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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 9 of 10  ·  200 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 WEC WISCONSIN ENERGY CORP Utilities 3,573.0 $377K 0.03% -112.0 -3.0% $105.46 +4.9%
162 UTHR UNITED THERAPEUTIC DEL Healthcare 769.0 $375K 0.03% -172.0 -18.3% $487.25 +15.7%
163 ESTC ELASTIC NV Technology 4,931.0 $372K 0.03% -650.0 -11.7% $75.44 -28.6%
164 ASB ASSOCIATED BANC-CORP Financial Services 14,372.0 $370K 0.03% -3K -17.8% $25.76 +8.9%
165 CRM SALESFORCE.COM INC. Technology 1,396.0 $370K 0.03% -346.0 -19.9% $264.91 -33.4%
166 ATEN A10 NETWORKS INC Technology 19,977.0 $353K 0.02% -4K -18.0% $17.69 +60.1%
167 OGE OGE ENERGY CORP Utilities 8,160.0 $348K 0.02% -2K -17.9% $42.70 +12.6%
168 CMC COMMERCIAL METAL Basic Materials 4,975.0 $344K 0.02% -1K -18.1% $69.22 +2.1%
169 COKE COCA-COLA BOTTLING CO Consumer Defensive 2,226.0 $341K 0.02% -478.0 -17.7% $153.30 +15.0%
170 FDIQ INVESCO KBW REGIONAL BANKING E 5,441.0 $336K 0.02% -1K -18.0% $61.84 +13.7%
171 IWV ISHARES TR RUSSELL 3000 811.0 $314K 0.02% -7.0 -0.9% $386.85 +8.7%
172 EVRG EVERGY INC Utilities 4,321.0 $313K 0.02% -37K -89.5% $72.49 +15.4%
173 KLIC KULICKE AND SOFFA INDUSTRIES I Technology 6,875.0 $313K 0.02% -1K -17.8% $45.56 +121.9%
174 IJH ISHARES S&P MIDCAP 400 INDEX 4,741.0 $313K 0.02% -306.0 -6.1% $66.00 +10.5%
175 V VISA INC COM CL A Financial Services 887.0 $311K 0.02% -49.0 -5.2% $350.56 -5.7%
176 AEP AMERICAN ELECTRIC POWER Utilities 2,656.0 $306K 0.02% -240.0 -8.3% $115.31 +12.4%
177 SLM SLM CORPORATION Financial Services 11,020.0 $298K 0.02% -527.0 -4.6% $27.06 -18.6%
178 SF STIFEL FINL CORP Financial Services 2,379.0 $298K 0.02% -3K -53.7% $125.22 -41.6%
179 GWW GRAINGER W W INC Industrials 293.0 $296K 0.02% -4.0 -1.4% $1009.05 +22.8%
180 MTLS MATERIALISE NV Technology 53,268.0 $296K 0.02% -2K -4.1% $5.55 +4.9%
Page 9 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%