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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 14 of 17  ·  322 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
261 AXP AMERICAN EXPRESS CO Financial Services 909.0 $336K 0.02% $369.95 -16.3%
262 IWV ISHARES TR RUSSELL 3000 811.0 $314K 0.02% -7.0 -0.9% $386.85 +8.7%
263 EVRG EVERGY INC Utilities 4,321.0 $313K 0.02% -37K -89.5% $72.49 +15.4%
264 KLIC KULICKE AND SOFFA INDUSTRIES I Technology 6,875.0 $313K 0.02% -1K -17.8% $45.56 +121.9%
265 IJH ISHARES S&P MIDCAP 400 INDEX 4,741.0 $313K 0.02% -306.0 -6.1% $66.00 +10.5%
266 V VISA INC COM CL A Financial Services 887.0 $311K 0.02% -49.0 -5.2% $350.56 -5.7%
267 AEP AMERICAN ELECTRIC POWER Utilities 2,656.0 $306K 0.02% -240.0 -8.3% $115.31 +12.4%
268 SLM SLM CORPORATION Financial Services 11,020.0 $298K 0.02% -527.0 -4.6% $27.06 -18.6%
269 SF STIFEL FINL CORP Financial Services 2,379.0 $298K 0.02% -3K -53.7% $125.22 -41.6%
270 GWW GRAINGER W W INC Industrials 293.0 $296K 0.02% -4.0 -1.4% $1009.05 +22.8%
271 MTLS MATERIALISE NV Technology 53,268.0 $296K 0.02% -2K -4.1% $5.55 +4.9%
272 VZ VERIZON COMMUNICATIONS Communication Services 7,190.0 $293K 0.02% -72K -90.9% $40.73 +17.4%
273 DIS DISNEY WALT CO DEL Communication Services 2,560.0 $291K 0.02% +48.0 +1.9% $113.78 -9.0%
274 FISV FISERV INC Technology 4,333.0 $291K 0.02% -2K -34.8% $67.17 -16.9%
275 MET METLIFE INC Financial Services 3,647.0 $288K 0.02% $78.94 +6.8%
276 VLTO VERALTO CORP Industrials 2,828.0 $282K 0.02% -32.0 -1.1% $99.78 -13.6%
277 GUGGENHEIM S&P 500 PURE GROWTH 6,000.0 $280K 0.02% $46.67
278 BA BOEING CO Industrials 1,255.0 $272K 0.02% $217.12 +1.1%
279 MO ALTRIA GROUP INC Consumer Defensive 4,726.0 $272K 0.02% +50.0 +1.1% $57.65 +27.8%
280 AMAT APPLIED MATLS INC Technology 1,028.0 $264K 0.02% -266.0 -20.6% $256.99 +66.3%
Page 14 of 17  ·  322 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%