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MIC
Meridian Investment Counsel Portfolio holdings
AUM
$466M
1-Year Est. Return
42.29%
This Fund
S&P 500
This Quarter
Est. Return
+3.97%
1 Year Est. Return
+42.29%
3 Year Est. Return
+103.32%
5 Year Est. Return
+120.27%
10 Year Est. Return
+385.34%
AUM
$163M
AUM Growth
+$13.2M
(+8.8%)
Cap. Flow
+$8.34M
Cap. Flow
% of AUM
5.12%
Top 10 Holdings %
Top 10 Hldgs %
22.98%
Holding
187
New
16
Increased
26
Reduced
31
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$2.47M |
| 2 |
CAB
Cabela's Inc
CAB
|
+$1M |
| 3 |
CHK.PRD
Chesapeake Energy Corp. 4.5% Cum. Cnvrtbl. Prfrd. Stock
CHK.PRD
|
+$838K |
| 4 |
Gilead Sciences
GILD
|
+$656K |
| 5 |
Delta Air Lines
DAL
|
+$554K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chevron
CVX
|
+$234K |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$206K |
| 3 |
CVA
Covanta Holding Corporation
CVA
|
+$58.5K |
| 4 |
State Street Materials Select Sector SPDR ETF
XLB
|
+$41.4K |
| 5 |
Walmart Inc
WMT
|
+$34.5K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12% |
| 2 | Technology | 11.96% |
| 3 | Financials | 10.99% |
| 4 | Communication Services | 8.19% |
| 5 | Industrials | 7.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Cenovus Energy
CVE
$54.5B
| $117K | 0.07% |
10,311
| – | – |
|
177
Nuveen Credit Strategies Income Fund
JQC
$712M
| $93K | 0.06% |
10,700
| – | – |
|
|
SABA
178
Saba Capital Income & Opportunities Fund II
SABA
$223M
| $76K | 0.05% |
5,750
| – | – |
|
|
MDVX
179
DELISTED
Medovex Corp. Common Stock
MDVX
| $76K | 0.05% |
50,000
| – | – |
|
|
FTR
180
DELISTED
Frontier Communications Corp.
FTR
| $63K | 0.04% |
1,967
-20
| -1% | -$916 |
|
|
FAX
181
abrdn Asia-Pacific Income Fund
FAX
$604M
| $57K | 0.04% |
1,917
| – | – |
|
182
Curis
CRIS
$7.13M
| $28K | 0.02% |
5
| – | – |
|
183
Rocket Pharmaceuticals
RCKT
$397M
| $20K | 0.01% |
+2,500
| New | +$16.8K |
|
|
XCO
184
DELISTED
Exco Resources
XCO
| $19K | 0.01% |
+2,000
| New | +$20.4K |
|
|
AIG.WS
185
DELISTED
American International Group, Inc.
AIG.WS
| $7K | ﹤0.01% |
+315
| New | +$7.09K |
|
|
SE
186
DELISTED
Spectra Energy Corp Wi
SE
| – | – |
-5,007
| Closed | -$206K |
|
|
KMI.WS
187
DELISTED
Kinder Morgan Inc
KMI.WS
| $0 | ﹤0.01% |
36,992
| – | – |
|
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Meridian Investment Counsel's Q1 2017 Portfolio in Review
As of Q1 2017, Meridian Investment Counsel held 187 positions worth $163M, up 8.8% from $150M the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Meridian Investment Counsel deployed $8.34M of net new capital in Q1 2017, opening 16 new positions and adding to 26 existing holdings. Its largest new stake was Chesapeake Energy Corp. 4.5% Cum. Cnvrtbl. Prfrd. Stock: 14,150 shares worth $855K.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 11% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Chevron, an estimated $234K trimmed.
- Meridian Investment Counsel's largest Q1 2017 buy was Chesapeake Energy Corp. 4.5% Cum. Cnvrtbl. Prfrd. Stock: 14,150 shares worth $855K.
- Meridian Investment Counsel added most to Bank of America in Q1 2017, an estimated $2.47M increase.
- Meridian Investment Counsel's biggest Q1 2017 reduction was Chevron, cutting an estimated $234K.
- Meridian Investment Counsel fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $206K.
- Meridian Investment Counsel's ten largest holdings make up 23% of its $163M portfolio in Q1 2017.
- Meridian Investment Counsel opened 16 new positions and closed 1 in Q1 2017.
- Meridian Investment Counsel's portfolio value rose 8.8% quarter-over-quarter to $163M.
Based on Meridian Investment Counsel's 13F filing for Q1 2017, filed 4 May 2017.