Meridian Investment Counsel Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Meridian Investment Counsel Inc. reported 250 stock positions worth $465.9 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 8.2% of the portfolio, followed by Apple (AAPL, 4.3%) and Microsoft (MSFT, 2.2%). Compared with Q1 2026, it opened 15 new positions, sold out of 4, added to 37 and reduced 123. The biggest buy was a new position in Astera Labs (ALAB) and the biggest sale iShares Gold Trust (IAU, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- LAFAYETTE, CA
- CIK
- 0001427351
- Portfolio Value
- $465.9M (Q2 2026)
- SEC Filing
- 0001427351-26-000006 ↗ filed Jul 23, 2026
Holdings Value
Holdings 250 stocks · $465.9M
| TSM Taiwan Semiconductor-SP ADR | 8.22% | 80,217 | $38.3M | Reduce -5.2% |
| AAPL Apple Inc. | 4.34% | 69,901 | $20.2M | Reduce -1.4% |
| MSFT Microsoft Corp. | 2.20% | 27,458 | $10.2M | Reduce -1.7% |
| MU Micron Technology Inc. | 2.04% | 8,225 | $9.5M | Reduce -7.1% |
| IAU iShares Gold Trust | 1.91% | 117,933 | $8.9M | Reduce -3.3% |
| CVX Chevron Corp. | 1.71% | 47,992 | $8.0M | Add +10.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.54% | 158,645 | $7.2M | Reduce -1.2% |
| IWM iShares Russell 2000 ETF | 1.44% | 22,352 | $6.7M | Reduce -0.3% |
| BAC Bank of America Corp. | 1.38% | 113,224 | $6.5M | Add +37.7% |
| ABBV Abbvie Inc. | 1.38% | 25,506 | $6.4M | Reduce -3.1% |
| NSC Norfolk Southern Corp. | 1.37% | 20,292 | $6.4M | Reduce -1.5% |
| WMT Walmart Inc. | 1.28% | 52,792 | $6.0M | Reduce -0.3% |
| TRV The Travelers Cos Inc. | 1.28% | 18,063 | $6.0M | Reduce -1.6% |
| IGM iShares Expanded Tech Sector | 1.24% | 35,257 | $5.8M | No change |
| JNJ Johnson & Johnson | 1.24% | 22,704 | $5.8M | Reduce -3.1% |
| MDY State Street SPDR S&P Midcap | 1.24% | 8,192 | $5.8M | Reduce -4.2% |
| RSP Invesco S&P 500 Equal Weight | 1.22% | 26,636 | $5.7M | Reduce -0.5% |
| COF Capital One Financial Corp. | 1.17% | 27,209 | $5.5M | Add +8.0% |
| Q Qnity Electronics Inc. | 1.16% | 32,948 | $5.4M | Add +8.9% |
| PLTR Palantir Technologies Inc. Class A | 1.10% | 43,915 | $5.1M | Reduce -3.5% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 1.06% | 143,090 | $5.0M | Reduce -0.9% |
| XLI SS Industrial Select Sector | 1.04% | 26,122 | $4.8M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.96% | 7,950 | $4.5M | Add +15.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.94% | 5,745 | $4.4M | Reduce -1.4% |
| INTC Intel Corp. | 0.93% | 31,100 | $4.3M | Reduce -4.2% |
| HD Home Depot Inc. | 0.91% | 12,023 | $4.2M | Reduce -0.1% |
| QCOM Qualcomm Inc. | 0.87% | 21,864 | $4.0M | Reduce -6.4% |
| GILD Gilead Sciences Inc. | 0.85% | 31,450 | $4.0M | Reduce -2.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.85% | 7,568 | $4.0M | No change |
| CSCO Cisco Systems Inc. | 0.85% | 33,546 | $3.9M | Reduce -2.9% |
| MET Metlife Inc. | 0.79% | 43,720 | $3.7M | Reduce -6.3% |
| FDX FedEx Corp. | 0.79% | 11,742 | $3.7M | Reduce -0.6% |
| ORCL Oracle Corp. | 0.79% | 25,029 | $3.7M | Reduce -0.1% |
| GEV GE Vernova Inc. | 0.79% | 3,115 | $3.7M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 7,263 | $3.6M | Reduce -22.8% |
| BTI British American Tob-SP ADR | 0.76% | 57,653 | $3.6M | Reduce -2.0% |
| GE General Electric filed as GE AEROSPACE | 0.76% | 9,438 | $3.5M | Reduce -1.0% |
| CBRE CBRE Group Inc. Class A | 0.75% | 26,084 | $3.5M | No change |
| C Citigroup Inc. | 0.75% | 24,951 | $3.5M | Reduce -0.9% |
| ADBE Adobe Inc. | 0.74% | 16,755 | $3.4M | Reduce -0.6% |
| DOC Healthpeak Properties Inc. | 0.73% | 158,571 | $3.4M | Reduce -0.8% |
| MCK McKesson Corp. | 0.71% | 4,407 | $3.3M | Add +12.9% |
| XBI SS SPDR S&P Biotech ETF | 0.68% | 20,053 | $3.2M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.66% | 4,137 | $3.1M | Reduce -13.1% |
| SCHF Schwab Intl Equity ETF | 0.66% | 111,277 | $3.1M | Reduce -1.3% |
| CP Canadian Pacific Kansas City | 0.66% | 35,325 | $3.1M | Reduce -5.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.65% | 63,091 | $3.0M | Add +1.4% |
| KMI Kinder Morgan Inc. | 0.64% | 93,573 | $3.0M | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 0.63% | 8,925 | $2.9M | Add +1.0% |
| XLV SS Health Care Select Sector | 0.62% | 18,205 | $2.9M | Reduce -0.6% |
| CWI State Street SPDR MSCI Acwi | 0.61% | 70,239 | $2.9M | Reduce -1.4% |
| XLB SS Materials Select Sector | 0.61% | 55,500 | $2.8M | Reduce -5.3% |
| VGT Vanguard Info Tech ETF | 0.60% | 23,368 | $2.8M | Reduce -0.8% |
| CB Chubb Ltd. | 0.58% | 7,990 | $2.7M | Add +11.2% |
| B Barrick Mining Corp. | 0.57% | 72,184 | $2.7M | Reduce -0.9% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.57% | 69,487 | $2.6M | Reduce -1.3% |
| LHX L3HARRIS Technologies Inc. | 0.56% | 9,053 | $2.6M | Reduce -2.6% |
| AMGN Amgen Inc. | 0.54% | 6,995 | $2.5M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.53% | 3,346 | $2.5M | Reduce -2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 8,728 | $2.5M | Reduce -1.5% |
| UBER Uber Technologies Inc. | 0.52% | 33,732 | $2.4M | Reduce -0.8% |
| FLGB Franklin Ftse United Kingdom | 0.52% | 68,575 | $2.4M | Reduce -1.0% |
| NOW ServiceNow Inc. | 0.52% | 24,244 | $2.4M | Add +31.7% |
| GOOGL Alphabet Inc. Class A | 0.50% | 6,495 | $2.3M | Add +0.3% |
| AEP American Electric Power | 0.49% | 16,590 | $2.3M | Reduce -3.1% |
| VZ Verizon Communications Inc. | 0.49% | 53,454 | $2.3M | Add +38.3% |
| ALAB Astera Labs Inc. | 0.48% | 4,655 | $2.2M | New |
| ARCB Arcbest Corp. | 0.47% | 15,235 | $2.2M | No change |
| LIN Linde PLC | 0.46% | 4,110 | $2.1M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 0.46% | 3,097 | $2.1M | Reduce -4.0% |
| MDT Medtronic PLC | 0.45% | 26,711 | $2.1M | Reduce -5.0% |
| NUE Nucor Corp. | 0.44% | 9,250 | $2.1M | Reduce -0.8% |
| WFC Wells Fargo & Co. | 0.43% | 24,368 | $2.0M | Add +0.8% |
| STX Seagate Technology Holdings | 0.43% | 2,062 | $2.0M | Reduce -9.1% |
| VXUS Vanguard Total Intl Stock | 0.41% | 22,334 | $1.9M | Reduce -20.0% |
| IJR iShares Core S&P Small-Cap E | 0.40% | 12,568 | $1.9M | Add +0.4% |
| DGT SS SPDR Global Dow ETF | 0.40% | 9,971 | $1.8M | Reduce -2.5% |
| NVDA Nvidia Corp. | 0.39% | 9,132 | $1.8M | Reduce -29.9% |
| XLE SS Energy Select Sector | 0.39% | 34,348 | $1.8M | Add +18.6% |
| BP BP PLC-Spons ADR | 0.39% | 49,235 | $1.8M | Reduce -1.9% |
| EG Everest Group Ltd. | 0.39% | 5,030 | $1.8M | Reduce -6.1% |
| VEA Vanguard Ftse Developed ETF | 0.38% | 24,893 | $1.8M | Add +0.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.38% | 33,587 | $1.8M | Add +1.6% |
| CMCSA Comcast Corp. Class A | 0.37% | 71,090 | $1.7M | Reduce -4.7% |
| GOOG Alphabet Inc. Class C | 0.37% | 4,926 | $1.7M | Reduce -37.1% |
| XES SS SPDR S&P Og Eqp & Serv | 0.37% | 15,295 | $1.7M | Reduce -22.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.35% | 5,444 | $1.7M | Reduce -17.6% |
| GPC Genuine Parts Co. | 0.35% | 13,816 | $1.6M | Reduce -1.4% |
| AXON Axon Enterprise Inc. | 0.33% | 2,779 | $1.6M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.32% | 2 | $1.5M | Reduce -50.0% |
| MTG Mgic Investment Corp. | 0.32% | 52,900 | $1.5M | No change |
| FCX Freeport-McMoran Inc. | 0.31% | 23,215 | $1.5M | Reduce -2.1% |
| WGO Winnebago Industries | 0.31% | 45,982 | $1.4M | Reduce -25.8% |
| QUAL iShares MSCI USA Quality Fac | 0.31% | 6,522 | $1.4M | Add +4.6% |
| XOM Exxon Mobil Corp. | 0.30% | 10,360 | $1.4M | Reduce -4.8% |
| MS Morgan Stanley | 0.30% | 6,710 | $1.4M | No change |
| AMZN Amazon.com Inc. | 0.30% | 5,796 | $1.4M | Reduce -3.8% |
| ALL Allstate Corp. | 0.29% | 5,710 | $1.4M | Add +110.5% |
| NEE Nextera Energy Inc. | 0.28% | 15,053 | $1.3M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 21,766 | $1.3M | No change |
Portfolio Sells Q1 2026 → Q2 2026
| IAU iShares Gold Trust | Reduce -3.3% | 1.91% | −0.65 |
| PLTR Palantir Technologies Inc. Class A | Reduce -3.5% | 1.10% | −0.49 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -50.0% | 0.32% | −0.36 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -22.8% | 0.78% | −0.29 |
| WMT Walmart Inc. | Reduce -0.3% | 1.28% | −0.28 |
| MSFT Microsoft Corp. | Reduce -1.7% | 2.20% | −0.26 |
| ADBE Adobe Inc. | Reduce -0.6% | 0.74% | −0.24 |
| GILD Gilead Sciences Inc. | Reduce -2.2% | 0.85% | −0.21 |
| FDX FedEx Corp. | Reduce -0.6% | 0.79% | −0.21 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -1.2% | 1.54% | −0.21 |
| MGM MGM Resorts International | Reduce -64.1% | 0.15% | −0.20 |
| LHX L3HARRIS Technologies Inc. | Reduce -2.6% | 0.56% | −0.20 |
| XES SS SPDR S&P Og Eqp & Serv | Reduce -22.6% | 0.37% | −0.18 |
| BP BP PLC-Spons ADR | Reduce -1.9% | 0.39% | −0.17 |
| GOOG Alphabet Inc. Class C | Reduce -37.1% | 0.37% | −0.16 |
| NVDA Nvidia Corp. | Reduce -29.9% | 0.39% | −0.15 |
| WGO Winnebago Industries | Reduce -25.8% | 0.31% | −0.15 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.14 |
| B Barrick Mining Corp. | Reduce -0.9% | 0.57% | −0.14 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -4.8% | 0.30% | −0.14 |
| CMCSA Comcast Corp. Class A | Reduce -4.7% | 0.37% | −0.14 |
| KMI Kinder Morgan Inc. | Reduce -3.6% | 0.64% | −0.13 |
| MDT Medtronic PLC | Reduce -5.0% | 0.45% | −0.13 |
| JNJ Johnson & Johnson | Reduce -3.1% | 1.24% | −0.13 |
| T AT&T Inc. | Reduce -7.0% | 0.16% | −0.11 |
| PFE Pfizer Inc. | Reduce -8.6% | 0.26% | −0.11 |
| VXUS Vanguard Total Intl Stock | Reduce -20.0% | 0.41% | −0.10 |
| XLB SS Materials Select Sector | Reduce -5.3% | 0.61% | −0.09 |
| ORCL Oracle Corp. | Reduce -0.1% | 0.79% | −0.09 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -2.7% | 0.20% | −0.08 |
| OXY Occidental Petroleum Corp. | Reduce -7.6% | 0.13% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.1% | 0.66% | −0.07 |
| IHI iShares U.S. Medical Devices | Reduce -10.2% | 0.22% | −0.07 |
| KO The Coca-Cola Co. | Reduce -26.6% | 0.15% | −0.06 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.06 |
| DD Dupont DE Nemours Inc. | Reduce -32.5% | 0.09% | −0.06 |
| BLK BlackRock Inc. | Reduce -32.8% | 0.09% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -0.8% | 0.52% | −0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -17.6% | 0.35% | −0.06 |
| BTI British American Tob-SP ADR | Reduce -2.0% | 0.76% | −0.06 |
| FLGB Franklin Ftse United Kingdom | Reduce -1.0% | 0.52% | −0.05 |
| DOCU Docusign Inc. | Reduce -5.2% | 0.21% | −0.05 |
| PEO Adams Natural Resources Fund | Sold out | 0.00% | −0.05 |
| XLC SS Comm Select Sector SPDR | Reduce -16.6% | 0.13% | −0.05 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -34.5% | 0.07% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -3.9% | 0.27% | −0.05 |
| AEP American Electric Power | Reduce -3.1% | 0.49% | −0.05 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.54% | −0.05 |
| COP Conocophillips | Reduce -2.7% | 0.10% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| ALAB Astera Labs Inc. | New | 0.48% | +0.48 |
| BAC Bank of America Corp. | Add +37.7% | 1.38% | +0.43 |
| Q Qnity Electronics Inc. | Add +8.9% | 1.16% | +0.32 |
| KDP Keurig Dr Pepper Inc. | New | 0.23% | +0.23 |
| ALL Allstate Corp. | Add +110.5% | 0.29% | +0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +1.4% | 0.65% | +0.10 |
| DVN Devon Energy Corp. | New | 0.10% | +0.10 |
| XBI SS SPDR S&P Biotech ETF | Add +2.4% | 0.68% | +0.09 |
| COF Capital One Financial Corp. | Add +8.0% | 1.17% | +0.08 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.06% | +0.06 |
| NOW ServiceNow Inc. | Add +31.7% | 0.52% | +0.06 |
| TSLA Tesla Inc. | New | 0.06% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.50% | +0.05 |
| PRCH Porch Group Inc. | New | 0.05% | +0.05 |
| SCHA Schwab US Small-Cap ETF | New | 0.05% | +0.05 |
| PANW Palo Alto Networks Inc. | New | 0.05% | +0.05 |
| SCHX Schwab US Large-Cap ETF | New | 0.05% | +0.05 |
| ADI Analog Devices Inc. | New | 0.05% | +0.05 |
| KLAC KLA Corp. | New | 0.05% | +0.05 |
| CMI Cummins Inc. | New | 0.04% | +0.04 |
| PSCH Invesco S&P Smallcap Health | New | 0.04% | +0.04 |
| SCHB Schwab US Broad Market ETF | New | 0.04% | +0.04 |
| SOLS Solstice Adv Materials Inc. | New | 0.04% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +0.4% | 0.40% | +0.03 |
| CB Chubb Ltd. | Add +11.2% | 0.58% | +0.03 |
| META Meta Platforms Inc. Class A | Add +15.7% | 0.96% | +0.02 |
| VZ Verizon Communications Inc. | Add +38.3% | 0.49% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +4.6% | 0.31% | +0.02 |
| BNY Bank of New York Mellon Corp. | Add +5.2% | 0.10% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +22.5% | 0.08% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +1.0% | 0.63% | +0.01 |
| UNP Union Pacific Corp. | Add +14.7% | 0.06% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +10.1% | 0.08% | +0.01 |
| MMM 3M Co. | Add +3.7% | 0.06% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.2% | 0.38% | +0.00 |
| MSIF MSC Income Fund Inc. | Add +17.8% | 0.12% | +0.00 |
| EMR Emerson Electric Co. | Add +1.9% | 0.20% | +0.00 |
| MRK Merck & Co. Inc. | Add +3.4% | 0.11% | −0.00 |
| BIV Vanguard Intermediate-Term B | Add +10.6% | 0.05% | −0.00 |
| DIS The Walt Disney Co. | Add +5.9% | 0.06% | −0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +1.6% | 0.38% | −0.00 |
| HONA Honeywell Aerospace Inc. | Add +7.4% | 0.24% | −0.01 |
| GBDC Golub Capital BDC Inc. | Add +4.8% | 0.21% | −0.01 |
| SHEL Shell PLC-ADR | Add +8.0% | 0.04% | −0.01 |
| PG The Procter & Gamble Co. | Add +1.1% | 0.14% | −0.01 |
| WFC Wells Fargo & Co. | Add +0.8% | 0.43% | −0.03 |
| RTX RTX Corp. | Add +1.9% | 0.27% | −0.03 |
| SLRC SLR Investment Corp. | Add +10.2% | 0.18% | −0.03 |
| XLE SS Energy Select Sector | Add +18.6% | 0.39% | −0.03 |
| GDX Vaneck Gold Miners ETF | Add +15.4% | 0.26% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 250 | $465.9M | TSM, AAPL, MSFT, MU, IAU |
| Q1 2026 | 237 | $419.9M | TSM, AAPL, IAU, MSFT, CVX |
| Q4 2025 | 239 | $415.0M | TSM, AAPL, MSFT, IAU, PLTR |
| Q3 2025 | 232 | $404.9M | TSM, AAPL, MSFT, IAU, PLTR |
| Q2 2025 | 224 | $367.5M | TSM, AAPL, MSFT, CVX, IAU |
| Q1 2025 | 211 | $339.7M | AAPL, TSM, MSFT, CVX, IAU |
| Q4 2024 | 213 | $335.0M | AAPL, TSM, MSFT, ADBE, CVX |
| Q3 2024 | 212 | $330.9M | TSM, AAPL, MSFT, ADBE, CVX |
| Q2 2024 | 213 | $316.2M | TSM, AAPL, MSFT, ADBE, CVX |
| Q1 2024 | 206 | $300.7M | TSM, MSFT, ADBE, CVX, AAPL |