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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
(-25%)
Cap. Flow
-$27.4M
Cap. Flow
% of AUM
-32.92%
Top 10 Holdings %
Top 10 Hldgs %
49.63%
Holding
58
New
4
Increased
1
Reduced
4
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$4.87M |
| 2 |
NNN REIT
NNN
|
+$4.6M |
| 3 |
Southern Company
SO
|
+$3.32M |
| 4 |
Omega Healthcare
OHI
|
+$2.78M |
| 5 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$2.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$7.5M |
| 2 |
Leidos
LDOS
|
+$4.99M |
| 3 |
Toronto Dominion Bank
TD
|
+$4.98M |
| 4 |
Kimco Realty
KIM
|
+$4.97M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
51
Royal Bank of Canada
RY
$293B
| – | – |
-51,396
| Closed | -$3M |
|
|
52
AT&T
T
$163B
| – | – |
-280,349
| Closed | -$7.5M |
|
|
53
Toronto Dominion Bank
TD
$200B
| – | – |
-123,884
| Closed | -$4.98M |
|
54
ExxonMobil
XOM
$634B
| – | – |
-1,525
| Closed | -$138K |
|
|
RAI
55
DELISTED
Reynolds American Inc
RAI
| – | – |
-16,340
| Closed | -$395K |
|
|
DCT
56
DELISTED
DCT Industrial Trust Inc.
DCT
| – | – |
-86,806
| Closed | -$2.48M |
|
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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.