Mengis Capital Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Mengis Capital Management, Inc. reported 214 stock positions worth $655.6 million. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Alphabet Class C (GOOG, 3.4%). Compared with Q1 2026, it opened 10 new positions, sold out of 6, added to 81 and reduced 67. The biggest buy was Marvell Technology (MRVL, shares +1%) and the biggest sale Chevron (CVX, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $655.6M (Q2 2026)
- SEC Filing
- 0001609674-26-000004 ↗ filed Jul 28, 2026
Holdings Value
Holdings 214 stocks · $655.6M
| AAPL Apple Inc. | 6.25% | 141,611 | $41.0M | Reduce -0.1% |
| MSFT Microsoft Corp. | 3.97% | 69,793 | $26.0M | Add +9.3% |
| GOOG Alphabet Inc. Class C | 3.44% | 63,775 | $22.5M | Add +0.0% |
| PWR Quanta Services Inc. | 2.90% | 26,408 | $19.0M | Reduce -6.4% |
| JPM JPMorgan Chase & Co. | 2.71% | 54,286 | $17.8M | Reduce -0.0% |
| DE Deere & Co. | 2.62% | 27,124 | $17.2M | Add +0.0% |
| CVX Chevron Corp. | 2.47% | 97,795 | $16.2M | Reduce -0.2% |
| GSIE Goldman Sachs Activebeta Int | 2.15% | 309,091 | $14.1M | Add +1.6% |
| MRVL Marvell Technology Inc. | 2.12% | 46,555 | $13.9M | Add +1.2% |
| ATI Ati Inc. | 2.09% | 69,614 | $13.7M | Reduce -1.5% |
| PCAR Paccar Inc. | 2.04% | 111,314 | $13.4M | No change |
| LLY Eli Lilly & Co. | 1.86% | 10,186 | $12.2M | Add +3.1% |
| QCOM Qualcomm Inc. | 1.85% | 65,488 | $12.1M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 1.74% | 47,943 | $11.4M | Add +3.4% |
| NVS Novartis AG-Sponsored ADR | 1.68% | 70,348 | $11.0M | Reduce -0.4% |
| JNJ Johnson & Johnson | 1.59% | 40,975 | $10.4M | Add +0.0% |
| COST Costco Wholesale Corp. | 1.51% | 10,561 | $9.9M | Reduce -0.1% |
| AZN Astrazeneca PLC-Spons ADR | 1.35% | 46,736 | $8.9M | Add +0.1% |
| XOM Exxonmobil Holdings Corp. | 1.30% | 62,238 | $8.5M | Reduce -0.3% |
| PM Philip Morris International | 1.22% | 44,262 | $8.0M | Reduce -0.3% |
| MDT Medtronic PLC | 1.15% | 96,412 | $7.5M | Add +0.1% |
| MOAT Vaneck Morningstar Wide Moat | 1.10% | 69,347 | $7.2M | Add +3.0% |
| DELL Dell Technologies -C | 1.03% | 15,722 | $6.8M | Reduce -10.4% |
| SCHX Schwab US Large-Cap ETF | 1.01% | 223,908 | $6.6M | Add +8.0% |
| BA The Boeing Co. | 1.00% | 30,200 | $6.5M | Add +13.2% |
| SCHM Schwab US Mid Cap ETF | 0.98% | 174,436 | $6.4M | Add +3.3% |
| PEP Pepsico Inc. | 0.97% | 46,880 | $6.3M | Add +5.1% |
| MRK Merck & Co. Inc. | 0.96% | 48,873 | $6.3M | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.85% | 9,600 | $5.6M | Reduce -0.8% |
| EMR Emerson Electric Co. | 0.85% | 38,867 | $5.6M | Reduce -0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.85% | 19,703 | $5.5M | No change |
| UNP Union Pacific Corp. | 0.84% | 20,250 | $5.5M | Add +18.3% |
| CLX Clorox Company | 0.83% | 57,240 | $5.5M | Add +15.1% |
| NSRGY Nestle SA-Spons ADR | 0.81% | 51,895 | $5.3M | Add +1.6% |
| AVGO Broadcom Inc. | 0.81% | 14,079 | $5.3M | Add +12.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.77% | 2,523 | $5.0M | Add +0.4% |
| IAU iShares Gold Trust | 0.76% | 66,213 | $5.0M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.75% | 9,880 | $4.9M | Add +0.4% |
| HSY The Hershey Co. | 0.74% | 27,555 | $4.8M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.74% | 6,461 | $4.8M | Reduce -0.3% |
| BAC Bank of America Corp. | 0.73% | 84,217 | $4.8M | Reduce -0.2% |
| HUBB Hubbell Inc. | 0.72% | 9,000 | $4.7M | No change |
| CMI Cummins Inc. | 0.70% | 6,457 | $4.6M | Reduce -0.1% |
| GSLC Goldman Activebeta US LC ETF | 0.65% | 30,154 | $4.3M | Add +5.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.64% | 90,610 | $4.2M | Add +0.0% |
| SCHD Schwab US DVD Equity ETF | 0.61% | 126,627 | $4.0M | Add +0.7% |
| WWD Woodward Inc. | 0.61% | 9,438 | $4.0M | No change |
| BINC iShares Flex I A ETF-Usd Inc. | 0.60% | 75,490 | $4.0M | Add +1.7% |
| KO The Coca-Cola Co. | 0.59% | 47,583 | $3.9M | No change |
| STX Seagate Technology Holdings | 0.58% | 3,960 | $3.8M | Reduce -5.4% |
| SCHW Schwab (charles) Corp. | 0.58% | 41,058 | $3.8M | Reduce -0.1% |
| MKC McCormick & Co.-Non VTG SHRS | 0.55% | 71,740 | $3.6M | Reduce -5.2% |
| GOOGL Alphabet Inc. Class A | 0.52% | 9,555 | $3.4M | Add +0.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.51% | 70,145 | $3.4M | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 0.51% | 4,430 | $3.3M | Reduce -0.4% |
| RTX RTX Corp. | 0.48% | 16,704 | $3.2M | Reduce -0.1% |
| PNC PNC Financial Services Group | 0.46% | 12,370 | $3.0M | Add +0.3% |
| MMM 3M Co. | 0.45% | 18,333 | $3.0M | Reduce -0.1% |
| GEHC GE Healthcare Technology | 0.45% | 45,907 | $2.9M | No change |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.45% | 85,537 | $2.9M | Add +21.0% |
| FDX FedEx Corp. | 0.44% | 9,161 | $2.9M | Add +0.0% |
| VLO Valero Energy Corp. | 0.42% | 10,518 | $2.7M | Reduce -0.6% |
| AXP American Express Co. | 0.40% | 7,791 | $2.6M | Add +0.0% |
| FLR Fluor Corp. | 0.40% | 49,835 | $2.6M | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.40% | 17,700 | $2.6M | Add +0.0% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 5,085 | $2.5M | Add +393.7% |
| KEYS Keysight Technologies Inc. | 0.38% | 7,113 | $2.5M | No change |
| KR Kroger Co. | 0.38% | 44,557 | $2.5M | No change |
| BRKR Bruker Corp. | 0.37% | 40,750 | $2.5M | No change |
| SPXC SPX Technologies Inc. | 0.37% | 10,000 | $2.5M | No change |
| MPC Marathon Petroleum Corp. | 0.36% | 9,300 | $2.4M | Reduce -9.7% |
| BMY Bristol-Myers Squibb Co. | 0.36% | 40,778 | $2.3M | Reduce -0.2% |
| INTC Intel Corp. | 0.36% | 16,811 | $2.3M | No change |
| FLS Flowserve Corp. | 0.36% | 31,505 | $2.3M | No change |
| NXPI NXP Semiconductors NV | 0.35% | 8,280 | $2.3M | Add +1.2% |
| ABBV Abbvie Inc. | 0.35% | 9,174 | $2.3M | Reduce -0.5% |
| A Agilent Technologies Inc. | 0.33% | 16,496 | $2.2M | Add +13.8% |
| AMGN Amgen Inc. | 0.33% | 6,047 | $2.2M | No change |
| HD Home Depot Inc. | 0.33% | 6,181 | $2.2M | Add +0.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.33% | 25,778 | $2.2M | Reduce -0.5% |
| NKE Nike Inc. Class B | 0.33% | 52,172 | $2.1M | Reduce -5.7% |
| FSLR First Solar Inc. | 0.32% | 8,971 | $2.1M | Add +17.4% |
| WAB Wabtec Corp. | 0.32% | 7,815 | $2.1M | No change |
| BSV Vanguard Short-Term Bond ETF | 0.32% | 26,592 | $2.1M | Add +2.4% |
| VCIT Vanguard Int-Term Corporate | 0.31% | 24,926 | $2.1M | Add +5.3% |
| ETN Eaton Corp. PLC | 0.31% | 4,828 | $2.1M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 20,502 | $2.0M | Reduce -3.8% |
| Q Qnity Electronics Inc. | 0.27% | 10,944 | $1.8M | Reduce -0.3% |
| FTI Technipfmc PLC | 0.26% | 25,460 | $1.7M | Add +31.5% |
| UBER Uber Technologies Inc. | 0.26% | 23,295 | $1.7M | Add +0.3% |
| COLB Columbia Banking System Inc. | 0.25% | 52,115 | $1.7M | Add +0.9% |
| NVDA Nvidia Corp. | 0.25% | 8,340 | $1.7M | Add +1.1% |
| TDY Teledyne Technologies Inc. | 0.24% | 2,397 | $1.6M | No change |
| PFUPX PIMCO Intl BND Unhdg-I2 | 0.24% | 209,685 | $1.6M | Add +2.1% |
| XYL Xylem Inc. | 0.24% | 13,188 | $1.6M | New |
| BSX Boston Scientific Corp. | 0.24% | 36,445 | $1.6M | Reduce -22.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 3,226 | $1.5M | Add +11.2% |
| PFE Pfizer Inc. | 0.23% | 63,373 | $1.5M | Reduce -0.3% |
| FCX Freeport-McMoran Inc. | 0.23% | 23,984 | $1.5M | Reduce -1.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.23% | 18,932 | $1.5M | Add +0.6% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 29,867 | $600K | Reduce -1.3% |
| US BANCORP (USB F PERP B*) | COM | 31,602 | $581K | Reduce -0.9% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 19,590 | $481K | Reduce -2.5% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 17,053 | $413K | No change |
Total filed on the 13F, all lines: $657.7M.
Portfolio Sells Q1 2026 → Q2 2026
| CVX Chevron Corp. | Reduce -0.2% | 2.47% | −1.03 |
| XOM Exxonmobil Holdings Corp. | Reduce -0.3% | 1.30% | −0.53 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 1.51% | −0.31 |
| BSX Boston Scientific Corp. | Reduce -22.6% | 0.24% | −0.27 |
| NTR Nutrien Ltd. | Reduce -54.4% | 0.10% | −0.20 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.4% | 1.68% | −0.18 |
| NKE Nike Inc. Class B | Reduce -5.7% | 0.33% | −0.18 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.17 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -5.2% | 0.55% | −0.11 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 0.58% | −0.09 |
| PFE Pfizer Inc. | Reduce -0.3% | 0.23% | −0.08 |
| RTX RTX Corp. | Reduce -0.1% | 0.48% | −0.07 |
| MPC Marathon Petroleum Corp. | Reduce -9.7% | 0.36% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.2% | 0.36% | −0.07 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.96% | −0.06 |
| DIS The Walt Disney Co. | Reduce -3.8% | 0.30% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.0% | 2.71% | −0.05 |
| PM Philip Morris International | Reduce -0.3% | 1.22% | −0.05 |
| EQT Eqt Corp. | Reduce -2.8% | 0.11% | −0.04 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.04 |
| WMT Walmart Inc. | Reduce -0.1% | 0.17% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -4.1% | 0.10% | −0.04 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.04 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.04 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.04 |
| VLO Valero Energy Corp. | Reduce -0.6% | 0.42% | −0.03 |
| NOW ServiceNow Inc. | Reduce -3.0% | 0.14% | −0.03 |
| EMR Emerson Electric Co. | Reduce -0.0% | 0.85% | −0.03 |
| VTIP Vanguard Short-Term Tips | Reduce -6.8% | 0.13% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -1.2% | 0.15% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -0.6% | 0.06% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -1.6% | 0.23% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.6% | 0.06% | −0.02 |
| FDXF FedEx Freight Holding Co. | Reduce -0.1% | 0.11% | −0.01 |
| XLE SS Energy Select Sector | Reduce -3.7% | 0.03% | −0.01 |
| BIV Vanguard Intermediate-Term B | Reduce -1.2% | 0.07% | −0.01 |
| MMM 3M Co. | Reduce -0.1% | 0.45% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.5% | 0.33% | −0.01 |
| UL Unilever PLC | Reduce -0.5% | 0.08% | −0.01 |
| UPS United Parcel Service Class B | Reduce -1.3% | 0.13% | −0.01 |
| FLR Fluor Corp. | Reduce -0.7% | 0.40% | −0.01 |
| FNPFX Amer FNDS New Perspect-F3 | Reduce -6.6% | 0.08% | −0.01 |
| AIR Aar Corp. | Reduce -16.4% | 0.10% | −0.00 |
| ABNB Airbnb Inc. Class A | Reduce -3.2% | 0.08% | −0.00 |
| KMB Kimberly-Clark Corp. | Reduce -0.5% | 0.17% | 0.00 |
| SCHV Schwab US Large-Cap Value | Reduce -0.8% | 0.07% | 0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.1% | 0.04% | +0.00 |
| SDZNY Sandoz Group AG-ADR | Reduce -0.7% | 0.04% | +0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -0.7% | 0.18% | +0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| MRVL Marvell Technology Inc. | Add +1.2% | 2.12% | +1.33 |
| TMO Thermo Fisher Scientific Inc. | Add +393.7% | 0.39% | +0.30 |
| LLY Eli Lilly & Co. | Add +3.1% | 1.86% | +0.29 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 3.44% | +0.28 |
| XYL Xylem Inc. | New | 0.24% | +0.24 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.4% | 0.77% | +0.19 |
| AVGO Broadcom Inc. | Add +12.2% | 0.81% | +0.14 |
| UNP Union Pacific Corp. | Add +18.3% | 0.84% | +0.12 |
| SCHX Schwab US Large-Cap ETF | Add +8.0% | 1.01% | +0.09 |
| BA The Boeing Co. | Add +13.2% | 1.00% | +0.08 |
| SCHM Schwab US Mid Cap ETF | Add +3.3% | 0.98% | +0.08 |
| NXPI NXP Semiconductors NV | Add +1.2% | 0.35% | +0.08 |
| AMZN Amazon.com Inc. | Add +3.4% | 1.74% | +0.07 |
| DVN Devon Energy Corp. | New | 0.07% | +0.07 |
| MDLN Medline Inc. Class A | New | 0.07% | +0.07 |
| ISRG Intuitive Surgical Inc. | Add +259.1% | 0.11% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.2% | 0.23% | +0.07 |
| FSLR First Solar Inc. | Add +17.4% | 0.32% | +0.06 |
| BE Bloom Energy Corp. Class A | New | 0.05% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 0.52% | +0.05 |
| A Agilent Technologies Inc. | Add +13.8% | 0.33% | +0.05 |
| GEM Goldman Sachs Activebeta Em | Add +15.9% | 0.20% | +0.04 |
| GSLC Goldman Activebeta US LC ETF | Add +5.7% | 0.65% | +0.04 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.03% | +0.03 |
| AIVL Wisdomtree US AI Enhanced Va | New | 0.03% | +0.03 |
| VXF Vanguard Extended Market ETF | New | 0.03% | +0.03 |
| AVAV Aerovironment Inc. | Add +108.8% | 0.08% | +0.03 |
| EVRG Evergy Inc. | New | 0.03% | +0.03 |
| SLF Sun Life Financial Inc. | New | 0.03% | +0.03 |
| FTI Technipfmc PLC | Add +31.5% | 0.26% | +0.03 |
| CRVS Corvus Pharmaceuticals Inc. | New | 0.02% | +0.02 |
| PNC PNC Financial Services Group | Add +0.3% | 0.46% | +0.02 |
| TXN Texas Instruments Inc. | Add +6.7% | 0.05% | +0.02 |
| USB US Bancorp | Add +5.6% | 0.19% | +0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +7.2% | 0.11% | +0.01 |
| COLB Columbia Banking System Inc. | Add +0.9% | 0.25% | +0.01 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +0.1% | 0.12% | +0.01 |
| BCD Abrdn Bloomberg All Commodit | Add +21.0% | 0.45% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +8.5% | 0.11% | +0.01 |
| ADI Analog Devices Inc. | Add +1.0% | 0.06% | +0.01 |
| NVDA Nvidia Corp. | Add +1.1% | 0.25% | +0.01 |
| V Visa Inc. Class A | Add +13.9% | 0.04% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +3.1% | 0.07% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Add +3.5% | 0.06% | +0.00 |
| FXAIX Fidelity 500 Index Fund | Add +1.3% | 0.10% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +0.0% | 0.07% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.5% | 0.12% | +0.00 |
| SBUX Starbucks Corp. | Add +0.6% | 0.15% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.1% | 0.05% | +0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Add +2.2% | 0.04% | +0.00 |
Notes & Other Activity Q1 2026 → Q2 2026
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Reduce -1.3% | 29,867 | $600K |
| US BANCORP (USB F PERP B*) | COM | Reduce -0.9% | 31,602 | $581K |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Reduce -2.5% | 19,590 | $481K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 214 | $655.6M | AAPL, MSFT, GOOG, PWR, JPM |
| Q1 2026 | 208 | $578.9M | AAPL, MSFT, CVX, GOOG, JPM |
| Q4 2025 | 205 | $563.6M | AAPL, MSFT, GOOG, JPM, CVX |
| Q3 2025 | 203 | $506.1M | AAPL, MSFT, JPM, GOOG, CVX |
| Q2 2025 | 195 | $468.1M | MSFT, AAPL, JPM, CVX, DE |
| Q1 2025 | 186 | $476.3M | AAPL, MSFT, CVX, JPM, PCAR |
| Q4 2024 | 184 | $486.9M | AAPL, MSFT, CVX, PCAR, JPM |
| Q3 2024 | 179 | $505.6M | AAPL, MSFT, PCAR, CVX, COST |
| Q2 2024Amended | 176 | $490.9M | AAPL, MSFT, PCAR, CVX, QCOM |
| Q1 2024Amended | 210 | $644.9M | MSFT, PCAR, AAPL, COST, MRK |