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: Q2 2024
Portfolio date: 30 Jun 2024
No. of stocks: 64
Portfolio value: $527,390,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | FCNCA - First Citizens Bancshares | 3.99 | 12,495 | $1683.63 | $21,037,000 | $2315.77 | 37.55% | $1360.15 | $2316.82 | ||
| ≡ | CACI - CACI International Inc. | 3.83 | 47,000 | $430.13 | $20,216,000 | $474.33 | 10.28% | $314.06 | $588.26 | ||
| ≡ | BEPC - Brookfield Renewable Corp. | 3.43 | Add 3.24% | 636,800 | $28.38 | $18,072,000 | $31.73 | 11.80% | $20.85 | $35.14 | |
| ≡ | VICI - VICI Properties Inc. | 3.38 | Add 18.22% | 623,000 | $28.64 | $17,843,000 | $32.39 | 13.09% | $26.33 | $33.85 | |
| ≡ | THC - Tenet Healthcare Corp. | 3.28 | Reduce 26.58% | 129,857 | $133.03 | $17,275,000 | $148.37 | 11.53% | $64.65 | $171.20 | |
| ≡ | AXS - Axis Capital Holdings Ltd. | 3.12 | 233,000 | $70.65 | $16,461,000 | $88.11 | 24.71% | $52.07 | $88.11 | ||
| ≡ | PENG - Penguin Solutions Inc. | 2.99 | 690,000 | $22.87 | $15,780,000 | $17.42 | -23.83% | $14.87 | $29.81 | ||
| ≡ | CCJ - Cameco Corp. | 2.81 | Reduce 3.21% | 301,289 | $49.20 | $14,823,000 | $60.81 | 23.60% | $35.43 | $60.81 | |
| ≡ | CRC - California Resources Corp. | 2.81 | 278,000 | $53.22 | $14,795,000 | $59.74 | 12.25% | $42.78 | $60.41 | ||
| ≡ | PRGO - Perrigo Co. | 2.75 | Add 10.16% | 563,855 | $25.68 | $14,480,000 | $27.07 | 5.41% | $23.89 | $33.59 | |
| ≡ | BWXT - BWX Technologies Inc. | 2.35 | Add 8.32% | 130,223 | $95.00 | $12,371,000 | $134.07 | 41.13% | $74.00 | $136.05 | |
| ≡ | SG - Sweetgreen Inc Class A | 2.21 | 387,000 | $30.14 | $11,664,000 | $40.92 | 35.77% | $9.21 | $42.77 | ||
| ≡ | BOWL - Bowlero Corp. | 2.15 | 781,803 | $14.49 | $11,328,000 | $11.94 | -17.60% | $9.62 | $15.26 | ||
| ≡ | EVRG - Evergy Inc. | 2.11 | Buy | 210,000 | $52.97 | $11,124,000 | $64.47 | 21.71% | $46.38 | $64.47 | |
| ≡ | CARS - Cars.com Inc. | 2.10 | Reduce 26.04% | 561,000 | $19.70 | $11,052,000 | $18.49 | -6.14% | $15.05 | $21.24 | |
| ≡ | TRMB - Trimble Inc. | 2.09 | 197,156 | $55.92 | $11,025,000 | $71.60 | 28.04% | $42.85 | $74.22 | ||
| ≡ | ALE - ALLETE Inc. | 1.93 | 163,000 | $62.35 | $10,163,000 | $64.40 | 3.29% | $52.27 | $64.95 | ||
| ≡ | ATZ.TO - Aritzia Inc. | 1.85 | Add 62.64% | 346,416 | $28.17 | $9,757,000 | |||||
| ≡ | TCBI - Texas Capital Bancshares | 1.85 | 160,000 | $61.14 | $9,782,000 | $85.12 | 39.22% | $53.16 | $91.29 | ||
| ≡ | CCK - Crown Holdings | 1.83 | 129,642 | $74.39 | $9,644,000 | $90.82 | 22.09% | $68.78 | $98.19 | ||
| ≡ | AMD - Advanced Micro Devices | 1.69 | Reduce 8.33% | 55,000 | $162.22 | $8,922,000 | $137.57 | -15.20% | $116.37 | $227.30 | |
| ≡ | APA - APA Corp. | 1.69 | Add 8.63% | 302,125 | $29.44 | $8,895,000 | $22.52 | -23.51% | $21.15 | $36.56 | |
| ≡ | ACVA - ACV Auctions Inc. | 1.68 | 485,000 | $18.25 | $8,851,000 | $21.83 | 19.62% | $12.84 | $22.23 | ||
| ≡ | KNX - Knight-Swift Transportation | 1.68 | Add 6.97% | 177,813 | $49.92 | $8,876,000 | $56.15 | 12.48% | $45.26 | $60.94 | |
| ≡ | SEB - Seaboard Corp. | 1.68 | Add 151.80% | 2,800 | $3160.71 | $8,850,000 | $2648.72 | -16.20% | $2580.28 | $3785.06 | |
| ≡ | HNST - The Honest Company inc. | 1.65 | Add 17.84% | 2,972,421 | $2.92 | $8,679,000 | $7.61 | 160.62% | $1.57 | $7.78 | |
| ≡ | ALEX - Alexander & Baldwin | 1.64 | Reduce 30.99% | 510,000 | $16.96 | $8,650,000 | $19.43 | 14.56% | $15.15 | $20.07 | |
| ≡ | LEGN - Legend Biotech Corp. | 1.60 | Add 14.39% | 190,821 | $44.29 | $8,451,000 | $39.27 | -11.33% | $36.92 | $70.13 | |
| ≡ | CSTM - Constellium SE | 1.51 | Add 99.10% | 421,913 | $18.85 | $7,953,000 | $11.98 | -36.45% | $10.49 | $23.20 | |
| ≡ | LANC - Lancaster Colony | 1.50 | 42,000 | $188.98 | $7,937,000 | $181.86 | -3.77% | $158.93 | $212.26 | ||
| ≡ | UVE - Universal Insurance Holdings Inc. | 1.48 | 415,000 | $18.76 | $7,785,000 | $22.53 | 20.10% | $15.25 | $23.27 | ||
| ≡ | OLN - Olin Corp. | 1.43 | Add 18.51% | 159,984 | $47.15 | $7,543,000 | $42.01 | -10.90% | $39.29 | $59.81 | |
| ≡ | UHAL - U-Haul Holding Co. | 1.41 | Add 163.76% | 120,800 | $61.73 | $7,457,000 | $69.60 | 12.75% | $54.46 | $79.04 | |
| ≡ | HAYW - Hayward Holdings Inc | 1.38 | 592,000 | $12.30 | $7,282,000 | $16.00 | 30.08% | $11.54 | $16.87 | ||
| ≡ | PACK - Ranpak Holdings Corp. CL A | 1.38 | Add 4.63% | 1,130,000 | $6.43 | $7,266,000 | $7.29 | 13.37% | $3.76 | $9.04 | |
| ≡ | LEVI - Levi Strauss & Co. | 1.33 | Reduce 33.03% | 363,000 | $19.28 | $6,999,000 | $15.93 | -17.38% | $14.31 | $23.99 | |
| ≡ | TTC - Toro Co. | 1.32 | Add 10.37% | 74,493 | $93.51 | $6,966,000 | $83.84 | -10.34% | $76.54 | $100.51 | |
| ≡ | MIR - Mirion Technologies Inc | 1.29 | Add 11.09% | 631,000 | $10.74 | $6,777,000 | $16.33 | 52.05% | $8.65 | $16.51 | |
| ≡ | DBRG - DigitalBridge Group Inc. | 1.25 | Reduce 15.89% | 481,750 | $13.70 | $6,600,000 | $11.81 | -13.80% | $11.06 | $20.95 | |
| ≡ | NVTS - Navitas Semiconductor Corp. | 1.11 | Add 10.65% | 1,496,000 | $3.93 | $5,879,000 | $2.01 | -48.85% | $1.75 | $8.44 | |
| ≡ | AMSC - American Superconductor Corp. | 1.09 | Reduce 19.58% | 246,432 | $23.39 | $5,764,000 | $34.14 | 45.96% | $8.56 | $38.02 | |
| ≡ | ADEA - Adeia Inc | 1.08 | 509,000 | $11.18 | $5,693,000 | $12.06 | 7.87% | $8.94 | $14.24 | ||
| ≡ | AGS - PlayAGS Inc. | 1.08 | Reduce 18.22% | 493,622 | $11.50 | $5,677,000 | $11.66 | 1.39% | $7.21 | $11.75 | |
| ≡ | PINS - Pinterest Inc. | 1.08 | Reduce 26.29% | 129,000 | $44.07 | $5,685,000 | $29.23 | -33.67% | $27.00 | $45.19 | |
| ≡ | RRX - Regal Rexnord Corp. | 1.05 | Add 86.36% | 41,000 | $135.22 | $5,544,000 | $173.63 | 28.41% | $112.78 | $185.28 | |
| ≡ | VFC - V.F. Corp. | 1.05 | Reduce 0.24% | 409,000 | $13.50 | $5,522,000 | $18.74 | 38.81% | $10.87 | $23.09 | |
| ≡ | RAMP - LiveRamp Holdings Inc. | 1.00 | Reduce 40.31% | 170,314 | $30.94 | $5,270,000 | $30.52 | -1.36% | $21.45 | $42.66 | |
| ≡ | VSEC - VSE Corp. | 1.00 | 60,000 | $88.28 | $5,297,000 | $114.59 | 29.80% | $56.81 | $123.92 | ||
| ≡ | KRNT - Kornit Digital Ltd | 0.97 | 349,000 | $14.64 | $5,109,000 | $31.62 | 115.98% | $13.59 | $33.00 | ||
| ≡ | BB - BlackBerry Ltd. | 0.87 | Add 63.89% | 1,852,000 | $2.48 | $4,593,000 | $2.33 | -6.05% | $2.01 | $4.44 | |
| ≡ | QDEL - QuidelOrtho Corp. | 0.85 | Add 68.75% | 135,000 | $33.22 | $4,485,000 | $37.68 | 13.43% | $29.74 | $75.86 | |
| ≡ | IART - Integra LifeSciences Holdings | 0.82 | Buy | 148,000 | $29.14 | $4,313,000 | $22.92 | -21.35% | $16.81 | $45.42 | |
| ≡ | LASR - nLight Inc. | 0.75 | 360,000 | $10.93 | $3,935,000 | $11.05 | 1.10% | $9.80 | $15.00 | ||
| ≡ | AMBA - Ambarella Inc. | 0.72 | Add 7.69% | 70,000 | $53.96 | $3,777,000 | $61.27 | 13.55% | $39.69 | $65.88 | |
| ≡ | OKTA - Okta Inc. | 0.57 | Reduce 62.79% | 32,000 | $93.63 | $2,996,000 | $75.84 | -19.00% | $66.69 | $114.50 | |
| ≡ | RDUS - Radius Recycling Inc. | 0.57 | Buy | 198,000 | $15.27 | $3,023,000 | $19.72 | 29.14% | $12.43 | $30.52 | |
| ≡ | EYE - National Vision Holdings Inc. | 0.55 | Reduce 49.14% | 220,448 | $13.09 | $2,886,000 | $11.46 | -12.45% | $9.56 | $24.11 | |
| ≡ | MP - MP Materials Corp. | 0.51 | Reduce 30.59% | 211,000 | $12.73 | $2,686,000 | $18.82 | 47.84% | $10.02 | $20.85 | |
| ≡ | PL - Planet Labs PBC | 0.50 | Add 11.23% | 1,416,000 | $1.86 | $2,634,000 | $3.29 | 76.88% | $1.67 | $3.39 | |
| ≡ | SWTX - SpringWorks Therapeutics Inc. | 0.47 | Buy | 66,000 | $37.67 | $2,486,000 | $36.55 | -2.97% | $20.19 | $53.92 | |
| ≡ | ORIC - ORIC Pharmaceuticals Inc. | 0.43 | 320,000 | $7.07 | $2,262,000 | $9.07 | 28.29% | $6.33 | $16.65 | ||
| ≡ | FDMT - 4D Molecular Therapeutics Inc. | 0.40 | 100,000 | $20.99 | $2,099,000 | $8.01 | -61.84% | $7.32 | $36.25 | ||
| ≡ | ALBO-OLD - Albireo Pharma Inc. | 0.07 | 150,750 | $2.28 | $344,000 | $44.15 | 1836.40% | $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 | 15.07 | |
| Technology | 11.48 | |
| Health Care | 10.67 | |
| Industrials | 9.86 | |
| Materials | 9.51 | |
| Information Technology | 8.36 | |
| Utilities | 7.47 | |
| Services | 5.19 | |
| Consumer Goods | 5.16 | |
| Consumer Cyclical | 4.81 | |
| Industrial Goods | 3.86 | |
| Consumer Discretionary | 3.26 | |
| Communication Services | 2.15 | |
| Energy | 1.69 | |
| Consumer Staples | 1.50 |
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