NICHOLS & PRATT ADVISERS LLP /MA
Long book
$1.55B
Q1 2026
Positions
105
Top-10 weight
52%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsNICHOLS & PRATT ADVISERS LLP /MA is a diversified fundamental manager, running a $1.55B US long book across 105 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, ALPHABET INC-CL C, JOHNSON & JOHNSON, MASTERCARD INC - A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.9%
Q2 2024
+5.7%
Q3 2024
-0.7%
Q4 2024
-0.4%
Q1 2025
+1.2%
Q2 2025
+6.0%
Q3 2025
+2.4%
Q4 2025
-2.2%
Q1 2026
+9.9%
Sector allocation
Technology 33%
Healthcare 17%
Consumer discretionary 12%
Services media 7%
Consumer staples 6%
Other 6%
Utilities 5%
Industrials 4%
Long book by quarter
What does NICHOLS & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 526.4K | $133.6M | 8.6% | -1.6% |
| GOOG ALPHABET INC-CL C | Technology | 436.6K | $125.3M | 8.1% | -3.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 469.5K | $114.8M | 7.4% | -3.0% |
| MA MASTERCARD INC - A | Services media | 146.2K | $73.0M | 4.7% | +0.7% |
| MSFT MICROSOFT CORP | Technology | 187.6K | $69.4M | 4.5% | +2.9% |
| TJX TJX COMPANIES INC | Consumer discretionary | 386.6K | $61.7M | 4.0% | -1.8% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 299.3K | $60.8M | 3.9% | -1.6% |
| KMI KINDER MORGAN INC | Utilities | 1.8M | $60.6M | 3.9% | -1.3% |
| PEP PEPSICO INC | Consumer staples | 358.6K | $55.7M | 3.6% | +0.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 377.6K | $54.5M | 3.5% | +0.5% |
| MRK MERCK & CO. INC. | Healthcare | 446.6K | $53.7M | 3.5% | -1.1% |
| FAST FASTENAL CO | Consumer discretionary | 1.1M | $52.9M | 3.4% | -1.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 206.7K | $43.0M | 2.8% | +2.1% |
| CAT CATERPILLAR INC | Industrials | 57.7K | $40.9M | 2.6% | -4.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 798.7K | $40.1M | 2.6% | +0.6% |
| KO COCA-COLA CO/THE | Consumer staples | 433.6K | $33.0M | 2.1% | -1.5% |
| LIN LINDE PLC | Materials | 64.2K | $31.8M | 2.1% | +4.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 59.2K | $28.4M | 1.8% | -3.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 46.0K | $22.6M | 1.5% | +10.2% |
| IQV IQVIA HOLDINGS INC | Healthcare | 131.7K | $22.5M | 1.4% | +6.4% |
| QCOM QUALCOMM INC | Technology | 172.2K | $22.2M | 1.4% | -1.4% |
| INTU INTUIT INC | Technology | 51.1K | $22.1M | 1.4% | +0.5% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 63.7K | $18.5M | 1.2% | +2.5% |
| SO SOUTHERN CO/THE | Utilities | 186.3K | $18.0M | 1.2% | -0.1% |
| SNPS SYNOPSYS INC | Technology | 44.5K | $17.6M | 1.1% | +25.6% |
| SYK STRYKER CORP | Healthcare | 53.2K | $17.5M | 1.1% | +3.9% |
| FISV FISERV INC | Services media | 286.8K | $16.0M | 1.0% | -6.2% |
| ALC ALCON INC | Healthcare | 203.0K | $15.3M | 1.0% | +14.6% |
| MDT MEDTRONIC PLC | Healthcare | 156.4K | $13.6M | 0.9% | -1.1% |
| CSCO CISCO SYSTEMS INC | Technology | 173.6K | $13.5M | 0.9% | -4.6% |
| XOM EXXON MOBIL CORP | Energy | 74.9K | $12.7M | 0.8% | -0.5% |
| ACN ACCENTURE PLC-CL A | Services media | 44.0K | $8.7M | 0.6% | -12.3% |
| JPM JPMORGAN CHASE & CO | Financials | 22.7K | $6.7M | 0.4% | -0.2% |
| GE GENERAL ELECTRIC | Industrials | 23.1K | $6.6M | 0.4% | -0.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 6.0K | $5.9M | 0.4% | +2.1% |
| NVDA NVIDIA CORP | Technology | 31.5K | $5.5M | 0.4% | Held |
| ABBV ABBVIE INC | Healthcare | 24.4K | $5.3M | 0.3% | -0.8% |
| RTX RTX CORP | Industrials | 25.3K | $4.9M | 0.3% | +17.0% |
| GPN GLOBAL PAYMENTS INC | Services media | 72.0K | $4.8M | 0.3% | -11.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 41.9K | $4.3M | 0.3% | +23.4% |
| ECL ECOLAB INC | Other | 15.4K | $4.1M | 0.3% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 31.0K | $4.1M | 0.3% | -0.8% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 54.8K | $4.0M | 0.3% | +2.1% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 12.7K | $3.6M | 0.2% | +6.3% |
| GEV GE VERNOVA INC | Industrials | 3.9K | $3.4M | 0.2% | -0.3% |
| INTC INTEL CORP | Technology | 76.6K | $3.4M | 0.2% | -0.1% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 9.3K | $3.0M | 0.2% | +0.3% |
| V VISA INC-CLASS A SHARES | Services media | 8.7K | $2.6M | 0.2% | Held |
| MMM 3M CO | Healthcare | 15.5K | $2.3M | 0.1% | -0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 7.5K | $2.2M | 0.1% | -10.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 188 | $1.55B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 192 | $1.60B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 193 | $1.58B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 192 | $1.49B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 184 | $1.46B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 192 | $1.50B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 196 | $1.55B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 185 | $1.48B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 29, 2024 | 192 | $1.48B | canonical | SEC ↗ |
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