# ARGUS INVESTORS' COUNSEL, INC.

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 7195. Source: https://holderbook.com/funds/7195-argus-investors-counsel-inc/

- Reported value: $128.6M
- Positions: 106
- Weight of the ten largest: 37.9%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.3M | 27,795 | 4.9% | 32 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $5.3M | 10,403 | 4.1% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.3M | 15,396 | 4.1% | 32 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.3M | 15,819 | 4.1% | 32 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $4.7M | 11,909 | 3.7% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $4.7M | 7,253 | 3.6% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.6M | 4,011 | 3.6% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.5M | 13,461 | 3.5% | 32 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.2M | 5,761 | 3.2% | 14 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.9M | 4,252 | 3.0% | 32 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $3.5M | 7,637 | 2.7% | 12 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $3.2M | 3,177 | 2.5% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.9M | 11,795 | 2.3% | 32 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.8M | 7,755 | 2.2% | 32 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $2.7M | 13,026 | 2.1% | 8 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $2.5M | 22,394 | 2.0% | 2 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.5M | 2,374 | 2.0% | 9 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.4M | 6,162 | 1.9% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.3M | 29,151 | 1.8% | 19 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $2.2M | 8,283 | 1.7% | 9 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $2.2M | 6,420 | 1.7% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.1M | 4,571 | 1.6% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0M | 3,831 | 1.5% | 32 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.9M | 3,568 | 1.5% | 2 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.7M | 5,106 | 1.3% | 32 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $1.5M | 17,846 | 1.2% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.5M | 3,805 | 1.2% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.3M | 3,751 | 1.0% | 20 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.3M | 6,637 | 1.0% | 11 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $1.3M | 7,873 | 1.0% | 2 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $1.3M | 19,662 | 1.0% | 3 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.1M | 6,692 | 0.8% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.0M | 3,413 | 0.8% | 32 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.0M | 3,216 | 0.8% | 6 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.0M | 3,056 | 0.8% | 3 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $945.1K | 5,149 | 0.7% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $941.5K | 13,742 | 0.7% | 6 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $909.6K | 7,262 | 0.7% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $881.1K | 3,328 | 0.7% | 32 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $880.2K | 1,596 | 0.7% | 23 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $873.9K | 6,042 | 0.7% | 8 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $838.2K | 6,335 | 0.7% | 17 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $660.5K | 1,567 | 0.5% | 32 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $643.0K | 673 | 0.5% | 11 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $636.0K | 6,912 | 0.5% | 22 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $619.0K | 917 | 0.5% | 4 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $614.1K | 5,413 | 0.5% | 9 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $596.3K | 7,092 | 0.5% | 8 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $592.0K | 3,391 | 0.5% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $569.4K | 2,033 | 0.4% | 32 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $558.9K | 588 | 0.4% | 1 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $543.7K | 2,404 | 0.4% | 4 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $531.1K | 622 | 0.4% | 12 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $509.9K | 1,930 | 0.4% | 5 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $508.5K | 2,002 | 0.4% | 6 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $507.1K | 4,448 | 0.4% | 15 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $489.6K | 4,713 | 0.4% | 16 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $480.6K | 9,414 | 0.4% | 23 |
| VALUED ADVISERS TR | [MBSF](https://holderbook.com/stocks/MBSF/) | $477.9K | 18,807 | 0.4% | 1 |
| DOUBLELINE ETF TRUST | [DMBS](https://holderbook.com/stocks/DMBS/) | $465.0K | 10,040 | 0.4% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $459.3K | 2,073 | 0.4% | 3 |
| BONDBLOXX ETF TRUST | [BBBS](https://holderbook.com/stocks/BBBS/) | $454.5K | 9,116 | 0.4% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $445.7K | 5,691 | 0.3% | 24 |
| BONDBLOXX ETF TRUST | [XHLF](https://holderbook.com/stocks/XHLF/) | $431.9K | 8,596 | 0.3% | 11 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $431.8K | 5,209 | 0.3% | 10 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $429.3K | 2,717 | 0.3% | 14 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $428.8K | 2,741 | 0.3% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $418.8K | 1,141 | 0.3% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $400.7K | 1,442 | 0.3% | 23 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $378.7K | 2,065 | 0.3% | 2 |
| INVESCO EXCH TRADED FD TR II | [PGX](https://holderbook.com/stocks/PGX/) | $370.9K | 36,834 | 0.3% | 25 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $369.3K | 8,052 | 0.3% | 32 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $365.8K | 5,257 | 0.3% | 20 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $363.2K | 3,495 | 0.3% | 32 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $362.3K | 3,366 | 0.3% | 32 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $355.5K | 2,312 | 0.3% | 32 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $351.5K | 459 | 0.3% | 25 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $343.6K | 1,470 | 0.3% | 32 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $309.0K | 1,000 | 0.2% | 12 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $302.8K | 1,186 | 0.2% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $302.6K | 1,630 | 0.2% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $302.3K | 5,233 | 0.2% | 32 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $295.3K | 9,077 | 0.2% | 23 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $294.3K | 1,401 | 0.2% | 2 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $283.8K | 1,830 | 0.2% | 32 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $282.8K | 1,580 | 0.2% | 32 |
| INTERNATIONAL PAPER CO | [IP](https://holderbook.com/stocks/IP/) | $274.8K | 8,285 | 0.2% | 32 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $274.6K | 1,460 | 0.2% | 32 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $267.6K | 330 | 0.2% | 32 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $262.7K | 1,808 | 0.2% | 32 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $259.6K | 730 | 0.2% | 14 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $259.3K | 2,623 | 0.2% | 26 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $258.8K | 930 | 0.2% | 32 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $258.5K | 3,693 | 0.2% | 1 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $254.6K | 571 | 0.2% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $251.2K | 2,395 | 0.2% | 32 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $243.6K | 947 | 0.2% | 32 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $238.6K | 1,085 | 0.2% | 9 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $234.9K | 1,435 | 0.2% | 28 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $234.4K | 476 | 0.2% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +17.0% | +14.8% | +2.2% | 100% |
| Q1 2026 | -4.3% | -4.6% | +0.4% | 100% |
| Q4 2025 | -0.3% | +2.4% | -2.7% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +11.7% | +10.5% | +1.3% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | +1.3% | +2.1% | -0.9% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $128.6M | 106 |
| Q2 2026 | $129.9M | 106 |
| Q1 2026 | $112.5M | 102 |
| Q4 2025 | $125.2M | 105 |
| Q3 2025 | $125.8M | 110 |
| Q2 2025 | $140.9M | 111 |
| Q1 2025 | $131.3M | 114 |
| Q4 2024 | $149.8M | 117 |
| Q3 2024 | $153.3M | 111 |
| Q2 2024 | $162.7M | 107 |
| Q1 2024 | $162.9M | 108 |
| Q4 2023 | $155.8M | 98 |