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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 10 of 17  ·  322 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 VB VANGUARD SMALL-CAP ETF 3,741.0 $965K 0.06% $257.96 +11.0%
182 GDDY GODADDY INC Technology 7,706.0 $956K 0.06% -526.0 -6.4% $124.08 -26.2%
183 PEP PEPSICO Consumer Defensive 6,621.0 $950K 0.06% $143.51 +3.7%
184 UNH UNITEDHEALTH GROUP INC Healthcare 2,711.0 $895K 0.06% -100.0 -3.6% $330.11 +16.1%
185 AXON AXON ENTERPRISE INC Industrials 1,410.0 $801K 0.05% $567.93 -31.4%
186 GLD SPDR GOLD TRUST Financial Services 2,020.0 $801K 0.05% -11.0 -0.5% $396.31 +5.2%
187 TMO THERMO FISHER SCIENTIFIC INC Healthcare 1,379.0 $799K 0.05% -31.0 -2.2% $579.45 -22.0%
188 CNM CORE & MAIN INC Industrials 15,339.0 $797K 0.05% -2K -12.3% $51.97 -9.3%
189 ARKB ARK 21SHARES BITCOIN ETF Financial Services 27,351.0 $794K 0.05% $29.04 -11.3%
190 CBSH COMMERCE BANCSHARES Financial Services 15,065.0 $789K 0.05% -24K -61.4% $52.34 -0.3%
191 SCHP SCHWAB US TIPS ETF 29,002.0 $768K 0.05% -5K -13.5% $26.49 +0.5%
192 IYW ISHARES US TECHNOLOGY ETF 3,757.0 $750K 0.05% $199.68 +20.2%
193 SCHG SCHWAB US LARGE-CAP GROWTH ETF 22,753.0 $742K 0.05% +3K +15.9% $32.62 +5.1%
194 ORCL ORACLE CORP Technology 3,791.0 $739K 0.05% $194.90 -2.6%
195 CPRX CATALYST PHARMACEUTICALS INC Healthcare 31,260.0 $730K 0.05% -1K -4.5% $23.34 +34.0%
196 CORT CORCEPT THERAPEUTICS INC Healthcare 20,902.0 $727K 0.05% -3K -10.7% $34.80 +71.5%
197 VCEB VANGUARD ESG US CORP BOND ETF 11,338.0 $721K 0.05% $63.63 -1.9%
198 CENCORA INC 2,134.0 $721K 0.05% $337.75
199 DIA SPDR DOW JONES INDUSTRIAL AVER Financial Services 1,460.0 $702K 0.05% $480.57 +4.7%
200 VOYA VOYA FINANCIAL INC Financial Services 9,398.0 $700K 0.05% -466.0 -4.7% $74.49 +10.6%
Page 10 of 17  ·  322 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%