MERIDIAN INVESTMENT COUNSEL INC.
Long book
$419.9M
Q1 2026
Positions
237
Top-10 weight
26%
concentration
Last quarter
+12.5%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsMERIDIAN INVESTMENT COUNSEL INC. is an institutional manager, running a $419.9M US long book across 237 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, APPLE INC, ISHARES GOLD TRUST, MICROSOFT CORP, CHEVRON CORP.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+5.9%
Q3 2024
-0.2%
Q4 2024
-1.1%
Q1 2025
+7.4%
Q2 2025
+9.4%
Q3 2025
+3.1%
Q4 2025
+0.1%
Q1 2026
+12.5%
Sector allocation
Technology 31%
Financials 16%
Industrials 13%
Healthcare 10%
Consumer discretionary 7%
Energy 6%
Other 3%
Utilities 3%
Long book by quarter
What does MERIDIAN INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 70.9K | $18.0M | 4.3% | +0.1% |
| MSFT MICROSOFT CORP | Technology | 27.9K | $10.3M | 2.5% | +0.4% |
| CVX CHEVRON CORP | Energy | 43.5K | $9.0M | 2.1% | -0.6% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 45.5K | $6.7M | 1.6% | Held |
| WMT WALMART INC | Consumer discretionary | 53.0K | $6.6M | 1.6% | -1.3% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 20.6K | $5.9M | 1.4% | Held |
| ABBV ABBVIE INC | Healthcare | 26.3K | $5.7M | 1.4% | -0.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 23.4K | $5.7M | 1.4% | -1.2% |
| TRV TRAVELERS COS INC/THE | Financials | 18.4K | $5.4M | 1.3% | Held |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 25.2K | $4.6M | 1.1% | +66.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.4K | $4.5M | 1.1% | -7.8% |
| GILD GILEAD SCIENCES INC | Healthcare | 32.1K | $4.5M | 1.1% | +0.1% |
| FDX FEDEX CORP | Industrials | 11.8K | $4.2M | 1.0% | -0.4% |
| ADBE ADOBE INC | Technology | 16.9K | $4.1M | 1.0% | -0.2% |
| BAC BANK OF AMERICA CORP | Financials | 82.2K | $4.0M | 1.0% | +0.4% |
| HD HOME DEPOT INC | Consumer discretionary | 12.0K | $4.0M | 0.9% | -0.8% |
| META META PLATFORMS INC-CLASS A | Technology | 6.9K | $3.9M | 0.9% | +0.3% |
| ORCL ORACLE CORP | Technology | 25.0K | $3.7M | 0.9% | Held |
| CBRE CBRE GROUP INC - A | Real estate | 26.1K | $3.5M | 0.8% | -0.2% |
| Q QNITY ELECTRONICS INC | Technology | 30.3K | $3.5M | 0.8% | +43.3% |
| MCK MCKESSON CORP | Consumer discretionary | 3.9K | $3.4M | 0.8% | -0.1% |
| MET METLIFE INC | Financials | 46.6K | $3.3M | 0.8% | -5.5% |
| KMI KINDER MORGAN INC | Utilities | 97.1K | $3.3M | 0.8% | -0.7% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 9.3K | $3.2M | 0.8% | -0.6% |
| QCOM QUALCOMM INC | Technology | 23.4K | $3.0M | 0.7% | -13.6% |
| MU MICRON TECHNOLOGY INC | Technology | 8.9K | $3.0M | 0.7% | +82.4% |
| B BARRICK MINING CORP | Materials | 72.9K | $3.0M | 0.7% | +8.0% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 37.3K | $2.9M | 0.7% | -0.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 4 | $2.9M | 0.7% | Held |
| C CITIGROUP INC | Financials | 25.2K | $2.9M | 0.7% | Held |
| GEV GE VERNOVA INC | Industrials | 3.1K | $2.7M | 0.7% | -0.4% |
| GE GENERAL ELECTRIC | Industrials | 9.5K | $2.7M | 0.6% | -0.5% |
| CSCO CISCO SYSTEMS INC | Technology | 34.5K | $2.7M | 0.6% | +32.6% |
| JPM JPMORGAN CHASE & CO | Financials | 8.8K | $2.6M | 0.6% | +0.5% |
| AMGN AMGEN INC | Healthcare | 7.0K | $2.5M | 0.6% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 34.0K | $2.4M | 0.6% | +1.0% |
| MDT MEDTRONIC PLC | Healthcare | 28.1K | $2.4M | 0.6% | Held |
| CB CHUBB LTD | Financials | 7.2K | $2.3M | 0.6% | -0.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 5.8K | $2.3M | 0.5% | New |
| NVDA NVIDIA CORP | Technology | 13.0K | $2.3M | 0.5% | +4.1% |
| GOOG ALPHABET INC-CL C | Technology | 7.8K | $2.2M | 0.5% | +4.4% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 17.1K | $2.2M | 0.5% | -0.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 8.9K | $2.1M | 0.5% | Held |
| CMCSA COMCAST CORP-CLASS A | Communications | 74.6K | $2.1M | 0.5% | -0.8% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 9.2K | $2.1M | 0.5% | +0.6% |
| LIN LINDE PLC | Materials | 4.2K | $2.1M | 0.5% | +8.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 38.7K | $1.9M | 0.5% | -4.6% |
| WFC WELLS FARGO & CO | Financials | 24.2K | $1.9M | 0.5% | Held |
| NOW SERVICENOW INC | Technology | 18.4K | $1.9M | 0.5% | New |
| WGO WINNEBAGO INDUSTRIES | Industrials | 61.9K | $1.9M | 0.5% | -9.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 238 | $419.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 239 | $415.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 233 | $404.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 224 | $367.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 211 | $339.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 213 | $335.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 212 | $330.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 213 | $316.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 206 | $300.7M | canonical | SEC ↗ |
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