Argyle Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Argyle Capital Management, LLC reported 137 stock positions worth $299.5 million. Its top holding was Microsoft (MSFT) at 4.4% of the portfolio, followed by Eli Lilly (LLY, 4.0%) and JPMorgan Chase (JPM, 3.2%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 33 and reduced 23. The biggest buy was Merck (MRK, shares +6%) and the biggest sale Oracle (ORCL, shares −0%).

Most Recent 13F
Q2 2026
Location
CENTER VALLEY, PA
CIK
0001321194
Portfolio Value
$299.5M (Q4 2025)
SEC Filing
0001321194-26-000002 ↗ filed Jan 29, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $258.4M Q1 2024 Q2 2024: $243.0M Q2 2024 Q3 2024: $251.2M Q3 2024 Q4 2024: $253.8M Q4 2024 Q1 2025: $269.2M Q1 2025 Q2 2025: $275.8M Q2 2025 Q3 2025: $289.2M Q3 2025 Q4 2025: $299.5M $299.5M Q4 2025 Q1 2026: $307.7M Q1 2026 Q2 2026: $347.2M Q2 2026

Holdings 137 stocks · $299.5M
MSFT Microsoft Corp. 4.37% 27,055 $13.1M Reduce -0.5%
LLY Eli Lilly & Co. 3.97% 11,077 $11.9M Reduce -0.3%
JPM JPMorgan Chase & Co. 3.18% 29,554 $9.5M Reduce -0.5%
MCK McKesson Corp. 2.92% 10,674 $8.8M Reduce -0.2%
RTX RTX Corp. 2.54% 41,501 $7.6M Reduce -0.7%
PNC PNC Financial Services Group 2.40% 34,425 $7.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.33% 23,535 $7.0M No change
MRK Merck & Co. Inc. 2.23% 63,516 $6.7M Add +6.1%
CAT Caterpillar Inc. 2.14% 11,204 $6.4M Reduce -2.8%
AMGN Amgen Inc. 2.12% 19,371 $6.3M No change
CSCO Cisco Systems Inc. 2.00% 77,756 $6.0M Reduce -0.0%
JNJ Johnson & Johnson 1.79% 25,904 $5.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.69% 92,142 $5.1M No change
DE Deere & Co. 1.69% 10,853 $5.1M No change
ORCL Oracle Corp. 1.61% 24,771 $4.8M Reduce -0.2%
PHM Pultegroup Inc. 1.57% 39,991 $4.7M Reduce -2.7%
GM General Motors Co. 1.50% 55,419 $4.5M Reduce -1.3%
EMR Emerson Electric Co. 1.50% 33,824 $4.5M No change
INTC Intel Corp. 1.45% 117,905 $4.4M Reduce -0.1%
CVX Chevron Corp. 1.36% 26,758 $4.1M Add +1.8%
WFC Wells Fargo & Co. 1.30% 41,873 $3.9M Reduce -0.0%
BMY Bristol-Myers Squibb Co. 1.30% 71,962 $3.9M Add +4.8%
T AT&T Inc. 1.28% 153,749 $3.8M Add +1.3%
PAYX Paychex Inc. 1.26% 33,560 $3.8M Add +4.4%
HPE Hewlett Packard Enterprise 1.26% 156,693 $3.8M No change
ENB Enbridge Inc. 1.26% 78,666 $3.8M No change
DUK Duke Energy Corp. 1.21% 31,034 $3.6M Add +2.1%
KO The Coca-Cola Co. 1.21% 52,020 $3.6M Reduce -0.4%
PFE Pfizer Inc. 1.21% 145,926 $3.6M Add +5.8%
MDT Medtronic PLC 1.20% 37,260 $3.6M Add +0.5%
COP Conocophillips 1.17% 37,577 $3.5M Reduce -0.1%
GPC Genuine Parts Co. 1.17% 28,511 $3.5M No change
VZ Verizon Communications Inc. 1.15% 84,604 $3.4M Add +2.2%
ALL Allstate Corp. 1.10% 15,790 $3.3M No change
CB Chubb Ltd. 1.09% 10,498 $3.3M Add +5.0%
MMM 3M Co. 1.07% 20,048 $3.2M No change
MET Metlife Inc. 1.04% 39,395 $3.1M Add +4.6%
WAT Waters Corp. 0.96% 7,550 $2.9M No change
UPS United Parcel Service Class B 0.91% 27,505 $2.7M Add +0.4%
PSX Phillips 66 0.90% 20,867 $2.7M No change
DELL Dell Technologies -C 0.84% 19,896 $2.5M No change
PPL PPL Corp. 0.84% 71,516 $2.5M Add +1.4%
WM Waste Management Inc. 0.83% 11,327 $2.5M No change
CEG Constellation Energy 0.83% 7,019 $2.5M Reduce -0.9%
HSY The Hershey Co. 0.82% 13,511 $2.5M No change
TFC Truist Financial Corp. 0.82% 49,616 $2.4M Add +0.5%
CVS CVS Health Corp. 0.81% 30,417 $2.4M No change
SO The Southern Co. 0.76% 26,271 $2.3M No change
FITB Fifth Third Bancorp 0.65% 41,900 $2.0M Add +9.1%
HAL Halliburton Co. 0.65% 68,585 $1.9M Add +10.5%
GE General Electric filed as GE AEROSPACE 0.65% 6,272 $1.9M No change
AVGO Broadcom Inc. 0.62% 5,358 $1.9M No change
GEHC GE Healthcare Technology 0.61% 22,372 $1.8M Add +15.2%
CMCSA Comcast Corp. Class A 0.61% 61,186 $1.8M No change
FCX Freeport-McMoran Inc. 0.60% 35,670 $1.8M No change
VRSN Verisign Inc. 0.60% 7,434 $1.8M No change
APD Air Products & Chemicals Inc. 0.60% 7,299 $1.8M Add +40.4%
SLB SLB Ltd. filed as SLB LIMITED 0.60% 46,616 $1.8M No change
WY Weyerhaeuser Co. 0.58% 73,500 $1.7M Add +0.7%
PG The Procter & Gamble Co. 0.58% 12,142 $1.7M No change
CTVA Corteva Inc. 0.58% 25,927 $1.7M No change
DOW Dow Inc. 0.58% 74,158 $1.7M Add +22.8%
EXC Exelon Corp. 0.55% 37,542 $1.6M Add +13.3%
F Ford Motor Co. filed as FORD MTR CO 0.54% 123,410 $1.6M Add +0.5%
GEV GE Vernova Inc. 0.50% 2,281 $1.5M No change
GPN Global Payments Inc. 0.49% 19,005 $1.5M Add +4.4%
SON Sonoco Products Co. 0.48% 32,958 $1.4M Add +1.2%
XOM Exxon Mobil Corp. 0.46% 11,564 $1.4M No change
UGI Ugi Corp. 0.46% 36,874 $1.4M No change
AAPL Apple Inc. 0.43% 4,745 $1.3M No change
NXPI NXP Semiconductors NV 0.41% 5,649 $1.2M Add +6.6%
FOUR SHIFT4 Payments Inc. Class A 0.40% 19,250 $1.2M Add +37.5%
ADM Archer-Daniels-Midland Co. 0.40% 21,025 $1.2M Add +2.2%
Q Qnity Electronics Inc. 0.40% 14,587 $1.2M No change
DD Dupont DE Nemours Inc. 0.39% 29,196 $1.2M No change
TT Trane Technologies PLC 0.39% 3,000 $1.2M No change
GLW Corning Inc. 0.38% 12,869 $1.1M No change
TRP TC Energy Corp. 0.37% 20,400 $1.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.37% 2,226 $1.1M No change
BAX Baxter International Inc. 0.37% 57,779 $1.1M Reduce -0.9%
FISV Fiserv Inc. 0.35% 15,614 $1.0M Reduce -3.0%
HPQ HP Inc. 0.34% 45,575 $1.0M Add +9.6%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.34% 23,233 $1.0M No change
VLO Valero Energy Corp. 0.30% 5,500 $895K No change
BP BP PLC-Spons ADR 0.29% 25,407 $882K No change
PEP Pepsico Inc. 0.28% 5,750 $825K Reduce -15.4%
DXC DXC Technology Co. 0.27% 54,967 $805K Add +37.2%
ABBV Abbvie Inc. 0.26% 3,450 $788K No change
AEP American Electric Power 0.25% 6,600 $761K No change
TTE Totalenergies SE -Spon ADR 0.25% 11,400 $746K Add +16.3%
QCOM Qualcomm Inc. 0.24% 4,209 $720K No change
MKC McCormick & Co.-Non VTG SHRS 0.24% 10,550 $719K No change
MCO Moody's Corp. 0.24% 1,400 $715K No change
NSC Norfolk Southern Corp. 0.24% 2,462 $711K No change
FLO Flowers Foods Inc. 0.23% 63,934 $696K Reduce -9.5%
MGA Magna International Inc. 0.22% 12,600 $672K No change
GWW WW Grainger Inc. 0.22% 665 $671K No change
CAG Conagra Brands Inc. 0.22% 38,245 $662K No change
MSI Motorola Solutions Inc. 0.22% 1,699 $651K No change
KHC The Kraft Heinz Co. 0.22% 26,690 $647K Add +4.5%

Show all 137 holdings

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -0.2% 1.61% −0.80
MSFT Microsoft Corp. Reduce -0.5% 4.37% −0.50
FISV Fiserv Inc. Reduce -3.0% 0.35% −0.37
PHM Pultegroup Inc. Reduce -2.7% 1.57% −0.31
BAX Baxter International Inc. Reduce -0.9% 0.37% −0.09
FLO Flowers Foods Inc. Reduce -9.5% 0.23% −0.09
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.08
LH Laboratory CRP of Amer Hldgs Sold out 0.00% −0.08
JPM JPMorgan Chase & Co. Reduce -0.5% 3.18% −0.06
COP Conocophillips Reduce -0.1% 1.17% −0.06
PEP Pepsico Inc. Reduce -15.4% 0.28% −0.05
NVDA Nvidia Corp. Reduce -8.6% 0.20% −0.03
PLTR Palantir Technologies Inc. Class A Reduce -16.7% 0.09% −0.02
SOLV Solventum Corp. Reduce -3.3% 0.10% +0.00
KO The Coca-Cola Co. Reduce -0.4% 1.21% +0.02
CEG Constellation Energy Reduce -0.9% 0.83% +0.02
WBD Warner Bros Discovery Inc. Reduce -3.6% 0.09% +0.03
MCK McKesson Corp. Reduce -0.2% 2.92% +0.07
INTC Intel Corp. Reduce -0.1% 1.45% +0.08
WFC Wells Fargo & Co. Reduce -0.0% 1.30% +0.09
RTX RTX Corp. Reduce -0.7% 2.54% +0.12
CSCO Cisco Systems Inc. Reduce -0.0% 2.00% +0.16
CAT Caterpillar Inc. Reduce -2.8% 2.14% +0.24
GM General Motors Co. Reduce -1.3% 1.50% +0.32
LLY Eli Lilly & Co. Reduce -0.3% 3.97% +1.04

Portfolio Buys Q3 2025 → Q4 2025
MRK Merck & Co. Inc. Add +6.1% 2.23% +0.49
BMY Bristol-Myers Squibb Co. Add +4.8% 1.30% +0.22
UPS United Parcel Service Class B Add +0.4% 0.91% +0.12
HAL Halliburton Co. Add +10.5% 0.65% +0.12
CB Chubb Ltd. Add +5.0% 1.09% +0.12
APD Air Products & Chemicals Inc. Add +40.4% 0.60% +0.11
GEHC GE Healthcare Technology Add +15.2% 0.61% +0.11
CC The Chemours Co. New 0.10% +0.10
DOW Dow Inc. Add +22.8% 0.58% +0.10
DXC DXC Technology Co. Add +37.2% 0.27% +0.08
MKL Markel Group Inc. New 0.07% +0.07
KMT Kennametal Inc. New 0.07% +0.07
FITB Fifth Third Bancorp Add +9.1% 0.65% +0.06
TTE Totalenergies SE -Spon ADR Add +16.3% 0.25% +0.05
TFC Truist Financial Corp. Add +0.5% 0.82% +0.03
F Ford Motor Co. Add +0.5% 0.54% +0.03
EXC Exelon Corp. Add +13.3% 0.55% +0.03
FOUR SHIFT4 Payments Inc. Class A Add +37.5% 0.40% +0.03
DVN Devon Energy Corp. Add +21.9% 0.10% +0.02
PFE Pfizer Inc. Add +5.8% 1.21% −0.00
SON Sonoco Products Co. Add +1.2% 0.48% −0.00
NXPI NXP Semiconductors NV Add +6.6% 0.41% −0.01
KMB Kimberly-Clark Corp. Add +20.5% 0.19% −0.01
KHC The Kraft Heinz Co. Add +4.5% 0.22% −0.01
ADM Archer-Daniels-Midland Co. Add +2.2% 0.40% −0.02
MDT Medtronic PLC Add +0.5% 1.20% −0.03
GPN Global Payments Inc. Add +4.4% 0.49% −0.03
MET Metlife Inc. Add +4.6% 1.04% −0.03
WY Weyerhaeuser Co. Add +0.7% 0.58% −0.04
CVX Chevron Corp. Add +1.8% 1.36% −0.05
HPQ HP Inc. Add +9.6% 0.34% −0.05
PPL PPL Corp. Add +1.4% 0.84% −0.07
DUK Duke Energy Corp. Add +2.1% 1.21% −0.09
VZ Verizon Communications Inc. Add +2.2% 1.15% −0.11
PAYX Paychex Inc. Add +4.4% 1.26% −0.15
T AT&T Inc. Add +1.3% 1.28% −0.21

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 138$347.2MINTC, LLY, CAT, MSFT, JPM
Q1 2026 137$307.7MMSFT, LLY, MCK, JPM, RTX
Q4 2025 137$299.5MMSFT, LLY, JPM, MCK, RTX
Q3 2025 135$289.2MMSFT, JPM, LLY, MCK, RTX
Q2 2025 132$275.8MMSFT, LLY, JPM, MCK, IBM
Q1 2025 130$269.2MMSFT, LLY, MCK, JPM, AMGN
Q4 2024 127$253.8MMSFT, LLY, MCK, JPM, PNC
Q3 2024 124$251.2MMSFT, LLY, JPM, MCK, AMGN
Q2 2024 122$243.0MMSFT, LLY, MCK, MRK, AMGN
Q1 2024 118$258.4MMSFT, LLY, MRK, MCK, JPM