ARGUS INVESTORS' COUNSEL, INC.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLIED MATLS INC | AMAT | $7.6M | 10,528 | +2.57pp | 18q | -2.9%-$224.1K | |
| NVIDIA CORPORATION | NVDA | $5.6M | 27,799 | -0.13pp | 31q | -2.4%-$135.1K | |
| ALPHABET INC | GOOGL | $5.5M | 15,356 | +0.16pp | 31q | -3.4%-$194.8K | |
| QUANTA SVCS INC | PWR | $5.4M | 7,443 | +0.34pp | 14q | -4.0%-$225.4K | |
| ELI LILLY & CO | LLY | $4.8M | 3,987 | +0.36pp | 24q | -1.9%-$91.2K | |
| ANALOG DEVICES INC | ADI | $4.7M | 11,932 | +0.17pp | 30q | -2.9%-$142.2K | |
| APPLE INC | AAPL | $4.6M | 15,813 | -0.17pp | 31q | -3.5%-$164.9K | |
| JPMORGAN CHASE & CO | JPM | $4.4M | 13,476 | -0.22pp | 31q | -2.5%-$113.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $4.0M | 4,244 | -0.79pp | 31q | -2.3%-$92.6K | |
| TRANE TECHNOLOGIES PLC | TT | $3.7M | 7,618 | -0.01pp | 11q | -2.5%-$96.8K | |
| UNITED RENTALS INC | URI | $3.6M | 3,196 | +0.66pp | 14q | -2.9%-$107.6K | |
| META PLATFORMS INC | META | $3.3M | 5,815 | -0.51pp | 13q | -2.5%-$85.6K | |
| AMAZON COM INC | AMZN | $2.8M | 11,769 | -0.08pp | 31q | -2.7%-$76.7K | |
| VISA INC | V | $2.7M | 7,810 | -0.10pp | 31q | -3.0%-$83.4K | |
| WELLS FARGO & CO | WFC | $2.4M | 29,328 | -0.28pp | 18q | -3.4%-$84.9K | |
| BLACKROCK INC | BLK | $2.3M | 2,392 | -0.32pp | 8q | -2.3%-$54.8K | |
| SCHWAB CHARLES CORP | SCHW | $2.3M | 24,598 | -0.58pp | 13q | -11.9%-$305.3K | |
| TARGA RES CORP | TRGP | $2.2M | 8,333 | -0.15pp | 8q | -0.5%-$11.3K | |
| ARISTA NETWORKS INC | ANET | $2.2M | 13,108 | +0.25pp | 7q | -2.6%-$59.5K | |
| ORACLE CORP | ORCL | $2.1M | 14,585 | -0.31pp | 9q | -2.7%-$59.4K | |
| PALO ALTO NETWORKS INC | PANW | $2.1M | 6,185 | +0.71pp | 4q | -3.6%-$78.8K | |
| KLA CORP | KLAC | $2.0M | 6,517 | +0.62pp | 10q | +852.8%+$1.8M | |
| GENERAL DYNAMICS CORP | GD | $1.8M | 5,106 | -0.19pp | 31q | -1.7%-$30.8K | |
| S&P GLOBAL INC | SPGI | $1.7M | 4,124 | -0.30pp | 22q | -2.4%-$41.1K | |
| SNOWFLAKE INC | SNOW | $1.6M | 6,448 | +0.38pp | 2q | -2.5%-$41.2K | |
| DELL TECHNOLOGIES INC | DELL | $1.4M | 3,341 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $1.4M | 3,761 | -0.16pp | 31q | HELD | |
| NEW YORK TIMES CO MTN BE | NYT | $1.4M | 19,719 | -0.30pp | 2q | +7.6%+$97.4K | |
| BROADCOM INC | AVGO | $1.4M | 3,645 | +0.05pp | 19q | -0.9%-$12.1K | |
| LAM RESEARCH CORP | LRCX | $1.3M | 3,104 | +0.44pp | 2q | -0.7%-$10.0K | |
| CONSTELLATION ENERGY CORP | CEG | $1.3M | 5,248 | -0.25pp | 5q | +3.9%+$48.4K | |
| DEXCOM INC | DXCM | $1.2M | 17,876 | -0.10pp | 2q | -2.6%-$31.8K | |
| AMERICAN EXPRESS CO | AXP | $1.2M | 3,466 | -0.03pp | 31q | HELD | |
| GE AEROSPACE | GE | $1.1M | 3,067 | +0.10pp | 5q | -0.6%-$7.1K | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $1.1M | 7,893 | - | new | NEW | |
| UBER TECHNOLOGIES INC | UBER | $963.3K | 13,350 | +0.05pp | 5q | +22.7%+$178.5K | |
| TJX COS INC NEW | TJX | $962.6K | 6,354 | -0.10pp | 16q | +7.7%+$68.8K | |
| DOORDASH INC | DASH | $957.3K | 5,188 | +0.02pp | 4q | -3.0%-$29.5K | |
| ISHARES TR | IWF | $917.6K | 7,390 | -0.09pp | 24q | +253.4%+$658.0K | |
| BANK OF NY MELLON CORP | BNY | $883.9K | 6,112 | +0.03pp | 7q | -0.6%-$5.6K | |
| WALMART INC | WMT | $880.4K | 7,773 | -0.18pp | 31q | HELD | |
| JOHNSON & JOHNSON | JNJ | $792.4K | 3,120 | -0.05pp | 31q | +3.4%+$26.2K | |
| MASTERCARD INCORPORATED | MA | $781.8K | 1,522 | -0.08pp | 22q | HELD | |
| MARVELL TECHNOLOGY INC | MRVL | $705.4K | 2,368 | +0.33pp | 4q | HELD | |
| PARKER-HANNIFIN CORP | PH | $668.1K | 683 | -0.04pp | 10q | -1.2%-$7.8K | |
| HOWMET AEROSPACE INC | HWM | $654.9K | 2,436 | flat | 3q | -0.7%-$4.8K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $639.9K | 1,340 | +0.10pp | 11q | +1.4%+$9.1K | |
| ISHARES TR | IEI | $626.9K | 5,338 | -0.07pp | 8q | +1.8%+$10.8K | |
| TEXAS INSTRS INC | TXN | $620.9K | 2,083 | +0.12pp | 31q | HELD | |
| INVESCO EXCHANGE TRADED FD T | SPHQ | $606.0K | 6,726 | +0.13pp | 7q | +33.7%+$152.8K | |
| STATE STR CORP | STT | $583.1K | 3,438 | +0.06pp | 2q | HELD | |
| AMGEN INC | AMGN | $567.4K | 1,567 | -0.17pp | 31q | -19.7%-$139.1K | |
| DUKE ENERGY CORP NEW | DUK | $563.0K | 4,448 | -0.08pp | 14q | HELD | |
| CORNING INC | GLW | $534.9K | 2,094 | +0.07pp | 31q | -25.5%-$182.9K | |
| NASDAQ INC | NDAQ | $511.5K | 6,490 | -0.08pp | 21q | +3.8%+$18.8K | |
| ECOLAB INC | ECL | $505.7K | 1,815 | -0.06pp | 5q | -3.7%-$19.5K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $504.2K | 1,793 | flat | 8q | HELD | |
| SOUTHERN CO | SO | $500.6K | 5,230 | -0.06pp | 9q | HELD | |
| ISHARES TR | EFA | $482.5K | 4,645 | -0.03pp | 15q | +0.8%+$3.9K | |
| ISHARES TR | FLOT | $480.6K | 9,414 | -0.05pp | 22q | +2.2%+$10.2K | |
| ATMOS ENERGY CORP | ATO | $475.1K | 2,758 | -0.09pp | 2q | HELD | |
| DOUBLELINE ETF TRUST | DMBS | $474.9K | 9,674 | -0.05pp | 3q | +2.3%+$10.9K | |
| VANGUARD BD INDEX FDS | BSV | $474.6K | 6,091 | -0.06pp | 22q | HELD | |
| MCKESSON CORP | MCK | $472.2K | 625 | -0.12pp | 11q | -0.6%-$3.0K | |
| BONDBLOXX ETF TRUST | BBBS | $465.3K | 9,116 | -0.06pp | 2q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $465.3K | 928 | -0.05pp | 3q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCIT | $457.5K | 5,535 | -0.05pp | 23q | +2.4%+$10.7K | |
| ISHARES TR | IWM | $433.2K | 1,442 | +0.02pp | 22q | HELD | |
| BONDBLOXX ETF TRUST | XHLF | $419.7K | 8,344 | -0.05pp | 10q | HELD | |
| RAYMOND JAMES FINL INC | RJF | $414.0K | 2,723 | -0.03pp | 13q | HELD | |
| DANAHER CORP DEL | DHR | $399.6K | 2,098 | -0.05pp | 2q | HELD | |
| INVESCO EXCH TRADED FD TR II | PGX | $399.3K | 36,834 | -0.05pp | 24q | HELD | |
| CISCO SYS INC | CSCO | $395.4K | 3,366 | +0.02pp | 31q | -19.0%-$92.8K | |
| NETFLIX INC | NFLX | $378.3K | 5,298 | -0.16pp | 19q | HELD | |
| CATERPILLAR INC | CAT | $351.4K | 330 | -0.02pp | 31q | -29.0%-$143.8K | |
| ISHARES TR | IVV | $347.5K | 464 | -0.01pp | 24q | -2.1%-$7.5K | |
| VERIZON COMMUNICATIONS INC | VZ | $340.9K | 8,052 | -0.10pp | 31q | HELD | |
| ROBINHOOD MKTS INC | HOOD | $333.6K | 3,327 | - | new | NEW | |
| NUCOR CORP | NUE | $327.4K | 1,470 | -0.09pp | 31q | -35.8%-$182.7K | |
| US BANCORP | USB | $316.1K | 5,233 | flat | 31q | HELD | |
| INTERNATIONAL PAPER CO | IP | $315.7K | 8,285 | +0.05pp | 31q | +33.8%+$79.8K | |
| NORFOLK SOUTHN CORP | NSC | $314.6K | 1,000 | -0.01pp | 11q | HELD | |
| RTX CORPORATION | RTX | $309.3K | 1,630 | - | new | NEW | |
| MORGAN STANLEY | MS | $305.2K | 1,460 | -0.08pp | 31q | -32.1%-$144.2K | |
| SCHWAB STRATEGIC TR | SCHD | $287.8K | 9,077 | -0.03pp | 22q | HELD | |
| EMERSON ELEC CO | EMR | $287.7K | 2,010 | -0.01pp | 31q | HELD | |
| UNION PAC CORP | UNP | $285.6K | 1,050 | -0.01pp | 31q | HELD | |
| MARRIOTT INTL INC NEW | MAR | $270.5K | 730 | -0.10pp | 13q | -30.8%-$120.4K | |
| PROCTER & GAMBLE CO | PG | $265.1K | 1,808 | -0.03pp | 31q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $263.2K | 2,115 | - | new | NEW | |
| AIR PRODUCTS AND CHEMICALS I | APD | $262.4K | 895 | -0.03pp | 31q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $256.1K | 947 | -0.02pp | 31q | HELD | |
| WASTE MGMT INC DEL | WM | $254.3K | 1,141 | -0.04pp | 9q | HELD | |
| HOME DEPOT INC | HD | $253.9K | 720 | -0.02pp | 31q | HELD | |
| BECTON DICKINSON & CO | BDX | $239.1K | 1,580 | +0.01pp | 31q | +23.4%+$45.4K | |
| ABBOTT LABORATORIES | ABT | $238.1K | 2,623 | -0.01pp | 25q | +24.0%+$46.1K | |
| AMERICAN TOWER CORP | AMT | $234.7K | 1,435 | -0.04pp | 27q | HELD | |
| STRYKER CORPORATION | SYK | $233.6K | 742 | -0.19pp | 31q | -41.5%-$165.9K | |
| DISNEY WALT CO | DIS | $230.5K | 2,395 | -0.03pp | 31q | HELD | |
| AMERIPRISE FINL INC | AMP | $221.6K | 483 | -0.02pp | 11q | HELD | |
| NETAPP INC | NTAP | $216.8K | 1,401 | - | new | NEW | |
| CSX CORP | CSX | $209.0K | 4,397 | - | new | NEW | |
| ENBRIDGE INC | ENB | $204.7K | 3,776 | -0.02pp | 2q | +1.3%+$2.7K | |
| PHILLIPS 66 | PSX | $203.4K | 1,203 | -0.04pp | 2q | +0.6%+$1.2K | |
| BANK OF AMER CORP | BAC | $200.7K | 3,522 | - | new | NEW | |
| KIMCO REALTY CORP | KIM | $200.2K | 7,896 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $22.7M | 17.5% |
| Software & IT Services | $13.9M | 10.7% |
| Computer Hardware | $11.5M | 8.8% |
| Business Services | $11.2M | 8.6% |
| Banks & Lending | $10.0M | 7.7% |
| Retail & Consumer | $8.9M | 6.8% |
| Instruments & Controls | $6.6M | 5.1% |
| Biotech & Pharma | $6.4M | 4.9% |
| Capital Markets | $6.4M | 4.9% |
| Construction & Building | $5.4M | 4.1% |
| Energy | $4.0M | 3.1% |
| Industrials | $2.9M | 2.3% |
| Other sectors | $13.2M | 10.2% |
| Not classified | $6.9M | 5.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $129.9M | 106 | 9 | 20 | 43 | 5 | 38.7% | 31 |
| Q1 2026 | $112.5M | 102 | 11 | 8 | 63 | 14 | 36.6% | 28 |
| Q4 2025 | $125.2M | 105 | 4 | 39 | 13 | 9 | 34.5% | 22 |
| Q3 2025 | $125.8M | 110 | 5 | 12 | 69 | 6 | 33.0% | 28 |
| Q2 2025 | $140.9M | 111 | 5 | 27 | 45 | 8 | 29.4% | 17 |
| Q1 2025 | $131.3M | 114 | 3 | 23 | 77 | 6 | 29.4% | 16 |
| Q4 2024 | $149.8M | 117 | 8 | 26 | 72 | 2 | 29.0% | 27 |
| Q3 2024 | $153.3M | 111 | 8 | 23 | 76 | 4 | 27.9% | 21 |
| Q2 2024 | $162.7M | 107 | 11 | 26 | 60 | 12 | 30.7% | 22 |
| Q1 2024 | $162.9M | 108 | 16 | 20 | 55 | 6 | 27.7% | 25 |
| Q4 2023 | $155.8M | 98 | 9 | 32 | 21 | 6 | 27.1% | 26 |
| Q3 2023 | $138.8M | 95 | 3 | 28 | 47 | 4 | 27.5% | 17 |
| Q2 2023 | $144.2M | 96 | 8 | 53 | 16 | 5 | 26.5% | 20 |
| Q1 2023 | $132.0M | 93 | 8 | 15 | 20 | 5 | 25.3% | 20 |
| Q4 2022 | $124.6M | 90 | 6 | 42 | 16 | 5 | 24.0% | 18 |
| Q3 2022 | $112.3M | 89 | 2 | 29 | 50 | 3 | 23.7% | 18 |
| Q2 2022 | $135.4M | 90 | 1 | 56 | 7 | 3 | 23.2% | 22 |
| Q1 2022 | $156.6M | 92 | 5 | 48 | 18 | 8 | 24.7% | 34 |
| Q4 2021 | $166.2M | 95 | 6 | 41 | 37 | 4 | 24.1% | 25 |
| Q3 2021 | $152.9M | 93 | 3 | 30 | 51 | 2 | 23.5% | 20 |
| Q2 2021 | $245.9M | 92 | 9 | 23 | 48 | 2 | 23.6% | 30 |
| Q1 2021 | $247.5M | 85 | 16 | 21 | 36 | 4 | 22.5% | 19 |
| Q4 2020 | $228.0M | 73 | 3 | 19 | 50 | 1 | 24.6% | 27 |
| Q3 2020 | $241.8M | 71 | 9 | 56 | 5 | 7 | 25.3% | 30 |
| Q2 2020 | $206.0M | 69 | 1 | 36 | 9 | 0 | 25.7% | 27 |
| Q1 2020 | $168.1M | 68 | 5 | 24 | 38 | 7 | 24.8% | 24 |
| Q4 2019 | $219.3M | 70 | 2 | 31 | 31 | 2 | 22.7% | 17 |
| Q3 2019 | $206.6M | 70 | 6 | 11 | 34 | 4 | 23.1% | 17 |
| Q2 2019 | $208.1M | 68 | 0 | 18 | 49 | 2 | 23.2% | 10 |
| Q1 2019 | $209.1M | 70 | 6 | 9 | 44 | 4 | 23.0% | 16 |
| Q4 2018 | $191.5M | 68 | 0 | 0 | 0 | 0 | 22.8% | 37 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.