Argyle Capital Management, LLC

CENTER VALLEY, PA · CIK 1321194 · 13F filing filed 2023-07-27

SEC-registered investment adviser since 1983 · limited liability company

Assets managed$355.7m
Staff3 · 3 in investment roles
Main clients (by assets)High net worth individuals 99%, Individuals 1%
Websiteargylecapital.net
Form ADV · 2026-03-26SEC adviser record

$277.4m reported value -2.5% vs Q1 2023

125positions

26.8%in top 10

3 new 1 added 88 reduced 4 sold out vs Q1 2023

Holdings, Q2 2023

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	MICROSOFT CORP COM MSFT	MSFT	40,778	$13.9m5.01%	5.01%	Reduced -2.5k	-2,477 -5.7%
2	ELI LILLY & CO COM LLY	LLY	22,906	$10.7m3.87%	3.87%	Reduced -1.2k	-1,162 -4.8%
3	MERCK & CO INC COM MRK	MRK	71,855	$8.3m2.99%	2.99%	Reduced -3.0k	-2,968 -4.0%
4	MCKESSON CORP COM MCK	MCK	16,729	$7.1m2.58%	2.58%	Reduced -1.3k	-1,297 -7.2%
5	DEERE & CO COM DE	DE	14,989	$6.1m2.19%	2.19%	Reduced -1.2k	-1,215 -7.5%
6	JPMORGAN CHASE & CO COM JPM	JPM	41,327	$6.0m2.17%	2.17%	Reduced -1.6k	-1,550 -3.6%
7	PULTE GROUP INC COM PHM	PHM	73,584	$5.7m2.06%	2.06%	Reduced -6.5k	-6,450 -8.1%
8	AMGEN INC COM AMGN	AMGN	24,996	$5.5m2.00%	2.00%	Reduced -1.5k	-1,460 -5.5%
9	PAYCHEX INC COM PAYX	PAYX	49,020	$5.5m1.98%	1.98%	Reduced -1.6k	-1,650 -3.3%
10	RTX CORPORATION COM RTX	RTX	55,639	$5.5m1.96%	1.96%	Reduced -2.4k	-2,419 -4.2%
11	PFIZER INC COM PFE	PFE	137,200	$5.0m1.81%	1.81%	Reduced -4.1k	-4,107 -2.9%
12	UNITED PARCEL SERVICE INC CL B UPS	UPS	27,478	$4.9m1.78%	1.78%	Reduced -850	-850 -3.0%
13	ORACLE CORP COM ORCL	ORCL	40,800	$4.9m1.75%	1.75%	Reduced -2.0k	-2,000 -4.7%
14	GENUINE PARTS CO COM GPC	GPC	28,101	$4.8m1.71%	1.71%	Reduced -2.3k	-2,300 -7.6%
15	CONOCOPHILLIPS COM COP	COP	45,771	$4.7m1.71%	1.71%	Reduced -2.7k	-2,700 -5.6%
16	CHEVRON CORP NEW COM CVX	CVX	29,722	$4.7m1.69%	1.69%	Reduced -1.4k	-1,435 -4.6%
17	JOHNSON & JOHNSON COM JNJ	JNJ	28,216	$4.7m1.68%	1.68%	Reduced -2.1k	-2,057 -6.8%
18	COCA COLA CO COM KO	KO	76,373	$4.6m1.66%	1.66%	Reduced -3.6k	-3,634 -4.5%
19	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	68,233	$4.4m1.57%	1.57%	Reduced -5.5k	-5,475 -7.4%
20	HERSHEY CO COM HSY	HSY	17,305	$4.3m1.56%	1.56%	Reduced -540	-540 -3.0%
21	CATERPILLAR INC COM CAT	CAT	17,460	$4.3m1.55%	1.55%	Reduced -1.7k	-1,675 -8.8%
22	CISCO SYS INC COM CSCO	CSCO	81,958	$4.2m1.53%	1.53%	Reduced -4.0k	-4,000 -4.7%
23	PNC FINL SVCS GROUP INC COM PNC	PNC	33,210	$4.2m1.51%	1.51%	Unchanged
24	MEDTRONIC PLC SHS MDT	MDT	45,870	$4.0m1.46%	1.46%	Reduced -600	-600 -1.3%
25	EMERSON ELEC CO COM EMR	EMR	42,549	$3.8m1.39%	1.39%	Reduced -1.5k	-1,500 -3.4%
26	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	27,877	$3.7m1.34%	1.34%	Reduced -150	-150 -0.5%
27	INTEL CORP COM INTC	INTC	110,453	$3.7m1.33%	1.33%	Reduced -3.2k	-3,200 -2.8%
28	WEYERHAEUSER CO MTN BE COM NEW WY	WY	105,907	$3.5m1.28%	1.28%	Unchanged
29	DUKE ENERGY CORP NEW COM NEW DUK	DUK	39,491	$3.5m1.28%	1.28%	Reduced -816	-816 -2.0%
30	WASTE MGMT INC DEL COM WM	WM	20,200	$3.5m1.26%	1.26%	Reduced -4.1k	-4,130 -17.0%
31	ENBRIDGE INC COM ENB	ENB	92,904	$3.5m1.24%	1.24%	Reduced -1.7k	-1,704 -1.8%
32	VERIZON COMMUNICATIONS INC COM VZ	VZ	89,228	$3.3m1.20%	1.20%	Reduced -700	-700 -0.8%
33	BANK AMERICA CORP COM BAC	BAC	114,893	$3.3m1.19%	1.19%	Reduced -4.4k	-4,400 -3.7%
34	DOW INC COM DOW	DOW	60,342	$3.2m1.16%	1.16%	Reduced -2.0k	-2,033 -3.3%
35	PROCTER AND GAMBLE CO COM PG	PG	19,929	$3.0m1.09%	1.09%	Reduced -3.1k	-3,057 -13.3%
36	FISERV INC COM FISV	FISV	23,856	$3.0m1.08%	1.08%	Reduced -250	-250 -1.0%
37	CVS HEALTH CORP COM CVS	CVS	41,311	$2.9m1.03%	1.03%	Reduced -600	-600 -1.4%
38	GENERAL MTRS CO COM GM	GM	69,975	$2.7m0.97%	0.97%	Reduced -27.9k	-27,850 -28.5%
39	METLIFE INC COM MET	MET	46,725	$2.6m0.95%	0.95%	Reduced -2.0k	-2,050 -4.2%
40	VERISIGN INC COM VRSN	VRSN	11,625	$2.6m0.95%	0.95%	Reduced -775	-775 -6.2%
41	WATERS CORP COM WAT	WAT	9,800	$2.6m0.94%	0.94%	Reduced -1.9k	-1,900 -16.2%
42	AT&T INC COM T	T	163,085	$2.6m0.94%	0.94%	Reduced -1.6k	-1,650 -1.0%
43	WELLS FARGO CO NEW COM WFC	WFC	58,043	$2.5m0.89%	0.89%	Reduced -2.8k	-2,750 -4.5%
44	ALLSTATE CORP COM ALL	ALL	22,495	$2.5m0.88%	0.88%	Unchanged
45	DUPONT DE NEMOURS INC COM DWDP	DWDP	33,858	$2.4m0.87%	0.87%	Reduced -666	-666 -1.9%
46	BAXTER INTL INC COM BAX	BAX	52,462	$2.4m0.86%	0.86%	Reduced -733	-733 -1.4%
47	SOUTHERN CO COM SO	SO	33,632	$2.4m0.85%	0.85%	Reduced -2.1k	-2,066 -5.8%
48	PPL CORP COM PPL	PPL	86,525	$2.3m0.83%	0.83%	Reduced -5.1k	-5,100 -5.6%
49	COMCAST CORP NEW CL A CMCSA	CMCSA	53,092	$2.2m0.80%	0.80%	Reduced -6.0k	-6,000 -10.2%
50	PHILLIPS 66 COM PSX	PSX	22,996	$2.2m0.79%	0.79%	Reduced -333	-333 -1.4%
51	HALLIBURTON CO COM HAL	HAL	65,325	$2.2m0.78%	0.78%	Reduced -1.3k	-1,300 -1.9%
52	3M CO COM MMM	MMM	21,231	$2.1m0.77%	0.77%	Unchanged
53	FLOWERS FOODS INC COM FLO	FLO	84,318	$2.1m0.76%	0.76%	Reduced -4.5k	-4,500 -5.1%
54	FORD MTR CO COM F	F	137,067	$2.1m0.75%	0.75%	Reduced -1.5k	-1,500 -1.1%
55	CHUBB LIMITED COM CB	CB	10,451	$2.0m0.73%	0.73%	Reduced -982	-982 -8.6%
56	SONOCO PRODS CO COM SON	SON	33,983	$2.0m0.72%	0.72%	Reduced -1.8k	-1,800 -5.0%
57	AIR PRODS & CHEMS INC COM APD	APD	6,465	$1.9m0.70%	0.70%	Unchanged
58	CORTEVA INC COM CTVA	CTVA	32,589	$1.9m0.67%	0.67%	Reduced -666	-666 -2.0%
59	SCHLUMBERGER LTD COM STK SLB	SLB	37,583	$1.8m0.67%	0.67%	Reduced -4.2k	-4,200 -10.1%
60	TRUIST FINL CORP COM TFC	TFC	49,450	$1.5m0.54%	0.54%	Reduced -1.6k	-1,600 -3.1%
61	EXXON MOBIL CORP COM XOM	XOM	13,869	$1.5m0.54%	0.54%	Reduced -1.2k	-1,200 -8.0%
62	CORNING INC COM GLW	GLW	40,450	$1.4m0.51%	0.51%	Unchanged
63	HP INC COM HPQ	HPQ	44,075	$1.4m0.49%	0.49%	Reduced -800	-800 -1.8%
64	EXELON CORP COM EXC	EXC	33,042	$1.3m0.49%	0.49%	Reduced -500	-500 -1.5%
65	VALERO ENERGY CORP COM VLO	VLO	11,300	$1.3m0.48%	0.48%	Reduced -1.0k	-1,000 -8.1%
66	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	75,275	$1.3m0.46%	0.46%	Reduced -6.8k	-6,800 -8.3%
67	BLOCK H & R INC COM HRB	HRB	38,500	$1.2m0.44%	0.44%	Reduced -5.7k	-5,650 -12.8%
68	FREEPORT-MCMORAN INC CL B FCX	FCX	29,400	$1.2m0.42%	0.42%	Unchanged
69	ABBVIE INC COM ABBV	ABBV	8,700	$1.2m0.42%	0.42%	Reduced -2.0k	-2,000 -18.7%
70	GENERAL ELECTRIC CO COM COM		10,469	$1.2m0.41%	0.41%	Reduced -237	-237 -2.2%
71	LAMB WESTON HLDGS INC COM LW	LW	9,974	$1.1m0.41%	0.41%	Reduced -666	-666 -6.3%
72	KIMBERLY-CLARK CORP COM KMB	KMB	8,258	$1.1m0.41%	0.41%	Reduced -1.9k	-1,850 -18.3%
73	CONAGRA BRANDS INC COM CAG	CAG	32,928	$1.1m0.40%	0.40%	Reduced -2.0k	-2,000 -5.7%
74	DXC TECHNOLOGY CO COM DXC	DXC	40,890	$1.1m0.39%	0.39%	Reduced -1.2k	-1,153 -2.7%
75	AMCOR PLC ORD AMCR	AMCR	109,444	$1.1m0.39%	0.39%	Reduced -3.4k	-3,396 -3.0%
76	FIFTH THIRD BANCORP COM FITB	FITB	41,200	$1.1m0.39%	0.39%	Reduced -5.0k	-5,000 -10.8%
77	ABBOTT LABS COM ABT	ABT	9,765	$1.1m0.38%	0.38%	Reduced -1.0k	-1,000 -9.3%
78	BP PLC SPONSORED ADR BP	BP	27,608	$974.3k0.35%	0.35%	Reduced -500	-500 -1.8%
79	MCCORMICK & CO INC COM NON VTG MKC	MKC	10,900	$950.8k0.34%	0.34%	Reduced -200	-200 -1.8%
80	ILLINOIS TOOL WKS INC COM ITW	ITW	3,740	$935.6k0.34%	0.34%	Reduced -800	-800 -17.6%
81	APPLE INC COM AAPL	AAPL	4,536	$879.8k0.32%	0.32%	Unchanged
82	CONSTELLATION ENERGY CORP COM CEG	CEG	9,246	$846.5k0.31%	0.31%	Reduced -166	-166 -1.8%
83	NORFOLK SOUTHN CORP COM NSC	NSC	3,722	$844.0k0.30%	0.30%	Reduced -667	-667 -15.2%
84	GRAINGER W W INC COM GWW	GWW	985	$776.8k0.28%	0.28%	Unchanged
85	TC ENERGY CORP COM TRP	TRP	18,950	$765.8k0.28%	0.28%	Unchanged
86	VMWARE INC CL A COM VMW	VMW	5,101	$733.0k0.26%	0.26%	Unchanged
87	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	1,871	$687.3k0.25%	0.25%	Reduced -314	-314 -14.4%
88	AFLAC INC COM AFL	AFL	9,720	$678.5k0.24%	0.24%	Unchanged
89	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	3,060	$672.6k0.24%	0.24%	Unchanged
90	Pentair Inc COM COM		10,000	$646.0k0.23%	0.23%	Unchanged
91	DELL TECHNOLOGIES INC CL C DELL	DELL	11,613	$628.4k0.23%	0.23%	Unchanged
92	TOTALENERGIES SE SPONSORED ADS SPONSORED ADS		10,400	$599.5k0.22%	0.22%	Unchanged
93	TEXAS INSTRS INC COM TXN	TXN	3,300	$594.1k0.21%	0.21%	Unchanged
94	DEVON ENERGY CORP NEW COM DVN	DVN	12,201	$589.8k0.21%	0.21%	Reduced -200	-200 -1.6%
95	TRANE TECHNOLOGIES PLC SHS TT	TT	3,000	$573.8k0.21%	0.21%	Unchanged
96	UGI CORP NEW COM UGI	UGI	21,112	$569.4k0.21%	0.21%	Unchanged
97	M & T BK CORP COM MTB	MTB	4,343	$537.5k0.19%	0.19%	Unchanged
98	SELECTIVE INS GROUP INC COM SIGI	SIGI	5,474	$525.2k0.19%	0.19%	Unchanged
99	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	1,781	$522.3k0.19%	0.19%	Reduced -214	-214 -10.7%
100	NVENT ELECTRIC PLC SHS NVT	NVT	10,000	$516.7k0.19%	0.19%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
SHELL PLC SHEL	SHEL	7,672	$441.4k7.7k shares
CRANE CO		3,200	$363.2k3.2k shares
CARDINAL HEALTH INC CAH	CAH	2,869	$216.6k2.9k shares
BLACKROCK MUNIASSETS FD INC MUA	MUA	13,800	$145.3k13.8k shares