Meridian Growth Fund
MRAGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Fillmore Street Denver CO United States of America 80206
- IPO Date
- Nov 19, 2013
- CIK
- 0000745467
- Website
- arrowmarkpartners.com
- Similar Companies
- Business
- Meridian Growth Fund (MRAGX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in equity securities of small- and mid-capitalization U.S. growth companies exhibiting prospects for above-average revenue and earnings growth, driven by factors such as high sales growth, improving returns on assets and equity, and strong balance sheets; it may allocate up to 25% of assets to foreign securities, including emerging markets. The fund offers multiple share classes, including Class A (MRAGX, with 5.75% maximum front-end sales charge), Class C (MRCGX), Investor Class (MRIGX), Institutional Class (MRRGX), and Legacy Class (MERDX), each with varying expense ratios ranging from 0.88% to 1.93% net; portfolio turnover was 33% for the fiscal year ended June 30, 2024, with approximately 89 holdings, a weighted-average market capitalization of $8.2 billion, and sector exposures including significant allocations to industrials and healthcare. Top holdings as of late 2024 typically include Trimble Inc. (TRMB), Ziff Davis Inc. (ZD), CarGurus Inc. (CARG), Dynatrace Inc. (DT), and GlobalFoundries Inc. (GFS), among others like Churchill Downs Incorporated (CHDN) and STERIS plc (STE). Incepted on August 1, 1984, and headquartered at 60 East Sir Francis Drake Blvd., Larkspur, California, the fund operates under ArrowMark Colorado Holdings LLC as investment adviser, with co-portfolio managers Chad Meade and Brian Schaub overseeing day-to-day management since September 2013; assets under management stood at $714 million as of September 30, 2025. Recent developments include the reopening of Class A, Investor Class, and other share classes to new investors in October 2024 following an extended closure due to capacity limits reached in 2017-2018, reflecting a strategic decision by ArrowMark Partners to accommodate renewed demand after a period of soft returns; Class C shares remain largely closed to new investors except for specific exceptions like existing shareholders and certain retirement plans. The fund reported a net return of -1.78% for Q3 2025, underperforming the Russell 2500 Growth Index amid sector allocation decisions and exclusion of non-qualifying securities, with portfolio adjustments such as reductions in positions like Alight Inc. (ALIT).