Argus Investors' Counsel, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Argus Investors' Counsel, Inc. reported 107 stock positions worth $162.7 million. Its top holding was Nvidia (NVDA) at 4.8% of the portfolio, followed by Eli Lilly (LLY, 4.6%) and Costco Wholesale (COST, 3.7%). Compared with Q1 2024, it opened 11 new positions, sold out of 12, added to 26 and reduced 64. The biggest buy was a new position in Intuitive Surgical (ISRG) and the biggest sale McDonald's (MCD, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000007195
- Portfolio Value
- $162.7M (Q2 2024)
- SEC Filing
- 0000007195-24-000005 ↗ filed Jul 22, 2024
Holdings Value
Holdings 107 stocks · $162.7M
| NVDA Nvidia Corp. | 4.84% | 63,747 | $7.9M | Reduce -13.7% |
| LLY Eli Lilly & Co. | 4.60% | 8,273 | $7.5M | Add +9.1% |
| COST Costco Wholesale Corp. | 3.73% | 7,137 | $6.1M | Reduce -3.0% |
| AAPL Apple Inc. | 3.51% | 27,124 | $5.7M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 2.84% | 25,402 | $4.6M | Reduce -6.7% |
| JPM JPMorgan Chase & Co. | 2.76% | 22,239 | $4.5M | Add +2.7% |
| MSFT Microsoft Corp. | 2.33% | 8,469 | $3.8M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 2.11% | 17,746 | $3.4M | Reduce -3.0% |
| TT Trane Technologies PLC | 2.01% | 9,949 | $3.3M | Add +4.2% |
| META Meta Platforms Inc. Class A | 1.92% | 6,198 | $3.1M | Add +4.5% |
| ADI Analog Devices Inc. | 1.85% | 13,198 | $3.0M | Add +6.1% |
| V Visa Inc. Class A | 1.81% | 11,221 | $2.9M | Reduce -2.2% |
| ADBE Adobe Inc. | 1.80% | 5,277 | $2.9M | Reduce -4.6% |
| ODFL Old Dominion Freight Line | 1.70% | 15,651 | $2.8M | Reduce -0.9% |
| MCK McKesson Corp. | 1.66% | 4,623 | $2.7M | Add +7.6% |
| BLK BlackRock Finance Inc. | 1.66% | 3,426 | $2.7M | Reduce -19.5% |
| SPGI S&P Global Inc. | 1.54% | 5,606 | $2.5M | Add +11.9% |
| SYK Stryker Corp. | 1.50% | 7,171 | $2.4M | Add +1.8% |
| AVGO Broadcom Inc. | 1.39% | 1,412 | $2.3M | Reduce -10.0% |
| SCHW Schwab (charles) Corp. | 1.37% | 30,312 | $2.2M | Add +12.5% |
| AMAT Applied Materials Inc. | 1.34% | 9,269 | $2.2M | Add +12.5% |
| URI United Rentals Inc. | 1.31% | 3,307 | $2.1M | Add +17.3% |
| AXP American Express Co. | 1.26% | 8,883 | $2.1M | Reduce -11.9% |
| PWR Quanta Services Inc. | 1.25% | 8,021 | $2.0M | Add +14.6% |
| XOM Exxon Mobil Corp. | 1.22% | 17,267 | $2.0M | Reduce -7.0% |
| HD Home Depot Inc. | 1.20% | 5,680 | $2.0M | Reduce -8.2% |
| ISRG Intuitive Surgical Inc. | 1.14% | 4,182 | $1.9M | New |
| ORCL Oracle Corp. | 1.11% | 12,769 | $1.8M | New |
| NFLX Netflix Inc. | 1.10% | 2,655 | $1.8M | Reduce -12.0% |
| TMO Thermo Fisher Scientific Inc. | 1.04% | 3,064 | $1.7M | Add +2.0% |
| REGN Regeneron Pharmaceuticals | 1.00% | 1,551 | $1.6M | Add +5.9% |
| WMT Walmart Inc. | 0.99% | 23,785 | $1.6M | Reduce -8.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.97% | 14,340 | $1.6M | Reduce -12.2% |
| BSX Boston Scientific Corp. | 0.95% | 20,174 | $1.6M | New |
| AMGN Amgen Inc. | 0.91% | 4,747 | $1.5M | Reduce -15.8% |
| NEE Nextera Energy Inc. | 0.88% | 20,286 | $1.4M | Reduce -13.3% |
| MAR Marriott International Class A | 0.87% | 5,861 | $1.4M | Reduce -11.0% |
| WFC Wells Fargo & Co. | 0.85% | 23,407 | $1.4M | Add +0.5% |
| TXN Texas Instruments Inc. | 0.82% | 6,879 | $1.3M | Reduce -13.8% |
| EMR Emerson Electric Co. | 0.82% | 12,111 | $1.3M | Reduce -12.9% |
| AXON Axon Enterprise Inc. | 0.81% | 4,492 | $1.3M | New |
| APD Air Products & Chemicals Inc. | 0.81% | 5,110 | $1.3M | Reduce -13.2% |
| VZ Verizon Communications Inc. | 0.81% | 31,792 | $1.3M | Reduce -13.0% |
| JNJ Johnson & Johnson | 0.80% | 8,895 | $1.3M | Reduce -10.7% |
| GD General Dynamics Corp. | 0.79% | 4,451 | $1.3M | Reduce -13.6% |
| PG The Procter & Gamble Co. | 0.79% | 7,773 | $1.3M | Reduce -15.9% |
| MS Morgan Stanley | 0.79% | 13,180 | $1.3M | Reduce -13.7% |
| IP International Paper Co. | 0.78% | 29,490 | $1.3M | Reduce -14.0% |
| PEP Pepsico Inc. | 0.77% | 7,609 | $1.3M | Reduce -11.9% |
| CAT Caterpillar Inc. | 0.77% | 3,745 | $1.2M | Reduce -14.0% |
| UNP Union Pacific Corp. | 0.77% | 5,507 | $1.2M | Reduce -11.3% |
| CVX Chevron Corp. | 0.76% | 7,919 | $1.2M | Reduce -1.5% |
| CRM Salesforce Inc. | 0.76% | 4,800 | $1.2M | Add +27.1% |
| ADP Automatic Data Processing | 0.73% | 4,995 | $1.2M | Reduce -37.6% |
| NUE Nucor Corp. | 0.73% | 7,521 | $1.2M | Reduce -13.8% |
| GLW Corning Inc. | 0.72% | 30,035 | $1.2M | Reduce -14.3% |
| ZTS Zoetis Inc. | 0.71% | 6,653 | $1.2M | Reduce -19.8% |
| AMT American Tower Corp. | 0.71% | 5,930 | $1.2M | Reduce -18.0% |
| MCHP Microchip Technology Inc. | 0.71% | 12,585 | $1.2M | Add +1.9% |
| ITW Illinois Tool Works | 0.70% | 4,782 | $1.1M | Reduce -13.5% |
| MCD McDonald's Corp. | 0.68% | 4,368 | $1.1M | Reduce -56.0% |
| IWF iShares Russell 1000 Growth | 0.68% | 3,047 | $1.1M | Reduce -1.5% |
| USB US Bancorp | 0.68% | 27,708 | $1.1M | Reduce -13.7% |
| PFE Pfizer Inc. | 0.67% | 39,240 | $1.1M | Reduce -17.3% |
| ABT Abbott Laboratories | 0.64% | 10,001 | $1.0M | Reduce -10.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.64% | 10,445 | $1.0M | Reduce -13.4% |
| CSCO Cisco Systems Inc. | 0.63% | 21,745 | $1.0M | Reduce -17.4% |
| MA Mastercard Inc. Class A | 0.60% | 2,206 | $973K | Add +5.3% |
| XONE Bondbloxx BBG 1 Dur US Treas | 0.58% | 19,219 | $952K | No change |
| BDX Becton Dickinson and Co. | 0.58% | 4,060 | $949K | Reduce -12.9% |
| UNH Unitedhealth Group Inc. | 0.49% | 1,552 | $790K | Reduce -12.3% |
| INTC Intel Corp. | 0.46% | 24,010 | $744K | Reduce -14.3% |
| KLAC KLA Corp. | 0.45% | 884 | $729K | Reduce -8.8% |
| CTAS Cintas Corp. | 0.41% | 956 | $669K | Reduce -3.8% |
| INTU Intuit Inc. | 0.41% | 1,005 | $660K | Reduce -5.0% |
| COP Conocophillips | 0.38% | 5,418 | $620K | Add +9.7% |
| XHLF Bondbloxx BBG 6 MTH US Treas | 0.38% | 12,239 | $615K | Add +38.3% |
| J Jacobs Solutions Inc. | 0.36% | 4,150 | $580K | New |
| BSV Vanguard Short-Term Bond ETF | 0.35% | 7,443 | $571K | No change |
| VCIT Vanguard Int-Term Corporate | 0.33% | 6,701 | $536K | No change |
| AIG American International Group | 0.33% | 7,135 | $530K | New |
| HCA HCA Healthcare Inc. | 0.32% | 1,628 | $523K | Reduce -4.8% |
| NDAQ Nasdaq Inc. | 0.31% | 8,377 | $505K | Reduce -6.1% |
| PGX Invesco Preferred ETF | 0.29% | 41,526 | $480K | Add +3.1% |
| FLOT iShares Floating Rate Bond E | 0.29% | 9,209 | $470K | No change |
| DHI D.R. Horton Inc. | 0.28% | 3,239 | $456K | New |
| PH Parker Hannifin Corp. | 0.28% | 897 | $454K | Reduce -6.2% |
| CMG Chipotle Mexican Grill Inc. | 0.28% | 7,200 | $451K | Add +29.7% |
| BMI Badger Meter Inc. | 0.28% | 2,401 | $447K | Add +4.8% |
| FAST Fastenal Co. | 0.27% | 7,101 | $446K | Reduce -6.4% |
| DUK Duke Energy Corp. | 0.27% | 4,338 | $435K | No change |
| RJF Raymond James Financial Inc. | 0.27% | 3,509 | $434K | Reduce -4.7% |
| ROP Roper Technologies Inc. | 0.27% | 765 | $431K | Reduce -4.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.26% | 2,990 | $427K | Add +88.6% |
| WM Waste Management Inc. | 0.25% | 1,898 | $405K | New |
| IVV iShares Core S&P 500 ETF | 0.25% | 738 | $404K | Reduce -26.1% |
| ANET Arista Networks Inc. | 0.22% | 1,032 | $362K | Add +0.2% |
| MRK Merck & Co. Inc. | 0.22% | 2,883 | $357K | Add +57.3% |
| IWM iShares Russell 2000 ETF | 0.21% | 1,720 | $349K | Reduce -0.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 1,981 | $344K | Reduce -0.8% |
Portfolio Sells Q1 2024 → Q2 2024
| MCD McDonald's Corp. | Reduce -56.0% | 0.68% | −1.03 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.99 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.80 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.57 |
| BLK BlackRock Finance Inc. | Reduce -19.5% | 1.66% | −0.52 |
| ADP Automatic Data Processing | Reduce -37.6% | 0.73% | −0.49 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.47 |
| ODFL Old Dominion Freight Line | Reduce -0.9% | 1.70% | −0.43 |
| NUE Nucor Corp. | Reduce -13.8% | 0.73% | −0.33 |
| INTC Intel Corp. | Reduce -14.3% | 0.46% | −0.30 |
| DIS The Walt Disney Co. | Reduce -13.4% | 0.64% | −0.27 |
| HD Home Depot Inc. | Reduce -8.2% | 1.20% | −0.26 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.24 |
| ITW Illinois Tool Works | Reduce -13.5% | 0.70% | −0.21 |
| CAT Caterpillar Inc. | Reduce -14.0% | 0.77% | −0.21 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.21 |
| USB US Bancorp | Reduce -13.7% | 0.68% | −0.20 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.18 |
| IJK iShares S&P Mid-Cap 400 Grow | Sold out | 0.00% | −0.18 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.18 |
| CSCO Cisco Systems Inc. | Reduce -17.4% | 0.63% | −0.17 |
| UNP Union Pacific Corp. | Reduce -11.3% | 0.77% | −0.17 |
| AMT American Tower Corp. | Reduce -18.0% | 0.71% | −0.17 |
| JNJ Johnson & Johnson | Reduce -10.7% | 0.80% | −0.17 |
| PEP Pepsico Inc. | Reduce -11.9% | 0.77% | −0.16 |
| V Visa Inc. Class A | Reduce -2.2% | 1.81% | −0.16 |
| ZTS Zoetis Inc. | Reduce -19.8% | 0.71% | −0.15 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.15 |
| MAR Marriott International Class A | Reduce -11.0% | 0.87% | −0.15 |
| EMR Emerson Electric Co. | Reduce -12.9% | 0.82% | −0.15 |
| AXP American Express Co. | Reduce -11.9% | 1.26% | −0.15 |
| ABT Abbott Laboratories | Reduce -10.6% | 0.64% | −0.14 |
| VZ Verizon Communications Inc. | Reduce -13.0% | 0.81% | −0.14 |
| PFE Pfizer Inc. | Reduce -17.3% | 0.67% | −0.13 |
| PG The Procter & Gamble Co. | Reduce -15.9% | 0.79% | −0.13 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.13 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.13 |
| BDX Becton Dickinson and Co. | Reduce -12.9% | 0.58% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -7.0% | 1.22% | −0.10 |
| GD General Dynamics Corp. | Reduce -13.6% | 0.79% | −0.10 |
| MS Morgan Stanley | Reduce -13.7% | 0.79% | −0.10 |
| FAST Fastenal Co. | Reduce -6.4% | 0.27% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -26.1% | 0.25% | −0.07 |
| AMGN Amgen Inc. | Reduce -15.8% | 0.91% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -13.2% | 0.81% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -12.3% | 0.49% | −0.05 |
| PH Parker Hannifin Corp. | Reduce -6.2% | 0.28% | −0.05 |
| TJX TJX Companies Inc. | Reduce -12.2% | 0.97% | −0.05 |
| IP International Paper Co. | Reduce -14.0% | 0.78% | −0.04 |
| NDAQ Nasdaq Inc. | Reduce -6.1% | 0.31% | −0.04 |
Portfolio Buys Q1 2024 → Q2 2024
| ISRG Intuitive Surgical Inc. | New | 1.14% | +1.14 |
| ORCL Oracle Corp. | New | 1.11% | +1.11 |
| LLY Eli Lilly & Co. | Add +9.1% | 4.60% | +0.98 |
| BSX Boston Scientific Corp. | New | 0.95% | +0.95 |
| AXON Axon Enterprise Inc. | New | 0.81% | +0.81 |
| J Jacobs Solutions Inc. | New | 0.36% | +0.36 |
| ADI Analog Devices Inc. | Add +6.1% | 1.85% | +0.34 |
| AIG American International Group | New | 0.33% | +0.33 |
| AMAT Applied Materials Inc. | Add +12.5% | 1.34% | +0.30 |
| DHI D.R. Horton Inc. | New | 0.28% | +0.28 |
| TT Trane Technologies PLC | Add +4.2% | 2.01% | +0.25 |
| WM Waste Management Inc. | New | 0.25% | +0.25 |
| MCK McKesson Corp. | Add +7.6% | 1.66% | +0.24 |
| SPGI S&P Global Inc. | Add +11.9% | 1.54% | +0.23 |
| SCHW Schwab (charles) Corp. | Add +12.5% | 1.37% | +0.18 |
| META Meta Platforms Inc. Class A | Add +4.5% | 1.92% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +88.6% | 0.26% | +0.14 |
| PWR Quanta Services Inc. | Add +14.6% | 1.25% | +0.14 |
| REGN Regeneron Pharmaceuticals | Add +5.9% | 1.00% | +0.14 |
| BX Blackstone Inc. | New | 0.14% | +0.14 |
| SO The Southern Co. | New | 0.13% | +0.13 |
| LMT Lockheed Martin Corp. | New | 0.12% | +0.12 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Add +38.3% | 0.38% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +2.7% | 2.76% | +0.10 |
| CMG Chipotle Mexican Grill Inc. | Add +29.7% | 0.28% | +0.08 |
| MRK Merck & Co. Inc. | Add +57.3% | 0.22% | +0.07 |
| URI United Rentals Inc. | Add +17.3% | 1.31% | +0.07 |
| CRM Salesforce Inc. | Add +27.1% | 0.76% | +0.06 |
| BMI Badger Meter Inc. | Add +4.8% | 0.28% | +0.05 |
| ANET Arista Networks Inc. | Add +0.2% | 0.22% | +0.04 |
| MCHP Microchip Technology Inc. | Add +1.9% | 0.71% | +0.03 |
| WFC Wells Fargo & Co. | Add +0.5% | 0.85% | +0.03 |
| PGX Invesco Preferred ETF | Add +3.1% | 0.29% | +0.00 |
| COP Conocophillips | Add +9.7% | 0.38% | −0.01 |
| MA Mastercard Inc. Class A | Add +5.3% | 0.60% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +2.0% | 1.04% | −0.03 |
| SYK Stryker Corp. | Add +1.8% | 1.50% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 106 | $129.9M | AMAT, NVDA, GOOGL, PWR, LLY |
| Q1 2026 | 102 | $112.5M | NVDA, GOOGL, COST, PWR, AAPL |
| Q4 2025 | 105 | $125.2M | NVDA, GOOGL, AAPL, JPM, LLY |
| Q3 2025 | 110 | $125.8M | NVDA, META, ORCL, AAPL, JPM |
| Q2 2025 | 111 | $140.9M | COST, NVDA, META, JPM, AAPL |
| Q1 2025 | 114 | $131.3M | COST, AAPL, JPM, LLY, META |
| Q4 2024 | 117 | $149.8M | AAPL, COST, NVDA, JPM, LLY |
| Q3 2024 | 111 | $153.3M | AAPL, COST, NVDA, LLY, JPM |
| Q2 2024Amended | 107 | $162.7M | NVDA, LLY, COST, AAPL, GOOGL |
| Q1 2024 | 108 | $162.9M | NVDA, LLY, COST, AAPL, JPM |