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MERIDIAN WEALTH MANAGEMENT, LLC

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LEXINGTON KY Investment Advisor
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
WhaleScore ?

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Equal-WT
WhaleScore 1.0 ?

Meridian Wealth Management is based out of Lexington. Meridian Wealth Management is a large advisory firm with 2942 clients and discretionary assets under management (AUM) of $2,874,566,906 (Form ADV from 2024-05-24). Their last reported 13F filing for Q2 2024 included $836,620,477 in managed 13F securities and a top 10 holdings concentration of 43.1%. Meridian Wealth Management's largest holding is NVIDIA Corp. with shares held of 787,332. Whalewisdom has at least 33 13F filings
Business Description
Meridian Wealth Management, LLC provides personalized investment advisory services to its clients, including portfolio management, financial planning, and retirement planning. The firm considers all factors in making recommendations to clients and believes that the brokerage rate it charges is reasonable in relation to the value of the services provided. Meridian does not receive client referrals from broker dealers or custodians in exchange for client referrals, nor does it receive other benefits from broker dealers or custodians in which it has an institutional advisory arrangement. Meridian may use one or more sub-advisors to manage or assist in managing all or a portion of a client's account. Sub-advisors must be registered as investment advisers with either the SEC or the appropriate state authority(ies). Meridian continuously monitors the performance of any accounts managed by a sub-advisor and has the authority to hire or fire the sub-advisor at its discretion.
Investment Strategy
Meridian Wealth Management employs various investment strategies to advise clients on their investments. These strategies include: - **Covered Call Options:** This strategy involves writing an option contract while simultaneously owning an equivalent number of shares of the underlying stock. - **Long-Term Purchases:** These are securities held for over a year. - **Short-Term Purchases:** These are securities held for less than a year.

2024-06-30

Top Buys (13F)

2024-06-30

Top Sells (13F)

Name % Change
MSFT Microsoft Corp. 11.23%
AAPL Apple Inc 11.04%
AMZN Amazon.com Inc. 8.47%
BRK.B Berkshire Hathaway I 4.86%
IVV iShares Core S&P 500 2.93%

2024-06-30

13F Holdings Summary

Name $ Change
NVDA NVIDIA Corp. 11.63%
XOM ExxonMobil Corp. (St 9.53%
SPY SPDR S&P 500 ETF TRU 5.37%
JPM JPMorgan Chase & Co. 4.68%
GOOGL Alphabet Inc. Class 3.07%

2024-06-30

13F Activity

Market Value $0.84b, Prior: $0.60b
Inflows (Outflows) as % of Total MV +6.0589%
New Purchases 290 stocks
Added To 0 stocks
Sold out of 199 stocks
Reduced holdings in 0 stocks
Top 10 Holdings % 43.1%
Turnover %[1] 100%
Turnover Alt %[2] 71.8%
Time Held Top 20 0 quarters
Time Held Top 10 0 quarters
Time Held All 10.42 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-06-30

13F Sector Allocation Over Time

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2024-06-30

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30

Portfolio Performance