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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 7 of 10  ·  200 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 UNH UNITEDHEALTH GROUP INC Healthcare 2,711.0 $895K 0.06% -100.0 -3.6% $330.11 +16.1%
122 GLD SPDR GOLD TRUST Financial Services 2,020.0 $801K 0.05% -11.0 -0.5% $396.31 +5.2%
123 TMO THERMO FISHER SCIENTIFIC INC Healthcare 1,379.0 $799K 0.05% -31.0 -2.2% $579.45 -22.0%
124 CNM CORE & MAIN INC Industrials 15,339.0 $797K 0.05% -2K -12.3% $51.97 -9.3%
125 CBSH COMMERCE BANCSHARES Financial Services 15,065.0 $789K 0.05% -24K -61.4% $52.34 -0.3%
126 SCHP SCHWAB US TIPS ETF 29,002.0 $768K 0.05% -5K -13.5% $26.49 +0.5%
127 CPRX CATALYST PHARMACEUTICALS INC Healthcare 31,260.0 $730K 0.05% -1K -4.5% $23.34 +34.0%
128 CORT CORCEPT THERAPEUTICS INC Healthcare 20,902.0 $727K 0.05% -3K -10.7% $34.80 +71.5%
129 VOYA VOYA FINANCIAL INC Financial Services 9,398.0 $700K 0.05% -466.0 -4.7% $74.49 +10.6%
130 CLBT CELLEBRITE DI LTD Technology 38,060.0 $686K 0.05% -5K -10.8% $18.03 -27.0%
131 VXUS VANGUARD TOTAL INTL STOCK ETF 8,735.0 $659K 0.04% -707.0 -7.5% $75.44 +12.1%
132 CVX CHEVRON CORP Energy 4,288.0 $654K 0.04% -192.0 -4.3% $152.41 +25.3%
133 SLV ISHARES SILVER TRUST Financial Services 9,470.0 $610K 0.04% -36K -79.1% $64.42 +7.8%
134 BAE SYSTEMS PLC 6,400.0 $594K 0.04% -41.0 -0.6% $92.88
135 AIT APPLIED INDUSTRIAL TECHNOLOGIE Industrials 2,252.0 $578K 0.04% -497.0 -18.1% $256.77 +19.0%
136 ACIW ACI WORLDWIDE INC Technology 12,010.0 $574K 0.04% -1K -8.6% $47.81 -11.1%
137 VOO VANGUARD S&P 500 ETF 862.0 $541K 0.04% -32.0 -3.6% $627.06 +8.9%
138 PRI PRIMERICA INC. Financial Services 2,005.0 $518K 0.03% -196.0 -8.9% $258.36 +8.8%
139 MCK MCKESSON CORP Healthcare 614.0 $504K 0.03% -28.0 -4.4% $820.29 -6.6%
140 PATK PATRICK INDUSTRIES INC. Consumer Cyclical 4,644.0 $504K 0.03% -203.0 -4.2% $108.43 -16.8%
Page 7 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%