Meridian Investment Counsel Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Meridian Investment Counsel Inc. reported 213 stock positions worth $335.0 million. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 5.6%) and Microsoft (MSFT, 3.4%). Compared with Q3 2024, it opened 12 new positions, sold out of 11, added to 52 and reduced 79. The biggest buy was Apple (AAPL, shares +27%) and the biggest sale Adobe (ADBE, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LAFAYETTE, CA
- CIK
- 0001427351
- Portfolio Value
- $335.0M (Q4 2024)
- SEC Filing
- 0001427351-25-000002 ↗ filed Feb 12, 2025
Holdings Value
Holdings 213 stocks · $335.0M
| AAPL Apple Inc. | 5.73% | 76,662 | $19.2M | Add +26.6% |
| TSM Taiwan Semiconductor-SP ADR | 5.64% | 95,670 | $18.9M | Reduce -8.6% |
| MSFT Microsoft Corp. | 3.41% | 27,077 | $11.4M | Reduce -4.1% |
| ADBE Adobe Inc. | 2.91% | 21,912 | $9.7M | Reduce -1.2% |
| CVX Chevron Corp. | 2.39% | 55,315 | $8.0M | Reduce -0.2% |
| IAU iShares Gold Trust | 1.86% | 125,976 | $6.2M | Add +0.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.66% | 73,572 | $5.6M | Add +15.9% |
| FDX FedEx Corp. | 1.60% | 19,053 | $5.4M | Reduce -5.7% |
| NSC Norfolk Southern Corp. | 1.48% | 21,073 | $4.9M | Reduce -0.3% |
| WMT Walmart Inc. | 1.45% | 53,948 | $4.9M | Reduce -7.9% |
| ABBV Abbvie Inc. | 1.43% | 26,894 | $4.8M | Reduce -3.4% |
| MDY State Street SPDR S&P Midcap | 1.42% | 8,345 | $4.8M | Add +70.7% |
| HD Home Depot Inc. | 1.40% | 12,091 | $4.7M | No change |
| TRV The Travelers Cos Inc. | 1.31% | 18,178 | $4.4M | Reduce -9.0% |
| PLTR Palantir Technologies Inc. Class A | 1.30% | 57,600 | $4.4M | Reduce -12.4% |
| ORCL Oracle Corp. | 1.29% | 25,918 | $4.3M | Add +0.8% |
| RSP Invesco S&P 500 Equal Weight | 1.27% | 24,195 | $4.2M | Add +5.6% |
| MET Metlife Inc. | 1.26% | 51,710 | $4.2M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% | 9,159 | $4.2M | Add +20.0% |
| QCOM Qualcomm Inc. | 1.22% | 26,570 | $4.1M | Reduce -4.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.17% | 45,697 | $3.9M | Add +95.4% |
| IGM iShares Expanded Tech Sector | 1.13% | 37,230 | $3.8M | Reduce -5.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.12% | 6,390 | $3.7M | Reduce -9.4% |
| META Meta Platforms Inc. Class A | 1.12% | 6,396 | $3.7M | Reduce -1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.10% | 83,899 | $3.7M | Reduce -7.9% |
| CBRE CBRE Group Inc. Class A | 1.06% | 27,059 | $3.6M | No change |
| JNJ Johnson & Johnson | 1.01% | 23,476 | $3.4M | Add +3.7% |
| WGO Winnebago Industries | 1.01% | 70,645 | $3.4M | Reduce -5.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.00% | 7,862 | $3.3M | Add +1.8% |
| CMCSA Comcast Corp. Class A | 0.95% | 84,623 | $3.2M | Reduce -1.9% |
| DD Dupont DE Nemours Inc. | 0.92% | 40,484 | $3.1M | Add +1.2% |
| IWM iShares Russell 2000 ETF | 0.91% | 13,870 | $3.1M | Add +65.3% |
| KMI Kinder Morgan Inc. | 0.81% | 99,349 | $2.7M | Reduce -3.4% |
| DOCU Docusign Inc. | 0.78% | 29,174 | $2.6M | Reduce -1.8% |
| XLV SS Health Care Select Sector | 0.77% | 18,640 | $2.6M | No change |
| NVDA Nvidia Corp. | 0.75% | 18,808 | $2.5M | Add +6.8% |
| TAP Molson Coors Beverage Co. Class B | 0.72% | 41,804 | $2.4M | Reduce -7.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 4,616 | $2.4M | Reduce -4.9% |
| DOC Healthpeak Properties Inc. | 0.68% | 112,911 | $2.3M | Reduce -1.8% |
| XLB SS Materials Select Sector | 0.67% | 26,835 | $2.3M | Add +0.0% |
| MCK McKesson Corp. | 0.66% | 3,898 | $2.2M | Reduce -27.9% |
| BTI British American Tob-SP ADR | 0.64% | 58,737 | $2.1M | Add +1.5% |
| JPM JPMorgan Chase & Co. | 0.63% | 8,787 | $2.1M | Add +29.1% |
| WY Weyerhaeuser Co. | 0.62% | 73,456 | $2.1M | Reduce -2.6% |
| C Citigroup Inc. | 0.59% | 28,302 | $2.0M | Reduce -0.3% |
| MDT Medtronic PLC | 0.59% | 24,934 | $2.0M | Add +97.3% |
| CWI State Street SPDR MSCI Acwi | 0.59% | 70,939 | $2.0M | Add +2.2% |
| GILD Gilead Sciences Inc. | 0.59% | 21,367 | $2.0M | Reduce -0.9% |
| TGNA Tegna Inc. | 0.59% | 107,833 | $2.0M | Reduce -7.7% |
| CB Chubb Ltd. | 0.58% | 7,034 | $1.9M | Reduce -18.2% |
| LHX L3HARRIS Technologies Inc. | 0.58% | 9,164 | $1.9M | Add +4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 8,758 | $1.9M | Reduce -10.3% |
| HON Honeywell International Inc. | 0.57% | 8,494 | $1.9M | Add +2.7% |
| VGT Vanguard Info Tech ETF | 0.54% | 2,933 | $1.8M | Reduce -3.6% |
| VZ Verizon Communications Inc. | 0.53% | 44,247 | $1.8M | Reduce -16.5% |
| AMGN Amgen Inc. | 0.53% | 6,767 | $1.8M | No change |
| GE General Electric filed as GE AEROSPACE | 0.52% | 10,425 | $1.7M | Reduce -14.4% |
| PFE Pfizer Inc. | 0.52% | 65,157 | $1.7M | Add +3.4% |
| WFC Wells Fargo & Co. | 0.51% | 24,295 | $1.7M | Reduce -7.9% |
| VOO Vanguard S&P 500 ETF | 0.51% | 3,145 | $1.7M | Add +31.5% |
| KDP Keurig Dr Pepper Inc. | 0.50% | 52,540 | $1.7M | Reduce -0.3% |
| GPC Genuine Parts Co. | 0.50% | 14,416 | $1.7M | Add +3.9% |
| AXON Axon Enterprise Inc. | 0.50% | 2,800 | $1.7M | Reduce -6.7% |
| AEP American Electric Power | 0.49% | 17,740 | $1.6M | Add +62.5% |
| BP BP PLC-Spons ADR | 0.47% | 53,322 | $1.6M | Reduce -20.6% |
| MGM MGM Resorts International | 0.47% | 45,200 | $1.6M | Reduce -10.0% |
| KVUE Kenvue Inc. | 0.46% | 71,652 | $1.5M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 0.45% | 25,700 | $1.5M | Add +2.8% |
| WH Wyndham Hotels & Resorts Inc. | 0.43% | 14,419 | $1.5M | No change |
| IJR iShares Core S&P Small-Cap E | 0.43% | 12,488 | $1.4M | No change |
| GOOG Alphabet Inc. Class C | 0.43% | 7,523 | $1.4M | Reduce -13.9% |
| ARCB Arcbest Corp. | 0.42% | 15,235 | $1.4M | No change |
| DGT SS SPDR Global Dow ETF | 0.42% | 10,724 | $1.4M | Reduce -1.6% |
| VEA Vanguard Ftse Developed ETF | 0.42% | 29,227 | $1.4M | Reduce -0.3% |
| FLGB Franklin Ftse United Kingdom | 0.39% | 49,600 | $1.3M | Add +5.3% |
| MTG Mgic Investment Corp. | 0.38% | 54,000 | $1.3M | Reduce -27.0% |
| XLE SS Energy Select Sector | 0.38% | 14,910 | $1.3M | Add +52.0% |
| XES SS SPDR S&P Og Eqp & Serv | 0.38% | 16,145 | $1.3M | Add +69.2% |
| XOM Exxon Mobil Corp. | 0.37% | 11,613 | $1.2M | No change |
| TM Toyota Motor Corp. -Spon ADR | 0.35% | 6,028 | $1.2M | Reduce -15.5% |
| XBI SS SPDR S&P Biotech ETF | 0.34% | 12,707 | $1.1M | Reduce -7.8% |
| NUE Nucor Corp. | 0.34% | 9,792 | $1.1M | No change |
| IHI iShares U.S. Medical Devices | 0.34% | 19,438 | $1.1M | Add +357.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 4,642 | $1.1M | Add +13.4% |
| XLI SS Industrial Select Sector | 0.33% | 8,458 | $1.1M | New |
| QUAL iShares MSCI USA Quality Fac | 0.33% | 6,234 | $1.1M | No change |
| CRM Salesforce Inc. | 0.32% | 3,230 | $1.1M | Add +7.2% |
| NEE Nextera Energy Inc. | 0.32% | 15,010 | $1.1M | No change |
| GEV GE Vernova Inc. | 0.31% | 3,189 | $1.0M | Reduce -12.1% |
| ADP Automatic Data Processing | 0.30% | 3,488 | $1.0M | No change |
| B Barrick Gold Corp. | 0.30% | 65,266 | $1.0M | Add +38.9% |
| IXJ iShares Global Healthcare Et | 0.30% | 11,719 | $1.0M | Reduce -2.5% |
| INTC Intel Corp. | 0.30% | 49,441 | $991K | Reduce -26.4% |
| T AT&T Inc. | 0.30% | 43,491 | $990K | Reduce -3.2% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.29% | 10,644 | $968K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 21,313 | $939K | No change |
| COST Costco Wholesale Corp. | 0.27% | 1,001 | $917K | Add +11.1% |
| FCX Freeport-McMoran Inc. | 0.27% | 24,015 | $914K | Add +3.0% |
| AMZN Amazon.com Inc. | 0.27% | 4,131 | $906K | No change |
| OI O-I Glass Inc. | 0.26% | 79,050 | $857K | Reduce -40.2% |
Portfolio Sells Q3 2024 → Q4 2024
| ADBE Adobe Inc. | Reduce -1.2% | 2.91% | −0.56 |
| WGO Winnebago Industries | Reduce -5.8% | 1.01% | −0.31 |
| OI O-I Glass Inc. | Reduce -40.2% | 0.26% | −0.27 |
| MSFT Microsoft Corp. | Reduce -4.1% | 3.41% | −0.26 |
| ABBV Abbvie Inc. | Reduce -3.4% | 1.43% | −0.23 |
| QCOM Qualcomm Inc. | Reduce -4.0% | 1.22% | −0.20 |
| VZ Verizon Communications Inc. | Reduce -16.5% | 0.53% | −0.19 |
| MTG Mgic Investment Corp. | Reduce -27.0% | 0.38% | −0.19 |
| INTC Intel Corp. | Reduce -26.4% | 0.30% | −0.18 |
| GE General Electric | Reduce -14.4% | 0.52% | −0.17 |
| CB Chubb Ltd. | Reduce -18.2% | 0.58% | −0.17 |
| BP BP PLC-Spons ADR | Reduce -20.6% | 0.47% | −0.17 |
| WY Weyerhaeuser Co. | Reduce -2.6% | 0.62% | −0.15 |
| MCK McKesson Corp. | Reduce -27.9% | 0.66% | −0.15 |
| CMCSA Comcast Corp. Class A | Reduce -1.9% | 0.95% | −0.14 |
| MGM MGM Resorts International | Reduce -10.0% | 0.47% | −0.13 |
| DOC Healthpeak Properties Inc. | Reduce -1.8% | 0.68% | −0.11 |
| NSC Norfolk Southern Corp. | Reduce -0.3% | 1.48% | −0.11 |
| CVS CVS Health Corp. | Reduce -17.4% | 0.15% | −0.11 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.11 |
| EWT iShares MSCI Taiwan ETF | Reduce -28.4% | 0.23% | −0.11 |
| TRV The Travelers Cos Inc. | Reduce -9.0% | 1.31% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -9.4% | 1.12% | −0.11 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.09 |
| KDP Keurig Dr Pepper Inc. | Reduce -0.3% | 0.50% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -10.3% | 0.57% | −0.08 |
| CVX Chevron Corp. | Reduce -0.2% | 2.39% | −0.08 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.08 |
| FDX FedEx Corp. | Reduce -5.7% | 1.60% | −0.07 |
| XBI SS SPDR S&P Biotech ETF | Reduce -7.8% | 0.34% | −0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.07 |
| TAP Molson Coors Beverage Co. Class B | Reduce -7.2% | 0.72% | −0.07 |
| MFIC Midcap Financial Investment | Reduce -22.8% | 0.22% | −0.07 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.07 |
| PSA Public Storage | Sold out | 0.00% | −0.06 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.06 |
| FNDA Schwab Fndmntl US SM Co. ETF | Sold out | 0.00% | −0.06 |
| BBN BlackRock Taxable Muni BND | Reduce -23.1% | 0.13% | −0.06 |
| EWG iShares MSCI Germany ETF | Reduce -31.3% | 0.10% | −0.06 |
| IXJ iShares Global Healthcare Et | Reduce -2.5% | 0.30% | −0.06 |
| GEHC GE Healthcare Technology | Reduce -18.7% | 0.11% | −0.06 |
| RFI Cohen & Steers Tot Ret RLTY | Sold out | 0.00% | −0.06 |
| MET Metlife Inc. | Reduce -2.0% | 1.26% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.3% | 0.42% | −0.05 |
| ALLY Ally Financial Inc. | Reduce -19.8% | 0.20% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -25.8% | 0.10% | −0.05 |
| KVUE Kenvue Inc. | Reduce -1.0% | 0.46% | −0.05 |
| XBFZX BlackRock Ca Muni Inc. TR | Reduce -23.4% | 0.11% | −0.05 |
| VOD Vodafone Group PLC-SP ADR | Reduce -47.5% | 0.03% | −0.04 |
| VVR Invesco Senior Income Trust | Reduce -48.0% | 0.04% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +26.6% | 5.73% | +1.47 |
| MDY State Street SPDR S&P Midcap | Add +70.7% | 1.42% | +0.58 |
| IWM iShares Russell 2000 ETF | Add +65.3% | 0.91% | +0.35 |
| XLI SS Industrial Select Sector | New | 0.33% | +0.33 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +95.4% | 1.17% | +0.33 |
| IHI iShares U.S. Medical Devices | Add +357.4% | 0.34% | +0.26 |
| MDT Medtronic PLC | Add +97.3% | 0.59% | +0.25 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.25% | +0.25 |
| PTLC Pacer Trendpilot US Large Ca | New | 0.21% | +0.21 |
| JPM JPMorgan Chase & Co. | Add +29.1% | 0.63% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +20.0% | 1.24% | +0.18 |
| AEP American Electric Power | Add +62.5% | 0.49% | +0.15 |
| XES SS SPDR S&P Og Eqp & Serv | Add +69.2% | 0.38% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +31.5% | 0.51% | +0.12 |
| XLE SS Energy Select Sector | Add +52.0% | 0.38% | +0.12 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +15.9% | 1.66% | +0.11 |
| MCD McDonald's Corp. | New | 0.11% | +0.11 |
| NVDA Nvidia Corp. | Add +6.8% | 0.75% | +0.11 |
| HSY The Hershey Co. | New | 0.11% | +0.11 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.09% | +0.09 |
| AXP American Express Co. | New | 0.08% | +0.08 |
| CRM Salesforce Inc. | Add +7.2% | 0.32% | +0.07 |
| DES Wisdomtree US Smallcap Divid | New | 0.07% | +0.07 |
| EQT Eqt Corp. | New | 0.06% | +0.06 |
| BMY Bristol-Myers Squibb Co. | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +19.4% | 0.13% | +0.06 |
| HON Honeywell International Inc. | Add +2.7% | 0.57% | +0.06 |
| GDX Vaneck Gold Miners ETF | Add +107.5% | 0.13% | +0.05 |
| CSCO Cisco Systems Inc. | Add +2.8% | 0.45% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +13.4% | 0.33% | +0.04 |
| COST Costco Wholesale Corp. | Add +11.1% | 0.27% | +0.03 |
| CHW Calamos Global Dynamic Incom | New | 0.03% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.24% | +0.03 |
| ABT Abbott Laboratories | Add +38.2% | 0.10% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | Add +5.6% | 1.27% | +0.03 |
| USA Liberty All Star Equity Fund | New | 0.02% | +0.02 |
| VDC Vanguard Consumer Staple ETF | Add +18.1% | 0.18% | +0.02 |
| SLB SLB Ltd. | Add +27.6% | 0.15% | +0.02 |
| B Barrick Gold Corp. | Add +38.9% | 0.30% | +0.02 |
| XOP SS SPDR S&P Og Exp & Prod | Add +8.8% | 0.23% | +0.02 |
| OXY Occidental Petroleum Corp. | Add +13.8% | 0.21% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +1.8% | 1.00% | +0.01 |
| XLF SS Financial Select Sector | Add +6.5% | 0.09% | +0.01 |
| HPE Hewlett Packard Enterprise | Add +3.6% | 0.11% | +0.01 |
| PG The Procter & Gamble Co. | Add +4.4% | 0.22% | −0.00 |
| CTVA Corteva Inc. | Add +3.6% | 0.12% | −0.00 |
| X United States Steel Corp. | Add +4.3% | 0.15% | −0.00 |
| BTI British American Tob-SP ADR | Add +1.5% | 0.64% | −0.00 |
| CVE Cenovus Energy Inc. | Add +2.5% | 0.09% | −0.01 |
| KO The Coca-Cola Co. | Add +11.5% | 0.24% | −0.01 |
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 |