Portfolio holdings of Meridian Contrarian Fund. Meridian Contrarian Fund stock picks:. Stock Holdings page.
Meridian Contrarian Fund
i
Principal Investment Strategies
The Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of publicly traded common stocks of U.S. companies. Under normal circumstances, the Fund emphasizes stocks which the Investment Adviser believes are undervalued in relation to an issuer’s long-term earnings power or asset value, or the stock market in general. Securities in which the Fund invests may be undervalued because of many factors, including market decline, poor economic conditions, tax-loss selling or actual or anticipated unfavorable developments affecting the issuer of the security. The Fund may invest in securities of companies with any capitalization across a broad range of industries. The Fund intends to invest at least 65% of its total assets in common stocks and equity-related securities (such as convertible debt securities and warrants). The Fund may invest up to 35% of its total assets in debt or fixed income securities, including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as “junk bonds.” These are bonds that are rated Ba or below by Moody’s or BB or below by S&P. The Fund may invest up to 10% of its total assets in securities rated Ca or below by Moody’s or C or below by S&P, or unrated but considered by the Investment Adviser to be of comparable quality. The Fund may also invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. If, in the Investment Adviser’s opinion, a stock has reached a fully valued position, it generally will be, but need not be, sold and replaced by securities which are deemed to be undervalued in the marketplace. The Fund generally sells investments when (i) the Investment Adviser concludes that the company’s fundamentals are not meeting expectations; (ii) better investment opportuni- ties exist; and/or (iii) the company’s business has improved and this, in the Investment Adviser’s opinion, is reflected in the share price.
The Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of publicly traded common stocks of U.S. companies. Under normal circumstances, the Fund emphasizes stocks which the Investment Adviser believes are undervalued in relation to an issuer’s long-term earnings power or asset value, or the stock market in general. Securities in which the Fund invests may be undervalued because of many factors, including market decline, poor economic conditions, tax-loss selling or actual or anticipated unfavorable developments affecting the issuer of the security. The Fund may invest in securities of companies with any capitalization across a broad range of industries. The Fund intends to invest at least 65% of its total assets in common stocks and equity-related securities (such as convertible debt securities and warrants). The Fund may invest up to 35% of its total assets in debt or fixed income securities, including higher yield, higher risk, lower rated or unrated corporate bonds commonly referred to as “junk bonds.” These are bonds that are rated Ba or below by Moody’s or BB or below by S&P. The Fund may invest up to 10% of its total assets in securities rated Ca or below by Moody’s or C or below by S&P, or unrated but considered by the Investment Adviser to be of comparable quality. The Fund may also invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies. If, in the Investment Adviser’s opinion, a stock has reached a fully valued position, it generally will be, but need not be, sold and replaced by securities which are deemed to be undervalued in the marketplace. The Fund generally sells investments when (i) the Investment Adviser concludes that the company’s fundamentals are not meeting expectations; (ii) better investment opportuni- ties exist; and/or (iii) the company’s business has improved and this, in the Investment Adviser’s opinion, is reflected in the share price.
Period: Q1 2024
Portfolio date: 31 Mar 2024
No. of stocks: 68
Portfolio value: $573,364,000
History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
≡ | FCNCA - First Citizens Bancshares | 3.56 | 12,495 | $1634.97 | $20,429,000 | $1646.36 | 0.70% | $1173.02 | $1806.59 | ||
≡ | THC - Tenet Healthcare Corp. | 3.24 | Reduce 12.39% | 176,857 | $105.11 | $18,589,000 | $136.78 | 30.13% | $51.04 | $138.12 | |
≡ | SGH - SMART Global Holdings | 3.17 | Reduce 14.71% | 690,000 | $26.32 | $18,161,000 | $21.60 | -17.93% | $12.66 | $29.99 | |
≡ | CACI - CACI International Inc. | 3.11 | 47,000 | $378.83 | $17,805,000 | $422.50 | 11.53% | $302.21 | $432.03 | ||
≡ | PRGO - Perrigo Co. | 2.87 | 511,855 | $32.19 | $16,477,000 | $27.46 | -14.69% | $25.26 | $38.83 | ||
≡ | VICI - VICI Properties Inc. | 2.74 | 527,000 | $29.79 | $15,699,000 | $28.06 | -5.81% | $25.90 | $32.21 | ||
≡ | CRC - California Resources Corp. | 2.67 | 278,000 | $55.10 | $15,318,000 | $46.70 | -15.25% | $40.76 | $57.50 | ||
≡ | AXS - Axis Capital Holdings Ltd. | 2.64 | Reduce 0.85% | 233,000 | $65.02 | $15,150,000 | $70.15 | 7.89% | $50.50 | $74.05 | |
≡ | BEPC - Brookfield Renewable Corp. | 2.64 | Add 19.12% | 616,800 | $24.57 | $15,155,000 | $31.50 | 28.21% | $20.94 | $32.46 | |
≡ | CCJ - Cameco Corp. | 2.35 | Reduce 18.08% | 311,289 | $43.32 | $13,485,000 | $51.42 | 18.70% | $29.12 | $56.24 | |
≡ | CARS - Cars.com Inc. | 2.27 | 758,515 | $17.18 | $13,031,000 | $19.79 | 15.19% | $14.82 | $22.84 | ||
≡ | TRMB - Trimble Inc. | 2.21 | Reduce 13.59% | 197,156 | $64.36 | $12,689,000 | $55.09 | -14.40% | $39.57 | $65.55 | |
≡ | BWXT - BWX Technologies Inc. | 2.15 | Reduce 16.06% | 120,223 | $102.62 | $12,337,000 | $88.01 | -14.24% | $65.60 | $106.65 | |
≡ | ALEX - Alexander & Baldwin | 2.12 | Reduce 8.65% | 739,000 | $16.47 | $12,171,000 | $16.37 | -0.61% | $15.17 | $19.24 | |
≡ | DBRG - DigitalBridge Group Inc. | 1.92 | Reduce 32.28% | 572,750 | $19.27 | $11,037,000 | $12.92 | -32.95% | $12.30 | $20.98 | |
≡ | AMD - Advanced Micro Devices | 1.89 | Reduce 38.14% | 60,000 | $180.48 | $10,829,000 | $158.25 | -12.32% | $93.12 | $227.30 | |
≡ | LEVI - Levi Strauss & Co. | 1.89 | 542,000 | $19.99 | $10,835,000 | $23.55 | 17.81% | $12.15 | $24.34 | ||
≡ | BOWL - Bowlero Corp. | 1.87 | 781,803 | $13.70 | $10,711,000 | $12.93 | -5.62% | $8.77 | $15.33 | ||
≡ | CLX - Clorox Co. | 1.84 | 69,000 | $153.12 | $10,565,000 | $130.93 | -14.49% | $112.78 | $163.49 | ||
≡ | CCK - Crown Holdings | 1.79 | Add 29.64% | 129,642 | $79.26 | $10,275,000 | $81.43 | 2.74% | $69.39 | $95.50 | |
≡ | HNST - The Honest Company inc. | 1.78 | 2,522,421 | $4.05 | $10,216,000 | $2.52 | -37.78% | $1.06 | $4.89 | ||
≡ | RAMP - LiveRamp Holdings Inc. | 1.72 | 285,314 | $34.50 | $9,843,000 | $30.47 | -11.68% | $25.01 | $42.66 | ||
≡ | TCBI - Texas Capital Bancshares | 1.72 | 160,000 | $61.55 | $9,848,000 | $57.07 | -7.28% | $48.41 | $66.18 | ||
≡ | SG - Sweetgreen Inc Class A | 1.71 | Buy | 387,000 | $25.26 | $9,776,000 | $32.48 | 28.58% | $8.64 | $36.72 | |
≡ | ALE - ALLETE Inc. | 1.70 | 163,000 | $59.64 | $9,721,000 | $62.95 | 5.55% | $47.53 | $65.13 | ||
≡ | EYE - National Vision Holdings Inc. | 1.68 | 433,448 | $22.16 | $9,605,000 | $14.46 | -34.75% | $13.71 | $27.02 | ||
≡ | APA - APA Corp. | 1.67 | Add 11.19% | 278,125 | $34.38 | $9,562,000 | $29.43 | -14.40% | $28.67 | $44.89 | |
≡ | LEGN - Legend Biotech Corp. | 1.63 | 166,821 | $56.09 | $9,357,000 | $43.60 | -22.27% | $38.60 | $77.32 | ||
≡ | KNX - Knight-Swift Transportation | 1.60 | 166,230 | $55.02 | $9,146,000 | $49.09 | -10.78% | $45.33 | $60.61 | ||
≡ | ACVA - ACV Auctions Inc. | 1.59 | Reduce 4.35% | 485,000 | $18.77 | $9,103,000 | $18.08 | -3.68% | $12.84 | $19.62 | |
≡ | HAYW - Hayward Holdings Inc | 1.58 | Add 15.18% | 592,000 | $15.31 | $9,064,000 | $13.11 | -14.37% | $9.80 | $16.04 | |
≡ | TAP - Molson Coors Beverage Co. | 1.58 | Reduce 49.81% | 135,000 | $67.25 | $9,079,000 | $51.38 | -23.60% | $50.85 | $68.89 | |
≡ | OKTA - Okta Inc. | 1.57 | Reduce 10.42% | 86,000 | $104.62 | $8,997,000 | $89.19 | -14.75% | $65.04 | $114.50 | |
≡ | LANC - Lancaster Colony | 1.52 | 42,000 | $207.62 | $8,720,000 | $184.78 | -11.00% | $153.48 | $212.31 | ||
≡ | PACK - Ranpak Holdings Corp. CL A | 1.48 | 1,080,000 | $7.87 | $8,500,000 | $5.86 | -25.54% | $2.63 | $8.29 | ||
≡ | UVE - Universal Insurance Holdings Inc. | 1.47 | 415,000 | $20.32 | $8,433,000 | $18.70 | -7.97% | $10.87 | $22.20 | ||
≡ | OLN - Olin Corp. | 1.38 | 135,000 | $58.80 | $7,938,000 | $50.07 | -14.85% | $41.22 | $60.38 | ||
≡ | MIR - Mirion Technologies Inc | 1.13 | Add 53.51% | 568,000 | $11.37 | $6,458,000 | $9.78 | -13.98% | $6.70 | $11.50 | |
≡ | NVTS - Navitas Semiconductor Corp. | 1.12 | Add 146.72% | 1,352,000 | $4.77 | $6,449,000 | $4.39 | -7.97% | $3.48 | $11.17 | |
≡ | LHX - L3Harris Technologies Inc. | 1.11 | Reduce 50.00% | 30,000 | $213.10 | $6,393,000 | $220.28 | 3.37% | $157.61 | $226.99 | |
≡ | KRNT - Kornit Digital Ltd | 1.10 | Buy | 349,000 | $18.12 | $6,324,000 | $15.10 | -16.67% | $13.29 | $31.94 | |
≡ | VFC - V.F. Corp. | 1.10 | Add 26.93% | 410,000 | $15.34 | $6,289,000 | $13.75 | -10.37% | $10.93 | $20.48 | |
≡ | TTC - Toro Co. | 1.08 | Add 101.51% | 67,493 | $91.62 | $6,184,000 | $96.34 | 5.15% | $77.15 | $105.43 | |
≡ | PINS - Pinterest Inc. | 1.06 | Reduce 13.79% | 175,000 | $34.67 | $6,067,000 | $43.94 | 26.74% | $23.59 | $44.64 | |
≡ | ATZ.TO - Aritzia Inc. | 1.03 | Add 33.13% | 213,000 | $27.69 | $5,898,000 | |||||
≡ | CRNC - Cerence Inc. | 1.03 | Add 42.87% | 373,250 | $15.75 | $5,879,000 | $3.07 | -80.51% | $2.74 | $36.79 | |
≡ | ADEA - Adeia Inc | 0.97 | 509,000 | $10.92 | $5,558,000 | $11.22 | 2.75% | $7.96 | $13.22 | ||
≡ | AGS - PlayAGS Inc. | 0.95 | 603,622 | $8.98 | $5,421,000 | $11.65 | 29.73% | $5.10 | $11.75 | ||
≡ | CTOS - Custom Truck One Source Inc. | 0.93 | Reduce 8.98% | 912,000 | $5.82 | $5,308,000 | $4.65 | -20.10% | $3.61 | $7.53 | |
≡ | VSEC - VSE Corp. | 0.84 | 60,000 | $80.00 | $4,800,000 | $83.04 | 3.80% | $48.00 | $86.26 | ||
≡ | CSTM - Constellium SE | 0.82 | Add 35.05% | 211,913 | $22.11 | $4,685,000 | $19.92 | -9.91% | $14.12 | $23.20 | |
≡ | LASR - nLight Inc. | 0.82 | 360,000 | $13.00 | $4,680,000 | $11.82 | -9.08% | $8.13 | $15.91 | ||
≡ | ORIC - ORIC Pharmaceuticals Inc. | 0.77 | 320,000 | $13.75 | $4,400,000 | $8.27 | -39.85% | $5.27 | $16.65 | ||
≡ | MP - MP Materials Corp. | 0.76 | Buy | 304,000 | $14.30 | $4,347,000 | $14.55 | 1.75% | $12.68 | $26.53 | |
≡ | AMSC - American Superconductor Corp. | 0.72 | Reduce 28.97% | 306,432 | $13.51 | $4,140,000 | $21.48 | 58.99% | $5.25 | $22.50 | |
≡ | RRX - Regal Rexnord Corp. | 0.69 | Buy | 22,000 | $180.09 | $3,962,000 | $142.83 | -20.69% | $96.77 | $183.49 | |
≡ | QDEL - QuidelOrtho Corp. | 0.67 | Reduce 38.46% | 80,000 | $47.94 | $3,835,000 | $40.52 | -15.48% | $37.78 | $89.11 | |
≡ | SEB - Seaboard Corp. | 0.63 | Buy | 1,112 | $3223.92 | $3,585,000 | $3164.00 | -1.86% | $3043.98 | $3849.30 | |
≡ | FNA - Paragon 28 Inc. | 0.60 | Add 14.40% | 278,000 | $12.35 | $3,433,000 | $6.49 | -47.45% | $6.32 | $18.85 | |
≡ | AMBA - Ambarella Inc. | 0.58 | 65,000 | $50.77 | $3,300,000 | $56.98 | 12.23% | $40.31 | $89.19 | ||
≡ | PL - Planet Labs PBC | 0.57 | 1,273,000 | $2.55 | $3,246,000 | $2.02 | -20.78% | $1.67 | $3.77 | ||
≡ | FDMT - 4D Molecular Therapeutics Inc. | 0.56 | 100,000 | $31.86 | $3,186,000 | $23.26 | -26.99% | $9.44 | $36.25 | ||
≡ | BB - BlackBerry Ltd. | 0.54 | Buy | 1,130,000 | $2.76 | $3,119,000 | $2.69 | -2.54% | $2.46 | $5.75 | |
≡ | UHAL - U-Haul Holding Co. | 0.54 | Add 43.13% | 45,800 | $67.53 | $3,093,000 | $62.43 | -7.55% | $48.07 | $73.03 | |
≡ | SPB - Spectrum Brands Holdings Inc. | 0.47 | Reduce 70.87% | 30,000 | $89.00 | $2,670,000 | $90.45 | 1.63% | $64.26 | $96.30 | |
≡ | INBX - Inhibrx | 0.46 | 76,000 | $34.96 | $2,657,000 | $16.51 | -52.77% | $13.85 | $18.95 | ||
≡ | ALBO-OLD - Albireo Pharma Inc. | 0.06 | 150,750 | $2.25 | $339,000 | $44.15 | 1862.22% | $16.02 | $45.23 | ||
≡ | KLDIW - KLDiscovery Inc. WTS | 0.00 | 450,000 | $0.01 | $3,000 | $0.00 | -100.00% | $0.00 | $0.35 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Financials | 14.05 | |
Technology | 13.58 | |
Health Care | 10.86 | |
Industrials | 10.72 | |
Materials | 8.64 | |
Information Technology | 8.03 | |
Consumer Cyclical | 5.55 | |
Consumer Staples | 5.41 | |
Services | 4.40 | |
Utilities | 4.34 | |
Consumer Goods | 4.20 | |
Industrial Goods | 3.90 | |
Consumer Discretionary | 2.81 | |
Communication Services | 1.87 | |
Energy | 1.67 |
Articles & Commentaries
08 Aug 2023 Meridian Contrarian Fund Q2 2023 Commentary
05 May 2023 Meridian Contrarian Fund Q1 2023 Commentary
16 Feb 2023 Meridian Contrarian Fund Q4 2022 Commentary
25 Aug 2022 Meridian Contrarian Fund Q2 2022 Commentary
25 May 2022 Meridian Contrarian Fund Q1 2022 Commentary
17 Aug 2021 Meridian Contrarian Fund Q2 2021 Commentary
28 Apr 2021 Meridian Contrarian Fund Q1 2021 Commentary
04 Feb 2019 Meridian Contrarian Fund Q4 2018 Commentary
31 Aug 2015 Meridian Funds June 30, 2015 Report
03 Sep 2014 Meridian Funds Q2 2014 commentary
28 Feb 2014 Meridian Funds: Dec 31, 2013 Report
26 Aug 2013 Meridian Funds - Q2 2013 Commentary
23 May 2013 Meridian Funds - Q1 2013 Commentary
28 Feb 2013 Meridian Value Fund - Q4 2012 Commentary
29 Nov 2012 Meridian Value - Q3 2012 Commentary
05 Sep 2012 Meridian Value - Q2 2012 Commentary
23 May 2012 Meridian Fund - Q1 2012 Commentary
02 Mar 2012 Meridian - 2011 Annual Letter
07 Nov 2011 Meridian Funds - Q3 2011 Commentary
26 Aug 2011 Meridian Value Fund - Q2 2011 Commentary
11 May 2011 Meridian Value Fund - Q1 2011 Commentary
01 Mar 2011 Meridian Value Fund - Q4 2010 Commentary
15 Nov 2010 Meridian - Q3 2010 Commentary
30 Aug 2010 Meridian - Q2 2010 Commentary
13 May 2010 Meridian Funds - Q1 2010 Commentary
27 Feb 2010 Meridian Funds Q4 2009 Commentary
26 Oct 2009 Meridian Funds - Q3 2009 Commentary
02 Mar 2009 Meridian Value Fund - Q4 2008 Report