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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 3 of 10  ·  200 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 FORTINET INC. 94,455.0 $7.5M 0.50% -44K -31.9% $79.41
42 PG PROCTER & GAMBLE CO Consumer Defensive 51,376.0 $7.4M 0.49% -2K -3.8% $143.31 -0.6%
43 ADSK AUTODESK INC Technology 23,747.0 $7.0M 0.47% -548.0 -2.3% $296.01 -18.9%
44 QCOM QUALCOMM Technology 40,938.0 $7.0M 0.47% -1K -2.6% $171.05 +18.4%
45 RS RELIANCE INC Basic Materials 24,207.0 $7.0M 0.46% -869.0 -3.5% $288.87 +25.4%
46 ADBE ADOBE INC Technology 19,975.0 $7.0M 0.46% -359.0 -1.8% $349.99 -30.3%
47 TIGO MILLICOM INTL CELLULAR SA Communication Services 124,666.0 $6.9M 0.46% -4K -3.0% $55.44 +51.7%
48 PNC PNC FINANCIAL Financial Services 32,803.0 $6.8M 0.45% -388.0 -1.2% $208.73 +3.9%
49 USB US BANCORP Financial Services 127,991.0 $6.8M 0.45% -1K -1.1% $53.36 +2.1%
50 SPY S & P 500 DEPOSITARY RECEIPT Financial Services 9,966.0 $6.8M 0.45% -724.0 -6.8% $681.93 +8.9%
51 COST COSTCO WHOLESALE CORP Consumer Defensive 7,701.0 $6.6M 0.44% -180.0 -2.3% $862.35 +21.8%
52 XOM EXXON MOBIL CORP Energy 54,340.0 $6.5M 0.43% -1K -2.2% $120.34 +29.9%
53 AFL AFLAC INC Financial Services 58,897.0 $6.5M 0.43% -2K -2.9% $110.27 +6.8%
54 IWD ISHARES RUSSELL 1000 VALUE 30,371.0 $6.4M 0.42% -20K -39.4% $210.34 +11.6%
55 CHKP CHECK POINT SOFTWARE TECH Technology 34,081.0 $6.3M 0.42% -1K -3.6% $185.56 -29.0%
56 DBX DROPBOX INC. Technology 217,336.0 $6.0M 0.40% -3K -1.3% $27.80 -2.0%
57 SNA SNAP-ON INC Industrials 17,502.0 $6.0M 0.40% -631.0 -3.5% $344.60 +4.5%
58 CTRE CARETRUST REIT INC Real Estate 164,064.0 $5.9M 0.39% -7K -4.3% $36.16 +13.4%
59 EPRT ESSENTIAL PROPERTIES REIT Real Estate 199,338.0 $5.9M 0.39% -11K -5.3% $29.66 +5.8%
60 FNB FNB CORP Financial Services 345,478.0 $5.9M 0.39% -15K -4.1% $17.10 +2.2%
Page 3 of 10  ·  200 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%