Mengis Capital Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Mengis Capital Management, Inc. reported 210 stock positions worth $644.9 million. Its top holding was Microsoft (MSFT) at 10.4% of the portfolio, followed by Paccar (PCAR, 9.1%) and Apple (AAPL, 6.8%). Compared with Q4 2023, it opened 46 new positions, added to 100 and reduced 36. The biggest buy was Microsoft (MSFT, shares +65%) and the biggest sale Bristol-Myers Squibb (BMY, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $644.9M (Q1 2024)
- SEC Filing
- 0001609674-24-000003 ↗ filed May 14, 2024
Holdings Value
Holdings 210 stocks · $644.9M
| MSFT Microsoft Corp. | 10.37% | 158,906 | $66.9M | Add +65.1% |
| PCAR Paccar Inc. | 9.13% | 475,190 | $58.9M | Add +0.5% |
| AAPL Apple Inc. | 6.80% | 255,715 | $43.9M | Add +1.4% |
| COST Costco Wholesale Corp. | 3.09% | 27,160 | $19.9M | Add +5.8% |
| MRK Merck & Co. Inc. | 2.59% | 126,604 | $16.7M | Add +2.9% |
| CVX Chevron Corp. | 2.46% | 100,581 | $15.9M | Add +4.1% |
| DE Deere & Co. | 1.97% | 30,967 | $12.7M | Add +1.7% |
| QCOM Qualcomm Inc. | 1.89% | 72,110 | $12.2M | Reduce -17.2% |
| JPM JPMorgan Chase & Co. | 1.86% | 59,749 | $12.0M | Add +3.1% |
| GOOG Alphabet Inc. Class C | 1.69% | 71,515 | $10.9M | Add +1.8% |
| GSIE Goldman Sachs Activebeta Int | 1.64% | 308,771 | $10.6M | Add +2.4% |
| PWR Quanta Services Inc. | 1.55% | 38,455 | $10.0M | Add +2.3% |
| HUBB Hubbell Inc. | 1.50% | 23,301 | $9.7M | No change |
| HD Home Depot Inc. | 1.49% | 25,037 | $9.6M | Add +0.1% |
| PEP Pepsico Inc. | 1.41% | 51,950 | $9.1M | Add +2.8% |
| JNJ Johnson & Johnson | 1.41% | 57,454 | $9.1M | Add +0.1% |
| XOM Exxon Mobil Corp. | 1.39% | 77,197 | $9.0M | Add +6.3% |
| NVS Novartis AG-Sponsored ADR | 1.26% | 83,793 | $8.1M | Add +2.3% |
| WWD Woodward Inc. | 1.17% | 49,137 | $7.6M | No change |
| AMZN Amazon.com Inc. | 1.09% | 39,104 | $7.1M | Add +0.6% |
| SBUX Starbucks Corp. | 1.07% | 75,265 | $6.9M | Add +633.2% |
| MDT Medtronic PLC | 0.95% | 70,437 | $6.1M | Reduce -22.3% |
| SCHW Schwab (charles) Corp. | 0.93% | 82,858 | $6.0M | Add +0.7% |
| A Agilent Technologies Inc. | 0.92% | 40,593 | $5.9M | Add +0.6% |
| LLY Eli Lilly & Co. | 0.90% | 7,474 | $5.8M | Add +2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.86% | 28,971 | $5.5M | Add +1.1% |
| BRKR Bruker Corp. | 0.83% | 56,690 | $5.3M | No change |
| INTC Intel Corp. | 0.77% | 112,898 | $5.0M | Add +4.8% |
| EMR Emerson Electric Co. | 0.76% | 43,093 | $4.9M | Add +3.3% |
| MOAT Vaneck Morningstar Wide Moat | 0.74% | 53,279 | $4.8M | Add +3.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.73% | 123,326 | $4.7M | Add +14.0% |
| WAT Waters Corp. | 0.72% | 13,500 | $4.6M | No change |
| KR Kroger Co. | 0.72% | 81,049 | $4.6M | Add +11.3% |
| SCHX Schwab US Large-Cap ETF | 0.70% | 73,131 | $4.5M | Add +0.6% |
| BMY Bristol-Myers Squibb Co. | 0.69% | 81,932 | $4.4M | Reduce -35.2% |
| HSY The Hershey Co. | 0.68% | 22,430 | $4.4M | Reduce -3.5% |
| PM Philip Morris International | 0.67% | 47,347 | $4.3M | Add +5.6% |
| CVS CVS Health Corp. | 0.67% | 54,009 | $4.3M | Reduce -7.8% |
| SCHM Schwab US Mid Cap ETF | 0.66% | 52,565 | $4.3M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 10,116 | $4.3M | Add +2.9% |
| ATI Ati Inc. | 0.64% | 80,402 | $4.1M | Add +3.4% |
| ADP Automatic Data Processing | 0.61% | 15,720 | $3.9M | Add +1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 7,380 | $3.9M | Add +0.3% |
| SPXC SPX Technologies Inc. | 0.57% | 30,000 | $3.7M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.54% | 63,056 | $3.5M | Reduce -14.0% |
| KMB Kimberly-Clark Corp. | 0.53% | 26,562 | $3.4M | Add +86.0% |
| USB US Bancorp | 0.52% | 74,336 | $3.3M | New |
| KO The Coca-Cola Co. | 0.51% | 54,173 | $3.3M | Add +7.2% |
| PG The Procter & Gamble Co. | 0.51% | 20,092 | $3.3M | Add +3.2% |
| IAU iShares Gold Trust | 0.48% | 73,123 | $3.1M | Reduce -2.0% |
| FDX FedEx Corp. | 0.48% | 10,595 | $3.1M | Add +4.8% |
| CL Colgate-Palmolive Co. | 0.47% | 33,300 | $3.0M | No change |
| GSLC Goldman Activebeta US LC ETF | 0.46% | 28,701 | $3.0M | Add +3.4% |
| KEYS Keysight Technologies Inc. | 0.46% | 18,979 | $3.0M | No change |
| CTRA Coterra Energy Inc. | 0.45% | 103,358 | $2.9M | Reduce -16.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.44% | 23,110 | $2.8M | Reduce -3.9% |
| BA The Boeing Co. | 0.42% | 14,204 | $2.7M | Add +40.2% |
| VZ Verizon Communications Inc. | 0.42% | 65,030 | $2.7M | Reduce -8.3% |
| BSV Vanguard Short-Term Bond ETF | 0.40% | 33,818 | $2.6M | Add +0.2% |
| HON Honeywell International Inc. | 0.39% | 12,376 | $2.5M | Add +999.1% |
| UBER Uber Technologies Inc. | 0.39% | 32,550 | $2.5M | Reduce -5.1% |
| MPC Marathon Petroleum Corp. | 0.37% | 11,825 | $2.4M | Add +1.3% |
| SCHD Schwab US DVD Equity ETF | 0.36% | 28,417 | $2.3M | Add +13.9% |
| LEN Lennar Corp. Class A | 0.35% | 13,017 | $2.2M | Reduce -1.1% |
| AXP American Express Co. | 0.35% | 9,806 | $2.2M | New |
| CBT Cabot Corp. | 0.34% | 24,000 | $2.2M | New |
| VLO Valero Energy Corp. | 0.34% | 12,746 | $2.2M | Add +0.4% |
| MMM 3M Co. | 0.34% | 20,380 | $2.2M | Reduce -3.5% |
| PFE Pfizer Inc. | 0.33% | 77,499 | $2.2M | Add +21.8% |
| NXPI NXP Semiconductors NV | 0.32% | 8,230 | $2.0M | Add +0.6% |
| DD Dupont DE Nemours Inc. | 0.31% | 26,301 | $2.0M | Reduce -2.0% |
| RTX RTX Corp. | 0.31% | 20,656 | $2.0M | Add +15.4% |
| PNC PNC Financial Services Group | 0.30% | 11,956 | $1.9M | Add +0.9% |
| UPS United Parcel Service Class B | 0.29% | 12,516 | $1.9M | Add +1.8% |
| AMD Advanced Micro Devices | 0.29% | 10,215 | $1.8M | Reduce -5.1% |
| CAT Caterpillar Inc. | 0.29% | 5,027 | $1.8M | Add +249.8% |
| JOE The St Joe Co. | 0.28% | 31,410 | $1.8M | New |
| YUM Yum! Brands Inc. | 0.28% | 13,107 | $1.8M | New |
| GOOGL Alphabet Inc. Class A | 0.26% | 11,031 | $1.7M | Add +15.0% |
| ABBV Abbvie Inc. | 0.26% | 9,108 | $1.7M | Add +2.3% |
| AMGN Amgen Inc. | 0.25% | 5,662 | $1.6M | Add +2.3% |
| CMI Cummins Inc. | 0.25% | 5,457 | $1.6M | Add +2.4% |
| WMT Walmart Inc. | 0.25% | 26,436 | $1.6M | New |
| VEU Vanguard Ftse All-World Ex-U | 0.25% | 27,018 | $1.6M | Add +0.4% |
| BIV Vanguard Intermediate-Term B | 0.24% | 20,819 | $1.6M | Add +7.9% |
| GEHC GE Healthcare Technology | 0.24% | 17,174 | $1.6M | Add +5.3% |
| KMPR Kemper Corp. | 0.24% | 25,148 | $1.6M | No change |
| NTR Nutrien Ltd. | 0.24% | 28,305 | $1.5M | Reduce -3.5% |
| IVV iShares Core S&P 500 ETF | 0.23% | 2,830 | $1.5M | Add +0.1% |
| WM Waste Management Inc. | 0.23% | 6,964 | $1.5M | Add +21.5% |
| SCHP Schwab U.S. Tips ETF | 0.23% | 28,170 | $1.5M | Reduce -0.5% |
| WY Weyerhaeuser Co. | 0.23% | 40,647 | $1.5M | Add +31.1% |
| FLS Flowserve Corp. | 0.22% | 31,730 | $1.4M | Add +0.7% |
| TDY Teledyne Technologies Inc. | 0.21% | 3,211 | $1.4M | Reduce -39.5% |
| COLB Columbia Banking System Inc. | 0.21% | 71,224 | $1.4M | Add +607.9% |
| FCX Freeport-McMoran Inc. | 0.20% | 27,590 | $1.3M | Add +20.6% |
| MCD McDonald's Corp. | 0.20% | 4,582 | $1.3M | Add +1.3% |
| BP BP PLC-Spons ADR | 0.18% | 31,611 | $1.2M | Add +24.1% |
| SCHA Schwab US Small-Cap ETF | 0.18% | 23,903 | $1.2M | Add +3.5% |
| VALARIS PLC SHS CLASS A | 0.18% | 15,610 | $1.2M | No change |
Other holdings (6): bonds, preferreds, convertibles and warrants · $3.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 46,276 | $1.0M | Add +7.5% |
| US BANCORP (USB F PERP B*) | COM | 41,356 | $870K | Add +8.7% |
| GOLDMAN SACHS GROUP INC (GS V6.375 PERP K) | PFD | 28,059 | $715K | Add +0.1% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 17,903 | $452K | Add +2.9% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 10,050 | $250K | Add +2.0% |
| CHS INC (CHSINC 7.875 PERP 1) | PFD | 8,400 | $225K | New |
Total filed on the 13F, all lines: $648.5M.
Portfolio Sells Q4 2023 → Q1 2024
| BMY Bristol-Myers Squibb Co. | Reduce -35.2% | 0.69% | −0.54 |
| QCOM Qualcomm Inc. | Reduce -17.2% | 1.89% | −0.49 |
| MDT Medtronic PLC | Reduce -22.3% | 0.95% | −0.46 |
| BIIB Biogen Inc. | Reduce -68.0% | 0.09% | −0.31 |
| TDY Teledyne Technologies Inc. | Reduce -39.5% | 0.21% | −0.23 |
| CVS CVS Health Corp. | Reduce -7.8% | 0.67% | −0.21 |
| SLB SLB Ltd. | Reduce -14.0% | 0.54% | −0.18 |
| CTRA Coterra Energy Inc. | Reduce -16.1% | 0.45% | −0.15 |
| HSY The Hershey Co. | Reduce -3.5% | 0.68% | −0.14 |
| MMM 3M Co. | Reduce -3.5% | 0.34% | −0.10 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.7% | 0.66% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -8.3% | 0.42% | −0.08 |
| DD Dupont DE Nemours Inc. | Reduce -2.0% | 0.31% | −0.08 |
| NTR Nutrien Ltd. | Reduce -3.5% | 0.24% | −0.07 |
| IAU iShares Gold Trust | Reduce -2.0% | 0.48% | −0.07 |
| GBIL Goldman Sachs Access Treasur | Reduce -27.7% | 0.11% | −0.07 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.5% | 0.23% | −0.05 |
| WBA Walgreens Boots Alliance Inc. | Reduce -8.6% | 0.08% | −0.05 |
| FSLR First Solar Inc. | Reduce -1.2% | 0.16% | −0.04 |
| SDZNY Sandoz Group AG-ADR | Reduce -21.7% | 0.06% | −0.04 |
| MAT Mattel Inc. | Reduce -8.6% | 0.10% | −0.03 |
| LEN Lennar Corp. Class A | Reduce -1.1% | 0.35% | −0.02 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Reduce -6.5% | 0.08% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -2.6% | 0.13% | −0.02 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -0.9% | 0.05% | −0.02 |
| SCHV Schwab US Large-Cap Value | Reduce -6.2% | 0.08% | −0.02 |
| AMD Advanced Micro Devices | Reduce -5.1% | 0.29% | −0.01 |
| WAB Wabtec Corp. | Reduce -1.2% | 0.18% | −0.01 |
| CRM Salesforce Inc. | Reduce -15.4% | 0.05% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -5.1% | 0.39% | −0.01 |
| GLD SPDR Gold Shares | Reduce -3.6% | 0.05% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.9% | 0.04% | −0.01 |
| ABNB Airbnb Inc. Class A | Reduce -0.3% | 0.10% | −0.00 |
| SILK Silk Road Medical Inc. | Reduce -1.2% | 0.03% | +0.01 |
| DIS The Walt Disney Co. | Reduce -3.9% | 0.44% | +0.03 |
| NVDA Nvidia Corp. | Reduce -3.5% | 0.11% | +0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | Add +65.1% | 10.37% | +3.53 |
| SBUX Starbucks Corp. | Add +633.2% | 1.07% | +0.88 |
| USB US Bancorp | New | 0.52% | +0.52 |
| PCAR Paccar Inc. | Add +0.5% | 9.13% | +0.41 |
| HON Honeywell International Inc. | Add +999.1% | 0.39% | +0.35 |
| AXP American Express Co. | New | 0.35% | +0.35 |
| CBT Cabot Corp. | New | 0.34% | +0.34 |
| JOE The St Joe Co. | New | 0.28% | +0.28 |
| YUM Yum! Brands Inc. | New | 0.28% | +0.28 |
| WMT Walmart Inc. | New | 0.25% | +0.25 |
| CAT Caterpillar Inc. | Add +249.8% | 0.29% | +0.21 |
| KMB Kimberly-Clark Corp. | Add +86.0% | 0.53% | +0.21 |
| COLB Columbia Banking System Inc. | Add +607.9% | 0.21% | +0.16 |
| SEOAY Stora Enso Oyj-Spons ADR | New | 0.12% | +0.12 |
| GSK GSK PLC-Spon ADR | New | 0.12% | +0.12 |
| AMP Ameriprise Financial Inc. | New | 0.11% | +0.11 |
| LLY Eli Lilly & Co. | Add +2.0% | 0.90% | +0.09 |
| KR Kroger Co. | Add +11.3% | 0.72% | +0.09 |
| AIR Aar Corp. | New | 0.09% | +0.09 |
| YUMC Yum China Holdings Inc. | New | 0.08% | +0.08 |
| C Citigroup Inc. | New | 0.08% | +0.08 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.08% | +0.08 |
| WFC Wells Fargo & Co. | Add +69.6% | 0.17% | +0.07 |
| ENTG Entegris Inc. | New | 0.07% | +0.07 |
| NWN Northwest Natural Holding Co. | New | 0.06% | +0.06 |
| MRK Merck & Co. Inc. | Add +2.9% | 2.59% | +0.06 |
| TXN Texas Instruments Inc. | New | 0.05% | +0.05 |
| SHEL Shell PLC-ADR | New | 0.05% | +0.05 |
| KLAC KLA Corp. | New | 0.05% | +0.05 |
| FCNCA First Citizens Bcshs Class A | New | 0.05% | +0.05 |
| UNH Unitedhealth Group Inc. | New | 0.05% | +0.05 |
| LDOS Leidos Holdings Inc. | New | 0.05% | +0.05 |
| AIG American International Group | New | 0.04% | +0.04 |
| MGM MGM Resorts International | New | 0.04% | +0.04 |
| GM General Motors Co. | New | 0.04% | +0.04 |
| MPC Marathon Petroleum Corp. | Add +1.3% | 0.37% | +0.04 |
| LHX L3HARRIS Technologies Inc. | New | 0.04% | +0.04 |
| BAX Baxter International Inc. | New | 0.04% | +0.04 |
| ICE Intercontinental Exchange Inc. | New | 0.04% | +0.04 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| AJG Arthur J Gallagher & Co. | New | 0.04% | +0.04 |
| BAC Bank of America Corp. | Add +14.0% | 0.73% | +0.04 |
| DG Dollar General Corp. | New | 0.04% | +0.04 |
| SSNC Ss&c Technologies Holdings | New | 0.04% | +0.04 |
| WM Waste Management Inc. | Add +21.5% | 0.23% | +0.04 |
| DHR Danaher Corp. | New | 0.04% | +0.04 |
| AIVL Wisdomtree US AI Enhanced Va | New | 0.04% | +0.04 |
| KEY Keycorp | New | 0.03% | +0.03 |
| FIS Fidelity National Info Serv | New | 0.03% | +0.03 |
| CI The Cigna Group | New | 0.03% | +0.03 |
Notes & Other Activity Q4 2023 → Q1 2024
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Add +7.5% | 46,276 | $1.0M |
| WELLS FARGO & COMPANY (WFC V6.625 PERP R) | PFD | Sold out | 36,195 | $908Kbefore exit |
| US BANCORP (USB F PERP B*) | COM | Add +8.7% | 41,356 | $870K |
| GOLDMAN SACHS GROUP INC (GS V6.375 PERP K) | PFD | Add +0.1% | 28,059 | $715K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Add +2.9% | 17,903 | $452K |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Add +2.0% | 10,050 | $250K |
| CHS INC (CHSINC 7.875 PERP 1) | PFD | New | 8,400 | $225K |
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 |