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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 5 of 10  ·  200 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 GTX GARRETT MOTION INC Consumer Cyclical 248,359.0 $4.3M 0.29% -3K -1.1% $17.43 +90.6%
82 APAM ARTISAN PARTNERS ASSET MANAGEM Financial Services 104,939.0 $4.3M 0.28% -1K -1.0% $40.74 -8.9%
83 ACGL ARCH CAPITAL GROUP Financial Services 44,215.0 $4.2M 0.28% -1K -2.8% $95.92 +0.2%
84 KR KROGER CO Consumer Defensive 64,311.0 $4.0M 0.27% -2K -3.1% $62.48 +7.3%
85 MGA MAGNA INTL CL A Consumer Cyclical 74,204.0 $4.0M 0.26% -736.0 -1.0% $53.30 +18.4%
86 PM PHILIP MORRIS INTERNATIONAL Consumer Defensive 24,593.0 $3.9M 0.26% -651.0 -2.6% $160.40 +17.6%
87 NTAP NETAPP INC. Technology 36,398.0 $3.9M 0.26% -1K -3.4% $107.09 +15.7%
88 MTDR MATADOR RESOURCES COMPANY Energy 88,130.0 $3.7M 0.25% -5K -5.1% $42.44 +32.2%
89 PAYX PAYCHEX INC Industrials 33,058.0 $3.7M 0.25% -463.0 -1.4% $112.18 -16.0%
90 LEA LEAR CORPORATION Consumer Cyclical 32,142.0 $3.7M 0.24% -338.0 -1.0% $114.60 +20.8%
91 MDT MEDTRONIC HLDG LTD Healthcare 35,931.0 $3.5M 0.23% -438.0 -1.2% $96.06 -18.6%
92 CFG CITIZENS FINANCIAL GROUP INC Financial Services 57,476.0 $3.4M 0.22% -540.0 -0.9% $58.41 +7.5%
93 POR PORTLAND GENERAL ELECTRIC CO Utilities 69,619.0 $3.3M 0.22% -530.0 -0.8% $47.99 +3.6%
94 PRU PRUDENTIAL FINANCIAL INC Financial Services 29,564.0 $3.3M 0.22% -299.0 -1.0% $112.88 -8.6%
95 SUB ISHARES S&P SHORT TERM NATIONA 30,465.0 $3.3M 0.22% -2K -6.6% $106.70 -0.4%
96 CMCSA COMCAST CORP CL A Communication Services 104,166.0 $3.1M 0.21% -5K -4.6% $29.89 -16.1%
97 VRTS VIRTUS INVESTMENT PARTNERS INC Financial Services 18,506.0 $3.0M 0.20% -1K -5.1% $163.15 -15.5%
98 BKH BLACK HILLS CORP Utilities 41,683.0 $2.9M 0.19% -43K -50.6% $69.42 +6.8%
99 FIX COMFORT SYSTEMS USA INC Industrials 2,965.0 $2.8M 0.18% -321.0 -9.8% $933.29 +96.5%
100 HMN HORACE MANN EDUCATORS CORP Financial Services 59,364.0 $2.7M 0.18% -572.0 -0.9% $46.18 +3.2%
Page 5 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%