Physicians Financial Services, INC.

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$365.2M

Reporting period: 2026-03-31 · Number of holdings: 104

PHYSICIANS FINANCIAL SERVICES, INC. disclosed 104 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $365.2M and a quarterly turnover rate of 13.8%.

Personality snowflake

Concentration: 17.54
Portfolio Stability: 13.76
Momentum/Contrarian: 100
Sector conviction: 52.92
Diversification: 100
Sizing Uniformity: 81.04

Recent moves

Trim MSFT
+2.6%　-$4.3M
Trim AAPL
-2.2%　-$5.0M
Add CAT
+1.1%　$2.7M
Add CVX
+3.9%　$2.4M
Add WMT
+0.3%　$2.1M
Trim AMZN
-0.3%　-$2.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AAPL	Apple INC	Stock-Tech	14.33%	-1.05%	-2.22%
2	NVDA	Nvidia CORP	Stock-Tech	6.51%	-0.23%	+1.17%
3	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	6.04%	-0.41%	-0.11%
4	AMZN	Amazon.com INC	Stock-Consumer Disc	5.63%	-0.50%	-0.26%
5	WMT	Walmart INC	Stock-Consumer Staples	5.37%	+0.67%	+0.29%
6	MSFT	Microsoft CORP	Stock-Tech	4.29%	-1.07%	+2.62%
7	CAT	Caterpillar INC	Stock-Industrials	3.72%	+0.81%	+1.11%
8	MA	Mastercard INC - A	Stock-Financials	2.47%	-0.29%	+0.28%
9	CVX	Chevron CORP	Stock-Energy	2.22%	+0.68%	+3.87%
10	META	Meta Platforms Inc-class A	Stock-Comm Services	2.08%	-0.23%	+1.53%
11	COST	Costco Wholesale CORP	Stock-Consumer Staples	1.91%	+0.39%	+6.71%
12	CMI	Cummins INC	Stock-Industrials	1.82%	+0.15%	+0.98%
13	MCD	Mcdonald's CORP	Stock-Consumer Disc	1.74%	+0.09%	+1.69%
14	AMGN	Amgen INC	Stock-Healthcare	1.64%	+0.14%	-0.44%
15	JNJ	Johnson & Johnson	Stock-Healthcare	1.60%	+0.30%	+1.86%
16	LOW	Lowe's Cos INC	Stock-Consumer Disc	1.46%	—	—
17	DUK	Duke Energy CORP	Stock-Utilities	1.46%	+0.36%	+16.23%
18	PH	Parker Hannifin CORP	Stock-Industrials	1.43%	—	—
19	V	Visa Inc-class A Shares	Stock-Financials	1.37%	-0.22%	-1.95%
20	AVGO	Broadcom INC	Stock-Tech	1.32%	-0.13%	-0.19%
21	ADP	Automatic Data Processing	Stock-Tech	1.30%	-0.25%	+3.74%
22	KO	Coca-cola Co/the	Stock-Consumer Staples	1.26%	+0.12%	+0.10%
23	LLY	Eli Lilly & Co	Stock-Healthcare	1.25%	—	+21.28%
24	LMT	Lockheed Martin CORP	Stock-Industrials	1.23%	+0.27%	+0.18%
25	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.18%	-0.04%	-0.50%
26	HD	Home Depot INC	Stock-Consumer Disc	1.14%	—	+7.50%
27	PG	Procter & Gamble Co/the	Stock-Consumer Staples	1.09%	+0.15%	+12.90%
28	ORCL	Oracle CORP	Stock-Tech	0.97%	-0.28%	+0.42%
29	PEP	Pepsico INC	Stock-Consumer Staples	0.91%	+0.12%	+4.78%
30	DE	Deere & Co	Stock-Industrials	0.79%	+0.17%	+3.53%
31	RTX	Rtx CORP	Stock-Industrials	0.75%	+0.06%	+1.89%
32	ABBV	Abbvie INC	Stock-Healthcare	0.72%	—	+1.90%
33	CSCO	Cisco Systems INC	Stock-Tech	0.69%	—	+0.47%
34	IBM	Intl Business Machines CORP	Stock-Tech	0.67%	-0.13%	+0.73%
35	JPM	Jpmorgan Chase & Co	Stock-Financials	0.66%	—	+5.85%
36	GEV	GE Vernova INC	Stock-Industrials	0.64%	+0.26%	+23.64%
37	QCOM	Qualcomm INC	Stock-Tech	0.61%	-0.15%	+5.30%
38	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.61%	-0.04%	—
39	FDX	Fedex CORP	Stock-Industrials	0.60%	+0.13%	+1.82%
40	MMM	3m Co	Stock-Industrials	0.59%	—	+3.43%
41	HSY	Hershey Co/the	Stock-Consumer Staples	0.58%	+0.10%	+2.02%
42	EQIX	Equinix INC	Stock-Real Estate	0.53%	+0.12%	—
43	NVS	Novartis Ag-sponsored Adr	Stock-Healthcare	0.51%	—	—
44	ETN	Eaton Corporation plc	Stock-Industrials	0.50%	-0.04%	-19.36%
45	ITW	Illinois Tool Works	Stock-Industrials	0.46%	—	+1.57%
46	AMD	Advanced Micro Devices	Stock-Tech	0.44%	—	-0.62%
47	TFC	Truist Financial CORP	Stock-Financials	0.43%	—	-0.44%
48	SBUX	Starbucks CORP	Stock-Consumer Disc	0.40%	+0.23%	+111.39%
49	LRCX	Lam Research CORP	Stock-Tech	0.39%	+0.08%	—
50	UNP	Union Pacific CORP	Stock-Industrials	0.38%	—	—

1–50 of 104

Portfolio Performance

Performance for Q3 2026

+3%

Performance Last 4 Quarters

+27.1%

Based on 84% of reported portfolio value with available pricing

Stdev: +13%
Beta: +0.95
Alpha: +1%
Max Drawdown: -9.3%
Annualized Perf: +19.3%
Batting Avg vs S&P: +50%
Sortino: +2.81
Stutzer: +0.42
Treynor: +0.19
Sterling: +1.11
Calmar: +2.06
Information Ratio: +0.03
Tracking Error: +3.9%
Stdev Down: +6.6%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +39.8%
Worst 12 Months: +11.1%
Efficiency Ratio: +0.6
Sharpe: +1.43
Stdev Sectors: +8.8%
Skewness: -0.01
Kurtosis: +0.52
Upside Potential: +4.34

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	104	$365.2M	14	1AAPL 2NVDA 3GOOGL Top holdings2026-03-31 1.AAPL 2.NVDA 3.GOOGL 4.AMZN 5.WMT 6.MSFT 7.CAT 8.MA 9.CVX 10.META
2025-12-31	107	$372.7M	9	1AAPL 2NVDA 3GOOGL Top holdings2025-12-31 1.AAPL 2.NVDA 3.GOOGL 4.AMZN 5.MSFT 6.WMT 7.CAT 8.MA 9.META 10.CMI
2025-09-30	108	$366.3M	23	1AAPL 2NVDA 3AMZN Top holdings2025-09-30 1.AAPL 2.NVDA 3.AMZN 4.MSFT 5.GOOGL 6.WMT 7.MA 8.META 9.CAT 10.ORCL
2025-06-30	107	$335.7M	0	1AAPL 2NVDA 3AMZN Top holdings2025-06-30 1.AAPL 2.NVDA 3.AMZN 4.MSFT 5.WMT 6.GOOGL 7.MA 8.META 9.CAT 10.ADP
2025-03-31	107	$314.5M	100	1AAPL 2AMZN 3MSFT Top holdings2025-03-31 1.AAPL 2.AMZN 3.MSFT 4.NVDA 5.WMT 6.GOOGL 7.MA 8.META 9.ADM 10.CVX
2024-12-31	105	$329.4M	0	1AAPL 2AMZN 3NVDA Top holdings2024-12-31 1.AAPL 2.AMZN 3.NVDA 4.MSFT 5.GOOGL 6.WMT 7.MA 8.META 9.ADP 10.CAT
2024-09-30	107	$321.6M	0	1AAPL 2MSFT 3NVDA Top holdings2024-09-30 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.GOOGL 6.WMT 7.MA 8.META 9.CAT 10.LOW
2024-06-30	108	$307.5M	0	1AAPL 2MSFT 3NVDA Top holdings2024-06-30 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.GOOGL 6.WMT 7.MA 8.META 9.CAT 10.CVX
2024-03-31	103	$284.0M	0	1AAPL 2MSFT 3AMZN Top holdings2024-03-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.NVDA 6.WMT 7.MA 8.CAT 9.LOW 10.META
2023-12-31	103	$263.9M	0	1AAPL 2MSFT 3AMZN Top holdings2023-12-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.MA 7.NVDA 8.MCD 9.LOW 10.CAT
2023-09-30	105	$244.4M	0	1AAPL 2MSFT 3AMZN Top holdings2023-09-30 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.MA 7.CVX 8.NVDA 9.ADP 10.MCD
2023-06-30	108	$254.7M	0	1AAPL 2MSFT 3AMZN Top holdings2023-06-30 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.MA 7.MCD 8.CVX 9.NVDA 10.LOW
2023-03-31	107	$236.5M	0	1AAPL 2MSFT 3AMZN Top holdings2023-03-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.MA 7.CVX 8.MCD 9.ADP 10.LOW
2022-12-31	109	$222.1M	0	1AAPL 2MSFT 3AMZN Top holdings2022-12-31 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.GOOGL 6.CVX 7.MA 8.ADP 9.MCD 10.JNJ
2022-09-30	109	$206.9M	0	1AAPL 2AMZN 3MSFT Top holdings2022-09-30 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.ADP 7.CVX 8.MA 9.LOW 10.JNJ
2022-06-30	115	$224.7M	0	1AAPL 2MSFT 3AMZN Top holdings2022-06-30 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.MA 7.CVX 8.JNJ 9.MCD 10.ADP
2022-03-31	117	$261.9M	0	1AAPL 2AMZN 3MSFT Top holdings2022-03-31 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.MA 7.CVX 8.ADP 9.LOW 10.JNJ
2021-12-31	116	$270.4M	0	1AAPL 2AMZN 3MSFT Top holdings2021-12-31 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.LOW 7.MA 8.ADP 9.MCD 10.HD
2021-09-30	115	$246.9M	0	1AAPL 2AMZN 3MSFT Top holdings2021-09-30 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.MA 7.LOW 8.MCD 9.ADP 10.BA
2021-06-30	111	$243.8M	98	1AAPL 2AMZN 3MSFT Top holdings2021-06-30 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.MA 7.LOW 8.JNJ 9.BA 10.MCD
2021-03-31	116	$233.4M	15	1AAPL 2AMZN 3MSFT Top holdings2021-03-31 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.MA 7.LOW 8.BA 9.JNJ 10.MCD
2020-12-31	107	$207.2M	9	1AAPL 2AMZN 3MSFT Top holdings2020-12-31 1.AAPL 2.AMZN 3.MSFT 4.WMT 5.GOOGL 6.MA 7.LOW 8.MCD 9.V 10.JNJ
2020-09-30	105	$200.3M	14	1AAPL 2AMZN 3MSFT Top holdings2020-09-30 1.AAPL 2.AMZN 3.MSFT 4.WMT 5.MA 6.GOOGL 7.LOW 8.MCD 9.JNJ 10.V
2020-06-30	107	$180.9M	25	1AAPL 2AMZN 3MSFT Top holdings2020-06-30 1.AAPL 2.AMZN 3.MSFT 4.GOOGL 5.WMT 6.MA 7.LOW 8.JNJ 9.V 10.MCD
2020-03-31	103	$145.5M	27	1AAPL 2AMZN 3MSFT Top holdings2020-03-31 1.AAPL 2.AMZN 3.MSFT 4.WMT 5.MA 6.GOOGL 7.JNJ 8.V 9.MCD 10.VZ
2019-12-31	121	$184.9M	15	1AAPL 2AMZN 3MSFT Top holdings2019-12-31 1.AAPL 2.AMZN 3.MSFT 4.BA 5.WMT 6.MA 7.GOOGL 8.V 9.JNJ 10.LOW
2019-09-30	118	$174.9M	11	1AAPL 2AMZN 3BA Top holdings2019-09-30 1.AAPL 2.AMZN 3.BA 4.WMT 5.MSFT 6.MA 7.GOOGL 8.MCD 9.XOM 10.V
2019-06-30	120	$169.9M	11	1AAPL 2AMZN 3BA Top holdings2019-06-30 1.AAPL 2.AMZN 3.BA 4.MSFT 5.WMT 6.MA 7.XOM 8.MCD 9.JNJ 10.V
2019-03-31	114	$160.9M	16	1AAPL 2AMZN 3BA Top holdings2019-03-31 1.AAPL 2.AMZN 3.BA 4.XOM 5.WMT 6.MSFT 7.MA 8.JNJ 9.GOOGL 10.MCD
2018-12-31	106	$137.6M	19	1AAPL 2AMZN 3BA Top holdings2018-12-31 1.AAPL 2.AMZN 3.BA 4.WMT 5.XOM 6.MSFT 7.JNJ 8.MCD 9.VZ 10.GOOGL
2018-09-30	108	$145.5M	10	1AAPL 2AMZN 3BA Top holdings2018-09-30 1.AAPL 2.AMZN 3.BA 4.XOM 5.WMT 6.MSFT 7.GOOGL 8.CVX 9.MA 10.JNJ
2018-06-30	107	$133.5M	11	1AAPL 2AMZN 3BA Top holdings2018-06-30 1.AAPL 2.AMZN 3.BA 4.XOM 5.WMT 6.CVX 7.GOOGL 8.MSFT 9.VZ 10.KO
2018-03-31	101	$126.0M	18	1AAPL 2AMZN 3BA Top holdings2018-03-31 1.AAPL 2.AMZN 3.BA 4.XOM 5.WMT 6.CVX 7.KO 8.GOOGL 9.MSFT 10.JNJ
2017-12-31	110	$131.1M	12	1AAPL 2XOM 3BA Top holdings2017-12-31 1.AAPL 2.XOM 3.BA 4.AMZN 5.WMT 6.JNJ 7.MMM 8.LOW 9.CVX 10.KO
2017-09-30	110	$122.3M	9	1AAPL 2XOM 3BA Top holdings2017-09-30 1.AAPL 2.XOM 3.BA 4.WMT 5.AMZN 6.JNJ 7.KO 8.CVX 9.MMM 10.GOOGL
2017-06-30	111	$118.1M	8	1AAPL 2XOM 3AMZN Top holdings2017-06-30 1.AAPL 2.XOM 3.AMZN 4.WMT 5.JNJ 6.BA 7.KO 8.MMM 9.MCD 10.LOW
2017-03-31	107	$115.9M	21	1AAPL 2XOM 3WMT Top holdings2017-03-31 1.AAPL 2.XOM 3.WMT 4.JNJ 5.AMZN 6.LOW 7.BA 8.KO 9.CVX 10.MMM
2016-12-31	304	$121.8M	8	1AAPL 2XOM 3WMT Top holdings2016-12-31 1.AAPL 2.XOM 3.WMT 4.JNJ 5.KO 6.LOW 7.CVX 8.MMM 9.AMZN 10.AEP
2016-09-30	308	$119.9M	11	1AAPL 2XOM 3WMT Top holdings2016-09-30 1.AAPL 2.XOM 3.WMT 4.JNJ 5.KO 6.AMZN 7.LOW 8.CVX 9.MMM 10.PG
2016-06-30	302	$114.3M	9	1AAPL 2XOM 3WMT Top holdings2016-06-30 1.AAPL 2.XOM 3.WMT 4.JNJ 5.KO 6.LOW 7.CVX 8.MMM 9.AMZN 10.MCD
2016-03-31	301	$110.5M	12	1AAPL 2XOM 3KO Top holdings2016-03-31 1.AAPL 2.XOM 3.KO 4.WMT 5.JNJ 6.LOW 7.MMM 8.MCD 9.CVX 10.AEP
2015-12-31	311	$108.3M	0	1AAPL 2XOM 3KO Top holdings2015-12-31 1.AAPL 2.XOM 3.KO 4.WMT 5.LOW 6.JNJ 7.VYM 8.AEP 9.MCD 10.MMM

Holding changes this quarter

Physicians Financial Services, INC.'s most significant position changes for 2026-03-31: Sold out: Adobe INC (ADBE); New buy: Southern Co/the (SO); Sold out: Intuit INC (INTU); Sold out: Becton Dickinson And Co (BDX); Sold out: Check Point Software Technologies Ltd. (CHKP).

Position changes disclosed by Physicians Financial Services, INC. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	CAT	Caterpillar INC	+0.8%	+1.11%	Add
2	CVX	Chevron CORP	+0.7%	+3.87%	Add
3	WMT	Walmart INC	+0.7%	+0.29%	Add
4	COST	Costco Wholesale CORP	+0.4%	+6.71%	Add
5	DUK	Duke Energy CORP	+0.4%	+16.23%	Add
6	JNJ	Johnson & Johnson	+0.3%	+1.86%	Add
7	LMT	Lockheed Martin CORP	+0.3%	+0.18%	Add
8	GEV	GE Vernova INC	+0.3%	+23.64%	Add
9	SBUX	Starbucks CORP	+0.2%	+111.39%	Add
10	DE	Deere & Co	+0.2%	+3.53%	Add
11	PG	Procter & Gamble Co/the	+0.2%	+12.90%	Add
12	CMI	Cummins INC	+0.2%	+0.98%	Add
13	AMGN	Amgen INC	+0.1%	-0.44%	Trim
14	FDX	Fedex CORP	+0.1%	+1.82%	Add
15	EQIX	Equinix INC	+0.1%	—	Unchanged
16	PEP	Pepsico INC	+0.1%	+4.78%	Add
17	KO	Coca-cola Co/the	+0.1%	+0.10%	Add
18	APA	Apa CORP	+0.1%	—	Unchanged
19	HSY	Hershey Co/the	+0.1%	+2.02%	Add
20	MCD	Mcdonald's CORP	+0.1%	+1.69%	Add
21	LRCX	Lam Research CORP	+0.1%	—	Unchanged
22	AMAT	Applied Materials INC	+0.1%	+3.19%	Add
23	RTX	Rtx CORP	+0.1%	+1.89%	Add
24	BRK-B	Berkshire Hathaway Inc-cl B	0%	-0.50%	Trim
25	GOOG	Alphabet Inc-cl C	0%	—	Unchanged
26	ETN	Eaton Corporation plc	0%	-19.36%	Trim
27	AXP	American Express Co	-0.1%	+3.93%	Add
28	PLTR	Palantir Technologies Inc-a	-0.1%	-6.55%	Trim
29	AVGO	Broadcom INC	-0.1%	-0.19%	Trim
30	IBM	Intl Business Machines CORP	-0.1%	+0.73%	Add
31	QCOM	Qualcomm INC	-0.2%	+5.30%	Add
32	V	Visa Inc-class A Shares	-0.2%	-1.95%	Trim
33	NVDA	Nvidia CORP	-0.2%	+1.17%	Add
34	META	Meta Platforms Inc-class A	-0.2%	+1.53%	Add
35	ADP	Automatic Data Processing	-0.3%	+3.74%	Add
36	ORCL	Oracle CORP	-0.3%	+0.42%	Add
37	MA	Mastercard INC - A	-0.3%	+0.28%	Add
38	GOOGL	Alphabet Inc-cl A	-0.4%	-0.11%	Trim
39	AMZN	Amazon.com INC	-0.5%	-0.26%	Trim
40	AAPL	Apple INC	-1.1%	-2.22%	Trim
41	MSFT	Microsoft CORP	-1.1%	+2.62%	Add
42	ADBE	Adobe INC	—	EXIT	Sold out
43	SO	Southern Co/the	—	NEW	New buy
44	INTU	Intuit INC	—	EXIT	Sold out
45	BDX	Becton Dickinson And Co	—	EXIT	Sold out
46	CHKP	Check Point Software Technologies Ltd.	—	EXIT	Sold out
47	TTC	Toro Co	—	NEW	New buy
48	GPC	Genuine Parts Co	—	EXIT	Sold out
49	HON	Honeywell International INC	—	NEW	New buy
50	GIS	General Mills INC	—	EXIT	Sold out

FAQ

What is Physicians Financial Services, INC. and what type of investor is it?

Physicians Financial Services, INC. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $365.2M, spread across 104 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) — $52.3M (14.3%) 2. Nvidia CORP (NVDA) — $23.8M (6.5%) 3. Alphabet Inc-cl A (GOOGL) — $22.1M (6.0%) 4. Amazon.com INC (AMZN) — $20.6M (5.6%) 5. Walmart INC (WMT) — $19.6M (5.4%)

What changes did Physicians Financial Services, INC. make in its most recent portfolio filing?

In the latest reported quarter, Physicians Financial Services, INC. made 46 notable position adjustments: 3 new positions were initiated, 28 existing holdings were added to, 9 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Adobe INC (ADBE); New buy: Southern Co/the (SO); Sold out: Intuit INC (INTU); Sold out: Becton Dickinson And Co (BDX); Sold out: Check Point Software Technologies Ltd. (CHKP)

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: 32.8% • Industrials: 14.3% • Consumer Staples: 11.9% • Consumer Discretionary: 11.9% • Communication Services: 9.2% • Financials: 7.6%