# MERIDIAN INVESTMENT COUNSEL INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1427351. Source: https://holderbook.com/funds/1427351-meridian-investment-counsel-inc/

- Reported value: $465.9M
- Positions: 250
- Weight of the ten largest: 26.2%
- Filed: 2026-07-23

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $38.3M | 80,217 | 8.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.2M | 69,901 | 4.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.2M | 27,458 | 2.2% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $9.5M | 8,225 | 2.0% | 4 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $8.9M | 117,933 | 1.9% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $8.0M | 47,992 | 1.7% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $7.2M | 158,645 | 1.5% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $6.7M | 22,352 | 1.4% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.5M | 113,224 | 1.4% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.4M | 25,506 | 1.4% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $6.4M | 20,292 | 1.4% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $6.0M | 52,792 | 1.3% | 31 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $6.0M | 18,063 | 1.3% | 31 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $5.8M | 35,257 | 1.2% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.8M | 22,704 | 1.2% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $5.8M | 8,192 | 1.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $5.7M | 26,636 | 1.2% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $5.5M | 27,209 | 1.2% | 4 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $5.4M | 32,948 | 1.2% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $5.1M | 43,915 | 1.1% | 23 |
| CAPITAL GROUP INTL FOCUS EQT | [CGXU](https://holderbook.com/stocks/CGXU/) | $5.0M | 143,090 | 1.1% | 6 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $4.8M | 26,122 | 1.0% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.5M | 7,950 | 1.0% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $4.4M | 5,745 | 0.9% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.3M | 31,100 | 0.9% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.2M | 12,023 | 0.9% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $4.0M | 21,864 | 0.9% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $4.0M | 31,450 | 0.9% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $4.0M | 7,568 | 0.8% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.9M | 33,546 | 0.8% | 31 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $3.7M | 43,720 | 0.8% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.7M | 11,742 | 0.8% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.7M | 25,029 | 0.8% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.7M | 3,115 | 0.8% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.6M | 7,263 | 0.8% | 24 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $3.6M | 57,653 | 0.8% | 30 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.5M | 9,438 | 0.8% | 19 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $3.5M | 26,084 | 0.8% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $3.5M | 24,951 | 0.7% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $3.4M | 16,755 | 0.7% | 31 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $3.4M | 158,571 | 0.7% | 10 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $3.3M | 4,407 | 0.7% | 23 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $3.2M | 20,053 | 0.7% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 4,137 | 0.7% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $3.1M | 111,277 | 0.7% | 6 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $3.1M | 35,325 | 0.7% | 4 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $3.0M | 63,091 | 0.6% | 31 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $3.0M | 93,573 | 0.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.9M | 8,925 | 0.6% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.9M | 18,205 | 0.6% | 31 |
| SPDR INDEX SHS FDS | [CWI](https://holderbook.com/stocks/CWI/) | $2.9M | 70,239 | 0.6% | 22 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $2.8M | 55,500 | 0.6% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.8M | 23,368 | 0.6% | 9 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.7M | 7,990 | 0.6% | 31 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $2.7M | 72,184 | 0.6% | 5 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $2.6M | 69,487 | 0.6% | 4 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $2.6M | 9,053 | 0.6% | 28 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.5M | 6,995 | 0.5% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.5M | 3,346 | 0.5% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.5M | 8,728 | 0.5% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $2.4M | 33,732 | 0.5% | 5 |
| FRANKLIN TEMPLETON ETF TR | [FLGB](https://holderbook.com/stocks/FLGB/) | $2.4M | 68,575 | 0.5% | 22 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.4M | 24,244 | 0.5% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.3M | 6,495 | 0.5% | 21 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.3M | 16,590 | 0.5% | 10 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.3M | 53,454 | 0.5% | 31 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $2.2M | 4,655 | 0.5% | 1 |
| ARCBEST CORP | [ARCB](https://holderbook.com/stocks/ARCB/) | $2.2M | 15,235 | 0.5% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $2.1M | 4,110 | 0.5% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.1M | 3,097 | 0.5% | 20 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.1M | 26,711 | 0.4% | 31 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $2.1M | 9,250 | 0.4% | 23 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.0M | 24,368 | 0.4% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $2.0M | 2,062 | 0.4% | 5 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.9M | 22,334 | 0.4% | 6 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.9M | 12,568 | 0.4% | 31 |
| SPDR SERIES TRUST | [DGT](https://holderbook.com/stocks/DGT/) | $1.8M | 9,971 | 0.4% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.8M | 9,132 | 0.4% | 24 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.8M | 34,348 | 0.4% | 21 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $1.8M | 49,235 | 0.4% | 31 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $1.8M | 5,030 | 0.4% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.8M | 24,893 | 0.4% | 31 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $1.8M | 33,587 | 0.4% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.7M | 71,090 | 0.4% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,926 | 0.4% | 22 |
| SPDR SERIES TRUST | [XES](https://holderbook.com/stocks/XES/) | $1.7M | 15,295 | 0.4% | 12 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.7M | 5,444 | 0.4% | 30 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $1.6M | 13,816 | 0.3% | 31 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $1.6M | 2,779 | 0.3% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.5M | 2 | 0.3% | 6 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $1.5M | 52,900 | 0.3% | 31 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.5M | 23,215 | 0.3% | 31 |
| WINNEBAGO INDS INC | [WGO](https://holderbook.com/stocks/WGO/) | $1.4M | 45,982 | 0.3% | 31 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $1.4M | 6,522 | 0.3% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 10,360 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.4M | 6,710 | 0.3% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.4M | 5,796 | 0.3% | 27 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $1.4M | 5,710 | 0.3% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.3M | 15,053 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.3M | 21,766 | 0.3% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.5% | +14.8% | -2.3% | 100% |
| Q1 2026 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.4% | 100% |
| Q3 2025 | +9.0% | +7.8% | +1.2% | 100% |
| Q2 2025 | +7.0% | +10.5% | -3.5% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.1% | 100% |
| Q4 2024 | -0.6% | +2.1% | -2.8% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $465.9M | 250 |
| Q1 2026 | $419.9M | 237 |
| Q4 2025 | $415.0M | 239 |
| Q3 2025 | $404.9M | 233 |
| Q2 2025 | $367.5M | 224 |
| Q1 2025 | $339.7M | 211 |
| Q4 2024 | $335.0M | 213 |
| Q3 2024 | $330.9M | 212 |
| Q2 2024 | $316.2M | 213 |
| Q1 2024 | $300.7M | 206 |
| Q4 2023 | $291.3M | 206 |
| Q3 2023 | $266.9M | 204 |