Mengis Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Mengis Capital Management, Inc. reported 195 stock positions worth $468.1 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Apple (AAPL, 6.1%) and JPMorgan Chase (JPM, 3.4%). Compared with Q1 2025, it opened 16 new positions, sold out of 7, added to 38 and reduced 104. The biggest buy was Nike Class B (NKE, shares +193%) and the biggest sale Apple (AAPL, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $468.1M (Q2 2025)
- SEC Filing
- 0001609674-25-000004 ↗ filed Jul 24, 2025
Holdings Value
Holdings 195 stocks · $468.1M
| MSFT Microsoft Corp. | 6.30% | 59,331 | $29.5M | Reduce -11.1% |
| AAPL Apple Inc. | 6.08% | 138,651 | $28.4M | Reduce -11.8% |
| JPM JPMorgan Chase & Co. | 3.43% | 55,465 | $16.1M | Reduce -1.5% |
| CVX Chevron Corp. | 2.81% | 91,768 | $13.1M | Reduce -11.0% |
| DE Deere & Co. | 2.76% | 25,415 | $12.9M | Reduce -6.9% |
| GSIE Goldman Sachs Activebeta Int | 2.45% | 289,330 | $11.5M | Add +1.1% |
| QCOM Qualcomm Inc. | 2.42% | 71,279 | $11.4M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 2.40% | 63,313 | $11.2M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 2.34% | 11,087 | $11.0M | Reduce -13.2% |
| PWR Quanta Services Inc. | 2.26% | 27,970 | $10.6M | Reduce -19.9% |
| PCAR Paccar Inc. | 1.96% | 96,301 | $9.2M | Reduce -27.9% |
| AMZN Amazon.com Inc. | 1.89% | 40,308 | $8.8M | Add +0.6% |
| MDT Medtronic PLC | 1.71% | 91,942 | $8.0M | Reduce -0.0% |
| PM Philip Morris International | 1.70% | 43,612 | $7.9M | Reduce -1.7% |
| NVS Novartis AG-Sponsored ADR | 1.67% | 64,483 | $7.8M | Reduce -19.5% |
| ATI Ati Inc. | 1.49% | 80,727 | $7.0M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 1.48% | 8,894 | $6.9M | Add +21.3% |
| XOM Exxon Mobil Corp. | 1.27% | 55,169 | $5.9M | Reduce -21.5% |
| JNJ Johnson & Johnson | 1.18% | 36,274 | $5.5M | Reduce -22.0% |
| MOAT Vaneck Morningstar Wide Moat | 1.12% | 55,818 | $5.2M | Reduce -1.8% |
| AZN Astrazeneca PLC-Spons ADR | 1.09% | 72,860 | $5.1M | Add +20.0% |
| EMR Emerson Electric Co. | 1.06% | 37,242 | $5.0M | Add +0.1% |
| SCHX Schwab US Large-Cap ETF | 1.03% | 197,229 | $4.8M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.01% | 9,745 | $4.7M | Add +0.6% |
| PEP Pepsico Inc. | 1.01% | 35,742 | $4.7M | Reduce -11.1% |
| SCHM Schwab US Mid Cap ETF | 0.99% | 164,800 | $4.6M | Reduce -2.0% |
| MRK Merck & Co. Inc. | 0.95% | 56,293 | $4.5M | Reduce -17.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.93% | 91,557 | $4.3M | Reduce -5.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.92% | 14,683 | $4.3M | Reduce -14.6% |
| IAU iShares Gold Trust | 0.91% | 68,106 | $4.2M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 6,774 | $4.2M | Reduce -1.6% |
| NSRGY Nestle SA-Spons ADR | 0.88% | 41,665 | $4.1M | Reduce -0.7% |
| BA The Boeing Co. | 0.83% | 18,445 | $3.9M | Add +44.8% |
| SCHW Schwab (charles) Corp. | 0.82% | 42,255 | $3.9M | Reduce -21.5% |
| GEHC GE Healthcare Technology | 0.81% | 50,947 | $3.8M | Add +5.9% |
| HSY The Hershey Co. | 0.79% | 22,400 | $3.7M | Reduce -27.7% |
| HUBB Hubbell Inc. | 0.79% | 9,000 | $3.7M | Reduce -35.7% |
| KO The Coca-Cola Co. | 0.73% | 48,093 | $3.4M | Reduce -2.2% |
| GSLC Goldman Activebeta US LC ETF | 0.70% | 27,046 | $3.3M | Reduce -6.5% |
| KR Kroger Co. | 0.63% | 41,188 | $3.0M | Reduce -13.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.63% | 55,623 | $2.9M | Add +8.7% |
| IVV iShares Core S&P 500 ETF | 0.61% | 4,624 | $2.9M | Reduce -0.5% |
| MMM 3M Co. | 0.61% | 18,838 | $2.9M | Reduce -2.8% |
| FLR Fluor Corp. | 0.61% | 55,762 | $2.9M | Add +49.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.61% | 84,084 | $2.8M | Reduce -18.9% |
| PG The Procter & Gamble Co. | 0.60% | 17,703 | $2.8M | Reduce -8.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.59% | 22,384 | $2.8M | Reduce -0.3% |
| BMY Bristol-Myers Squibb Co. | 0.56% | 56,783 | $2.6M | Reduce -10.0% |
| SCHD Schwab US DVD Equity ETF | 0.56% | 98,770 | $2.6M | Add +3.5% |
| NKE Nike Inc. Class B | 0.54% | 35,369 | $2.5M | Add +193.1% |
| AXP American Express Co. | 0.53% | 7,790 | $2.5M | Reduce -14.1% |
| RTX RTX Corp. | 0.52% | 16,719 | $2.4M | Reduce -2.9% |
| UBER Uber Technologies Inc. | 0.52% | 26,145 | $2.4M | Reduce -16.9% |
| KMB Kimberly-Clark Corp. | 0.52% | 18,730 | $2.4M | Reduce -26.9% |
| BSV Vanguard Short-Term Bond ETF | 0.50% | 29,966 | $2.4M | Add +4.8% |
| HD Home Depot Inc. | 0.50% | 6,367 | $2.3M | Reduce -37.3% |
| BRKR Bruker Corp. | 0.49% | 56,085 | $2.3M | Reduce -0.4% |
| FDX FedEx Corp. | 0.49% | 10,070 | $2.3M | Reduce -2.1% |
| AVGO Broadcom Inc. | 0.49% | 8,259 | $2.3M | Add +40.2% |
| DELL Dell Technologies -C | 0.48% | 18,310 | $2.2M | Reduce -0.9% |
| PNC PNC Financial Services Group | 0.43% | 10,895 | $2.0M | Reduce -0.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.43% | 2,503 | $2.0M | Reduce -3.9% |
| CTRA Coterra Energy Inc. | 0.42% | 77,416 | $2.0M | Reduce -0.6% |
| CMI Cummins Inc. | 0.42% | 5,988 | $2.0M | Add +12.2% |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.40% | 56,721 | $1.9M | Add +10.5% |
| NXPI NXP Semiconductors NV | 0.38% | 8,180 | $1.8M | No change |
| VZ Verizon Communications Inc. | 0.38% | 40,724 | $1.8M | Reduce -1.6% |
| MPC Marathon Petroleum Corp. | 0.38% | 10,575 | $1.8M | Reduce -0.9% |
| CLX Clorox Company | 0.37% | 14,443 | $1.7M | Add +119.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.37% | 25,686 | $1.7M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.36% | 10,805 | $1.7M | Add +7.5% |
| ABBV Abbvie Inc. | 0.36% | 9,183 | $1.7M | No change |
| AMGN Amgen Inc. | 0.36% | 6,052 | $1.7M | No change |
| GOOGL Alphabet Inc. Class A | 0.36% | 9,510 | $1.7M | Reduce -2.3% |
| ORCL Oracle Corp. | 0.35% | 7,548 | $1.7M | Add +28.4% |
| FLS Flowserve Corp. | 0.35% | 31,505 | $1.6M | No change |
| WAB Wabtec Corp. | 0.35% | 7,864 | $1.6M | Reduce -0.0% |
| DD Dupont DE Nemours Inc. | 0.34% | 23,410 | $1.6M | Reduce -0.5% |
| VLO Valero Energy Corp. | 0.34% | 11,854 | $1.6M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.33% | 2,120 | $1.6M | Add +0.3% |
| ADP Automatic Data Processing | 0.33% | 5,046 | $1.6M | Reduce -50.4% |
| BIV Vanguard Intermediate-Term B | 0.32% | 19,622 | $1.5M | Reduce -2.8% |
| ETN Eaton Corp. PLC | 0.32% | 4,238 | $1.5M | Add +10.9% |
| WM Waste Management Inc. | 0.32% | 6,598 | $1.5M | No change |
| FCX Freeport-McMoran Inc. | 0.32% | 34,153 | $1.5M | Add +14.3% |
| UPS United Parcel Service Class B | 0.31% | 14,571 | $1.5M | Reduce -12.3% |
| A Agilent Technologies Inc. | 0.31% | 12,414 | $1.5M | Reduce -44.9% |
| NTR Nutrien Ltd. | 0.30% | 24,450 | $1.4M | Reduce -4.3% |
| PFE Pfizer Inc. | 0.30% | 58,656 | $1.4M | Reduce 0.0% |
| AMD Advanced Micro Devices | 0.30% | 9,965 | $1.4M | No change |
| WWD Woodward Inc. | 0.30% | 5,663 | $1.4M | Reduce -62.5% |
| LEN Lennar Corp. Class A | 0.29% | 12,422 | $1.4M | Reduce -3.0% |
| CVS CVS Health Corp. | 0.28% | 19,105 | $1.3M | Reduce -18.1% |
| MCD McDonald's Corp. | 0.27% | 4,384 | $1.3M | Reduce -1.7% |
| HON Honeywell International Inc. | 0.27% | 5,461 | $1.3M | Reduce -55.7% |
| TDY Teledyne Technologies Inc. | 0.26% | 2,397 | $1.2M | No change |
| COLB Columbia Banking System Inc. | 0.25% | 50,511 | $1.2M | Add +1.1% |
| VCIT Vanguard Int-Term Corporate | 0.25% | 14,123 | $1.2M | Reduce -2.7% |
| KEYS Keysight Technologies Inc. | 0.24% | 6,717 | $1.1M | Reduce -58.0% |
| SPXC SPX Technologies Inc. | 0.21% | 6,000 | $1.0M | Reduce -62.5% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 41,034 | $888K | Reduce -0.5% |
| US BANCORP (USB F PERP B*) | COM | 36,506 | $733K | Reduce -0.3% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 21,050 | $512K | No change |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 16,403 | $405K | Add +2.5% |
Total filed on the 13F, all lines: $470.7M.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -11.8% | 6.08% | −1.25 |
| CVX Chevron Corp. | Reduce -11.0% | 2.81% | −0.82 |
| PCAR Paccar Inc. | Reduce -27.9% | 1.96% | −0.77 |
| XOM Exxon Mobil Corp. | Reduce -21.5% | 1.27% | −0.48 |
| JNJ Johnson & Johnson | Reduce -22.0% | 1.18% | −0.44 |
| MRK Merck & Co. Inc. | Reduce -17.1% | 0.95% | −0.33 |
| ADP Automatic Data Processing | Reduce -50.4% | 0.33% | −0.32 |
| HSY The Hershey Co. | Reduce -27.7% | 0.79% | −0.32 |
| SLB SLB Ltd. | Reduce -18.9% | 0.61% | −0.30 |
| WAT Waters Corp. | Reduce -62.5% | 0.17% | −0.30 |
| HD Home Depot Inc. | Reduce -37.3% | 0.50% | −0.28 |
| WWD Woodward Inc. | Reduce -62.5% | 0.30% | −0.28 |
| HON Honeywell International Inc. | Reduce -55.7% | 0.27% | −0.28 |
| KEYS Keysight Technologies Inc. | Reduce -58.0% | 0.24% | −0.27 |
| PEP Pepsico Inc. | Reduce -11.1% | 1.01% | −0.26 |
| KMB Kimberly-Clark Corp. | Reduce -26.9% | 0.52% | −0.25 |
| CL Colgate-Palmolive Co. | Reduce -62.2% | 0.15% | −0.25 |
| BMY Bristol-Myers Squibb Co. | Reduce -10.0% | 0.56% | −0.25 |
| A Agilent Technologies Inc. | Reduce -44.9% | 0.31% | −0.24 |
| CBT Cabot Corp. | Reduce -62.5% | 0.12% | −0.23 |
| SPXC SPX Technologies Inc. | Reduce -62.5% | 0.21% | −0.22 |
| NVS Novartis AG-Sponsored ADR | Reduce -19.5% | 1.67% | −0.21 |
| COST Costco Wholesale Corp. | Reduce -13.2% | 2.34% | −0.19 |
| HUBB Hubbell Inc. | Reduce -35.7% | 0.79% | −0.19 |
| USB US Bancorp | Reduce -59.9% | 0.09% | −0.11 |
| KMPR Kemper Corp. | Reduce -47.4% | 0.12% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -8.7% | 0.60% | −0.09 |
| VALARIS PLC SHS CLASS A | Sold out | 0.00% | −0.08 |
| PFUIX PIMCO Intl BND Unhdg-Inst | Sold out | 0.00% | −0.08 |
| UPS United Parcel Service Class B | Reduce -12.3% | 0.31% | −0.07 |
| MAT Mattel Inc. | Sold out | 0.00% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -21.5% | 0.82% | −0.06 |
| CTRA Coterra Energy Inc. | Reduce -0.6% | 0.42% | −0.05 |
| CVS CVS Health Corp. | Reduce -18.1% | 0.28% | −0.05 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| KR Kroger Co. | Reduce -13.2% | 0.63% | −0.04 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.04 |
| FDX FedEx Corp. | Reduce -2.1% | 0.49% | −0.04 |
| KYN Kayne Anderson Energy Infra | Sold out | 0.00% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -0.5% | 0.34% | −0.03 |
| UL Unilever PLC | Reduce -18.3% | 0.14% | −0.02 |
| MDT Medtronic PLC | Reduce -0.0% | 1.71% | −0.02 |
| GIS General Mills Inc. | Reduce -3.4% | 0.12% | −0.02 |
| WY Weyerhaeuser Co. | Reduce -0.2% | 0.16% | −0.02 |
| MCD McDonald's Corp. | Reduce -1.7% | 0.27% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -1.6% | 0.38% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -3.0% | 0.29% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -9.1% | 0.12% | −0.01 |
| KO The Coca-Cola Co. | Reduce -2.2% | 0.73% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NKE Nike Inc. Class B | Add +193.1% | 0.54% | +0.38 |
| BA The Boeing Co. | Add +44.8% | 0.83% | +0.37 |
| FLR Fluor Corp. | Add +49.4% | 0.61% | +0.33 |
| GSIE Goldman Sachs Activebeta Int | Add +1.1% | 2.45% | +0.31 |
| AMZN Amazon.com Inc. | Add +0.6% | 1.89% | +0.29 |
| AVGO Broadcom Inc. | Add +40.2% | 0.49% | +0.28 |
| LLY Eli Lilly & Co. | Add +21.3% | 1.48% | +0.21 |
| EMR Emerson Electric Co. | Add +0.1% | 1.06% | +0.20 |
| ORCL Oracle Corp. | Add +28.4% | 0.35% | +0.18 |
| CLX Clorox Company | Add +119.5% | 0.37% | +0.17 |
| AZN Astrazeneca PLC-Spons ADR | Add +20.0% | 1.09% | +0.15 |
| PFUPX PIMCO Intl BND Unhdg-I2 | New | 0.14% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.14% | +0.14 |
| NVDA Nvidia Corp. | Add +7.5% | 0.36% | +0.14 |
| GBX Greenbrier Companies Inc. | New | 0.12% | +0.12 |
| WMT Walmart Inc. | Add +235.4% | 0.16% | +0.12 |
| FTI Technipfmc PLC | New | 0.11% | +0.11 |
| CARR Carrier Global Corp. | New | 0.11% | +0.11 |
| ETN Eaton Corp. PLC | Add +10.9% | 0.32% | +0.11 |
| FSLR First Solar Inc. | Add +44.0% | 0.20% | +0.10 |
| TMO Thermo Fisher Scientific Inc. | New | 0.08% | +0.08 |
| FCX Freeport-McMoran Inc. | Add +14.3% | 0.32% | +0.08 |
| META Meta Platforms Inc. Class A | Add +0.3% | 0.33% | +0.08 |
| CMI Cummins Inc. | Add +12.2% | 0.42% | +0.07 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +8.7% | 0.63% | +0.07 |
| BHPLF BHP Group Ltd. | New | 0.06% | +0.06 |
| OTIS Otis Worldwide Corp. | New | 0.06% | +0.06 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.05% | +0.05 |
| GEM Goldman Sachs Activebeta Em | New | 0.05% | +0.05 |
| AMP Ameriprise Financial Inc. | New | 0.05% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.05% | +0.05 |
| ZS Zscaler Inc. | New | 0.04% | +0.04 |
| CFIHX Amer FNDS Cap Inc. BLDR-F3 | New | 0.04% | +0.04 |
| SMR Nuscale Power Corp. | New | 0.04% | +0.04 |
| BCD Abrdn Bloomberg All Commodit | Add +10.5% | 0.40% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | Add +4.8% | 0.50% | +0.03 |
| NFLX Netflix Inc. | Add +3.2% | 0.09% | +0.03 |
| VTIP Vanguard Short-Term Tips | Add +12.0% | 0.19% | +0.03 |
| SCHB Schwab US Broad Market ETF | Add +0.1% | 0.21% | +0.02 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +1.8% | 0.12% | +0.02 |
| MOTI Vaneck Mstar Int Moat ETF | Add +2.4% | 0.18% | +0.01 |
| FXAIX Fidelity 500 Index Fund | Add +5.9% | 0.06% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.1% | 0.11% | +0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Add +1.1% | 0.13% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.4% | 0.06% | +0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Add +17.7% | 0.08% | +0.01 |
| SHTLF SOUTH32 Ltd. | New | 0.00% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Add +2.8% | 0.09% | +0.00 |
| GBIL Goldman Sachs Access Treasur | Add +0.5% | 0.13% | +0.00 |
| UNP Union Pacific Corp. | Add +2.4% | 0.15% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Reduce -0.5% | 41,034 | $888K |
| US BANCORP (USB F PERP B*) | COM | Reduce -0.3% | 36,506 | $733K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Add +2.5% | 16,403 | $405K |
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 |