Mengis Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Mengis Capital Management, Inc. reported 184 stock positions worth $486.9 million. Its top holding was Apple (AAPL) at 8.7% of the portfolio, followed by Microsoft (MSFT, 6.1%) and Chevron (CVX, 3.1%). Compared with Q3 2024, it opened 11 new positions, sold out of 6, added to 61 and reduced 78. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale Microsoft (MSFT, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $486.9M (Q4 2024)
- SEC Filing
- 0001609674-25-000001 ↗ filed Feb 4, 2025
Holdings Value
Holdings 184 stocks · $486.9M
| AAPL Apple Inc. | 8.71% | 169,324 | $42.4M | Reduce -0.4% |
| MSFT Microsoft Corp. | 6.11% | 70,626 | $29.8M | Reduce -12.2% |
| CVX Chevron Corp. | 3.06% | 102,948 | $14.9M | Add +2.5% |
| PCAR Paccar Inc. | 3.02% | 141,542 | $14.7M | Reduce -26.0% |
| JPM JPMorgan Chase & Co. | 2.81% | 56,995 | $13.7M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 2.56% | 65,568 | $12.5M | Reduce -2.9% |
| COST Costco Wholesale Corp. | 2.41% | 12,794 | $11.7M | Reduce -13.4% |
| DE Deere & Co. | 2.37% | 27,290 | $11.6M | Reduce -0.4% |
| PWR Quanta Services Inc. | 2.27% | 34,930 | $11.0M | Reduce -3.3% |
| QCOM Qualcomm Inc. | 2.26% | 71,503 | $11.0M | Add +2.0% |
| MRK Merck & Co. Inc. | 2.19% | 107,189 | $10.7M | Reduce -3.0% |
| GSIE Goldman Sachs Activebeta Int | 1.92% | 280,242 | $9.3M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 1.80% | 39,925 | $8.8M | Add +2.4% |
| NVS Novartis AG-Sponsored ADR | 1.60% | 80,113 | $7.8M | Add +0.8% |
| XOM Exxon Mobil Corp. | 1.59% | 71,766 | $7.7M | Add +5.3% |
| MDT Medtronic PLC | 1.50% | 91,244 | $7.3M | Add +2.1% |
| JNJ Johnson & Johnson | 1.45% | 48,815 | $7.1M | Reduce -0.2% |
| HUBB Hubbell Inc. | 1.20% | 14,000 | $5.9M | No change |
| LLY Eli Lilly & Co. | 1.19% | 7,533 | $5.8M | Reduce -0.3% |
| PM Philip Morris International | 1.10% | 44,462 | $5.4M | Add +0.9% |
| PEP Pepsico Inc. | 1.09% | 35,061 | $5.3M | Reduce -6.9% |
| MOAT Vaneck Morningstar Wide Moat | 1.08% | 56,498 | $5.2M | Add +2.8% |
| SCHX Schwab US Large-Cap ETF | 0.95% | 200,135 | $4.6M | Reduce -3.4% |
| EMR Emerson Electric Co. | 0.95% | 37,192 | $4.6M | Add +1.1% |
| SCHM Schwab US Mid Cap ETF | 0.95% | 166,087 | $4.6M | Add +9.6% |
| HSY The Hershey Co. | 0.94% | 27,065 | $4.6M | Add +2.5% |
| ATI Ati Inc. | 0.91% | 80,332 | $4.4M | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.90% | 100,222 | $4.4M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.90% | 9,655 | $4.4M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.86% | 7,144 | $4.2M | Reduce -1.3% |
| SCHW Schwab (charles) Corp. | 0.83% | 54,825 | $4.1M | Reduce -11.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.81% | 102,975 | $3.9M | Add +20.9% |
| HD Home Depot Inc. | 0.81% | 10,147 | $3.9M | Reduce -11.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.78% | 17,183 | $3.8M | Reduce -17.5% |
| BMY Bristol-Myers Squibb Co. | 0.74% | 63,533 | $3.6M | Reduce -2.5% |
| GEHC GE Healthcare Technology | 0.71% | 44,362 | $3.5M | Add +31.7% |
| IAU iShares Gold Trust | 0.71% | 69,351 | $3.4M | Reduce -1.1% |
| KMB Kimberly-Clark Corp. | 0.69% | 25,656 | $3.4M | No change |
| GSLC Goldman Activebeta US LC ETF | 0.69% | 29,042 | $3.3M | Add +4.0% |
| A Agilent Technologies Inc. | 0.68% | 24,564 | $3.3M | Reduce -0.2% |
| BRKR Bruker Corp. | 0.68% | 56,135 | $3.3M | Add +0.2% |
| PG The Procter & Gamble Co. | 0.67% | 19,433 | $3.3M | Add +0.9% |
| KO The Coca-Cola Co. | 0.63% | 49,252 | $3.1M | Add +0.2% |
| SPXC SPX Technologies Inc. | 0.63% | 21,000 | $3.1M | No change |
| ADP Automatic Data Processing | 0.61% | 10,173 | $3.0M | Add +2.6% |
| WAT Waters Corp. | 0.61% | 8,000 | $3.0M | No change |
| KR Kroger Co. | 0.60% | 47,438 | $2.9M | Reduce -17.4% |
| FDX FedEx Corp. | 0.59% | 10,297 | $2.9M | Add +2.2% |
| IVV iShares Core S&P 500 ETF | 0.58% | 4,758 | $2.8M | Reduce -0.4% |
| HON Honeywell International Inc. | 0.57% | 12,336 | $2.8M | Add +1.3% |
| NSRGY Nestle SA-Spons ADR | 0.56% | 33,445 | $2.7M | Add +51.0% |
| AXP American Express Co. | 0.55% | 9,070 | $2.7M | No change |
| WWD Woodward Inc. | 0.55% | 16,000 | $2.7M | Reduce -20.0% |
| SCHD Schwab US DVD Equity ETF | 0.53% | 94,678 | $2.6M | Add +1.5% |
| KEYS Keysight Technologies Inc. | 0.53% | 15,992 | $2.6M | Reduce -0.6% |
| MMM 3M Co. | 0.51% | 19,389 | $2.5M | Reduce -1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.51% | 22,374 | $2.5M | Add +0.4% |
| BSV Vanguard Short-Term Bond ETF | 0.48% | 30,530 | $2.4M | Reduce -7.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.48% | 44,879 | $2.3M | Add +67.7% |
| BA The Boeing Co. | 0.47% | 12,844 | $2.3M | Add +2.4% |
| PNC PNC Financial Services Group | 0.46% | 11,648 | $2.2M | Reduce -0.2% |
| DELL Dell Technologies -C | 0.44% | 18,560 | $2.1M | Add +3.8% |
| UPS United Parcel Service Class B | 0.43% | 16,761 | $2.1M | Add +39.5% |
| CTRA Coterra Energy Inc. | 0.41% | 78,069 | $2.0M | Reduce -0.5% |
| RTX RTX Corp. | 0.41% | 17,219 | $2.0M | Reduce -3.6% |
| CMI Cummins Inc. | 0.38% | 5,338 | $1.9M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.38% | 9,807 | $1.9M | Add +3.0% |
| CL Colgate-Palmolive Co. | 0.38% | 20,100 | $1.8M | No change |
| CBT Cabot Corp. | 0.38% | 20,000 | $1.8M | No change |
| UBER Uber Technologies Inc. | 0.37% | 30,195 | $1.8M | Add +5.2% |
| DD Dupont DE Nemours Inc. | 0.37% | 23,886 | $1.8M | Reduce -0.7% |
| FLS Flowserve Corp. | 0.37% | 31,505 | $1.8M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.37% | 2,570 | $1.8M | New |
| LEN Lennar Corp. Class A | 0.36% | 12,810 | $1.7M | Add +0.0% |
| PFE Pfizer Inc. | 0.35% | 64,911 | $1.7M | Reduce -0.9% |
| NXPI NXP Semiconductors NV | 0.35% | 8,180 | $1.7M | No change |
| VZ Verizon Communications Inc. | 0.35% | 42,131 | $1.7M | Reduce -19.0% |
| ABBV Abbvie Inc. | 0.34% | 9,223 | $1.6M | Add +2.2% |
| AMGN Amgen Inc. | 0.32% | 6,052 | $1.6M | Add +9.0% |
| BIV Vanguard Intermediate-Term B | 0.32% | 20,581 | $1.5M | Reduce -5.2% |
| FLR Fluor Corp. | 0.31% | 30,623 | $1.5M | New |
| WAB Wabtec Corp. | 0.31% | 7,865 | $1.5M | Reduce -1.5% |
| MPC Marathon Petroleum Corp. | 0.31% | 10,675 | $1.5M | Reduce -2.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.30% | 25,521 | $1.5M | Reduce -0.1% |
| VLO Valero Energy Corp. | 0.30% | 11,905 | $1.5M | Reduce -3.2% |
| COLB Columbia Banking System Inc. | 0.27% | 49,410 | $1.3M | Reduce -1.0% |
| WM Waste Management Inc. | 0.27% | 6,558 | $1.3M | Add +13.0% |
| MCD McDonald's Corp. | 0.27% | 4,480 | $1.3M | Add +1.9% |
| NVDA Nvidia Corp. | 0.26% | 9,410 | $1.3M | Add +1.8% |
| ILMN Illumina Inc. | 0.26% | 9,442 | $1.3M | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.25% | 2,118 | $1.2M | No change |
| AMD Advanced Micro Devices | 0.25% | 9,965 | $1.2M | Reduce -0.8% |
| NTR Nutrien Ltd. | 0.24% | 25,650 | $1.1M | Reduce -11.3% |
| TDY Teledyne Technologies Inc. | 0.23% | 2,397 | $1.1M | No change |
| KMPR Kemper Corp. | 0.23% | 16,500 | $1.1M | No change |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.23% | 34,966 | $1.1M | Add +3.7% |
| CVS CVS Health Corp. | 0.22% | 24,030 | $1.1M | Reduce -48.2% |
| USB US Bancorp | 0.22% | 22,532 | $1.1M | Add +1.8% |
| CLX Clorox Company | 0.22% | 6,579 | $1.1M | No change |
| FCX Freeport-McMoran Inc. | 0.22% | 27,887 | $1.1M | Reduce -0.9% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 42,084 | $964K | Reduce -2.3% |
| US BANCORP (USB F PERP B*) | COM | 37,907 | $836K | Reduce -0.5% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 20,450 | $499K | Add +35.0% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 15,503 | $389K | Reduce -8.3% |
Total filed on the 13F, all lines: $489.6M.
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -12.2% | 6.11% | −0.73 |
| PCAR Paccar Inc. | Reduce -26.0% | 3.02% | −0.71 |
| SBUX Starbucks Corp. | Reduce -71.2% | 0.19% | −0.48 |
| CVS CVS Health Corp. | Reduce -48.2% | 0.22% | −0.36 |
| MRK Merck & Co. Inc. | Reduce -3.0% | 2.19% | −0.29 |
| COST Costco Wholesale Corp. | Reduce -13.4% | 2.41% | −0.18 |
| PEP Pepsico Inc. | Reduce -6.9% | 1.09% | −0.17 |
| SCHP Schwab U.S. Tips ETF | Reduce -64.7% | 0.09% | −0.17 |
| IBM Intl Business Machines Corp. | Reduce -17.5% | 0.78% | −0.14 |
| WWD Woodward Inc. | Reduce -20.0% | 0.55% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 1.19% | −0.13 |
| JNJ Johnson & Johnson | Reduce -0.2% | 1.45% | −0.12 |
| FSLR First Solar Inc. | Reduce -16.2% | 0.19% | −0.12 |
| VZ Verizon Communications Inc. | Reduce -19.0% | 0.35% | −0.12 |
| HD Home Depot Inc. | Reduce -11.9% | 0.81% | −0.11 |
| GSIE Goldman Sachs Activebeta Int | Reduce -1.1% | 1.92% | −0.11 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.11 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.09 |
| C Citigroup Inc. | Sold out | 0.00% | −0.09 |
| AMD Advanced Micro Devices | Reduce -0.8% | 0.25% | −0.08 |
| VALARIS PLC SHS CLASS A | Reduce -27.4% | 0.10% | −0.07 |
| FCX Freeport-McMoran Inc. | Reduce -0.9% | 0.22% | −0.06 |
| KR Kroger Co. | Reduce -17.4% | 0.60% | −0.06 |
| DD Dupont DE Nemours Inc. | Reduce -0.7% | 0.37% | −0.05 |
| MPC Marathon Petroleum Corp. | Reduce -2.7% | 0.31% | −0.05 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.05 |
| A Agilent Technologies Inc. | Reduce -0.2% | 0.68% | −0.05 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -57.4% | 0.04% | −0.04 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.04 |
| PSA Public Storage | Sold out | 0.00% | −0.04 |
| NTR Nutrien Ltd. | Reduce -11.3% | 0.24% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -7.6% | 0.48% | −0.03 |
| DVN Devon Energy Corp. | Reduce -28.7% | 0.05% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -0.7% | 0.17% | −0.03 |
| VLO Valero Energy Corp. | Reduce -3.2% | 0.30% | −0.03 |
| STX Seagate Technology Holdings | Reduce -0.9% | 0.12% | −0.03 |
| NKE Nike Inc. Class B | Reduce -2.8% | 0.16% | −0.03 |
| GD General Dynamics Corp. | Reduce -1.5% | 0.18% | −0.02 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.35% | −0.02 |
| BIV Vanguard Intermediate-Term B | Reduce -5.2% | 0.32% | −0.02 |
| UL Unilever PLC | Reduce -2.2% | 0.16% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -1.9% | 0.09% | −0.02 |
| RTX RTX Corp. | Reduce -3.6% | 0.41% | −0.02 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.1% | 0.30% | −0.02 |
| MMM 3M Co. | Reduce -1.0% | 0.51% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -3.1% | 0.14% | −0.02 |
| GBIL Goldman Sachs Access Treasur | Reduce -13.6% | 0.13% | −0.02 |
| BIIB Biogen Inc. | Reduce -3.6% | 0.04% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -17.5% | 0.10% | −0.01 |
| ALC Alcon Inc. | Reduce -1.7% | 0.05% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| ASML ASML Holding NV-NY Reg SHS | New | 0.37% | +0.37 |
| AMZN Amazon.com Inc. | Add +2.4% | 1.80% | +0.36 |
| FLR Fluor Corp. | New | 0.31% | +0.31 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +67.7% | 0.48% | +0.20 |
| VTIP Vanguard Short-Term Tips | New | 0.16% | +0.16 |
| EMR Emerson Electric Co. | Add +1.1% | 0.95% | +0.15 |
| CVX Chevron Corp. | Add +2.5% | 3.06% | +0.14 |
| AVGO Broadcom Inc. | Add +99.8% | 0.20% | +0.13 |
| NSRGY Nestle SA-Spons ADR | Add +51.0% | 0.56% | +0.12 |
| VCIT Vanguard Int-Term Corporate | Add +167.6% | 0.19% | +0.12 |
| SCHM Schwab US Mid Cap ETF | Add +9.6% | 0.95% | +0.12 |
| UPS United Parcel Service Class B | Add +39.5% | 0.43% | +0.11 |
| SLB SLB Ltd. | Add +20.9% | 0.81% | +0.10 |
| BA The Boeing Co. | Add +2.4% | 0.47% | +0.09 |
| DIS The Walt Disney Co. | Add +0.4% | 0.51% | +0.09 |
| GEHC GE Healthcare Technology | Add +31.7% | 0.71% | +0.09 |
| HON Honeywell International Inc. | Add +1.3% | 0.57% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +3.0% | 0.38% | +0.07 |
| ADP Automatic Data Processing | Add +2.6% | 0.61% | +0.07 |
| GSLC Goldman Activebeta US LC ETF | Add +4.0% | 0.69% | +0.06 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | New | 0.06% | +0.06 |
| HFWA Heritage Financial Corp. | Add +98.3% | 0.10% | +0.06 |
| V Visa Inc. Class A | New | 0.05% | +0.05 |
| FDX FedEx Corp. | Add +2.2% | 0.59% | +0.05 |
| CMI Cummins Inc. | Add +2.0% | 0.38% | +0.05 |
| AMP Ameriprise Financial Inc. | New | 0.04% | +0.04 |
| WMT Walmart Inc. | New | 0.04% | +0.04 |
| KMI Kinder Morgan Inc. | New | 0.04% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.04% | +0.04 |
| PM Philip Morris International | Add +0.9% | 1.10% | +0.04 |
| NVDA Nvidia Corp. | Add +1.8% | 0.26% | +0.04 |
| WM Waste Management Inc. | Add +13.0% | 0.27% | +0.03 |
| APD Air Products & Chemicals Inc. | Add +21.9% | 0.17% | +0.03 |
| KYN Kayne Anderson Energy Infra | New | 0.03% | +0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +35.5% | 0.08% | +0.02 |
| MOAT Vaneck Morningstar Wide Moat | Add +2.8% | 1.08% | +0.02 |
| USB US Bancorp | Add +1.8% | 0.22% | +0.02 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.09% | +0.02 |
| DELL Dell Technologies -C | Add +3.8% | 0.44% | +0.02 |
| ILMN Illumina Inc. | Add +0.8% | 0.26% | +0.02 |
| BLK BlackRock Finance Inc. | Add +9.4% | 0.09% | +0.02 |
| FNPFX Amer FNDS New Perspect-F3 | Add +29.7% | 0.08% | +0.02 |
| ETN Eaton Corp. PLC | Add +5.5% | 0.19% | +0.02 |
| CSCO Cisco Systems Inc. | Add +5.2% | 0.08% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +0.2% | 0.20% | +0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Add +2.6% | 0.12% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +1.5% | 0.53% | +0.01 |
| PG The Procter & Gamble Co. | Add +0.9% | 0.67% | +0.01 |
| ORCL Oracle Corp. | Add +5.0% | 0.14% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Reduce -2.3% | 42,084 | $964K |
| US BANCORP (USB F PERP B*) | COM | Reduce -0.5% | 37,907 | $836K |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Add +35.0% | 20,450 | $499K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Reduce -8.3% | 15,503 | $389K |
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 |