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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 | |
|---|---|---|---|---|---|---|
1
CSX Corp
CSX
$93.4B
| $5.15M | 6.2% |
601,191
| – | – |
|
|
2
Eli Lilly
LLY
$1.02T
| $4.71M | 5.66% |
+93,075
| New | +$4.87M |
|
3
Darden Restaurants
DRI
$23.3B
| $4.57M | 5.5% |
110,444
| – | – |
|
|
RAD
4
DELISTED
Rite Aid Corporation
RAD
| $4.48M | 5.39% |
48,030
-11,200
| -19% | -$764K |
|
|
5
NNN REIT
NNN
$9.04B
| $4.38M | 5.27% |
+138,121
| New | +$4.6M |
|
|
6
Southern Company
SO
$109B
| $4.01M | 4.83% |
97,742
+77,024
| +372% | +$3.32M |
|
|
VER
7
DELISTED
VEREIT, Inc.
VER
| $4.01M | 4.82% |
64,935
| – | – |
|
|
MWE
8
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $3.38M | 4.07% |
47,654
| – | – |
|
|
PMT
9
PennyMac Mortgage Investment
PMT
$822M
| $3.29M | 3.95% |
145,787
| – | – |
|
10
Apple
AAPL
$4.54T
| $3.27M | 3.93% |
191,492
| – | – |
|
11
Verizon
VZ
$195B
| $3.17M | 3.82% |
68,260
-93,312
| -58% | -$4.56M |
|
12
Enterprise Products Partners
EPD
$82.3B
| $3.02M | 3.63% |
100,078
| – | – |
|
13
CVS Health
CVS
$133B
| $2.91M | 3.51% |
50,955
| – | – |
|
|
ARR
14
Armour Residential REIT
ARR
$2.33B
| $2.85M | 3.43% |
16,954
| – | – |
|
15
Invesco Mortgage Capital
IVR
$759M
| $2.8M | 3.37% |
18,132
| – | – |
|
|
16
Omega Healthcare
OHI
$15.1B
| $2.74M | 3.3% |
+91,352
| New | +$2.78M |
|
|
PARA
17
DELISTED
Paramount Global Class B
PARA
| $2.7M | 3.25% |
48,959
| – | – |
|
18
PennyMac Financial
PFSI
$3.92B
| $2.45M | 2.95% |
131,087
| – | – |
|
|
MFA
19
MFA Financial
MFA
$926M
| $2.19M | 2.63% |
73,703
| – | – |
|
|
DNY
20
DELISTED
DONNELLEY R R & SONS CO
DNY
| $2.07M | 2.49% |
+130,480
| New | +$2.07M |
|
21
UDR
UDR
$12.3B
| $1.89M | 2.27% |
78,833
-38,400
| -33% | -$935K |
|
|
MTGE
22
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $1.65M | 1.99% |
84,170
| – | – |
|
23
AGNC Investment
AGNC
$12.4B
| $1.54M | 1.86% |
68,225
| – | – |
|
24
Diageo
DEO
$49B
| $1.1M | 1.33% |
8,684
| – | – |
|
|
DD
25
DELISTED
Du Pont De Nemours E I
DD
| $981K | 1.18% |
17,650
| – | – |
|
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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.