MERIDIAN INVESTMENT COUNSEL INC.

Q4 2025 13F-HR Holdings

Location
Lafayette, CA
Holdings as of
12/31/2025
Date filed
1/20/2026
Form type
13F-HR
Num holdings
239
Total value ($000)
$415,018
Net value change ($000)
+10,116 (2.5%)
New positions
11
Sold out positions
4
Turnover %
1.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/23/2025 Next filing: 4/28/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
Q 1,724 NEW
GILD 1,592 67.7%
COF 1,054 40.2%
LIN 957 138.1%
IAU 893 9.8%
MU 763 122.5%
UBER 735 36.5%
GBDC 731 525.9%
B 683 30.3%
SLRC 632 NEW
Top Reduces (Value $000, Stocks/ETFs)
ORCL -2,249 -31.5%
CVX -1,968 -22.8%
DD -1,581 -48.3%
MSFT -956 -6.6%
HD -762 -15.4%
PLTR -621 -7.1%
REGN -480 -100.0%
AXON -416 -20.9%
DOC -398 -14.0%
NSC -376 -5.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type