc | Stock-Tech | 1.54% | +0.22% | +8.48% | |
| 23 | RTO | Rentokil Initial Plc-sp Adr | Stock-Other | 1.19% | -0.55% | +0.61% | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 1.07% | -0.16% | -3.91% | |
| 25 | SYK | Stryker CORP | Stock-Healthcare | 1.06% | -0.03% | +14.44% | |
| 26 | ALC | Alcon Inc. | Stock-Healthcare | 1.04% | +0.17% | +29.14% | |
| 27 | APD | Air Products & Chemicals Inc | Stock-Materials | 1.04% | -0.08% | +1.34% | |
| 28 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 1.02% | -0.37% | -4.07% | |
| 29 | SO | Southern Co/the | Stock-Utilities | 0.91% | -0.17% | -1.50% | |
| 30 | INTU | Intuit Inc | Stock-Tech | 0.86% | +0.05% | +0.68% | |
| 31 | ✓ | Stock-Other | 0.67% | +0.67% | NEW | ||
| 32 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.61% | +0.48% | +276.53% | |
| 33 | MDT | Medtronic plc | Stock-Healthcare | 0.59% | -0.08% | -18.58% | |
| 34 | INTC | Intel CORP | Stock-Tech | 0.52% | -0.12% | -3.57% | |
| 35 | STT | State Street CORP | Stock-Financials | 0.50% | +0.01% | — | |
| 36 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.48% | +0.03% | +7.27% | |
| 37 | ACN | Accenture plc | Stock-Tech | 0.47% | +0.17% | -5.68% | |
| 38 | ABBV | Abbvie Inc | Stock-Healthcare | 0.43% | +0.05% | +12.05% | |
| 39 | NVDA | Nvidia CORP | Stock-Tech | 0.42% | +0.03% | -4.65% | |
| 40 | GE | General Electric | Stock-Industrials | 0.41% | -0.10% | -1.43% | |
| 41 | FISV | Fiserv Inc | Stock-Other | 0.41% | -0.38% | -43.03% | |
| 42 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.37% | +0.03% | +11.71% | |
| 43 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.36% | — | +0.01% | |
| 44 | GPN | Global Payments Inc | Stock-Industrials | 0.32% | +0.02% | -1.36% | |
| 45 | KEYS | Keysight Technologies In | Stock-Tech | 0.28% | +0.01% | -2.24% | |
| 46 | RTX | Rtx CORP | Stock-Industrials | 0.28% | -0.01% | -0.20% | |
| 47 | ECL | Ecolab Inc | Stock-Materials | 0.27% | -0.02% | +0.68% | |
| 48 | EMR | Emerson Electric Co | Stock-Industrials | 0.27% | +0.01% | -4.09% | |
| 49 | ABT | Abbott Laboratories | Stock-Healthcare | 0.26% | +0.04% | +13.54% | |
| 50 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 0.23% | -0.01% | +0.73% |
1–50 of 110
Portfolio Performance
Performance for Q4 2026
+2.6%
Performance Last 4 Quarters
+14.7%
- Stdev
- +9.6%
- Beta
- +0.68
- Alpha
- -0.4%
- Max Drawdown
- -7.2%
- Annualized Perf
- +15.7%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.99
- Stutzer
- +0.45
- Treynor
- +0.22
- Sterling
- +1.05
- Calmar
- +2.2
- Information Ratio
- -1.26
- Tracking Error
- +6.2%
- Stdev Down
- +5.1%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +26.4%
- Worst 12 Months
- +3.6%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.58
- Stdev Sectors
- +8.1%
- Skewness
- -0.33
- Kurtosis
- -0.13
- Upside Potential
- +4.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 197 | $1.7B | 31 | ||
| 2026 Q2 | 195 | $1.6B | 13 | ||
| 2026 Q1 | 188 | $1.5B | 15 | ||
| 2025 Q4 | 192 | $1.6B | 73 | ||
| 2025 Q3 | 193 | $1.6B | 18 | ||
| 2025 Q2 | 192 | $1.5B | 0 | ||
| 2025 Q1 | 184 | $1.5B | 100 | ||
| 2024 Q4 | 192 | $1.5B | 0 | ||
| 2024 Q3 | 196 | $1.5B | 0 | ||
| 2024 Q2 | 185 | $1.5B | 0 | ||
| 2024 Q1 | 192 | $1.5B | 0 | ||
| 2023 Q4 | 196 | $1.4B | 0 | ||
| 2023 Q3 | 198 | $1.3B | 0 | ||
| 2023 Q2 | 198 | $1.4B | 0 | ||
| 2023 Q1 | 192 | $1.3B | 0 | ||
| 2022 Q4 | 183 | $1.2B | 0 | ||
| 2022 Q3 | 171 | $1.1B | 0 | ||
| 2022 Q2 | 168 | $1.2B | 0 | ||
| 2022 Q1 | 184 | $1.4B | 0 | ||
| 2021 Q4 | 185 | $1.4B | 0 | ||
| 2021 Q3 | 195 | $1.3B | 0 | ||
| 2021 Q2 | 194 | $1.3B | 98 | ||
| 2021 Q1 | 193 | $1.3B | 9 | ||
| 2020 Q4 | 192 | $1.3B | 10 | ||
| 2020 Q3 | 186 | $1.2B | 10 | ||
| 2020 Q2 | 177 | $1.1B | 18 | ||
| 2020 Q1 | 173 | $998.4M | 20 | ||
| 2019 Q4 | 178 | $1.2B | 8 | ||
| 2019 Q3 | 189 | $1.2B | 7 | ||
| 2019 Q2 | 191 | $1.2B | 6 | ||
| 2019 Q1 | 193 | $1.2B | 16 | ||
| 2018 Q4 | 182 | $1.1B | 18 | ||
| 2018 Q3 | 198 | $1.2B | 11 | ||
| 2018 Q2 | 195 | $1.1B | 8 | ||
| 2018 Q1 | 197 | $1.1B | 8 | ||
| 2017 Q4 | 196 | $1.2B | 9 | ||
| 2017 Q3 | 200 | $1.1B | 7 | ||
| 2017 Q2 | 196 | $1.1B | 6 | ||
| 2017 Q1 | 197 | $1.1B | 7 | ||
| 2016 Q4 | 194 | $1.1B | 7 | ||
| 2016 Q3 | 205 | $1.1B | 9 | ||
| 2016 Q2 | 216 | $1.1B | 7 | ||
| 2016 Q1 | 213 | $1.1B | 8 | ||
| 2015 Q4 | 209 | $1.0B | 11 | ||
| 2015 Q3 | 212 | $996.8M | 15 | ||
| 2015 Q2 | 208 | $1.1B | 8 | ||
| 2015 Q1 | 213 | $1.1B | 9 | ||
| 2014 Q4 | 212 | $1.1B | 9 | ||
| 2014 Q3 | 217 | $1.1B | 8 | ||
| 2014 Q2 | 217 | $1.2B | 8 | ||
| 2014 Q1 | 197 | $1.1B | 29 | ||
| 2013 Q4 | 170 | $1.1B | 26 | ||
| 2013 Q3 | 166 | $994.6M | 23 | ||
| 2013 Q2 | 170 | $957.6M | 0 |
Holding changes this quarter
Nichols & Pratt Advisers LLP /ma's most significant position changes for 2026-09-30: Sold out: Alphabet Inc-cl C (GOOG); New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Intuitive Surgical Inc (ISRG); New buy: Transdigm Group Inc (TDG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +8.1% | +5744.78% | Add |
| 2 | MSFT | Microsoft CORP | +1.7% | +2.73% | Add |
| 3 | ✓ | +0.7% | NEW | New buy | |
| 4 | IQV | Iqvia Holdings Inc | +0.5% | +0.23% | Add |
| 5 | ADP | Automatic Data Processing | +0.5% | -2.48% | Trim |
| 6 | META | Meta Platforms Inc-class A | +0.5% | +276.53% | Add |
| 7 | TMO | Thermo Fisher Scientific Inc | +0.4% | +2.24% | Add |
| 8 | AAPL | Apple Inc | +0.3% | -7.48% | Trim |
| 9 | MRK | Merck & Co. Inc. | +0.3% | -0.51% | Trim |
| 10 | SNPS | Synopsys Inc | +0.2% | +8.48% | Add |
| 11 | MA | Mastercard Inc - A | +0.2% | -0.29% | Trim |
| 12 | ISRG | Intuitive Surgical Inc | +0.2% | NEW | New buy |
| 13 | ALC | Alcon Inc. | +0.2% | +29.14% | Add |
| 14 | ACN | Accenture plc | +0.2% | -5.68% | Trim |
| 15 | VZ | Verizon Communications Inc | +0.1% | -0.34% | Trim |
| 16 | TDG | Transdigm Group Inc | +0.1% | NEW | New buy |
| 17 | CVX | Chevron CORP | +0.1% | +94.98% | Add |
| 18 | QCOM | Qualcomm Inc | +0.1% | +7.77% | Add |
| 19 | FAST | Fastenal Co | +0.1% | -0.73% | Trim |
| 20 | AMZN | Amazon.com Inc | +0.1% | -0.04% | Trim |
| 21 | KO | Coca-cola Co/the | +0.1% | -1.18% | Trim |
| 22 | INTU | Intuit Inc | +0.1% | +0.68% | Add |
| 23 | ABBV | Abbvie Inc | +0.1% | +12.05% | Add |
| 24 | ABT | Abbott Laboratories | 0% | +13.54% | Add |
| 25 | JPM | Jpmorgan Chase & Co | 0% | +7.27% | Add |
| 26 | NVDA | Nvidia CORP | 0% | -4.65% | Trim |
| 27 | COST | Costco Wholesale CORP | 0% | +11.71% | Add |
| 28 | EFA | Ishares Msci Eafe ETF | 0% | +110.41% | Add |
| 29 | SHW | Sherwin-williams Co/the | 0% | +23.46% | Add |
| 30 | GPN | Global Payments Inc | 0% | -1.36% | Trim |
| 31 | IWF | Ishares Russell 1000 Growth | 0% | NEW | New buy |
| 32 | WDS | Woodside Energy Group-adr | 0% | +0.06% | Add |
| 33 | WAT | Waters CORP | 0% | — | Unchanged |
| 34 | MCK | Mckesson CORP | 0% | NEW | New buy |
| 35 | EXPD | Expeditors Intl Wash Inc | 0% | — | Unchanged |
| 36 | IWM | Ishares Russell 2000 ETF | 0% | +80.03% | Add |
| 37 | EMR | Emerson Electric Co | 0% | -4.09% | Trim |
| 38 | WMT | Walmart Inc | 0% | NEW | New buy |
| 39 | STT | State Street CORP | 0% | — | Unchanged |
| 40 | MPC | Marathon Petroleum CORP | 0% | NEW | New buy |
| 41 | KEYS | Keysight Technologies In | 0% | -2.24% | Trim |
| 42 | V | Visa Inc-class A Shares | 0% | +0.23% | Add |
| 43 | PANW | Palo Alto Networks Inc | 0% | +3.76% | Add |
| 44 | SHOP | Shopify Inc - Class A | 0% | -4.33% | Trim |
| 45 | AMGN | Amgen Inc | 0% | -1.73% | Trim |
| 46 | IEFA | Ishares Core Msci Eafe ETF | 0% | +14.44% | Add |
| 47 | T | At&t Inc | 0% | — | Unchanged |
| 48 | CTAS | Cintas CORP | 0% | — | Unchanged |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | — | +1.50% | Add |
| 50 | NEE | Nextera Energy Inc | — | -18.03% | Trim |
1–50 of 116
Filing History
FAQ
What is Nichols & Pratt Advisers LLP /ma and what type of investor is it?
Nichols & Pratt Advisers LLP /ma is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.7B, spread across 197 disclosed positions.
What are Nichols & Pratt Advisers LLP /ma's largest equity positions?
Based on the latest 13F filing, Nichols & Pratt Advisers LLP /ma's top holdings by market value are:
1. Apple Inc (AAPL) — $159.2M (9.5%)
2. Alphabet Inc-cl A (GOOGL) — $138.4M (8.2%)
3. Johnson & Johnson (JNJ) — $111.3M (6.6%)
4. Microsoft CORP (MSFT) — $100.1M (6.0%)
5. Mastercard Inc - A (MA) — $81.0M (4.8%)
What changes did Nichols & Pratt Advisers LLP /ma make in its most recent portfolio filing?
In the latest reported quarter, Nichols & Pratt Advisers LLP /ma made 90 notable position adjustments: 7 new positions were initiated, 37 existing holdings were added to, 40 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Alphabet Inc-cl C (GOOG); New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Intuitive Surgical Inc (ISRG); New buy: Transdigm Group Inc (TDG)
What sectors does Nichols & Pratt Advisers LLP /ma focus on?
Nichols & Pratt Advisers LLP /ma is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 28.8%
• Health Care: 20.5%
• Communication Services: 11.6%
• Consumer Staples: 8.9%
• Industrials: 8.4%
• Consumer Discretionary: 6.8%
Investment Profile
Nichols & Pratt Advisers LLP /ma returned an annualized 15.7% over the trailing 36 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.68 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
It has added to its GOOGL position over the past two quarters (+$136.3M, now $138.4M), while trimming PEP over the same stretch (-$12.1M, still holding $43.6M).
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Developer Access
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REST API
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