MERIDIAN INVESTMENT COUNSEL INC.
Filing Date
Global Rank
#3,308
/ 8,610
▲ 53
· as of Mar 2026
Top Industry
Semiconductors
13.0%
3Y Alpha vs SPY
-3.2%
Period ended 4 months ago
Filed Apr 28, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+59.0%
SPY
+73.9%
Annualised alpha
-3.6%
Max drawdown
−18.3%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
173 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
8.8%
+0.8 pts
Top 5
23.7%
+0.1 pts
Top 10
33.2%
+0.2 pts
HHI
207
Diversified+3
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 31.1% | $100,685,149 |
| Financial Services | 14.3% | $46,312,771 |
| Industrials | 10.0% | $32,355,152 |
| Healthcare | 9.7% | $31,374,375 |
| Unclassified | 7.6% | $24,615,524 |
| Energy | 6.5% | $20,952,790 |
| Consumer Defensive | 4.7% | $15,235,856 |
| Consumer Cyclical | 4.7% | $15,211,559 |
| Communication Services | 3.9% | $12,726,106 |
| Basic Materials | 3.5% | $11,468,115 |
| Real Estate | 2.4% | $7,699,384 |
| Utilities | 1.5% | $4,961,659 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ACHR | Archer Aviation Inc. | +43,000 | 86,950 | $449,531 | |
| MSIF | Msc Income Fund, Inc. | +24,450 | 40,700 | $495,726 | |
| SLRC | SLR Investment Corp. | +21,400 | 62,275 | $891,155 | |
| COF | Capital One Financial Corp | +10,034 | 25,195 | $4,596,323 | |
| Q | Qnity Electronics, Inc. | +9,134 | 30,251 | $3,490,360 | |
| CSCO | Cisco Systems, Inc. | +8,501 | 34,546 | $2,680,424 | |
| GBDC | GOLUB CAPITAL BDC, Inc. | +8,265 | 72,400 | $916,584 | |
| DOC | Healthpeak Properties, Inc. | +7,543 | 159,891 | $2,627,009 | |
| B | Barrick Mining Corp | +5,370 | 72,879 | $2,972,734 | |
| MU | Micron Technology Inc | +3,999 | 8,855 | $2,991,573 | |
| ARCC | Ares Capital Corp | +2,400 | 45,840 | $826,036 | |
| MFIC | MidCap Financial Investment Corp | +1,400 | 39,113 | $439,630 | |
| RDDT | Reddit, Inc. | +1,052 | 5,242 | $705,835 | |
| BCSF | Bain Capital Specialty Finance, Inc. | +750 | 19,566 | $242,618 | |
| NVDA | Nvidia Corp | +514 | 13,032 | $2,272,780 | |
| ABT | Abbott Laboratories | +354 | 3,621 | $371,768 | |
| UBER | Uber Technologies, Inc | +346 | 33,999 | $2,445,548 | |
| LIN | Linde PLC | +310 | 4,180 | $2,072,276 | |
| BAC | Bank Of America Corp /De/ | +306 | 82,249 | $4,009,638 | |
| GOOGL | Alphabet Inc. | +286 | 6,475 | $1,861,951 | |
| AMD | Advanced Micro Devices Inc | +220 | 2,160 | $439,408 | |
| EMR | Emerson Electric Co | +150 | 6,394 | $837,741 | |
| V | Visa Inc. | +135 | 751 | $226,982 | |
| DIS | Walt Disney Co | +118 | 2,889 | $278,441 | |
| MSFT | Microsoft Corp | +111 | 27,939 | $10,342,179 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DD | DuPont de Nemours, Inc. | −27,818 | 14,234 | $1,955,751 | |
| SLB | Slb Limited/Nv | −13,500 | 12,850 | $660,361 | |
| PFE | Pfizer Inc | −8,578 | 54,925 | $1,542,294 | |
| WGO | Winnebago Industries Inc | −6,145 | 61,929 | $1,919,179 | |
| DOCU | Docusign, Inc. | −4,625 | 22,949 | $1,088,012 | |
| QCOM | Qualcomm Inc/De | −3,685 | 23,359 | $3,008,172 | |
| HPE | Hewlett Packard Enterprise Co | −2,899 | 11,994 | $285,577 | |
| MET | Metlife Inc | −2,725 | 46,635 | $3,298,027 | |
| OI | O-I Glass, Inc. /DE/ | −2,500 | 42,100 | $442,471 | |
| NEM | NEWMONT Corp /DE/ | −2,190 | 8,612 | $932,249 | |
| VZ | Verizon Communications Inc | −1,860 | 38,658 | $1,940,631 | |
| TAP | Molson Coors Beverage Co | −1,640 | 14,109 | $607,533 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | −1,131 | 84,644 | $28,605,439 | |
| MGM | MGM Resorts International | −1,100 | 39,550 | $1,463,745 | |
| OXY | Occidental Petroleum Corp /De/ | −1,100 | 13,220 | $859,300 | |
| IAU | Ishares Gold Trust | −1,077 | 121,970 | $10,752,875 | |
| BP | Bp PLC | −1,000 | 50,202 | $2,359,494 | |
| SYF | Synchrony Financial | −1,000 | 7,459 | $507,361 | |
| CET | Central Securities Corp | −1,000 | 9,175 | $455,630 | |
| BRK-B | Berkshire Hathaway Inc | −798 | 9,405 | $4,506,876 | |
| WMT | Walmart Inc. | −724 | 52,974 | $6,583,608 | |
| UTF | Cohen & Steers Infrastructure Fund Inc | −700 | 20,281 | $524,872 | |
| KMI | Kinder Morgan, Inc. | −700 | 97,108 | $3,256,031 | |
| MRK | Merck & Co., Inc. | −689 | 3,793 | $456,259 | |
| WBD | Warner Bros. Discovery, Inc. | −602 | 26,750 | $734,555 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
10 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| NOW | ServiceNow, Inc. | 18,412 | $1,924,974 | |
| CRWD | CrowdStrike Holdings, Inc. | 5,824 | $568,436 | |
| ALL | Allstate Corp | 2,712 | $562,306 | |
| AMAT | Applied Materials Inc /De | 684 | $233,784 | |
| SHEL | Shell plc | 2,500 | $232,500 | |
| DK | Delek US Holdings, Inc. | 5,000 | $225,350 | |
| KEYS | Keysight Technologies, Inc. | 788 | $222,507 | |
| BMY | Bristol Myers Squibb Co | 3,584 | $217,369 | |
| PEO | Adams Natural Resources Fund, Inc. | 7,779 | $216,256 | |
| MUC | Blackrock Muniholdings California Quality Fund, Inc. | 12,838 | $133,515 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TGNA | TEGNA INC | 45,116 | $875,701 | |
| KDP | Keurig Dr Pepper Inc. | 12,050 | $337,520 | |
| AXP | American Express Co | 854 | $315,937 | |
| DKNG | DraftKings Inc. | 7,150 | $246,389 | |
| HPQ | Hp Inc | 10,851 | $241,760 | |
| TSLA | Tesla, Inc. | 519 | $233,404 | |
| ISRG | Intuitive Surgical Inc | 376 | $212,951 | |
| BBN | BlackRock Taxable Municipal Bond Trust | 11,200 | $182,784 | |
| No positions match the current search. | ||||
173 positions ·
$323,598,440 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 173 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 84,644 | $28,605,439 | 8.84% | |
| AAPL |
Apple Inc.
Technology
|
Added | 70,875 | $17,987,366 | 5.56% | |
| IAU |
Ishares Gold Trust
|
Reduced | 121,970 | $10,752,875 | 3.32% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 27,939 | $10,342,179 | 3.20% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 43,539 | $9,008,219 | 2.78% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Held | 45,515 | $6,657,934 | 2.06% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 52,974 | $6,583,608 | 2.03% | |
| NSC |
Norfolk Southern Corp
Industrials
|
Held | 20,593 | $5,910,191 | 1.83% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 26,331 | $5,726,729 | 1.77% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 23,427 | $5,726,495 | 1.77% | |
| TRV |
Travelers Companies, Inc.
Financial Services
|
Held | 18,363 | $5,356,119 | 1.66% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Reduced | 8,550 | $5,273,298 | 1.63% | |
| COF |
Capital One Financial Corp
Financial Services
|
Added | 25,195 | $4,596,323 | 1.42% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 9,405 | $4,506,876 | 1.39% | |
| GILD |
Gilead Sciences, Inc.
Healthcare
|
Added | 32,150 | $4,480,745 | 1.38% | |
| ADBE |
Adobe Inc.
Technology
|
Reduced | 16,850 | $4,095,898 | 1.27% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Added | 82,249 | $4,009,638 | 1.24% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 12,031 | $3,956,875 | 1.22% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 6,873 | $3,932,249 | 1.22% | |
| ORCL |
Oracle Corp
Technology
|
Held | 25,048 | $3,684,811 | 1.14% | |
| CBRE |
Cbre Group, Inc.
Real Estate
|
Reduced | 26,084 | $3,533,338 | 1.09% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Reduced | 7,568 | $3,505,421 | 1.08% | |
| Q |
Qnity Electronics, Inc.
Technology
|
Added | 30,251 | $3,490,360 | 1.08% | |
| BTI |
British American Tobacco p.l.c.
Consumer Defensive
|
Reduced | 58,837 | $3,440,199 | 1.06% | |
| FDX |
Fedex Corp
Industrials
|
Reduced | 11,812 | $3,390,168 | 1.05% | |
| MCK |
Mckesson Corp
Healthcare
|
Reduced | 3,904 | $3,378,365 | 1.04% | |
| MET |
Metlife Inc
Financial Services
|
Reduced | 46,635 | $3,298,027 | 1.02% | |
| KMI |
Kinder Morgan, Inc.
Energy
|
Reduced | 97,108 | $3,256,031 | 1.01% | |
| LHX |
L3harris Technologies, Inc. /De/
Industrials
|
Reduced | 9,298 | $3,209,204 | 0.99% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 4,759 | $3,094,968 | 0.96% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 23,359 | $3,008,172 | 0.93% | |
| MU |
Micron Technology Inc
Technology
|
Added | 8,855 | $2,991,573 | 0.92% | |
| B |
Barrick Mining Corp
Basic Materials
|
Added | 72,879 | $2,972,734 | 0.92% | |
| CP |
Canadian Pacific Kansas City Ltd/Cn
Industrials
|
Reduced | 37,310 | $2,934,804 | 0.91% | |
| C |
Citigroup Inc
Financial Services
|
Held | 25,176 | $2,855,210 | 0.88% | |
| GEV |
GE Vernova Inc.
Industrials
|
Reduced | 3,147 | $2,747,016 | 0.85% | |
| GE |
General Electric Co
Industrials
|
Reduced | 9,537 | $2,706,314 | 0.84% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 34,546 | $2,680,424 | 0.83% | |
| DOC |
Healthpeak Properties, Inc.
Real Estate
|
Added | 159,891 | $2,627,009 | 0.81% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 8,835 | $2,598,903 | 0.80% | |
| AMGN |
Amgen Inc
Healthcare
|
Held | 7,040 | $2,477,024 | 0.77% | |
| UBER |
Uber Technologies, Inc
Technology
|
Added | 33,999 | $2,445,548 | 0.76% | |
| MDT |
Medtronic plc
Healthcare
|
Held | 28,125 | $2,437,031 | 0.75% | |
| BP |
Bp PLC
Energy
|
Reduced | 50,202 | $2,359,494 | 0.73% | |
| CB |
Chubb Ltd
Financial Services
|
Reduced | 7,184 | $2,341,481 | 0.72% | |
| NVO |
Novo Nordisk A S
Healthcare
|
Reduced | 62,192 | $2,285,556 | 0.71% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 13,032 | $2,272,780 | 0.70% | |
| AEP |
American Electric Power Co Inc
Utilities
|
Reduced | 17,115 | $2,243,434 | 0.69% | |
| HON |
Honeywell International Inc
Industrials
|
Added | 9,230 | $2,187,999 | 0.68% | |
| IBM |
International Business Machines Corp
Technology
|
Held | 8,858 | $2,147,090 | 0.66% |