13F HOLDINGS REPORT

MERIDIAN INVESTMENT COUNSEL INC.

Quarter ended Q3 2023 · Filed August 9, 2023 · Accession 0001427351-23-000006

Total Value

$280.6M

Positions

207

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (207)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	APPLE INC	AAPL	58,258	$11.3M	4.03%
2	ADOBE SYSTEMS INCORPORATED	ADBE	22,445	$11.0M	3.91%
3	TAIWAN SEMICONDUCTOR MFG LTD	874039100	106,749	$10.8M	3.84%
4	MICROSOFT CORP	MSFT	29,943	$10.2M	3.63%
5	CHEVRON CORP NEW	CVX	62,986	$9.9M	3.53%
6	SI-BONE INC	SIBN	296,368	$8.0M	2.85%
7	FEDEX CORP	FDX	21,551	$5.3M	1.90%
8	WINNEBAGO INDS INC	974637100	79,977	$5.3M	1.90%
9	ISHARES GOLD TR	IAU	135,162	$4.9M	1.75%
10	JOHNSON & JOHNSON	JNJ	28,447	$4.7M	1.68%
11	NORFOLK SOUTHN CORP	655844108	20,368	$4.6M	1.65%
12	ABBVIE INC	ABBV	30,472	$4.1M	1.46%
13	O-I GLASS INC	OI	180,100	$3.8M	1.37%
14	ORACLE CORP	ORCL-PD	32,076	$3.8M	1.36%
15	HOME DEPOT INC	HD	12,151	$3.8M	1.34%
16	COMCAST CORP NEW	CCZ	87,791	$3.6M	1.30%
17	QUALCOMM INC	QCOM	29,799	$3.5M	1.26%
18	SPDR S&P 500 ETF TR	SPY	7,706	$3.4M	1.22%
19	TRAVELERS COMPANIES INC	TRV	19,401	$3.4M	1.20%
20	METLIFE INC	MET-PF	57,883	$3.3M	1.17%
21	MOLSON COORS BEVERAGE CO	TAP-A	48,740	$3.2M	1.14%
22	WALMART INC	WMT	20,372	$3.2M	1.14%
23	WEYERHAEUSER CO MTN BE	WY	83,346	$2.8M	1.00%
24	BANK AMERICA CORP	060505104	96,741	$2.8M	0.99%
25	SPDR DOW JONES INDL AVERAGE	78467X109	7,854	$2.7M	0.96%
26	ISHARES TR	464287549	6,843	$2.7M	0.96%
27	INVESCO EXCHANGE TRADED FD T	IVZ	17,643	$2.6M	0.94%
28	BP PLC	BPPFF	73,563	$2.6M	0.93%
29	DUPONT DE NEMOURS INC	DD	35,908	$2.6M	0.91%
30	INTEL CORP	INTC	76,531	$2.6M	0.91%
31	MCKESSON CORP	MCK	5,896	$2.5M	0.90%
32	PFIZER INC	PFE	67,043	$2.5M	0.88%
33	MGM RESORTS INTERNATIONAL	MGM	55,250	$2.4M	0.86%
34	GENUINE PARTS CO	GPC	14,260	$2.4M	0.86%
35	SELECT SECTOR SPDR TR	81369Y100	28,764	$2.4M	0.85%
36	CBRE GROUP INC	CBRE	28,825	$2.3M	0.83%
37	META PLATFORMS INC	META	7,687	$2.2M	0.79%
38	BERKSHIRE HATHAWAY INC DEL	BRK-A	6,355	$2.2M	0.77%
39	NOVO-NORDISK A S	NONOF	12,930	$2.1M	0.75%
40	VERIZON COMMUNICATIONS INC	VZ	55,739	$2.1M	0.74%
41	PHYSICIANS RLTY TR	71943U104	147,025	$2.1M	0.73%
42	SELECT SECTOR SPDR TR	81369Y209	15,345	$2.0M	0.73%
43	GILEAD SCIENCES INC	GILD	25,209	$1.9M	0.69%
44	SPDR INDEX SHS FDS	78463X848	73,224	$1.9M	0.68%
45	L3HARRIS TECHNOLOGIES INC	LHX	9,146	$1.8M	0.64%
46	NUCOR CORP	NUE	10,910	$1.8M	0.64%
47	DOCUSIGN INC	DOCU	32,730	$1.7M	0.60%
48	CHUBB LIMITED	CB	8,603	$1.7M	0.59%
49	KEURIG DR PEPPER INC	KDP	52,175	$1.6M	0.58%
50	SPDR S&P MIDCAP 400 ETF TR	MDY	3,400	$1.6M	0.58%
51	AMGEN INC	AMGN	7,250	$1.6M	0.57%
52	BRITISH AMERN TOB PLC	110448107	47,962	$1.6M	0.57%
53	ARCBEST CORP	ARCB	15,750	$1.6M	0.55%
54	KINDER MORGAN INC DEL	EP-PC	87,495	$1.5M	0.54%
55	HONEYWELL INTL INC	438516106	6,990	$1.5M	0.52%
56	INTERNATIONAL BUSINESS MACHS	INTR	10,663	$1.4M	0.51%
57	CITIGROUP INC	C-PR	29,760	$1.4M	0.49%
58	CISCO SYS INC	CSCO	26,274	$1.4M	0.48%
59	TEGNA INC	87901J105	83,500	$1.4M	0.48%
60	VANGUARD TAX-MANAGED FDS	921943858	29,276	$1.4M	0.48%
61	GENERAL ELECTRIC CO	369604301	11,845	$1.3M	0.46%
62	EXXON MOBIL CORP	XOM	12,129	$1.3M	0.46%
63	WELLS FARGO CO NEW	949746101	30,191	$1.3M	0.46%
64	ISHARES TR	464287804	12,468	$1.2M	0.44%
65	MGIC INVT CORP WIS	552848103	78,200	$1.2M	0.44%
66	SPDR SER TR	78464A870	14,142	$1.2M	0.42%
67	SPDR SER TR	78464A706	10,231	$1.2M	0.41%
68	PEPSICO INC	PEP	6,230	$1.2M	0.41%
69	SELECT SECTOR SPDR TR	81369Y886	17,530	$1.1M	0.41%
70	NEXTERA ENERGY INC	NEE-PW	15,153	$1.1M	0.40%
71	AT&T INC	T-PC	67,647	$1.1M	0.38%
72	PALANTIR TECHNOLOGIES INC	PLTR	69,445	$1.1M	0.38%
73	RAYTHEON TECHNOLOGIES CORP	RTX	10,859	$1.1M	0.38%
74	CVS HEALTH CORP	CVS	15,339	$1.1M	0.38%
75	ISHARES TR	464287325	12,256	$1.0M	0.37%
76	ISHARES INC	46434G772	22,096	$1.0M	0.37%
77	WYNDHAM HOTELS & RESORTS INC	WH	15,144	$1.0M	0.37%
78	JPMORGAN CHASE & CO	VYLD	7,003	$1.0M	0.36%
79	FRANKLIN TEMPLETON ETF TR	FGDL	41,545	$1.0M	0.36%
80	MIDCAP FINANCIAL INVSTMNT CO	03761U502	79,476	$998,219	0.36%
81	FREEPORT-MCMORAN INC	FCX	24,748	$989,920	0.35%
82	VANGUARD INTL EQUITY INDEX F	922042858	21,675	$881,739	0.31%
83	WALGREENS BOOTS ALLIANCE INC	931427108	30,433	$867,036	0.31%
84	CONSTELLATION BRANDS INC	STZ	3,510	$863,916	0.31%
85	AUTOMATIC DATA PROCESSING IN	ADP	3,888	$854,544	0.30%
86	KIMBERLY-CLARK CORP	KMB	6,164	$851,002	0.30%
87	BARRICK GOLD CORP	067901108	49,700	$841,421	0.30%
88	OMEGA HEALTHCARE INVS INC	681936100	26,311	$807,485	0.29%
89	NVIDIA CORPORATION	NVDA	1,905	$805,853	0.29%
90	ISHARES TR	464287606	10,644	$798,300	0.28%
91	ISHARES INC	464286806	27,533	$786,618	0.28%
92	BLACKROCK CALIF MUN INCOME T	BLK	64,675	$767,046	0.27%
93	PROCTER AND GAMBLE CO	742718109	5,018	$761,427	0.27%
94	SELECT SECTOR SPDR TR	81369Y506	8,999	$730,449	0.26%
95	ISHARES INC	46434G822	11,578	$716,650	0.26%
96	ISHARES TR	464287465	9,856	$714,560	0.25%
97	ISHARES TR	464287705	6,648	$712,200	0.25%
98	ALLY FINL INC	02005N100	26,125	$705,636	0.25%
99	SPDR SER TR	78468R556	5,370	$691,817	0.25%
100	BLACKROCK TAX MUNICPAL BD TR	BLK	41,300	$685,167	0.24%
101	MORGAN STANLEY	MS-PQ	7,813	$667,230	0.24%
102	LINCOLN ELEC HLDGS INC	533900106	3,356	$666,602	0.24%
103	MONDELEZ INTL INC	609207105	8,820	$643,331	0.23%
104	EMERSON ELEC CO	EMR	7,079	$639,871	0.23%
105	REGENERON PHARMACEUTICALS	REGN	888	$638,064	0.23%
106	COCA COLA CO	KO	10,285	$619,363	0.22%
107	BAIN CAP SPECIALTY FIN INC	05684B107	45,576	$615,732	0.22%
108	TRAVEL PLUS LEISURE CO	894164102	15,253	$615,306	0.22%
109	SELECT SECTOR SPDR TR	81369Y852	9,135	$594,506	0.21%
110	3M CO	MMM	5,921	$592,633	0.21%
111	AXON ENTERPRISE INC	AXON	3,000	$585,360	0.21%
112	COHEN & STEERS INFRASTRUCTUR	19248A109	24,606	$581,194	0.21%
113	VANGUARD INDEX FDS	922908363	1,410	$574,265	0.20%
114	TEXTAINER GROUP HOLDINGS LTD	G8766E109	14,500	$571,010	0.20%
115	ALPHABET INC	GOOG	4,631	$560,176	0.20%
116	VODAFONE GROUP PLC NEW	92857W308	58,956	$557,134	0.20%
117	MERCK & CO INC	MRK	4,797	$553,526	0.20%
118	STARBUCKS CORP	SBUX	5,301	$525,117	0.19%
119	ARES CAPITAL CORP	ARCC	27,300	$512,967	0.18%
120	AMAZON COM INC	AMZN	3,886	$506,579	0.18%
121	INVESCO QQQ TR	IVZ	1,354	$500,195	0.18%
122	CORTEVA INC	CTVA	8,682	$497,479	0.18%
123	ZIMMER BIOMET HOLDINGS INC	ZBH	3,398	$494,749	0.18%
124	LAM RESEARCH CORP	LRCX	767	$493,074	0.18%
125	VANGUARD BD INDEX FDS	921937827	6,521	$492,792	0.18%
126	ISHARES TR	464287275	7,175	$490,610	0.17%
127	COSTCO WHSL CORP NEW	22160K105	907	$488,311	0.17%
128	ISHARES TR	464287507	1,848	$483,215	0.17%
129	WARNER BROS DISCOVERY INC	WBD	38,479	$482,527	0.17%
130	DIMENSIONAL ETF TRUST	25434V500	8,799	$482,185	0.17%
131	SCHLUMBERGER LTD	SLB	9,704	$476,660	0.17%
132	ISHARES TR	464288646	9,373	$470,243	0.17%
133	COTERRA ENERGY INC	CTRA	18,568	$469,770	0.17%
134	SALESFORCE INC	CRM	2,210	$466,885	0.17%
135	BOEING CO	BA-PA	2,203	$465,185	0.17%
136	NEWMONT CORP	NEMCL	10,802	$460,813	0.16%
137	UNION PAC CORP	UNP	2,217	$453,643	0.16%
138	JOHNSON CTLS INTL PLC	G51502105	6,559	$446,930	0.16%
139	HP INC	HPQ	14,354	$440,811	0.16%
140	INVESCO SR INCOME TR	IVZ	112,731	$434,016	0.15%
141	UNITED STATES STL CORP NEW	UNTCW	17,075	$427,046	0.15%
142	VANGUARD INDEX FDS	922908769	1,937	$426,682	0.15%
143	ALPHABET INC	GOOG	3,556	$425,653	0.15%
144	SYNCHRONY FINANCIAL	SYF-PB	12,496	$423,864	0.15%
145	ABSOLUTE SOFTWARE CORP	00386B109	36,413	$417,293	0.15%
146	MEDTRONIC PLC	MDT	4,690	$413,189	0.15%
147	DOW INC	DOW	7,734	$411,913	0.15%
148	EATON VANCE SR INCOME TR	ETN	73,699	$402,397	0.14%
149	TE CONNECTIVITY LTD	TEL	2,819	$395,111	0.14%
150	CONOCOPHILLIPS	COP	3,723	$385,740	0.14%
151	CENTRAL SECS CORP	155123102	10,319	$376,747	0.13%
152	CEMEX SAB DE CV	CXMSF	52,850	$374,178	0.13%
153	INVESCO EXCH TRADED FD TR II	IVZ	7,245	$372,465	0.13%
154	VANGUARD INDEX FDS	922908751	1,864	$370,731	0.13%
155	CARRIER GLOBAL CORPORATION	CARR	7,383	$367,009	0.13%
156	ISHARES TR	464287200	810	$361,025	0.13%
157	VANGUARD WORLD FDS	92204A504	1,441	$352,786	0.13%
158	BRISTOL-MYERS SQUIBB CO	CELG-RI	5,301	$338,999	0.12%
159	VANGUARD WORLD FDS	92204A884	3,109	$330,518	0.12%
160	PENNANTPARK INVT CORP	708062104	56,100	$330,429	0.12%
161	S&P GLOBAL INC	SPGI	805	$322,716	0.11%
162	VANGUARD INDEX FDS	922908553	3,789	$316,609	0.11%
163	GE HEALTHCARE TECHNOLOGIES I	GEHC	3,885	$315,620	0.11%
164	SELECT SECTOR SPDR TR	81369Y605	9,280	$312,829	0.11%
165	TEXAS INSTRS INC	882508104	1,713	$308,374	0.11%
166	ISHARES TR	464287473	2,805	$308,101	0.11%
167	DRAFTKINGS INC NEW	DKNG	11,585	$307,813	0.11%
168	CINTAS CORP	CTAS	600	$298,248	0.11%
169	HEWLETT PACKARD ENTERPRISE C	HPE-PC	17,738	$297,998	0.11%
170	GENWORTH FINL INC	37247D106	59,000	$295,000	0.11%
171	TAPESTRY INC	TPR	6,888	$294,806	0.11%
172	ISHARES TR	464287614	1,067	$293,617	0.10%
173	PENTAIR PLC	PNR	4,423	$285,726	0.10%
174	DUKE ENERGY CORP NEW	DUKB	3,145	$282,232	0.10%
175	LINCOLN NATL CORP IND	534187109	10,905	$280,913	0.10%
176	ABBOTT LABS	ABLZF	2,561	$279,200	0.10%
177	BANK NEW YORK MELLON CORP	064058100	6,267	$279,007	0.10%
178	AVIS BUDGET GROUP	CAR	1,210	$276,691	0.10%
179	TOYOTA MOTOR CORP	TOYOF	1,700	$273,275	0.10%
180	KRAFT HEINZ CO	KHC	7,649	$271,540	0.10%
181	IMMUNITYBIO INC	IBRX	96,433	$268,084	0.10%
182	SOUTHERN CO	SOMN	3,802	$267,090	0.10%
183	OCCIDENTAL PETE CORP	674599105	4,500	$264,600	0.09%
184	EATON CORP PLC	ETN	1,242	$249,766	0.09%
185	ILLINOIS TOOL WKS INC	452308109	979	$244,907	0.09%
186	DISNEY WALT CO	254687106	2,723	$243,109	0.09%
187	ISHARES TR	464287499	3,275	$239,173	0.09%
188	DROPBOX INC	DBX	8,676	$231,389	0.08%
189	CENOVUS ENERGY INC	CVE	13,475	$228,806	0.08%
190	ENBRIDGE INC	ENNPF	6,087	$226,132	0.08%
191	MASTERCARD INCORPORATED	MA	572	$224,968	0.08%
192	ELEVANCE HEALTH INC	ELV	486	$215,925	0.08%
193	ANNALY CAPITAL MANAGEMENT IN	NLY-PJ	10,693	$213,977	0.08%
194	NUVEEN PFD & INCOME OPPORTUN	NU	32,850	$212,868	0.08%
195	VANGUARD BD INDEX FDS	921937819	2,813	$211,622	0.08%
196	UBER TECHNOLOGIES INC	UBER	4,800	$207,216	0.07%
197	KEYSIGHT TECHNOLOGIES INC	KEYS	1,225	$205,126	0.07%
198	COHEN & STEERS TOTAL RETURN	19247R103	13,894	$158,669	0.06%
199	NEW GERMANY FD INC	644465106	17,264	$155,033	0.06%
200	DEUTSCHE BANK A G	D18190898	14,000	$147,420	0.05%
201	TRANSOCEAN LTD	RIG	17,000	$119,170	0.04%
202	VERTEX ENERGY INC	VERX	17,500	$109,375	0.04%
203	PIMCO INCOME STRATEGY FD II	72201J104	14,100	$101,661	0.04%
204	ELLSWORTH GROWTH & INCOME FD	289074106	11,100	$95,460	0.03%
205	CBRE GBL REAL ESTATE INC FD	12504G100	17,000	$88,910	0.03%
206	ABRDN ASIA PACIFIC INCOME FU	ABAKF	11,500	$31,050	0.01%
207	MIZUHO FINANCIAL GROUP INC	MZHOF	10,000	$30,700	0.01%