Merit Investment Management

Merit Investment Management as of June 30, 2011

Portfolio Holdings for Merit Investment Management

Merit Investment Management holds 20 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Annaly Capital Management 10.9 $4.9M 272k 18.04
Pepco Holdings 6.6 $3.0M 151k 19.63
Altria Group 6.3 $2.9M 108k 26.41
Reynolds American 6.3 $2.8M 77k 37.05
Windstream Corporation 6.2 $2.8M 214k 12.96
Frontier Communications 6.1 $2.7M 339k 8.07
Provident Energy 5.8 $2.6M 291k 8.93
Anworth Mortgage Asset Corporation 5.7 $2.6M 342k 7.51
Linn Energy 5.6 $2.5M 64k 39.07
Penn Virginia Resource Partners 5.5 $2.5M 93k 26.94
Duke Energy Corporation 5.2 $2.4M 125k 18.83
Pengrowth Energy Corp 5.1 $2.3M 184k 12.58
Energy Transfer Partners 5.0 $2.3M 47k 48.87
Pitney Bowes (PBI) 4.9 $2.2M 96k 22.99
Integrys Energy 4.6 $2.1M 40k 51.85
Cellcom Israel (CELJF) 4.1 $1.8M 66k 27.73
Enerplus Corp (ERF) 3.1 $1.4M 44k 31.61
Greif (GEF.B) 2.2 $1.0M 17k 60.26
Apple (AAPL) 0.8 $376k 1.1k 335.71
Regal Entertainment 0.0 $1.0k 50.00 20.00