MERIDIAN CAPITAL

Second Quarter 2026 — Market Commentary

Prepared for clients of Meridian Capital | July 10, 2026

S&P 500 (Q2 return)+8.7%
Portfolio composite+12.4%
Fixed income yield4.82%
AUM$2.84B

Equity markets sustained their momentum through the second quarter, led by technology and healthcare sectors. Our overweight position in AI infrastructure contributed 340 basis points of outperformance relative to the benchmark.

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Meridian Capital LLC · 123 Financial District, NY 10005
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