PF
Physicians Financial Services, Inc. 13F Holdings & Recent Stock Buys (Q2 2026)
Physicians Financial Services, Inc.CIK: 0001665518
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$400.7M
Reporting period: 2026-06-30 · Number of holdings: 106
PHYSICIANS FINANCIAL SERVICES, INC. disclosed 106 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $400.7M and a quarterly turnover rate of 15.6%.
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Personality snowflake
- Concentration
- 17.89
- Portfolio Stability
- 15.6
- Momentum
- 100
- Sector conviction
- 55.91
- Diversification
- 100
- Sizing Uniformity
- 80.57
Physicians Financial Services, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.045 — mathematically equivalent to about 22 equally-sized positions, well below its 106 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 1.94), 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
-0.6% $6.7M
Trim NVDA
-23.2% -$2.8M
Trim WMT
-0.2% -$1.8M
Add GOOGL
-0.3% $5.3M
Add AMD
0.0% $3.0M
Trim CVX
-2.0% -$1.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 14.77% | +0.44% | -0.77% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 6.82% | +0.78% | -0.33% | |
| 3 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 6.03% | +0.40% | +2.69% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 5.23% | -1.28% | -23.17% | |
| 5 | CAT | Caterpillar Inc | Stock-Industrials | 5.06% | +1.34% | -0.63% | |
| 6 | WMT | Walmart Inc | Stock-Consumer Staples | 4.45% | -0.92% | -0.20% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 3.97% | -0.32% | +0.56% | |
| 8 | MA | Mastercard Inc - A | Stock-Financials | 2.31% | -0.16% | -0.11% | |
| 9 | CMI | Cummins Inc | Stock-Industrials | 2.19% | +0.37% | -0.41% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.86% | -0.22% | -0.30% | |
| 11 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.62% | -0.29% | -1.00% | |
| 12 | CVX | Chevron CORP | Stock-Energy | 1.59% | -0.63% | -2.04% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.55% | +0.30% | +4.47% | |
| 14 | AMGN | Amgen Inc | Stock-Healthcare | 1.53% | -0.11% | -0.44% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.51% | -0.09% | -0.31% | |
| 16 | AVGO | Broadcom Inc | Stock-Tech | 1.46% | +0.14% | -0.96% | |
| 17 | V | Visa Inc-class A Shares | Stock-Financials | 1.43% | +0.06% | +0.45% | |
| 18 | PH | Parker Hannifin CORP | Stock-Industrials | 1.42% | -0.01% | -0.43% | |
| 19 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.38% | -0.36% | +0.23% | |
| 20 | ADP | Automatic Data Processing | Stock-Tech | 1.31% | +0.01% | +0.30% | |
| 21 | DUK | Duke Energy CORP | Stock-Utilities | 1.29% | -0.17% | +0.45% | |
| 22 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.23% | -0.23% | -0.73% | |
| 23 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.23% | -0.03% | -0.24% | |
| 24 | AMD | Advanced Micro Devices | Stock-Tech | 1.14% | +0.70% | — | |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.12% | -0.06% | -0.28% | |
| 26 | HD | Home Depot Inc | Stock-Consumer Disc | 1.11% | -0.03% | — | |
| 27 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.01% | -0.08% | +0.19% | |
| 28 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.95% | -0.28% | +0.67% | |
| 29 | CSCO | Cisco Systems Inc | Stock-Tech | 0.95% | +0.27% | — | |
| 30 | ORCL | Oracle CORP | Stock-Tech | 0.88% | -0.09% | -0.21% | |
| 31 | DE | Deere & Co | Stock-Industrials | 0.81% | +0.02% | -0.49% | |
| 32 | QCOM | Qualcomm Inc | Stock-Tech | 0.79% | +0.18% | -0.58% | |
| 33 | GEV | GE Vernova Inc | Stock-Industrials | 0.79% | +0.14% | — | |
| 34 | ABBV | Abbvie Inc | Stock-Healthcare | 0.76% | +0.04% | -0.21% | |
| 35 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.73% | -0.18% | +0.87% | |
| 36 | LRCX | Lam Research CORP | Stock-Tech | 0.73% | +0.34% | — | |
| 37 | IBM | Intl Business Machines CORP | Stock-Tech | 0.71% | +0.04% | — | |
| 38 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.68% | +0.07% | — | |
| 39 | RTX | Rtx CORP | Stock-Industrials | 0.68% | -0.07% | -0.17% | |
| 40 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.67% | +0.01% | — | |
| 41 | MMM | 3m Co | Stock-Industrials | 0.59% | — | -0.85% | |
| 42 | ETN | Eaton Corporation plc | Stock-Industrials | 0.54% | +0.04% | -0.49% | |
| 43 | EQIX | Equinix Inc | Stock-Real Estate | 0.51% | -0.02% | — | |
| 44 | AMAT | Applied Materials Inc | Stock-Tech | 0.51% | +0.24% | -1.26% | |
| 45 | TXN | Texas Instruments Inc | Stock-Tech | 0.49% | +0.14% | — | |
| 46 | FDX | Fedex CORP | Stock-Industrials | 0.48% | -0.12% | — | |
| 47 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.48% | -0.03% | -0.41% | |
| 48 | HSY | Hershey Co/the | Stock-Consumer Staples | 0.45% | -0.13% | +1.44% | |
| 49 | ITW | Illinois Tool Works | Stock-Industrials | 0.44% | -0.02% | — | |
| 50 | TFC | Truist Financial CORP | Stock-Financials | 0.42% | -0.01% | -0.29% |
1–50 of 106
Portfolio Performance
Performance for Q3 2026
+1.5%
Performance Last 4 Quarters
+22%
- Stdev
- +12.5%
- Beta
- +0.93
- Alpha
- -0.5%
- Max Drawdown
- -8.6%
- Annualized Perf
- +18.9%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.77
- Stutzer
- +0.42
- Treynor
- +0.19
- Sterling
- +1.21
- Calmar
- +2.2
- Information Ratio
- -0.57
- Tracking Error
- +3.2%
- Stdev Down
- +6.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +35.7%
- Worst 12 Months
- +8.4%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.46
- Stdev Sectors
- +9.3%
- Skewness
- -0.18
- Kurtosis
- +0.36
- Upside Potential
- +4.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 106 | $400.7M | 16 | ||
| 2026 Q1 | 104 | $365.2M | 14 | ||
| 2025 Q4 | 107 | $372.7M | 9 | ||
| 2025 Q3 | 108 | $366.3M | 23 | ||
| 2025 Q2 | 107 | $335.7M | 0 | ||
| 2025 Q1 | 107 | $314.5M | 100 | ||
| 2024 Q4 | 105 | $329.4M | 0 | ||
| 2024 Q3 | 107 | $321.6M | 0 | ||
| 2024 Q2 | 108 | $307.5M | 0 | ||
| 2024 Q1 | 103 | $284.0M | 0 | ||
| 2023 Q4 | 103 | $263.9M | 0 | ||
| 2023 Q3 | 105 | $244.4M | 0 | ||
| 2023 Q2 | 108 | $254.7M | 0 | ||
| 2023 Q1 | 107 | $236.5M | 0 | ||
| 2022 Q4 | 109 | $222.1M | 0 | ||
| 2022 Q3 | 109 | $206.9M | 0 | ||
| 2022 Q2 | 115 | $224.7M | 0 | ||
| 2022 Q1 | 117 | $261.9M | 0 | ||
| 2021 Q4 | 116 | $270.4M | 0 | ||
| 2021 Q3 | 115 | $246.9M | 0 | ||
| 2021 Q2 | 111 | $243.8M | 98 | ||
| 2021 Q1 | 116 | $233.4M | 15 | ||
| 2020 Q4 | 107 | $207.2M | 9 | ||
| 2020 Q3 | 105 | $200.3M | 14 | ||
| 2020 Q2 | 107 | $180.9M | 25 | ||
| 2020 Q1 | 103 | $145.5M | 27 | ||
| 2019 Q4 | 121 | $184.9M | 15 | ||
| 2019 Q3 | 118 | $174.9M | 11 | ||
| 2019 Q2 | 120 | $169.9M | 11 | ||
| 2019 Q1 | 114 | $160.9M | 16 | ||
| 2018 Q4 | 106 | $137.6M | 19 | ||
| 2018 Q3 | 108 | $145.5M | 10 | ||
| 2018 Q2 | 107 | $133.5M | 11 | ||
| 2018 Q1 | 101 | $126.0M | 18 | ||
| 2017 Q4 | 110 | $131.1M | 12 | ||
| 2017 Q3 | 110 | $122.3M | 9 | ||
| 2017 Q2 | 111 | $118.1M | 8 | ||
| 2017 Q1 | 107 | $115.9M | 21 | ||
| 2016 Q4 | 304 | $121.8M | 8 | ||
| 2016 Q3 | 308 | $119.9M | 11 | ||
| 2016 Q2 | 302 | $114.3M | 9 | ||
| 2016 Q1 | 301 | $110.5M | 12 | ||
| 2015 Q4 | 311 | $108.3M | 0 |
* 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.
Holding changes this quarter
Physicians Financial Services, Inc.'s most significant position changes for 2026-06-30: New buy: ; New buy: Corning Inc (GLW); Sold out: Honeywell International Inc (HON); New buy: RBC Bearings Inc (RBC); Trim: Caterpillar Inc (CAT) — shares -0.63%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CAT | Caterpillar Inc | +1.3% | -0.63% | Trim |
| 2 | GOOGL | Alphabet Inc-cl A | +0.8% | -0.33% | Trim |
| 3 | AMD | Advanced Micro Devices | +0.7% | — | Unchanged |
| 4 | AAPL | Apple Inc | +0.4% | -0.77% | Trim |
| 5 | AMZN | Amazon.com Inc | +0.4% | +2.69% | Add |
| 6 | CMI | Cummins Inc | +0.4% | -0.41% | Trim |
| 7 | LRCX | Lam Research CORP | +0.3% | — | Unchanged |
| 8 | LLY | Eli Lilly & Co | +0.3% | +4.47% | Add |
| 9 | CSCO | Cisco Systems Inc | +0.3% | — | Unchanged |
| 10 | AMAT | Applied Materials Inc | +0.2% | -1.26% | Trim |
| 11 | PANW | Palo Alto Networks Inc | +0.2% | +60.55% | Add |
| 12 | QCOM | Qualcomm Inc | +0.2% | -0.58% | Trim |
| 13 | AVGO | Broadcom Inc | +0.1% | -0.96% | Trim |
| 14 | GEV | GE Vernova Inc | +0.1% | — | Unchanged |
| 15 | TXN | Texas Instruments Inc | +0.1% | — | Unchanged |
| 16 | ✓ | +0.1% | NEW | New buy | |
| 17 | GLW | Corning Inc | +0.1% | NEW | New buy |
| 18 | GOOG | Alphabet Inc-cl C | +0.1% | — | Unchanged |
| 19 | NUE | Nucor CORP | +0.1% | — | Unchanged |
| 20 | V | Visa Inc-class A Shares | +0.1% | +0.45% | Add |
| 21 | RBC | RBC Bearings Inc | +0.1% | NEW | New buy |
| 22 | VGT | Vanguard Info Tech ETF | +0.1% | +699.74% | Add |
| 23 | ABBV | Abbvie Inc | 0% | -0.21% | Trim |
| 24 | IBM | Intl Business Machines CORP | 0% | — | Unchanged |
| 25 | ETN | Eaton Corporation plc | 0% | -0.49% | Trim |
| 26 | TROW | T Rowe Price Group Inc | 0% | — | Unchanged |
| 27 | GNRC | Generac Holdings Inc | 0% | — | Unchanged |
| 28 | DAL | Delta Air Lines Inc | 0% | — | Unchanged |
| 29 | GE | General Electric | 0% | — | Unchanged |
| 30 | DE | Deere & Co | 0% | -0.49% | Trim |
| 31 | BAC | Bank Of America CORP | 0% | — | Unchanged |
| 32 | ADP | Automatic Data Processing | 0% | +0.30% | Add |
| 33 | JPM | Jpmorgan Chase & Co | 0% | — | Unchanged |
| 34 | SBUX | Starbucks CORP | 0% | — | Unchanged |
| 35 | MAR | Marriott International -cl A | 0% | — | Unchanged |
| 36 | TSLA | Tesla Inc | 0% | — | Unchanged |
| 37 | RY | Royal Bank Of Canada | 0% | — | Unchanged |
| 38 | MMM | 3m Co | — | -0.85% | Trim |
| 39 | UNP | Union Pacific CORP | — | -1.32% | Trim |
| 40 | AXP | American Express Co | — | — | Unchanged |
| 41 | PM | Philip Morris International | — | — | Unchanged |
| 42 | FCNCA | First Citizens Bcshs -cl A | — | — | Unchanged |
| 43 | BA | Boeing Co/the | — | — | Unchanged |
| 44 | TGT | Target CORP | — | -1.08% | Trim |
| 45 | SHW | Sherwin-williams Co/the | — | — | Unchanged |
| 46 | PKG | Packaging CORP Of America | — | — | Unchanged |
| 47 | NSC | Norfolk Southern CORP | — | — | Unchanged |
| 48 | UL | Unilever PLC | — | — | Unchanged |
| 49 | PAYX | Paychex Inc | — | — | Unchanged |
| 50 | TTC | Toro Co | — | — | Unchanged |
1–50 of 107
Filing History
FAQ
What is Physicians Financial Services, Inc. and what type of investor is it?
Physicians Financial Services, Inc. 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 $400.7M, spread across 106 disclosed positions.
What are Physicians Financial Services, Inc.'s largest equity positions?
Based on the latest 13F filing, Physicians Financial Services, Inc.'s top holdings by market value are:
1. Apple Inc (AAPL) — $59.2M (14.8%)
2. Alphabet Inc-cl A (GOOGL) — $27.3M (6.8%)
3. Amazon.com Inc (AMZN) — $24.2M (6.0%)
4. Nvidia CORP (NVDA) — $20.9M (5.2%)
5. Caterpillar Inc (CAT) — $20.3M (5.1%)
What changes did Physicians Financial Services, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Physicians Financial Services, Inc. made 63 notable position adjustments: 3 new positions were initiated, 17 existing holdings were added to, 42 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; New buy: Corning Inc (GLW); Sold out: Honeywell International Inc (HON); New buy: RBC Bearings Inc (RBC); Trim: Caterpillar Inc (CAT) — shares -0.63%
What sectors does Physicians Financial Services, Inc. focus on?
Physicians Financial Services, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 34.2%
• Industrials: 15.9%
• Consumer Discretionary: 11.7%
• Consumer Staples: 10.4%
• Communication Services: 9.8%
• Health Care: 7.1%
Investment Profile
Physicians Financial Services, Inc. returned an annualized 18.9% over the trailing 36 months — underperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 34.2% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 16 over the past 4 quarters — a shift toward more active trading.
It has added to its CAT position over the past two quarters (+$9.4M, now $20.3M), while trimming NVDA over the same stretch (-$4.2M, still holding $20.9M).
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Developer Access
Access Physicians Financial Services, Inc.'s institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/physicians-financial-services-incCLI
npx alphasmo institutions get physicians-financial-services-inc