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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
+7.17%
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
$281M
AUM Growth
+$17.4M
(+6.6%)
Cap. Flow
+$1.99M
Cap. Flow
% of AUM
0.71%
Top 10 Holdings %
Top 10 Hldgs %
29.02%
Holding
213
New
5
Increased
37
Reduced
49
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$1.85M |
| 2 |
TGNA
TEGNA Inc
TGNA
|
+$1.07M |
| 3 |
State Street Communication Services Select Sector SPDR ETF
XLC
|
+$556K |
| 4 |
Chevron
CVX
|
+$480K |
| 5 |
British American Tobacco
BTI
|
+$327K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackstone Mortgage Trust
BXMT
|
+$684K |
| 2 |
SI-BONE Inc
SIBN
|
+$667K |
| 3 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$444K |
| 4 |
3M
MMM
|
+$371K |
| 5 |
AT&T
T
|
+$351K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.74% |
| 2 | Healthcare | 11.72% |
| 3 | Financials | 8.55% |
| 4 | Industrials | 8.09% |
| 5 | Consumer Discretionary | 7.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.56T
| $11.3M | 4.03% |
58,258
-1,206
| -2% | -$210K |
|
2
Adobe
ADBE
$103B
| $11M | 3.91% |
22,445
-100
| -0.4% | -$40.3K |
|
3
TSMC
TSM
$2.17T
| $10.8M | 3.84% |
106,749
+636
| +0.6% | +$59.2K |
|
4
Microsoft
MSFT
$3.71T
| $10.2M | 3.63% |
29,943
-20
| -0.1% | -$6.27K |
|
|
5
Chevron
CVX
$371B
| $9.91M | 3.53% |
62,986
+2,992
| +5% | +$480K |
|
|
6
SI-BONE Inc
SIBN
$813M
| $8M | 2.85% |
296,368
-27,339
| -8% | -$667K |
|
7
FedEx
FDX
$74.7B
| $5.34M | 1.9% |
21,551
| – | – |
|
8
Winnebago Industries
WGO
$885M
| $5.33M | 1.9% |
79,977
-800
| -1% | -$47.7K |
|
9
iShares Gold Trust
IAU
$66B
| $4.92M | 1.75% |
135,162
-1,209
| -0.9% | -$45.3K |
|
10
Johnson & Johnson
JNJ
$619B
| $4.71M | 1.68% |
28,447
-34
| -0.1% | -$5.49K |
|
11
Norfolk Southern
NSC
$76.9B
| $4.62M | 1.65% |
20,368
| – | – |
|
12
AbbVie
ABBV
$431B
| $4.11M | 1.46% |
30,472
| – | – |
|
13
O-I Glass
OI
$1.09B
| $3.84M | 1.37% |
180,100
| – | – |
|
14
Oracle
ORCL
$413B
| $3.82M | 1.36% |
32,076
-200
| -0.6% | -$20.7K |
|
15
Home Depot
HD
$349B
| $3.77M | 1.35% |
12,151
-50
| -0.4% | -$14.8K |
|
16
Comcast
CMCSA
$89.3B
| $3.65M | 1.3% |
87,791
| – | – |
|
17
Qualcomm
QCOM
$168B
| $3.55M | 1.26% |
29,799
+12
| +0% | +$1.38K |
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$818B
| $3.42M | 1.22% |
7,706
-610
| -7% | -$256K |
|
19
Travelers Companies
TRV
$80.5B
| $3.37M | 1.2% |
19,401
+1,045
| +6% | +$184K |
|
20
MetLife
MET
$64.3B
| $3.27M | 1.17% |
57,883
+700
| +1% | +$38.8K |
|
21
Molson Coors Class B
TAP
$7.95B
| $3.21M | 1.14% |
48,740
| – | – |
|
22
Walmart Inc
WMT
$892B
| $3.2M | 1.14% |
61,116
-120
| -0.2% | -$6.05K |
|
23
Weyerhaeuser
WY
$18.3B
| $2.79M | 1% |
83,346
-1,990
| -2% | -$59.9K |
|
24
Bank of America
BAC
$441B
| $2.78M | 0.99% |
96,741
| – | – |
|
25
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
| $2.7M | 0.96% |
7,854
| – | – |
|
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Meridian Investment Counsel's Q2 2023 Portfolio in Review
As of Q2 2023, Meridian Investment Counsel held 213 positions worth $281M, up 6.6% from $263M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Meridian Investment Counsel's Q2 2023 filing shows 5 new, 37 increased, 49 reduced and 6 closed positions. Its largest new stake was State Street Communication Services Select Sector SPDR ETF: 9,135 shares worth $595K. The largest sale was Blackstone Mortgage Trust, an estimated $684K.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
- Meridian Investment Counsel's largest Q2 2023 buy was State Street Communication Services Select Sector SPDR ETF: 9,135 shares worth $595K.
- Meridian Investment Counsel added most to Invesco S&P 500 Equal Weight ETF in Q2 2023, an estimated $1.85M increase.
- Meridian Investment Counsel's biggest Q2 2023 reduction was SI-BONE Inc, cutting an estimated $667K.
- Meridian Investment Counsel fully exited Blackstone Mortgage Trust in Q2 2023, selling an estimated $684K.
- Meridian Investment Counsel's ten largest holdings make up 29% of its $281M portfolio in Q2 2023.
- Meridian Investment Counsel opened 5 new positions and closed 6 in Q2 2023.
- Meridian Investment Counsel's portfolio value rose 6.6% quarter-over-quarter to $281M.
Based on Meridian Investment Counsel's 13F filing for Q2 2023, filed 9 Aug 2023.