Mengis Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 5, 2026), Mengis Capital Management, Inc. reported 205 stock positions worth $563.6 million. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Alphabet Class C (GOOG, 3.5%). Compared with Q3 2025, it opened 9 new positions, sold out of 8, added to 88 and reduced 67. The biggest buy was McCormick & Co.-Non VTG SHRS (MKC, shares +467%) and the biggest sale Costco Wholesale (COST, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $563.6M (Q4 2025)
- SEC Filing
- 0001609674-26-000001 ↗ filed Mar 5, 2026
Holdings Value
Holdings 205 stocks · $563.6M
| AAPL Apple Inc. | 6.84% | 141,833 | $38.6M | Add +2.9% |
| MSFT Microsoft Corp. | 5.37% | 62,535 | $30.2M | Add +6.1% |
| GOOG Alphabet Inc. Class C | 3.54% | 63,599 | $20.0M | Add +0.9% |
| JPM JPMorgan Chase & Co. | 3.11% | 54,346 | $17.5M | Reduce -0.9% |
| CVX Chevron Corp. | 2.66% | 98,363 | $15.0M | Add +7.8% |
| GSIE Goldman Sachs Activebeta Int | 2.27% | 297,648 | $12.8M | Add +0.8% |
| DE Deere & Co. | 2.24% | 27,120 | $12.6M | Add +6.8% |
| PCAR Paccar Inc. | 2.17% | 111,486 | $12.2M | Add +16.1% |
| QCOM Qualcomm Inc. | 2.16% | 71,064 | $12.2M | Reduce -0.6% |
| PWR Quanta Services Inc. | 2.15% | 28,740 | $12.1M | Add +5.6% |
| LLY Eli Lilly & Co. | 1.88% | 9,874 | $10.6M | Add +5.3% |
| AMZN Amazon.com Inc. | 1.79% | 43,673 | $10.1M | Add +9.6% |
| NVS Novartis AG-Sponsored ADR | 1.73% | 70,748 | $9.8M | Add +10.6% |
| COST Costco Wholesale Corp. | 1.63% | 10,631 | $9.2M | Reduce -4.0% |
| MDT Medtronic PLC | 1.62% | 94,877 | $9.1M | Add +3.0% |
| AZN Astrazeneca PLC-Spons ADR | 1.52% | 93,361 | $8.6M | Add +7.5% |
| JNJ Johnson & Johnson | 1.50% | 40,972 | $8.5M | Add +13.7% |
| ATI Ati Inc. | 1.49% | 73,267 | $8.4M | Reduce -10.4% |
| XOM Exxon Mobil Corp. | 1.34% | 62,807 | $7.6M | Add +11.4% |
| PM Philip Morris International | 1.27% | 44,579 | $7.2M | Add +4.4% |
| MOAT Vaneck Morningstar Wide Moat | 1.18% | 64,323 | $6.7M | Add +10.1% |
| PEP Pepsico Inc. | 1.11% | 43,598 | $6.3M | Add +16.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.03% | 19,683 | $5.8M | Add +34.0% |
| IAU iShares Gold Trust | 0.98% | 68,270 | $5.5M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 0.97% | 203,959 | $5.5M | Add +1.9% |
| MRK Merck & Co. Inc. | 0.95% | 51,096 | $5.4M | Reduce -1.5% |
| EMR Emerson Electric Co. | 0.92% | 38,884 | $5.2M | Add +4.4% |
| SCHM Schwab US Mid Cap ETF | 0.89% | 166,731 | $5.0M | Reduce -0.8% |
| HSY The Hershey Co. | 0.89% | 27,475 | $5.0M | Add +19.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.87% | 9,725 | $4.9M | Add +0.4% |
| CLX Clorox Company | 0.85% | 47,643 | $4.8M | Add +38.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.85% | 87,162 | $4.8M | Reduce -4.4% |
| NSRGY Nestle SA-Spons ADR | 0.81% | 46,175 | $4.6M | Add +11.4% |
| BA The Boeing Co. | 0.81% | 20,970 | $4.6M | Add +6.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.79% | 6,568 | $4.5M | Reduce -2.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.76% | 63,200 | $4.3M | Add +467.1% |
| SCHW Schwab (charles) Corp. | 0.73% | 41,181 | $4.1M | Reduce -1.7% |
| GEHC GE Healthcare Technology | 0.72% | 49,197 | $4.0M | Reduce -2.7% |
| HUBB Hubbell Inc. | 0.71% | 9,000 | $4.0M | No change |
| GSLC Goldman Activebeta US LC ETF | 0.66% | 27,923 | $3.7M | Add +1.6% |
| MRVL Marvell Technology Inc. | 0.65% | 43,249 | $3.7M | Add +105.3% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.63% | 67,137 | $3.5M | Add +14.5% |
| AVGO Broadcom Inc. | 0.63% | 10,231 | $3.5M | Add +23.9% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.61% | 90,211 | $3.5M | Add +7.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.60% | 66,694 | $3.4M | Add +303.2% |
| KO The Coca-Cola Co. | 0.59% | 47,733 | $3.3M | Reduce 0.0% |
| SCHD Schwab US DVD Equity ETF | 0.59% | 120,583 | $3.3M | Add +8.8% |
| CMI Cummins Inc. | 0.59% | 6,463 | $3.3M | Add +0.3% |
| NKE Nike Inc. Class B | 0.58% | 51,721 | $3.3M | Add +42.2% |
| RTX RTX Corp. | 0.54% | 16,719 | $3.1M | No change |
| IVV iShares Core S&P 500 ETF | 0.54% | 4,460 | $3.1M | Reduce -3.6% |
| MMM 3M Co. | 0.53% | 18,753 | $3.0M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.53% | 9,498 | $3.0M | Reduce -0.1% |
| AXP American Express Co. | 0.51% | 7,790 | $2.9M | No change |
| FDX FedEx Corp. | 0.51% | 9,920 | $2.9M | Reduce -1.2% |
| WWD Woodward Inc. | 0.51% | 9,438 | $2.9M | Add +66.7% |
| KR Kroger Co. | 0.49% | 44,557 | $2.8M | Add +8.2% |
| BRKR Bruker Corp. | 0.48% | 57,220 | $2.7M | Add +2.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.47% | 2,453 | $2.6M | No change |
| PNC PNC Financial Services Group | 0.46% | 12,290 | $2.6M | Add +12.8% |
| PG The Procter & Gamble Co. | 0.45% | 17,666 | $2.5M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.44% | 21,896 | $2.5M | Reduce -0.7% |
| BSV Vanguard Short-Term Bond ETF | 0.42% | 29,951 | $2.4M | Add +0.8% |
| KMB Kimberly-Clark Corp. | 0.41% | 22,750 | $2.3M | Add +21.5% |
| BMY Bristol-Myers Squibb Co. | 0.39% | 41,233 | $2.2M | Reduce -13.1% |
| DELL Dell Technologies -C | 0.39% | 17,585 | $2.2M | Reduce -3.4% |
| FLS Flowserve Corp. | 0.39% | 31,505 | $2.2M | No change |
| A Agilent Technologies Inc. | 0.39% | 15,946 | $2.2M | Add +4.9% |
| HD Home Depot Inc. | 0.38% | 6,167 | $2.1M | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.37% | 9,217 | $2.1M | Add +0.4% |
| AMD Advanced Micro Devices | 0.37% | 9,780 | $2.1M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.37% | 8,995 | $2.1M | Add +50.5% |
| SPXC SPX Technologies Inc. | 0.35% | 10,000 | $2.0M | Add +66.7% |
| FLR Fluor Corp. | 0.35% | 50,097 | $2.0M | Reduce -9.5% |
| AMGN Amgen Inc. | 0.35% | 6,047 | $2.0M | Reduce -0.1% |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.35% | 63,842 | $2.0M | Add +3.8% |
| CTRA Coterra Energy Inc. | 0.35% | 74,776 | $2.0M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.34% | 23,275 | $1.9M | Reduce -7.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 25,804 | $1.9M | Add +0.3% |
| FSLR First Solar Inc. | 0.34% | 7,243 | $1.9M | Add +26.1% |
| VCIT Vanguard Int-Term Corporate | 0.32% | 21,331 | $1.8M | Add +35.1% |
| NXPI NXP Semiconductors NV | 0.32% | 8,180 | $1.8M | No change |
| FCX Freeport-McMoran Inc. | 0.31% | 34,404 | $1.7M | No change |
| VLO Valero Energy Corp. | 0.31% | 10,589 | $1.7M | Reduce -10.7% |
| MPC Marathon Petroleum Corp. | 0.30% | 10,300 | $1.7M | Reduce -2.6% |
| WAB Wabtec Corp. | 0.30% | 7,815 | $1.7M | No change |
| ORCL Oracle Corp. | 0.29% | 8,528 | $1.7M | Add +16.4% |
| PFE Pfizer Inc. | 0.28% | 64,213 | $1.6M | Add +12.3% |
| NVDA Nvidia Corp. | 0.27% | 8,225 | $1.5M | Reduce -10.2% |
| ETN Eaton Corp. PLC | 0.27% | 4,738 | $1.5M | Add +11.8% |
| NTR Nutrien Ltd. | 0.26% | 23,760 | $1.5M | Reduce -1.6% |
| BIV Vanguard Intermediate-Term B | 0.26% | 18,604 | $1.4M | Reduce -5.2% |
| KEYS Keysight Technologies Inc. | 0.26% | 7,113 | $1.4M | Add +5.9% |
| WM Waste Management Inc. | 0.25% | 6,528 | $1.4M | Reduce -1.1% |
| COLB Columbia Banking System Inc. | 0.25% | 50,578 | $1.4M | Reduce -0.9% |
| STX Seagate Technology Holdings | 0.25% | 5,095 | $1.4M | Reduce -5.2% |
| ADP Automatic Data Processing | 0.23% | 5,046 | $1.3M | No change |
| MCD McDonald's Corp. | 0.23% | 4,184 | $1.3M | Reduce -4.6% |
| LEN Lennar Corp. Class A | 0.23% | 12,424 | $1.3M | No change |
| META Meta Platforms Inc. Class A | 0.22% | 1,860 | $1.2M | Reduce -12.3% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 31,267 | $622K | Reduce -23.8% |
| US BANCORP (USB F PERP B*) | COM | 32,879 | $587K | Reduce -10.0% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 20,140 | $503K | Reduce -2.0% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 16,653 | $416K | Add +0.9% |
Total filed on the 13F, all lines: $565.7M.
Portfolio Sells Q3 2025 → Q4 2025
| COST Costco Wholesale Corp. | Reduce -4.0% | 1.63% | −0.40 |
| JPM JPMorgan Chase & Co. | Reduce -0.9% | 3.11% | −0.31 |
| DD Dupont DE Nemours Inc. | Reduce -1.2% | 0.16% | −0.19 |
| QCOM Qualcomm Inc. | Reduce -0.6% | 2.16% | −0.19 |
| UBER Uber Technologies Inc. | Reduce -7.2% | 0.34% | −0.15 |
| HD Home Depot Inc. | Reduce -3.1% | 0.38% | −0.13 |
| DELL Dell Technologies -C | Reduce -3.4% | 0.39% | −0.12 |
| FLR Fluor Corp. | Reduce -9.5% | 0.35% | −0.11 |
| MPC Marathon Petroleum Corp. | Reduce -2.6% | 0.30% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -25.6% | 0.16% | −0.10 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.8% | 0.89% | −0.09 |
| VLO Valero Energy Corp. | Reduce -10.7% | 0.31% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -12.3% | 0.22% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 0.45% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.0% | 0.79% | −0.09 |
| BAC Bank of America Corp. | Reduce -4.4% | 0.85% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -3.6% | 0.54% | −0.07 |
| NVDA Nvidia Corp. | Reduce -10.2% | 0.27% | −0.07 |
| CVS CVS Health Corp. | Reduce -19.4% | 0.20% | −0.06 |
| AIR Aar Corp. | Reduce -19.3% | 0.12% | −0.06 |
| SCHW Schwab (charles) Corp. | Reduce -1.7% | 0.73% | −0.06 |
| DIS The Walt Disney Co. | Reduce -0.7% | 0.44% | −0.06 |
| BIV Vanguard Intermediate-Term B | Reduce -5.2% | 0.26% | −0.05 |
| MMM 3M Co. | Reduce -0.1% | 0.53% | −0.04 |
| K Kellanova | Sold out | 0.00% | −0.04 |
| GLW Corning Inc. | Sold out | 0.00% | −0.04 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.04 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.04 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.04 |
| GIS General Mills Inc. | Reduce -22.1% | 0.07% | −0.04 |
| ERIC Ericsson (lm) Tel-SP ADR | Sold out | 0.00% | −0.04 |
| MCD McDonald's Corp. | Reduce -4.6% | 0.23% | −0.04 |
| GEHC GE Healthcare Technology | Reduce -2.7% | 0.72% | −0.03 |
| KO The Coca-Cola Co. | Reduce 0.0% | 0.59% | −0.03 |
| WM Waste Management Inc. | Reduce -1.1% | 0.25% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -18.3% | 0.07% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -13.1% | 0.39% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -4.1% | 0.12% | −0.03 |
| SAP Sap SE-Sponsored ADR | Reduce -9.8% | 0.07% | −0.03 |
| VTIP Vanguard Short-Term Tips | Reduce -0.9% | 0.16% | −0.02 |
| ABT Abbott Laboratories | Reduce -5.9% | 0.09% | −0.02 |
| Q Qnity Electronics Inc. | Reduce -2.5% | 0.16% | −0.02 |
| BCOIX Baird Core Plus Bond-Inst | Sold out | 0.00% | −0.02 |
| DDOG Datadog Inc. Class A | Reduce -0.5% | 0.13% | −0.02 |
| NTR Nutrien Ltd. | Reduce -1.6% | 0.26% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -10.5% | 0.09% | −0.02 |
| SBUX Starbucks Corp. | Reduce -1.7% | 0.14% | −0.02 |
| UPS United Parcel Service Class B | Reduce -17.1% | 0.14% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.5% | 0.19% | −0.02 |
| UL Unilever PLC | Reduce -13.8% | 0.11% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| MKC McCormick & Co.-Non VTG SHRS | Add +467.1% | 0.76% | +0.62 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 3.54% | +0.51 |
| LLY Eli Lilly & Co. | Add +5.3% | 1.88% | +0.47 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +303.2% | 0.60% | +0.42 |
| MRVL Marvell Technology Inc. | Add +105.3% | 0.65% | +0.30 |
| PCAR Paccar Inc. | Add +16.1% | 2.17% | +0.30 |
| WWD Woodward Inc. | Add +66.7% | 0.51% | +0.22 |
| IBM Intl Business Machines Corp. | Add +34.0% | 1.03% | +0.22 |
| AZN Astrazeneca PLC-Spons ADR | Add +7.5% | 1.52% | +0.21 |
| JNJ Johnson & Johnson | Add +13.7% | 1.50% | +0.18 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | New | 0.14% | +0.14 |
| SPXC SPX Technologies Inc. | Add +66.7% | 0.35% | +0.13 |
| BRKR Bruker Corp. | Add +2.0% | 0.48% | +0.12 |
| NVS Novartis AG-Sponsored ADR | Add +10.6% | 1.73% | +0.11 |
| USB US Bancorp | Add +118.5% | 0.19% | +0.10 |
| UNP Union Pacific Corp. | Add +50.5% | 0.37% | +0.09 |
| AVGO Broadcom Inc. | Add +23.9% | 0.63% | +0.09 |
| FSLR First Solar Inc. | Add +26.1% | 0.34% | +0.09 |
| XOM Exxon Mobil Corp. | Add +11.4% | 1.34% | +0.09 |
| NKE Nike Inc. Class B | Add +42.2% | 0.58% | +0.08 |
| CSCO Cisco Systems Inc. | Add +84.3% | 0.16% | +0.07 |
| PEP Pepsico Inc. | Add +16.6% | 1.11% | +0.07 |
| INTC Intel Corp. | Add +154.6% | 0.11% | +0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.06% | +0.06 |
| AMZN Amazon.com Inc. | Add +9.6% | 1.79% | +0.06 |
| NSRGY Nestle SA-Spons ADR | Add +11.4% | 0.81% | +0.06 |
| EQT Eqt Corp. | Add +100.2% | 0.13% | +0.06 |
| VCIT Vanguard Int-Term Corporate | Add +35.1% | 0.32% | +0.05 |
| CL Colgate-Palmolive Co. | Add +62.5% | 0.17% | +0.05 |
| SLV iShares Silver Trust | New | 0.05% | +0.05 |
| CMI Cummins Inc. | Add +0.3% | 0.59% | +0.05 |
| SLB SLB Ltd. | Add +7.9% | 0.61% | +0.05 |
| BROS Dutch Bros Inc. Class A | New | 0.04% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| HSY The Hershey Co. | Add +19.7% | 0.89% | +0.04 |
| SDZNY Sandoz Group AG-ADR | New | 0.04% | +0.04 |
| WMT Walmart Inc. | Add +27.8% | 0.20% | +0.04 |
| MOAT Vaneck Morningstar Wide Moat | Add +10.1% | 1.18% | +0.04 |
| EPD Enterprise Products Partners | New | 0.04% | +0.04 |
| KKR KKR & Co. Inc. | New | 0.04% | +0.04 |
| EWJ iShares MSCI Japan ETF | New | 0.04% | +0.04 |
| GEM Goldman Sachs Activebeta Em | Add +35.9% | 0.14% | +0.03 |
| KEYS Keysight Technologies Inc. | Add +5.9% | 0.26% | +0.02 |
| WFC Wells Fargo & Co. | Add +22.9% | 0.12% | +0.02 |
| PNC PNC Financial Services Group | Add +12.8% | 0.46% | +0.02 |
| CLX Clorox Company | Add +38.6% | 0.85% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +34.1% | 0.07% | +0.01 |
| GBIL Goldman Sachs Access Treasur | Add +23.1% | 0.13% | +0.01 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +14.5% | 0.63% | +0.01 |
| KMPR Kemper Corp. | Add +59.0% | 0.10% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Reduce -23.8% | 31,267 | $622K |
| US BANCORP (USB F PERP B*) | COM | Reduce -10.0% | 32,879 | $587K |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Reduce -2.0% | 20,140 | $503K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Add +0.9% | 16,653 | $416K |
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 |