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Portfolio (Quarterly) Guide ↗

MERITAGE PORTFOLIO MANAGEMENT

· CIK 0000881432
13F Portfolio $1.5B AUM 323 positions Filed Jan 27, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 19 New 51 Added 200 Reduced 25 Exited
Page 4 of 10  ·  200 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 HALO HALOZYME THERAPEUTICS, INC. Healthcare 86,552.0 $5.8M 0.39% -4K -4.0% $67.30 +1.8%
62 TPR TAPESTRY INC Consumer Cyclical 45,468.0 $5.8M 0.39% -3K -5.5% $127.77 +6.3%
63 NWE NORTHWESTERN ENERGY GROUP INC. Utilities 85,370.0 $5.5M 0.37% -2K -2.6% $64.54 +11.2%
64 BTI BRITISH AMERICAN TOBACCO PLC A Consumer Defensive 94,693.0 $5.4M 0.36% -1K -1.4% $56.62 +16.1%
65 CMI CUMMINS INC Industrials 10,459.0 $5.3M 0.35% -103.0 -1.0% $510.45 +25.1%
66 FITB FIFTH THIRD BANCORP Financial Services 112,889.0 $5.3M 0.35% -4K -3.3% $46.81 +5.0%
67 UGI UGI CORP Utilities 136,203.0 $5.1M 0.34% -5K -3.3% $37.43 -6.2%
68 AMGN AMGEN Healthcare 15,490.0 $5.1M 0.34% -483.0 -3.0% $327.31 +3.1%
69 BP B P PLC-SPON ADR Energy 145,044.0 $5.0M 0.33% -3K -2.0% $34.73 +29.2%
70 PSA PUBLIC STORAGE INC Real Estate 19,158.0 $5.0M 0.33% -1K -6.0% $259.50 +16.7%
71 FIS FIDELITY NATIONAL INFORMATION Technology 73,536.0 $4.9M 0.32% -850.0 -1.1% $66.46 -34.4%
72 PHM PULTEGROUP INC Consumer Cyclical 41,259.0 $4.8M 0.32% -1K -3.0% $117.26 -0.9%
73 VBK VANGUARD SMALL CAP GROWTH ETF 15,374.0 $4.6M 0.31% -566.0 -3.5% $302.11 +13.7%
74 PEG PUBLIC SERVICE ENTERPRISE GRP Utilities 57,535.0 $4.6M 0.31% -2K -3.0% $80.30 -2.3%
75 GFF GRIFFON CORPORATION Industrials 61,207.0 $4.5M 0.30% -2K -3.3% $73.65 +14.9%
76 ANNALY CAPITAL MANAGEMENT 199,570.0 $4.5M 0.30% -2K -0.8% $22.36
77 SLF SUN LIFE FINANCIAL INC. Financial Services 71,438.0 $4.5M 0.30% -804.0 -1.1% $62.40 +17.0%
78 SHEL SHELL PLC Energy 60,243.0 $4.4M 0.29% -684.0 -1.1% $73.48 +18.0%
79 APTIV PLC 58,010.0 $4.4M 0.29% -3K -4.8% $76.09
80 NJR NEW JERSEY RESOURCES CORP Utilities 94,634.0 $4.4M 0.29% -615.0 -0.7% $46.12 +24.0%
Page 4 of 10  ·  200 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 33.4%
Financial Services 15.0%
Communication Services 11.5%
Consumer Cyclical 11.0%
Healthcare 7.8%
Industrials 5.8%
Energy 4.8%
Consumer Defensive 3.6%
Real Estate 3.4%
Utilities 2.8%