MERITAGE PORTFOLIO MANAGEMENT
13F Reported Value
ⓘ$1.5B
Holdings
322
Latest Filing
2025-12-31
Filing Quarter
Q4 2025
Portfolio Overview
MERITAGE PORTFOLIO MANAGEMENT disclosed 322 positions worth $1.5B in its Form 13F-HR for Q4 2025, led by $AAPL (Apple Inc.) at 5.9% of the equity portfolio, followed by $GOOG and $MSFT. During the quarter the fund opened 19 new positions and exited 25 — including a new stake in $MCO and a full exit from $EEFT. The portfolio is most concentrated in Technology (38.0% of disclosed assets). All figures are sourced directly from MERITAGE PORTFOLIO MANAGEMENT’s Form 13F-HR filing with the SEC under CIK 881432.
AI Fund Analysis
Stable
$AAPL
$GOOG
$MSFT
$AVGO
$NVDA
$SGMO
$IVZ
$ABTSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q4 2025
Click any card to unlockTop Holdings
- 76.4#84
Quality
$89.3M328,546 sh - 78.2#57
Quality
$88.6M283,124 sh - 79.8#31
Quality
$68.4M141,424 sh - 84.5
Quality
$67.6M195,333 sh - 85.9
Quality
$54.8M293,708 sh - 68.7
Quality
$33.9M146,937 sh - —
Quality
$23.3M295,700 sh - 78.6
Quality
$20.8M17,142 sh - —
Quality
$19.3M131,873 sh - 58.5
Quality
$17.7M3,308 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| Apple Inc.$AAPL | 76.4#84 | $89.3M | 328,546 |
| Alphabet Inc.$GOOG | 78.2#57 | $88.6M | 283,124 |
| MICROSOFT CORP$MSFT | 79.8#31 | $68.4M | 141,424 |
| Broadcom Inc.$AVGO | 84.5 | $67.6M | 195,333 |
| NVIDIA CORP$NVDA | 85.9 | $54.8M | 293,708 |
 AMAZON COM INC$AMZN | 68.7 | $33.9M | 146,937 |
 HSBC HOLDINGS PLC$HSBC | — | $23.3M | 295,700 |
 KLA CORP$KLAC | 78.6 | $20.8M | 17,142 |
 Alibaba Group Holding Ltd$BABA | — | $19.3M | 131,873 |
 Booking Holdings Inc.$BKNG | 58.5 | $17.7M | 3,308 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of MERITAGE PORTFOLIO MANAGEMENT's 322 positions.
Showing top 10 of 322 holdings.
Sector Allocation
Technology
$571.8M
Financials
$198.4M
Other
$169.3M
Industrials
$135.8M
Consumer Discretionary
$108.1M
Healthcare
$99.0M
Energy
$65.5M
Real Estate
$54.5M
Top Holdings — MERITAGE PORTFOLIO MANAGEMENT (Q4 2025)
Top 150 of 322 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $AAPL | Apple Inc. | $89.3M | 5.9% | -2% | 76.4 |
| 2 | $GOOG | Alphabet Inc. | $88.6M | 5.9% | -2% | 78.2 |
| 3 | $MSFT | MICROSOFT CORP | $68.4M | 4.5% | -2% | 79.8 |
| 4 | $AVGO | Broadcom Inc. | $67.6M | 4.5% | -3% | 84.5 |
| 5 | $NVDA | NVIDIA CORP | $54.8M | 3.6% | -2% | 85.9 |
| 6 | $AMZN | AMAZON COM INC | $33.9M | 2.3% | -2% | 68.7 |
| 7 | $HSBC | HSBC HOLDINGS PLC | $23.3M | 1.5% | -1% | — |
| 8 | $KLAC | KLA CORP | $20.8M | 1.4% | -2% | 78.6 |
| 9 | $BABA | Alibaba Group Holding Ltd | $19.3M | 1.3% | -3% | — |
| 10 | $BKNG | Booking Holdings Inc. | $17.7M | 1.2% | -2% | 58.5 |
| 11 |  $JPM | JPMORGAN CHASE & CO | $16.8M | 1.1% | -3% | 70.7 |
| 12 |  $REGN | REGENERON PHARMACEUTICALS, INC. | $15.9M | 1.1% | -2% | 71 |
| 13 |  $ASML | ASML HOLDING NV | $15.7M | 1.0% | -2% | — |
| 14 |  $META | Meta Platforms, Inc. | $15.6M | 1.0% | -2% | 79.6 |
| 15 |  $JNJ | JOHNSON & JOHNSON | $15.5M | 1.0% | -3% | 69 |
| 16 |  $MA | Mastercard Inc | $15.4M | 1.0% | -2% | 85.1 |
| 17 |  $CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | $15.4M | 1.0% | -2% | 64.1 |
| 18 |  $BIDU | Baidu, Inc. | $15.4M | 1.0% | -2% | 27 |
| 19 |  $AME | AMETEK INC/ | $13.7M | 0.9% | -2% | 69.7 |
| 20 |  $ORLY | O REILLY AUTOMOTIVE INC | $13.3M | 0.9% | +89% | 67.4 |
| 21 | — | ISHARES S&P 500 INDEX - OTHER EQUITIES | $13.2M | 0.9% | -2% | — |
| 22 |  $WSM | WILLIAMS SONOMA INC | $13.1M | 0.9% | -2% | 66.1 |
| 23 |  $EXEL | EXELIXIS, INC. | $12.7M | 0.8% | -2% | 76.2 |
| 24 |  $ETSY | ETSY INC | $12.5M | 0.8% | -3% | 61.2 |
| 25 | — | ISHARES RUSSELL 1000 GROWTH - OTHER EQUITIES | $12.3M | 0.8% | +1% | — |
| 26 | — | SPDR S&P 500 VALUE ETF - OTHER EQUITIES | $12.1M | 0.8% | -2% | — |
| 27 |  $GS | GOLDMAN SACHS GROUP INC | $11.7M | 0.8% | -3% | 73.5 |
| 28 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $11.5M | 0.8% | -2% | 75.4 |
| 29 |  $WFC | WELLS FARGO & COMPANY/MN | $10.9M | 0.7% | -3% | 61.8 |
| 30 |  $TWLO | TWILIO INC | $10.7M | 0.7% | -2% | 70.4 |
| 31 |  $LNG | Cheniere Energy, Inc. | $10.6M | 0.7% | -2% | 66.5 |
| 32 | — | SPDR S&P 500 GROWTH ETF - OTHER EQUITIES | $10.5M | 0.7% | -3% | — |
| 33 |  $EOG | EOG RESOURCES INC | $10.3M | 0.7% | +55% | 71.9 |
| 34 |  $FHN | FIRST HORIZON CORP | $10.1M | 0.7% | -4% | 56.4 |
| 35 |  $MCO | MOODYS CORP /DE/ | $10.1M | 0.7% | NEW | 79.1 |
| 36 |  $BRK.B | BERKSHIRE HATHAWAY INC | $9.5M | 0.6% | +4% | 73.8 |
| 37 |  $AYI | ACUITY INC. (DE) | $9.3M | 0.6% | -3% | 66.9 |
| 38 |  $PYPL | PayPal Holdings, Inc. | $9.2M | 0.6% | -5% | 64.1 |
| 39 | — | ISHARES SHORT-TERM CORPORATE B - OTHER EQUITIES | $9.2M | 0.6% | +3% | — |
| 40 |  $CDNS | CADENCE DESIGN SYSTEMS INC | $9.1M | 0.6% | -2% | 72.6 |
| 41 | — | SIEMENS A G SPONSORED ADR - COMMON | $9.0M | 0.6% | -3% | — |
| 42 |  $ETR | ENTERGY CORP /DE/ | $8.9M | 0.6% | -3% | 59.5 |
| 43 |  $ABBV | AbbVie Inc. | $8.6M | 0.6% | -3% | 72.6 |
| 44 |  $ANET | Arista Networks, Inc. | $8.6M | 0.6% | -33% | 81.9 |
| 45 |  $EBAY | EBAY INC | $8.4M | 0.6% | -3% | 66.4 |
| 46 |  $IBM | INTERNATIONAL BUSINESS MACHINES CORP | $8.1M | 0.5% | -3% | 70 |
| 47 | — | UTILITIES SELECT SECTOR SPDR - COMMON | $7.7M | 0.5% | +95% | — |
| 48 |  $FTNT | Fortinet, Inc. | $7.5M | 0.5% | -32% | 80.1 |
| 49 | — | PING AN INSURANCE GROUP - COMMON | $7.5M | 0.5% | -0% | — |
| 50 |  $PG | PROCTER & GAMBLE Co | $7.4M | 0.5% | -4% | 64.6 |
| 51 |  $ADSK | Autodesk, Inc. | $7.0M | 0.5% | -2% | 78.6 |
| 52 |  $QCOM | QUALCOMM INC/DE | $7.0M | 0.5% | -3% | 70.5 |
| 53 |  $RS | RELIANCE, INC. | $7.0M | 0.5% | -3% | 50.9 |
| 54 |  $ADBE | ADOBE INC. | $7.0M | 0.5% | -2% | 77.6 |
| 55 |  $TIGO | MILLICOM INTERNATIONAL CELLULAR SA | $6.9M | 0.5% | -3% | — |
| 56 |  $PNC | PNC FINANCIAL SERVICES GROUP, INC. | $6.8M | 0.5% | -1% | 73.7 |
| 57 |  $USB | US BANCORP \DE\ | $6.8M | 0.5% | -1% | 65.3 |
| 58 |  $SPY | SPDR S&P 500 ETF TRUST | $6.8M | 0.5% | -7% | — |
| 59 |  $COST | COSTCO WHOLESALE CORP /NEW | $6.6M | 0.4% | -2% | 66.2 |
| 60 |  $XOM.R34088 | EXXON MOBIL CORP | $6.5M | 0.4% | -2% | 57.9 |
| 61 |  $AFL | AFLAC INC | $6.5M | 0.4% | -3% | 61.3 |
| 62 | — | ISHARES RUSSELL 1000 VALUE - OTHER EQUITIES | $6.4M | 0.4% | -39% | — |
| 63 |  $CHKP | CHECK POINT SOFTWARE TECHNOLOGIES LTD | $6.3M | 0.4% | -4% | — |
| 64 |  $GILD | GILEAD SCIENCES, INC. | $6.1M | 0.4% | -0% | 57.4 |
| 65 |  $DBX | DROPBOX, INC. | $6.0M | 0.4% | -1% | 63.4 |
| 66 |  $SNA | Snap-on Inc | $6.0M | 0.4% | -3% | 63 |
| 67 |  $PAGP | PLAINS GP HOLDINGS LP | $6.0M | 0.4% | +36% | 55.1 |
| 68 |  $CTRE | CareTrust REIT, Inc. | $5.9M | 0.4% | -4% | 74.1 |
| 69 |  $EPRT | ESSENTIAL PROPERTIES REALTY TRUST, INC. | $5.9M | 0.4% | -5% | 69.5 |
| 70 | — | BNP PARIBAS ADR - COMMON | $5.9M | 0.4% | +46% | — |
| 71 |  $FNB | FNB CORP/PA/ | $5.9M | 0.4% | -4% | 65 |
| 72 |  $HALO | HALOZYME THERAPEUTICS, INC. | $5.8M | 0.4% | -4% | 77.2 |
| 73 |  $TPR | TAPESTRY, INC. | $5.8M | 0.4% | -5% | 72.7 |
| 74 |  $CARG | CarGurus, Inc. | $5.8M | 0.4% | +4% | 63.2 |
| 75 | — | VANGUARD TOTAL STOCK MKT ETF - OTHER EQUITIES | $5.8M | 0.4% | +1% | — |
| 76 |  $KO | COCA COLA CO | $5.6M | 0.4% | -0% | 69.5 |
| 77 |  $NOMD | Nomad Foods Ltd | $5.6M | 0.4% | +30% | — |
| 78 |  $NWE | NorthWestern Energy Group, Inc. | $5.5M | 0.4% | -3% | 46.9 |
| 79 |  $LXP | LXP Industrial Trust | $5.5M | 0.4% | NEW | 51.1 |
| 80 |  $BTI | British American Tobacco p.l.c. | $5.4M | 0.4% | -1% | — |
| 81 |  $CMI | CUMMINS INC | $5.3M | 0.3% | -1% | 58.1 |
| 82 |  $FITB | FIFTH THIRD BANCORP | $5.3M | 0.3% | -3% | 63.2 |
| 83 |  $VMI | VALMONT INDUSTRIES INC | $5.2M | 0.3% | NEW | 60.7 |
| 84 |  $UGI | UGI CORP /PA/ | $5.1M | 0.3% | -3% | 48.3 |
| 85 |  $AMGN | AMGEN INC | $5.1M | 0.3% | -3% | 79.2 |
| 86 |  $BP | BP PLC | $5.0M | 0.3% | -2% | — |
| 87 |  $OTEX | OPEN TEXT CORP | $5.0M | 0.3% | +17% | 51.8 |
| 88 | — | ISHARES BARCLAYS INT GOVT/CRED - OTHER EQUITIES | $5.0M | 0.3% | +0% | — |
| 89 |  $PSA | Public Storage | $5.0M | 0.3% | -6% | 69.1 |
| 90 |  $BMY | BRISTOL MYERS SQUIBB CO | $4.9M | 0.3% | +1328% | 70.4 |
| 91 |  $FIS | Fidelity National Information Services, Inc. | $4.9M | 0.3% | -1% | 68.9 |
| 92 |  $PR | Permian Resources Corp | $4.9M | 0.3% | NEW | 79.5 |
| 93 |  $PHM | PULTEGROUP INC/MI/ | $4.8M | 0.3% | -3% | 55.3 |
| 94 |  $NHI | NATIONAL HEALTH INVESTORS INC | $4.8M | 0.3% | +48% | 71.6 |
| 95 |  $WPC | W. P. Carey Inc. | $4.7M | 0.3% | -0% | 65.9 |
| 96 |  $NNBR | NN INC | $4.7M | 0.3% | -0% | 27.2 |
| 97 | — | SCHWAB SHORT-TERM U.S. TREASUR - OTHER EQUITIES | $4.6M | 0.3% | +2% | — |
| 98 | — | VANGUARD SMALL CAP GROWTH ETF - OTHER EQUITIES | $4.6M | 0.3% | -4% | — |
| 99 |  $PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $4.6M | 0.3% | -3% | 60.9 |
| 100 |  $GFF | GRIFFON CORP | $4.5M | 0.3% | -3% | 54.6 |
| 101 |  $NLY | ANNALY CAPITAL MANAGEMENT INC | $4.5M | 0.3% | -1% | — |
| 102 |  $SLF | SUN LIFE FINANCIAL INC | $4.5M | 0.3% | -1% | — |
| 103 |  $SHEL | Shell plc | $4.4M | 0.3% | -1% | — |
| 104 |  $APTV | Aptiv PLC | $4.4M | 0.3% | -5% | — |
| 105 | — | ROCHE HLDG LTD SPONSORED ADR - COMMON | $4.4M | 0.3% | NEW | — |
| 106 |  $NJR | NEW JERSEY RESOURCES CORP | $4.4M | 0.3% | -1% | 69.5 |
| 107 |  $GTX | Garrett Motion Inc. | $4.3M | 0.3% | -1% | 56.8 |
| 108 | — | DANSKE BANK AS - COMMON | $4.3M | 0.3% | +0% | — |
| 109 |  $NNN | NNN REIT, INC. | $4.3M | 0.3% | +40% | 63.1 |
| 110 |  $APAM | Artisan Partners Asset Management Inc. | $4.3M | 0.3% | -1% | 67.3 |
| 111 |  $ACGL | ARCH CAPITAL GROUP LTD. | $4.2M | 0.3% | -3% | — |
| 112 |  $GLW | CORNING INC /NY | $4.2M | 0.3% | -0% | 73.7 |
| 113 |  $ABEV | AMBEV S.A. | $4.1M | 0.3% | -0% | — |
| 114 |  $SLB | SLB LIMITED/NV | $4.1M | 0.3% | +46% | 57.9 |
| 115 |  $KR | KROGER CO | $4.0M | 0.3% | -3% | 52.6 |
| 116 |  $DUK | Duke Energy CORP | $4.0M | 0.3% | NEW | 56.4 |
| 117 |  $MGA | MAGNA INTERNATIONAL INC | $4.0M | 0.3% | -1% | — |
| 118 |  $PM | Philip Morris International Inc. | $3.9M | 0.3% | -3% | 75.9 |
| 119 |  $NTAP | NetApp, Inc. | $3.9M | 0.3% | -3% | 66.8 |
| 120 |  $GTY | GETTY REALTY CORP /MD/ | $3.9M | 0.3% | +31% | 63.7 |
| 121 | — | iSHARES INT-TERM CORP BOND ETF - OTHER EQUITIES | $3.8M | 0.3% | +2% | — |
| 122 |  $MTDR | Matador Resources Co | $3.7M | 0.3% | -5% | 65.9 |
| 123 |  $HON | HONEYWELL INTERNATIONAL INC | $3.7M | 0.3% | +754% | 65 |
| 124 |  $PAYX | PAYCHEX INC | $3.7M | 0.3% | -1% | 74.6 |
| 125 |  $LEA | LEAR CORP | $3.7M | 0.2% | -1% | 53.9 |
| 126 |  $TIMB | TIM S.A. | $3.6M | 0.2% | +1% | — |
| 127 |  $ADP | AUTOMATIC DATA PROCESSING INC | $3.6M | 0.2% | +662% | 69.8 |
| 128 |  $PLD | Prologis, Inc. | $3.6M | 0.2% | +46% | 68.3 |
| 129 |  $MDT | Medtronic plc | $3.5M | 0.2% | -1% | 68.7 |
| 130 |  $CFG | CITIZENS FINANCIAL GROUP INC/RI | $3.4M | 0.2% | -1% | 62.9 |
| 131 |  $POR | PORTLAND GENERAL ELECTRIC CO /OR/ | $3.3M | 0.2% | -1% | 53.8 |
| 132 |  $PFH | PRUDENTIAL FINANCIAL INC | $3.3M | 0.2% | -1% | 58.7 |
| 133 |  $CSCO | CISCO SYSTEMS, INC. | $3.3M | 0.2% | -0% | 70.3 |
| 134 |  $TRP | TC ENERGY CORP | $3.3M | 0.2% | NEW | — |
| 135 | — | ISHARES S&P SHORT TERM NATIONA - OTHER EQUITIES | $3.3M | 0.2% | -7% | — |
| 136 |  $GIC | GLOBAL INDUSTRIAL Co | $3.1M | 0.2% | +35% | 52.3 |
| 137 |  $CCZ | COMCAST CORP | $3.1M | 0.2% | -5% | 59.5 |
| 138 |  $VRTS | VIRTUS INVESTMENT PARTNERS, INC. | $3.0M | 0.2% | -5% | 42.8 |
| 139 | — | SCHWAB INTERMEDIATE-TERM US TR - OTHER EQUITIES | $3.0M | 0.2% | +5% | — |
| 140 |  $INFY | Infosys Ltd | $3.0M | 0.2% | +1% | — |
| 141 |  $BKH | BLACK HILLS CORP /SD/ | $2.9M | 0.2% | -51% | 53.3 |
| 142 |  $LADR | Ladder Capital Corp | $2.8M | 0.2% | -0% | 54.8 |
| 143 |  $DTB | DTE ENERGY CO | $2.8M | 0.2% | NEW | 68.9 |
| 144 |  $FIX | COMFORT SYSTEMS USA INC | $2.8M | 0.2% | -10% | 77.7 |
| 145 |  $HMN | HORACE MANN EDUCATORS CORP /DE/ | $2.7M | 0.2% | -1% | 60.4 |
| 146 |  $LMT | LOCKHEED MARTIN CORP | $2.7M | 0.2% | +950% | 65.6 |
| 147 |  $OSPN | OneSpan Inc. | $2.7M | 0.2% | +40% | 55.6 |
| 148 |  $RIO | RIO TINTO PLC | $2.7M | 0.2% | +0% | — |
| 149 |  $EME | EMCOR Group, Inc. | $2.6M | 0.2% | -9% | 69.3 |
| 150 | — | VANGUARD HIGH DIVIDEND YIELD E - OTHER EQUITIES | $2.6M | 0.2% | -1% | — |
New Positions (19)
$MCO MOODYS CORP /DE/$10.1M$LXP LXP Industrial Trust$5.5M$VMI VALMONT INDUSTRIES INC$5.2M$PR Permian Resources Corp$4.9M$DUK Duke Energy CORP$4.0M$TRP TC ENERGY CORP$3.3M$DTB DTE ENERGY CO$2.8M
$LRCX LAM RESEARCH CORP$241,364
$SGOL abrdn Gold ETF Trust$216,902
$MRK Merck & Co., Inc.$210,797
$CTRA Coterra Energy Inc.$209,534
$STLD STEEL DYNAMICS INC$204,357Exited Positions (25)
$EEFT EURONET WORLDWIDE, INC.
$EG EVEREST GROUP, LTD.
$KMB KIMBERLY CLARK CORP
$SU SUNCOR ENERGY INC
$OMC OMNICOM GROUP INC.
$SR SPIRE INC
$REZI RESIDEO TECHNOLOGIES, INC.
$MELI MERCADOLIBRE INC
$KFY KORN FERRY
$NFLX NETFLIX INCBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
Available Analysis
13F Pro tracks comprehensive institutional data for MERITAGE PORTFOLIO MANAGEMENT including:
Track MERITAGE PORTFOLIO MANAGEMENT's Full Portfolio
See every holding, quarter-over-quarter changes, sector allocation, and accumulation patterns for MERITAGE PORTFOLIO MANAGEMENT and 8,700+ other institutional investors.
Free tier includes full 13F search and fund profiles. Pro starts at $6.67/mo (billed annually).
AI-Powered Hedge Fund Analysis: MERITAGE PORTFOLIO MANAGEMENT
13F Pro is an AI hedge fund tracker and stock research platform. For MERITAGE PORTFOLIO MANAGEMENT (SEC CIK: 881432), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in MERITAGE PORTFOLIO MANAGEMENT's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.