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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 5 of 17  ·  328 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 BKH BLACK HILLS CORP Utilities 84,369.0 $5.2M 0.35% NEW $61.59 +20.4%
82 NWE NORTHWESTERN ENERGY GROUP INC. Utilities 87,644.0 $5.1M 0.34% NEW $58.61 +22.5%
83 BP B P PLC-SPON ADR Energy 148,017.0 $5.1M 0.34% NEW $34.46 +30.2%
84 BTI BRITISH AMERICAN TOBACCO PLC A Consumer Defensive 96,044.0 $5.1M 0.34% NEW $53.08 +23.8%
85 WPC W P CAREY & CO LLC Real Estate 73,810.0 $5.0M 0.33% NEW $67.57 +11.0%
86 LXP LEXINGTON INDUSTRIAL TRUST Real Estate 556,300.0 $5.0M 0.33% NEW $8.96 +480.2%
87 GVI ISHARES BARCLAYS INT GOVT/CRED 46,195.0 $5.0M 0.33% NEW $107.44 -1.5%
88 PEG PUBLIC SERVICE ENTERPRISE GRP Utilities 59,325.0 $5.0M 0.33% NEW $83.46 -6.0%
89 OTEX OPEN TEXT CORP Technology 131,407.0 $4.9M 0.33% NEW $37.38 -37.9%
90 FIS FIDELITY NATIONAL INFORMATION Technology 74,386.0 $4.9M 0.33% NEW $65.94 -33.8%
91 GFF GRIFFON CORPORATION Industrials 63,289.0 $4.8M 0.32% NEW $76.15 +11.1%
92 EMN EASTMAN CHEMICAL COMPANY Basic Materials 75,987.0 $4.8M 0.32% NEW $63.05 +16.1%
93 VBK VANGUARD SMALL CAP GROWTH ETF 15,940.0 $4.7M 0.32% NEW $297.62 +15.4%
94 UGI UGI CORP Utilities 140,801.0 $4.7M 0.31% NEW $33.26 +5.6%
95 APAM ARTISAN PARTNERS ASSET MANAGEM Financial Services 105,993.0 $4.6M 0.31% NEW $43.40 -14.5%
96 NJR NEW JERSEY RESOURCES CORP Utilities 95,249.0 $4.6M 0.30% NEW $48.15 +18.8%
97 SCHO SCHWAB SHORT-TERM U.S. TREASUR 186,252.0 $4.5M 0.30% NEW $24.40 -1.0%
98 NOMD NOMAD FOODS LTD Consumer Defensive 343,215.0 $4.5M 0.30% NEW $13.15 -23.0%
99 AMGN AMGEN Healthcare 15,973.0 $4.5M 0.30% NEW $282.20 +19.6%
100 KR KROGER CO Consumer Defensive 66,369.0 $4.5M 0.30% NEW $67.41 -0.5%
Page 5 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%