MERIDIAN INVESTMENT COUNSEL INC.

CIK

1427351

Location

LAFAYETTE, CA

Portfolio Value

Small $360,677,645

Diversification

Diversified

Filing Date

Global Rank

#3,312 / 8,517 ▼ 10

Top Industry

Semiconductors 18.3%

3Y Alpha vs SPY

+4.2%

Period ended 46 days ago

Filed Jul 23, 2026 · 23d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+94.6%

SPY

+75.3%

Annualised alpha

+4.3%

Max drawdown

−18.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

182 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.6%

+2.3 pts

Top 5

24.2%

+1.8 pts

Top 10

33.4%

+1.6 pts

HHI

234

Diversified+43

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	36.3%	$130,861,336	32
Financial Services	14.6%	$52,520,083	39
Industrials	10.2%	$36,930,569	26
Healthcare	8.9%	$31,992,911	16
Unclassified	6.7%	$24,173,709	5
Energy	5.0%	$17,957,710	14
Consumer Defensive	4.1%	$14,798,925	11
Consumer Cyclical	4.0%	$14,557,450	14
Communication Services	3.7%	$13,380,614	8
Basic Materials	2.8%	$10,217,867	8
Real Estate	2.3%	$8,387,838	4
Utilities	1.4%	$4,898,633	5

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BAC	Bank Of America Corp /De/	+30,975	113,224	$6,451,503
VZ	Verizon Communications Inc	+14,796	53,454	$2,263,242
MSIF	Msc Income Fund, Inc.	+7,250	47,950	$554,781
SLRC	SLR Investment Corp.	+6,350	68,625	$848,891
NOW	ServiceNow, Inc.	+5,832	24,244	$2,406,944
CVX	Chevron Corp	+4,453	47,992	$7,955,153
GBDC	GOLUB CAPITAL BDC, Inc.	+3,450	75,850	$976,948
ALL	Allstate Corp	+2,998	5,710	$1,358,637
Q	Qnity Electronics, Inc.	+2,697	32,948	$5,380,737
COF	Capital One Financial Corp	+2,014	27,209	$5,458,669
META	Meta Platforms, Inc.	+1,077	7,950	$4,478,155
NVO	Novo Nordisk A S	+899	63,091	$3,024,582
CB	Chubb Ltd	+806	7,990	$2,722,512
MCK	Mckesson Corp	+503	4,407	$3,329,929
SHEL	Shell plc	+200	2,700	$209,358
WFC	Wells Fargo & Company/Mn	+185	24,368	$2,013,771
DIS	Walt Disney Co	+170	3,059	$294,428
BNY	Bank of New York Mellon Corp	+165	3,365	$486,612
MRK	Merck & Co., Inc.	+130	3,923	$504,105
UNP	Union Pacific Corp	+130	1,015	$276,080
RTX	RTX Corp	+125	6,669	$1,265,309
EMR	Emerson Electric Co	+120	6,514	$932,479
JPM	Jpmorgan Chase & Co	+90	8,925	$2,921,420
MMM	3M Co	+60	1,680	$272,008
PG	PROCTER & GAMBLE Co	+50	4,507	$660,906
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MGM	MGM Resorts International	−25,350	14,200	$678,902
WGO	Winnebago Industries Inc	−15,947	45,982	$1,436,477
ACHR	Archer Aviation Inc.	−11,250	75,700	$358,061
DD	DuPont de Nemours, Inc.	−11,033	3,201	$434,183
GOOGL	Alphabet Inc.	−7,818	6,495	$2,321,118
ARCC	Ares Capital Corp	−6,900	38,940	$721,558
OI	O-I Glass, Inc. /DE/	−5,000	37,100	$357,273
PFE	Pfizer Inc	−4,738	50,187	$1,208,502
HON	Honeywell International Inc	−4,618	4,612	$1,032,626
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−4,427	80,217	$38,309,232
IAU	Ishares Gold Trust	−4,037	117,933	$8,905,120
NVDA	Nvidia Corp	−3,900	9,132	$1,827,221
KMI	Kinder Morgan, Inc.	−3,535	93,573	$2,991,528
CMCSA	Comcast Corp	−3,470	71,090	$1,745,259
LNC	Lincoln National Corp	−3,340	5,757	$203,509
KO	Coca Cola Co	−3,195	8,805	$715,582
MET	Metlife Inc	−2,915	43,720	$3,699,149
T	At&T Inc.	−2,750	36,292	$751,244
BRK-B	Berkshire Hathaway Inc	−2,146	7,263	$3,634,332
WY	Weyerhaeuser Co	−2,100	52,089	$1,247,010
BCSF	Bain Capital Specialty Finance, Inc.	−2,090	17,476	$218,799
CP	Canadian Pacific Kansas City Ltd/Cn	−1,985	35,325	$3,060,911
PLTR	Palantir Technologies Inc.	−1,600	43,915	$5,123,563
QCOM	Qualcomm Inc/De	−1,495	21,864	$4,040,248
MDT	Medtronic plc	−1,414	26,711	$2,089,601
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
ALAB	Astera Labs, Inc.	4,655	$2,248,458
HONA	Honeywell Aerospace Inc.	4,955	$1,094,064
KDP	Keurig Dr Pepper Inc.	32,400	$1,060,452
FDXF	FedEx Freight Holding Company, Inc.	5,865	$885,615
DVN	Devon Energy Corp/De	11,311	$467,370
TSLA	Tesla, Inc.	640	$269,184
PRCH	Porch Group, Inc.	15,667	$235,631
PANW	Palo Alto Networks Inc	670	$228,483
ADI	Analog Devices Inc	559	$222,018
KLAC	Kla Corp	700	$211,197
CMI	Cummins Inc	290	$206,830
SOLS	Solstice Advanced Materials Inc.	2,277	$201,742
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
XLB	State Street Materials Select Sector SPDR ETF	58,600	$2,928,242
CWI	State Street SPDR MSCI ACWI ex-US ETF	71,239	$2,606,635
FNDA	Schwab Fundamental U.S. Small Company ETF	70,428	$2,283,980
VXUS	Vanguard Total International Stock ETF	27,902	$2,151,523
VB	Vanguard Morningstar Small-Cap ETF	6,611	$1,731,553
VEA	Vanguard FTSE Developed Markets ETF	24,845	$1,592,067
TAP-A	Molson Coors Beverage Co	14,109	$691,199
IBB	iShares Biotechnology ETF	2,734	$461,635
PEO	Adams Natural Resources Fund, Inc.	7,779	$216,256
BIV	Vanguard Intermediate-Term Bond ETF	2,593	$200,127
CTRA	Coterra Energy Inc.	16,315	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

182 tracked positions · $360,677,645 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 182 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	80,217	-4,427	$38,309,232	+33.9%	10.62%
AAPL	Apple Inc. Technology	Reduced	69,901	-974	$20,226,553	+12.4%	5.61%
MSFT	Microsoft Corp Technology	Reduced	27,458	-481	$10,242,383	−1.0%	2.84%
MU	Micron Technology Inc Technology	Reduced	8,225	-630	$9,494,035	+217.4%	2.63%
IAU	Ishares Gold Trust	Reduced	117,933	-4,037	$8,905,120	−17.2%	2.47%
CVX	Chevron Corp Energy	Added	47,992	+4,453	$7,955,153	−11.7%	2.21%
BAC	Bank Of America Corp /De/ Financial Services	Added	113,224	+30,975	$6,451,503	+60.9%	1.79%
ABBV	AbbVie Inc. Healthcare	Reduced	25,506	-825	$6,418,329	+12.1%	1.78%
NSC	Norfolk Southern Corp Industrials	Reduced	20,292	-301	$6,383,660	+8.0%	1.77%
WMT	Walmart Inc. Consumer Defensive	Reduced	52,792	-182	$5,979,221	−9.2%	1.66%
TRV	Travelers Companies, Inc. Financial Services	Reduced	18,063	-300	$5,962,957	+11.3%	1.65%
JNJ	Johnson & Johnson Healthcare	Reduced	22,704	-723	$5,766,134	+0.7%	1.60%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	8,192	-358	$5,761,761	+9.3%	1.60%
COF	Capital One Financial Corp Financial Services	Added	27,209	+2,014	$5,458,669	+18.8%	1.51%
Q	Qnity Electronics, Inc. Technology	Added	32,948	+2,697	$5,380,737	+54.2%	1.49%
PLTR	Palantir Technologies Inc. Technology	Reduced	43,915	-1,600	$5,123,563	−23.0%	1.42%
META	Meta Platforms, Inc. Communication Services	Added	7,950	+1,077	$4,478,155	+13.9%	1.24%
INTC	Intel Corp Technology	Reduced	31,100	-1,370	$4,342,493	+203.1%	1.20%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	12,023	-8	$4,240,271	+7.2%	1.18%
QCOM	Qualcomm Inc/De Technology	Reduced	21,864	-1,495	$4,040,248	+34.3%	1.12%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	31,450	-700	$3,973,393	−11.3%	1.10%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	7,568	0	$3,953,447	+12.8%	1.10%
CSCO	Cisco Systems, Inc. Technology	Reduced	33,546	-1,000	$3,940,313	+47.0%	1.09%
MET	Metlife Inc Financial Services	Reduced	43,720	-2,915	$3,699,149	+12.2%	1.03%
FDX	Fedex Corp Industrials	Reduced	11,742	-70	$3,676,772	−12.6%	1.02%
ORCL	Oracle Corp Technology	Reduced	25,029	-19	$3,667,999	−0.5%	1.02%
GEV	GE Vernova Inc. Industrials	Reduced	3,115	-32	$3,659,688	+33.2%	1.01%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	7,263	-2,146	$3,634,332	−50.8%	1.01%
BTI	British American Tobacco p.l.c. Consumer Defensive	Reduced	57,653	-1,184	$3,560,649	+3.5%	0.99%
GE	General Electric Co Industrials	Reduced	9,438	-99	$3,527,263	+30.3%	0.98%
CBRE	Cbre Group, Inc. Real Estate	Held	26,084	0	$3,513,253	−0.6%	0.97%
C	Citigroup Inc Financial Services	Reduced	24,951	-225	$3,492,141	+22.3%	0.97%
ADBE	Adobe Inc. Technology	Reduced	16,755	-95	$3,435,110	−16.1%	0.95%
DOC	Healthpeak Properties, Inc. Real Estate	Reduced	158,571	-1,320	$3,393,419	+29.2%	0.94%
MCK	Mckesson Corp Healthcare	Added	4,407	+503	$3,329,929	−1.4%	0.92%
SPY	Spdr S&P 500 ETF Trust	Reduced	4,137	-622	$3,089,387	−0.2%	0.86%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	35,325	-1,985	$3,060,911	+4.3%	0.85%
NVO	Novo Nordisk A S Healthcare	Added	63,091	+899	$3,024,582	+32.3%	0.84%
KMI	Kinder Morgan, Inc. Energy	Reduced	93,573	-3,535	$2,991,528	−8.1%	0.83%
JPM	Jpmorgan Chase & Co Financial Services	Added	8,925	+90	$2,921,420	+12.4%	0.81%
CB	Chubb Ltd Financial Services	Added	7,990	+806	$2,722,512	+16.3%	0.75%
B	Barrick Mining Corp Basic Materials	Reduced	72,184	-695	$2,651,318	−10.8%	0.74%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	9,053	-245	$2,630,711	−18.0%	0.73%
AMGN	Amgen Inc Healthcare	Reduced	6,995	-45	$2,533,029	+2.3%	0.70%
QQQ	Invesco Qqq Trust, Series 1	Reduced	3,346	-100	$2,463,994	+23.9%	0.68%
IBM	International Business Machines Corp Technology	Reduced	8,728	-130	$2,454,400	+14.3%	0.68%
UBER	Uber Technologies, Inc Technology	Reduced	33,732	-267	$2,434,101	−0.5%	0.67%
NOW	ServiceNow, Inc. Technology	Added	24,244	+5,832	$2,406,944	+25.0%	0.67%
GOOGL	Alphabet Inc. Communication Services	Reduced	6,495	-7,818	$2,321,118	−43.5%	0.64%
AEP	American Electric Power Co Inc Utilities	Reduced	16,590	-525	$2,269,677	+1.2%	0.63%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.