NICHOLS & PRATT ADVISERS LLP /MA
SEC Form 13F institutional filer · CIK 0001141781
13F-HR · 87 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.47B
Top-10 concentration
55.2%
NICHOLS & PRATT ADVISERS LLP /MA — $1.47B AUM allocation strategy
NICHOLS & PRATT ADVISERS LLP /MA files SEC Form 13F and reports $1.47B of long US equity value across 87 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 14.5%, followed by Information Technology 13.8% and Communication Services 11.2%.
The top 10 holdings account for 55% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
NICHOLS & PRATT ADVISERS LLP /MA — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.47B
total across 87 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
55% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SNPS +9.06K sh · +$1000K+$ABT +7.95K sh · +$49K+$IQV +7.91K sh · −$5.44M
Biggest trims (shares)
−$KMI −23.1K sh · +$10.3M−$FISV −18.9K sh · −$4.53M−$GOOGL −17.9K sh · −$17.4M
Exited to nil (held last quarter, gone now)
$NOW ($265K last qtr)$AXP ($231K last qtr)$GIS ($205K last qtr)$APH ($203K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Pharmaceuticals11.5%—
- Technology Hardware, Storage & Peripherals9.1%—
- Interactive Media & Services8.5%—
- Soft Drinks & Non-alcoholic Beverages6.0%—
- Transaction & Payment Processing Services5.0%—
- Systems Software4.7%—
- Apparel Retail4.2%—
- Human Resource & Employment Services4.2%—
- Other holdings46.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 526K | $134M | -8.68K | 9.1% |
| $GOOGL | Alphabet Inc | 437K | $125M | -17.9K | 8.5% |
| $JNJ | Johnson & Johnson | 470K | $115M | -14.6K | 7.8% |
| $MA | Mastercard Incorporated | 146K | $73M | +1.02K | 5.0% |
| $MSFT | Microsoft Corporation | 188K | $69.4M | +5.37K | 4.7% |
| $TJX | TJX Companies Inc | 387K | $61.7M | -6.89K | 4.2% |
| $ADP | Automatic Data Processing Inc | 299K | $60.8M | -4.92K | 4.1% |
| $KMI | Kinder Morgan Inc | 1.81M | $60.6M | -23.1K | 4.1% |
| $PEP | PepsiCo Inc | 359K | $55.7M | +1.26K | 3.8% |
| $PG | Procter & Gamble Company | 378K | $54.5M | +1.93K | 3.7% |
…and 77 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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