Mengis Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Mengis Capital Management, Inc. reported 186 stock positions worth $476.3 million. Its top holding was Apple (AAPL) at 7.3% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Chevron (CVX, 3.6%). Compared with Q4 2024, it opened 7 new positions, sold out of 5, added to 51 and reduced 70. The biggest buy was a new position in Astrazeneca PLC-Spons ADR (AZN) and the biggest sale Apple (AAPL, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $476.3M (Q1 2025)
- SEC Filing
- 0001609674-25-000003 ↗ filed May 8, 2025
Holdings Value
Holdings 186 stocks · $476.3M
| AAPL Apple Inc. | 7.33% | 157,180 | $34.9M | Reduce -7.2% |
| MSFT Microsoft Corp. | 5.26% | 66,766 | $25.1M | Reduce -5.5% |
| CVX Chevron Corp. | 3.62% | 103,150 | $17.3M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 2.90% | 56,291 | $13.8M | Reduce -1.2% |
| PCAR Paccar Inc. | 2.73% | 133,548 | $13.0M | Reduce -5.7% |
| DE Deere & Co. | 2.69% | 27,290 | $12.8M | No change |
| COST Costco Wholesale Corp. | 2.54% | 12,777 | $12.1M | Reduce -0.1% |
| QCOM Qualcomm Inc. | 2.30% | 71,425 | $11.0M | Reduce -0.1% |
| GSIE Goldman Sachs Activebeta Int | 2.14% | 286,075 | $10.2M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 2.13% | 65,073 | $10.2M | Reduce -0.8% |
| NVS Novartis AG-Sponsored ADR | 1.88% | 80,113 | $8.9M | No change |
| PWR Quanta Services Inc. | 1.86% | 34,936 | $8.9M | Add +0.0% |
| XOM Exxon Mobil Corp. | 1.75% | 70,240 | $8.4M | Reduce -2.1% |
| MDT Medtronic PLC | 1.74% | 91,979 | $8.3M | Add +0.8% |
| JNJ Johnson & Johnson | 1.62% | 46,524 | $7.7M | Reduce -4.7% |
| AMZN Amazon.com Inc. | 1.60% | 40,065 | $7.6M | Add +0.3% |
| PM Philip Morris International | 1.48% | 44,382 | $7.0M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 1.28% | 67,869 | $6.1M | Reduce -36.7% |
| LLY Eli Lilly & Co. | 1.27% | 7,334 | $6.1M | Reduce -2.6% |
| PEP Pepsico Inc. | 1.27% | 40,203 | $6.0M | Add +14.7% |
| HSY The Hershey Co. | 1.11% | 30,992 | $5.3M | Add +14.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 9,685 | $5.2M | Add +0.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.05% | 56,815 | $5.0M | Add +0.6% |
| HUBB Hubbell Inc. | 0.97% | 14,000 | $4.6M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.94% | 60,710 | $4.5M | New |
| SCHX Schwab US Large-Cap ETF | 0.93% | 201,394 | $4.4M | Add +0.6% |
| SCHM Schwab US Mid Cap ETF | 0.92% | 168,095 | $4.4M | Add +1.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.91% | 103,656 | $4.3M | Add +0.7% |
| ATI Ati Inc. | 0.91% | 82,907 | $4.3M | Add +3.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.90% | 17,183 | $4.3M | No change |
| NSRGY Nestle SA-Spons ADR | 0.89% | 41,965 | $4.2M | Add +25.5% |
| SCHW Schwab (charles) Corp. | 0.88% | 53,842 | $4.2M | Reduce -1.8% |
| IAU iShares Gold Trust | 0.86% | 69,296 | $4.1M | Reduce -0.1% |
| EMR Emerson Electric Co. | 0.86% | 37,193 | $4.1M | Add +0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.85% | 97,075 | $4.1M | Reduce -3.1% |
| GEHC GE Healthcare Technology | 0.82% | 48,102 | $3.9M | Add +8.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.81% | 6,881 | $3.8M | Reduce -3.7% |
| BMY Bristol-Myers Squibb Co. | 0.81% | 63,108 | $3.8M | Reduce -0.7% |
| HD Home Depot Inc. | 0.78% | 10,147 | $3.7M | No change |
| KMB Kimberly-Clark Corp. | 0.76% | 25,606 | $3.6M | Reduce -0.2% |
| KO The Coca-Cola Co. | 0.74% | 49,165 | $3.5M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.69% | 19,383 | $3.3M | Reduce -0.3% |
| KR Kroger Co. | 0.67% | 47,438 | $3.2M | No change |
| GSLC Goldman Activebeta US LC ETF | 0.67% | 28,930 | $3.2M | Reduce -0.4% |
| ADP Automatic Data Processing | 0.65% | 10,173 | $3.1M | No change |
| MMM 3M Co. | 0.60% | 19,389 | $2.8M | No change |
| WWD Woodward Inc. | 0.58% | 15,100 | $2.8M | Reduce -5.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.56% | 51,172 | $2.7M | Add +14.0% |
| SCHD Schwab US DVD Equity ETF | 0.56% | 95,461 | $2.7M | Add +0.8% |
| A Agilent Technologies Inc. | 0.55% | 22,514 | $2.6M | Reduce -8.3% |
| HON Honeywell International Inc. | 0.55% | 12,336 | $2.6M | No change |
| IVV iShares Core S&P 500 ETF | 0.55% | 4,647 | $2.6M | Reduce -2.3% |
| FDX FedEx Corp. | 0.53% | 10,291 | $2.5M | Reduce -0.1% |
| AXP American Express Co. | 0.51% | 9,070 | $2.4M | No change |
| KEYS Keysight Technologies Inc. | 0.50% | 15,992 | $2.4M | No change |
| BRKR Bruker Corp. | 0.49% | 56,335 | $2.4M | Add +0.4% |
| UBER Uber Technologies Inc. | 0.48% | 31,445 | $2.3M | Add +4.1% |
| RTX RTX Corp. | 0.48% | 17,219 | $2.3M | No change |
| CTRA Coterra Energy Inc. | 0.47% | 77,887 | $2.3M | Reduce -0.2% |
| BSV Vanguard Short-Term Bond ETF | 0.47% | 28,595 | $2.2M | Reduce -6.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 22,445 | $2.2M | Add +0.3% |
| WAT Waters Corp. | 0.46% | 6,000 | $2.2M | Reduce -25.0% |
| BA The Boeing Co. | 0.46% | 12,739 | $2.2M | Reduce -0.8% |
| SPXC SPX Technologies Inc. | 0.43% | 16,000 | $2.1M | Reduce -23.8% |
| ABBV Abbvie Inc. | 0.40% | 9,183 | $1.9M | Reduce -0.4% |
| PNC PNC Financial Services Group | 0.40% | 10,908 | $1.9M | Reduce -6.3% |
| AMGN Amgen Inc. | 0.40% | 6,052 | $1.9M | No change |
| CL Colgate-Palmolive Co. | 0.40% | 20,100 | $1.9M | No change |
| VZ Verizon Communications Inc. | 0.39% | 41,364 | $1.9M | Reduce -1.8% |
| UPS United Parcel Service Class B | 0.38% | 16,606 | $1.8M | Reduce -0.9% |
| DD Dupont DE Nemours Inc. | 0.37% | 23,519 | $1.8M | Reduce -1.5% |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.37% | 51,336 | $1.8M | Add +46.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.36% | 2,604 | $1.7M | Add +1.3% |
| DELL Dell Technologies -C | 0.35% | 18,485 | $1.7M | Reduce -0.4% |
| CMI Cummins Inc. | 0.35% | 5,338 | $1.7M | No change |
| CBT Cabot Corp. | 0.35% | 20,000 | $1.7M | No change |
| CVS CVS Health Corp. | 0.33% | 23,330 | $1.6M | Reduce -2.9% |
| VLO Valero Energy Corp. | 0.33% | 11,880 | $1.6M | Reduce -0.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.33% | 25,748 | $1.6M | Add +0.9% |
| MPC Marathon Petroleum Corp. | 0.33% | 10,675 | $1.6M | No change |
| NXPI NXP Semiconductors NV | 0.33% | 8,180 | $1.6M | No change |
| BIV Vanguard Intermediate-Term B | 0.32% | 20,195 | $1.5M | Reduce -1.9% |
| FLS Flowserve Corp. | 0.32% | 31,505 | $1.5M | No change |
| WM Waste Management Inc. | 0.32% | 6,598 | $1.5M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 0.32% | 9,736 | $1.5M | Reduce -0.7% |
| PFE Pfizer Inc. | 0.31% | 58,657 | $1.5M | Reduce -9.6% |
| LEN Lennar Corp. Class A | 0.31% | 12,811 | $1.5M | Add +0.0% |
| WAB Wabtec Corp. | 0.30% | 7,865 | $1.4M | No change |
| MCD McDonald's Corp. | 0.29% | 4,461 | $1.4M | Reduce -0.4% |
| FLR Fluor Corp. | 0.28% | 37,333 | $1.3M | Add +21.9% |
| NTR Nutrien Ltd. | 0.27% | 25,550 | $1.3M | Reduce -0.4% |
| COLB Columbia Banking System Inc. | 0.26% | 49,982 | $1.2M | Add +1.2% |
| META Meta Platforms Inc. Class A | 0.26% | 2,113 | $1.2M | Reduce -0.2% |
| TDY Teledyne Technologies Inc. | 0.25% | 2,397 | $1.2M | No change |
| VCIT Vanguard Int-Term Corporate | 0.25% | 14,521 | $1.2M | Add +26.7% |
| FCX Freeport-McMoran Inc. | 0.24% | 29,868 | $1.1M | Add +7.1% |
| KMPR Kemper Corp. | 0.23% | 16,500 | $1.1M | No change |
| NVDA Nvidia Corp. | 0.23% | 10,055 | $1.1M | Add +6.8% |
| ETN Eaton Corp. PLC | 0.22% | 3,820 | $1.0M | Add +37.8% |
| AMD Advanced Micro Devices | 0.21% | 9,965 | $1.0M | 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 | 41,234 | $964K | Reduce -2.0% |
| US BANCORP (USB F PERP B*) | COM | 36,607 | $789K | Reduce -3.4% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 21,050 | $517K | Add +2.9% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 16,003 | $398K | Add +3.2% |
Total filed on the 13F, all lines: $479.0M.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -7.2% | 7.33% | −1.38 |
| MRK Merck & Co. Inc. | Reduce -36.7% | 1.28% | −0.91 |
| MSFT Microsoft Corp. | Reduce -5.5% | 5.26% | −0.85 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 2.13% | −0.43 |
| PCAR Paccar Inc. | Reduce -5.7% | 2.73% | −0.29 |
| SPXC SPX Technologies Inc. | Reduce -23.8% | 0.43% | −0.20 |
| WAT Waters Corp. | Reduce -25.0% | 0.46% | −0.15 |
| A Agilent Technologies Inc. | Reduce -8.3% | 0.55% | −0.12 |
| DELL Dell Technologies -C | Reduce -0.4% | 0.35% | −0.09 |
| FSLR First Solar Inc. | Reduce -22.8% | 0.11% | −0.08 |
| FDX FedEx Corp. | Reduce -0.1% | 0.53% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 0.32% | −0.07 |
| PNC PNC Financial Services Group | Reduce -6.3% | 0.40% | −0.06 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.05 |
| BAC Bank of America Corp. | Reduce -3.1% | 0.85% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.7% | 0.81% | −0.05 |
| UPS United Parcel Service Class B | Reduce -0.9% | 0.38% | −0.05 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.04 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.04 |
| PFE Pfizer Inc. | Reduce -9.6% | 0.31% | −0.04 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -2.3% | 0.55% | −0.03 |
| VTRS Viatris Inc. | Reduce -0.7% | 0.06% | −0.03 |
| VGT Vanguard Info Tech ETF | Reduce -7.5% | 0.10% | −0.02 |
| GSLC Goldman Activebeta US LC ETF | Reduce -0.4% | 0.67% | −0.02 |
| VALARIS PLC SHS CLASS A | Reduce -7.0% | 0.08% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -6.3% | 0.47% | −0.01 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -7.5% | 0.08% | −0.01 |
| BA The Boeing Co. | Reduce -0.8% | 0.46% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -3.9% | 0.08% | −0.01 |
| AIR Aar Corp. | Reduce -1.0% | 0.12% | −0.01 |
| GIS General Mills Inc. | Reduce -2.0% | 0.14% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.4% | 0.06% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -6.3% | 0.13% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -9.6% | 0.05% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -0.4% | 0.19% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -1.5% | 0.37% | −0.01 |
| SCHP Schwab U.S. Tips ETF | Reduce -11.4% | 0.09% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -2.4% | 0.08% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -4.0% | 0.05% | −0.00 |
| SCHV Schwab US Large-Cap Value | Reduce -5.4% | 0.08% | −0.00 |
| FNPFX Amer FNDS New Perspect-F3 | Reduce -1.3% | 0.08% | −0.00 |
| STX Seagate Technology Holdings | Reduce -0.7% | 0.12% | −0.00 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Reduce -3.0% | 0.10% | +0.00 |
| GBIL Goldman Sachs Access Treasur | Reduce -1.9% | 0.13% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.26% | +0.00 |
| WMB Williams Cos Inc. | Reduce -2.7% | 0.07% | +0.01 |
| CTVA Corteva Inc. | Reduce -1.0% | 0.06% | +0.01 |
| BIV Vanguard Intermediate-Term B | Reduce -1.9% | 0.32% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| AZN Astrazeneca PLC-Spons ADR | New | 0.94% | +0.94 |
| CVX Chevron Corp. | Add +0.2% | 3.62% | +0.56 |
| NSRGY Nestle SA-Spons ADR | Add +25.5% | 0.89% | +0.33 |
| MDT Medtronic PLC | Add +0.8% | 1.74% | +0.24 |
| GSIE Goldman Sachs Activebeta Int | Add +2.1% | 2.14% | +0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.3% | 1.08% | +0.18 |
| HSY The Hershey Co. | Add +14.5% | 1.11% | +0.17 |
| PEP Pepsico Inc. | Add +14.7% | 1.27% | +0.17 |
| BCD Abrdn Bloomberg All Commodit | Add +46.8% | 0.37% | +0.14 |
| UBER Uber Technologies Inc. | Add +4.1% | 0.48% | +0.11 |
| GEHC GE Healthcare Technology | Add +8.4% | 0.82% | +0.10 |
| SLB SLB Ltd. | Add +0.7% | 0.91% | +0.10 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +14.0% | 0.56% | +0.08 |
| PFUIX PIMCO Intl BND Unhdg-Inst | New | 0.08% | +0.08 |
| VCIT Vanguard Int-Term Corporate | Add +26.7% | 0.25% | +0.06 |
| FXAIX Fidelity 500 Index Fund | New | 0.05% | +0.05 |
| WM Waste Management Inc. | Add +0.6% | 0.32% | +0.05 |
| EQT Eqt Corp. | New | 0.05% | +0.05 |
| AJG Arthur J Gallagher & Co. | New | 0.05% | +0.05 |
| UNH Unitedhealth Group Inc. | New | 0.04% | +0.04 |
| XLE SS Energy Select Sector | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | Add +40.7% | 0.17% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +0.8% | 0.56% | +0.03 |
| ETN Eaton Corp. PLC | Add +37.8% | 0.22% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.9% | 0.33% | +0.03 |
| MOTI Vaneck Mstar Int Moat ETF | Add +4.5% | 0.17% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +7.1% | 0.24% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +21.3% | 0.10% | +0.02 |
| VTIP Vanguard Short-Term Tips | Add +3.2% | 0.17% | +0.01 |
| UNP Union Pacific Corp. | Add +3.5% | 0.15% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +8.5% | 0.10% | +0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Add +2.5% | 0.07% | +0.01 |
| WFC Wells Fargo & Co. | Add +0.8% | 0.10% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.1% | 0.05% | +0.00 |
| AVGO Broadcom Inc. | Add +36.8% | 0.21% | +0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +10.3% | 0.08% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.0% | 0.11% | +0.00 |
| KYN Kayne Anderson Energy Infra | Add +1.8% | 0.03% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.2% | 0.05% | −0.00 |
| ATI Ati Inc. | Add +3.2% | 0.91% | −0.00 |
| NKE Nike Inc. Class B | Add +14.4% | 0.16% | −0.00 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.3% | 0.36% | −0.00 |
| CAT Caterpillar Inc. | Add +0.1% | 0.10% | −0.01 |
| TSLA Tesla Inc. | Add +31.4% | 0.05% | −0.01 |
| COLB Columbia Banking System Inc. | Add +1.2% | 0.26% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Add +0.6% | 0.19% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Add +0.6% | 0.93% | −0.02 |
| SCHM Schwab US Mid Cap ETF | Add +1.2% | 0.92% | −0.02 |
| MOAT Vaneck Morningstar Wide Moat | Add +0.6% | 1.05% | −0.03 |
| FLR Fluor Corp. | Add +21.9% | 0.28% | −0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Reduce -2.0% | 41,234 | $964K |
| US BANCORP (USB F PERP B*) | COM | Reduce -3.4% | 36,607 | $789K |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Add +2.9% | 21,050 | $517K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Add +3.2% | 16,003 | $398K |
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 |