Mengis Capital Management, Inc.

Name: Mengis Capital Management, Inc. 13F holdings, Q4 2024
Creator: Mengis Capital Management, Inc.
Published: 2025-02-04

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

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%
SCHA Schwab US Small-Cap ETF	0.21%	38,796	$1.0M	Reduce -1.5%
AVGO Broadcom Inc.	0.20%	4,304	$998K	Add +99.8%
SCHB Schwab US Broad Market ETF	0.20%	42,343	$961K	Add +0.2%
VCIT Vanguard Int-Term Corporate	0.19%	11,465	$920K	Add +167.6%
ETN Eaton Corp. PLC	0.19%	2,772	$920K	Add +5.5%
SBUX Starbucks Corp.	0.19%	10,070	$919K	Reduce -71.2%
FSLR First Solar Inc.	0.19%	5,162	$910K	Reduce -16.2%
GD General Dynamics Corp.	0.18%	3,323	$876K	Reduce -1.5%
WY Weyerhaeuser Co.	0.17%	29,950	$843K	Reduce -0.7%
APD Air Products & Chemicals Inc.	0.17%	2,788	$809K	Add +21.9%
NKE Nike Inc. Class B	0.16%	10,549	$798K	Reduce -2.8%
DDOG Datadog Inc. Class A	0.16%	5,583	$798K	No change
UL Unilever PLC	0.16%	13,562	$769K	Reduce -2.2%
VTIP Vanguard Short-Term Tips	0.16%	15,627	$757K	New
GIS General Mills Inc.	0.15%	11,225	$716K	Add +0.5%
MOTI Vaneck Mstar Int Moat ETF	0.14%	23,151	$701K	Add +1.9%
ORCL Oracle Corp.	0.14%	4,178	$696K	Add +5.0%
CMCSA Comcast Corp. Class A	0.14%	18,468	$693K	Reduce -3.1%
UNP Union Pacific Corp.	0.13%	2,850	$650K	Add +4.6%
AIR Aar Corp.	0.13%	10,465	$641K	Add +3.2%
VGT Vanguard Info Tech ETF	0.13%	993	$617K	No change
GBIL Goldman Sachs Access Treasur	0.13%	6,171	$617K	Reduce -13.6%
DXJ Wisdomtree Japan Hedged Eq	0.12%	5,460	$602K	Add +2.6%
IWM iShares Russell 2000 ETF	0.12%	2,701	$597K	No change
STX Seagate Technology Holdings	0.12%	6,810	$588K	Reduce -0.9%
VIG Vanguard Dividend Apprec ETF	0.10%	2,610	$511K	Add +0.1%
XSOE Wisdmtree Emerg MKT Ex-St Ow	0.10%	16,607	$506K	Reduce -1.7%
ABNB Airbnb Inc. Class A	0.10%	3,848	$506K	Reduce -0.7%
CAT Caterpillar Inc.	0.10%	1,385	$503K	No change
ABT Abbott Laboratories	0.10%	4,416	$499K	Reduce -2.2%
HFWA Heritage Financial Corp.	0.10%	20,311	$498K	Add +98.3%
VALARIS PLC SHS CLASS A	0.10%	10,965	$485K	Reduce -27.4%
IVW iShares S&P 500 Growth ETF	0.10%	4,709	$478K	Reduce -17.5%
WFC Wells Fargo & Co.	0.09%	6,514	$458K	Add +0.0%
BLK BlackRock Finance Inc.	0.09%	443	$454K	Add +9.4%
SCHP Schwab U.S. Tips ETF	0.09%	17,568	$454K	Reduce -64.7%
FNDX Schwab Fndmntl US LRG Co. ETF	0.09%	18,999	$450K	No change
PRU Prudential Financial Inc.	0.09%	3,680	$436K	No change
VTRS Viatris Inc.	0.09%	34,862	$434K	Reduce -0.1%
FNDA Schwab Fndmntl US SM Co. ETF	0.09%	14,508	$431K	Reduce -3.1%
ITOT iShares Core S&P Total U.S.	0.09%	3,286	$423K	Reduce -4.1%
AMAT Applied Materials Inc.	0.09%	2,590	$421K	Reduce -1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.08%	1,538	$406K	Reduce -11.5%
SPSM SS SPDR P S&P 600 Small Cap	0.08%	8,998	$404K	Add +35.5%
FNPFX Amer FNDS New Perspect-F3 filed as AMERICAN FUNDS NEW PERSP ECTIV	0.08%	6,255	$388K	Add +29.7%
SCHV Schwab US Large-Cap Value	0.08%	14,606	$381K	Reduce -3.0%
CSCO Cisco Systems Inc.	0.08%	6,305	$373K	Add +5.2%
CRM Salesforce Inc.	0.07%	1,090	$364K	No change
GLD SPDR Gold Shares	0.07%	1,459	$353K	No change
DVY iShares Select Dividend ETF	0.07%	2,500	$328K	No change
QQQ Invesco QQQ Trust Series 1	0.06%	610	$312K	No change
WMB Williams Cos Inc.	0.06%	5,582	$302K	Reduce -1.8%
ENB Enbridge Inc.	0.06%	7,109	$302K	No change
MKC McCormick & Co.-Non VTG SHRS	0.06%	3,850	$294K	New
TSLA Tesla Inc.	0.06%	717	$290K	New
MAT Mattel Inc.	0.06%	15,976	$283K	No change
CTVA Corteva Inc.	0.06%	4,932	$281K	Reduce -1.7%
VTI VG Morningstar TS MKT ETF-US	0.06%	964	$279K	Reduce -0.2%
ESGV Vanguard ESG US Stock ETF	0.06%	2,643	$277K	Reduce -3.0%
NFLX Netflix Inc.	0.06%	311	$277K	Reduce -1.6%
ISRG Intuitive Surgical Inc.	0.06%	521	$272K	No change
NEE Nextera Energy Inc.	0.06%	3,780	$271K	No change
V Visa Inc. Class A	0.05%	846	$267K	New
IJH iShares Core S&P Midcap ETF	0.05%	4,144	$258K	Add +0.3%
LNG Cheniere Energy Inc.	0.05%	1,200	$258K	No change
K Kellanova	0.05%	3,116	$252K	Reduce -7.4%
ALC Alcon Inc. filed as ALCON AG	0.05%	2,952	$251K	Reduce -1.7%
BWA Borgwarner Inc.	0.05%	7,750	$246K	No change
BKNG Booking Holdings Inc.	0.05%	49	$243K	No change
SCHF Schwab Intl Equity ETF	0.05%	13,108	$242K	Add +0.8%
TXN Texas Instruments Inc.	0.05%	1,253	$235K	Add +22.5%
DVN Devon Energy Corp.	0.05%	7,133	$233K	Reduce -28.7%
ADI Analog Devices Inc.	0.05%	1,040	$221K	No change
AMP Ameriprise Financial Inc.	0.04%	400	$213K	New
WMT Walmart Inc.	0.04%	2,336	$211K	New
KMI Kinder Morgan Inc.	0.04%	7,671	$210K	New
AIVL Wisdomtree US AI Enhanced Va	0.04%	1,970	$210K	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.04%	497	$204K	New
BIIB Biogen Inc.	0.04%	1,330	$203K	Reduce -3.6%
SCHO Schwab Short-Term US Treas	0.04%	8,411	$202K	Reduce -1.3%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS	0.04%	22,300	$180K	Reduce -57.4%
KYN Kayne Anderson Energy Infra	0.03%	10,043	$128K	New
BCOIX Baird Core Plus Bond-Inst	0.02%	11,374	$114K	No change
NUGENE INTL INC	0.00%	1,500,000	$5K	No change

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