Meridian Investment Counsel Inc Q2 2026 Portfolio Activity Analysis

Meridian Investment Counsel Inc has released its portfolio activity for the period ending June 30, 2026. The investment advisor's holdings show significant changes during this quarter.

Technology Sector Activity

In the Technology sector, Meridian Investment Counsel Inc made several notable adjustments. A major development was the significant increase in Vanguard World Fund (VGT), which saw a 694% jump in shares during Q2.

• VGT: Shares increased by 20,425 (from the prior period), representing a substantial addition to this position despite no change in its portfolio percentage allocation of 0.6%
• New Position Added: PRCH, Porch Group Inc, was added with a full share increase from zero to 15,667 shares.
• Other Changes: The firm also increased its position in VXUS, Vanguard STAR Fund (shares up by 2.3k, value down slightly). Increases were noted for ARCC and SLRC.
• Decreases: Positions in NOW, ACHR, WGO, and KDP saw reductions during the quarter.

Financial Services Sector Activity

The Financial Services sector witnessed a major change with Meridian Investment Counsel Inc significantly boosting its position in BAC, Bank of America Corp. The share count increased by 37,665 shares (up 37.66%), making it one of the largest additions.

• Significant Increase: BAC, Bank of America Corp, saw its share count rise by 30,975 shares (37.66%) during the quarter.
• New Position Added: SLRC, SLR Investment Corp, was added to the portfolio with a slight increase in shares (10.2% allocation change).
• Decrease: The firm also sold its position entirely in MGM, MGM Resorts International.

Energy Sector Activity

In the Energy sector, Meridian Investment Counsel Inc focused on adding to existing positions while exiting others. The most notable addition was a 100% increase in shares of DVN, Devon Energy Corp.

• Perfect Increase: Shares of DVN increased by 11,311 shares (100%) during the quarter.
• Other Changes: Positions in CVX and MSFT saw increases while holdings like BRK-A were sold entirely.

Healthcare Sector Activity

The Healthcare sector experienced a decrease for Meridian Investment Counsel Inc. The firm reduced its position in ABBV, ABBVie Inc, by 3,130 shares (down 3.13%) during the quarter.

Consumer Cyclical Sector Activity

In Consumer Cyclical, Meridian Investment Counsel Inc sold its entire position in MGM, MGM Resorts International. The firm also reduced shares of WGO by 15,947 (25.75%) and partially decreased the KDP position.

Other Sectors & Undisclosed Activity

In sectors like Industrials (ACHR) and Communication Services (VZ), the firm made smaller adjustments. For sectors not mentioned in holdings, Meridian Investment Counsel Inc did not disclose any activity.