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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
-6.42%
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
$225M
AUM Growth
-$18.5M
(-7.6%)
Cap. Flow
+$570K
Cap. Flow
% of AUM
0.25%
Top 10 Holdings %
Top 10 Hldgs %
27.02%
Holding
209
New
3
Increased
64
Reduced
59
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$454K |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$258K |
| 3 |
DraftKings
DKNG
|
+$241K |
| 4 |
Cenovus Energy
CVE
|
+$239K |
| 5 |
Danaher
DHR
|
+$215K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIVB
SVB Financial Group
SIVB
|
+$211K |
| 2 |
Tapestry
TPR
|
+$210K |
| 3 |
Annaly Capital Management
NLY
|
+$209K |
| 4 |
Entergy
ETR
|
+$203K |
| 5 |
State Street SPDR Dow Jones International Real Estate ETF
RWX
|
+$200K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.77% |
| 2 | Healthcare | 13.32% |
| 3 | Financials | 9.86% |
| 4 | Industrials | 7.35% |
| 5 | Consumer Discretionary | 7.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Transocean
RIG
$6.37B
| $42K | 0.02% |
17,000
| – | – |
|
|
FAX
202
abrdn Asia-Pacific Income Fund
FAX
$601M
| $29K | 0.01% |
1,917
| – | – |
|
203
Mizuho Financial
MFG
$132B
| $22K | 0.01% |
10,000
| – | – |
|
|
CHY
204
Calamos Convertible and High Income Fund
CHY
$1.09B
| – | – |
-10,700
| Closed | -$120K |
|
|
205
Entergy
ETR
$50.3B
| – | – |
-3,600
| Closed | -$203K |
|
206
Occidental Petroleum Corp Warrants
OXY.WS
$34.4B
| – | – |
-443
| Closed | -$12K |
|
|
207
State Street SPDR Dow Jones International Real Estate ETF
RWX
$267M
| – | – |
-7,103
| Closed | -$200K |
|
|
208
Tapestry
TPR
$31.1B
| – | – |
-6,888
| Closed | -$210K |
|
|
SIVB
209
DELISTED
SVB Financial Group
SIVB
| – | – |
-535
| Closed | -$211K |
|
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Meridian Investment Counsel's Q3 2022 Portfolio in Review
As of Q3 2022, Meridian Investment Counsel held 209 positions worth $225M, down 7.6% from $243M the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 4.3%. Meridian Investment Counsel opened 3 new positions and exited 6, leaving the 209-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.
- Meridian Investment Counsel's largest Q3 2022 buy was DraftKings: 15,185 shares worth $230K.
- Meridian Investment Counsel added most to Johnson & Johnson in Q3 2022, an estimated $454K increase.
- Meridian Investment Counsel's biggest Q3 2022 reduction was Annaly Capital Management, cutting an estimated $209K.
- Meridian Investment Counsel fully exited SVB Financial Group in Q3 2022, selling an estimated $211K.
- Meridian Investment Counsel's ten largest holdings make up 27% of its $225M portfolio in Q3 2022.
- Meridian Investment Counsel opened 3 new positions and closed 6 in Q3 2022.
- Meridian Investment Counsel's portfolio value fell 7.6% quarter-over-quarter to $225M.
Based on Meridian Investment Counsel's 13F filing for Q3 2022, filed 8 Nov 2022.