Stocks/Funds/CIK 1665518

PHYSICIANS FINANCIAL SERVICES, INC.

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1665518
Assets
$365M
+18.8% YoY
Holdings
104
Lifetime alpha vs market
-1.04% annual
Average hold time
8.1 yr
median 10.5 yr

Quarterly history

Cum return +69% vs S&P +78% · α -10% lifetimeAUM $365M · peak $373MFlow $-0M (-0%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-2.68%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.64%
baseline attrition
Rally response
+0.33%
adds into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
AAPLApple Inc.$52M14.3%+14.7%10.5 yr
NVDANVIDIA Corporation$24M6.5%+60.9%7.3 yr
GOOGLAlphabet Inc.$22M6.0%10.5 yr
AMZNAmazon.com, Inc.$21M5.6%+9.5%10.5 yr
WMTWalmart Inc.$20M5.4%+42.8%10.5 yr
MSFTMicrosoft Corporation$16M4.3%-0.6%10.5 yr
CATCaterpillar Inc.$14M3.7%+117.8%10.5 yr
MAMastercard Incorporated$9M2.5%-8.5%10.5 yr
CVXChevron Corporation$8M2.2%+29.2%10.5 yr
METAMeta Platforms, Inc.$8M2.1%-0.4%5.8 yr
COSTCostco Wholesale Corpora$7M1.9%+5.9%10.5 yr
CMICummins Inc.$7M1.8%+74.8%10.5 yr
MCDMcDonald's Corporation$6M1.7%+1.8%10.5 yr
AMGNAmgen Inc.$6M1.6%+16.5%10.5 yr
JNJJohnson & Johnson$6M1.6%+51.5%10.5 yr

Portfolio composition (YoY)

Industry mix
Consumer Electronics14.3%-1.6pp$52M
Semiconductors9.9%+2.1pp$36M
Internet Content & Information8.7%+1.8pp$32M
Discount Stores7.6%+0.6pp$28M
Drug Manufacturers - General6.4%+0.3pp$23M
Specialty Retail5.6%-0.8pp$21M
Software - Infrastructure5.6%-1.3pp$20M
Agricultural - Machinery4.5%+1.6pp$16M
Industrial - Machinery4.5%+0.7pp$16M
Financial - Credit Services4.2%-1.4pp$15M
Country
US98.5%+0.1pp
IE0.6%-0.0pp
CH0.5%+0.0pp
JP0.3%-0.0pp
GB0.1%-0.1pp
CA0.1%
Top 5: 37.9% · Top 10: 52.6% · Top 25: 74.6%

Winners

TickerPrev $PnLYoY %
NVDA$15M+0.01B60.9%
CAT$6M+0.01B117.8%
AAPL$49M+0.01B14.7%
WMT$14M+0.01B42.8%
CMI$4M+0.00B74.8%

Losers

TickerPrev $PnLYoY %
MA$10M-0.00B-8.5%
V$6M-0.00B-13.1%
PG$4M-0.00B-12.9%
HD$4M-0.00B-8.0%
MSFT$16M-0.00B-0.6%

Top buys this quarter · 15

LLY Eli Lilly and Company+$1M
SBUX Starbucks Corporation+$1M
DUK Duke Energy Corporation+$1M
PG The Procter & Gamble Company+$0M
GEV GE Vernova Inc.+$0M
COST Costco Wholesale Corporation+$0M
MSFT Microsoft Corporation+$16M
CVX Chevron Corporation+$0M
HD The Home Depot, Inc.+$0M
NVDA NVIDIA Corporation+$24M

Top sells this quarter · 15

ADBE Adobe Inc.exit$2M
AAPL Apple Inc.$1M
ETN Eaton Corporation plc$0M
GPC Genuine Parts Companyexit$0M
BDX Becton, Dickinson and Companyexit$0M
CHKP Check Point Software Technologexit$0M
GIS General Mills, Inc.exit$0M
INTU Intuit Inc.exit$0M
VZ Verizon Communications Inc.$1M
V Visa Inc.$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$365M104+18.78%+17.59%+1.19%-0.00B
2025-12-31$373M107+15.38%+17.72%-2.34%-0.00B
2025-09-30$366M108+14.58%+17.52%-2.93%+0.00B
2025-06-30$336M107+13.02%+14.94%-1.93%+0.00B
2025-03-31$307M106+8.39%+8.30%+0.08%-0.01B
2024-12-31$329M105+20.37%+24.89%-4.52%+0.00B
2024-09-30$322M107+30.40%+36.04%-5.64%-0.01B
2024-06-30$307M108+15.45%+24.49%-9.04%+0.01B
2024-03-31$284M103+19.63%+29.62%-10.00%+0.00B
2023-12-31$264M103+21.18%+26.18%-5.00%-0.01B
2023-09-30$244M105+19.10%+21.57%-2.47%+0.00B
2023-06-30$255M108+19.87%+19.42%+0.45%+0.00B
2023-03-31$237M107-3.79%-7.82%+4.03%-0.00B
2022-12-31$222M109+8.63%+7.56%+1.07%-0.00B
2022-09-30$207M109-4.25%-4.93%+0.68%-0.01B
2022-06-30$225M115-13.69%-16.11%+2.42%-0.00B