PHYSICIANS FINANCIAL SERVICES, INC.
Long book
$365.2M
Q1 2026
Positions
104
Top-10 weight
53%
concentration
Last quarter
+12.7%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsPHYSICIANS FINANCIAL SERVICES, INC. is a diversified fundamental manager, running a $365.2M US long book across 104 positions.
The portfolio is concentrated: the top 10 names carry 53% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, NVIDIA CORP, ALPHABET INC-CL A, AMAZON.COM INC, WALMART INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 5 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
+5.7%
Q2 2024
+6.6%
Q3 2024
+2.5%
Q4 2024
-5.1%
Q1 2025
+8.2%
Q2 2025
+9.9%
Q3 2025
+4.0%
Q4 2025
-2.5%
Q1 2026
+12.7%
Sector allocation
Technology 42%
Consumer discretionary 19%
Industrials 14%
Healthcare 7%
Services media 5%
Financials 4%
Consumer staples 3%
Energy 3%
Long book by quarter
What does PHYSICIANS FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 206.2K | $52.3M | 14.3% | -2.2% |
| NVDA NVIDIA CORP | Technology | 136.2K | $23.8M | 6.5% | +1.2% |
| GOOGL ALPHABET INC-CL A | Technology | 76.8K | $22.1M | 6.0% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 98.7K | $20.6M | 5.6% | -0.3% |
| WMT WALMART INC | Consumer discretionary | 157.8K | $19.6M | 5.4% | +0.3% |
| MSFT MICROSOFT CORP | Technology | 42.4K | $15.7M | 4.3% | +2.6% |
| CAT CATERPILLAR INC | Industrials | 19.2K | $13.6M | 3.7% | +1.1% |
| MA MASTERCARD INC - A | Services media | 18.1K | $9.0M | 2.5% | +0.3% |
| CVX CHEVRON CORP | Energy | 39.2K | $8.1M | 2.2% | +3.9% |
| META META PLATFORMS INC-CLASS A | Technology | 13.3K | $7.6M | 2.1% | +1.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 7.0K | $7.0M | 1.9% | +6.7% |
| CMI CUMMINS INC | Industrials | 12.3K | $6.6M | 1.8% | +1.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 20.4K | $6.3M | 1.7% | +1.7% |
| AMGN AMGEN INC | Healthcare | 17.0K | $6.0M | 1.6% | -0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 23.9K | $5.8M | 1.6% | +1.9% |
| LOW LOWE'S COS INC | Consumer discretionary | 22.6K | $5.3M | 1.5% | Held |
| DUK DUKE ENERGY CORP | Utilities | 40.7K | $5.3M | 1.5% | +16.2% |
| PH PARKER HANNIFIN CORP | Industrials | 5.8K | $5.2M | 1.4% | Held |
| V VISA INC-CLASS A SHARES | Services media | 16.6K | $5.0M | 1.4% | -2.0% |
| AVGO BROADCOM INC | Technology | 15.6K | $4.8M | 1.3% | -0.2% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 23.4K | $4.7M | 1.3% | +3.7% |
| KO COCA-COLA CO/THE | Consumer staples | 60.6K | $4.6M | 1.3% | +0.1% |
| LLY ELI LILLY & CO | Healthcare | 5.0K | $4.6M | 1.3% | +21.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 7.4K | $4.5M | 1.2% | +0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.0K | $4.3M | 1.2% | -0.5% |
| HD HOME DEPOT INC | Consumer discretionary | 12.7K | $4.2M | 1.1% | +7.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 27.5K | $4.0M | 1.1% | +12.9% |
| ORCL ORACLE CORP | Technology | 24.0K | $3.5M | 1.0% | +0.4% |
| PEP PEPSICO INC | Consumer staples | 21.4K | $3.3M | 0.9% | +4.8% |
| DE DEERE & CO | Industrials | 5.1K | $2.9M | 0.8% | +3.5% |
| RTX RTX CORP | Industrials | 14.3K | $2.8M | 0.8% | +1.9% |
| ABBV ABBVIE INC | Healthcare | 12.1K | $2.6M | 0.7% | +1.9% |
| CSCO CISCO SYSTEMS INC | Technology | 32.3K | $2.5M | 0.7% | +0.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 10.2K | $2.5M | 0.7% | +0.7% |
| JPM JPMORGAN CHASE & CO | Financials | 8.2K | $2.4M | 0.7% | +5.9% |
| GEV GE VERNOVA INC | Industrials | 2.7K | $2.3M | 0.6% | +23.6% |
| QCOM QUALCOMM INC | Technology | 17.3K | $2.2M | 0.6% | +5.3% |
| GOOG ALPHABET INC-CL C | Technology | 7.8K | $2.2M | 0.6% | Held |
| FDX FEDEX CORP | Industrials | 6.1K | $2.2M | 0.6% | +1.8% |
| MMM 3M CO | Healthcare | 14.8K | $2.1M | 0.6% | +3.4% |
| HSY HERSHEY CO/THE | Consumer staples | 10.1K | $2.1M | 0.6% | +2.0% |
| ETN EATON CORP PLC | Industrials | 5.1K | $1.8M | 0.5% | -19.4% |
| ITW ILLINOIS TOOL WORKS | Industrials | 6.5K | $1.7M | 0.5% | +1.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 7.8K | $1.6M | 0.4% | -0.6% |
| TFC TRUIST FINANCIAL CORP | Financials | 34.2K | $1.6M | 0.4% | -0.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 16.1K | $1.4M | 0.4% | +111.4% |
| LRCX LAM RESEARCH CORP | Industrials | 6.7K | $1.4M | 0.4% | Held |
| UNP UNION PACIFIC CORP | Industrials | 5.7K | $1.4M | 0.4% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 8.2K | $1.4M | 0.4% | +2.3% |
| MRK MERCK & CO. INC. | Healthcare | 11.0K | $1.3M | 0.4% | +1.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 105 | $365.2M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 107 | $372.7M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 108 | $336.3M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 107 | $335.7M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | May 7, 2025 | 107 | $314.5M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 106 | $314K | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 105 | $329.4M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 107 | $319.1M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 108 | $307.5M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 103 | $284.0M | $K fixed canonical | SEC ↗ |
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