CIK: 0000881432
Total reported value
$1.5B
Reporting period: 2025-12-31 · Number of holdings: 323
MERITAGE PORTFOLIO MANAGEMENT disclosed 323 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $1.5B and a quarterly turnover rate of 18.4%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "M"
Meritage Portfolio Management's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 59 equally-sized positions, well below its 323 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.12), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 46% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add GOOGL
-1.9% $18.4M
Trim MSFT
-1.9% -$6.3M
Trim T
-91.0% -$5.8M
Trim ANET
-33.0% -$5.7M
Add ORLY
+89.3% $5.0M
Trim BABA
-2.7% -$4.9M
Showing top 200 holdings (of 323 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 5.93% | +0.25% | -1.83% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.88% | +1.20% | -1.95% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.54% | -0.43% | -1.90% | |
| 4 | AVGO | Broadcom INC | Stock-Tech | 4.49% | — | -2.76% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 3.64% | — | -1.86% | |
| 6 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.25% | — | -1.87% | |
| 7 | HSBC | Hsbc Holdings Plc-spons Adr | Stock-Financials | 1.54% | +0.12% | -1.27% | |
| 8 | KLAC | Kla CORP | Stock-Tech | 1.38% | +0.12% | -2.10% | |
| 9 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 1.28% | -0.33% | -2.67% | |
| 10 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.18% | — | -1.99% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.11% | — | -3.13% | |
| 12 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 1.05% | +0.27% | -1.72% | |
| 13 | ASML | ASML Holding N.V. | Stock-Tech | 1.04% | — | -1.84% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.04% | -0.14% | -1.67% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.03% | — | -2.56% | |
| 16 | MA | Mastercard INC - A | Stock-Financials | 1.02% | — | -2.05% | |
| 17 | CTSH | Cognizant Tech Solutions-a | Stock-Tech | 1.02% | +0.17% | -1.89% | |
| 18 | BIDU | Baidu INC - Spon Adr | Stock-Comm Services | 1.02% | — | -1.95% | |
| 19 | AME | Ametek INC | Stock-Industrials | 0.91% | — | -1.98% | |
| 20 | ORLY | O'reilly Automotive INC | Stock-Consumer Disc | 0.88% | +0.33% | +89.34% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.87% | — | -1.70% | |
| 22 | WSM | Williams-sonoma INC | Stock-Consumer Disc | 0.87% | -0.11% | -2.21% | |
| 23 | EXEL | Exelixis INC | Stock-Healthcare | 0.84% | — | -2.08% | |
| 24 | ETSY | Etsy INC | Stock-Consumer Disc | 0.83% | -0.20% | -3.08% | |
| 25 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.82% | — | +0.84% | |
| 26 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 0.80% | — | -1.78% | |
| 27 | GS | Goldman Sachs Group INC | Stock-Financials | 0.78% | — | -3.23% | |
| 28 | VRTX | Vertex Pharmaceuticals INC | Stock-Healthcare | 0.77% | — | -1.94% | |
| 29 | WFC | Wells Fargo & Co | Stock-Financials | 0.72% | — | -3.30% | |
| 30 | TWLO | Twilio INC - A | Stock-Tech | 0.71% | +0.20% | -1.62% | |
| 31 | LNG | Cheniere Energy INC | Stock-Energy | 0.71% | -0.17% | -2.26% | |
| 32 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.70% | — | -2.77% | |
| 33 | EOG | Eog Resources INC | Stock-Energy | 0.69% | +0.22% | +54.75% | |
| 34 | FHN | First Horizon CORP | Stock-Financials | 0.67% | — | -4.34% | |
| 35 | MCO | Moody's CORP | Stock-Financials | 0.67% | +0.67% | NEW | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.63% | — | +3.94% | |
| 37 | AYI | Acuity INC | Stock-Industrials | 0.61% | — | -3.19% | |
| 38 | PYPL | Paypal Holdings INC | Stock-Financials | 0.61% | -0.14% | -5.29% | |
| 39 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 0.61% | — | +2.79% | |
| 40 | CDNS | Cadence Design Sys INC | Stock-Tech | 0.60% | — | -1.93% | |
| 41 | SIEGY | Siemens Ag-spons Adr | Stock-Other | 0.60% | — | -3.21% | |
| 42 | ETR | Entergy CORP | Stock-Utilities | 0.59% | — | -3.34% | |
| 43 | ABBV | Abbvie INC | Stock-Healthcare | 0.57% | — | -2.76% | |
| 44 | ANET | Arista Networks INC | Stock-Tech | 0.57% | -0.38% | -32.95% | |
| 45 | EBAY | Ebay INC | Stock-Consumer Disc | 0.55% | — | -3.29% | |
| 46 | IBM | Intl Business Machines CORP | Stock-Tech | 0.54% | — | -3.07% | |
| 47 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.51% | — | +94.95% | |
| 48 | FTNT | Fortinet INC | Stock-Tech | 0.50% | -0.28% | -31.93% | |
| 49 | PNGAY | Ping An Insurance-adr | Stock-Other | 0.50% | — | -0.37% | |
| 50 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.49% | — | -3.81% |
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+26.1%
Based on 76% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2025-12-31 | 323 | $1.5B | 18 | |
| 2025-09-30 | 329 | $1.5B | 35 | |
| 2025-06-30 | 327 | $1.6B | 0 | |
| 2025-03-31 | 322 | $1.5B | 100 | |
| 2024-12-31 | 329 | $1.6B | 0 | |
| 2024-09-30 | 337 | $1.6B | 0 | |
| 2024-06-30 | 335 | $1.6B | 0 | |
| 2024-03-31 | 345 | $1.6B | 0 | |
| 2023-12-31 | 340 | $1.5B | 0 | |
| 2023-09-30 | 332 | $1.4B | 0 | |
| 2023-06-30 | 345 | $1.4B | 0 | |
| 2023-03-31 | 318 | $1.3B | 0 | |
| 2022-12-31 | 315 | $1.3B | 0 | |
| 2022-09-30 | 307 | $1.2B | 0 | |
| 2022-06-30 | 307 | $1.3B | 0 | |
| 2022-03-31 | 337 | $1.6B | 0 | |
| 2021-12-31 | 338 | $1.8B | 0 | |
| 2021-09-30 | 318 | $1.7B | 0 | |
| 2021-06-30 | 303 | $1.7B | 95 | |
| 2021-03-31 | 288 | $1.5B | 34 | |
| 2020-12-31 | 257 | $1.4B | 33 | |
| 2020-09-30 | 229 | $1.1B | 36 | |
| 2020-06-30 | 211 | $1.0B | 50 | |
| 2020-03-31 | 185 | $736.6M | 61 | |
| 2019-12-31 | 233 | $1.1B | 31 | |
| 2019-09-30 | 238 | $1.1B | 54 | |
| 2019-06-30 | 229 | $982.0M | 39 | |
| 2019-03-31 | 188 | $986.8M | 47 | |
| 2018-12-31 | 180 | $876.4M | 60 | |
| 2018-09-30 | 206 | $1.1B | 37 | |
| 2018-06-30 | 288 | $1.0B | 41 | |
| 2018-03-31 | 276 | $1.0B | 39 | |
| 2017-12-31 | 278 | $1.0B | 36 | |
| 2017-09-30 | 289 | $1.0B | 34 | |
| 2017-06-30 | 286 | $972.6M | 28 | |
| 2017-03-31 | 271 | $953.5M | 42 | |
| 2016-12-31 | 258 | $915.8M | 38 | |
| 2016-09-30 | 254 | $911.5M | 31 | |
| 2016-06-30 | 265 | $889.6M | 31 | |
| 2016-03-31 | 247 | $884.3M | 42 | |
| 2015-12-31 | 273 | $888.7M | 41 | |
| 2015-09-30 | 279 | $862.6M | 43 | |
| 2015-06-30 | 244 | $953.2M | 35 | |
| 2015-03-31 | 252 | $996.0M | 32 | |
| 2014-12-31 | 248 | $940.7M | 38 | |
| 2014-09-30 | 240 | $878.1M | 36 | |
| 2014-06-30 | 213 | $918.3M | 32 | |
| 2014-03-31 | 206 | $833.8M | 38 | |
| 2013-12-31 | 204 | $807.7M | 27 | |
| 2013-09-30 | 205 | $772.1M | 33 | |
| 2013-06-30 | 208 | $697.8M | 0 |
Meritage Portfolio Management's most significant position changes for 2025-12-31: Sold out: Euronet Worldwide INC (EEFT); New buy: Moody's CORP (MCO); New buy: Lxp Industrial Trust (LXP); New buy: Valmont Industries (VMI); Sold out: Lxp Industrial Trust (LXPUSD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +1.2% | -1.95% | Trim |
| 2 | ORLY | O'reilly Automotive INC | +0.3% | +89.34% | Add |
| 3 | BMY | Bristol-myers Squibb Co | +0.3% | +1327.71% | Add |
| 4 | REGN | Regeneron Pharmaceuticals | +0.3% | -1.72% | Trim |
| 5 | AAPL | Apple INC | +0.3% | -1.83% | Trim |
| 6 | HON | Honeywell International INC | +0.2% | +754.45% | Add |
| 7 | EOG | Eog Resources INC | +0.2% | +54.75% | Add |
| 8 | TWLO | Twilio INC - A | +0.2% | -1.62% | Trim |
| 9 | ADP | Automatic Data Processing | +0.2% | +662.36% | Add |
| 10 | CTSH | Cognizant Tech Solutions-a | +0.2% | -1.89% | Trim |
| 11 | LMT | Lockheed Martin CORP | +0.2% | +950.28% | Add |
| 12 | BNPQY | BNP Paribas-adr | +0.1% | +46.42% | Add |
| 13 | HSBC | Hsbc Holdings Plc-spons Adr | +0.1% | -1.27% | Trim |
| 14 | KLAC | Kla CORP | +0.1% | -2.10% | Trim |
| 15 | PAGP | Plains Gp Holdings Lp-cl A | +0.1% | +36.48% | Add |
| 16 | SLB | Slb LTD | +0.1% | +45.58% | Add |
| 17 | WSM | Williams-sonoma INC | -0.1% | -2.21% | Trim |
| 18 | CBSH | Commerce Bancshares INC | -0.1% | -61.41% | Trim |
| 19 | META | Meta Platforms Inc-class A | -0.1% | -1.67% | Trim |
| 20 | PYPL | Paypal Holdings INC | -0.1% | -5.29% | Trim |
| 21 | BKH | Black Hills CORP | -0.2% | -50.59% | Trim |
| 22 | LNG | Cheniere Energy INC | -0.2% | -2.26% | Trim |
| 23 | EVRG | Evergy INC | -0.2% | -89.55% | Trim |
| 24 | ETSY | Etsy INC | -0.2% | -3.08% | Trim |
| 25 | VZ | Verizon Communications INC | -0.2% | -90.94% | Trim |
| 26 | IWD | Ishares Russell 1000 Value E | -0.3% | -39.44% | Trim |
| 27 | LOW | Lowe's Cos INC | -0.3% | -94.45% | Trim |
| 28 | FTNT | Fortinet INC | -0.3% | -31.93% | Trim |
| 29 | WF | Woori Financial-spon Adr | -0.3% | -92.94% | Trim |
| 30 | BABA | Alibaba Group Holding-sp Adr | -0.3% | -2.67% | Trim |
| 31 | ANET | Arista Networks INC | -0.4% | -32.95% | Trim |
| 32 | T | At&t INC | -0.4% | -91.01% | Trim |
| 33 | MSFT | Microsoft CORP | -0.4% | -1.90% | Trim |
| 34 | EEFT | Euronet Worldwide INC | — | EXIT | Sold out |
| 35 | MCO | Moody's CORP | — | NEW | New buy |
| 36 | LXP | Lxp Industrial Trust | — | NEW | New buy |
| 37 | VMI | Valmont Industries | — | NEW | New buy |
| 38 | LXPUSD | Lxp Industrial Trust | — | EXIT | Sold out |
| 39 | PR | Permian Resources Corp-cl A | — | NEW | New buy |
| 40 | EMN | Eastman Chemical Co | — | EXIT | Sold out |
| 41 | RHHBY | Roche Holdings Ltd-spons Adr | — | NEW | New buy |
| 42 | DUK | Duke Energy CORP | — | NEW | New buy |
| 43 | EG | Everest Group, Ltd. | — | EXIT | Sold out |
| 44 | KMB | Kimberly-clark CORP | — | EXIT | Sold out |
| 45 | SU | Suncor Energy INC | — | EXIT | Sold out |
| 46 | OMC | Omnicom Group | — | EXIT | Sold out |
| 47 | TRP | Tc Energy CORP | — | NEW | New buy |
| 48 | SR | Spire INC | — | EXIT | Sold out |
| 49 | DTE | Dte Energy Company | — | NEW | New buy |
| 50 | HTO | H2o America | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2025-12-31 | 2026-01-27 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-28 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-25 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-28 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-27 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-04 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-09 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-29 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-02 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-30 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-31 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-25 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-01 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-25 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-25 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-25 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-28 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-26 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-26 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-27 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-03 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-26 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-27 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-27 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-27 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-25 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-30 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-25 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-25 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-30 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-25 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-26 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-29 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-16 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-25 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-04-25 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-24 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-08 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-20 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-21 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-03 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-21 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-22 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-28 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-29 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-28 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-28 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-29 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-31 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-31 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-31 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001860501
Total reported value
$1.5B
144 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001834499
Total reported value
$1.5B
333 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001510099
Total reported value
$1.5B
88 stks
2026-03-31
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0000728100
Total reported value
$30.6B
557 stks
2026-03-31
5 of the top 5 holdings overlap, including Nvidia CORP
CIK 0000820027
Total reported value
$431.8B
11,197 stks
2026-03-31
5 of the top 5 holdings overlap, including Nvidia CORP
CIK 0000860486
Total reported value
$1.9B
418 stks
2026-03-31
5 of the top 5 holdings overlap, including Microsoft CORP