Mengis Capital Management, Inc.

Name: Mengis Capital Management, Inc. 13F holdings, Q4 2025
Creator: Mengis Capital Management, Inc.
Published: 2026-03-05

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

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%
TDY Teledyne Technologies Inc.	0.22%	2,397	$1.2M	No change
ILMN Illumina Inc.	0.21%	8,965	$1.2M	Reduce -0.8%
WMT Walmart Inc.	0.20%	9,992	$1.1M	Add +27.8%
CVS CVS Health Corp.	0.20%	13,994	$1.1M	Reduce -19.4%
SCHB Schwab US Broad Market ETF	0.20%	42,290	$1.1M	Add +0.1%
GD General Dynamics Corp.	0.20%	3,273	$1.1M	No change
MOTI Vaneck Mstar Int Moat ETF	0.19%	29,584	$1.1M	Add +4.4%
SCHA Schwab US Small-Cap ETF	0.19%	38,060	$1.1M	Reduce -0.5%
HON Honeywell International Inc.	0.19%	5,477	$1.1M	Add +0.3%
USB US Bancorp	0.19%	19,732	$1.1M	Add +118.5%
CL Colgate-Palmolive Co.	0.17%	12,350	$976K	Add +62.5%
VTIP Vanguard Short-Term Tips	0.16%	18,740	$927K	Reduce -0.9%
Q Qnity Electronics Inc.	0.16%	11,244	$918K	Reduce -2.5%
DD Dupont DE Nemours Inc.	0.16%	22,806	$917K	Reduce -1.2%
VZ Verizon Communications Inc.	0.16%	22,423	$913K	Reduce -25.6%
CSCO Cisco Systems Inc.	0.16%	11,545	$889K	Add +84.3%
TSM Taiwan Semiconductor-SP ADR	0.16%	2,906	$883K	Reduce -2.5%
WAT Waters Corp.	0.15%	2,250	$855K	No change
UPS United Parcel Service Class B	0.14%	8,198	$813K	Reduce -17.1%
PREF Pri Spe Pre Sec Acti-Usd Inc.	0.14%	42,415	$809K	New
FTI Technipfmc PLC	0.14%	18,000	$802K	No change
DXJ Wisdomtree Japan Hedged Eq	0.14%	5,544	$799K	Add +0.3%
SBUX Starbucks Corp.	0.14%	9,414	$793K	Reduce -1.7%
CAT Caterpillar Inc.	0.14%	1,356	$777K	Reduce -2.2%
GEM Goldman Sachs Activebeta Em	0.14%	18,521	$771K	Add +35.9%
DDOG Datadog Inc. Class A	0.13%	5,559	$756K	Reduce -0.5%
EQT Eqt Corp.	0.13%	13,900	$745K	Add +100.2%
GBIL Goldman Sachs Access Treasur	0.13%	7,332	$733K	Add +23.1%
PFUPX PIMCO Intl BND Unhdg-I2	0.13%	92,001	$721K	Add +0.7%
WFC Wells Fargo & Co.	0.12%	7,517	$701K	Add +22.9%
WY Weyerhaeuser Co.	0.12%	29,246	$693K	Reduce -4.1%
AIR Aar Corp.	0.12%	8,365	$693K	Reduce -19.3%
VOO Vanguard S&P 500 ETF	0.12%	1,103	$692K	No change
VGT Vanguard Info Tech ETF	0.12%	918	$692K	No change
APD Air Products & Chemicals Inc.	0.12%	2,788	$689K	No change
GBX Greenbrier Companies Inc.	0.12%	14,500	$678K	Add +7.4%
IWM iShares Russell 2000 ETF	0.12%	2,632	$648K	Reduce -0.8%
FNDX Schwab Fndmntl US LRG Co. ETF	0.11%	23,604	$642K	Add +5.5%
XSOE Wisdmtree Emerg MKT Ex-St Ow	0.11%	16,245	$634K	No change
INTC Intel Corp.	0.11%	16,811	$620K	Add +154.6%
AMAT Applied Materials Inc.	0.11%	2,371	$609K	Reduce -4.0%
UL Unilever PLC	0.11%	9,275	$607K	Reduce -13.8%
FNPFX Amer FNDS New Perspect-F3 filed as AMERICAN FUNDS NEW PERSP	0.11%	8,582	$606K	Add +3.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.11%	2,065	$599K	Add +10.7%
TMO Thermo Fisher Scientific Inc.	0.11%	1,033	$599K	Add +1.3%
GLD SPDR Gold Shares	0.10%	1,455	$577K	No change
IVW iShares S&P 500 Growth ETF	0.10%	4,658	$574K	Reduce -0.0%
KMPR Kemper Corp.	0.10%	13,813	$560K	Add +59.0%
FXAIX Fidelity 500 Index Fund	0.10%	2,312	$550K	Add +1.6%
SCHY Schwab International DVD ETF	0.10%	18,130	$541K	Add +17.4%
ABNB Airbnb Inc. Class A	0.09%	3,765	$511K	Reduce -1.3%
VIG Vanguard Dividend Apprec ETF	0.09%	2,319	$510K	Reduce -10.5%
ABT Abbott Laboratories	0.09%	3,996	$501K	Reduce -5.9%
CBT Cabot Corp.	0.09%	7,500	$497K	No change
SPSM SS SPDR P S&P 600 Small Cap	0.09%	10,314	$483K	Add +5.7%
HFWA Heritage Financial Corp.	0.09%	20,310	$480K	Reduce 0.0%
BLK BlackRock Finance Inc.	0.08%	443	$474K	No change
ITOT iShares Core S&P Total U.S.	0.08%	2,926	$435K	No change
VTRS Viatris Inc.	0.08%	34,204	$426K	No change
TSLA Tesla Inc.	0.08%	942	$424K	No change
PRU Prudential Financial Inc.	0.07%	3,630	$410K	Reduce -1.4%
FNDA Schwab Fndmntl US SM Co. ETF	0.07%	12,625	$398K	Add +0.0%
SAP Sap SE-Sponsored ADR	0.07%	1,620	$394K	Reduce -9.8%
SCHP Schwab U.S. Tips ETF	0.07%	14,700	$389K	Reduce -4.9%
ESGV Vanguard ESG US Stock ETF	0.07%	3,206	$388K	Add +34.1%
CMCSA Comcast Corp. Class A	0.07%	12,852	$384K	Reduce -18.3%
GIS General Mills Inc.	0.07%	8,200	$381K	Reduce -22.1%
SCHV Schwab US Large-Cap Value	0.07%	12,693	$376K	Add +0.1%
QQQ Invesco QQQ Trust Series 1	0.07%	608	$374K	Add +7.6%
CARR Carrier Global Corp.	0.06%	6,901	$365K	No change
AVAV Aerovironment Inc.	0.06%	1,501	$363K	Add +61.2%
VCSH Vanguard S/T Corp. Bond ETF	0.06%	4,495	$358K	New
DVY iShares Select Dividend ETF	0.06%	2,500	$353K	No change
ENB Enbridge Inc.	0.06%	7,084	$339K	No change
BHPLF BHP Group Ltd.	0.06%	10,921	$331K	No change
SCHF Schwab Intl Equity ETF	0.06%	13,584	$327K	Add +3.0%
VTI VG Morningstar TS MKT ETF-US	0.06%	960	$322K	Reduce -0.4%
AMRZ Amrize Ltd.	0.06%	5,750	$311K	Add +8.5%
CTVA Corteva Inc.	0.05%	4,505	$302K	Reduce -6.8%
WMB Williams Cos Inc.	0.05%	4,981	$299K	Reduce -4.8%
ISRG Intuitive Surgical Inc.	0.05%	521	$295K	No change
NEE Nextera Energy Inc.	0.05%	3,630	$291K	No change
CRM Salesforce Inc.	0.05%	1,090	$289K	No change
SLV iShares Silver Trust	0.05%	4,391	$283K	New
ADI Analog Devices Inc.	0.05%	1,040	$282K	No change
NFLX Netflix Inc.	0.05%	2,960	$278K	No change
IJH iShares Core S&P Midcap ETF	0.05%	4,060	$268K	Add +0.3%
BKNG Booking Holdings Inc.	0.05%	49	$262K	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.05%	537	$262K	Add +10.3%
BROS Dutch Bros Inc. Class A	0.04%	4,030	$247K	New
GSSC Goldman Sachs Activebeta US	0.04%	3,224	$244K	No change
ALC Alcon Inc. filed as ALCON AG	0.04%	3,092	$244K	Add +4.7%
LNG Cheniere Energy Inc.	0.04%	1,200	$233K	No change
OTIS Otis Worldwide Corp.	0.04%	2,650	$231K	No change
VRTX Vertex Pharmaceuticals Inc.	0.04%	500	$227K	New
CBRE CBRE Group Inc. Class A	0.04%	1,376	$221K	No change
SDZNY Sandoz Group AG-ADR	0.04%	2,973	$216K	New
KMI Kinder Morgan Inc.	0.04%	7,670	$211K	Reduce -0.0%
CFIHX Amer FNDS Cap Inc. BLDR-F3	0.04%	2,730	$210K	Add +0.3%
EPD Enterprise Products Partners	0.04%	6,500	$208K	New
AIVL Wisdomtree US AI Enhanced Va	0.04%	1,795	$206K	No change
XLE SS Energy Select Sector	0.04%	4,575	$205K	No change
KKR KKR & Co. Inc.	0.04%	1,600	$204K	New
EWJ iShares MSCI Japan ETF	0.04%	2,500	$202K	New
SHTLF SOUTH32 Ltd.	0.00%	10,921	$26K	No change

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