MFCRX — Meridian Contrarian Fund
Data updated: 2026-09-03
MFCRX — Meridian Contrarian Fund. United States Small Cap Value Equity · $679.45M AUM · 1.10% expense ratio. Holdings, fees, performance and SEC filings.
MFCRX Fund Overview
MFCRX — Meridian Contrarian Fund is a US mutual fund managed by Meridian Fund INC, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Meridian Fund INC
- Category: United States Small Cap Value Equity
- Assets under management: $679.45M
- Ticker: MFCRX
- SEC CIK: 0000745467
- SEC series ID: S000001463
- Share class ID: C000132944
MFCRX Investment Objective and Strategy
Meridian Contrarian Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Meridian Fund INC.
Investment objective
The MERIDIAN CONTRARIAN FUND seeks long-term growth of capital.
Principal investment strategy
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 invests in the stocks of businesses that are out of consensus favor and likely to have recently underperformed their peers, or the market due to what the Investment Adviser deems to be temporary operational issues. The Fund then emphasizes stocks which the Investment Adviser believes are undervalued in relation to the business’s (or 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.
The Fund generally sells investments when (i) the Investment Adviser concludes that the company’s fundamentals are not meeting expectations; (ii) better investment opportunities exist; and/or (iii) the company’s business has improved and this, in the Investment Adviser’s opinion, is reflected in the share price.
MFCRX Holdings
Top 10 holdings of Meridian Contrarian Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs Trust | 7.61% |
| Texas Capital Bancshares, Inc. | 2.59% |
| Envista Holdings Corp. | 2.57% |
| Regal Rexnord Corp. | 2.44% |
| First Citizens Bancshares, Inc. | 2.42% |
| Stit Govt And Agency Inst | 2.37% |
| Vse Corp. | 2.10% |
| Pdf Solutions, Inc. | 2.07% |
| Blackberry Ltd. | 2.05% |
| Dollar Tree, Inc. | 1.96% |
MFCRX Portfolio Allocation
Asset-class allocation of Meridian Contrarian Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.5% |
| Cash & Equivalents | 10.0% |
MFCRX Performance
Total returns for MFCRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 19.0% |
| 1 year | 29.8% |
| 3 years (annualised) | 16.1% |
| 5 years (annualised) | 8.4% |
MFCRX Risk Information
Risk metrics for MFCRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.2%
MFCRX Costs and Fees
MFCRX costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.25%
- Portfolio turnover: 38%
- Brokerage commissions: 16.26 bps of average net assets (SEC N-CEN)
MFCRX Cashflows
Over the 12 months to 2026-06, Meridian Contrarian Fund had net inflows of $12.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.69M |
| 2026-05 | −$3.77M |
| 2026-04 | −$6.05M |
| 2026-03 | −$3.00M |
| 2026-02 | −$4.03M |
| 2026-01 | −$4.12M |
MFCRX Debt Constituents
No individual debt constituents are reported in Meridian Contrarian Fund's latest SEC N-PORT filing.
MFCRX Prospectus and SEC Filings
Official Meridian Contrarian Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-24
- Prospectus (485BPOS) — filed 2024-10-28
- Prospectus (485BPOS) — filed 2023-10-27
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-09-03
- Annual census (N-CEN) — filed 2025-09-08
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.