ARGUS INVESTORS' COUNSEL, INC.

NEW YORK, NY · CIK 7195 · 13F filing filed 2026-07-31

SEC-registered investment adviser since 1960 · corporation

Assets managed$137.3m
Staff8 · 6 in investment roles
Main clients (by assets)Individuals 68%, High net worth individuals 18%, Pension plans 11%
Websiteargusresearch.com
Form ADV · 2026-01-26SEC adviser record

$129.9m reported value +15.5% vs Q1 2026

106positions

38.7%in top 10

9 new 27 added 57 reduced 5 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLIED MATLS INC COM AMAT	AMAT	10,528	$7.6m5.86%	5.86%	Reduced -310	-310 -2.9%
2	NVIDIA CORPORATION COM NVDA	NVDA	27,799	$5.6m4.28%	4.28%	Reduced -675	-675 -2.4%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	15,356	$5.5m4.23%	4.23%	Reduced -545	-545 -3.4%
4	QUANTA SVCS INC COM PWR	PWR	7,443	$5.4m4.13%	4.13%	Reduced -313	-313 -4.0%
5	ELI LILLY & CO COM LLY	LLY	3,987	$4.8m3.68%	3.68%	Reduced -76	-76 -1.9%
6	ANALOG DEVICES INC COM ADI	ADI	11,932	$4.7m3.65%	3.65%	Reduced -358	-358 -2.9%
7	APPLE INC COM AAPL	AAPL	15,813	$4.6m3.52%	3.52%	Reduced -570	-570 -3.5%
8	JPMORGAN CHASE & CO COM JPM	JPM	13,476	$4.4m3.40%	3.40%	Reduced -347	-347 -2.5%
9	COSTCO WHSL CORP NEW COM COST	COST	4,244	$4.0m3.06%	3.06%	Reduced -99	-99 -2.3%
10	TRANE TECHNOLOGIES PLC SHS TT	TT	7,618	$3.7m2.88%	2.88%	Reduced -197	-197 -2.5%
11	UNITED RENTALS INC COM URI	URI	3,196	$3.6m2.79%	2.79%	Reduced -95	-95 -2.9%
12	META PLATFORMS INC CL A META	META	5,815	$3.3m2.52%	2.52%	Reduced -152	-152 -2.5%
13	AMAZON COM INC COM AMZN	AMZN	11,769	$2.8m2.16%	2.16%	Reduced -322	-322 -2.7%
14	VISA INC COM CL A V	V	7,810	$2.7m2.06%	2.06%	Reduced -243	-243 -3.0%
15	WELLS FARGO CO NEW COM WFC	WFC	29,328	$2.4m1.87%	1.87%	Reduced -1.0k	-1,027 -3.4%
16	BLACKROCK INC COM BLK	BLK	2,392	$2.3m1.77%	1.77%	Reduced -57	-57 -2.3%
17	SCHWAB CHARLES CORP COM SCHW	SCHW	24,598	$2.3m1.75%	1.75%	Reduced -3.3k	-3,309 -11.9%
18	TARGA RES CORP COM TRGP	TRGP	8,333	$2.2m1.72%	1.72%	Reduced -42	-42 -0.5%
19	ARISTA NETWORKS INC COM SHS ANET	ANET	13,108	$2.2m1.71%	1.71%	Reduced -350	-350 -2.6%
20	ORACLE CORP COM ORCL	ORCL	14,585	$2.1m1.65%	1.65%	Reduced -405	-405 -2.7%
21	PALO ALTO NETWORKS INC COM PANW	PANW	6,185	$2.1m1.62%	1.62%	Reduced -231	-231 -3.6%
22	KLA CORP COM NEW KLAC	KLAC	6,517	$2.0m1.51%	1.51%	Reduced -323	-323 -4.7%
23	GENERAL DYNAMICS CORP COM GD	GD	5,106	$1.8m1.39%	1.39%	Reduced -87	-87 -1.7%
24	S&P GLOBAL INC COM SPGI	SPGI	4,124	$1.7m1.29%	1.29%	Reduced -101	-101 -2.4%
25	SNOWFLAKE INC CL A SNOW	SNOW	6,448	$1.6m1.26%	1.26%	Reduced -162	-162 -2.5%
26	DELL TECHNOLOGIES INC CL C DELL	DELL	3,341	$1.4m1.11%	1.11%	New
27	MICROSOFT CORP COM MSFT	MSFT	3,761	$1.4m1.08%	1.08%	Reduced -17	-17 -0.5%
28	NEW YORK TIMES CO CL A NYT	NYT	19,719	$1.4m1.06%	1.06%	Added +1.4k	+1,392 7.6%
29	BROADCOM INC COM AVGO	AVGO	3,645	$1.4m1.06%	1.06%	Reduced -32	-32 -0.9%
30	LAM RESEARCH CORP COM NEW LRCX	LRCX	3,104	$1.3m1.04%	1.04%	Reduced -23	-23 -0.7%
31	CONSTELLATION ENERGY CORP COM CEG	CEG	5,248	$1.3m1.00%	1.00%	Added +195	+195 3.9%
32	DEXCOM INC COM DXCM	DXCM	17,876	$1.2m0.93%	0.93%	Reduced -472	-472 -2.6%
33	AMERICAN EXPRESS CO COM AXP	AXP	3,466	$1.2m0.90%	0.90%	Reduced -5	-5 -0.1%
34	GE AEROSPACE COM NEW GE	GE	3,067	$1.1m0.88%	0.88%	Reduced -19	-19 -0.6%
35	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	7,893	$1.1m0.83%	0.83%	New
36	UBER TECHNOLOGIES INC COM UBER	UBER	13,350	$963.3k0.74%	0.74%	Added +2.5k	+2,473 22.7%
37	TJX COS INC NEW COM TJX	TJX	6,354	$962.6k0.74%	0.74%	Added +454	+454 7.7%
38	DOORDASH INC CL A DASH	DASH	5,188	$957.3k0.74%	0.74%	Reduced -160	-160 -3.0%
39	ISHARES TR RUS 1000 GRW ETF IWF	IWF	7,390	$917.6k0.71%	0.71%	Reduced -974	-974 -11.7%
40	BANK NEW YORK MELLON CORP COM BNY	BNY	6,112	$883.9k0.68%	0.68%	Reduced -39	-39 -0.6%
41	WALMART INC COM WMT	WMT	7,773	$880.4k0.68%	0.68%	Reduced -28	-28 -0.4%
42	JOHNSON & JOHNSON COM JNJ	JNJ	3,120	$792.4k0.61%	0.61%	Added +103	+103 3.4%
43	MASTERCARD INCORPORATED CL A MA	MA	1,522	$781.8k0.60%	0.60%	Reduced -5	-5 -0.3%
44	MARVELL TECHNOLOGY INC COM MRVL	MRVL	2,368	$705.4k0.54%	0.54%	Added +4	+4 0.2%
45	PARKER-HANNIFIN CORP COM PH	PH	683	$668.1k0.51%	0.51%	Reduced -8	-8 -1.2%
46	HOWMET AEROSPACE INC COM HWM	HWM	2,436	$654.9k0.50%	0.50%	Reduced -18	-18 -0.7%
47	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,340	$639.9k0.49%	0.49%	Added +19	+19 1.4%
48	ISHARES TR 3 7 YR TREAS BD IEI	IEI	5,338	$626.9k0.48%	0.48%	Added +92	+92 1.8%
49	TEXAS INSTRS INC COM TXN	TXN	2,083	$620.9k0.48%	0.48%	Added +4	+4 0.2%
50	INVESCO EXCHANGE TRADED FD T S&P500 QUALITY SPHQ	SPHQ	6,726	$606.0k0.47%	0.47%	Added +1.7k	+1,696 33.7%
51	STATE STR CORP COM STT	STT	3,438	$583.1k0.45%	0.45%	Reduced -13	-13 -0.4%
52	AMGEN INC COM AMGN	AMGN	1,567	$567.4k0.44%	0.44%	Reduced -384	-384 -19.7%
53	DUKE ENERGY CORP NEW COM NEW DUK	DUK	4,448	$563.0k0.43%	0.43%	Unchanged
54	CORNING INC COM GLW	GLW	2,094	$534.9k0.41%	0.41%	Reduced -716	-716 -25.5%
55	NASDAQ INC COM NDAQ	NDAQ	6,490	$511.5k0.39%	0.39%	Added +239	+239 3.8%
56	ECOLAB INC COM ECL	ECL	1,815	$505.7k0.39%	0.39%	Reduced -70	-70 -3.7%
57	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,793	$504.2k0.39%	0.39%	Added +4	+4 0.2%
58	SOUTHERN CO COM SO	SO	5,230	$500.6k0.39%	0.39%	Added +18	+18 0.3%
59	ISHARES TR MSCI EAFE ETF EFA	EFA	4,645	$482.5k0.37%	0.37%	Added +38	+38 0.8%
60	ISHARES TR FLTG RATE NT ETF FLOT	FLOT	9,414	$480.6k0.37%	0.37%	Added +200	+200 2.2%
61	ATMOS ENERGY CORP COM ATO	ATO	2,758	$475.1k0.37%	0.37%	Reduced -1	-1 -0.0%
62	DOUBLELINE ETF TRUST MORTGAGE ETF DMBS	DMBS	9,674	$474.9k0.37%	0.37%	Added +222	+222 2.4%
63	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	6,091	$474.6k0.37%	0.37%	Reduced -10	-10 -0.2%
64	MCKESSON CORP COM MCK	MCK	625	$472.2k0.36%	0.36%	Reduced -4	-4 -0.6%
65	BONDBLOXX ETF TRUST BBB RATED 1 5 YE BBBS	BBBS	9,116	$465.3k0.36%	0.36%	Unchanged
66	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	928	$465.3k0.36%	0.36%	Reduced -3	-3 -0.3%
67	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	5,535	$457.5k0.35%	0.35%	Added +129	+129 2.4%
68	ISHARES TR RUSSELL 2000 ETF IWM	IWM	1,442	$433.2k0.33%	0.33%	Unchanged
69	BONDBLOXX ETF TRUST BLOOMBERG SIX MN XHLF	XHLF	8,344	$419.7k0.32%	0.32%	Reduced -5	-5 -0.1%
70	RAYMOND JAMES FINL INC COM RJF	RJF	2,723	$414.0k0.32%	0.32%	Reduced -1	-1 -0.0%
71	DANAHER CORPORATION COM DHR	DHR	2,098	$399.6k0.31%	0.31%	Reduced -8	-8 -0.4%
72	INVESCO EXCH TRADED FD TR II PFD ETF PGX	PGX	36,834	$399.3k0.31%	0.31%	Reduced -20	-20 -0.1%
73	CISCO SYS INC COM CSCO	CSCO	3,366	$395.4k0.30%	0.30%	Reduced -790	-790 -19.0%
74	NETFLIX INC COM NFLX	NFLX	5,298	$378.3k0.29%	0.29%	Added +8	+8 0.1%
75	CATERPILLAR INC COM CAT	CAT	330	$351.4k0.27%	0.27%	Reduced -135	-135 -29.0%
76	ISHARES TR CORE S&P500 ETF IVV	IVV	464	$347.5k0.27%	0.27%	Reduced -10	-10 -2.1%
77	VERIZON COMMUNICATIONS INC COM VZ	VZ	8,052	$340.9k0.26%	0.26%	Added +16	+16 0.2%
78	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	3,327	$333.6k0.26%	0.26%	New
79	NUCOR CORP COM NUE	NUE	1,470	$327.4k0.25%	0.25%	Reduced -820	-820 -35.8%
80	US BANCORP DEL COM NEW USB	USB	5,233	$316.1k0.24%	0.24%	Unchanged
81	INTERNATIONAL PAPER CO COM IP	IP	8,285	$315.7k0.24%	0.24%	Added +2.1k	+2,095 33.8%
82	NORFOLK SOUTHN CORP COM NSC	NSC	1,000	$314.6k0.24%	0.24%	Unchanged
83	RTX CORPORATION COM RTX	RTX	1,630	$309.3k0.24%	0.24%	New
84	MORGAN STANLEY COM NEW MS	MS	1,460	$305.2k0.24%	0.24%	Reduced -690	-690 -32.1%
85	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	9,077	$287.8k0.22%	0.22%	Unchanged
86	EMERSON ELEC CO COM EMR	EMR	2,010	$287.7k0.22%	0.22%	Unchanged
87	UNION PAC CORP COM UNP	UNP	1,050	$285.6k0.22%	0.22%	Unchanged
88	MARRIOTT INTL INC NEW CL A MAR	MAR	730	$270.5k0.21%	0.21%	Reduced -325	-325 -30.8%
89	PROCTER AND GAMBLE CO COM PG	PG	1,808	$265.1k0.20%	0.20%	Added +6	+6 0.3%
90	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	2,115	$263.2k0.20%	0.20%	New
91	AIR PRODS & CHEMS INC COM APD	APD	895	$262.4k0.20%	0.20%	Unchanged
92	ILLINOIS TOOL WKS INC COM ITW	ITW	947	$256.1k0.20%	0.20%	Added +3	+3 0.3%
93	WASTE MGMT INC DEL COM WM	WM	1,141	$254.3k0.20%	0.20%	Unchanged
94	HOME DEPOT INC COM HD	HD	720	$253.9k0.20%	0.20%	Unchanged
95	BECTON DICKINSON & CO COM BDX	BDX	1,580	$239.1k0.18%	0.18%	Added +300	+300 23.4%
96	ABBOTT LABS COM ABT	ABT	2,623	$238.1k0.18%	0.18%	Added +508	+508 24.0%
97	AMERICAN TOWER CORP NEW COM AMT	AMT	1,435	$234.7k0.18%	0.18%	Unchanged
98	STRYKER CORPORATION COM SYK	SYK	742	$233.6k0.18%	0.18%	Reduced -527	-527 -41.5%
99	DISNEY WALT CO COM DIS	DIS	2,395	$230.5k0.18%	0.18%	Unchanged
100	AMERIPRISE FINL INC COM AMP	AMP	483	$221.6k0.17%	0.17%	Added +1	+1 0.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BOSTON SCIENTIFIC CORP BSX	BSX	25,712	$1.6m25.7k shares
EXXON MOBIL CORP XOM	XOM	7,970	$1.4m8.0k shares
ZOETIS INC ZTS	ZTS	1,923	$227.3k1.9k shares
ADOBE INC ADBE	ADBE	870	$211.5k870 shares
SHELL PLC SHEL	SHEL	2,213	$205.8k2.2k shares