Argus Investors' Counsel, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), Argus Investors' Counsel, Inc. reported 111 stock positions worth $153.3 million. Its top holding was Apple (AAPL) at 3.7% of the portfolio, followed by Costco Wholesale (COST, 3.6%) and Nvidia (NVDA, 3.1%). Compared with Q2 2024, it opened 7 new positions, sold out of 3, added to 21 and reduced 81. The biggest buy was Microchip Technology (MCHP, shares +97%) and the biggest sale Nvidia (NVDA, shares −39%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000007195
Portfolio Value
$153.3M (Q3 2024)
SEC Filing
0000007195-24-000008 ↗ filed Oct 21, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $162.9M Q1 2024 Q2 2024: $162.7M Q2 2024 Q3 2024: $153.3M $153.3M Q3 2024 Q4 2024: $149.8M Q4 2024 Q1 2025: $131.3M Q1 2025 Q2 2025: $140.9M Q2 2025 Q3 2025: $125.8M Q3 2025 Q4 2025: $125.2M Q4 2025 Q1 2026: $112.5M Q1 2026 Q2 2026: $129.9M Q2 2026

Holdings 111 stocks · $153.3M
AAPL Apple Inc. 3.73% 24,518 $5.7M Reduce -9.6%
COST Costco Wholesale Corp. 3.62% 6,266 $5.6M Reduce -12.2%
NVDA Nvidia Corp. 3.07% 38,695 $4.7M Reduce -39.3%
LLY Eli Lilly & Co. 3.05% 5,274 $4.7M Reduce -36.3%
JPM JPMorgan Chase & Co. 2.73% 19,866 $4.2M Reduce -10.7%
TT Trane Technologies PLC 2.48% 9,769 $3.8M Reduce -1.8%
META Meta Platforms Inc. Class A 2.42% 6,474 $3.7M Add +4.5%
GOOGL Alphabet Inc. Class A 2.41% 22,259 $3.7M Reduce -12.4%
AMZN Amazon.com Inc. 2.31% 19,020 $3.5M Add +7.2%
MSFT Microsoft Corp. 2.05% 7,296 $3.1M Reduce -13.8%
BLK BlackRock Inc. 2.03% 3,281 $3.1M Reduce -4.2%
V Visa Inc. Class A 1.98% 11,059 $3.0M Reduce -1.4%
ODFL Old Dominion Freight Line 1.97% 15,231 $3.0M Reduce -2.7%
ADI Analog Devices Inc. 1.94% 12,942 $3.0M Reduce -1.9%
SPGI S&P Global Inc. 1.84% 5,466 $2.8M Reduce -2.5%
URI United Rentals Inc. 1.74% 3,289 $2.7M Reduce -0.5%
ORCL Oracle Corp. 1.65% 14,886 $2.5M Add +16.6%
ADBE Adobe Inc. 1.61% 4,760 $2.5M Reduce -9.8%
PWR Quanta Services Inc. 1.59% 8,197 $2.4M Add +2.2%
MCK McKesson Corp. 1.47% 4,570 $2.3M Reduce -1.1%
BSX Boston Scientific Corp. 1.46% 26,795 $2.2M Add +32.8%
SYK Stryker Corp. 1.35% 5,741 $2.1M Reduce -19.9%
ISRG Intuitive Surgical Inc. 1.33% 4,151 $2.0M Reduce -0.7%
MCHP Microchip Technology Inc. 1.30% 24,842 $2.0M Add +97.4%
HD Home Depot Inc. 1.30% 4,920 $2.0M Reduce -13.4%
AXP American Express Co. 1.27% 7,156 $1.9M Reduce -19.4%
REGN Regeneron Pharmaceuticals 1.26% 1,841 $1.9M Add +18.7%
SCHW Schwab (charles) Corp. 1.26% 29,783 $1.9M Reduce -1.8%
TMO Thermo Fisher Scientific Inc. 1.22% 3,033 $1.9M Reduce -1.0%
AMAT Applied Materials Inc. 1.21% 9,160 $1.9M Reduce -1.2%
AVGO Broadcom Inc. 1.20% 10,661 $1.8M Reduce -24.5%
AXON Axon Enterprise Inc. 1.18% 4,543 $1.8M Add +1.1%
XOM Exxon Mobil Corp. 1.18% 15,417 $1.8M Reduce -10.7%
WFC Wells Fargo & Co. 1.16% 31,514 $1.8M Add +34.6%
NFLX Netflix Inc. 0.89% 1,919 $1.4M Reduce -27.7%
WMT Walmart Inc. 0.86% 16,264 $1.3M Reduce -31.6%
CRM Salesforce Inc. 0.85% 4,764 $1.3M Reduce -0.8%
PG The Procter & Gamble Co. 0.84% 7,439 $1.3M Reduce -4.3%
AMGN Amgen Inc. 0.80% 3,826 $1.2M Reduce -19.4%
CAT Caterpillar Inc. 0.80% 3,145 $1.2M Reduce -16.0%
VZ Verizon Communications Inc. 0.78% 26,792 $1.2M Reduce -15.7%
UNP Union Pacific Corp. 0.76% 4,752 $1.2M Reduce -13.7%
CVX Chevron Corp. 0.75% 7,851 $1.2M Reduce -0.9%
NEE Nextera Energy Inc. 0.75% 13,663 $1.2M Reduce -32.6%
IWF iShares Russell 1000 Growth 0.75% 3,046 $1.1M Reduce -0.0%
GLW Corning Inc. 0.73% 24,935 $1.1M Reduce -17.0%
MAR Marriott International Class A 0.73% 4,514 $1.1M Reduce -23.0%
JNJ Johnson & Johnson 0.72% 6,801 $1.1M Reduce -23.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.70% 9,115 $1.1M Reduce -36.4%
USB US Bancorp 0.70% 23,333 $1.1M Reduce -15.8%
MA Mastercard Inc. Class A 0.69% 2,128 $1.1M Reduce -3.5%
PEP Pepsico Inc. 0.68% 6,109 $1.0M Reduce -19.7%
IP International Paper Co. 0.67% 21,090 $1.0M Reduce -28.5%
AMT American Tower Corp. 0.67% 4,425 $1.0M Reduce -25.4%
ADP Automatic Data Processing 0.67% 3,704 $1.0M Reduce -25.9%
TXN Texas Instruments Inc. 0.67% 4,954 $1.0M Reduce -28.0%
APD Air Products & Chemicals Inc. 0.66% 3,375 $1.0M Reduce -34.0%
GD General Dynamics Corp. 0.64% 3,251 $982K Reduce -27.0%
MS Morgan Stanley 0.64% 9,400 $980K Reduce -28.7%
ZTS Zoetis Inc. 0.61% 4,788 $935K Reduce -28.0%
MCD McDonald's Corp. 0.61% 3,068 $934K Reduce -29.8%
ABT Abbott Laboratories 0.61% 8,156 $930K Reduce -18.4%
EMR Emerson Electric Co. 0.60% 8,410 $920K Reduce -30.6%
CSCO Cisco Systems Inc. 0.59% 17,085 $909K Reduce -21.4%
ITW Illinois Tool Works 0.59% 3,427 $898K Reduce -28.3%
UNH Unitedhealth Group Inc. 0.56% 1,464 $856K Reduce -5.7%
BDX Becton Dickinson and Co. 0.54% 3,460 $834K Reduce -14.8%
PFE Pfizer Inc. 0.53% 27,940 $809K Reduce -28.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.52% 8,335 $802K Reduce -20.2%
TRGP Targa Resources Corp. 0.52% 5,398 $799K New
NUE Nucor Corp. 0.52% 5,256 $790K Reduce -30.1%
CTAS Cintas Corp. 0.47% 3,536 $728K Reduce -7.5%
HCA HCA Healthcare Inc. 0.40% 1,519 $617K Reduce -6.7%
DELL Dell Technologies -C 0.40% 5,129 $608K New
IEI iShares 3-7 Year Treasury Bo 0.39% 5,032 $602K New
INTU Intuit Inc. 0.38% 939 $583K Reduce -6.6%
KLAC KLA Corp. 0.38% 750 $581K Reduce -15.2%
DHI D.R. Horton Inc. 0.37% 3,001 $573K Reduce -7.3%
NDAQ Nasdaq Inc. 0.37% 7,736 $565K Reduce -7.7%
XHLF Bondbloxx BBG 6 MTH US Treas 0.37% 11,124 $561K Reduce -9.1%
J Jacobs Solutions Inc. 0.36% 4,267 $559K Add +2.8%
BSV Vanguard Short-Term Bond ETF 0.36% 7,013 $552K Reduce -5.8%
VCIT Vanguard Int-Term Corporate 0.34% 6,307 $528K Reduce -5.9%
PH Parker Hannifin Corp. 0.34% 835 $528K Reduce -6.9%
XONE Bondbloxx BBG 1 Dur US Treas 0.33% 10,079 $503K Reduce -47.6%
DUK Duke Energy Corp. 0.33% 4,338 $500K No change
AIG American International Group 0.32% 6,771 $496K Reduce -5.1%
FLOT iShares Floating Rate Bond E 0.32% 9,607 $490K Add +4.3%
BMI Badger Meter Inc. 0.31% 2,173 $475K Reduce -9.5%
PGX Invesco Preferred ETF 0.30% 37,689 $465K Reduce -9.2%
CMG Chipotle Mexican Grill Inc. 0.28% 7,505 $432K Add +4.2%
WM Waste Management Inc. 0.28% 2,040 $423K Add +7.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.28% 1,907 $422K New
ANET Arista Networks Inc. 0.27% 1,096 $421K Add +6.2%
SCHD Schwab US DVD Equity ETF 0.26% 4,768 $403K Add +8.0%
RJF Raymond James Financial Inc. 0.26% 3,251 $398K Reduce -7.3%
ROP Roper Technologies Inc. 0.26% 709 $395K Reduce -7.3%
IWM iShares Russell 2000 ETF 0.25% 1,714 $379K Reduce -0.3%
NVO Novo-Nordisk A/S-Spons ADR 0.24% 3,104 $370K Add +3.8%
TSM Taiwan Semiconductor-SP ADR 0.24% 2,121 $368K Add +7.1%

Show all 111 holdings

Portfolio Sells Q2 2024 → Q3 2024
NVDA Nvidia Corp. Reduce -39.3% 3.07% −1.77
LLY Eli Lilly & Co. Reduce -36.3% 3.05% −1.56
INTC Intel Corp. Sold out 0.00% −0.46
GOOGL Alphabet Inc. Class A Reduce -12.4% 2.41% −0.44
COP Conocophillips Sold out 0.00% −0.38
MSFT Microsoft Corp. Reduce -13.8% 2.05% −0.28
FAST Fastenal Co. Sold out 0.00% −0.27
TJX TJX Companies Inc. Reduce -36.4% 0.70% −0.27
XONE Bondbloxx BBG 1 Dur US Treas Reduce -47.6% 0.33% −0.26
EMR Emerson Electric Co. Reduce -30.6% 0.60% −0.22
NUE Nucor Corp. Reduce -30.1% 0.52% −0.22
NFLX Netflix Inc. Reduce -27.7% 0.89% −0.21
ADBE Adobe Inc. Reduce -9.8% 1.61% −0.19
AVGO Broadcom Inc. Reduce -24.5% 1.20% −0.19
MCK McKesson Corp. Reduce -1.1% 1.47% −0.19
APD Air Products & Chemicals Inc. Reduce -34.0% 0.66% −0.15
TXN Texas Instruments Inc. Reduce -28.0% 0.67% −0.15
GD General Dynamics Corp. Reduce -27.0% 0.64% −0.15
MS Morgan Stanley Reduce -28.7% 0.64% −0.15
PFE Pfizer Inc. Reduce -28.8% 0.53% −0.15
SYK Stryker Corp. Reduce -19.9% 1.35% −0.15
MAR Marriott International Class A Reduce -23.0% 0.73% −0.14
AMAT Applied Materials Inc. Reduce -1.2% 1.21% −0.14
WMT Walmart Inc. Reduce -31.6% 0.86% −0.13
NEE Nextera Energy Inc. Reduce -32.6% 0.75% −0.13
DIS The Walt Disney Co. Reduce -20.2% 0.52% −0.11
SCHW Schwab (charles) Corp. Reduce -1.8% 1.26% −0.11
ITW Illinois Tool Works Reduce -28.3% 0.59% −0.11
IP International Paper Co. Reduce -28.5% 0.67% −0.11
AMGN Amgen Inc. Reduce -19.4% 0.80% −0.11
COST Costco Wholesale Corp. Reduce -12.2% 3.62% −0.10
ZTS Zoetis Inc. Reduce -28.0% 0.61% −0.10
PEP Pepsico Inc. Reduce -19.7% 0.68% −0.09
JNJ Johnson & Johnson Reduce -23.5% 0.72% −0.08
MCD McDonald's Corp. Reduce -29.8% 0.61% −0.07
KLAC KLA Corp. Reduce -15.2% 0.38% −0.07
MRK Merck & Co. Inc. Reduce -27.4% 0.15% −0.06
ADP Automatic Data Processing Reduce -25.9% 0.67% −0.06
XOM Exxon Mobil Corp. Reduce -10.7% 1.18% −0.04
CSCO Cisco Systems Inc. Reduce -21.4% 0.59% −0.04
BDX Becton Dickinson and Co. Reduce -14.8% 0.54% −0.04
AMT American Tower Corp. Reduce -25.4% 0.67% −0.04
ABT Abbott Laboratories Reduce -18.4% 0.61% −0.03
JPM JPMorgan Chase & Co. Reduce -10.7% 2.73% −0.03
INTU Intuit Inc. Reduce -6.6% 0.38% −0.03
IVV iShares Core S&P 500 ETF Reduce -19.0% 0.23% −0.02
VZ Verizon Communications Inc. Reduce -15.7% 0.78% −0.02
XHLF Bondbloxx BBG 6 MTH US Treas Reduce -9.1% 0.37% −0.01
ROP Roper Technologies Inc. Reduce -7.3% 0.26% −0.01
CVX Chevron Corp. Reduce -0.9% 0.75% −0.01

Portfolio Buys Q2 2024 → Q3 2024
MCHP Microchip Technology Inc. Add +97.4% 1.30% +0.59
ORCL Oracle Corp. Add +16.6% 1.65% +0.55
TRGP Targa Resources Corp. New 0.52% +0.52
BSX Boston Scientific Corp. Add +32.8% 1.46% +0.51
META Meta Platforms Inc. Class A Add +4.5% 2.42% +0.50
DELL Dell Technologies -C New 0.40% +0.40
IEI iShares 3-7 Year Treasury Bo New 0.39% +0.39
AXON Axon Enterprise Inc. Add +1.1% 1.18% +0.37
PWR Quanta Services Inc. Add +2.2% 1.59% +0.34
WFC Wells Fargo & Co. Add +34.6% 1.16% +0.31
IBM Intl Business Machines Corp. New 0.28% +0.28
REGN Regeneron Pharmaceuticals Add +18.7% 1.26% +0.26
AMZN Amazon.com Inc. Add +7.2% 2.31% +0.20
TBIL F/M US Treasury 3 Month Bill New 0.20% +0.20
RCL Royal Caribbean Cruises Ltd. New 0.16% +0.16
TMUS T-Mobile US Inc. New 0.15% +0.15
ANET Arista Networks Inc. Add +6.2% 0.27% +0.05
BX Blackstone Inc. Add +5.4% 0.19% +0.05
SCHD Schwab US DVD Equity ETF Add +8.0% 0.26% +0.05
SO The Southern Co. Add +5.0% 0.17% +0.04
AMP Ameriprise Financial Inc. Add +6.6% 0.17% +0.03
FLOT iShares Floating Rate Bond E Add +4.3% 0.32% +0.03
EFA iShares MSCI Eafe ETF Add +3.6% 0.20% +0.03
TSM Taiwan Semiconductor-SP ADR Add +7.1% 0.24% +0.03
WM Waste Management Inc. Add +7.5% 0.28% +0.03
J Jacobs Solutions Inc. Add +2.8% 0.36% +0.01
CMG Chipotle Mexican Grill Inc. Add +4.2% 0.28% +0.00
NVO Novo-Nordisk A/S-Spons ADR Add +3.8% 0.24% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 106$129.9MAMAT, NVDA, GOOGL, PWR, LLY
Q1 2026 102$112.5MNVDA, GOOGL, COST, PWR, AAPL
Q4 2025 105$125.2MNVDA, GOOGL, AAPL, JPM, LLY
Q3 2025 110$125.8MNVDA, META, ORCL, AAPL, JPM
Q2 2025 111$140.9MCOST, NVDA, META, JPM, AAPL
Q1 2025 114$131.3MCOST, AAPL, JPM, LLY, META
Q4 2024 117$149.8MAAPL, COST, NVDA, JPM, LLY
Q3 2024 111$153.3MAAPL, COST, NVDA, LLY, JPM
Q2 2024Amended 107$162.7MNVDA, LLY, COST, AAPL, GOOGL
Q1 2024 108$162.9MNVDA, LLY, COST, AAPL, JPM