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MIM

Merit Investment Management Portfolio holdings

AUM $87.5M
This Fund
S&P 500
This Quarter Est. Return
+2.59%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$83.1M
AUM Growth
-$27.4M
Cap. Flow
-$27.4M
Cap. Flow %
-32.92%
Top 10 Hldgs %
49.63%
Holding
58
New
4
Increased
1
Reduced
4
Closed
14

Top Buys

Rank Stock Value
1
LLY icon
Eli Lilly
LLY
+$4.87M
2
NNN icon
NNN REIT
NNN
+$4.6M
3
SO icon
Southern Company
SO
+$3.32M
4
OHI icon
Omega Healthcare
OHI
+$2.78M
5
DNY
DONNELLEY R R & SONS CO
DNY
+$2.07M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$7.5M
2
LDOS icon
Leidos
LDOS
+$4.99M
3
TD icon
Toronto Dominion Bank
TD
+$4.98M
4
KIM icon
Kimco Realty
KIM
+$4.97M
5
MAA icon
Mid-America Apartment Communities
MAA
+$4.97M

Sector Composition

Rank Sector Weight
1 Real Estate 28.51%
2 Healthcare 10%
3 Energy 8.02%
4 Industrials 7.24%
5 Communication Services 7.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRMW
26
DELISTED
Primo Water Corporation
PRMW
$871K 1.05%
112,582
– –
PEP icon
27
PepsiCo
PEP
$189B
$858K 1.03%
10,800
– –
BRK.A icon
28
Berkshire Hathaway Class A
BRK.A
$1.13T
$682K 0.82%
4
– –
MCD icon
29
McDonald's
MCD
$196B
$608K 0.73%
6,313
– –
PM icon
30
Philip Morris
PM
$293B
$579K 0.7%
6,673
– –
SBY
31
DELISTED
Silver Bay Realty Trust Corp.
SBY
$555K 0.67%
35,355
– –
MRK icon
32
Merck
MRK
$317B
$542K 0.65%
13,370
– –
NSC icon
33
Norfolk Southern
NSC
$76.9B
$542K 0.65%
7,000
– –
LO
34
DELISTED
LORILLARD INC COM STK
LO
$518K 0.62%
11,604
– –
NEE icon
35
NextEra Energy
NEE
$176B
$379K 0.46%
18,912
– –
WMC
36
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$361K 0.43%
2,216
– –
PAA icon
37
Plains All American Pipeline
PAA
$16.6B
$263K 0.32%
5,000
-15,372
-75% -$821K
GIS icon
38
General Mills
GIS
$19.3B
$180K 0.22%
3,750
– –
MMM icon
39
3M
MMM
$93.2B
$167K 0.2%
1,674
– –
PG icon
40
Procter & Gamble
PG
$342B
$155K 0.19%
2,048
– –
EMR icon
41
Emerson Electric
EMR
$87.5B
$153K 0.18%
2,370
– –
MSFT icon
42
Microsoft
MSFT
$3.71T
$149K 0.18%
4,485
– –
PFE icon
43
Pfizer
PFE
$149B
$143K 0.17%
5,244
– –
ET icon
44
Energy Transfer Partners
ET
$71.2B
– –
-5,600
Closed -$84K
FDX icon
45
FedEx
FDX
$74.7B
– –
-2,100
Closed -$207K
FUN icon
46
Cedar Fair
FUN
$1.61B
– –
-38,790
Closed -$1.61M
KIM icon
47
Kimco Realty
KIM
$16.4B
– –
-231,964
Closed -$4.97M
LDOS icon
48
Leidos
LDOS
$17B
– –
-145,057
Closed -$4.99M
MAA icon
49
Mid-America Apartment Communities
MAA
$15.5B
– –
-73,292
Closed -$4.97M
PNW icon
50
Pinnacle West Capital
PNW
$12.2B
– –
-44,931
Closed -$2.49M
1
2
3

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CCM
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RRCMF
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ST
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FC
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Merit Investment Management's Q3 2013 Portfolio in Review

As of Q3 2013, Merit Investment Management held 58 positions worth $83.1M, down 25% from $110M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Merit Investment Management withdrew a net $27.4M in Q3 2013, closing 14 positions and reducing 4 holdings. Its most notable exit was AT&T, an estimated $7.5M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Merit Investment Management opened a new position in Eli Lilly worth $4.71M.

  • Merit Investment Management's largest Q3 2013 buy was Eli Lilly: 93,075 shares worth $4.71M.
  • Merit Investment Management added most to Southern Company in Q3 2013, an estimated $3.32M increase.
  • Merit Investment Management's biggest Q3 2013 reduction was Verizon, cutting an estimated $4.56M.
  • Merit Investment Management fully exited AT&T in Q3 2013, selling an estimated $7.5M.
  • Merit Investment Management's ten largest holdings make up 50% of its $83.1M portfolio in Q3 2013.
  • Merit Investment Management opened 4 new positions and closed 14 in Q3 2013.
  • Merit Investment Management's portfolio value fell 25% quarter-over-quarter to $83.1M.

Based on Merit Investment Management's 13F filing for Q3 2013, filed 13 Nov 2013.