MERIDIAN INVESTMENT COUNSEL INC.

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CIK 1427351

13F portfolio (2026-Q1)

$420M

Positions

237

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

237

Top 5

18.3%

Top 10

25.9%

Effective N

71.7

HHI

0.014

This quarter

10 new · 0 exit →

By sector

Unclassified29.5%

Information Technology25.1%

Financials9.7%

Industrials7.1%

Health Care6.5%

Consumer Discretionary6.4%

Energy4.1%

Communication Services3.4%

Other8.3%

By market cap

Unknown39.7%

Mega (>$200B)30.4%

Large ($10–200B)27.7%

Mid ($2–10B)1.7%

Small ($300M–2B)0.6%

By region

North America62.6%

Other29.5%

Asia-Pacific7.1%

Europe0.8%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	30.55%	83
Semiconductors & Semiconductor Equipment	9.40%	7
Software	7.39%	9
Technology Hardware & Equipment	5.77%	6
Pharmaceuticals & Biotechnology	5.72%	10
Banks	4.32%	11
Oil, Gas & Consumable Fuels	4.08%	12
Insurance	3.77%	10
Specialty Retail	3.09%	5
Road & Rail	2.51%	4
Software & IT Services	2.22%	5
Utilities	1.96%	6
Aerospace & Defense	1.72%	5
Metals & Mining	1.64%	4
Electrical Equipment & Components	1.50%	3
Distributors	1.35%	4
Machinery	1.25%	10
Airlines	1.00%	1
Equity Real Estate Investment Trusts (REITs)	0.99%	3
Hotels, Restaurants & Leisure	0.91%	5
Chemicals	0.86%	4
Real Estate Management & Development	0.84%	1
Tobacco	0.82%	1
Health Care Equipment & Supplies	0.79%	4
Automobiles & Components	0.74%	2
Diversified Telecommunication Services	0.73%	2
Communications Equipment	0.72%	1
Commercial Services & Supplies	0.69%	3
Media & Entertainment	0.68%	2
Beverages	0.50%	3
Capital Markets	0.42%	2
Textiles, Apparel & Luxury Goods	0.33%	2
Food Products	0.21%	2
Food & Staples Retailing	0.16%	1
Agricultural Products	0.13%	1
Construction Materials	0.11%	1
Paper & Forest Products	0.10%	1
Entertainment	0.07%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	TSM	Taiwan Semiconductor Manufacturing Co Ltd	Information Technology	6.81%
2	AAPL	Apple Inc.	Information Technology	4.28%
3	IAU	ISHARES GOLD TR	Unclassified	2.56%
4	MSFT	MICROSOFT CORP	Information Technology	2.46%
5	CVX	CHEVRON CORP	Energy	2.15%
6	XLU	SELECT SECTOR SPDR TR	Unclassified	1.76%
7	PLTR	Palantir Technologies Inc.	Information Technology	1.59%
8	WMT	Walmart Inc.	Consumer Discretionary	1.57%
9	NSC	NORFOLK SOUTHERN CORP	Industrials	1.41%
10	ABBV	AbbVie Inc.	Health Care	1.36%

155/237 names classified · sector 70.5% of weight · industry 69.5% · mkt cap 60.3%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 50 quarters

Information TechnologyTSM, AAPL, MSFT, ADBE, INTC · other

Health CareJNJ, ABBV, PFE, SIBN, GILD · other

FinancialsBAC, TRV, MET, BRK.B, COF · other

Consumer DiscretionaryWGO, HD, WMT, GPC, MCK · other

IndustrialsNSC, FDX, MMM, HON, LHX · other

EnergyCVX, BP, XOM, SLB, EQT · other

Communication ServicesT, CMCSA, VZ, VOD, META · other

Real EstateWY, CBRE, BXMT, OHI, DOC · other

Consumer StaplesTAP, CVS, BTI, PEP, KDP · other

MaterialsOI, DD, FCX, NUE, B · other

UtilitiesKMI, NEE, DUK, AEP, EPD · other

UnclassifiedIAU, WALGREENS BOOTS ALLIANCE INC, XLU, CABELAS INC, VODAFONE GP PLC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 70.5% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (135 classified)MERIDIAN INVESTMENT COUNSEL INC. centroid (Large Core)

Information TechnologyFinancialsIndustrialsConsumer DiscretionaryHealth CareCommunication ServicesEnergyUtilitiesMaterialsReal EstateConsumer Staples

Style box summary for MERIDIAN INVESTMENT COUNSEL INC.: centroid Large Core. Heaviest cells: Large Core 16.4%, Large Value 14.8%, Large Growth 13.0%.

Classified: 56.7% of book weight (135/237 names) · unclassified 43.3%: TSM, IAU, XLU, IWM, MDY, RSP, BRK.B, XLI, CGXU, IGM +92 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 237 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	TSMTAIWAN SEMICONDUCTOR MFG LTD	84,644	$29M	6.8%	HOLD
2	AAPLAPPLE INC	70,875	$18M	4.3%	HOLD
3	IAUISHARES GOLD TR	121,970	$11M	2.6%	HOLD
4	MSFTMICROSOFT CORP	27,939	$10M	2.5%	HOLD
5	CVXCHEVRON CORP NEW	43,539	$9M	2.1%	HOLD
6	XLUSELECT SECTOR SPDR TR	160,638	$7M	1.8%	ADD 2%
7	PLTRPALANTIR TECHNOLOGIES INC	45,515	$7M	1.6%	HOLD
8	WMTWALMART INC	52,974	$7M	1.6%	HOLD
9	NSCNORFOLK SOUTHN CORP	20,593	$6M	1.4%	HOLD
10	ABBVABBVIE INC	26,331	$6M	1.4%	HOLD
11	JNJJOHNSON & JOHNSON	23,427	$6M	1.4%	HOLD
12	IWMISHARES TR	22,427	$6M	1.3%	ADD 3%
13	TRVTRAVELERS COMPANIES INC	18,363	$5M	1.3%	HOLD
14	MDYSPDR S&P MIDCAP 400 ETF TR	8,550	$5M	1.3%	HOLD
15	RSPINVESCO EXCHANGE TRADED FD T	26,759	$5M	1.2%	HOLD
16	COFCAPITAL ONE FINL CORP	25,195	$5M	1.1%	ADD 66%
17	BRK.BBERKSHIRE HATHAWAY INC DEL	9,405	$5M	1.1%	TRIM −8%
18	GILDGILEAD SCIENCES INC	32,150	$4M	1.1%	HOLD
19	XLISELECT SECTOR SPDR TR	26,892	$4M	1.0%	ADD 2%
20	CGXUCapital Group International Focus - ETF	144,390	$4M	1.0%	HOLD
21	FDXFEDEX CORP	11,812	$4M	1.0%	HOLD
22	IGMISHARES TR	35,257	$4M	1.0%	HOLD
23	ADBEADOBE INC	16,850	$4M	1.0%	HOLD
24	BACBANK AMERICA CORP	82,249	$4M	1.0%	HOLD
25	HDHOME DEPOT INC	12,031	$4M	0.9%	HOLD
26	METAMETA PLATFORMS INC	6,873	$4M	0.9%	HOLD
27	ORCLORACLE CORP	25,048	$4M	0.9%	HOLD
28	CBRECBRE GROUP INC	26,084	$4M	0.8%	HOLD
29	DIASPDR DOW JONES INDL AVERAGE	7,568	$4M	0.8%	HOLD
30	QQNITY ELECTRONICS INC	30,251	$3M	0.8%	ADD 43%
31	BTIBRITISH AMERN TOB PLC	58,837	$3M	0.8%	HOLD
32	MCKMCKESSON CORP	3,904	$3M	0.8%	HOLD
33	METMETLIFE INC	46,635	$3M	0.8%	TRIM −6%
34	KMIKINDER MORGAN INC DEL	97,108	$3M	0.8%	HOLD
35	LHXL3HARRIS TECHNOLOGIES INC	9,298	$3M	0.8%	HOLD
36	SPYSTATE STR SPDR S&P 500 ETF T	4,759	$3M	0.7%	TRIM −3%
37	QCOMQUALCOMM INC	23,359	$3M	0.7%	TRIM −14%
38	MUMICRON TECHNOLOGY INC	8,855	$3M	0.7%	ADD 82%
39	BBARRICK MNG CORP	72,879	$3M	0.7%	ADD 8%
40	CPCANADIAN PACIFIC KANSAS CITY	37,310	$3M	0.7%	HOLD
41	XLBSELECT SECTOR SPDR TR	58,600	$3M	0.7%	HOLD
42	BRK.ABERKSHIRE HATHAWAY INC DEL	4	$3M	0.7%	HOLD
43	CCITIGROUP INC	25,176	$3M	0.7%	HOLD
44	SCHFSCHWAB STRATEGIC TR	112,702	$3M	0.7%	ADD 7%
45	GEVGE VERNOVA INC	3,147	$3M	0.7%	HOLD
46	GEGE AEROSPACE	9,537	$3M	0.6%	HOLD
47	XLVSELECT SECTOR SPDR TR	18,305	$3M	0.6%	HOLD
48	CSCOCISCO SYS INC	34,546	$3M	0.6%	ADD 33%
49	DOCHEALTHPEAK PROPERTIES INC	159,891	$3M	0.6%	ADD 5%
50	CWISPDR INDEX SHS FDS	71,239	$3M	0.6%	HOLD
51	JPMJPMORGAN CHASE & CO	8,835	$3M	0.6%	HOLD
52	XBISPDR SERIES TRUST	19,578	$3M	0.6%	ADD 37%
53	AMGNAMGEN INC	7,040	$2M	0.6%	HOLD
54	UBERUBER TECHNOLOGIES INC	33,999	$2M	0.6%	HOLD
55	MDTMEDTRONIC PLC	28,125	$2M	0.6%	HOLD
56	FLGBFRANKLIN TEMPLETON ETF TR	69,275	$2M	0.6%	ADD 2%
57	BPBP PLC	50,202	$2M	0.6%	HOLD
58	CBCHUBB LIMITED	7,184	$2M	0.6%	HOLD
59	XESSPDR SERIES TRUST	19,775	$2M	0.5%	ADD 17%
60	NVONOVO-NORDISK A S	62,192	$2M	0.5%	HOLD
61	FNDASCHWAB STRATEGIC TR	70,428	$2M	0.5%	ADD 3%
62	CRWDCROWDSTRIKE HLDGS INC	5,824	$2M	0.5%	NEW
63	NVDANVIDIA CORPORATION	13,032	$2M	0.5%	ADD 4%
64	GOOGALPHABET INC	7,838	$2M	0.5%	ADD 4%
65	AEPAMERICAN ELEC PWR CO INC	17,115	$2M	0.5%	HOLD
66	VXUSVANGUARD STAR FDS	27,902	$2M	0.5%	ADD 15%
67	IBMINTERNATIONAL BUSINESS MACHS	8,858	$2M	0.5%	HOLD
68	CMCSACOMCAST CORP NEW	74,560	$2M	0.5%	HOLD
69	HONHONEYWELL INTL INC	9,230	$2M	0.5%	HOLD
70	LINLINDE PLC	4,180	$2M	0.5%	ADD 8%
71	VGTVANGUARD WORLD FD	2,943	$2M	0.5%	HOLD
72	QQQINVESCO QQQ TR	3,446	$2M	0.5%	TRIM −13%
73	VZVERIZON COMMUNICATIONS INC	38,658	$2M	0.5%	TRIM −5%
74	VOOVANGUARD INDEX FDS	3,225	$2M	0.5%	HOLD
75	WFCWELLS FARGO CO NEW	24,183	$2M	0.5%	HOLD
76	NOWSERVICENOW INC	18,412	$2M	0.5%	NEW
77	WGOWINNEBAGO INDS INC	61,929	$2M	0.5%	TRIM −9%
78	GOOGLALPHABET INC	6,475	$2M	0.4%	ADD 5%
79	XOMEXXON MOBIL CORP	10,885	$2M	0.4%	TRIM −4%
80	XLESELECT SECTOR SPDR TR	28,970	$2M	0.4%	HOLD
81	EGEVEREST GROUP LTD	5,355	$2M	0.4%	HOLD
82	DGTSPDR SERIES TRUST	10,221	$2M	0.4%	HOLD
83	VBVANGUARD INDEX FDS	6,611	$2M	0.4%	ADD 3%
84	FNDFSCHWAB STRATEGIC TR	33,049	$2M	0.4%	ADD 18%
85	VEAVANGUARD TAX-MANAGED FDS	24,845	$2M	0.4%	HOLD
86	NUENUCOR CORP	9,320	$2M	0.4%	TRIM −4%
87	IJRISHARES TR	12,518	$2M	0.4%	ADD 2%
88	PFEPFIZER INC	54,925	$2M	0.4%	TRIM −14%
89	ARCBARCBEST CORP	15,235	$1M	0.4%	HOLD
90	GPCGENUINE PARTS CO	14,016	$1M	0.4%	TRIM −3%
91	MGMMGM RESORTS INTERNATIONAL	39,550	$1M	0.3%	TRIM −3%
92	INTCINTEL CORP	32,470	$1M	0.3%	HOLD
93	NEENEXTERA ENERGY INC	15,053	$1M	0.3%	HOLD
94	FCXFREEPORT MCMORAN INC	23,715	$1M	0.3%	HOLD
95	MTGMGIC INVT CORP WIS	52,900	$1M	0.3%	HOLD
96	WYWEYERHAEUSER CO	54,189	$1M	0.3%	HOLD
97	GDXVANECK ETF TRUST GOLD MINERS ETF	13,942	$1M	0.3%	ADD 8%
98	RTXRTX CORPORATION	6,544	$1M	0.3%	HOLD
99	AMZNAMAZON COM INC	6,026	$1M	0.3%	HOLD
100	IHIISHARES TR	22,907	$1M	0.3%	HOLD
101	QUALISHARES TR	6,234	$1M	0.3%	HOLD
102	AXONAXON ENTERPRISE INC	2,779	$1M	0.3%	HOLD
103	VWOVANGUARD INTL EQUITY INDEX F	21,766	$1M	0.3%	HOLD
104	TMTOYOTA MOTOR CORP	5,688	$1M	0.3%	HOLD
105	TAT&T INC	39,042	$1M	0.3%	HOLD
106	MSMORGAN STANLEY	6,710	$1M	0.3%	HOLD
107	IXJISHARES TR	11,703	$1M	0.3%	HOLD
108	DOCUDOCUSIGN INC	22,949	$1M	0.3%	TRIM −17%
109	IJKISHARES TR	10,644	$1M	0.3%	HOLD
110	XOPSPDR SERIES TRUST	5,355	$973,700	0.2%	HOLD
111	TPRTAPESTRY INC	6,806	$960,395	0.2%	HOLD
112	COSTCOSTCO WHSL CORP NEW	960	$956,573	0.2%	ADD 2%
113	NEMNEWMONT CORP	8,612	$932,249	0.2%	TRIM −20%
114	VDCVANGUARD WORLD FD	4,138	$929,353	0.2%	HOLD
115	GBDCGOLUB CAP BDC INC	72,400	$916,584	0.2%	ADD 13%
116	KOCOCA COLA CO	12,000	$912,600	0.2%	HOLD
117	SLRCSLR INVESTMENT CORP	62,275	$891,155	0.2%	ADD 52%
118	STXSEAGATE TECHNOLOGY HLDNGS PL	2,269	$888,903	0.2%	HOLD
119	IJJISHARES TR	6,648	$880,860	0.2%	HOLD
120	WHWYNDHAM HOTELS & RESORTS INC	10,735	$872,004	0.2%	HOLD
121	OXYOCCIDENTAL PETE CORP	13,220	$859,300	0.2%	TRIM −8%
122	EMREMERSON ELEC CO	6,394	$837,742	0.2%	ADD 2%
123	ARCCARES CAPITAL CORP	45,840	$826,037	0.2%	ADD 6%
124	VTIVANGUARD INDEX FDS	2,442	$783,418	0.2%	HOLD
125	XLCSELECT SECTOR SPDR TR	6,979	$773,692	0.2%	HOLD
126	IXPISHARES TR	6,500	$746,590	0.2%	HOLD
127	IBRXIMMUNITYBIO INC	96,433	$739,641	0.2%	HOLD
128	WBDWARNER BROS DISCOVERY INC	26,750	$734,555	0.2%	TRIM −2%
129	JCIJOHNSON CONTROLS INTERNATION	5,416	$709,225	0.2%	HOLD
130	RDDTREDDIT INC	5,242	$705,835	0.2%	ADD 25%
131	LECOLINCOLN ELEC HLDGS INC	2,751	$685,219	0.2%	HOLD
132	IJHISHARES TR	9,966	$673,004	0.2%	HOLD
133	TNLTRAVEL PLUS LEISURE CO	9,675	$669,413	0.2%	HOLD
134	CVSCVS HEALTH CORP	9,195	$660,385	0.2%	HOLD
135	SLBSCHLUMBERGER LTD	12,850	$660,362	0.2%	TRIM −51%
136	BLKBLACKROCK INC	684	$657,810	0.2%	HOLD
137	DDDUPONT DE NEMOURS INC	14,234	$651,917	0.2%	TRIM −66%
138	PGPROCTER AND GAMBLE CO	4,457	$643,765	0.2%	HOLD
139	DFASDIMENSIONAL ETF TRUST	8,799	$625,873	0.1%	HOLD
140	PTLCPACER FDS TR	11,850	$621,651	0.1%	HOLD
141	CVECENOVUS ENERGY INC	23,275	$617,486	0.1%	HOLD
142	EWTISHARES INC MSCI TAIWAN ETF	8,674	$615,160	0.1%	TRIM −13%
143	TAPMOLSON COORS BEVERAGE CO	14,109	$607,534	0.1%	TRIM −10%
144	COPCONOCOPHILLIPS	4,593	$606,276	0.1%	HOLD
145	ADPAUTOMATIC DATA PROCESSING IN	2,880	$585,158	0.1%	TRIM −12%
146	PEPPEPSICO INC	3,762	$584,201	0.1%	HOLD
147	CTRACOTERRA ENERGY INC	16,315	$573,309	0.1%	HOLD
148	VHTVANGUARD WORLD FD	2,100	$571,893	0.1%	HOLD
149	ASMLASML HOLDING N V	428	$565,315	0.1%	HOLD
150	CTVACORTEVA INC	6,751	$565,126	0.1%	TRIM −6%
151	ALLALLSTATE CORP	2,712	$562,306	0.1%	NEW
152	DUKDUKE ENERGY CORP NEW	4,190	$548,639	0.1%	HOLD
153	TELTE CONNECTIVITY PLC	2,624	$548,468	0.1%	HOLD
154	CRMSALESFORCE INC	2,905	$542,276	0.1%	HOLD
155	IVVISHARES TR	810	$529,100	0.1%	HOLD
156	UTFCOHEN & STEERS INFRASTRUCTUR	20,281	$524,872	0.1%	TRIM −3%
157	LRCXLAM RESEARCH CORP	2,450	$523,467	0.1%	TRIM −14%
158	JAAAJANUS DETROIT STR TR	10,150	$511,256	0.1%	TRIM −16%
159	ALLYALLY FINL INC	12,950	$508,029	0.1%	HOLD
160	SYFSYNCHRONY FINANCIAL	7,459	$507,361	0.1%	TRIM −12%
161	MSIFMSC INCOME FUND INC	40,700	$495,726	0.1%	ADD 150%
162	VOXVANGUARD WORLD FD	2,713	$487,906	0.1%	HOLD
163	MCDMCDONALDS CORP	1,506	$468,050	0.1%	ADD 4%
164	ETNEATON CORP PLC	1,301	$465,329	0.1%	HOLD
165	IBBISHARES TR	2,734	$461,636	0.1%	ADD 2%
166	MRKMERCK & CO INC	3,793	$456,260	0.1%	TRIM −15%
167	CETCENTRAL SECS CORP	9,175	$455,631	0.1%	TRIM −10%
168	ACHRARCHER AVIATION INC	86,950	$449,532	0.1%	ADD 98%
169	OIO-I GLASS INC	42,100	$442,471	0.1%	TRIM −6%
170	MFICMIDCAP FINANCIAL INVSTMNT CO	39,113	$439,630	0.1%	ADD 4%
171	AMDADVANCED MICRO DEVICES INC	2,160	$439,409	0.1%	ADD 11%
172	HSYHERSHEY CO	2,100	$436,569	0.1%	HOLD
173	MDLZMONDELEZ INTL INC	7,570	$436,335	0.1%	HOLD
174	MDBMONGODB INC	1,742	$426,389	0.1%	HOLD
175	EFAISHARES TR	4,323	$419,893	0.1%	HOLD
176	KMBKIMBERLY-CLARK CORP	4,246	$409,612	0.1%	TRIM −12%
177	CTASCINTAS CORP	2,400	$405,936	0.1%	HOLD
178	ETRENTERGY CORP NEW	3,600	$404,496	0.1%	HOLD
179	GEHCGE HEALTHCARE TECHNOLOGIES I	5,437	$387,028	0.1%	TRIM −8%
180	VGKVANGUARD INTL EQUITY INDEX F	4,692	$386,762	0.1%	ADD 16%
181	BNYBANK NEW YORK MELLON CORP	3,200	$379,616	0.1%	HOLD
182	CGWINVESCO EXCH TRADED FD TR II	5,900	$377,246	0.1%	HOLD
183	ABTABBOTT LABS	3,621	$371,768	0.1%	ADD 11%
184	SOSOUTHERN CO	3,802	$366,969	0.1%	HOLD
185	SPLVINVESCO EXCH TRADED FD TR II	4,948	$361,897	0.1%	HOLD
186	SBUXSTARBUCKS CORP	3,693	$330,856	0.1%	HOLD
187	VNQVANGUARD INDEX FDS	3,698	$328,013	0.1%	HOLD
188	LNCLINCOLN NATL CORP IND	9,097	$322,944	0.1%	HOLD
189	ENBENBRIDGE INC	5,929	$321,018	0.1%	HOLD
190	IWRISHARES TR	3,275	$318,428	0.1%	HOLD
191	DFIVDIMENSIONAL ETF TRUST	6,005	$316,944	0.1%	HOLD
192	TYTRI CONTL CORP	9,755	$308,160	0.1%	HOLD
193	USMVISHARES TR	3,284	$304,558	0.1%	HOLD
194	BPOPPOPULAR INC	2,250	$301,883	0.1%	HOLD
195	VTVVANGUARD INDEX FDS	1,532	$300,578	0.1%	HOLD
196	FNDXSCHWAB STRATEGIC TR	10,637	$296,240	0.1%	HOLD
197	RNRRENAISSANCERE HLDGS LTD	970	$288,313	0.1%	HOLD
198	EQTEQT CORP	4,514	$287,271	0.1%	HOLD
199	HPEHEWLETT PACKARD ENTERPRISE C	11,994	$285,577	0.1%	TRIM −19%
200	PNRPENTAIR PLC	3,241	$282,324	0.1%	HOLD

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

TSMTAIWAN SEMICONDUCTOR MFG LTD

96K

95K

94K

92K

86K

85K

$29M

AAPLAPPLE INC

77K

76K

74K

71K

$18M

IAUISHARES GOLD TR

126K

125K

123K

122K

$11M

MSFTMICROSOFT CORP

27K

28K

$10M

CVXCHEVRON CORP NEW

55K

56K

44K

$9M

XLUSELECT SECTOR SPDR TR

74K

75K

77K

79K

157K

161K

$7M

PLTRPALANTIR TECHNOLOGIES INC

58K

55K

50K

48K

46K

$7M

WMTWALMART INC

54K

53K

$7M

NSCNORFOLK SOUTHN CORP

21K

$6M

ABBVABBVIE INC

27K

26K

$6M

JNJJOHNSON & JOHNSON

23K

24K

23K

$6M

IWMISHARES TR

14K

18K

20K

22K

$6M

TRVTRAVELERS COMPANIES INC

18K

$5M

MDYSPDR S&P MIDCAP 400 ETF TR

$5M

RSPINVESCO EXCHANGE TRADED FD T

24K

28K

27K

$5M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆MERIDIAN INVESTMENT COUNSEL INC.