ARGUS INVESTORS' COUNSEL, INC.

CIK 7195 · View on SEC EDGAR ↗

Portfolio value
$129.9M
#7,826 of 9,443 by 13F value · top 82.9%
Positions
106
As of
June 30, 2026

Portfolio value QoQ: +15.5% 13F does not disclose cash

Top 10 holdings weight
38.69%
Top 25 holdings weight
65.77%
Positions above 1%
31
Effective number of positions
43.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 6.19% Est. buys $7,501,552 · sells $7,542,342

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 72.6% still held

New positions
9
Increased
29
Decreased
55
Closed
5
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+26.1%
S&P 500 total return (same window)
+28.1%
Excess return
-2.0%

Annualized: +16.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 94.4% · Options excluded: 0.0%

Sector breakdown

Technology
29.9%
Industrials
16.0%
Financial Services
10.9%
Communication Services
8.3%
Healthcare
7.2%
Retail
6.8%
Financials
5.7%
Energy
2.0%
Communications
2.0%
Utilities
1.2%
Consumer Discretionary
0.9%
Materials
0.8%
Telecommunication
0.3%
Real Estate
0.3%
Packaging
0.2%
Consumer products
0.2%
Other/Unmapped
7.1%

Full portfolio 106 positions

Type Streak 8Q trend
AMAT Applied Materials, Inc. - Common Stock $7,611,756 5.86% 10,528 $3,907,304 Down ×2
NVDA NVIDIA Corporation - Common Stock $5,562,247 4.28% 27,799 $596,307 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $5,487,929 4.23% 15,356 $915,542 Down ×2
PWR Quanta Services, Inc. Common Stock $5,359,117 4.13% 7,443 $1,101,025 Down ×2
LLY Eli Lilly and Company Common Stock $4,781,811 3.68% 3,987 $1,044,491 Down ×2
ADI Analog Devices, Inc. - Common Stock $4,738,921 3.65% 11,932 $829,066 Down ×2
AAPL Apple Inc. - Common Stock $4,575,742 3.52% 15,813 $418,016 Down ×2
JPM JP Morgan Chase & Co. Common Stock $4,410,970 3.40% 13,476 $344,678 Down ×1
COST Costco Wholesale Corporation - Common Stock $3,969,743 3.06% 4,244 $-357,635 Down ×2
TT Trane Technologies plc $3,741,769 2.88% 7,618 $484,850 Down ×2
URI United Rentals, Inc. Common Stock $3,620,303 2.79% 3,196 $1,222,878 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $3,275,394 2.52% 5,815 $-138,366 Down ×4
AMZN Amazon.com, Inc. - Common Stock $2,805,113 2.16% 11,769 $286,842 Down ×6
V Visa Inc. $2,679,515 2.06% 7,810 $245,442 Down ×4
WFC Wells Fargo & Company Common Stock $2,423,677 1.87% 29,328 $7,101 Down ×2
BLK BlackRock, Inc. Common Stock $2,300,327 1.77% 2,392 $-55,115 Down ×4
SCHW Charles Schwab Corporation (The) Common Stock $2,269,695 1.75% 24,598 $-353,043 Down ×5
TRGP Targa Resources, Inc. Common Stock $2,234,401 1.72% 8,333 $134,584 Down ×4
ANET Arista Networks, Inc. Common Stock $2,226,787 1.71% 13,108 $574,414 Down ×2
ORCL Oracle Corporation Common Stock $2,137,361 1.65% 14,585 $-67,872 Down ×4
PANW Palo Alto Networks, Inc. - Common Stock $2,109,209 1.62% 6,185 $1,080,596 Down ×3
KLAC KLA Corporation - Common Stock $1,966,244 1.51% 6,517 $959,116 Up ×1
GD General Dynamics Corporation Common Stock $1,808,771 1.39% 5,106 $26,430 Down ×1
SPGI S&P Global Inc. Common Stock $1,679,570 1.29% 4,124 $-117,469 Down ×1
SNOW Snowflake Inc. Common Stock $1,641,016 1.26% 6,448 $644,096 Down ×1
DELL Dell Technologies Inc. Class C Common Stock $1,441,508 1.11% 3,341
MSFT Microsoft Corporation - Common Stock $1,403,083 1.08% 3,761 $4,427 Down ×2
NYT New York Times Company (The) Common Stock $1,379,949 1.06% 19,719 $-154,571 Up ×1
AVGO Broadcom Inc. - Common Stock $1,376,899 1.06% 3,645 $238,831 Down ×6
LRCX Lam Research Corporation - Common Stock $1,345,056 1.04% 3,104 $676,941 Down ×1
Unknown issuer (CUSIP: 21037t109) $1,303,454 1.00% 5,248 $-107,606 Up ×4
DXCM DexCom, Inc. - Common Stock $1,203,949 0.93% 17,876 $51,695 Down ×1
AXP American Express Company Common Stock $1,172,374 0.90% 3,466 $122,466 Down ×2
GE GE Aerospace Common Stock $1,146,230 0.88% 3,067 $270,516 Down ×2
Unknown issuer (CUSIP: 30233Q108) $1,079,182 0.83% 7,893 Up ×1
UBER Uber Technologies, Inc. Common Stock $963,336 0.74% 13,350 $180,953 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $962,631 0.74% 6,354 $20,401 Up ×1
DASH DoorDash, Inc. - Common Stock $957,342 0.74% 5,188 $154,340 Down ×3
IWF $917,616 0.71% 7,390 $26,014 Up ×1
BK The Bank of New York Mellon Corporation Common Stock $883,856 0.68% 6,112 $154,163 Down ×2
WMT Walmart Inc. - Common Stock $880,370 0.68% 7,773 $-89,138 Down ×2
JNJ Johnson & Johnson Common Stock $792,386 0.61% 3,120 $54,911 Up ×2
MA Mastercard Incorporated Common Stock $781,779 0.60% 1,522 $18,720 Down ×2
MRVL Marvell Technology, Inc. - Common Stock $705,404 0.54% 2,368 $471,250 Up ×1
PH Parker-Hannifin Corporation Common Stock $668,056 0.51% 683 $49,445 Down ×2
HWM Howmet Aerospace Inc. Common Stock $654,943 0.50% 2,436 $89,394 Down ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $639,944 0.49% 1,340 $193,512 Up ×1
IEI iShares 3-7 Year Treasury Bond ETF $626,948 0.48% 5,338 $4,772 Up ×1
TXN Texas Instruments Incorporated - Common Stock $620,880 0.48% 2,083 $217,263 Up ×1
SPHQ $606,013 0.47% 6,726 $227,807 Up ×1
STT State Street Corporation Common Stock $583,085 0.45% 3,438 $146,326 Down ×1
AMGN Amgen Inc. - Common Stock $567,442 0.44% 1,567 $-119,017 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $563,028 0.43% 4,448 $-19,393
GLW Corning Incorporated Common Stock $534,870 0.41% 2,094 $152,794 Down ×4
NDAQ Nasdaq, Inc. - Common Stock $511,522 0.39% 6,490 $-19,141 Up ×1
ECL Ecolab Inc. Common Stock $505,677 0.39% 1,815 $4,229 Down ×2
IBM International Business Machines Corporation Common Stock $504,210 0.39% 1,793 $70,574 Up ×1
SO Southern Company (The) Common Stock $500,563 0.39% 5,230 $-2,499 Up ×2
EFA $482,523 0.37% 4,645 $35,045 Up ×1
FLOT $480,585 0.37% 9,414 $11,132 Up ×1
ATO Atmos Energy Corporation Common Stock $475,121 0.37% 2,758 $-34,521 Down ×1
DMBS $474,892 0.37% 9,674 $8,152 Up ×2
BSV $474,550 0.37% 6,091 $-3,829 Down ×2
MCK McKesson Corporation Common Stock $472,250 0.36% 625 $-72,061 Down ×2
BBBS $465,326 0.36% 9,116 $-912
TMO Thermo Fisher Scientific Inc Common Stock $465,262 0.36% 928 $7,648 Down ×2
VCIT Vanguard Intermediate-Term Corporate Bond ETF $457,468 0.35% 5,535 $10,122 Up ×1
IWM $433,249 0.33% 1,442 $75,633
XHLF $419,703 0.32% 8,344 $-502 Down ×3
RJF Raymond James Financial, Inc. Common Stock $413,978 0.32% 2,723 $19,570 Down ×2
DHR Danaher Corporation Common Stock $399,627 0.31% 2,098 $329 Down ×1
PGX $399,281 0.31% 36,834 $-1,691 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $395,370 0.30% 3,366 $72,906 Down ×1
NFLX Netflix, Inc. - Common Stock $378,277 0.29% 5,298 $-130,356 Up ×1
CAT Caterpillar, Inc. Common Stock $351,417 0.27% 330 $21,983 Down ×4
IVV $347,485 0.27% 464 $37,863 Down ×6
VZ Verizon Communications Inc. Common Stock $340,922 0.26% 8,052 $-62,485 Up ×1
HOOD Robinhood Markets, Inc. - Class A Common Stock $333,632 0.26% 3,327 Up ×1
NUE Nucor Corporation Common Stock $327,442 0.25% 1,470 $-59,797 Down ×1
USB U.S. Bancorp Common Stock $316,073 0.24% 5,233 $43,905
IP International Paper Company Common Stock $315,658 0.24% 8,285 $94,675 Up ×1
NSC Norfolk Southern Corporation Common Stock $314,590 0.24% 1,000 $27,590
RTX RTX Corporation Common Stock $309,260 0.24% 1,630 Up ×1
MS Morgan Stanley Common Stock $305,198 0.24% 1,460 $-48,627 Down ×1
SCHD $287,832 0.22% 9,077 $9,350
EMR Emerson Electric Company Common Stock $287,731 0.22% 2,010 $24,381
UNP Union Pacific Corporation Common Stock $285,600 0.22% 1,050 $30,849
MAR Marriott International - Class A Common Stock $270,531 0.21% 730 $-74,528 Down ×1
PG Procter & Gamble Company (The) Common Stock $265,125 0.20% 1,808 $4,844 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $263,191 0.20% 2,115 Up ×1
APD Air Products and Chemicals, Inc. Common Stock $262,396 0.20% 895 $2,407
ITW Illinois Tool Works Inc. Common Stock $256,135 0.20% 947 $10,421 Up ×1
WM Waste Management, Inc. Common Stock $254,318 0.20% 1,141 $-7,884
HD Home Depot, Inc. (The) Common Stock $253,930 0.20% 720 $17,129
BDX Becton, Dickinson and Company Common Stock $239,101 0.18% 1,580 $37,847 Up ×1
ABT Abbott Laboratories Common Stock $238,050 0.18% 2,623 $20,859 Up ×1
AMT American Tower Corporation (REIT) Common Stock $234,723 0.18% 1,435 $-12,929
SYK Stryker Corporation Common Stock $233,611 0.18% 742 $-183,370 Down ×2
DIS Walt Disney Company (The) Common Stock $230,519 0.18% 2,395 $-311
AMP Ameriprise Financial, Inc. Common Stock $221,581 0.17% 483 $7,380 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
None $1,303,454 1.00% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
DELL $1,441,508 3,341 1.11%
Unknown issuer (CUSIP: 30233Q108) $1,079,182 7,893 0.83%
HOOD $333,632 3,327 0.26%
RTX $309,260 1,630 0.24%
ACN $263,191 2,115 0.20%
NTAP $216,819 1,401 0.17%
CSX $208,989 4,397 0.16%
BAC $200,684 3,522 0.15%
KIM $200,164 7,896 0.15%

Top movers (QoQ)

Security Action Shares Δ Value Δ
AMAT Trimmed -310 +$3.9M
URI Trimmed -95 +$1.2M
PWR Trimmed -313 +$1.1M
PANW Trimmed -231 +$1.1M
LLY Trimmed -76 +$1.0M
KLAC Bought more +6K +$959K
GOOGL Trimmed -545 +$916K
ADI Trimmed -358 +$829K
LRCX Trimmed -23 +$677K
SNOW Trimmed -162 +$644K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
AXON March 31, 2026 4,410 $2,504,788 43.4%
UNH June 30, 2025 4,382 $2,295,223 24.2%
ISRG Sept. 30, 2025 4,094 $2,224,792 -16.5%
BSX June 30, 2026 25,712 $1,613,431 15.8%
RCL March 31, 2026 5,015 $1,398,838 6.3%
MCHP March 31, 2025 24,170 $1,386,170 57.7%
XOM June 30, 2026 7,970 $1,352,254 21.7%
NOW March 31, 2026 8,671 $1,328,310 24.0%
REGN March 31, 2025 1,820 $1,296,549 32.1%
TMO Sept. 30, 2025 3,065 $1,242,647 27.9%
CVX March 31, 2025 7,731 $1,119,740 23.5%
CRM Sept. 30, 2025 4,096 $1,116,963 -13.3%
PYPL March 31, 2026 17,624 $1,028,898 37.6%
ODFL June 30, 2025 3,984 $659,079 28.0%
CTAS March 31, 2026 3,257 $612,544 19.9%
XONE March 31, 2026 11,356 $562,519 No longer tracked
HCA Dec. 31, 2025 1,300 $554,060 -10.9%
INTU Dec. 31, 2025 811 $553,586 -45.5%
J March 31, 2026 3,988 $528,250 16.7%
AIG March 31, 2026 5,954 $509,365 1.9%
NEE Sept. 30, 2025 6,296 $437,068 12.6%
DELL June 30, 2025 4,572 $416,738 258.2%
PEP Sept. 30, 2025 3,124 $412,493 1.5%
ROP June 30, 2025 667 $393,250 -28.6%
ZTS Dec. 31, 2025 2,660 $389,211 -39.1%
DHI June 30, 2025 2,789 $354,566 15.0%
BMI Dec. 31, 2025 1,902 $339,659 -26.3%
MRK March 31, 2025 3,189 $317,242 69.0%
NVO March 31, 2025 3,579 $307,866 -32.7%
VIG March 31, 2026 1,303 $286,373 No longer tracked
BX March 31, 2026 1,669 $257,260 24.6%
PSX June 30, 2025 1,939 $239,440 103.7%
TBIL Dec. 31, 2025 4,748 $237,400
TMUS March 31, 2026 1,162 $235,932 -12.9%
LULU March 31, 2025 602 $230,211 -58.4%
ADP March 31, 2026 894 $229,964 37.3%
ZTS June 30, 2026 1,923 $227,318 6.6%
CMG Dec. 31, 2025 5,738 $224,872 -3.0%
DKS March 31, 2026 1,115 $220,737 -9.9%
KIM Dec. 31, 2025 9,800 $214,130 19.2%
ADBE June 30, 2026 870 $211,480 33.1%
GEHC Sept. 30, 2025 2,828 $209,470 -1.4%
PSX Dec. 31, 2025 1,526 $207,567 88.4%
LMT June 30, 2025 464 $207,483 22.8%
SHEL June 30, 2026 2,213 $205,809 20.9%
CSX March 31, 2026 5,659 $205,139 25.4%
SHEL June 30, 2025 2,751 $201,593 33.2%
MCD Dec. 31, 2025 663 $201,479 -12.1%