Baseline
Track disclosed holdings with the standard reporting lag and no active reweighting.
AI Summary
Mid-value, lower-beta portfolio with decent absolute returns, but weaker benchmark-relative results and a meaningful drawdown history.
Portfolio Snapshot
Current optimized weights for the selected default session.
| Symbol | Name | Sector | Weight | Diff |
|---|---|---|---|---|
| FCNC.A | First Citizens BancShares, Inc. | Financials | 4.04% | 0 |
| DLTR | Dollar Tree, Inc. | Consumer Staples | 3.34% | 0 |
| TCBI | Texas Capital Bancshares, Inc. | Financials | 3.30% | 0 |
| LASR | nLIGHT, Inc. | Information Technology | 3.14% | 0 |
| NVST | Envista Holdings Corporation | Health Care | 2.90% | 0 |
| AXS | AXIS Capital Holdings Limited | Financials | 2.81% | 0 |
| CACI | CACI International Inc | Industrials | 2.81% | 0 |
| MIR | Mirion Technologies, Inc. | Information Technology | 2.76% | 0 |
| CCK | Crown Holdings, Inc. | Materials | 2.46% | 0 |
| EVRG | Evergy, Inc. | Utilities | 2.39% | 0 |
| BEPC | Brookfield Renewable Corporation | Utilities | 2.34% | 0 |
| CSTM | Constellium SE | Materials | 2.29% | 0 |
| PENG | Penguin Solutions, Inc. | Information Technology | 2.29% | 0 |
| UHAL | U-Haul Holding Company | Industrials | 2.22% | 0 |
| CEVA | CEVA, Inc. | Information Technology | 2.22% | 0 |
| TRMB | Trimble Inc. | Information Technology | 2.20% | 0 |
| CNM | Core & Main, Inc. | Industrials | 2.11% | 0 |
| RRX | Regal Rexnord Corporation | Industrials | 2.10% | 0 |
| CRC | California Resources Corporation | Energy | 2.07% | 0 |
| RAMP | LiveRamp Holdings, Inc. | Information Technology | 2.05% | 0 |
Sector Exposure
- Industrials22.84%
- Information Technology21.11%
- Financials15.35%
- Health Care11.38%
- Consumer Staples6.62%
- Utilities6.59%
- Materials6.33%
- Consumer Discretionary4.35%
Weight Changes
Notable position adjustments in the latest snapshot.
Performance vs Benchmark
Strategy NAV vs benchmark — hover for exact values.
Alpha Trend
Excess return vs benchmark over time.
Drawdown Trend
Underwater curve and peak drawdown marker.
Turnover Trend
Per-period turnover with average reference.
Strategy Comparison
All four default strategies side-by-side.
| Strategy | Annualized | Alpha | Sharpe | Max DD |
|---|---|---|---|---|
| Baseline | 6.98% | -0.62% | 0.64 | -26.88% |
| Momentum Screen | 8.37% | -3.24% | 0.49 | -44.28% |
| Basic Value Screen | 9.73% | -3.31% | 0.51 | -56.65% |
| Combo Equal Screen | 30.52% | 14.35% | 0.93 | -53.76% |
Recent Periods
Per-period performance vs benchmark.
| Period | Strategy | Benchmark | Excess | Turnover | Trades |
|---|---|---|---|---|---|
| 2023-03-31 | 3.38% | 7.90% | -4.52 | 22.22 | 33 |
| 2023-06-30 | -7.03% | -1.77% | -5.26 | 9.28 | 30 |
| 2023-09-30 | 6.22% | 10.11% | -3.89 | 19.33 | 31 |
| 2023-12-31 | 1.57% | 4.96% | -3.39 | 17.01 | 30 |
| 2024-03-31 | -0.08% | 2.31% | -2.40 | 11.98 | 27 |
| 2024-06-30 | 2.28% | 9.83% | -7.55 | 15.56 | 27 |
| 2024-09-30 | -0.94% | 2.76% | -3.70 | 12.22 | 24 |
| 2024-12-31 | 0.42% | -3.63% | +4.04 | 8.07 | 20 |
| 2025-03-31 | 1.89% | 9.22% | -7.32 | 11.07 | 21 |
| 2025-06-30 | -0.89% | 4.20% | -5.09 | 8.40 | 18 |
| 2025-09-30 | 4.41% | 1.46% | +2.94 | 10.48 | 18 |
| 2025-12-31 | 0.88% | 9.57% | -8.69 | 11.26 | 19 |
Strategy Q&A
Pre-generated questions and answers about this strategy.
- baseline13FChat AI
Did the latest disclosed rebalance increase concentration, sector risk, or style tilt?
The latest change list shows FCNC.A unchanged to 4.04%; DLTR unchanged to 3.34%; TCBI unchanged to 3.30%. Combined with top 5 16.72%, top 10 29.95%, top 20 51.84%, that tells the user whether the baseline is becoming more concentrated or simply refreshing existing exposure. For a static page, this is the best first check before deciding whether the raw disclosed book is still acceptable.
strategyViews.baseline.latestChangesstrategyViews.baseline.concentration↳ Review the latest additions, reductions, and exits against the fund mandate and benchmark.
- baseline13FChat AI
What does directly following Meridian Fund, Inc. - Meridian Contrarian Fund expose an investor to as of 2025-12-31?
The baseline is a direct read-through of the disclosed fund portfolio. It is led by FCNC.A (First Citizens BancShares, Inc.) 4.04%, DLTR (Dollar Tree, Inc.) 3.34%, and TCBI (Texas Capital Bancshares, Inc.) 3.30%, with sector exposure of Industrials 22.84%, Information Technology 21.11%, and Financials 15.35%. The baseline metrics show return 6.98%, alpha -0.62%, beta 0.55, Sharpe 0.64, Sortino 0.79, and max drawdown -26.88%, so this should be treated as an equity exposure with its own concentration and timing risk rather than a neutral benchmark clone.
fund.holdingsAsOfstrategyViews.baseline.topHoldingsstrategyViews.baseline.metrics↳ Compare the baseline holdings with the benchmark sector weights and identify the largest active risks.
- baseline13FChat AI
Which recent periods best explain the baseline risk-return trade-off?
The strongest recent period was 2024-12-31 (0.42% strategy return, -3.63% benchmark, 4.04% excess, 8.07% turnover), while the weakest was 2025-12-31 (0.88% strategy return, 9.57% benchmark, -8.69% excess, 11.26% turnover). Those periods should be read alongside baseline metrics of return 6.98%, alpha -0.62%, beta 0.55, Sharpe 0.64, Sortino 0.79, and max drawdown -26.88% to judge whether returns came from persistent exposure or a narrow timing window.
strategyViews.baseline.periodPerformancestrategyViews.baseline.metrics↳ Show the worst drawdown windows and the top holdings active during those periods.
Other strategies for this fund
Momentum Screen
Select holdings by historically observable momentum, targeting roughly one quarter of each period's original member count and no more than 20 names; when a period has over 100 members, pre-rank to the top 50 first.
Basic Value Screen
Select holdings using PE, PB, P/FCF, and EV/EBITDA, targeting roughly one quarter of each period's original member count and no more than 20 names; when a period has over 100 members, pre-rank to the top 50 first.
Combo Equal Screen
Filter for large-cap, quality, and low-leverage holdings, rank by composite quality/value/size score, keep the top 20 names, and equal-weight the selected names.