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Nichols & Pratt Advisers LLP /ma 13F Filing (Q2 2026) — Top Positions & Stock Picks
Nichols & Pratt Advisers LLP /maCIK: 0001141781
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.6B
Reporting period: 2026-06-30 · Number of holdings: 195
NICHOLS & PRATT ADVISERS LLP /MA disclosed 195 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.6B and a quarterly turnover rate of 13.1%.
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Personality snowflake
- Concentration
- 16.18
- Portfolio Stability
- 13.08
- Momentum
- 100
- Sector conviction
- 45.54
- Diversification
- 100
- Sizing Uniformity
- 81.45
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 195 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 1.85), 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.govAdd CAT
-2.1% $19.3M
Add GOOG
-3.3% $23.9M
Trim PEP
-1.2% -$7.7M
Trim INTU
-0.1% -$8.8M
Add AAPL
-1.0% $17.2M
Trim VZ
-0.2% -$6.3M
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 109 holdings (of 195 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 9.16% | +0.54% | -1.02% | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 9.06% | +0.98% | -3.32% | |
| 3 | JNJ | Johnson & Johnson | Stock-Healthcare | 7.11% | -0.30% | -1.84% | |
| 4 | MA | Mastercard Inc - A | Stock-Financials | 4.61% | -0.10% | +1.01% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 4.31% | -0.17% | +1.34% | |
| 6 | ADP | Automatic Data Processing | Stock-Tech | 4.05% | +0.12% | -0.58% | |
| 7 | CAT | Caterpillar Inc | Stock-Industrials | 3.66% | +1.02% | -2.05% | |
| 8 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 3.55% | -0.44% | -0.30% | |
| 9 | KMI | Kinder Morgan, Inc. | Stock-Energy | 3.49% | -0.42% | -0.48% | |
| 10 | MRK | Merck & Co. Inc. | Stock-Healthcare | 3.46% | -0.01% | -0.86% | |
| 11 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 3.34% | -0.18% | -0.60% | |
| 12 | FAST | Fastenal Co | Stock-Industrials | 3.32% | -0.10% | -0.27% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.05% | +0.27% | +1.80% | |
| 14 | PEP | Pepsico Inc | Stock-Consumer Staples | 2.91% | -0.68% | -1.17% | |
| 15 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.11% | -0.02% | -1.38% | |
| 16 | LIN | Linde plc | Stock-Materials | 2.05% | — | +1.43% | |
| 17 | VZ | Verizon Communications Inc | Stock-Comm Services | 2.05% | -0.54% | -0.17% | |
| 18 | QCOM | Qualcomm Inc | Stock-Tech | 1.93% | +0.50% | -0.38% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.78% | -0.05% | -0.87% | |
| 20 | RTO | Rentokil Initial Plc-sp Adr | Stock-Other | 1.74% | -0.29% | +0.51% | |
| 21 | IQV | Iqvia Holdings Inc | Stock-Healthcare | 1.59% | +0.14% | +3.01% | |
| 22 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.45% | -0.01% | +3.54% | |
| 23 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 1.39% | +0.25% | -0.55% | |
| 24 | SNPS | Synopsys Inc | Stock-Tech | 1.32% | +0.18% | +9.57% | |
| 25 | CSCO | Cisco Systems Inc | Stock-Tech | 1.23% | +0.36% | -0.68% | |
| 26 | APD | Air Products & Chemicals Inc | Stock-Materials | 1.12% | -0.07% | -0.82% | |
| 27 | SYK | Stryker CORP | Stock-Healthcare | 1.09% | -0.04% | +7.25% | |
| 28 | SO | Southern Co/the | Stock-Utilities | 1.08% | -0.08% | +0.06% | |
| 29 | ALC | Alcon Inc. | Stock-Healthcare | 0.87% | -0.12% | +4.56% | |
| 30 | INTU | Intuit Inc | Stock-Tech | 0.81% | -0.62% | -0.15% | |
| 31 | FISV | Fiserv Inc | Stock-Other | 0.79% | -0.24% | -7.98% | |
| 32 | MDT | Medtronic plc | Stock-Healthcare | 0.67% | -0.20% | -9.77% | |
| 33 | INTC | Intel CORP | Stock-Tech | 0.64% | +0.42% | -0.73% | |
| 34 | XOM | Exxon Mobil CORP | Stock-Energy | 0.60% | -0.22% | -3.53% | |
| 35 | GE | General Electric | Stock-Industrials | 0.51% | +0.09% | -2.50% | |
| 36 | STT | State Street CORP | Stock-Financials | 0.49% | +0.43% | -0.42% | |
| 37 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.45% | +0.02% | +0.05% | |
| 38 | NVDA | Nvidia CORP | Stock-Tech | 0.39% | +0.04% | +1.72% | |
| 39 | ABBV | Abbvie Inc | Stock-Healthcare | 0.38% | +0.04% | +0.76% | |
| 40 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.36% | +0.02% | -0.96% | |
| 41 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.34% | -0.04% | +1.18% | |
| 42 | ACN | Accenture plc | Stock-Tech | 0.30% | -0.26% | -10.72% | |
| 43 | GPN | Global Payments Inc | Stock-Industrials | 0.30% | -0.01% | -6.66% | |
| 44 | RTX | Rtx CORP | Stock-Industrials | 0.29% | -0.02% | -0.69% | |
| 45 | ECL | Ecolab Inc | Stock-Materials | 0.29% | +0.03% | +9.75% | |
| 46 | GEV | GE Vernova Inc | Stock-Industrials | 0.27% | +0.05% | -1.85% | |
| 47 | KEYS | Keysight Technologies In | Stock-Tech | 0.27% | +0.04% | — | |
| 48 | EMR | Emerson Electric Co | Stock-Industrials | 0.26% | — | -2.74% | |
| 49 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 0.24% | -0.02% | +0.39% | |
| 50 | ABT | Abbott Laboratories | Stock-Healthcare | 0.22% | -0.06% | -5.97% |
1–50 of 109
Portfolio Performance
Performance for Q3 2026
+5.2%
Performance Last 4 Quarters
+16.7%
- Stdev
- +10.2%
- Beta
- +0.7
- Alpha
- -1.1%
- Max Drawdown
- -7.2%
- Annualized Perf
- +13.1%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.23
- Stutzer
- +0.36
- Treynor
- +0.18
- Sterling
- +0.87
- Calmar
- +1.83
- Information Ratio
- -1.15
- Tracking Error
- +6.2%
- Stdev Down
- +5.8%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +26.4%
- Worst 12 Months
- +3.6%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.26
- Stdev Sectors
- +7.2%
- Skewness
- -0.33
- Kurtosis
- -0.35
- Upside Potential
- +3.87
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: New buy: Vanguard S&p 500 ETF (VOO); New buy: Targa Resources CORP (TRGP); New buy: Rockwell Automation Inc (ROK); New buy: Amphenol Corp-cl A (APH); Sold out: Honeywell International Inc (HON).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CAT | Caterpillar Inc | +1% | -2.05% | Trim |
| 2 | GOOG | Alphabet Inc-cl C | +1% | -3.32% | Trim |
| 3 | AAPL | Apple Inc | +0.5% | -1.02% | Trim |
| 4 | QCOM | Qualcomm Inc | +0.5% | -0.38% | Trim |
| 5 | STT | State Street CORP | +0.4% | -0.42% | Trim |
| 6 | INTC | Intel CORP | +0.4% | -0.73% | Trim |
| 7 | CSCO | Cisco Systems Inc | +0.4% | -0.68% | Trim |
| 8 | AMZN | Amazon.com Inc | +0.3% | +1.80% | Add |
| 9 | NVO | Novo-nordisk A/s-spons Adr | +0.3% | -0.55% | Trim |
| 10 | SNPS | Synopsys Inc | +0.2% | +9.57% | Add |
| 11 | IQV | Iqvia Holdings Inc | +0.1% | +3.01% | Add |
| 12 | ADP | Automatic Data Processing | +0.1% | -0.58% | Trim |
| 13 | META | Meta Platforms Inc-class A | +0.1% | +976.00% | Add |
| 14 | GE | General Electric | +0.1% | -2.50% | Trim |
| 15 | IJR | Ishares Core S&p Small-cap E | +0.1% | +4.33% | Add |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | — | Unchanged |
| 17 | GEV | GE Vernova Inc | +0.1% | -1.85% | Trim |
| 18 | NVDA | Nvidia CORP | 0% | +1.72% | Add |
| 19 | ABBV | Abbvie Inc | 0% | +0.76% | Add |
| 20 | KEYS | Keysight Technologies In | 0% | — | Unchanged |
| 21 | ECL | Ecolab Inc | 0% | +9.75% | Add |
| 22 | JPM | Jpmorgan Chase & Co | 0% | +0.05% | Add |
| 23 | BHP | Bhp Group Ltd-spon Adr | 0% | -0.96% | Trim |
| 24 | WAT | Waters CORP | 0% | +0.18% | Add |
| 25 | PANW | Palo Alto Networks Inc | 0% | +3.90% | Add |
| 26 | VOO | Vanguard S&p 500 ETF | 0% | NEW | New buy |
| 27 | EFA | Ishares Msci Eafe ETF | 0% | — | Unchanged |
| 28 | TRGP | Targa Resources CORP | 0% | NEW | New buy |
| 29 | ROK | Rockwell Automation Inc | 0% | NEW | New buy |
| 30 | APH | Amphenol Corp-cl A | 0% | NEW | New buy |
| 31 | V | Visa Inc-class A Shares | 0% | +0.80% | Add |
| 32 | GOOGL | Alphabet Inc-cl A | 0% | -5.98% | Trim |
| 33 | IBM | Intl Business Machines CORP | 0% | -1.03% | Trim |
| 34 | CVX | Chevron CORP | 0% | +59.98% | Add |
| 35 | EXPD | Expeditors Intl Wash Inc | 0% | — | Unchanged |
| 36 | VMC | Vulcan Materials Co | 0% | NEW | New buy |
| 37 | AVGO | Broadcom Inc | 0% | -0.79% | Trim |
| 38 | QQQ | Invesco Qqq Trust Series 1 | 0% | NEW | New buy |
| 39 | UNP | Union Pacific CORP | 0% | +0.83% | Add |
| 40 | IWM | Ishares Russell 2000 ETF | 0% | +0.84% | Add |
| 41 | MS | Morgan Stanley | 0% | -7.82% | Trim |
| 42 | CMI | Cummins Inc | 0% | — | Unchanged |
| 43 | GWW | Ww Grainger Inc | 0% | — | Unchanged |
| 44 | LIN | Linde plc | — | +1.43% | Add |
| 45 | EMR | Emerson Electric Co | — | -2.74% | Trim |
| 46 | CB | Chubb Limited | — | +2.81% | Add |
| 47 | SHW | Sherwin-williams Co/the | — | -2.73% | Trim |
| 48 | ETN | Eaton Corporation plc | — | +5.10% | Add |
| 49 | ASO | Academy Sports & Outdoors In | — | — | Unchanged |
| 50 | UNM | Unum Group | — | — | Unchanged |
1–50 of 111
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.6B, spread across 195 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) — $150.8M (9.2%)
2. Alphabet Inc-cl C (GOOG) — $149.2M (9.1%)
3. Johnson & Johnson (JNJ) — $117.1M (7.1%)
4. Mastercard Inc - A (MA) — $75.8M (4.6%)
5. Microsoft CORP (MSFT) — $70.9M (4.3%)
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 88 notable position adjustments: 6 new positions were initiated, 33 existing holdings were added to, 47 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Vanguard S&p 500 ETF (VOO); New buy: Targa Resources CORP (TRGP); New buy: Rockwell Automation Inc (ROK); New buy: Amphenol Corp-cl A (APH); Sold out: Honeywell International Inc (HON)
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: 26.0%
• Health Care: 19.7%
• Communication Services: 12.0%
• Industrials: 9.5%
• Consumer Staples: 9.3%
• Consumer Discretionary: 7.3%
Investment Profile
Nichols & Pratt Advisers LLP /ma returned an annualized 13.1% over the trailing 36 months — underperforming the S&P 500 by 1.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its CAT position over the past two quarters (+$25.6M, now $60.2M), while trimming INTU over the same stretch (-$20.3M, still holding $13.3M).
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Developer Access
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