MERIDIAN INVESTMENT COUNSEL INC's Q4 2025 13F: 10 new positions, 5 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Jan 20, 2026 · 239 reported positions · accession 0001427351-26-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 6.4% | 6.3% | −0.1 pts | −6,553 sh | −7% |
| Reduced | CHEVRON CORP NEW (CVX) | 2.1% | 1.6% | −0.5 pts | −11,856 sh | −21% |
| New |
QNITY ELECTRONICS INC (Q)
new — newly listed security (e.g. spin-off)
|
— | 0.4% | +0.4 pts | +21,117 sh | new |
| Increased | GILEAD SCIENCES INC (GILD) | 0.6% | 0.9% | +0.4 pts | +10,953 sh | +52% |
| Increased | UBER TECHNOLOGIES INC (UBER) | 0.5% | 0.7% | +0.2 pts | +13,090 sh | +64% |
| Increased | LINDE PLC (LIN) | 0.2% | 0.4% | +0.2 pts | +2,411 sh | +165% |
| Reduced | APPLE INC (AAPL) | 4.6% | 4.6% | 0.0 pts | −2,834 sh | −4% |
| Increased | GOLUB CAP BDC INC (GBDC) | 0.0% | 0.2% | +0.2 pts | +53,960 sh | +530% |
| Increased | CAPITAL ONE FINL CORP (COF) | 0.6% | 0.9% | +0.2 pts | +2,835 sh | +23% |
| New | SLR INVESTMENT CORP (SLRC) | — | 0.2% | +0.2 pts | +40,875 sh | new |
| Increased | ISHARES TR (IWM) | 1.2% | 1.3% | +0.1 pts | +2,166 sh | +11% |
| Increased | SLB LIMITED (SLB) | 0.1% | 0.2% | +0.1 pts | +13,300 sh | +102% |
| Exited | REGENERON PHARMACEUTICALS (REGN) | 0.1% | — | −0.1 pts | −854 sh | −100% |
| Reduced | FEDEX CORP (FDX) | 0.8% | 0.8% | 0.0 pts | −1,521 sh | −11% |
| Reduced | PALANTIR TECHNOLOGIES INC (PLTR) | 2.2% | 1.9% | −0.2 pts | −2,239 sh | −5% |
| Increased | META PLATFORMS INC (META) | 1.1% | 1.1% | 0.0 pts | +590 sh | +9% |
| Reduced | KEURIG DR PEPPER INC (KDP) | 0.2% | 0.1% | −0.1 pts | −13,820 sh | −53% |
| Increased | CANADIAN PACIFIC KANSAS CITY (CP) | 0.6% | 0.7% | +0.1 pts | +5,010 sh | +15% |
| Increased | JANUS DETROIT STR TR (JAAA) | 0.1% | 0.1% | +0.1 pts | +7,200 sh | +145% |
| Increased | NOVO-NORDISK A S (NVO) | 0.8% | 0.8% | 0.0 pts | +6,760 sh | +12% |
| Increased | VANGUARD STAR FDS (VXUS) | 0.4% | 0.4% | +0.1 pts | +4,552 sh | +23% |
| Reduced | MOLSON COORS BEVERAGE CO (TAP) | 0.3% | 0.2% | −0.1 pts | −7,310 sh | −32% |
| New | VANGUARD INTL EQUITY INDEX F (VGK) | — | 0.1% | +0.1 pts | +4,042 sh | new |
| Increased | MICRON TECHNOLOGY INC (MU) | 0.2% | 0.3% | +0.2 pts | +1,135 sh | +31% |
| New | TRI CONTL CORP (TY) | — | 0.1% | +0.1 pts | +9,755 sh | new |
| Increased | REDDIT INC (RDDT) | 0.2% | 0.2% | +0.1 pts | +1,336 sh | +47% |
| Reduced | WARNER BROS DISCOVERY INC (WBD) | 0.2% | 0.2% | 0.0 pts | −10,070 sh | −27% |
| Reduced | TEGNA INC (TGNA) | 0.3% | 0.2% | −0.1 pts | −14,717 sh | −25% |
| New | RENAISSANCERE HLDGS LTD (RNR) | — | 0.1% | +0.1 pts | +970 sh | new |
| Reduced | INVESCO QQQ TR (QQQ) | 0.6% | 0.6% | −0.1 pts | −430 sh | −10% |
| Reduced | WYNDHAM HOTELS & RESORTS INC (WH) | 0.3% | 0.2% | −0.1 pts | −3,434 sh | −24% |
| Increased | EVEREST GROUP LTD (EG) | 0.4% | 0.4% | 0.0 pts | +735 sh | +16% |
| New | VANGUARD INDEX FDS (VUG) | — | 0.1% | +0.1 pts | +509 sh | new |
| New | CARDINAL HEALTH INC (CAH) | — | 0.1% | +0.1 pts | +1,142 sh | new |
| Exited | BLOCK INC (XYZ) | 0.1% | — | −0.1 pts | −3,065 sh | −100% |
| New | CATERPILLAR INC (CAT) | — | 0.1% | +0.1 pts | +392 sh | new |
| Exited | CARRIER GLOBAL CORPORATION (CARR) | 0.1% | — | −0.1 pts | −3,634 sh | −100% |
| Exited | NETFLIX INC (NFLX) | 0.1% | — | −0.1 pts | −177 sh | −100% |
| New | MSC INCOME FUND INC (MSCF) | — | 0.1% | +0.1 pts | +16,250 sh | new |
| New | INTUITIVE SURGICAL INC (ISRG) | — | 0.1% | +0.1 pts | +376 sh | new |
| New | TJX COS INC NEW (TJX) | — | 0.1% | +0.1 pts | +1,374 sh | new |
| Reduced | INVESCO EXCHANGE TRADED FD T (RSP) | 1.3% | 1.2% | −0.1 pts | −1,026 sh | −4% |
| Increased | SELECT SECTOR SPDR TR (XLI) | 1.0% | 1.0% | 0.0 pts | +1,253 sh | +5% |
| Increased | CAPITAL GROUP INTL FOCUS EQT (CGXU) | 1.0% | 1.0% | 0.0 pts | +6,550 sh | +5% |
| Reduced | GE AEROSPACE (GE) | 0.8% | 0.7% | 0.0 pts | −626 sh | −6% |
| Increased | VANGUARD INDEX FDS (VB) | 0.4% | 0.4% | 0.0 pts | +724 sh | +13% |
| Reduced | WEYERHAEUSER CO MTN BE (WY) | 0.4% | 0.3% | −0.1 pts | −7,450 sh | −12% |
| Increased | SCHWAB STRATEGIC TR (FNDA) | 0.5% | 0.5% | 0.0 pts | +5,575 sh | +9% |
| Reduced | LAM RESEARCH CORP (LRCX) | 0.1% | 0.1% | 0.0 pts | −1,000 sh | −26% |
| Reduced | ISHARES GOLD TR (IAU) | 2.2% | 2.4% | +0.2 pts | −1,936 sh | −2% |
The 50 largest of 159 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 — 26.1% of the equity book
Changes in the top 10 this quarter: WMT entered · ORCL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 6.4% | 6.3% | |
| 2 | APPLE INC (AAPL) | 4.6% | 4.6% | |
| 3 | MICROSOFT CORP (MSFT) | 3.6% | 3.2% | |
| 4 | ISHARES GOLD TR (IAU) | 2.2% | 2.4% | |
| 5 | PALANTIR TECHNOLOGIES INC (PLTR) | 2.2% | 1.9% | |
| 6 | SELECT SECTOR SPDR TR (XLU) | 1.7% | 1.6% | |
| 7 | CHEVRON CORP NEW (CVX) | 2.1% | 1.6% | |
| 8 | ABBVIE INC (ABBV) | 1.5% | 1.5% | |
| 9 | WALMART INC (WMT) | 1.4% | 1.4% | Entered the top 10 |
| 10 | NORFOLK SOUTHN CORP (NSC) | 1.6% | 1.4% | |
| — | ORACLE CORP (ORCL) | 1.8% | 1.2% | 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).