As of December 31, 2025, Book Value per Share stands at $22.08, reflecting an annual growth of 26.2%. Which represents an overall increase in per-share Book Value of 150.9% since the start of investment activities in the 4th Quarter of 2022.
- 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Full Year
- Consolidated Statement of Changes in Equity (value in %)
- Cash and Cash Equivalents 2.9 0.6 3.8 0.5 2.7
- Investments in Marketable Securities:
- Unrealized & Realized Gains (Losses) 0.8 6.1 4.0 2.7 15.4
- Capital Allocation Adjustments (1) 6.8 0.8 2.4 0.5 3.8
- Non-Core Assets Valuations 2.7 3.0 0.1 0.4 5.4
- Other Equity Adjustments (2) 0.0 0.1 1.0 0.0 1.0
- Total Change in Per-Share Book Value * %7.4 %9.0 %4.3 %3.4 %26.2
- $1.29 $1.69 $0.89 $0.72 $4.59
Fair value-based data. Internal valuation only. ⏐ Unaudited
* Totals may not equal the sum of components due to rounding.
Marketable Securities Portfolio
Year-End Summary
No. of Securities (FY)*
23
Annual Return**
20.1%
Turnover Ratio
Moderate (~10%)
* Represents the total number of distinct securities held or transacted at any point during the fiscal year.
** Full-year return calculated on a time-weighted basis for the 12 months ended December 31, 2025.
** Full-year return calculated on a time-weighted basis for the 12 months ended December 31, 2025.
4th Quarter Summary
No. of Securities
18
QRT Return*
4.3%
Turnover Ratio
Minimal (~5%)
* Returns are calculated using the time-weighted rate of return (TWR) methodology, net of external cash flows, and are reported based on the reference quarter.
Aggregated Metrics
CAGR
13.1%
Annualized STDEV
9.8%
Sharpe Ratio
1.09
P/E Ratio
20.40
Inception-to-Date (4th Quarter 2022 – 4th Quarter 2025).
About MMH
Meridian Moon Holdings is a holding company engaged in diversified investment activities, involving marketable securities and productive assets.
It operates as a privately held entity, does not seek outside capital, and is not listed on any stock exchange.
It operates as a privately held entity, does not seek outside capital, and is not listed on any stock exchange.
· Issued on January 8, 2026 ·