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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
+26.77%
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
$196M
AUM Growth
+$41.9M
(+27%)
Cap. Flow
+$8.46M
Cap. Flow
% of AUM
4.32%
Top 10 Holdings %
Top 10 Hldgs %
30.2%
Holding
183
New
10
Increased
37
Reduced
35
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$5.44M |
| 2 |
Apple
AAPL
|
+$563K |
| 3 |
ImmunityBio
IBRX
|
+$544K |
| 4 |
MGM Resorts International
MGM
|
+$496K |
| 5 |
Bain Capital Specialty
BCSF
|
+$421K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Winnebago Industries
WGO
|
+$398K |
| 2 |
RTN
Raytheon Company
RTN
|
+$215K |
| 3 |
Salesforce
CRM
|
+$131K |
| 4 |
Automatic Data Processing
ADP
|
+$79.6K |
| 5 |
CHK.PRD
Chesapeake Energy Corp. 4.5% Cum. Cnvrtbl. Prfrd. Stock
CHK.PRD
|
+$61K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.66% |
| 2 | Healthcare | 13.15% |
| 3 | Financials | 8.52% |
| 4 | Consumer Discretionary | 7.36% |
| 5 | Industrials | 6.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Adobe
ADBE
$103B
| $9.73M | 4.97% |
22,363
+14,682
| +191% | +$5.44M |
|
2
TSMC
TSM
$2.17T
| $6.72M | 3.43% |
118,358
-300
| -0.3% | -$15.8K |
|
3
Microsoft
MSFT
$3.71T
| $6.24M | 3.18% |
30,648
+125
| +0.4% | +$22.7K |
|
4
SI-BONE Inc
SIBN
$813M
| $6.16M | 3.15% |
386,544
| – | – |
|
|
5
Winnebago Industries
WGO
$885M
| $5.75M | 2.94% |
86,392
-7,800
| -8% | -$398K |
|
|
6
Apple
AAPL
$4.56T
| $5.7M | 2.91% |
62,456
+7,268
| +13% | +$563K |
|
7
Chevron
CVX
$371B
| $5.18M | 2.64% |
58,019
+260
| +0.5% | +$23.3K |
|
8
Intel
INTC
$503B
| $4.85M | 2.48% |
81,113
| – | – |
|
9
Bank of America
BAC
$441B
| $4.59M | 2.34% |
193,188
+5,300
| +3% | +$125K |
|
10
iShares Gold Trust
IAU
$66B
| $4.24M | 2.17% |
124,840
+462
| +0.4% | +$15.1K |
|
|
DOCU
11
DocuSign
DOCU
$10.9B
| $4.2M | 2.14% |
24,368
| – | – |
|
12
Norfolk Southern
NSC
$76.9B
| $3.73M | 1.9% |
21,249
| – | – |
|
13
Johnson & Johnson
JNJ
$619B
| $3.31M | 1.69% |
23,510
| – | – |
|
14
AbbVie
ABBV
$431B
| $3.22M | 1.64% |
32,784
+154
| +0.5% | +$13.6K |
|
15
Home Depot
HD
$349B
| $3.1M | 1.58% |
12,381
| – | – |
|
16
AT&T
T
$162B
| $3.06M | 1.56% |
134,108
+66
| +0% | +$1.5K |
|
17
Walmart Inc
WMT
$892B
| $2.6M | 1.33% |
65,235
| – | – |
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$818B
| $2.54M | 1.3% |
8,249
-40
| -0.5% | -$11.7K |
|
19
Verizon
VZ
$195B
| $2.46M | 1.26% |
44,675
-87
| -0.2% | -$4.89K |
|
20
Comcast
CMCSA
$89.3B
| $2.41M | 1.23% |
61,771
| – | – |
|
21
Pfizer
PFE
$149B
| $2.33M | 1.19% |
75,033
+339
| +0.5% | +$11.5K |
|
22
Qualcomm
QCOM
$168B
| $2.29M | 1.17% |
25,101
+100
| +0.4% | +$8.02K |
|
23
Gilead Sciences
GILD
$162B
| $2.21M | 1.13% |
28,781
+205
| +0.7% | +$15.7K |
|
24
MetLife
MET
$63.7B
| $2.21M | 1.13% |
60,503
+8,906
| +17% | +$310K |
|
25
Weyerhaeuser
WY
$18.3B
| $2.21M | 1.13% |
98,192
-100
| -0.1% | -$2.02K |
|
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Meridian Investment Counsel's Q2 2020 Portfolio in Review
As of Q2 2020, Meridian Investment Counsel held 183 positions worth $196M, up 27% from $154M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Meridian Investment Counsel deployed $8.46M of net new capital in Q2 2020, opening 10 new positions and adding to 37 existing holdings. Its largest new stake was ImmunityBio: 96,433 shares worth $1.18M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Winnebago Industries, an estimated $398K trimmed.
- Meridian Investment Counsel's largest Q2 2020 buy was ImmunityBio: 96,433 shares worth $1.18M.
- Meridian Investment Counsel added most to Adobe in Q2 2020, an estimated $5.44M increase.
- Meridian Investment Counsel's biggest Q2 2020 reduction was Winnebago Industries, cutting an estimated $398K.
- Meridian Investment Counsel fully exited Raytheon Company in Q2 2020, selling an estimated $215K.
- Meridian Investment Counsel's ten largest holdings make up 30% of its $196M portfolio in Q2 2020.
- Meridian Investment Counsel opened 10 new positions and closed 3 in Q2 2020.
- Meridian Investment Counsel's portfolio value rose 27% quarter-over-quarter to $196M.
Based on Meridian Investment Counsel's 13F filing for Q2 2020, filed 5 Aug 2020.