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: Q4 2024
Portfolio date: 31 Dec 2024
No. of stocks: 65
Portfolio value: $524,691,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | FCNCA - First Citizens Bancshares | 4.33 | Reduce 6.39% | 10,760 | $2113.01 | $22,736,000 | $1854.12 | -12.25% | $1512.57 | $2410.62 | |
| ≡ | AXS - Axis Capital Holdings Ltd. | 3.43 | Reduce 8.56% | 203,000 | $88.62 | $17,990,000 | $100.24 | 13.11% | $59.18 | $101.42 | |
| ≡ | CCJ - Cameco Corp. | 3.39 | Reduce 2.81% | 346,289 | $51.39 | $17,796,000 | $41.16 | -19.91% | $35.36 | $62.55 | |
| ≡ | HNST - The Honest Company inc. | 3.37 | Reduce 19.45% | 2,548,546 | $6.93 | $17,661,000 | $4.70 | -32.18% | $2.40 | $8.97 | |
| ≡ | MIR - Mirion Technologies Inc | 2.96 | 891,000 | $17.45 | $15,548,000 | $14.50 | -16.91% | $9.11 | $18.81 | ||
| ≡ | PENG - Penguin Solutions Inc. | 2.93 | Add 19.40% | 800,000 | $19.19 | $15,352,000 | $17.37 | -9.48% | $14.87 | $29.81 | |
| ≡ | BEPC - Brookfield Renewable Corp. | 2.43 | Reduce 27.48% | 461,800 | $27.66 | $12,773,000 | $27.92 | 0.94% | $24.00 | $29.92 | |
| ≡ | PRGO - Perrigo Co. | 2.42 | Reduce 16.13% | 493,855 | $25.71 | $12,697,000 | $28.04 | 9.06% | $22.91 | $32.16 | |
| ≡ | LPLA - LPL Financial Holdings Inc. | 2.38 | Add 15.03% | 38,256 | $326.51 | $12,491,000 | $327.14 | 0.19% | $186.55 | $383.67 | |
| ≡ | BWXT - BWX Technologies Inc. | 2.26 | Reduce 21.45% | 106,223 | $111.39 | $11,832,000 | $98.65 | -11.44% | $85.87 | $135.70 | |
| ≡ | VICI - VICI Properties Inc. | 2.22 | Reduce 30.30% | 398,000 | $29.21 | $11,626,000 | $32.62 | 11.67% | $25.62 | $33.58 | |
| ≡ | EVRG - Evergy Inc. | 2.21 | Reduce 20.68% | 188,000 | $61.55 | $11,571,000 | $68.95 | 12.02% | $47.46 | $69.22 | |
| ≡ | KRNT - Kornit Digital Ltd | 2.20 | 373,000 | $30.95 | $11,544,000 | $19.08 | -38.35% | $13.59 | $34.29 | ||
| ≡ | TRMB - Trimble Inc. | 2.18 | Reduce 17.75% | 162,156 | $70.66 | $11,458,000 | $65.65 | -7.09% | $48.65 | $77.78 | |
| ≡ | CCK - Crown Holdings | 2.04 | 129,642 | $82.69 | $10,720,000 | $89.26 | 7.95% | $70.24 | $97.91 | ||
| ≡ | TCBI - Texas Capital Bancshares | 2.03 | 136,000 | $78.20 | $10,635,000 | $74.70 | -4.48% | $54.68 | $91.80 | ||
| ≡ | NVST - Envista Holdings Corp. | 1.92 | Add 125.82% | 521,643 | $19.29 | $10,062,000 | $17.26 | -10.52% | $15.15 | $23.00 | |
| ≡ | RRX - Regal Rexnord Corp. | 1.87 | Add 23.42% | 63,241 | $155.14 | $9,811,000 | $113.85 | -26.61% | $111.15 | $184.31 | |
| ≡ | ATZ.TO - Aritzia Inc. | 1.81 | Reduce 25.69% | 257,416 | $36.90 | $9,499,000 | |||||
| ≡ | KNX - Knight-Swift Transportation | 1.80 | 177,813 | $53.04 | $9,431,000 | $43.49 | -18.01% | $42.47 | $61.28 | ||
| ≡ | SG - Sweetgreen Inc Class A | 1.78 | Reduce 29.33% | 291,157 | $32.06 | $9,334,000 | $25.02 | -21.96% | $18.77 | $45.12 | |
| ≡ | CRC - California Resources Corp. | 1.76 | Reduce 35.97% | 178,000 | $51.89 | $9,236,000 | $43.97 | -15.26% | $37.66 | $59.45 | |
| ≡ | HAYW - Hayward Holdings Inc | 1.73 | 592,000 | $15.29 | $9,052,000 | $13.92 | -8.96% | $11.96 | $16.87 | ||
| ≡ | QDEL - QuidelOrtho Corp. | 1.71 | Add 6.35% | 201,000 | $44.55 | $8,955,000 | $34.97 | -21.50% | $29.74 | $49.45 | |
| ≡ | THC - Tenet Healthcare Corp. | 1.70 | Reduce 29.13% | 70,766 | $126.23 | $8,933,000 | $134.50 | 6.55% | $90.03 | $171.20 | |
| ≡ | CNM - Core & Main Inc Class A | 1.64 | Add 141.43% | 169,000 | $50.91 | $8,604,000 | $48.31 | -5.11% | $37.22 | $62.15 | |
| ≡ | CACI - CACI International Inc. | 1.63 | Reduce 54.89% | 21,200 | $404.06 | $8,566,000 | $366.92 | -9.19% | $318.60 | $588.26 | |
| ≡ | PL - Planet Labs PBC | 1.60 | Add 14.48% | 2,078,958 | $4.04 | $8,399,000 | $3.38 | -16.34% | $1.67 | $6.71 | |
| ≡ | CARS - Cars.com Inc. | 1.57 | Reduce 8.83% | 475,000 | $17.33 | $8,232,000 | $11.27 | -34.97% | $10.80 | $21.24 | |
| ≡ | CEVA - CEVA Inc. | 1.53 | Add 199.62% | 254,677 | $31.55 | $8,035,000 | $25.61 | -18.83% | $16.02 | $38.94 | |
| ≡ | TTC - Toro Co. | 1.52 | Add 22.09% | 99,493 | $80.10 | $7,969,000 | $72.75 | -9.18% | $70.86 | $99.52 | |
| ≡ | LUCK - Lucky Strike Entertainment Corp. | 1.49 | 781,803 | $10.01 | $7,826,000 | $9.76 | -2.50% | $8.87 | $14.71 | ||
| ≡ | PACK - Ranpak Holdings Corp. CL A | 1.48 | 1,130,000 | $6.88 | $7,774,000 | $5.42 | -21.22% | $5.17 | $9.04 | ||
| ≡ | AMD - Advanced Micro Devices | 1.45 | 63,000 | $120.79 | $7,610,000 | $102.74 | -14.94% | $94.73 | $187.28 | ||
| ≡ | LEGN - Legend Biotech Corp. | 1.45 | Add 22.53% | 233,821 | $32.54 | $7,609,000 | $33.93 | 4.27% | $30.17 | $60.87 | |
| ≡ | BB - BlackBerry Ltd. | 1.38 | Add 7.41% | 1,911,833 | $3.78 | $7,227,000 | $3.77 | -0.26% | $2.01 | $6.24 | |
| ≡ | ADEA - Adeia Inc | 1.36 | 509,000 | $13.98 | $7,116,000 | $13.22 | -5.44% | $9.55 | $17.40 | ||
| ≡ | VFC - V.F. Corp. | 1.34 | 327,000 | $21.46 | $7,017,000 | $15.52 | -27.68% | $10.77 | $28.88 | ||
| ≡ | APA - APA Corp. | 1.33 | 302,125 | $23.09 | $6,976,000 | $21.02 | -8.96% | $17.66 | $34.76 | ||
| ≡ | DBRG - DigitalBridge Group Inc. | 1.25 | Add 33.59% | 582,121 | $11.28 | $6,566,000 | $8.82 | -21.81% | $8.63 | $19.42 | |
| ≡ | ACVA - ACV Auctions Inc. | 1.18 | Reduce 23.47% | 287,000 | $21.60 | $6,199,000 | $14.09 | -34.77% | $12.77 | $23.46 | |
| ≡ | AMBA - Ambarella Inc. | 1.18 | 85,000 | $72.74 | $6,183,000 | $50.33 | -30.81% | $39.69 | $85.15 | ||
| ≡ | UVE - Universal Insurance Holdings Inc. | 1.14 | Reduce 26.92% | 285,000 | $21.06 | $6,002,000 | $23.70 | 12.54% | $16.17 | $24.04 | |
| ≡ | CSTM - Constellium SE | 1.13 | Add 9.45% | 578,913 | $10.27 | $5,945,000 | $10.09 | -1.75% | $9.04 | $23.20 | |
| ≡ | VSEC - VSE Corp. | 1.09 | 60,000 | $95.10 | $5,706,000 | $119.99 | 26.17% | $73.22 | $128.72 | ||
| ≡ | AGS - PlayAGS Inc. | 1.08 | 493,622 | $11.53 | $5,691,000 | $12.11 | 5.03% | $8.23 | $12.16 | ||
| ≡ | LEVI - Levi Strauss & Co. | 1.06 | 321,000 | $17.30 | $5,553,000 | $15.59 | -9.88% | $15.42 | $23.81 | ||
| ≡ | UHAL - U-Haul Holding Co. | 1.00 | 75,800 | $69.09 | $5,237,000 | $65.36 | -5.40% | $59.70 | $79.04 | ||
| ≡ | OEC - Orion SA | 0.94 | Add 526.38% | 313,188 | $15.79 | $4,945,000 | $12.93 | -18.11% | $12.51 | $25.93 | |
| ≡ | LASR - nLight Inc. | 0.87 | Add 20.55% | 433,988 | $10.49 | $4,553,000 | $7.77 | -25.93% | $7.59 | $14.73 | |
| ≡ | ALEX - Alexander & Baldwin | 0.84 | Reduce 51.37% | 248,000 | $17.74 | $4,400,000 | $17.23 | -2.87% | $14.77 | $19.56 | |
| ≡ | NVTS - Navitas Semiconductor Corp. | 0.81 | Reduce 42.98% | 1,194,000 | $3.57 | $4,263,000 | $2.05 | -42.58% | $1.75 | $5.14 | |
| ≡ | CRGY - Crescent Energy Inc A | 0.80 | Buy | 285,572 | $14.61 | $4,172,000 | $11.24 | -23.07% | $9.58 | $16.75 | |
| ≡ | NGD - New Gold Inc. | 0.80 | Add 1.99% | 1,695,000 | $2.48 | $4,204,000 | $3.71 | 49.60% | $1.66 | $3.78 | |
| ≡ | ZVIA - Zevia PBC | 0.80 | Buy | 1,000,000 | $4.19 | $4,190,000 | $2.16 | -48.45% | $0.62 | $4.99 | |
| ≡ | FOXF - Fox Factory Holding Corp. | 0.72 | Add 81.16% | 125,000 | $30.27 | $3,784,000 | $23.34 | -22.89% | $23.19 | $54.86 | |
| ≡ | AMSC - American Superconductor Corp. | 0.69 | Reduce 28.72% | 146,432 | $24.63 | $3,607,000 | $18.14 | -26.35% | $11.36 | $38.02 | |
| ≡ | RAMP - LiveRamp Holdings Inc. | 0.67 | 115,314 | $30.37 | $3,502,000 | $26.14 | -13.93% | $21.45 | $38.00 | ||
| ≡ | SWTX - SpringWorks Therapeutics Inc. | 0.64 | Add 13.41% | 93,000 | $36.13 | $3,360,000 | $44.13 | 22.14% | $28.21 | $62.00 | |
| ≡ | ORIC - ORIC Pharmaceuticals Inc. | 0.57 | 370,000 | $8.07 | $2,986,000 | $5.58 | -30.86% | $5.53 | $14.67 | ||
| ≡ | RDUS - Radius Recycling Inc. | 0.54 | 186,000 | $15.22 | $2,831,000 | $28.88 | 89.75% | $10.41 | $29.18 | ||
| ≡ | NXE - Nexgen Energy Ltd | 0.27 | Buy | 214,655 | $6.60 | $1,417,000 | $4.49 | -31.97% | $4.30 | $8.96 | |
| ≡ | ZBIO - Zenas BioPharma Inc. | 0.26 | 183,812 | $7.30 | $1,342,000 | $7.90 | 8.22% | $5.83 | $26.25 | ||
| ≡ | ALBO-OLD - Albireo Pharma Inc. | 0.07 | 150,750 | $2.32 | $350,000 | $44.15 | 1803.02% | $16.02 | $45.23 | ||
| ≡ | KLDIW - KLDiscovery Inc. WTS | 0.00 | 450,000 | $0.00 | $0 | $0.00 | % | $0.00 | $0.01 |
* 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 | 16.78 | |
| Industrials | 15.05 | |
| Technology | 11.22 | |
| Health Care | 10.74 | |
| Materials | 9.18 | |
| Information Technology | 7.66 | |
| Consumer Goods | 6.21 | |
| Consumer Cyclical | 4.67 | |
| Utilities | 4.64 | |
| Services | 3.75 | |
| Industrial Goods | 3.39 | |
| Consumer Discretionary | 3.12 | |
| Energy | 2.13 | |
| Communication Services | 1.49 |
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