Argus Investors' Counsel, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Argus Investors' Counsel, Inc. reported 111 stock positions worth $140.9 million. Its top holding was Costco Wholesale (COST) at 3.6% of the portfolio, followed by Nvidia (NVDA, 3.5%) and Meta Platforms Class A (META, 3.4%). Compared with Q1 2025, it opened 5 new positions, sold out of 8, added to 31 and reduced 52. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000007195
Portfolio Value
$140.9M (Q2 2025)
SEC Filing
0000007195-25-000003 ↗ filed Jul 17, 2025

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 Q3 2024 Q4 2024: $149.8M Q4 2024 Q1 2025: $131.3M Q1 2025 Q2 2025: $140.9M $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 · $140.9M
COST Costco Wholesale Corp. 3.58% 5,097 $5.0M Reduce -12.8%
NVDA Nvidia Corp. 3.48% 31,011 $4.9M Add +0.1%
META Meta Platforms Inc. Class A 3.39% 6,474 $4.8M Add +1.2%
JPM JPMorgan Chase & Co. 3.15% 15,329 $4.4M Reduce -13.0%
AAPL Apple Inc. 2.90% 19,901 $4.1M Reduce -10.3%
TT Trane Technologies PLC 2.65% 8,533 $3.7M Reduce -9.9%
LLY Eli Lilly & Co. 2.65% 4,784 $3.7M Reduce -0.8%
AXON Axon Enterprise Inc. 2.59% 4,408 $3.6M Add +1.9%
ORCL Oracle Corp. 2.56% 16,469 $3.6M Add +1.6%
AMZN Amazon.com Inc. 2.47% 15,864 $3.5M Reduce -5.0%
V Visa Inc. Class A 2.44% 9,679 $3.4M Add +0.0%
GOOGL Alphabet Inc. Class A 2.30% 18,380 $3.2M Reduce -6.2%
PWR Quanta Services Inc. 2.25% 8,370 $3.2M Add +1.6%
BLK BlackRock Inc. 2.18% 2,924 $3.1M Add +0.3%
ADI Analog Devices Inc. 2.15% 12,739 $3.0M Add +0.8%
BSX Boston Scientific Corp. 2.05% 26,863 $2.9M Add +1.6%
SCHW Schwab (charles) Corp. 1.87% 28,819 $2.6M Reduce -1.8%
SPGI S&P Global Inc. 1.83% 4,901 $2.6M Reduce -8.5%
MSFT Microsoft Corp. 1.82% 5,165 $2.6M Reduce -15.8%
URI United Rentals Inc. 1.80% 3,358 $2.5M Add +1.8%
WFC Wells Fargo & Co. 1.79% 31,422 $2.5M Add +1.8%
TRGP Targa Resources Corp. 1.68% 13,575 $2.4M Add +1.9%
ISRG Intuitive Surgical Inc. 1.58% 4,094 $2.2M Reduce -1.3%
AVGO Broadcom Inc. 1.37% 6,989 $1.9M Reduce -12.2%
RCL Royal Caribbean Cruises Ltd. 1.34% 6,024 $1.9M Add +3.4%
NFLX Netflix Inc. 1.28% 1,350 $1.8M Add +8.1%
NOW ServiceNow Inc. 1.27% 1,744 $1.8M Add +1.2%
AXP American Express Co. 1.24% 5,471 $1.7M Reduce -2.4%
ADBE Adobe Inc. 1.21% 4,397 $1.7M Add +1.1%
AMAT Applied Materials Inc. 1.19% 9,193 $1.7M Add +1.1%
WMT Walmart Inc. 1.07% 15,448 $1.5M Add +39.6%
SYK Stryker Corp. 1.02% 3,641 $1.4M Reduce -17.1%
PYPL PayPal Holdings Inc. 0.93% 17,612 $1.3M Add +3.7%
TMO Thermo Fisher Scientific Inc. 0.88% 3,065 $1.2M Add +2.0%
XOM Exxon Mobil Corp. 0.87% 11,325 $1.2M Reduce -7.7%
HD Home Depot Inc. 0.86% 3,301 $1.2M Reduce -10.9%
IWF iShares Russell 1000 Growth 0.85% 2,806 $1.2M Reduce -1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.84% 9,612 $1.2M Add +71.2%
CRM Salesforce Inc. 0.79% 4,096 $1.1M Reduce -14.4%
MA Mastercard Inc. Class A 0.67% 1,676 $942K Reduce -19.4%
TXN Texas Instruments Inc. 0.60% 4,064 $844K Add +27.6%
PG The Procter & Gamble Co. 0.59% 5,235 $834K Reduce -0.1%
GLW Corning Inc. 0.58% 15,505 $815K Add +0.5%
GE General Electric filed as GE AEROSPACE 0.57% 3,148 $810K New
UBER Uber Technologies Inc. 0.57% 8,662 $808K New
ABT Abbott Laboratories 0.56% 5,796 $788K Reduce -11.4%
AMGN Amgen Inc. 0.55% 2,768 $773K Reduce -0.0%
NUE Nucor Corp. 0.55% 5,930 $768K Add +5.2%
VZ Verizon Communications Inc. 0.54% 17,642 $763K No change
ZTS Zoetis Inc. 0.52% 4,712 $735K Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.52% 5,885 $730K Add +2.6%
JNJ Johnson & Johnson 0.52% 4,759 $727K Reduce -5.4%
MS Morgan Stanley 0.51% 5,100 $718K No change
ADP Automatic Data Processing 0.50% 2,289 $706K Reduce -16.1%
CSCO Cisco Systems Inc. 0.49% 9,985 $693K No change
CTAS Cintas Corp. 0.49% 3,075 $685K Reduce -6.3%
AMT American Tower Corp. 0.48% 3,075 $680K No change
CAT Caterpillar Inc. 0.48% 1,745 $677K No change
USB US Bancorp 0.48% 14,933 $676K No change
GD General Dynamics Corp. 0.47% 2,251 $657K No change
EMR Emerson Electric Co. 0.46% 4,910 $655K No change
KLAC KLA Corp. 0.46% 720 $645K Reduce -6.5%
INTU Intuit Inc. 0.46% 819 $645K Reduce -6.6%
MAR Marriott International Class A 0.46% 2,355 $643K No change
MCD McDonald's Corp. 0.45% 2,168 $633K No change
IEI iShares 3-7 Year Treasury Bo 0.45% 5,267 $627K No change
ITW Illinois Tool Works 0.43% 2,447 $605K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.43% 6,640 $605K Reduce -9.2%
BSV Vanguard Short-Term Bond ETF 0.43% 7,618 $600K No change
APD Air Products & Chemicals Inc. 0.42% 2,100 $592K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.42% 1,998 $589K Reduce -0.3%
NDAQ Nasdaq Inc. 0.42% 6,580 $588K Reduce -6.7%
VCIT Vanguard Int-Term Corporate 0.40% 6,854 $568K No change
UNP Union Pacific Corp. 0.40% 2,450 $564K Reduce -20.8%
XONE Bondbloxx BBG 1 Dur US Treas 0.40% 11,356 $564K No change
FLOT iShares Floating Rate Bond E 0.40% 10,925 $557K Add +1.4%
IP International Paper Co. 0.39% 11,790 $552K No change
EFA iShares MSCI Eafe ETF 0.38% 6,029 $539K Add +8.4%
DUK Duke Energy Corp. 0.38% 4,490 $530K No change
ECL Ecolab Inc. 0.37% 1,952 $526K New
XHLF Bondbloxx BBG 6 MTH US Treas 0.37% 10,281 $518K Reduce -18.7%
PH Parker Hannifin Corp. 0.36% 733 $512K Reduce -6.4%
ANET Arista Networks Inc. 0.36% 4,957 $507K Add +1.2%
J Jacobs Solutions Inc. 0.36% 3,857 $507K Reduce -5.5%
HCA HCA Healthcare Inc. 0.36% 1,320 $506K Reduce -6.6%
AIG American International Group 0.35% 5,689 $487K Reduce -7.8%
SPHQ Invesco S&P 500 Quality ETF 0.34% 6,777 $483K No change
PGX Invesco Preferred ETF 0.34% 43,169 $480K No change
MCK McKesson Corp. 0.34% 654 $479K Add +60.7%
BMI Badger Meter Inc. 0.33% 1,921 $471K Reduce -6.8%
TSM Taiwan Semiconductor-SP ADR 0.33% 2,065 $468K Reduce -9.3%
IWM iShares Russell 2000 ETF 0.31% 2,038 $440K Reduce -0.3%
NEE Nextera Energy Inc. 0.31% 6,296 $437K Reduce -21.7%
BDX Becton Dickinson and Co. 0.31% 2,530 $436K Add +19.9%
RJF Raymond James Financial Inc. 0.31% 2,830 $434K Reduce -6.3%
PEP Pepsico Inc. 0.29% 3,124 $412K Reduce -15.9%
SCHD Schwab US DVD Equity ETF 0.27% 14,375 $381K No change
AMP Ameriprise Financial Inc. 0.23% 610 $326K Reduce -0.5%
CMG Chipotle Mexican Grill Inc. 0.23% 5,761 $323K Reduce -26.6%
IVV iShares Core S&P 500 ETF 0.22% 500 $310K Reduce -15.7%

Show all 111 holdings

Portfolio Sells Q1 2025 → Q2 2025
UNH Unitedhealth Group Inc. Sold out 0.00% −1.75
AAPL Apple Inc. Reduce -10.3% 2.90% −0.86
COST Costco Wholesale Corp. Reduce -12.8% 3.58% −0.63
ODFL Old Dominion Freight Line Sold out 0.00% −0.50
LLY Eli Lilly & Co. Reduce -0.8% 2.65% −0.39
DELL Dell Technologies -C Sold out 0.00% −0.32
ROP Roper Technologies Inc. Sold out 0.00% −0.30
DHI D.R. Horton Inc. Sold out 0.00% −0.27
XOM Exxon Mobil Corp. Reduce -7.7% 0.87% −0.24
SPGI S&P Global Inc. Reduce -8.5% 1.83% −0.24
SYK Stryker Corp. Reduce -17.1% 1.02% −0.22
MA Mastercard Inc. Class A Reduce -19.4% 0.67% −0.20
CRM Salesforce Inc. Reduce -14.4% 0.79% −0.19
PSX Phillips 66 Sold out 0.00% −0.18
WM Waste Management Inc. Reduce -43.8% 0.19% −0.18
HD Home Depot Inc. Reduce -10.9% 0.86% −0.18
LMT Lockheed Martin Corp. Sold out 0.00% −0.16
UNP Union Pacific Corp. Reduce -20.8% 0.40% −0.16
SHEL Shell PLC-ADR Sold out 0.00% −0.15
JPM JPMorgan Chase & Co. Reduce -13.0% 3.15% −0.14
ADP Automatic Data Processing Reduce -16.1% 0.50% −0.13
PEP Pepsico Inc. Reduce -15.9% 0.29% −0.13
NEE Nextera Energy Inc. Reduce -21.7% 0.31% −0.12
JNJ Johnson & Johnson Reduce -5.4% 0.52% −0.12
XHLF Bondbloxx BBG 6 MTH US Treas Reduce -18.7% 0.37% −0.12
AMGN Amgen Inc. Reduce -0.0% 0.55% −0.11
TBIL F/M US Treasury 3 Month Bill Reduce -37.1% 0.15% −0.11
ABT Abbott Laboratories Reduce -11.4% 0.56% −0.10
PG The Procter & Gamble Co. Reduce -0.1% 0.59% −0.09
CMG Chipotle Mexican Grill Inc. Reduce -26.6% 0.23% −0.07
ZTS Zoetis Inc. Reduce -0.1% 0.52% −0.07
AIG American International Group Reduce -7.8% 0.35% −0.06
TMUS T-Mobile US Inc. Reduce -0.5% 0.20% −0.04
BNY Bank of New York Mellon Corp. Reduce -9.2% 0.43% −0.04
IVV iShares Core S&P 500 ETF Reduce -15.7% 0.22% −0.03
BX Blackstone Inc. Reduce -14.7% 0.18% −0.03
SO The Southern Co. Reduce -7.1% 0.18% −0.03
CTAS Cintas Corp. Reduce -6.3% 0.49% −0.03
GEHC GE Healthcare Technology Reduce -0.4% 0.15% −0.03
J Jacobs Solutions Inc. Reduce -5.5% 0.36% −0.02
HCA HCA Healthcare Inc. Reduce -6.6% 0.36% −0.01
RJF Raymond James Financial Inc. Reduce -6.3% 0.31% −0.01
GOOGL Alphabet Inc. Class A Reduce -6.2% 2.30% −0.01
PH Parker Hannifin Corp. Reduce -6.4% 0.36% +0.00
IWM iShares Russell 2000 ETF Reduce -0.3% 0.31% +0.00
AMP Ameriprise Financial Inc. Reduce -0.5% 0.23% +0.01
NDAQ Nasdaq Inc. Reduce -6.7% 0.42% +0.01
ISRG Intuitive Surgical Inc. Reduce -1.3% 1.58% +0.01
BMI Badger Meter Inc. Reduce -6.8% 0.33% +0.04
IBM Intl Business Machines Corp. Reduce -0.3% 0.42% +0.04

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +0.1% 3.48% +0.92
AXON Axon Enterprise Inc. Add +1.9% 2.59% +0.86
ORCL Oracle Corp. Add +1.6% 2.56% +0.83
PWR Quanta Services Inc. Add +1.6% 2.25% +0.65
META Meta Platforms Inc. Class A Add +1.2% 3.39% +0.58
GE General Electric New 0.57% +0.57
UBER Uber Technologies Inc. New 0.57% +0.57
RCL Royal Caribbean Cruises Ltd. Add +3.4% 1.34% +0.43
NFLX Netflix Inc. Add +8.1% 1.28% +0.40
ECL Ecolab Inc. New 0.37% +0.37
WMT Walmart Inc. Add +39.6% 1.07% +0.33
TJX TJX Companies Inc. Add +71.2% 0.84% +0.32
NOW ServiceNow Inc. Add +1.2% 1.27% +0.23
URI United Rentals Inc. Add +1.8% 1.80% +0.22
ADI Analog Devices Inc. Add +0.8% 2.15% +0.21
AMAT Applied Materials Inc. Add +1.1% 1.19% +0.19
CEG Constellation Energy New 0.18% +0.18
TXN Texas Instruments Inc. Add +27.6% 0.60% +0.16
KIM Kimco Realty Corp. New 0.14% +0.14
MCK McKesson Corp. Add +60.7% 0.34% +0.13
WFC Wells Fargo & Co. Add +1.8% 1.79% +0.10
DIS The Walt Disney Co. Add +2.6% 0.52% +0.09
PYPL PayPal Holdings Inc. Add +3.7% 0.93% +0.08
BLK BlackRock Inc. Add +0.3% 2.18% +0.07
ANET Arista Networks Inc. Add +1.2% 0.36% +0.07
GLW Corning Inc. Add +0.5% 0.58% +0.04
EFA iShares MSCI Eafe ETF Add +8.4% 0.38% +0.04
NUE Nucor Corp. Add +5.2% 0.55% +0.03
BSX Boston Scientific Corp. Add +1.6% 2.05% +0.01
DKS Dick's Sporting Goods Inc. Add +0.5% 0.16% −0.01
FLOT iShares Floating Rate Bond E Add +1.4% 0.40% −0.02
BDX Becton Dickinson and Co. Add +19.9% 0.31% −0.06
ADBE Adobe Inc. Add +1.1% 1.21% −0.06
V Visa Inc. Class A Add +0.0% 2.44% −0.14
TMO Thermo Fisher Scientific Inc. Add +2.0% 0.88% −0.26
TRGP Targa Resources Corp. Add +1.9% 1.68% −0.36

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