Argus Investors' Counsel, Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Argus Investors' Counsel, Inc. reported 106 stock positions worth $129.9 million. Its top holding was Applied Materials (AMAT) at 5.9% of the portfolio, followed by Nvidia (NVDA, 4.3%) and Alphabet Class A (GOOGL, 4.2%). Compared with Q1 2026, it opened 8 new positions, sold out of 4, added to 27 and reduced 58. The biggest buy was a new position in Dell Technologies -C (DELL) and the biggest sale an exit from Boston Scientific (BSX).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000007195
Portfolio Value
$129.9M (Q2 2026)
SEC Filing
0000007195-26-000003 ↗ filed Jul 31, 2026

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 Q2 2025 Q3 2025: $125.8M Q3 2025 Q4 2025: $125.2M Q4 2025 Q1 2026: $112.5M Q1 2026 Q2 2026: $129.9M $129.9M Q2 2026

Holdings 106 stocks · $129.9M
AMAT Applied Materials Inc. 5.86% 10,528 $7.6M Reduce -2.9%
NVDA Nvidia Corp. 4.28% 27,799 $5.6M Reduce -2.4%
GOOGL Alphabet Inc. Class A 4.23% 15,356 $5.5M Reduce -3.4%
PWR Quanta Services Inc. 4.13% 7,443 $5.4M Reduce -4.0%
LLY Eli Lilly & Co. 3.68% 3,987 $4.8M Reduce -1.9%
ADI Analog Devices Inc. 3.65% 11,932 $4.7M Reduce -2.9%
AAPL Apple Inc. 3.52% 15,813 $4.6M Reduce -3.5%
JPM JPMorgan Chase & Co. 3.40% 13,476 $4.4M Reduce -2.5%
COST Costco Wholesale Corp. 3.06% 4,244 $4.0M Reduce -2.3%
TT Trane Technologies PLC 2.88% 7,618 $3.7M Reduce -2.5%
URI United Rentals Inc. 2.79% 3,196 $3.6M Reduce -2.9%
META Meta Platforms Inc. Class A 2.52% 5,815 $3.3M Reduce -2.5%
AMZN Amazon.com Inc. 2.16% 11,769 $2.8M Reduce -2.7%
V Visa Inc. Class A 2.06% 7,810 $2.7M Reduce -3.0%
WFC Wells Fargo & Co. 1.87% 29,328 $2.4M Reduce -3.4%
BLK BlackRock Inc. 1.77% 2,392 $2.3M Reduce -2.3%
SCHW Schwab (charles) Corp. 1.75% 24,598 $2.3M Reduce -11.9%
TRGP Targa Resources Corp. 1.72% 8,333 $2.2M Reduce -0.5%
ANET Arista Networks Inc. 1.71% 13,108 $2.2M Reduce -2.6%
ORCL Oracle Corp. 1.65% 14,585 $2.1M Reduce -2.7%
PANW Palo Alto Networks Inc. 1.62% 6,185 $2.1M Reduce -3.6%
KLAC KLA Corp. 1.51% 6,517 $2.0M Reduce -4.7%
GD General Dynamics Corp. 1.39% 5,106 $1.8M Reduce -1.7%
SPGI S&P Global Inc. 1.29% 4,124 $1.7M Reduce -2.4%
SNOW Snowflake Inc. 1.26% 6,448 $1.6M Reduce -2.5%
DELL Dell Technologies -C 1.11% 3,341 $1.4M New
MSFT Microsoft Corp. 1.08% 3,761 $1.4M Reduce -0.5%
NYT New York Times Co. Class A 1.06% 19,719 $1.4M Add +7.6%
AVGO Broadcom Inc. 1.06% 3,645 $1.4M Reduce -0.9%
LRCX Lam Research Corp. 1.04% 3,104 $1.3M Reduce -0.7%
CEG Constellation Energy 1.00% 5,248 $1.3M Add +3.9%
DXCM Dexcom Inc. 0.93% 17,876 $1.2M Reduce -2.6%
AXP American Express Co. 0.90% 3,466 $1.2M Reduce -0.1%
GE General Electric filed as GE AEROSPACE 0.88% 3,067 $1.1M Reduce -0.6%
XOM Exxonmobil Holdings Corp. 0.83% 7,893 $1.1M Reduce -1.0%
UBER Uber Technologies Inc. 0.74% 13,350 $963K Add +22.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.74% 6,354 $963K Add +7.7%
DASH DoorDash Inc. Class A 0.74% 5,188 $957K Reduce -3.0%
IWF iShares Russell 1000 Growth 0.71% 7,390 $918K Reduce -11.7%
BNY Bank of New York Mellon Corp. 0.68% 6,112 $884K Reduce -0.6%
WMT Walmart Inc. 0.68% 7,773 $880K Reduce -0.4%
JNJ Johnson & Johnson 0.61% 3,120 $792K Add +3.4%
MA Mastercard Inc. Class A 0.60% 1,522 $782K Reduce -0.3%
MRVL Marvell Technology Inc. 0.54% 2,368 $705K Add +0.2%
PH Parker Hannifin Corp. 0.51% 683 $668K Reduce -1.2%
HWM Howmet Aerospace Inc. 0.50% 2,436 $655K Reduce -0.7%
TSM Taiwan Semiconductor-SP ADR 0.49% 1,340 $640K Add +1.4%
IEI iShares 3-7 Year Treasury Bo 0.48% 5,338 $627K Add +1.8%
TXN Texas Instruments Inc. 0.48% 2,083 $621K Add +0.2%
SPHQ Invesco S&P 500 Quality ETF 0.47% 6,726 $606K Add +33.7%
STT State Street Corp. 0.45% 3,438 $583K Reduce -0.4%
AMGN Amgen Inc. 0.44% 1,567 $567K Reduce -19.7%
DUK Duke Energy Corp. 0.43% 4,448 $563K No change
GLW Corning Inc. 0.41% 2,094 $535K Reduce -25.5%
NDAQ Nasdaq Inc. 0.39% 6,490 $512K Add +3.8%
ECL Ecolab Inc. 0.39% 1,815 $506K Reduce -3.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.39% 1,793 $504K Add +0.2%
SO The Southern Co. 0.39% 5,230 $501K Add +0.3%
EFA iShares MSCI Eafe ETF 0.37% 4,645 $483K Add +0.8%
FLOT iShares Floating Rate Bond E 0.37% 9,414 $481K Add +2.2%
ATO Atmos Energy Corp. 0.37% 2,758 $475K Reduce -0.0%
DMBS Doubleline Mortgage ETF 0.37% 9,674 $475K Add +2.4%
BSV Vanguard Short-Term Bond ETF 0.37% 6,091 $475K Reduce -0.2%
MCK McKesson Corp. 0.36% 625 $472K Reduce -0.6%
BBBS BBLX BBB 1-5Y Corp. Bond ETF 0.36% 9,116 $465K No change
TMO Thermo Fisher Scientific Inc. 0.36% 928 $465K Reduce -0.3%
VCIT Vanguard Int-Term Corporate 0.35% 5,535 $457K Add +2.4%
IWM iShares Russell 2000 ETF 0.33% 1,442 $433K No change
XHLF Bondbloxx BBG 6 MTH US Treas 0.32% 8,344 $420K Reduce -0.1%
RJF Raymond James Financial Inc. 0.32% 2,723 $414K Reduce -0.0%
DHR Danaher Corp. 0.31% 2,098 $400K Reduce -0.4%
PGX Invesco Preferred ETF 0.31% 36,834 $399K Reduce -0.1%
CSCO Cisco Systems Inc. 0.30% 3,366 $395K Reduce -19.0%
NFLX Netflix Inc. 0.29% 5,298 $378K Add +0.1%
CAT Caterpillar Inc. 0.27% 330 $351K Reduce -29.0%
IVV iShares Core S&P 500 ETF 0.27% 464 $347K Reduce -2.1%
VZ Verizon Communications Inc. 0.26% 8,052 $341K Add +0.2%
HOOD Robinhood Markets Inc. Class A 0.26% 3,327 $334K New
NUE Nucor Corp. 0.25% 1,470 $327K Reduce -35.8%
USB US Bancorp 0.24% 5,233 $316K No change
IP International Paper Co. 0.24% 8,285 $316K Add +33.8%
NSC Norfolk Southern Corp. 0.24% 1,000 $315K No change
RTX RTX Corp. 0.24% 1,630 $309K New
MS Morgan Stanley 0.23% 1,460 $305K Reduce -32.1%
SCHD Schwab US DVD Equity ETF 0.22% 9,077 $288K No change
EMR Emerson Electric Co. 0.22% 2,010 $288K No change
UNP Union Pacific Corp. 0.22% 1,050 $286K No change
MAR Marriott International Class A 0.21% 730 $271K Reduce -30.8%
PG The Procter & Gamble Co. 0.20% 1,808 $265K Add +0.3%
ACN Accenture PLC Class A 0.20% 2,115 $263K New
APD Air Products & Chemicals Inc. 0.20% 895 $262K No change
ITW Illinois Tool Works 0.20% 947 $256K Add +0.3%
WM Waste Management Inc. 0.20% 1,141 $254K No change
HD Home Depot Inc. 0.20% 720 $254K No change
BDX Becton Dickinson and Co. 0.18% 1,580 $239K Add +23.4%
ABT Abbott Laboratories 0.18% 2,623 $238K Add +24.0%
AMT American Tower Corp. 0.18% 1,435 $235K No change
SYK Stryker Corp. 0.18% 742 $234K Reduce -41.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.18% 2,395 $231K No change
AMP Ameriprise Financial Inc. 0.17% 483 $222K Add +0.2%
NTAP Netapp Inc. 0.17% 1,401 $217K New
CSX CSX Corp. 0.16% 4,397 $209K New
ENB Enbridge Inc. 0.16% 3,776 $205K Add +1.3%
PSX Phillips 66 0.16% 1,203 $203K Add +0.6%
BAC Bank of America Corp. 0.15% 3,522 $201K New
KIM Kimco Realty Corp. 0.15% 7,896 $200K New

Portfolio Sells Q1 2026 → Q2 2026
BSX Boston Scientific Corp. Sold out 0.00% −1.43
COST Costco Wholesale Corp. Reduce -2.3% 3.06% −0.79
SCHW Schwab (charles) Corp. Reduce -11.9% 1.75% −0.58
META Meta Platforms Inc. Class A Reduce -2.5% 2.52% −0.51
XOM Exxonmobil Holdings Corp. Reduce -1.0% 0.83% −0.37
BLK BlackRock Inc. Reduce -2.3% 1.77% −0.32
ORCL Oracle Corp. Reduce -2.7% 1.65% −0.31
SPGI S&P Global Inc. Reduce -2.4% 1.29% −0.30
WFC Wells Fargo & Co. Reduce -3.4% 1.87% −0.28
JPM JPMorgan Chase & Co. Reduce -2.5% 3.40% −0.22
ZTS Zoetis Inc. Sold out 0.00% −0.20
GD General Dynamics Corp. Reduce -1.7% 1.39% −0.19
SYK Stryker Corp. Reduce -41.5% 0.18% −0.19
ADBE Adobe Inc. Sold out 0.00% −0.19
WMT Walmart Inc. Reduce -0.4% 0.68% −0.18
SHEL Shell PLC-ADR Sold out 0.00% −0.18
AMGN Amgen Inc. Reduce -19.7% 0.44% −0.17
AAPL Apple Inc. Reduce -3.5% 3.52% −0.17
MSFT Microsoft Corp. Reduce -0.5% 1.08% −0.16
TRGP Targa Resources Corp. Reduce -0.5% 1.72% −0.15
NVDA Nvidia Corp. Reduce -2.4% 4.28% −0.13
MCK McKesson Corp. Reduce -0.6% 0.36% −0.12
V Visa Inc. Class A Reduce -3.0% 2.06% −0.10
MAR Marriott International Class A Reduce -30.8% 0.21% −0.10
DXCM Dexcom Inc. Reduce -2.6% 0.93% −0.10
NUE Nucor Corp. Reduce -35.8% 0.25% −0.09
ATO Atmos Energy Corp. Reduce -0.0% 0.37% −0.09
IWF iShares Russell 1000 Growth Reduce -11.7% 0.71% −0.09
MS Morgan Stanley Reduce -32.1% 0.23% −0.08
AMZN Amazon.com Inc. Reduce -2.7% 2.16% −0.08
MA Mastercard Inc. Class A Reduce -0.3% 0.60% −0.08
BSV Vanguard Short-Term Bond ETF Reduce -0.2% 0.37% −0.06
ECL Ecolab Inc. Reduce -3.7% 0.39% −0.06
XHLF Bondbloxx BBG 6 MTH US Treas Reduce -0.1% 0.32% −0.05
PGX Invesco Preferred ETF Reduce -0.1% 0.31% −0.05
TMO Thermo Fisher Scientific Inc. Reduce -0.3% 0.36% −0.05
DHR Danaher Corp. Reduce -0.4% 0.31% −0.05
PH Parker Hannifin Corp. Reduce -1.2% 0.51% −0.04
RJF Raymond James Financial Inc. Reduce -0.0% 0.32% −0.03
AXP American Express Co. Reduce -0.1% 0.90% −0.03
CAT Caterpillar Inc. Reduce -29.0% 0.27% −0.02
TT Trane Technologies PLC Reduce -2.5% 2.88% −0.01
IVV iShares Core S&P 500 ETF Reduce -2.1% 0.27% −0.01
HWM Howmet Aerospace Inc. Reduce -0.7% 0.50% +0.00
CSCO Cisco Systems Inc. Reduce -19.0% 0.30% +0.02
DASH DoorDash Inc. Class A Reduce -3.0% 0.74% +0.02
BNY Bank of New York Mellon Corp. Reduce -0.6% 0.68% +0.03
AVGO Broadcom Inc. Reduce -0.9% 1.06% +0.05
STT State Street Corp. Reduce -0.4% 0.45% +0.06
GLW Corning Inc. Reduce -25.5% 0.41% +0.07

Portfolio Buys Q1 2026 → Q2 2026
DELL Dell Technologies -C New 1.11% +1.11
MRVL Marvell Technology Inc. Add +0.2% 0.54% +0.34
HOOD Robinhood Markets Inc. Class A New 0.26% +0.26
RTX RTX Corp. New 0.24% +0.24
ACN Accenture PLC Class A New 0.20% +0.20
NTAP Netapp Inc. New 0.17% +0.17
CSX CSX Corp. New 0.16% +0.16
BAC Bank of America Corp. New 0.15% +0.15
KIM Kimco Realty Corp. New 0.15% +0.15
SPHQ Invesco S&P 500 Quality ETF Add +33.7% 0.47% +0.13
TXN Texas Instruments Inc. Add +0.2% 0.48% +0.12
TSM Taiwan Semiconductor-SP ADR Add +1.4% 0.49% +0.10
IP International Paper Co. Add +33.8% 0.24% +0.05
UBER Uber Technologies Inc. Add +22.7% 0.74% +0.05
BDX Becton Dickinson and Co. Add +23.4% 0.18% +0.01
IBM Intl Business Machines Corp. Add +0.2% 0.39% +0.00
ABT Abbott Laboratories Add +24.0% 0.18% −0.01
AMP Ameriprise Financial Inc. Add +0.2% 0.17% −0.02
ITW Illinois Tool Works Add +0.3% 0.20% −0.02
ENB Enbridge Inc. Add +1.3% 0.16% −0.02
EFA iShares MSCI Eafe ETF Add +0.8% 0.37% −0.03
PG The Procter & Gamble Co. Add +0.3% 0.20% −0.03
PSX Phillips 66 Add +0.6% 0.16% −0.04
JNJ Johnson & Johnson Add +3.4% 0.61% −0.05
VCIT Vanguard Int-Term Corporate Add +2.4% 0.35% −0.05
FLOT iShares Floating Rate Bond E Add +2.2% 0.37% −0.05
DMBS Doubleline Mortgage ETF Add +2.4% 0.37% −0.05
SO The Southern Co. Add +0.3% 0.39% −0.06
IEI iShares 3-7 Year Treasury Bo Add +1.8% 0.48% −0.07
NDAQ Nasdaq Inc. Add +3.8% 0.39% −0.08
VZ Verizon Communications Inc. Add +0.2% 0.26% −0.10
TJX TJX Companies Inc. Add +7.7% 0.74% −0.10
NFLX Netflix Inc. Add +0.1% 0.29% −0.16
CEG Constellation Energy Add +3.9% 1.00% −0.25
NYT New York Times Co. Class A Add +7.6% 1.06% −0.30

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