13F HOLDINGS REPORT
MERIDIAN INVESTMENT COUNSEL INC.
Quarter ended Q3 2025 · Filed October 23, 2025 · Accession 0001427351-25-000012
Total Value
$404.9M
Positions
233
Other Managers
0
Confidential Omitted
No
Holdings (233)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 92,328 | $25.8M | 6.37% |
| 2 | APPLE INC | AAPL | 73,606 | $18.7M | 4.63% |
| 3 | MICROSOFT CORP | MSFT | 27,828 | $14.4M | 3.56% |
| 4 | ISHARES GOLD TR | IAU | 124,983 | $9.1M | 2.25% |
| 5 | PALANTIR TECHNOLOGIES INC | PLTR | 47,754 | $8.7M | 2.15% |
| 6 | CHEVRON CORP NEW | CVX | 55,642 | $8.6M | 2.13% |
| 7 | ORACLE CORP | ORCL-PD | 25,357 | $7.1M | 1.76% |
| 8 | SELECT SECTOR SPDR TR | 81369Y886 | 78,925 | $6.9M | 1.70% |
| 9 | NORFOLK SOUTHN CORP | 655844108 | 21,043 | $6.3M | 1.56% |
| 10 | ABBVIE INC | ABBV | 26,601 | $6.2M | 1.52% |
| 11 | ADOBE INC | ADBE | 17,187 | $6.1M | 1.50% |
| 12 | WALMART INC | WMT | 53,798 | $5.5M | 1.37% |
| 13 | INVESCO EXCHANGE TRADED FD T | IVZ | 27,561 | $5.2M | 1.29% |
| 14 | SPDR S&P MIDCAP 400 ETF TR | MDY | 8,671 | $5.2M | 1.28% |
| 15 | TRAVELERS COMPANIES INC | TRV | 18,363 | $5.1M | 1.27% |
| 16 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 10,179 | $5.1M | 1.26% |
| 17 | HOME DEPOT INC | HD | 12,181 | $4.9M | 1.22% |
| 18 | ISHARES TR | 464287655 | 19,647 | $4.8M | 1.17% |
| 19 | META PLATFORMS INC | META | 6,261 | $4.6M | 1.14% |
| 20 | ISHARES TR | 464287549 | 36,195 | $4.6M | 1.13% |
| 21 | QUALCOMM INC | QCOM | 27,239 | $4.5M | 1.12% |
| 22 | JOHNSON & JOHNSON | JNJ | 24,149 | $4.5M | 1.11% |
| 23 | BANK AMERICA CORP | 060505104 | 82,143 | $4.2M | 1.05% |
| 24 | METLIFE INC | MET-PF | 50,260 | $4.1M | 1.02% |
| 25 | CBRE GROUP INC | CBRE | 26,134 | $4.1M | 1.02% |
| 26 | CAPITAL GROUP INTL FOCUS EQT | 14019W109 | 136,600 | $4.0M | 1.00% |
| 27 | SELECT SECTOR SPDR TR | 81369Y704 | 25,001 | $3.9M | 0.95% |
| 28 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 7,714 | $3.6M | 0.88% |
| 29 | SPDR S&P 500 ETF TR | SPY | 4,926 | $3.3M | 0.81% |
| 30 | DUPONT DE NEMOURS INC | DD | 41,993 | $3.3M | 0.81% |
| 31 | BRITISH AMERN TOB PLC | 110448107 | 59,537 | $3.2M | 0.78% |
| 32 | FEDEX CORP | FDX | 13,383 | $3.2M | 0.78% |
| 33 | NOVO-NORDISK A S | NONOF | 55,492 | $3.1M | 0.76% |
| 34 | GE AEROSPACE | 369604301 | 10,213 | $3.1M | 0.76% |
| 35 | MCKESSON CORP | MCK | 3,916 | $3.0M | 0.75% |
| 36 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4 | $3.0M | 0.75% |
| 37 | L3HARRIS TECHNOLOGIES INC | LHX | 9,400 | $2.9M | 0.71% |
| 38 | HEALTHPEAK PROPERTIES INC | DOC | 148,710 | $2.8M | 0.70% |
| 39 | KINDER MORGAN INC DEL | EP-PC | 98,720 | $2.8M | 0.69% |
| 40 | JPMORGAN CHASE & CO. | VYLD | 8,793 | $2.8M | 0.68% |
| 41 | MEDTRONIC PLC | MDT | 28,268 | $2.7M | 0.66% |
| 42 | INVESCO QQQ TR | IVZ | 4,376 | $2.6M | 0.65% |
| 43 | CAPITAL ONE FINL CORP | 14040H105 | 12,326 | $2.6M | 0.65% |
| 44 | CITIGROUP INC | C-PR | 25,526 | $2.6M | 0.64% |
| 45 | SELECT SECTOR SPDR TR | 81369Y209 | 18,505 | $2.6M | 0.64% |
| 46 | SELECT SECTOR SPDR TR | 81369Y100 | 28,350 | $2.5M | 0.63% |
| 47 | SPDR INDEX SHS FDS | 78463X848 | 72,039 | $2.5M | 0.62% |
| 48 | INTERNATIONAL BUSINESS MACHS | INTR | 8,858 | $2.5M | 0.62% |
| 49 | COMCAST CORP NEW | CCZ | 79,458 | $2.5M | 0.62% |
| 50 | SCHWAB STRATEGIC TR | 808524805 | 104,941 | $2.4M | 0.60% |
| 51 | NVIDIA CORPORATION | NVDA | 13,033 | $2.4M | 0.60% |
| 52 | CANADIAN PACIFIC KANSAS CITY | CP | 32,350 | $2.4M | 0.60% |
| 53 | WINNEBAGO INDS INC | 974637100 | 71,274 | $2.4M | 0.59% |
| 54 | GILEAD SCIENCES INC | GILD | 21,167 | $2.3M | 0.58% |
| 55 | BARRICK MNG CORP | 06849F108 | 68,866 | $2.3M | 0.56% |
| 56 | VANGUARD WORLD FD | 92204A702 | 2,933 | $2.2M | 0.54% |
| 57 | FRANKLIN TEMPLETON ETF TR | FGDL | 66,925 | $2.2M | 0.53% |
| 58 | WELLS FARGO CO NEW | 949746101 | 24,303 | $2.0M | 0.50% |
| 59 | VANGUARD INDEX FDS | 922908363 | 3,324 | $2.0M | 0.50% |
| 60 | CHUBB LIMITED | CB | 7,194 | $2.0M | 0.50% |
| 61 | UBER TECHNOLOGIES INC | UBER | 20,563 | $2.0M | 0.50% |
| 62 | DOCUSIGN INC | DOCU | 27,874 | $2.0M | 0.50% |
| 63 | GENUINE PARTS CO | GPC | 14,416 | $2.0M | 0.49% |
| 64 | AXON ENTERPRISE INC | AXON | 2,779 | $2.0M | 0.49% |
| 65 | AMGEN INC | AMGN | 7,040 | $2.0M | 0.49% |
| 66 | AMERICAN ELEC PWR CO INC | 025537101 | 17,590 | $2.0M | 0.49% |
| 67 | GE VERNOVA INC | GEV | 3,189 | $2.0M | 0.48% |
| 68 | SCHWAB STRATEGIC TR | 808524763 | 62,608 | $2.0M | 0.48% |
| 69 | HONEYWELL INTL INC | 438516106 | 9,125 | $1.9M | 0.47% |
| 70 | ALPHABET INC | GOOG | 7,666 | $1.9M | 0.46% |
| 71 | BP PLC | BPPFF | 53,322 | $1.8M | 0.45% |
| 72 | CISCO SYS INC | CSCO | 26,045 | $1.8M | 0.44% |
| 73 | VERIZON COMMUNICATIONS INC | VZ | 40,318 | $1.8M | 0.44% |
| 74 | PFIZER INC | PFE | 68,075 | $1.7M | 0.43% |
| 75 | SPDR SERIES TRUST | 78464A706 | 10,651 | $1.7M | 0.43% |
| 76 | EVEREST GROUP LTD | EG | 4,570 | $1.6M | 0.40% |
| 77 | WEYERHAEUSER CO MTN BE | WY | 61,939 | $1.5M | 0.38% |
| 78 | MGIC INVT CORP WIS | 552848103 | 52,900 | $1.5M | 0.37% |
| 79 | VANGUARD TAX-MANAGED FDS | 921943858 | 24,803 | $1.5M | 0.37% |
| 80 | ISHARES TR | 464287804 | 12,268 | $1.5M | 0.36% |
| 81 | VANGUARD STAR FDS | 921909768 | 19,680 | $1.4M | 0.36% |
| 82 | VANGUARD INDEX FDS | 922908751 | 5,673 | $1.4M | 0.36% |
| 83 | ALPHABET INC | GOOG | 5,838 | $1.4M | 0.35% |
| 84 | MGM RESORTS INTERNATIONAL | MGM | 40,650 | $1.4M | 0.35% |
| 85 | SPDR SERIES TRUST | 78464A870 | 13,966 | $1.4M | 0.35% |
| 86 | SELECT SECTOR SPDR TR | 81369Y506 | 15,210 | $1.4M | 0.34% |
| 87 | ISHARES TR | 464288810 | 22,337 | $1.3M | 0.33% |
| 88 | AMAZON COM INC | AMZN | 6,079 | $1.3M | 0.33% |
| 89 | NUCOR CORP | NUE | 9,792 | $1.3M | 0.33% |
| 90 | EXXON MOBIL CORP | XOM | 11,388 | $1.3M | 0.32% |
| 91 | SPDR SERIES TRUST | 78468R549 | 17,720 | $1.3M | 0.32% |
| 92 | TEGNA INC | 87901J105 | 59,833 | $1.2M | 0.30% |
| 93 | ISHARES TR | 46432F339 | 6,234 | $1.2M | 0.30% |
| 94 | VANGUARD INTL EQUITY INDEX F | 922042858 | 21,740 | $1.2M | 0.29% |
| 95 | NEXTERA ENERGY INC | NEE-PW | 15,268 | $1.2M | 0.28% |
| 96 | SCHWAB STRATEGIC TR | 808524755 | 26,454 | $1.1M | 0.28% |
| 97 | WYNDHAM HOTELS & RESORTS INC | WH | 14,169 | $1.1M | 0.28% |
| 98 | INTEL CORP | INTC | 33,730 | $1.1M | 0.28% |
| 99 | TOYOTA MOTOR CORP | TOYOF | 5,713 | $1.1M | 0.27% |
| 100 | AT&T INC | T-PC | 38,392 | $1.1M | 0.27% |
| 101 | RTX CORPORATION | RTX | 6,428 | $1.1M | 0.27% |
| 102 | MORGAN STANLEY | MS-PQ | 6,735 | $1.1M | 0.26% |
| 103 | ARCBEST CORP | ARCB | 15,235 | $1.1M | 0.26% |
| 104 | MOLSON COORS BEVERAGE CO | TAP-A | 23,059 | $1.0M | 0.26% |
| 105 | ISHARES TR | 464287325 | 11,703 | $1.0M | 0.26% |
| 106 | ISHARES TR | 464287606 | 10,644 | $1.0M | 0.25% |
| 107 | AUTOMATIC DATA PROCESSING IN | ADP | 3,438 | $1.0M | 0.25% |
| 108 | VANECK ETF TRUST | 92189F106 | 13,090 | $1.0M | 0.25% |
| 109 | COSTCO WHSL CORP NEW | 22160K105 | 1,066 | $986,722 | 0.24% |
| 110 | FREEPORT-MCMORAN INC | FCX | 24,115 | $945,790 | 0.23% |
| 111 | VANGUARD WORLD FD | 92204A207 | 4,413 | $943,190 | 0.23% |
| 112 | NEWMONT CORP | NEMCL | 10,802 | $910,717 | 0.22% |
| 113 | ISHARES TR | 464287705 | 6,648 | $862,379 | 0.21% |
| 114 | COCA COLA CO | KO | 13,000 | $862,160 | 0.21% |
| 115 | SELECT SECTOR SPDR TR | 81369Y852 | 7,235 | $856,407 | 0.21% |
| 116 | ISHARES TR | 464287275 | 6,700 | $828,053 | 0.20% |
| 117 | VANGUARD INDEX FDS | 922908769 | 2,462 | $807,955 | 0.20% |
| 118 | BLACKROCK INC | BLK | 682 | $795,123 | 0.20% |
| 119 | SPDR SERIES TRUST | 78468R556 | 5,855 | $774,031 | 0.19% |
| 120 | TAPESTRY INC | TPR | 6,806 | $770,575 | 0.19% |
| 121 | SALESFORCE INC | CRM | 3,232 | $765,984 | 0.19% |
| 122 | EMERSON ELEC CO | EMR | 5,744 | $753,498 | 0.19% |
| 123 | ARES CAPITAL CORP | ARCC | 36,465 | $744,251 | 0.18% |
| 124 | WARNER BROS DISCOVERY INC | WBD | 37,422 | $730,852 | 0.18% |
| 125 | OCCIDENTAL PETE CORP | 674599105 | 15,245 | $720,326 | 0.18% |
| 126 | KIMBERLY-CLARK CORP | KMB | 5,710 | $709,981 | 0.18% |
| 127 | ISHARES INC | 46434G772 | 10,974 | $698,166 | 0.17% |
| 128 | CVS HEALTH CORP | CVS | 9,195 | $693,211 | 0.17% |
| 129 | LINDE PLC | LIN | 1,459 | $693,025 | 0.17% |
| 130 | PROCTER AND GAMBLE CO | 742718109 | 4,461 | $685,428 | 0.17% |
| 131 | KEURIG DR PEPPER INC | KDP | 25,870 | $659,944 | 0.16% |
| 132 | LINCOLN ELEC HLDGS INC | 533900106 | 2,791 | $658,202 | 0.16% |
| 133 | PACER FDS TR | 69374H105 | 12,000 | $657,120 | 0.16% |
| 134 | REDDIT INC | RDDT | 2,854 | $656,391 | 0.16% |
| 135 | JOHNSON CTLS INTL PLC | G51502105 | 5,845 | $642,658 | 0.16% |
| 136 | MICRON TECHNOLOGY INC | MU | 3,721 | $622,598 | 0.15% |
| 137 | ISHARES TR | 464287507 | 9,315 | $607,897 | 0.15% |
| 138 | PEPSICO INC | PEP | 4,312 | $605,577 | 0.15% |
| 139 | DIMENSIONAL ETF TRUST | 25434V500 | 8,799 | $602,380 | 0.15% |
| 140 | SYNCHRONY FINANCIAL | SYF-PB | 8,459 | $601,012 | 0.15% |
| 141 | TRAVEL PLUS LEISURE CO | 894164102 | 9,975 | $593,413 | 0.15% |
| 142 | O-I GLASS INC | OI | 44,600 | $578,462 | 0.14% |
| 143 | VANGUARD WORLD FD | 92204A504 | 2,225 | $577,610 | 0.14% |
| 144 | TE CONNECTIVITY PLC | TEL | 2,624 | $576,047 | 0.14% |
| 145 | COHEN & STEERS INFRASTRUCTUR | 19248A109 | 23,181 | $574,889 | 0.14% |
| 146 | ISHARES TR | 464287200 | 810 | $542,133 | 0.13% |
| 147 | MONGODB INC | MDB | 1,742 | $540,682 | 0.13% |
| 148 | SEAGATE TECHNOLOGY HLDNGS PL | SE | 2,269 | $535,620 | 0.13% |
| 149 | VANGUARD WORLD FD | 92204A884 | 2,813 | $528,084 | 0.13% |
| 150 | DUKE ENERGY CORP NEW | DUKB | 4,190 | $518,513 | 0.13% |
| 151 | CENTRAL SECS CORP | 155123102 | 10,085 | $518,066 | 0.13% |
| 152 | LAM RESEARCH CORP | LRCX | 3,850 | $515,515 | 0.13% |
| 153 | ALLY FINL INC | 02005N100 | 12,950 | $507,640 | 0.13% |
| 154 | CINTAS CORP | CTAS | 2,400 | $492,624 | 0.12% |
| 155 | REGENERON PHARMACEUTICALS | REGN | 854 | $480,179 | 0.12% |
| 156 | MONDELEZ INTL INC | 609207105 | 7,570 | $472,898 | 0.12% |
| 157 | EATON CORP PLC | ETN | 1,251 | $468,187 | 0.12% |
| 158 | CORTEVA INC | CTVA | 6,878 | $465,159 | 0.11% |
| 159 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 6,039 | $453,550 | 0.11% |
| 160 | SCHLUMBERGER LTD | SLB | 13,050 | $448,529 | 0.11% |
| 161 | MCDONALDS CORP | MCD | 1,442 | $438,209 | 0.11% |
| 162 | ABBOTT LABS | ABLZF | 3,267 | $437,582 | 0.11% |
| 163 | CONOCOPHILLIPS | COP | 4,593 | $434,452 | 0.11% |
| 164 | MIDCAP FINANCIAL INVSTMNT CO | 03761U502 | 36,013 | $431,796 | 0.11% |
| 165 | ARCHER AVIATION INC | ACHR-WT | 42,510 | $407,246 | 0.10% |
| 166 | ISHARES TR | 464287465 | 4,323 | $403,639 | 0.10% |
| 167 | ASML HOLDING N V | ASMLF | 416 | $402,725 | 0.10% |
| 168 | MERCK & CO INC | MRK | 4,777 | $400,934 | 0.10% |
| 169 | COTERRA ENERGY INC | CTRA | 16,865 | $398,857 | 0.10% |
| 170 | CENOVUS ENERGY INC | CVE | 23,275 | $395,442 | 0.10% |
| 171 | HERSHEY CO | HSY | 2,100 | $392,805 | 0.10% |
| 172 | INVESCO EXCH TRADED FD TR II | IVZ | 5,900 | $379,016 | 0.09% |
| 173 | LINCOLN NATL CORP IND | 534187109 | 9,397 | $378,981 | 0.09% |
| 174 | PENTAIR PLC | PNR | 3,349 | $370,935 | 0.09% |
| 175 | HEWLETT PACKARD ENTERPRISE C | HPE-PC | 14,893 | $365,772 | 0.09% |
| 176 | INVESCO EXCH TRADED FD TR II | IVZ | 4,948 | $363,579 | 0.09% |
| 177 | SOUTHERN CO | SOMN | 3,802 | $360,316 | 0.09% |
| 178 | BANK NEW YORK MELLON CORP | 064058100 | 3,200 | $348,672 | 0.09% |
| 179 | ISHARES TR | 464287556 | 2,385 | $344,322 | 0.09% |
| 180 | VANGUARD INDEX FDS | 922908553 | 3,698 | $338,071 | 0.08% |
| 181 | ENTERGY CORP NEW | ENO | 3,600 | $335,484 | 0.08% |
| 182 | ISHARES INC | 464286806 | 7,728 | $321,562 | 0.08% |
| 183 | DISNEY WALT CO | 254687106 | 2,771 | $317,280 | 0.08% |
| 184 | ISHARES TR | 464287499 | 3,275 | $316,201 | 0.08% |
| 185 | ADVANCED MICRO DEVICES INC | AMD | 1,940 | $313,873 | 0.08% |
| 186 | ISHARES TR | 46429B697 | 3,284 | $312,440 | 0.08% |
| 187 | STARBUCKS CORP | SBUX | 3,693 | $312,428 | 0.08% |
| 188 | SCHWAB STRATEGIC TR | 808524771 | 11,592 | $304,870 | 0.08% |
| 189 | HP INC | HPQ | 11,168 | $304,105 | 0.08% |
| 190 | ENBRIDGE INC | ENNPF | 5,929 | $299,198 | 0.07% |
| 191 | GENWORTH FINL INC | 37247D106 | 33,500 | $298,150 | 0.07% |
| 192 | ISHARES TR | 464287614 | 630 | $295,098 | 0.07% |
| 193 | VANGUARD BD INDEX FDS | 921937827 | 3,689 | $291,099 | 0.07% |
| 194 | POPULAR INC | BPOPM | 2,250 | $285,773 | 0.07% |
| 195 | BLACKROCK CALIF MUN INCOME T | BLK | 25,950 | $284,153 | 0.07% |
| 196 | AMERICAN EXPRESS CO | AXP | 854 | $283,665 | 0.07% |
| 197 | DEUTSCHE BANK A G | D18190898 | 8,000 | $283,280 | 0.07% |
| 198 | DRAFTKINGS INC NEW | DKNG | 7,425 | $277,695 | 0.07% |
| 199 | DIMENSIONAL ETF TRUST | 25434V807 | 6,005 | $276,951 | 0.07% |
| 200 | ZIMMER BIOMET HOLDINGS INC | ZBH | 2,780 | $273,830 | 0.07% |
| 201 | ISHARES TR | 46432F396 | 1,041 | $266,964 | 0.07% |
| 202 | MASTERCARD INCORPORATED | MA | 452 | $257,102 | 0.06% |
| 203 | 3M CO | MMM | 1,645 | $255,271 | 0.06% |
| 204 | JANUS DETROIT STR TR | 47103U845 | 4,950 | $251,361 | 0.06% |
| 205 | BAIN CAP SPECIALTY FIN INC | 05684B107 | 17,476 | $249,033 | 0.06% |
| 206 | AMERICAN INTL GROUP INC | 026874784 | 3,133 | $246,066 | 0.06% |
| 207 | EQT CORP | EQT | 4,514 | $245,697 | 0.06% |
| 208 | BOEING CO | BA-PA | 1,121 | $241,945 | 0.06% |
| 209 | NVENT ELECTRIC PLC | NVT | 2,422 | $238,906 | 0.06% |
| 210 | IMMUNITYBIO INC | IBRX | 96,433 | $237,225 | 0.06% |
| 211 | FIRST TR EXCHANGE TRADED FD | 33738R118 | 2,400 | $236,616 | 0.06% |
| 212 | WISDOMTREE TR | WT | 7,000 | $235,760 | 0.06% |
| 213 | INVESCO EXCHANGE TRADED FD T | IVZ | 4,165 | $232,528 | 0.06% |
| 214 | UNION PAC CORP | UNP | 982 | $232,115 | 0.06% |
| 215 | ISHARES TR | 46432F842 | 2,645 | $230,935 | 0.06% |
| 216 | TESLA INC | TSLA | 519 | $230,810 | 0.06% |
| 217 | PARKER-HANNIFIN CORP | PH | 300 | $227,445 | 0.06% |
| 218 | BLACKROCK TAX MUNICPAL BD TR | BLK | 13,700 | $227,420 | 0.06% |
| 219 | KENVUE INC | KVUE | 13,871 | $225,126 | 0.06% |
| 220 | VISA INC | V | 658 | $224,628 | 0.06% |
| 221 | BLOCK INC | BSQKZ | 3,065 | $221,508 | 0.05% |
| 222 | CARRIER GLOBAL CORPORATION | CARR | 3,634 | $216,950 | 0.05% |
| 223 | NETFLIX INC | NFLX | 177 | $212,209 | 0.05% |
| 224 | OMEGA HEALTHCARE INVS INC | 681936100 | 4,911 | $207,342 | 0.05% |
| 225 | SCHWAB STRATEGIC TR | 808524201 | 7,734 | $203,722 | 0.05% |
| 226 | VANGUARD BD INDEX FDS | 921937819 | 2,593 | $202,487 | 0.05% |
| 227 | US BANCORP DEL | USB-PS | 4,184 | $202,213 | 0.05% |
| 228 | VANGUARD INDEX FDS | 922908744 | 1,073 | $200,104 | 0.05% |
| 229 | GOLUB CAP BDC INC | 38173M102 | 10,175 | $139,296 | 0.03% |
| 230 | ELLSWORTH GROWTH & INCOME FD | 289074106 | 11,100 | $128,760 | 0.03% |
| 231 | PENNANTPARK INVT CORP | 708062104 | 14,200 | $95,282 | 0.02% |
| 232 | TRANSOCEAN LTD | RIG | 15,000 | $46,800 | 0.01% |
| 233 | COHEN & STEERS INFRASTRUCTUR | 19248A117 | 23,181 | $1,808 | 0.00% |