# EDGAR Filing Document

**Accession Number:** 0000745467
**File Stem:** 0000940400-25-010139
**Filing Date:** 2025-11
**Character Count:** 58872
**Document Hash:** adda6c5f5605bfe61228f2faa50dfff2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010139.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MERIDIAN FUND INC
- **CENTRAL INDEX KEY:** 0000745467

**ORGANIZATION NAME:**
- **EIN:** 680024203
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04014
- **FILM NUMBER:** 251516136

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FILLMORE STREET
- **STREET 2:** SUITE 325
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-398-2929

**MAIL ADDRESS:**
- **STREET 1:** 100 FILLMORE STREET
- **STREET 2:** SUITE 325
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERIDIAN FUND INC/NEW
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### MERIDIAN HEDGED EQUITY FUND (Series ID: S000001461)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000003881 | Legacy Class   | MEIFX           |
| C000132936 | Investor Class | MRIEX           |
| C000132937 | Class A        | MRAEX           |
| C000156527 | Class C        | MRCEX           |

## Nport-Ex

### Meridian Hedged Equity Fund<br> Schedule of Investments

### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Common Stocks - 133.8%** | **Common Stocks - 133.8%** | **Common Stocks - 133.8%** |
| **Communication Services - 22.2%** | **Communication Services - 22.2%** | **Communication Services - 22.2%** |
| **Diversified Telecommunication Services - 0.8%** | **Diversified Telecommunication Services - 0.8%** | **Diversified Telecommunication Services - 0.8%** |
| GCI Liberty, Inc. Class C<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $33916 |
| Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;5892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258953 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292869 |
| **Entertainment - 13.3%** | **Entertainment - 13.3%** | **Entertainment - 13.3%** |
| Electronic Arts, Inc.<sup>2</sup> | &nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp; 1432070 |
| Live Nation Entertainment, Inc.<sup>1,2</sup> | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp; 2614400 |
| Madison Square Garden Entertainment Corp.<sup>1</sup> | &nbsp;&nbsp;&nbsp;4977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225160 |
| Walt Disney Co. (The) | &nbsp;&nbsp;&nbsp;3546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406017 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4677647 |
| **Interactive Media & Services - 4.4%** | **Interactive Media & Services - 4.4%** | **Interactive Media & Services - 4.4%** |
| Angi, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;2189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35593 |
| Match Group, Inc.<sup>2</sup> | &nbsp;&nbsp;43200 | &nbsp;&nbsp;&nbsp;&nbsp; 1525824 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1561417 |
| **Media - 3.7%** | **Media - 3.7%** | **Media - 3.7%** |
| Comcast Corp. Class A<sup>2</sup> | &nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754080 |
| Liberty Broadband Corp. Class C<sup>1</sup> | &nbsp;&nbsp;&nbsp;4553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289297 |
| Sirius XM Holdings, Inc.<sup>3</sup> | &nbsp;&nbsp;11515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268012 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1311389 |
| &nbsp;&nbsp;&nbsp;Total Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7843322 |
| **Consumer Discretionary - 32.2%** | **Consumer Discretionary - 32.2%** | **Consumer Discretionary - 32.2%** |
| **Broadline Retail - 2.8%** | **Broadline Retail - 2.8%** | **Broadline Retail - 2.8%** |
| Amazon.com, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;4460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979282 |
| **Diversified Consumer Services - 1.0%** | **Diversified Consumer Services - 1.0%** | **Diversified Consumer Services - 1.0%** |
| ADT, Inc.<sup>2</sup> | &nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348400 |
| **Hotels, Restaurants & Leisure - 17.9%** | **Hotels, Restaurants & Leisure - 17.9%** | **Hotels, Restaurants & Leisure - 17.9%** |
| Airbnb, Inc. Class A<sup>1,2</sup> | &nbsp;&nbsp;14400 | &nbsp;&nbsp;&nbsp;&nbsp; 1748448 |
| DraftKings, Inc. Class A<sup>1,2</sup> | &nbsp;&nbsp;38400 | &nbsp;&nbsp;&nbsp;&nbsp; 1436160 |
| Las Vegas Sands Corp.<sup>2</sup> | &nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp; 1290960 |
| MGM Resorts International<sup>1,2</sup> | &nbsp;&nbsp;52800 | &nbsp;&nbsp;&nbsp;&nbsp; 1830048 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6305616 |
| **Household Durables - 6.9%** | **Household Durables - 6.9%** | **Household Durables - 6.9%** |
| D.R. Horton, Inc.<sup>2</sup> | &nbsp;&nbsp;14500 | &nbsp;&nbsp;&nbsp;&nbsp; 2457315 |
| **Specialty Retail - 3.0%** | **Specialty Retail - 3.0%** | **Specialty Retail - 3.0%** |
| Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;1148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465158 |
| Valvoline, Inc.<sup>1,2</sup> | &nbsp;&nbsp;16900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606879 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072037 |
| **Textiles, Apparel & Luxury Goods - 0.6%** | **Textiles, Apparel & Luxury Goods - 0.6%** | **Textiles, Apparel & Luxury Goods - 0.6%** |
| NIKE, Inc. Class B | &nbsp;&nbsp;&nbsp;3025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210934 |
| &nbsp;&nbsp;&nbsp;Total Consumer Discretionary |  | &nbsp;&nbsp;&nbsp;&nbsp;11373584 |
| **Consumer Staples - 8.0%** | **Consumer Staples - 8.0%** | **Consumer Staples - 8.0%** |
| **Consumer Staples Distribution & Retail - 1.8%** | **Consumer Staples Distribution & Retail - 1.8%** | **Consumer Staples Distribution & Retail - 1.8%** |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437823 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| Target Corp. | &nbsp;&nbsp;&nbsp;2234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $200390 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638213 |
| **Food Products - 4.4%** | **Food Products - 4.4%** | **Food Products - 4.4%** |
| Archer-Daniels-Midland Co.<sup>2</sup> | &nbsp;&nbsp;15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896100 |
| Lamb Weston Holdings, Inc.<sup>2</sup> | &nbsp;&nbsp;11300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656304 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552404 |
| **Personal Care Products - 1.8%** | **Personal Care Products - 1.8%** | **Personal Care Products - 1.8%** |
| Kenvue, Inc.<sup>2</sup> | &nbsp;&nbsp;39412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 639656 |
| &nbsp;&nbsp;&nbsp;Total Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2830273 |
| **Energy - 7.8%** | **Energy - 7.8%** | **Energy - 7.8%** |
| **Oil, Gas & Consumable Fuels - 7.8%** | **Oil, Gas & Consumable Fuels - 7.8%** | **Oil, Gas & Consumable Fuels - 7.8%** |
| Cheniere Energy, Inc.<sup>2</sup> | &nbsp;&nbsp;&nbsp;6700 | &nbsp;&nbsp;&nbsp;&nbsp; 1574366 |
| Chevron Corp. | &nbsp;&nbsp;&nbsp;3310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514010 |
| Phillips 66<sup>2</sup> | &nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666498 |
| &nbsp;&nbsp;&nbsp;Total Energy |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2754874 |
| **Financials - 13.2%** | **Financials - 13.2%** | **Financials - 13.2%** |
| **Banks - 3.1%** | **Banks - 3.1%** | **Banks - 3.1%** |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630860 |
| U.S. Bancorp | &nbsp;&nbsp;&nbsp;9777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472522 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1103382 |
| **Capital Markets - 2.8%** | **Capital Markets - 2.8%** | **Capital Markets - 2.8%** |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;4398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740975 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238488 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979463 |
| **Financial Services - 4.7%** | **Financial Services - 4.7%** | **Financial Services - 4.7%** |
| PayPal Holdings, Inc.<sup>1,2</sup> | &nbsp;&nbsp;14660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 983100 |
| Visa, Inc. Class A | &nbsp;&nbsp;&nbsp;1955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667398 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1650498 |
| **Insurance - 2.6%** | **Insurance - 2.6%** | **Insurance - 2.6%** |
| Chubb Ltd.<sup>2</sup> | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931425 |
| &nbsp;&nbsp;&nbsp;Total Financials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4664768 |
| **Health Care - 7.3%** | **Health Care - 7.3%** | **Health Care - 7.3%** |
| **Biotechnology - 0.1%** | **Biotechnology - 0.1%** | **Biotechnology - 0.1%** |
| GRAIL, Inc.<sup>1,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38139 |
| **Life Sciences Tools & Services - 4.8%** | **Life Sciences Tools & Services - 4.8%** | **Life Sciences Tools & Services - 4.8%** |
| Danaher Corp.<sup>2</sup> | &nbsp;&nbsp;&nbsp;6825 | &nbsp;&nbsp;&nbsp;&nbsp; 1353124 |
| Illumina, Inc.<sup>1,2</sup> | &nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322898 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1676022 |
| **Pharmaceuticals - 2.4%** | **Pharmaceuticals - 2.4%** | **Pharmaceuticals - 2.4%** |
| Johnson & Johnson | &nbsp;&nbsp;&nbsp;2215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410705 |
| Royalty Pharma Plc Class A | &nbsp;&nbsp;12759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450138 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860843 |
| &nbsp;&nbsp;&nbsp;Total Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2575004 |

---

------

---

| | |
|:---|:---|
| **Meridian Funds** <sub>1</sub> | **www.arrowmarkpartners.com/meridian/** |

---

------

### Meridian Hedged Equity Fund<br> Schedule of Investments (continued)

### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Industrials - 13.7%** | **Industrials - 13.7%** | **Industrials - 13.7%** |
| **Commercial Services & Supplies - 13.7%** | **Commercial Services & Supplies - 13.7%** | **Commercial Services & Supplies - 13.7%** |
| ACV Auctions, Inc. Class A<sup>1,2</sup> | &nbsp;&nbsp;53594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $531116 |
| GEO Group, Inc. (The)<sup>1,2</sup> | 109500 | &nbsp;&nbsp;&nbsp;&nbsp; 2243655 |
| GFL Environmental, Inc.<sup>2</sup> | &nbsp;&nbsp;43426 | &nbsp;&nbsp;&nbsp;&nbsp; 2057524 |
| &nbsp;&nbsp;&nbsp;Total Industrials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4832295 |
| **Information Technology - 22.6%** | **Information Technology - 22.6%** | **Information Technology - 22.6%** |
| **IT Services - 6.4%** | **IT Services - 6.4%** | **IT Services - 6.4%** |
| Shopify, Inc. Class A (Canada)<sup>1,2</sup> | &nbsp;&nbsp;15300 | &nbsp;&nbsp;&nbsp;&nbsp; 2273733 |
| **Semiconductors & Semiconductor Equipment - 2.4%** | **Semiconductors & Semiconductor Equipment - 2.4%** | **Semiconductors & Semiconductor Equipment - 2.4%** |
| GLOBALFOUNDRIES, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150528 |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp;2530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472047 |
| QUALCOMM, Inc.<sup>2</sup> | &nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216268 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838843 |
| **Software - 13.7%** | **Software - 13.7%** | **Software - 13.7%** |
| Clear Secure, Inc. Class A<sup>2</sup> | &nbsp;&nbsp;96000 | &nbsp;&nbsp;&nbsp;&nbsp; 3204480 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;1513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783658 |
| Workday, Inc. Class A<sup>1,2</sup> | &nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312949 |
| Zoom Communications, Inc. Class A<sup>1,2</sup> | &nbsp;&nbsp;&nbsp;6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519750 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4820837 |
| **Technology Hardware, Storage & Peripherals - 0.1%** | **Technology Hardware, Storage & Peripherals - 0.1%** | **Technology Hardware, Storage & Peripherals - 0.1%** |
| Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22408 |
| &nbsp;&nbsp;&nbsp;Total Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7955821 |
| **Materials - 1.4%** | **Materials - 1.4%** | **Materials - 1.4%** |
| **Chemicals - 1.4%** | **Chemicals - 1.4%** | **Chemicals - 1.4%** |
| International Flavors & Fragrances, Inc.<sup>2</sup> | &nbsp;&nbsp;&nbsp;7800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480012 |
| &nbsp;&nbsp;&nbsp;Total Materials |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480012 |
| **Real Estate - 3.0%** | **Real Estate - 3.0%** | **Real Estate - 3.0%** |
| **Real Estate Management & Development - 0.1%** | **Real Estate Management & Development - 0.1%** | **Real Estate Management & Development - 0.1%** |
| Seaport Entertainment Group, Inc.<sup>1</sup> | &nbsp;&nbsp;&nbsp;1361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31194 |
| **Specialized REITs - 2.9%** | **Specialized REITs - 2.9%** | **Specialized REITs - 2.9%** |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;2096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403103 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 604661 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007764 |
| &nbsp;&nbsp;&nbsp;Total Real Estate |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1038958 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;Value |
| **Utilities - 2.4%** | **Utilities - 2.4%** | **Utilities - 2.4%** |
| **Electric Utilities - 1.3%** | **Electric Utilities - 1.3%** | **Electric Utilities - 1.3%** |
| Entergy Corp. | &nbsp;&nbsp;&nbsp;4787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $446101 |
| **Independent Power & Renewable Electricity Producers - 1.1%** | **Independent Power & Renewable Electricity Producers - 1.1%** | **Independent Power & Renewable Electricity Producers - 1.1%** |
| Vistra Corp. | &nbsp;&nbsp;&nbsp;2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401048 |
| &nbsp;&nbsp;&nbsp;Total Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847149 |
| &nbsp;&nbsp;&nbsp;Total Common Stocks - 133.8%<br> (Cost $39,578,154) |  | &nbsp;&nbsp;&nbsp;&nbsp;47196060 |

---

---

| | | |
|:---|:---|:---|
|  | Shares/<br> Principal<br> Amount |  |
| **Short-Term Investments - 0.1%** | **Short-Term Investments - 0.1%** | **Short-Term Investments - 0.1%** |
| **Money Market Funds - 0.1%** | **Money Market Funds - 0.1%** | **Money Market Funds - 0.1%** |
| Invesco Short Term Investments, Government & Agency Portfolio, Institutional Class, 4.05% <sup>4,5</sup><br> (Cost $38,668) | 38668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38668 |
| &nbsp;&nbsp;&nbsp;Total Short-Term<br> Investments - 0.1%<br> (Cost $38,668) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38668 |
| **Total Investments - 133.9%<br> (Cost $39,616,822)** |  | &nbsp;&nbsp;&nbsp;&nbsp;<br> 47234728 |
| Liabilities in Excess of Other Assets - (33.9)% |  | &nbsp;&nbsp;&nbsp;&nbsp;(11950517) |
| **Net Assets - 100.0%** |  | &nbsp;&nbsp;**$35284211** |

---

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;Value |
| **Call Options Written - (33.8)%** | **Call Options Written - (33.8)%** |
| &nbsp;&nbsp;&nbsp;Total Call Options Written - (33.8)%<br> (Premium received $(10218100)) | &nbsp;&nbsp;$(11938847) |

---

**Plc—Public Limited Company** 

<sup>1</sup> Non-income producing securities.

<sup>2</sup> Securities, or a portion thereof, with a value of $33,887,258 were pledged as collateral for written options by the fund.

<sup>3</sup> All or portion of this security is on loan at September 30, 2025. Total value of such securities at period-end amounts to $306,150 and represents 0.87% of net assets.

<sup>4</sup> The rate shown is the 7-Day SEC yield as of September 30, 2025.

<sup>5</sup> Collateral received from brokers for securities lending was invested in short-term investments.

------

---

| | |
|:---|:---|
| **Meridian Funds** <sub>2</sub> | **www.arrowmarkpartners.com/meridian/** |

---

------

### Meridian Hedged Equity Fund<br> Schedule of Investments (continued)

### September 30, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exchange-Traded Options Written** | **Exchange-Traded Options Written** | **Exchange-Traded Options Written** | **Exchange-Traded Options Written** | **Exchange-Traded Options Written** | **Exchange-Traded Options Written** | **Exchange-Traded Options Written** |
| **Description** | &nbsp;&nbsp;**Strike Price** | &nbsp;&nbsp;**Expiration Date** | &nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Premium<br> Received** | &nbsp;&nbsp;**Value** |
| **Call** |  |  |  |  |  |  |
| ACV Auctions, Inc. Class A | &nbsp;&nbsp;&nbsp; $10.00 | &nbsp;&nbsp;11/21/25 | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; $396400 | &nbsp;&nbsp;&nbsp;&nbsp; $(252948) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(38000) |
| ADT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00 | &nbsp;&nbsp;11/21/25 | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (89538) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (114000) |
| GFL Environmental, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35.00 | &nbsp;&nbsp;12/19/25 | &nbsp;&nbsp;259 | &nbsp;&nbsp;&nbsp;&nbsp; 1227142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (297529) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (344470) |
| Airbnb, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 85.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;144 | &nbsp;&nbsp;&nbsp;&nbsp; 1748448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (547495) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (559440) |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp;&nbsp;&nbsp; 45.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (189507) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (232500) |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 155.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;67 | &nbsp;&nbsp;&nbsp;&nbsp; 1574366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (284160) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (553420) |
| Clear Secure, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 16.86 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp; 3204480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (630660) | &nbsp;&nbsp;&nbsp;&nbsp; (1660800) |
| D.R. Horton, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 120.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 830403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (192158) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (254800) |
| D.R. Horton, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 115.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;&nbsp;&nbsp; 1626912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (362853) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (544320) |
| GEO Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 15.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp; 1987530 | &nbsp;&nbsp;&nbsp;&nbsp; (1439324) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (640200) |
| Illumina, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 80.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (265550) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (100300) |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (205257) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18800) |
| Live Nation Entertainment, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 70.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp; 2614400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (509252) | &nbsp;&nbsp;&nbsp;&nbsp; (1545600) |
| Match Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 678144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (254248) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (213888) |
| MGM Resorts International | &nbsp;&nbsp;&nbsp;&nbsp; 40.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;384 | &nbsp;&nbsp;&nbsp;&nbsp; 1330944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (524188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41472) |
| QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 185.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (72522) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6903) |
| Valvoline, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (224711) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121680) |
| Zoom Communications, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 55.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (148000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (179865) |
| Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 255.00 | &nbsp;&nbsp;&nbsp;&nbsp;3/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (136536) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (123090) |
| Las Vegas Sands Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 35.00 | &nbsp;&nbsp;&nbsp;&nbsp;3/20/26 | &nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp; 1290960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (366564) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (474000) |
| Shopify, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 45.00 | &nbsp;&nbsp;&nbsp;&nbsp;3/20/26 | &nbsp;&nbsp;153 | &nbsp;&nbsp;&nbsp;&nbsp; 2273733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (559021) | &nbsp;&nbsp;&nbsp;&nbsp; (1613385) |
| GEO Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 18.00 | &nbsp;&nbsp;&nbsp;&nbsp;4/17/26 | &nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121773) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (63750) |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 200.00 | &nbsp;&nbsp;&nbsp;&nbsp;6/18/26 | &nbsp;&nbsp;&nbsp;&nbsp;48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (218176) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (104064) |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65.00 | &nbsp;&nbsp;&nbsp;&nbsp;6/18/26 | &nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (133033) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (51480) |
| PayPal Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 60.00 | &nbsp;&nbsp;&nbsp;&nbsp;6/18/26 | &nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (298405) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (157550) |
| Kenvue, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18.00 | &nbsp;&nbsp;&nbsp;&nbsp;9/18/26 | &nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (120171) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50880) |
| MGM Resorts International | &nbsp;&nbsp;&nbsp;&nbsp; 40.00 | &nbsp;&nbsp;12/18/26 | &nbsp;&nbsp;144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (221620) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (64080) |
| Comcast Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 30.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/15/27 | &nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (184582) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (106800) |
| DraftKings, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 20.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/15/27 | &nbsp;&nbsp;384 | &nbsp;&nbsp;&nbsp;&nbsp; 1436160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (586348) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (739200) |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 115.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;71 | &nbsp;&nbsp;&nbsp;&nbsp; 1432070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (234788) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (642550) |
| Match Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/15/27 | &nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (296663) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (294000) |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp; 110.00 | &nbsp;&nbsp;&nbsp;&nbsp;1/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (143999) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (165130) |
| Workday, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 175.00 | &nbsp;&nbsp;&nbsp;&nbsp;6/17/27 | &nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (106521) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (118430) |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | &nbsp;&nbsp;$(10218100) | &nbsp;&nbsp;$(11938847) |

---

------

---

| | |
|:---|:---|
| **Meridian Funds** <sub>3</sub> | **www.arrowmarkpartners.com/meridian/** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Meridian Fund Inc

- **b. Investment Company Act file number:** 811-04014

- **c. CIK number of Registrant:** 0000745467

- **d. LEI of Registrant:** 54930021O592GQO2XJ18

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Fillmore Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-398-2929

**Item A.2. Information about the Series.**

- **a. Name of Series:** Meridian Hedged Equity Fund

- **b. EDGAR series identifier (if any):** S000001461

- **c. LEI of Series:** 549300Y3M201YW1GRZ09

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $47310101.96

**Total Liabilities:** $12038578.40

**Net Assets:** $35271523.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000156527 | 0.95%                | 1.02%                | -0.55%               |
| Class ID C000003881 | 1.09%                | 1.08%                | -0.50%               |
| Class ID C000132937 | 1.06%                | 1.04%                | -0.44%               |
| Class ID C000132936 | 1.02%                | 1.08%                | -0.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1744256.48              | $-935113.30                                |
| Month 2  | $-70396.04               | $2081253.32                                |
| Month 3  | $262819.19               | $-1835733.40                               |

**Designated Index Information**

- **Index Name:** S&P 500 (Price)

- **Index Identifier:** 500

### Schedule of Portfolio Investments

| Name                            | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Valvoline Inc                   | Valvoline Inc                            | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     16900 | NS      | $606879.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ARCHER-DANIELS-MIDLAND CO                | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -150 | NC      | $-232500.00   | -0.66%            |  |  |  | No            |                  2 | On Loan: No      |
| DR Horton Inc                   | DR Horton Inc                            | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     14500 | NS      | $2457315.00   | 6.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                     | Vistra Corp                              | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2047 | NS      | $401048.24    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                       | Apple Inc                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |        88 | NS      | $22407.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai  | Madison Square Garden Entertainment Corp | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4977 | NS      | $225159.48    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International       | MGM Resorts International                | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     52800 | NS      | $1830048.00   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                      | US Bancorp                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      9777 | NS      | $472522.41    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ELECTRONIC ARTS INC                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -71 | NC      | $-642550.00   | -1.82%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ILLUMINA INC                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -34 | NC      | $-100300.00   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBALFOUNDRIES Inc             | GLOBALFOUNDRIES Inc                      | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | US        |      4200 | NS      | $150528.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | KENVUE INC                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-50880.00    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MATCH GROUP INC                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-294000.00   | -0.83%            |  |  |  | No            |                  2 | On Loan: No      |
| DraftKings Inc                  | DraftKings Inc                           | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     38400 | NS      | $1436160.00   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ZOOM COMMUNICATIONS INC                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -63 | NC      | $-179865.00   | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                     | Equinix Inc                              | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       772 | NS      | $604661.28    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | SHOPIFY INC                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -153 | NC      | $-1613385.00  | -4.57%            |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications Inc      | Verizon Communications Inc               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      5892 | NS      | $258953.40    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | CHENIERE ENERGY INC                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -67 | NC      | $-553420.00   | -1.57%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | AIRBNB INC                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -144 | NC      | $-559440.00   | -1.59%            |  |  |  | No            |                  2 | On Loan: No      |
| ACV Auctions Inc                | ACV Auctions Inc                         | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53594 | NS      | $531116.54    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | CHUBB LTD                                | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |       -33 | NC      | $-123090.00   | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| Zoom Communications Inc         | Zoom Communications Inc                  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      6300 | NS      | $519750.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | GEO GROUP INC/THE                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -970 | NC      | $-640200.00   | -1.82%            |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co/The              | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      3546 | NS      | $406017.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                    | Entergy Corp                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      4787 | NS      | $446100.53    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | PHILLIPS 66                              | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |       -49 | NC      | $-165130.00   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| Johnson & Johnson               | Johnson & Johnson                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2215 | NS      | $410705.30    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp             | American Tower Corp                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      2096 | NS      | $403102.72    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | QUALCOMM INC                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-6903.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc             | PayPal Holdings Inc                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     14660 | NS      | $983099.60    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                        | Angi Inc                                 | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |      2189 | NS      | $35593.14     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IFF                             | International Flavors & Fragrances Inc   | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      7800 | NS      | $480012.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The               | GEO Group Inc/The                        | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    109500 | NS      | $2243655.00   | 6.36%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MGM RESORTS INTERNATIONAL                | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -384 | NC      | $-41472.00    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc          | Sirius XM Holdings Inc                   | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11515 | NS      | $268011.63    | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| QUALCOMM Inc                    | QUALCOMM Inc                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1300 | NS      | $216268.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc           | GFL Environmental Inc                    | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |     43426 | NS      | $2057523.88   | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                  | S&P Global Inc                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       490 | NS      | $238487.90    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                     | Phillips 66                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      4900 | NS      | $666498.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                  | Amazon.com Inc                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4460 | NS      | $979282.20    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | GEO GROUP INC/THE                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -125 | NC      | $-63750.00    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| NASDAQ, INC.                    | CLEAR SECURE INC                         | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |      -960 | NC      | $-1660800.00  | -4.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC              | Royalty Pharma PLC                       | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | US        |     12759 | NS      | $450137.52    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                      | Airbnb Inc                               | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     14400 | NS      | $1748448.00   | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | DRAFTKINGS INC                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -384 | NC      | $-739200.00   | -2.10%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | LIVE NATION ENTERTAINMENT INC            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -160 | NC      | $-1545600.00  | -4.38%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2530 | NS      | $472047.40    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ, INC.                    | LAS VEGAS SANDS CORP                     | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-474000.00   | -1.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc   | Intercontinental Exchange Inc            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      4398 | NS      | $740975.04    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                       | Chubb Ltd                                | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      3300 | NS      | $931425.00    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                        | NIKE Inc                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      3025 | NS      | $210933.25    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc             | Cheniere Energy Inc                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      6700 | NS      | $1574366.00   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                         | ADT Inc                                  | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $348400.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MATCH GROUP INC                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -192 | NC      | $-213888.00   | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | ACV AUCTIONS INC                         | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -400 | NC      | $-38000.00    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | DR HORTON INC                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -49 | NC      | $-254800.00   | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| Match Group Inc                 | Match Group Inc                          | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     43200 | NS      | $1525824.00   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                | Clear Secure Inc                         | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96000 | NS      | $3204480.00   | 9.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp           | Costco Wholesale Corp                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       473 | NS      | $437822.99    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                        | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1955 | NS      | $667397.90    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | WORKDAY INC                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-118430.00   | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp                    | Chevron Corp                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3310 | NS      | $514009.90    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | LAMB WESTON HOLDINGS INC                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -80 | NC      | $-18800.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | VALVOLINE INC                            | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -169 | NC      | $-121680.00   | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                     | Shopify Inc                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     15300 | NS      | $2273733.00   | 6.45%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | PAYPAL HOLDINGS INC                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -115 | NC      | $-157550.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                    | Illumina Inc                             | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      3400 | NS      | $322898.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co             | JPMorgan Chase & Co                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2000 | NS      | $630860.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                      | Kenvue Inc                               | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     39412 | NS      | $639656.76    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | ADT INC                                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -400 | NC      | $-114000.00   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                    | Comcast Corp                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     24000 | NS      | $754080.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                     | Workday Inc                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1300 | NS      | $312949.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc             | Electronic Arts Inc                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      7100 | NS      | $1432070.00   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc   | Live Nation Entertainment Inc            | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     16000 | NS      | $2614400.00   | 7.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Seaport Entertainment Group In  | Seaport Entertainment Group Inc          | CUSIP: 812215200<br>LEI: 2549006G3SN205YAST27 | Long             | EC               | CORP              | US        |      1361 | NS      | $31194.12     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co       | Archer-Daniels-Midland Co                | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     15000 | NS      | $896100.00    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| STIT GOVT AND AGENCY INST       | STIT GOVT AND AGENCY INST                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     38668 | PA      | $38667.73     | 0.11%             | 2024-12-02      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | DANAHER CORP                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -48 | NC      | $-104064.00   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp          | Liberty Broadband Corp                   | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      4553 | NS      | $289297.62    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | COMCAST CORP                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -240 | NC      | $-106800.00   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The              | Home Depot Inc/The                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1148 | NS      | $465158.12    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                       | GRAIL Inc                                | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |       645 | NS      | $38138.85     | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| INTERCONTINENTAL EXCHANGE, INC. | MGM RESORTS INTERNATIONAL                | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -144 | NC      | $-64080.00    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | DR HORTON INC                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -96 | NC      | $-544320.00   | -1.54%            |  |  |  | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings Inc        | Lamb Weston Holdings Inc                 | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     11300 | NS      | $656304.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                    | Danaher Corp                             | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      6825 | NS      | $1353124.50   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | INTERNATIONAL FLAVORS & FRAGRANCES INC   | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |       -78 | NC      | $-51480.00    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                  | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1513 | NS      | $783658.35    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | GFL ENVIRONMENTAL INC                    | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -259 | NC      | $-344470.00   | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp            | Las Vegas Sands Corp                     | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     24000 | NS      | $1290960.00   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                 | GCI Liberty Inc                          | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       910 | NS      | $33915.70     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                     | Target Corp                              | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      2234 | NS      | $200389.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Meridian Fund Inc

**Signature:** Katie Jones

**Name of Signer:** Katie Jones

**Title:** CFO/Treasurer