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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 6 of 10  ·  200 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 EME EMCOR GROUP INC Industrials 4,298.0 $2.6M 0.17% -412.0 -8.8% $611.79 +38.8%
102 VYM VANGUARD HIGH DIVIDEND YIELD E 17,794.0 $2.6M 0.17% -203.0 -1.1% $143.52 +9.6%
103 RMBS RAMBUS INC Technology 27,432.0 $2.5M 0.17% -1K -4.7% $91.89 +45.3%
104 GLPI GAMING AND LEISURE PROPERTIES Real Estate 52,303.0 $2.3M 0.15% -2K -2.8% $44.69 +6.3%
105 IJR ISHARES S&P SMALLCAP 600 16,843.0 $2.0M 0.13% -290.0 -1.7% $120.18 +13.4%
106 SUPN SUPERNUS PHARMACEUTICALS INC Healthcare 37,882.0 $1.9M 0.12% -3K -7.7% $49.70 -2.0%
107 GOOG ALPHABET INC CL C Communication Services 5,811.0 $1.8M 0.12% -364.0 -5.9% $313.81 +22.2%
108 MLI MUELLER INDUSTRIES INC Industrials 15,526.0 $1.8M 0.12% -776.0 -4.8% $114.80 +16.4%
109 VUG VANGUARD GROWTH ETF 3,368.0 $1.6M 0.11% -214.0 -6.0% $487.86 -82.1%
110 SCHB SCHWAB US BROAD MARKET ETF 60,315.0 $1.6M 0.10% -2K -2.9% $26.23 +9.0%
111 ALSN ALLISON TRANSMISSION HOLDINGS Consumer Cyclical 15,871.0 $1.6M 0.10% -2K -11.4% $97.90 +11.4%
112 SHM SPDR BARCLAYS CAPITAL SHRT TER 29,442.0 $1.4M 0.09% -3K -7.9% $47.99 -0.5%
113 MUB ISHARES NATIONAL AMT-FREE MUNI 13,065.0 $1.4M 0.09% -602.0 -4.4% $107.11 -1.0%
114 HD HOME DEPOT INC Consumer Cyclical 4,058.0 $1.4M 0.09% -337.0 -7.7% $344.11 -8.8%
115 ADEA ADEIA INC Technology 75,369.0 $1.3M 0.09% -8K -9.7% $17.25 +52.8%
116 FTDR FRONTDOOR INC Consumer Cyclical 19,950.0 $1.2M 0.08% -2K -8.2% $57.69 +6.6%
117 AXS AXIS CAPITAL HOLDINGS LTD Financial Services 9,641.0 $1.0M 0.07% -1K -13.4% $107.09 -6.0%
118 AGX ARGAN INC Industrials 3,252.0 $1.0M 0.07% -364.0 -10.1% $313.32 +105.7%
119 FEDERATED HERMES INC 18,645.0 $971K 0.06% -2K -9.3% $52.07
120 GDDY GODADDY INC Technology 7,706.0 $956K 0.06% -526.0 -6.4% $124.08 -26.2%
Page 6 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%