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Portfolio (Quarterly) Guide ↗

MERITAGE PORTFOLIO MANAGEMENT

· CIK 0000881432
13F Portfolio $1.5B AUM Filed Oct 28, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 328 New
Page 10 of 17  ·  328 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 FEDERATED HERMES INC 20,550.0 $1.1M 0.07% NEW $51.93
182 AXS AXIS CAPITAL HOLDINGS LTD Financial Services 11,129.0 $1.1M 0.07% NEW $95.80 +5.1%
183 ORCL ORACLE CORP Technology 3,790.0 $1.1M 0.07% NEW $281.26 -32.5%
184 ARKB ARK 21SHARES BITCOIN ETF Financial Services 27,351.0 $1.0M 0.07% NEW $38.02 -32.3%
185 IWB ISHARES RUSSELL 1000 INDEX 2,824.0 $1.0M 0.07% NEW $365.48 +10.8%
186 AXON AXON ENTERPRISE INC Industrials 1,410.0 $1.0M 0.07% NEW $717.64 -45.7%
187 AGX ARGAN INC Industrials 3,616.0 $977K 0.07% NEW $270.05 +138.7%
188 UNH UNITEDHEALTH GROUP INC Healthcare 2,811.0 $971K 0.07% NEW $345.30 +11.0%
189 VB VANGUARD SMALL-CAP ETF 3,740.0 $951K 0.06% NEW $254.28 +12.7%
190 CNM CORE & MAIN INC Industrials 17,498.0 $942K 0.06% NEW $53.83 -12.4%
191 MGY MAGNOLIA OIL & GAS CORP Energy 39,238.0 $937K 0.06% NEW $23.87 +22.5%
192 PEP PEPSICO Consumer Defensive 6,621.0 $930K 0.06% NEW $140.43 +6.0%
193 SCHP SCHWAB US TIPS ETF 33,524.0 $903K 0.06% NEW $26.95 -1.2%
194 FISV FISERV INC Technology 6,650.0 $857K 0.06% NEW $128.93 -56.7%
195 CLBT CELLEBRITE DI LTD Technology 42,673.0 $791K 0.05% NEW $18.53 -28.9%
196 VOYA VOYA FINANCIAL INC Financial Services 9,864.0 $738K 0.05% NEW $74.80 +10.1%
197 IYW ISHARES US TECHNOLOGY ETF 3,757.0 $736K 0.05% NEW $195.86 +22.6%
198 BN BROOKFIELD CORP CL A Financial Services 10,617.0 $728K 0.05% NEW $68.58 -33.7%
199 VCEB VANGUARD ESG US CORP BOND ETF 11,338.0 $728K 0.05% NEW $64.20 -2.8%
200 GLD SPDR GOLD TRUST Financial Services 2,031.0 $722K 0.05% NEW $355.47 +17.3%
Page 10 of 17  ·  328 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 34.9%
Financial Services 14.9%
Consumer Cyclical 11.5%
Communication Services 11.1%
Healthcare 7.0%
Industrials 4.8%
Energy 4.1%
Consumer Defensive 3.9%
Real Estate 3.6%
Utilities 3.1%