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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 2 of 3  ·  51 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TIMB TIM S A SPONSORED ADR Communication Services 186,730.0 $3.6M 0.24% +2K +0.9% $19.45 +15.8%
22 ADP AUTOMATIC DATA PROCESSING Industrials 13,875.0 $3.6M 0.24% +12K +662.4% $257.23 -14.4%
23 PLD PROLOGIS INC Real Estate 27,889.0 $3.6M 0.24% +9K +45.7% $127.66 +13.3%
24 GIC GLOBAL INDUSTRIAL CO Industrials 107,047.0 $3.1M 0.21% +28K +34.8% $29.22 -0.4%
25 SCHR SCHWAB INTERMEDIATE-TERM US TR 120,015.0 $3.0M 0.20% +6K +4.9% $25.08 -2.0%
26 INFY INFOSYS LTD SPONSORED ADR Technology 167,372.0 $3.0M 0.20% +2K +1.3% $17.82 -29.1%
27 LMT LOCKHEED MARTIN CORP Industrials 5,577.0 $2.7M 0.18% +5K +950.3% $483.67 +8.1%
28 OSPN ONESPAN INC Technology 207,736.0 $2.7M 0.18% +59K +40.0% $12.84 -0.2%
29 ESGV VANGUARD ESG US STOCK ETF 20,283.0 $2.5M 0.16% +1K +7.8% $120.96 +8.3%
30 ITUB ITAU UNIBANCO HOLDINGS S.A. Financial Services 330,447.0 $2.4M 0.16% +7K +2.1% $7.16 +11.7%
31 QFIN QFIN HOLDINGS INC Financial Services 118,969.0 $2.3M 0.15% +42K +54.8% $19.27 -34.8%
32 SPHD INVESCO S&P 500 HIGH DIV LOW V 37,810.0 $1.8M 0.12% +2K +6.6% $48.00 +4.5%
33 LLY ELI LILLY & CO Healthcare 1,441.0 $1.5M 0.10% +9.0 +0.6% $1074.68 -3.1%
34 VEU VANGUARD FTSE ALL-WORLD EX-US 17,783.0 $1.3M 0.09% +391.0 +2.2% $73.56 +12.3%
35 MGY MAGNOLIA OIL & GAS CORP Energy 58,956.0 $1.3M 0.09% +20K +50.2% $21.89 +33.6%
36 UMBF UMB FINL CORP Financial Services 10,410.0 $1.2M 0.08% +500.0 +5.0% $115.04 +13.2%
37 QQQ INVESCO QQQ TRUST SERIES1 Financial Services 1,941.0 $1.2M 0.08% +20.0 +1.0% $614.31 +16.3%
38 RSP INVESCO S&P 500 EQUAL WEIGHT 5,428.0 $1.0M 0.07% +4K +223.7% $191.57 +6.9%
39 SCHG SCHWAB US LARGE-CAP GROWTH ETF 22,753.0 $742K 0.05% +3K +15.9% $32.62 +5.1%
40 BN BROOKFIELD CORP CL A Financial Services 13,780.0 $632K 0.04% +3K +29.8% $45.89 -1.0%
Page 2 of 3  ·  51 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%