Meridian Investment Counsel Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Meridian Investment Counsel Inc. reported 239 stock positions worth $415.0 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 6.3% of the portfolio, followed by Apple (AAPL, 4.6%) and Microsoft (MSFT, 3.2%). Compared with Q3 2025, it opened 10 new positions, sold out of 4, added to 50 and reduced 94. The biggest buy was Gilead Sciences (GILD, shares +52%) and the biggest sale Oracle (ORCL, shares −1%).

Most Recent 13F
Q2 2026
Location
LAFAYETTE, CA
CIK
0001427351
Portfolio Value
$415.0M (Q4 2025)
SEC Filing
0001427351-26-000002 ↗ filed Jan 20, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $300.7M Q1 2024 Q2 2024: $316.2M Q2 2024 Q3 2024: $330.9M Q3 2024 Q4 2024: $335.0M Q4 2024 Q1 2025: $339.7M Q1 2025 Q2 2025: $367.5M Q2 2025 Q3 2025: $404.9M Q3 2025 Q4 2025: $415.0M $415.0M Q4 2025 Q1 2026: $419.9M Q1 2026 Q2 2026: $465.9M Q2 2026

Holdings 239 stocks · $415.0M
TSM Taiwan Semiconductor-SP ADR 6.28% 85,775 $26.1M Reduce -7.1%
AAPL Apple Inc. 4.64% 70,772 $19.2M Reduce -3.9%
MSFT Microsoft Corp. 3.24% 27,828 $13.5M No change
IAU iShares Gold Trust 2.41% 123,047 $10.0M Reduce -1.6%
PLTR Palantir Technologies Inc. Class A 1.95% 45,515 $8.1M Reduce -4.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.62% 157,183 $6.7M Reduce -0.4%
CVX Chevron Corp. 1.61% 43,786 $6.7M Reduce -21.3%
ABBV Abbvie Inc. 1.46% 26,551 $6.1M Reduce -0.2%
WMT Walmart Inc. 1.44% 53,698 $6.0M Reduce -0.2%
NSC Norfolk Southern Corp. 1.43% 20,593 $5.9M Reduce -2.1%
ADBE Adobe Inc. 1.42% 16,890 $5.9M Reduce -1.7%
IWM iShares Russell 2000 ETF 1.29% 21,813 $5.4M Add +11.0%
TRV The Travelers Cos Inc. 1.28% 18,363 $5.3M No change
MDY State Street SPDR S&P Midcap 1.25% 8,565 $5.2M Reduce -1.2%
BRK.B Berkshire Hathaway Inc. Class B 1.24% 10,203 $5.1M Add +0.2%
RSP Invesco S&P 500 Equal Weight 1.22% 26,535 $5.1M Reduce -3.7%
JNJ Johnson & Johnson 1.18% 23,720 $4.9M Reduce -1.8%
ORCL Oracle Corp. 1.18% 25,048 $4.9M Reduce -1.2%
QCOM Qualcomm Inc. 1.11% 27,044 $4.6M Reduce -0.7%
IGM iShares Expanded Tech Sector 1.11% 35,557 $4.6M Reduce -1.8%
META Meta Platforms Inc. Class A 1.09% 6,851 $4.5M Add +9.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.09% 81,943 $4.5M Reduce -0.2%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 1.02% 143,150 $4.2M Add +4.8%
CBRE CBRE Group Inc. Class A 1.01% 26,134 $4.2M No change
HD Home Depot Inc. 1.01% 12,131 $4.2M Reduce -0.4%
XLI SS Industrial Select Sector 0.98% 26,254 $4.1M Add +5.0%
GILD Gilead Sciences Inc. 0.95% 32,120 $3.9M Add +51.8%
MET Metlife Inc. 0.94% 49,360 $3.9M Reduce -1.8%
COF Capital One Financial Corp. 0.89% 15,161 $3.7M Add +23.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.88% 7,594 $3.6M Reduce -1.6%
FDX FedEx Corp. 0.83% 11,862 $3.4M Reduce -11.4%
BTI British American Tob-SP ADR 0.81% 59,262 $3.4M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.80% 4,884 $3.3M Reduce -0.8%
MCK McKesson Corp. 0.77% 3,906 $3.2M Reduce -0.3%
NVO Novo-Nordisk A/S-Spons ADR 0.76% 62,252 $3.2M Add +12.2%
BRK.A Berkshire Hathaway Inc. Class A 0.73% 4 $3.0M No change
GE General Electric filed as GE AEROSPACE 0.71% 9,587 $3.0M Reduce -6.1%
B Barrick Mining Corp. 0.71% 67,509 $2.9M Reduce -2.0%
C Citigroup Inc. 0.71% 25,176 $2.9M Reduce -1.4%
JPM JPMorgan Chase & Co. 0.68% 8,793 $2.8M No change
XLV SS Health Care Select Sector 0.68% 18,255 $2.8M Reduce -1.4%
WGO Winnebago Industries 0.66% 68,074 $2.8M Reduce -4.5%
CP Canadian Pacific Kansas City 0.66% 37,360 $2.8M Add +15.5%
UBER Uber Technologies Inc. 0.66% 33,653 $2.7M Add +63.7%
LHX L3HARRIS Technologies Inc. 0.66% 9,357 $2.7M Reduce -0.5%
MDT Medtronic PLC 0.65% 28,125 $2.7M Reduce -0.5%
KMI Kinder Morgan Inc. 0.65% 97,808 $2.7M Reduce -0.9%
XLB SS Materials Select Sector 0.64% 58,600 $2.7M Add +3.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.63% 8,858 $2.6M No change
CWI State Street SPDR MSCI Acwi 0.62% 71,239 $2.6M Reduce -1.1%
SCHF Schwab Intl Equity ETF 0.61% 105,196 $2.5M Add +0.2%
DOC Healthpeak Properties Inc. 0.59% 152,348 $2.4M Add +2.5%
QQQ Invesco QQQ Trust Series 1 0.58% 3,946 $2.4M Reduce -9.8%
GOOG Alphabet Inc. Class C 0.57% 7,505 $2.4M Reduce -2.1%
NVDA Nvidia Corp. 0.56% 12,518 $2.3M Reduce -4.0%
AMGN Amgen Inc. 0.56% 7,040 $2.3M No change
FLGB Franklin Ftse United Kingdom 0.55% 67,775 $2.3M Add +1.3%
WFC Wells Fargo & Co. 0.54% 24,183 $2.3M Reduce -0.5%
CMCSA Comcast Corp. Class A 0.54% 75,147 $2.2M Reduce -5.4%
CB Chubb Ltd. 0.54% 7,194 $2.2M No change
VGT Vanguard Info Tech ETF 0.53% 2,943 $2.2M Add +0.3%
FNDA Schwab Fndmntl US SM Co. ETF 0.52% 68,183 $2.1M Add +8.9%
GEV GE Vernova Inc. 0.50% 3,159 $2.1M Reduce -0.9%
CSCO Cisco Systems Inc. 0.48% 26,045 $2.0M No change
VOO Vanguard S&P 500 ETF 0.48% 3,182 $2.0M Reduce -4.3%
AEP American Electric Power 0.48% 17,190 $2.0M Reduce -2.3%
GOOGL Alphabet Inc. Class A 0.47% 6,189 $1.9M Add +6.0%
DOCU Docusign Inc. 0.45% 27,574 $1.9M Reduce -1.1%
VXUS Vanguard Total Intl Stock 0.44% 24,232 $1.8M Add +23.1%
EG Everest Group Ltd. 0.43% 5,305 $1.8M Add +16.1%
HON Honeywell International Inc. 0.43% 9,175 $1.8M Add +0.6%
BP BP PLC-Spons ADR 0.43% 51,202 $1.8M Reduce -4.0%
GPC Genuine Parts Co. 0.43% 14,416 $1.8M No change
XBI SS SPDR S&P Biotech ETF 0.42% 14,266 $1.7M Add +2.1%
Q Qnity Electronics Inc. 0.42% 21,117 $1.7M Add +0.6%
DGT SS SPDR Global Dow ETF 0.41% 10,321 $1.7M Reduce -3.1%
DD Dupont DE Nemours Inc. 0.41% 42,052 $1.7M Add +0.1%
VZ Verizon Communications Inc. 0.40% 40,518 $1.7M Add +0.5%
LIN Linde PLC 0.40% 3,870 $1.7M Add +165.3%
VB Vanguard Most SM-Cap ETF-Usd 0.40% 6,397 $1.7M Add +12.8%
NUE Nucor Corp. 0.38% 9,752 $1.6M Reduce -0.4%
PFE Pfizer Inc. 0.38% 63,503 $1.6M Reduce -6.7%
AXON Axon Enterprise Inc. 0.38% 2,779 $1.6M No change
VEA Vanguard Ftse Developed ETF 0.38% 24,945 $1.6M Add +0.6%
MTG Mgic Investment Corp. 0.37% 52,900 $1.5M No change
MGM MGM Resorts International 0.36% 40,650 $1.5M No change
IJR iShares Core S&P Small-Cap E 0.36% 12,268 $1.5M No change
IHI iShares U.S. Medical Devices 0.34% 22,732 $1.4M Add +1.8%
XES SS SPDR S&P Og Eqp & Serv 0.33% 16,920 $1.4M Reduce -4.5%
MU Micron Technology Inc. 0.33% 4,856 $1.4M Add +30.5%
AMZN Amazon.com Inc. 0.33% 5,961 $1.4M Reduce -1.9%
XOM Exxon Mobil Corp. 0.33% 11,388 $1.4M No change
XLE SS Energy Select Sector 0.31% 29,070 $1.3M Reduce -4.4%
WY Weyerhaeuser Co. 0.31% 54,489 $1.3M Reduce -12.0%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.31% 28,054 $1.3M Add +6.0%
QUAL iShares MSCI USA Quality Fac 0.30% 6,234 $1.2M No change
TM Toyota Motor Corp. -Spon ADR 0.29% 5,713 $1.2M No change
NEE Nextera Energy Inc. 0.29% 15,053 $1.2M Reduce -1.4%
FCX Freeport-McMoran Inc. 0.29% 23,715 $1.2M Reduce -1.7%
RTX RTX Corp. 0.29% 6,544 $1.2M Add +1.8%
INTC Intel Corp. 0.29% 32,470 $1.2M Reduce -3.7%
MS Morgan Stanley 0.29% 6,735 $1.2M No change
VWO Vanguard Ftse Emerging Marke 0.28% 21,740 $1.2M No change
IXJ iShares Global Healthcare Et 0.27% 11,703 $1.1M No change
ARCB Arcbest Corp. 0.27% 15,235 $1.1M No change
GDX Vaneck Gold Miners ETF 0.27% 12,940 $1.1M Reduce -1.1%
NEM Newmont Corp. 0.26% 10,802 $1.1M No change
IJK iShares S&P Mid-Cap 400 Grow 0.25% 10,644 $1.0M No change
SLB SLB Ltd. filed as SLB LIMITED 0.24% 26,350 $1.0M Add +101.9%
T AT&T Inc. 0.23% 39,042 $970K Add +1.7%
RDDT Reddit Inc. Class A 0.23% 4,190 $963K Add +46.8%
VDC Vanguard Consumer Staple ETF 0.21% 4,163 $879K Reduce -5.7%
ARCC Ares Capital Corp. 0.21% 43,440 $879K Add +19.1%
TGNA Tegna Inc. 0.21% 45,116 $876K Reduce -24.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.21% 6,648 $875K No change
GBDC Golub Capital BDC Inc. 0.21% 64,135 $870K Add +530.3%
TPR Tapestry Inc. 0.21% 6,806 $870K No change
ADP Automatic Data Processing 0.20% 3,280 $844K Reduce -4.6%
KO The Coca-Cola Co. 0.20% 12,000 $839K Reduce -7.7%
EMR Emerson Electric Co. 0.20% 6,244 $829K Add +8.7%
XLC SS Comm Select Sector SPDR 0.20% 7,029 $827K Reduce -2.9%
VTI VG Morningstar TS MKT ETF-US 0.20% 2,462 $825K No change
WH Wyndham Hotels & Resorts Inc. 0.20% 10,735 $811K Reduce -24.2%
COST Costco Wholesale Corp. 0.20% 939 $810K Reduce -11.9%
WBD Warner Bros Discovery Inc. 0.19% 27,352 $788K Reduce -26.9%
IXP iShares Global Comm Services 0.19% 6,500 $788K Reduce -3.0%
CRM Salesforce Inc. 0.19% 2,905 $770K Reduce -10.1%
TAP Molson Coors Beverage Co. Class B 0.18% 15,749 $735K Reduce -31.7%
MDB Mongodb Inc. 0.18% 1,742 $731K No change
BLK BlackRock Inc. 0.18% 682 $730K No change
CVS CVS Health Corp. 0.18% 9,195 $730K No change
SYF Synchrony Financial 0.17% 8,459 $706K No change
TNL Travel + Leisure Co. 0.16% 9,675 $682K Reduce -3.0%
XOP SS SPDR S&P Og Exp & Prod 0.16% 5,355 $676K Reduce -8.5%
PTLC Pacer Trendpilot US Large Ca 0.16% 12,000 $667K No change
LECO Lincoln Electric Holdings 0.16% 2,751 $659K Reduce -1.4%
OI O-I Glass Inc. 0.16% 44,600 $658K No change
IJH iShares Core S&P Midcap ETF 0.16% 9,966 $658K Add +7.0%
JCI Johnson Controls Internation 0.16% 5,416 $649K Reduce -7.3%
PG The Procter & Gamble Co. 0.15% 4,461 $639K No change
EWT iShares MSCI Taiwan ETF 0.15% 9,974 $634K Reduce -9.1%
SLRC SLR Investment Corp. 0.15% 40,875 $632K New
STX Seagate Technology Holdings 0.15% 2,269 $625K No change
JAAA Janus Henderson Aaa Clo ETF 0.15% 12,150 $615K Add +145.4%
DFAS Dimensional US Small Cap ETF 0.15% 8,799 $613K No change
VHT Vanguard Health Care ETF 0.15% 2,110 $607K Reduce -5.2%
TEL Te Connectivity PLC 0.14% 2,624 $597K No change
OXY Occidental Petroleum Corp. 0.14% 14,320 $589K Reduce -6.1%
ALLY Ally Financial Inc. 0.14% 12,950 $587K No change
IVV iShares Core S&P 500 ETF 0.13% 810 $555K No change
PEP Pepsico Inc. 0.13% 3,762 $540K Reduce -12.8%
VOX Vanguard Communication Servi 0.13% 2,713 $525K Reduce -3.5%
CET Central Securities Corp. 0.12% 10,175 $516K Add +0.9%
UTF Cohen & Steers Infrastructur 0.12% 20,981 $506K Reduce -9.5%
DUK Duke Energy Corp. 0.12% 4,190 $491K No change
KMB Kimberly-Clark Corp. 0.12% 4,846 $489K Reduce -15.1%
LRCX Lam Research Corp. 0.12% 2,850 $488K Reduce -26.0%
GEHC GE Healthcare Technology 0.12% 5,888 $483K Reduce -2.5%
CTVA Corteva Inc. 0.12% 7,177 $481K Add +4.3%
MRK Merck & Co. Inc. 0.11% 4,482 $472K Reduce -6.2%
ASML ASML Holding NV-NY Reg SHS 0.11% 428 $458K Add +2.9%
IBB iShares Biotechnology ETF 0.11% 2,675 $451K Add +12.2%
CTAS Cintas Corp. 0.11% 2,400 $451K No change
MCD McDonald's Corp. 0.11% 1,442 $441K No change
MFIC Midcap Financial Investment 0.10% 37,713 $431K Add +4.7%
COP Conocophillips 0.10% 4,593 $430K No change
CTRA Coterra Energy Inc. 0.10% 16,315 $429K Reduce -3.3%
AMD Advanced Micro Devices 0.10% 1,940 $415K No change
EFA iShares MSCI Eafe ETF 0.10% 4,323 $415K No change
ETN Eaton Corp. PLC 0.10% 1,301 $414K Add +4.0%
ABT Abbott Laboratories 0.10% 3,267 $409K No change
MDLZ Mondelez International Inc. Class A 0.10% 7,570 $407K No change
LNC Lincoln National Corp. 0.10% 9,097 $405K Reduce -3.2%
CVE Cenovus Energy Inc. 0.09% 23,275 $394K No change
HSY The Hershey Co. 0.09% 2,100 $382K No change
CGW Invesco S&P Global Water Ind 0.09% 5,900 $372K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.09% 3,200 $371K No change
HPE Hewlett Packard Enterprise 0.09% 14,893 $358K No change
SPLV Invesco S&P 500 Low Volatili 0.09% 4,948 $353K No change
VGK Vanguard Ftse Europe ETF 0.08% 4,042 $338K New
KDP Keurig Dr Pepper Inc. 0.08% 12,050 $338K Reduce -53.4%
PNR Pentair PLC 0.08% 3,241 $338K Reduce -3.2%
ETR Entergy Corp. 0.08% 3,600 $333K No change
SO The Southern Co. 0.08% 3,802 $332K No change
ACHR Archer Aviation Inc. Class A 0.08% 43,950 $331K Add +3.4%
EWG iShares MSCI Germany ETF 0.08% 7,728 $328K No change
VNQ Vanguard Real Estate ETF 0.08% 3,698 $327K No change
TY Tri-Continental Corp. 0.08% 9,755 $319K New
AXP American Express Co. 0.08% 854 $316K No change
IWR iShares Russell Mid-Cap ETF 0.08% 3,275 $315K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 2,771 $315K No change
SBUX Starbucks Corp. 0.07% 3,693 $311K No change
USMV iShares MSCI USA Min Vol Fac 0.07% 3,284 $309K No change
DB Deutsche Bank AG-Registered 0.07% 8,000 $308K No change
GNW Genworth Financial Inc. 0.07% 33,500 $303K No change
DFIV Dimensional International Va 0.07% 6,005 $300K No change
IWF iShares Russell 1000 Growth 0.07% 630 $298K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.07% 1,532 $293K Add +42.8%
BSV Vanguard Short-Term Bond ETF 0.07% 3,689 $291K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.07% 10,637 $289K Reduce -8.2%
ENB Enbridge Inc. 0.07% 5,929 $284K No change
IEFA iShares Core MSCI Eafe ETF 0.07% 3,146 $281K Add +18.9%
BPOP Popular Inc. 0.07% 2,250 $280K No change
RNR Renaissancere Holdings Ltd. 0.07% 970 $273K New
AIG American International Group 0.06% 3,125 $267K Reduce -0.3%
PH Parker Hannifin Corp. 0.06% 300 $264K No change
BCSF Bain Capital Specialty Finan 0.06% 18,816 $262K Add +7.7%
MTUM iShares MSCI USA Momentum Fa 0.06% 1,041 $261K No change
MMM 3M Co. 0.06% 1,620 $259K Reduce -1.5%
MA Mastercard Inc. Class A 0.06% 452 $258K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 509 $248K New
DKNG Draftkings Inc. Class A 0.06% 7,150 $246K Reduce -3.7%
ZBH Zimmer Biomet Holdings Inc. 0.06% 2,725 $245K Reduce -2.0%
BA The Boeing Co. 0.06% 1,121 $243K No change
EQT Eqt Corp. 0.06% 4,514 $242K No change
HPQ HP Inc. 0.06% 10,851 $242K Reduce -2.8%
NVT Nvent Electric PLC 0.06% 2,314 $236K Reduce -4.5%
CAH Cardinal Health Inc. 0.06% 1,142 $235K New
DES Wisdomtree US Smallcap Divid 0.06% 7,000 $234K No change
TSLA Tesla Inc. 0.06% 519 $233K No change
TDIV FT Nasdaq Tech DVD Index FD 0.06% 2,400 $232K No change
UNP Union Pacific Corp. 0.05% 982 $227K No change
KVUE Kenvue Inc. 0.05% 13,043 $225K Reduce -6.0%
PNQI Invesco Nasdaq Internet ETF 0.05% 4,165 $225K No change
CAT Caterpillar Inc. 0.05% 392 $225K New
USB US Bancorp 0.05% 4,184 $223K No change
XBFZX BlackRock Ca Muni Inc. TR 0.05% 20,525 $220K Reduce -20.9%
OHI Omega Healthcare Investors 0.05% 4,911 $218K No change
V Visa Inc. Class A 0.05% 616 $216K Reduce -6.4%
MSIF MSC Income Fund Inc. 0.05% 16,250 $214K New
ISRG Intuitive Surgical Inc. 0.05% 376 $213K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 1,374 $211K New
SCHX Schwab US Large-Cap ETF 0.05% 7,742 $208K Add +0.1%
BIV Vanguard Intermediate-Term B 0.05% 2,593 $202K No change
IBRX Immunitybio Inc. 0.05% 96,433 $191K No change
BBN BlackRock Taxable Muni BND 0.04% 11,200 $183K Reduce -18.3%
ECF Ellsworth Growth and Income 0.03% 11,100 $129K No change
PNNT Pennantpark Investment Corp. 0.02% 14,200 $85K No change
RIG Transocean Ltd. 0.01% 15,000 $62K No change

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -1.2% 1.18% −0.58
CVX Chevron Corp. Reduce -21.3% 1.61% −0.53
HD Home Depot Inc. Reduce -0.4% 1.01% −0.21
PLTR Palantir Technologies Inc. Class A Reduce -4.7% 1.95% −0.20
NSC Norfolk Southern Corp. Reduce -2.1% 1.43% −0.13
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.12
TGNA Tegna Inc. Reduce -24.6% 0.21% −0.09
TSM Taiwan Semiconductor-SP ADR Reduce -7.1% 6.28% −0.09
WH Wyndham Hotels & Resorts Inc. Reduce -24.2% 0.20% −0.08
MET Metlife Inc. Reduce -1.8% 0.94% −0.08
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -0.4% 1.62% −0.08
KDP Keurig Dr Pepper Inc. Reduce -53.4% 0.08% −0.08
TAP Molson Coors Beverage Co. Class B Reduce -31.7% 0.18% −0.08
CMCSA Comcast Corp. Class A Reduce -5.4% 0.54% −0.08
ADBE Adobe Inc. Reduce -1.7% 1.42% −0.07
WY Weyerhaeuser Co. Reduce -12.0% 0.31% −0.07
RSP Invesco S&P 500 Equal Weight Reduce -3.7% 1.22% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -9.8% 0.58% −0.06
ABBV Abbvie Inc. Reduce -0.2% 1.46% −0.06
KMB Kimberly-Clark Corp. Reduce -15.1% 0.12% −0.06
XYZ Block Inc. Sold out 0.00% −0.05
CARR Carrier Global Corp. Sold out 0.00% −0.05
NFLX Netflix Inc. Sold out 0.00% −0.05
COST Costco Wholesale Corp. Reduce -11.9% 0.20% −0.05
PFE Pfizer Inc. Reduce -6.7% 0.38% −0.05
GE General Electric Reduce -6.1% 0.71% −0.05
LHX L3HARRIS Technologies Inc. Reduce -0.5% 0.66% −0.05
ADP Automatic Data Processing Reduce -4.6% 0.20% −0.05
KMI Kinder Morgan Inc. Reduce -0.9% 0.65% −0.04
DOCU Docusign Inc. Reduce -1.1% 0.45% −0.04
NVDA Nvidia Corp. Reduce -4.0% 0.56% −0.04
OXY Occidental Petroleum Corp. Reduce -6.1% 0.14% −0.04
MDY State Street SPDR S&P Midcap Reduce -1.2% 1.25% −0.03
XOP SS SPDR S&P Og Exp & Prod Reduce -8.5% 0.16% −0.03
BP BP PLC-Spons ADR Reduce -4.0% 0.43% −0.03
XLE SS Energy Select Sector Reduce -4.4% 0.31% −0.02
VOO Vanguard S&P 500 ETF Reduce -4.3% 0.48% −0.02
VDC Vanguard Consumer Staple ETF Reduce -5.7% 0.21% −0.02
UTF Cohen & Steers Infrastructur Reduce -9.5% 0.12% −0.02
EWT iShares MSCI Taiwan ETF Reduce -9.1% 0.15% −0.02
PEP Pepsico Inc. Reduce -12.8% 0.13% −0.02
IGM iShares Expanded Tech Sector Reduce -1.8% 1.11% −0.02
XBFZX BlackRock Ca Muni Inc. TR Reduce -20.9% 0.05% −0.02
HPQ HP Inc. Reduce -2.8% 0.06% −0.02
IXP iShares Global Comm Services Reduce -3.0% 0.19% −0.01
MDT Medtronic PLC Reduce -0.5% 0.65% −0.01
BBN BlackRock Taxable Muni BND Reduce -18.3% 0.04% −0.01
XLC SS Comm Select Sector SPDR Reduce -2.9% 0.20% −0.01
AEP American Electric Power Reduce -2.3% 0.48% −0.01
DGT SS SPDR Global Dow ETF Reduce -3.1% 0.41% −0.01

Portfolio Buys Q3 2025 → Q4 2025
GILD Gilead Sciences Inc. Add +51.8% 0.95% +0.37
COF Capital One Financial Corp. Add +23.0% 0.89% +0.24
LIN Linde PLC Add +165.3% 0.40% +0.23
MU Micron Technology Inc. Add +30.5% 0.33% +0.18
GBDC Golub Capital BDC Inc. Add +530.3% 0.21% +0.18
UBER Uber Technologies Inc. Add +63.7% 0.66% +0.17
SLRC SLR Investment Corp. New 0.15% +0.15
SLB SLB Ltd. Add +101.9% 0.24% +0.13
IWM iShares Russell 2000 ETF Add +11.0% 1.29% +0.12
GOOGL Alphabet Inc. Class A Add +6.0% 0.47% +0.12
JAAA Janus Henderson Aaa Clo ETF Add +145.4% 0.15% +0.09
VXUS Vanguard Total Intl Stock Add +23.1% 0.44% +0.08
VGK Vanguard Ftse Europe ETF New 0.08% +0.08
TY Tri-Continental Corp. New 0.08% +0.08
XBI SS SPDR S&P Biotech ETF Add +2.1% 0.42% +0.07
RDDT Reddit Inc. Class A Add +46.8% 0.23% +0.07
CP Canadian Pacific Kansas City Add +15.5% 0.66% +0.07
RNR Renaissancere Holdings Ltd. New 0.07% +0.07
VUG Vanguard Mrngstar GR ETF-Sui New 0.06% +0.06
CAH Cardinal Health Inc. New 0.06% +0.06
CAT Caterpillar Inc. New 0.05% +0.05
MSIF MSC Income Fund Inc. New 0.05% +0.05
ISRG Intuitive Surgical Inc. New 0.05% +0.05
TJX TJX Companies Inc. New 0.05% +0.05
VB Vanguard Most SM-Cap ETF-Usd Add +12.8% 0.40% +0.04
EG Everest Group Ltd. Add +16.1% 0.43% +0.04
FNDA Schwab Fndmntl US SM Co. ETF Add +8.9% 0.52% +0.04
XLI SS Industrial Select Sector Add +5.0% 0.98% +0.03
ARCC Ares Capital Corp. Add +19.1% 0.21% +0.03
FNDF Schwab Fndmn Intl LRG Co. ETF Add +6.0% 0.31% +0.02
IBB iShares Biotechnology ETF Add +12.2% 0.11% +0.02
RTX RTX Corp. Add +1.8% 0.29% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +42.8% 0.07% +0.02
CGXU Cap Group Intl Focus Add +4.8% 1.02% +0.02
FLGB Franklin Ftse United Kingdom Add +1.3% 0.55% +0.02
EMR Emerson Electric Co. Add +8.7% 0.20% +0.01
XLB SS Materials Select Sector Add +3.4% 0.64% +0.01
ASML ASML Holding NV-NY Reg SHS Add +2.9% 0.11% +0.01
IEFA iShares Core MSCI Eafe ETF Add +18.9% 0.07% +0.01
IHI iShares U.S. Medical Devices Add +1.8% 0.34% +0.01
IJH iShares Core S&P Midcap ETF Add +7.0% 0.16% +0.01
VEA Vanguard Ftse Developed ETF Add +0.6% 0.38% +0.01
SCHF Schwab Intl Equity ETF Add +0.2% 0.61% +0.01
NVO Novo-Nordisk A/S-Spons ADR Add +12.2% 0.76% +0.00
BCSF Bain Capital Specialty Finan Add +7.7% 0.06% +0.00
CTVA Corteva Inc. Add +4.3% 0.12% +0.00
SCHX Schwab US Large-Cap ETF Add +0.1% 0.05% −0.00
MFIC Midcap Financial Investment Add +4.7% 0.10% −0.00
CET Central Securities Corp. Add +0.9% 0.12% −0.00
VGT Vanguard Info Tech ETF Add +0.3% 0.53% −0.01

Notes & Other Activity Q3 2025 → Q4 2025
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 Sold out 23,181 $2Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 250$465.9MTSM, AAPL, MSFT, MU, IAU
Q1 2026 237$419.9MTSM, AAPL, IAU, MSFT, CVX
Q4 2025 239$415.0MTSM, AAPL, MSFT, IAU, PLTR
Q3 2025 232$404.9MTSM, AAPL, MSFT, IAU, PLTR
Q2 2025 224$367.5MTSM, AAPL, MSFT, CVX, IAU
Q1 2025 211$339.7MAAPL, TSM, MSFT, CVX, IAU
Q4 2024 213$335.0MAAPL, TSM, MSFT, ADBE, CVX
Q3 2024 212$330.9MTSM, AAPL, MSFT, ADBE, CVX
Q2 2024 213$316.2MTSM, AAPL, MSFT, ADBE, CVX
Q1 2024 206$300.7MTSM, MSFT, ADBE, CVX, AAPL