MERIDIAN INVESTMENT COUNSEL INC's Q3 2025 13F: 15 new positions, 6 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Oct 23, 2025 · 233 reported positions · accession 0001427351-25-000012
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | CAPITAL ONE FINL CORP (COF) | — | 0.6% | +0.6 pts | +12,326 sh | new |
| New | CANADIAN PACIFIC KANSAS CITY (CP) | — | 0.6% | +0.6 pts | +32,350 sh | new |
| New | SCHWAB STRATEGIC TR (FNDA) | — | 0.5% | +0.5 pts | +62,608 sh | new |
| New | EVEREST GROUP LTD (EG) | — | 0.4% | +0.4 pts | +4,570 sh | new |
| Reduced | JANUS DETROIT STR TR (JAAA) | 0.5% | 0.1% | −0.4 pts | −28,750 sh | −85% |
| New | SCHWAB STRATEGIC TR (FNDF) | — | 0.3% | +0.3 pts | +26,454 sh | new |
| Reduced | KENVUE INC (KVUE) | 0.3% | 0.1% | −0.3 pts | −45,788 sh | −77% |
| Reduced | NVIDIA CORPORATION (NVDA) | 0.7% | 0.6% | −0.1 pts | −3,950 sh | −23% |
| Reduced | MOLSON COORS BEVERAGE CO (TAP) | 0.5% | 0.3% | −0.2 pts | −14,745 sh | −39% |
| New | REDDIT INC (RDDT) | — | 0.2% | +0.2 pts | +2,854 sh | new |
| Reduced | APPLE INC (AAPL) | 4.2% | 4.6% | +0.4 pts | −2,477 sh | −3% |
| New | MICRON TECHNOLOGY INC (MU) | — | 0.2% | +0.2 pts | +3,721 sh | new |
| Reduced | TEGNA INC (TGNA) | 0.4% | 0.3% | −0.1 pts | −30,410 sh | −34% |
| Reduced | FEDEX CORP (FDX) | 1.0% | 0.8% | −0.2 pts | −2,400 sh | −15% |
| Increased | HEALTHPEAK PROPERTIES INC (PEAK) | 0.6% | 0.7% | +0.1 pts | +26,303 sh | +21% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 5.8% | 6.4% | +0.6 pts | −1,703 sh | −2% |
| Exited | CONSTELLATION BRANDS INC (STZ) | 0.1% | — | −0.1 pts | −2,640 sh | −100% |
| Reduced | KEURIG DR PEPPER INC (KDP) | 0.4% | 0.2% | −0.2 pts | −17,554 sh | −40% |
| Increased | ISHARES TR (IWM) | 1.1% | 1.2% | +0.1 pts | +1,700 sh | +9% |
| Exited | CEMEX SAB DE CV (CX) | 0.1% | — | −0.1 pts | −48,850 sh | −100% |
| Reduced | WEYERHAEUSER CO MTN BE (WY) | 0.5% | 0.4% | −0.2 pts | −14,152 sh | −19% |
| Increased | ARES CAPITAL CORP (ARCC) | 0.1% | 0.2% | +0.1 pts | +16,965 sh | +87% |
| Increased | AMAZON COM INC (AMZN) | 0.3% | 0.3% | +0.1 pts | +1,573 sh | +35% |
| New | ISHARES TR (IBB) | — | 0.1% | +0.1 pts | +2,385 sh | new |
| Reduced | PALANTIR TECHNOLOGIES INC (PLTR) | 1.8% | 2.2% | +0.3 pts | −1,878 sh | −4% |
| Reduced | INTEL CORP (INTC) | 0.3% | 0.3% | 0.0 pts | −9,945 sh | −23% |
| Increased | UBER TECHNOLOGIES INC (UBER) | 0.4% | 0.5% | +0.1 pts | +3,388 sh | +20% |
| Increased | VANGUARD INDEX FDS (VB) | 0.3% | 0.4% | +0.1 pts | +1,104 sh | +24% |
| Reduced | LAM RESEARCH CORP (LRCX) | 0.2% | 0.1% | 0.0 pts | −2,000 sh | −34% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 0.9% | 0.8% | −0.1 pts | −371 sh | −7% |
| New | NVENT ELECTRIC PLC (NVT) | — | 0.1% | +0.1 pts | +2,422 sh | new |
| New | ISHARES TR (IEFA) | — | 0.1% | +0.1 pts | +2,645 sh | new |
| Exited | AVIS BUDGET GROUP (CAR) | 0.1% | — | −0.1 pts | −1,210 sh | −100% |
| Exited | INTUITIVE SURGICAL INC (ISRG) | 0.1% | — | −0.1 pts | −375 sh | −100% |
| Exited | STRYKER CORPORATION (SYK) | 0.1% | — | −0.1 pts | −508 sh | −100% |
| Reduced | PENNANTPARK INVT CORP (PNNT) | 0.1% | 0.0% | −0.1 pts | −31,000 sh | −69% |
| New | OMEGA HEALTHCARE INVS INC (OHI) | — | 0.1% | +0.1 pts | +4,911 sh | new |
| New | US BANCORP DEL (USB) | — | 0.0% | 0.0 pts | +4,184 sh | new |
| New | VANGUARD INDEX FDS (VTV) | — | 0.0% | 0.0 pts | +1,073 sh | new |
| Increased | NOVO-NORDISK A S (NVO) | 1.0% | 0.8% | −0.2 pts | +3,105 sh | +6% |
| Reduced | CVS HEALTH CORP (CVS) | 0.2% | 0.2% | 0.0 pts | −2,189 sh | −19% |
| Reduced | DEUTSCHE BANK A G (DB) | 0.1% | 0.1% | 0.0 pts | −4,000 sh | −33% |
| New | GOLUB CAP BDC INC (GBDC) | — | 0.0% | 0.0 pts | +10,175 sh | new |
| Reduced | COMCAST CORP NEW (CMCSA) | 0.8% | 0.6% | −0.2 pts | −4,425 sh | −5% |
| Increased | SELECT SECTOR SPDR TR (XLU) | 1.7% | 1.7% | 0.0 pts | +1,578 sh | +2% |
| Increased | CONOCOPHILLIPS (COP) | 0.1% | 0.1% | 0.0 pts | +1,403 sh | +44% |
| Increased | LINDE PLC (LIN) | 0.2% | 0.2% | 0.0 pts | +276 sh | +23% |
| Reduced | ORACLE CORP (ORCL) | 1.5% | 1.8% | +0.2 pts | −461 sh | −2% |
| Reduced | CBRE GROUP INC (CBRE) | 1.0% | 1.0% | 0.0 pts | −800 sh | −3% |
| Reduced | SYNCHRONY FINANCIAL (SYF) | 0.2% | 0.1% | 0.0 pts | −1,759 sh | −17% |
The 50 largest of 141 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 27.6% of the equity book
Changes in the top 10 this quarter: ABBV entered · ADBE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 5.8% | 6.4% | |
| 2 | APPLE INC (AAPL) | 4.2% | 4.6% | |
| 3 | MICROSOFT CORP (MSFT) | 3.8% | 3.6% | |
| 4 | ISHARES GOLD TR (IAU) | 2.1% | 2.2% | |
| 5 | PALANTIR TECHNOLOGIES INC (PLTR) | 1.8% | 2.2% | |
| 6 | CHEVRON CORP NEW (CVX) | 2.2% | 2.1% | |
| 7 | ORACLE CORP (ORCL) | 1.5% | 1.8% | |
| 8 | SELECT SECTOR SPDR TR (XLU) | 1.7% | 1.7% | |
| 9 | NORFOLK SOUTHN CORP (NSC) | 1.5% | 1.6% | |
| 10 | ABBVIE INC (ABBV) | 1.4% | 1.5% | Entered the top 10 |
| — | ADOBE INC (ADBE) | 1.8% | 1.5% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).