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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 2 of 17  ·  328 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 IVV ISHARES S&P 500 INDEX 19,533.0 $13.1M 0.87% NEW $669.32 +11.5%
22 AME AMETEK INC Industrials 67,949.0 $12.8M 0.85% NEW $188.00 +18.7%
23 CTSH COGNIZANT TECH SOLUTIONS CL A Technology 189,420.0 $12.7M 0.85% NEW $67.07 -22.0%
24 EXEL EXELIXIS INC. Healthcare 295,426.0 $12.2M 0.81% NEW $41.30 +20.2%
25 IWF ISHARES RUSSELL 1000 GROWTH 25,849.0 $12.1M 0.81% NEW $468.41 -73.4%
26 SPYV SPDR S&P 500 VALUE ETF 217,260.0 $12.0M 0.80% NEW $55.33 +9.5%
27 REGN REGENERON PHARMACEUTICALS Healthcare 20,941.0 $11.8M 0.78% NEW $562.27 +15.6%
28 FORTINET INC. 138,758.0 $11.7M 0.78% NEW $84.08
29 PYPL PAYPAL HOLDINGS INC Financial Services 166,845.0 $11.2M 0.74% NEW $67.06 -33.8%
30 GS GOLDMAN SACHS GROUP INC Financial Services 13,802.0 $11.0M 0.73% NEW $796.35 +24.1%
31 EEFT EURONET WORLDWIDE INC Technology 124,343.0 $10.9M 0.73% NEW $87.81 -24.3%
32 SPYG SPDR S&P 500 GROWTH ETF 101,110.0 $10.6M 0.70% NEW $104.51 +13.2%
33 CDNS CADENCE DESIGN SYSTEMS INC Technology 29,533.0 $10.4M 0.69% NEW $351.26 +2.0%
34 IWD ISHARES RUSSELL 1000 VALUE 50,153.0 $10.2M 0.68% NEW $203.59 +15.3%
35 VRTX VERTEX PHARMACEUTICALS INC Healthcare 25,940.0 $10.2M 0.68% NEW $391.64 +9.9%
36 WFC WELLS FARGO COMPANY Financial Services 120,592.0 $10.1M 0.67% NEW $83.82 -9.6%
37 FHN FIRST HORIZON NATIONAL CORP Financial Services 442,349.0 $10.0M 0.67% NEW $22.61 +6.6%
38 ENTERGY CORP 99,862.0 $9.3M 0.62% NEW $93.19
39 BERKSHIRE HATHAWAY INC CL B 18,227.0 $9.2M 0.61% NEW $502.74
40 AYI ACUITY INC Industrials 26,582.0 $9.2M 0.61% NEW $344.39 -18.4%
Page 2 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%