Mengis Capital Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Mengis Capital Management, Inc. reported 208 stock positions worth $578.9 million. Its top holding was Apple (AAPL) at 6.2% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Chevron (CVX, 3.5%). Compared with Q4 2025, it opened 8 new positions, sold out of 5, added to 66 and reduced 81. The biggest buy was a new position in Boston Scientific (BSX) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001609674
- Portfolio Value
- $578.9M (Q1 2026)
- SEC Filing
- 0001609674-26-000003 ↗ filed May 12, 2026
Holdings Value
Holdings 208 stocks · $578.9M
| AAPL Apple Inc. | 6.21% | 141,764 | $36.0M | Reduce -0.1% |
| MSFT Microsoft Corp. | 4.08% | 63,845 | $23.6M | Add +2.1% |
| CVX Chevron Corp. | 3.50% | 97,984 | $20.3M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 3.16% | 63,765 | $18.3M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 2.76% | 54,298 | $16.0M | Reduce -0.1% |
| PWR Quanta Services Inc. | 2.68% | 28,210 | $15.5M | Reduce -1.8% |
| DE Deere & Co. | 2.64% | 27,115 | $15.3M | Reduce -0.0% |
| GSIE Goldman Sachs Activebeta Int | 2.27% | 304,249 | $13.1M | Add +2.2% |
| PCAR Paccar Inc. | 2.22% | 111,314 | $12.9M | Reduce -0.1% |
| NVS Novartis AG-Sponsored ADR | 1.86% | 70,648 | $10.8M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 1.83% | 62,407 | $10.6M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 1.82% | 10,576 | $10.5M | Reduce -0.5% |
| ATI Ati Inc. | 1.78% | 70,652 | $10.3M | Reduce -3.6% |
| JNJ Johnson & Johnson | 1.73% | 40,968 | $10.0M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 1.67% | 46,378 | $9.7M | Add +6.2% |
| AZN Astrazeneca PLC-Spons ADR | 1.59% | 46,698 | $9.2M | No change |
| LLY Eli Lilly & Co. | 1.57% | 9,878 | $9.1M | Add +0.0% |
| QCOM Qualcomm Inc. | 1.56% | 70,259 | $9.0M | Reduce -1.1% |
| MDT Medtronic PLC | 1.44% | 96,327 | $8.3M | Add +1.5% |
| PM Philip Morris International | 1.27% | 44,400 | $7.3M | Reduce -0.4% |
| PEP Pepsico Inc. | 1.20% | 44,594 | $6.9M | Add +2.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.12% | 67,292 | $6.5M | Add +4.6% |
| MRK Merck & Co. Inc. | 1.02% | 48,922 | $5.9M | Reduce -4.3% |
| IAU iShares Gold Trust | 1.01% | 66,013 | $5.8M | Reduce -3.3% |
| HSY The Hershey Co. | 0.99% | 27,455 | $5.7M | Reduce -0.1% |
| SCHX Schwab US Large-Cap ETF | 0.92% | 207,316 | $5.3M | Add +1.6% |
| BA The Boeing Co. | 0.92% | 26,680 | $5.3M | Add +27.2% |
| SCHM Schwab US Mid Cap ETF | 0.90% | 168,917 | $5.2M | Add +1.3% |
| CLX Clorox Company | 0.89% | 49,749 | $5.2M | Add +4.4% |
| EMR Emerson Electric Co. | 0.88% | 38,884 | $5.1M | No change |
| NSRGY Nestle SA-Spons ADR | 0.87% | 51,055 | $5.1M | Add +10.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.82% | 19,703 | $4.8M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.81% | 9,840 | $4.7M | Add +1.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.80% | 90,606 | $4.7M | Add +0.4% |
| MRVL Marvell Technology Inc. | 0.79% | 45,985 | $4.6M | Add +6.3% |
| HUBB Hubbell Inc. | 0.76% | 9,000 | $4.4M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.73% | 6,483 | $4.2M | Reduce -1.3% |
| UNP Union Pacific Corp. | 0.72% | 17,123 | $4.2M | Add +90.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.71% | 84,414 | $4.1M | Reduce -3.1% |
| AVGO Broadcom Inc. | 0.67% | 12,552 | $3.9M | Add +22.7% |
| SCHW Schwab (charles) Corp. | 0.67% | 41,107 | $3.9M | Reduce -0.2% |
| SCHD Schwab US DVD Equity ETF | 0.67% | 125,703 | $3.9M | Add +4.3% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.67% | 74,257 | $3.9M | Add +10.6% |
| MKC McCormick & Co.-Non VTG SHRS | 0.66% | 75,695 | $3.8M | Add +19.8% |
| KO The Coca-Cola Co. | 0.63% | 47,583 | $3.6M | Reduce -0.3% |
| GSLC Goldman Activebeta US LC ETF | 0.62% | 28,533 | $3.6M | Add +2.2% |
| CMI Cummins Inc. | 0.60% | 6,463 | $3.5M | No change |
| WWD Woodward Inc. | 0.58% | 9,438 | $3.4M | No change |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.57% | 2,513 | $3.3M | Add +2.5% |
| GEHC GE Healthcare Technology | 0.56% | 45,907 | $3.3M | Reduce -6.7% |
| FDX FedEx Corp. | 0.56% | 9,160 | $3.3M | Reduce -7.7% |
| KR Kroger Co. | 0.56% | 44,557 | $3.2M | No change |
| RTX RTX Corp. | 0.56% | 16,714 | $3.2M | Reduce -0.0% |
| BSX Boston Scientific Corp. | 0.51% | 47,066 | $3.0M | New |
| NKE Nike Inc. Class B | 0.50% | 55,342 | $2.9M | Add +7.0% |
| IVV iShares Core S&P 500 ETF | 0.50% | 4,449 | $2.9M | Reduce -0.3% |
| DELL Dell Technologies -C | 0.50% | 17,550 | $2.9M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.47% | 9,498 | $2.7M | No change |
| MMM 3M Co. | 0.46% | 18,353 | $2.7M | Reduce -2.1% |
| VLO Valero Energy Corp. | 0.45% | 10,580 | $2.6M | Reduce -0.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.45% | 70,364 | $2.6M | Add +5.5% |
| PNC PNC Financial Services Group | 0.44% | 12,335 | $2.6M | Add +0.4% |
| PG The Procter & Gamble Co. | 0.44% | 17,698 | $2.6M | Add +0.2% |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.44% | 70,711 | $2.5M | Add +10.8% |
| MPC Marathon Petroleum Corp. | 0.43% | 10,300 | $2.5M | No change |
| BMY Bristol-Myers Squibb Co. | 0.43% | 40,858 | $2.5M | Reduce -0.9% |
| AXP American Express Co. | 0.41% | 7,790 | $2.4M | No change |
| FLR Fluor Corp. | 0.40% | 50,197 | $2.3M | Add +0.2% |
| FLS Flowserve Corp. | 0.40% | 31,505 | $2.3M | No change |
| AMGN Amgen Inc. | 0.37% | 6,047 | $2.1M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.35% | 21,302 | $2.1M | Reduce -2.7% |
| BSV Vanguard Short-Term Bond ETF | 0.35% | 25,968 | $2.0M | Reduce -13.3% |
| HD Home Depot Inc. | 0.35% | 6,168 | $2.0M | Add +0.0% |
| KEYS Keysight Technologies Inc. | 0.35% | 7,113 | $2.0M | No change |
| ABBV Abbvie Inc. | 0.35% | 9,217 | $2.0M | No change |
| SPXC SPX Technologies Inc. | 0.35% | 10,000 | $2.0M | No change |
| AMD Advanced Micro Devices | 0.34% | 9,680 | $2.0M | Reduce -1.0% |
| VCIT Vanguard Int-Term Corporate | 0.34% | 23,674 | $2.0M | Add +11.0% |
| WAB Wabtec Corp. | 0.34% | 7,815 | $2.0M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 25,902 | $1.9M | Add +0.4% |
| PFE Pfizer Inc. | 0.31% | 63,588 | $1.8M | Reduce -1.0% |
| NTR Nutrien Ltd. | 0.30% | 23,360 | $1.8M | Reduce -1.7% |
| ETN Eaton Corp. PLC | 0.30% | 4,838 | $1.7M | Add +2.1% |
| UBER Uber Technologies Inc. | 0.29% | 23,225 | $1.7M | Reduce -0.2% |
| A Agilent Technologies Inc. | 0.29% | 14,496 | $1.7M | Reduce -9.1% |
| STX Seagate Technology Holdings | 0.28% | 4,185 | $1.6M | Reduce -17.9% |
| NXPI NXP Semiconductors NV | 0.28% | 8,180 | $1.6M | No change |
| PFUPX PIMCO Intl BND Unhdg-I2 | 0.27% | 205,267 | $1.5M | Add +123.1% |
| FSLR First Solar Inc. | 0.26% | 7,638 | $1.5M | Add +5.5% |
| WM Waste Management Inc. | 0.26% | 6,548 | $1.5M | Add +0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.26% | 18,811 | $1.5M | Add +318.5% |
| BRKR Bruker Corp. | 0.25% | 40,750 | $1.5M | Reduce -28.8% |
| TDY Teledyne Technologies Inc. | 0.25% | 2,397 | $1.5M | No change |
| NVDA Nvidia Corp. | 0.25% | 8,245 | $1.4M | Add +0.2% |
| FCX Freeport-McMoran Inc. | 0.25% | 24,384 | $1.4M | Reduce -29.1% |
| COLB Columbia Banking System Inc. | 0.24% | 51,637 | $1.4M | Add +2.1% |
| FTI Technipfmc PLC | 0.23% | 19,360 | $1.3M | Add +7.6% |
| MCD McDonald's Corp. | 0.22% | 4,180 | $1.3M | Reduce -0.1% |
| Q Qnity Electronics Inc. | 0.22% | 10,982 | $1.3M | Reduce -2.3% |
| WMT Walmart Inc. | 0.21% | 9,979 | $1.2M | Reduce -0.1% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| US BANCORP (USB F PERP B*) | COM | 31,891 | $583K | Reduce -3.0% |
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 30,267 | $577K | Reduce -3.2% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 20,090 | $488K | Reduce -0.3% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 17,053 | $414K | Add +2.4% |
Total filed on the 13F, all lines: $581.0M.
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -0.1% | 6.21% | −0.63 |
| QCOM Qualcomm Inc. | Reduce -1.1% | 1.56% | −0.59 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 2.76% | −0.35 |
| KMB Kimberly-Clark Corp. | Reduce -56.3% | 0.17% | −0.24 |
| BRKR Bruker Corp. | Reduce -28.8% | 0.25% | −0.22 |
| CTRA Coterra Energy Inc. | Reduce -62.3% | 0.17% | −0.18 |
| BIV Vanguard Intermediate-Term B | Reduce -67.5% | 0.08% | −0.18 |
| GEHC GE Healthcare Technology | Reduce -6.7% | 0.56% | −0.15 |
| BAC Bank of America Corp. | Reduce -3.1% | 0.71% | −0.14 |
| A Agilent Technologies Inc. | Reduce -9.1% | 0.29% | −0.10 |
| ORCL Oracle Corp. | Reduce -5.0% | 0.21% | −0.09 |
| DIS The Walt Disney Co. | Reduce -2.7% | 0.35% | −0.09 |
| MMM 3M Co. | Reduce -2.1% | 0.46% | −0.07 |
| SCHP Schwab U.S. Tips ETF | Sold out | 0.00% | −0.07 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.07 |
| BSV Vanguard Short-Term Bond ETF | Reduce -13.3% | 0.35% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.3% | 0.73% | −0.07 |
| ILMN Illumina Inc. | Reduce -24.0% | 0.14% | −0.06 |
| SCHW Schwab (charles) Corp. | Reduce -0.2% | 0.67% | −0.06 |
| FCX Freeport-McMoran Inc. | Reduce -29.1% | 0.25% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -0.2% | 0.29% | −0.05 |
| KMPR Kemper Corp. | Reduce -25.8% | 0.05% | −0.05 |
| LEN Lennar Corp. Class A | Reduce -1.4% | 0.18% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -0.3% | 0.50% | −0.04 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.04 |
| AIVL Wisdomtree US AI Enhanced Va | Sold out | 0.00% | −0.04 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Reduce -1.0% | 0.34% | −0.03 |
| CVS CVS Health Corp. | Reduce -4.3% | 0.17% | −0.03 |
| SAP Sap SE-Sponsored ADR | Reduce -16.7% | 0.04% | −0.03 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -24.0% | 0.12% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -3.9% | 0.10% | −0.03 |
| AIR Aar Corp. | Reduce -37.1% | 0.10% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -22.1% | 0.06% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.09% | −0.02 |
| FNPFX Amer FNDS New Perspect-F3 | Reduce -9.4% | 0.09% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -2.2% | 0.18% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -3.8% | 0.11% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -24.7% | 0.15% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.0% | 0.09% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -1.8% | 0.11% | −0.01 |
| ABNB Airbnb Inc. Class A | Reduce -0.4% | 0.08% | −0.01 |
| UPS United Parcel Service Class B | Reduce -2.3% | 0.14% | −0.01 |
| SLV iShares Silver Trust | Reduce -16.8% | 0.04% | −0.01 |
| VTIP Vanguard Short-Term Tips | Reduce -2.4% | 0.16% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.7% | 0.04% | −0.01 |
| AMRZ Amrize Ltd. | Reduce -8.7% | 0.05% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -1.5% | 0.11% | −0.00 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.22% | −0.00 |
| GSSC Goldman Sachs Activebeta US | Reduce -1.1% | 0.04% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| BSX Boston Scientific Corp. | New | 0.51% | +0.51 |
| UNP Union Pacific Corp. | Add +90.4% | 0.72% | +0.35 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +318.5% | 0.26% | +0.19 |
| SLB SLB Ltd. | Add +0.4% | 0.80% | +0.19 |
| NOW ServiceNow Inc. | New | 0.17% | +0.17 |
| PFUPX PIMCO Intl BND Unhdg-I2 | Add +123.1% | 0.27% | +0.14 |
| MRVL Marvell Technology Inc. | Add +6.3% | 0.79% | +0.13 |
| ZM Zoom Communications Inc. | New | 0.11% | +0.11 |
| BA The Boeing Co. | Add +27.2% | 0.92% | +0.11 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.5% | 0.57% | +0.11 |
| COP Conocophillips | New | 0.09% | +0.09 |
| FTI Technipfmc PLC | Add +7.6% | 0.23% | +0.09 |
| BCD Abrdn Bloomberg All Commodit | Add +10.8% | 0.44% | +0.09 |
| PEP Pepsico Inc. | Add +2.3% | 1.20% | +0.09 |
| SCHD Schwab US DVD Equity ETF | Add +4.3% | 0.67% | +0.08 |
| LNG Cheniere Energy Inc. | Add +95.8% | 0.12% | +0.07 |
| NSRGY Nestle SA-Spons ADR | Add +10.6% | 0.87% | +0.06 |
| FLR Fluor Corp. | Add +0.2% | 0.40% | +0.05 |
| GLW Corning Inc. | New | 0.05% | +0.05 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Add +35.8% | 0.19% | +0.04 |
| AVGO Broadcom Inc. | Add +22.7% | 0.67% | +0.04 |
| V Visa Inc. Class A | New | 0.04% | +0.04 |
| CLX Clorox Company | Add +4.4% | 0.89% | +0.04 |
| TXN Texas Instruments Inc. | New | 0.04% | +0.04 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +10.6% | 0.67% | +0.04 |
| ESGD iShares Trust iShares ESG Aw | New | 0.04% | +0.04 |
| ETN Eaton Corp. PLC | Add +2.1% | 0.30% | +0.03 |
| GEM Goldman Sachs Activebeta Em | Add +17.0% | 0.16% | +0.02 |
| EQT Eqt Corp. | Add +2.5% | 0.16% | +0.02 |
| HON Honeywell International Inc. | Add +0.0% | 0.21% | +0.02 |
| VCIT Vanguard Int-Term Corporate | Add +11.0% | 0.34% | +0.02 |
| SCHM Schwab US Mid Cap ETF | Add +1.3% | 0.90% | +0.01 |
| GBIL Goldman Sachs Access Treasur | Add +12.3% | 0.14% | +0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +8.4% | 0.09% | +0.01 |
| WY Weyerhaeuser Co. | Add +5.8% | 0.13% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +17.5% | 0.07% | +0.01 |
| VTRS Viatris Inc. | Add +2.9% | 0.08% | +0.01 |
| WM Waste Management Inc. | Add +0.3% | 0.26% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +4.6% | 0.12% | +0.00 |
| SCHY Schwab International DVD ETF | Add +1.2% | 0.10% | +0.00 |
| NFLX Netflix Inc. | Add +6.8% | 0.05% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.7% | 0.07% | +0.00 |
| FXAIX Fidelity 500 Index Fund | Add +9.3% | 0.10% | +0.00 |
| BROS Dutch Bros Inc. Class A | Add +26.1% | 0.04% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +0.0% | 0.07% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.2% | 0.05% | −0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.4% | 0.34% | −0.00 |
| GSIE Goldman Sachs Activebeta Int | Add +2.2% | 2.27% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Add +8.1% | 0.07% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.0% | 0.09% | −0.00 |
Notes & Other Activity Q4 2025 → Q1 2026
| US BANCORP (USB F PERP B*) | COM | Reduce -3.0% | 31,891 | $583K |
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | Reduce -3.2% | 30,267 | $577K |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Reduce -0.3% | 20,090 | $488K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Add +2.4% | 17,053 | $414K |
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 |