MP

Meritage Portfolio Management

Diversified strategySector-focusedMomentum follower

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%.

Personality snowflake

Concentration
6.83
Portfolio Stability
18.39
Momentum/Contrarian
75.75
Sector conviction
82.18
Diversification
100
Sizing Uniformity
78.76

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 322 holdings (of 323 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1AAPLApple INCStock-Tech5.93%+0.25%-1.83%
2GOOGLAlphabet Inc-cl AStock-Comm Services5.88%+1.20%-1.95%
3MSFTMicrosoft CORPStock-Tech4.54%-0.43%-1.90%
4AVGOBroadcom INCStock-Tech4.49%—-2.76%
5NVDANvidia CORPStock-Tech3.64%—-1.86%
6AMZNAmazon.com INCStock-Consumer Disc2.25%—-1.87%
7HSBCHsbc Holdings Plc-spons AdrStock-Financials1.54%+0.12%-1.27%
8KLACKla CORPStock-Tech1.38%+0.12%-2.10%
9BABAAlibaba Group Holding-sp AdrStock-Consumer Disc1.28%-0.33%-2.67%
10BKNGBooking Holdings INCStock-Consumer Disc1.18%—-1.99%
11JPMJpmorgan Chase & CoStock-Financials1.11%—-3.13%
12REGNRegeneron PharmaceuticalsStock-Healthcare1.05%+0.27%-1.72%
13ASMLASML Holding N.V.Stock-Tech1.04%—-1.84%
14METAMeta Platforms Inc-class AStock-Comm Services1.04%-0.14%-1.67%
15JNJJohnson & JohnsonStock-Healthcare1.03%—-2.56%
16MAMastercard INC - AStock-Financials1.02%—-2.05%
17CTSHCognizant Tech Solutions-aStock-Tech1.02%+0.17%-1.89%
18BIDUBaidu INC - Spon AdrStock-Comm Services1.02%—-1.95%
19AMEAmetek INCStock-Industrials0.91%—-1.98%
20ORLYO'reilly Automotive INCStock-Consumer Disc0.88%+0.33%+89.34%
21IVVIshares Core S&p 500 ETFETF-Large Cap & Growth0.87%—-1.70%
22WSMWilliams-sonoma INCStock-Consumer Disc0.87%-0.11%-2.21%
23EXELExelixis INCStock-Healthcare0.84%—-2.08%
24ETSYEtsy INCStock-Consumer Disc0.83%-0.20%-3.08%
25IWFIshares Russell 1000 GrowthETF-Other0.82%—+0.84%
26SPYVSs Spdr P S&p 500 Value ETFETF-Large Cap & Growth0.80%—-1.78%
27GSGoldman Sachs Group INCStock-Financials0.78%—-3.23%
28VRTXVertex Pharmaceuticals INCStock-Healthcare0.77%—-1.94%
29WFCWells Fargo & CoStock-Financials0.72%—-3.30%
30TWLOTwilio INC - AStock-Tech0.71%+0.20%-1.62%
31LNGCheniere Energy INCStock-Energy0.71%-0.17%-2.26%
32SPYGSs Spdr P S&p 500 Growth ETFETF-Large Cap & Growth0.70%—-2.77%
33EOGEog Resources INCStock-Energy0.69%+0.22%+54.75%
34FHNFirst Horizon CORPStock-Financials0.67%—-4.34%
35MCOMoody's CORPStock-Financials0.67%+0.67%NEW
36BRK-BBerkshire Hathaway Inc-cl BStock-Other0.63%—+3.94%
37AYIAcuity INCStock-Industrials0.61%—-3.19%
38PYPLPaypal Holdings INCStock-Financials0.61%-0.14%-5.29%
39IGSBIshares 1-5y Inv Grade CORPETF-Other0.61%—+2.79%
40CDNSCadence Design Sys INCStock-Tech0.60%—-1.93%
41SIEGYSiemens Ag-spons AdrStock-Other0.60%—-3.21%
42ETREntergy CORPStock-Utilities0.59%—-3.34%
43ABBVAbbvie INCStock-Healthcare0.57%—-2.76%
44ANETArista Networks INCStock-Tech0.57%-0.38%-32.95%
45EBAYEbay INCStock-Consumer Disc0.55%—-3.29%
46IBMIntl Business Machines CORPStock-Tech0.54%—-3.07%
47XLUSt Sr Utl Sl Se Spdr Etf-usdETF-Other0.51%—+94.95%
48FTNTFortinet INCStock-Tech0.50%-0.28%-31.93%
49PNGAYPing An Insurance-adrStock-Other0.50%—-0.37%
50PGProcter & Gamble Co/theStock-Consumer Staples0.49%—-3.81%
1–50 of 322

Holding changes this quarter

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).

Position changes disclosed by Meritage Portfolio Management for the quarter ending 2025-12-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1GOOGLAlphabet Inc-cl A+1.2%-1.95%Trim
2ORLYO'reilly Automotive INC+0.3%+89.34%Add
3BMYBristol-myers Squibb Co+0.3%+1327.71%Add
4REGNRegeneron Pharmaceuticals+0.3%-1.72%Trim
5AAPLApple INC+0.3%-1.83%Trim
6HONHoneywell International INC+0.2%+754.45%Add
7EOGEog Resources INC+0.2%+54.75%Add
8TWLOTwilio INC - A+0.2%-1.62%Trim
9ADPAutomatic Data Processing+0.2%+662.36%Add
10CTSHCognizant Tech Solutions-a+0.2%-1.89%Trim
11LMTLockheed Martin CORP+0.2%+950.28%Add
12BNPQYBNP Paribas-adr+0.1%+46.42%Add
13HSBCHsbc Holdings Plc-spons Adr+0.1%-1.27%Trim
14KLACKla CORP+0.1%-2.10%Trim
15PAGPPlains Gp Holdings Lp-cl A+0.1%+36.48%Add
16SLBSlb LTD+0.1%+45.58%Add
17WSMWilliams-sonoma INC-0.1%-2.21%Trim
18CBSHCommerce Bancshares INC-0.1%-61.41%Trim
19METAMeta Platforms Inc-class A-0.1%-1.67%Trim
20PYPLPaypal Holdings INC-0.1%-5.29%Trim
21BKHBlack Hills CORP-0.2%-50.59%Trim
22LNGCheniere Energy INC-0.2%-2.26%Trim
23EVRGEvergy INC-0.2%-89.55%Trim
24ETSYEtsy INC-0.2%-3.08%Trim
25VZVerizon Communications INC-0.2%-90.94%Trim
26IWDIshares Russell 1000 Value E-0.3%-39.44%Trim
27LOWLowe's Cos INC-0.3%-94.45%Trim
28FTNTFortinet INC-0.3%-31.93%Trim
29WFWoori Financial-spon Adr-0.3%-92.94%Trim
30BABAAlibaba Group Holding-sp Adr-0.3%-2.67%Trim
31ANETArista Networks INC-0.4%-32.95%Trim
32TAt&t INC-0.4%-91.01%Trim
33MSFTMicrosoft CORP-0.4%-1.90%Trim
34EEFTEuronet Worldwide INC—EXITSold out
35MCOMoody's CORP—NEWNew buy
36LXPLxp Industrial Trust—NEWNew buy
37VMIValmont Industries—NEWNew buy
38LXPUSDLxp Industrial Trust—EXITSold out
39PRPermian Resources Corp-cl A—NEWNew buy
40EMNEastman Chemical Co—EXITSold out
41RHHBYRoche Holdings Ltd-spons Adr—NEWNew buy
42DUKDuke Energy CORP—NEWNew buy
43EGEverest Group, Ltd.—EXITSold out
44KMBKimberly-clark CORP—EXITSold out
45SUSuncor Energy INC—EXITSold out
46OMCOmnicom Group—EXITSold out
47TRPTc Energy CORP—NEWNew buy
48SRSpire INC—EXITSold out
49DTEDte Energy Company—NEWNew buy
50HTOH2o America—EXITSold out

FAQ

What is Meritage Portfolio Management and what type of investor is it?
Meritage Portfolio Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $1.5B, spread across 323 disclosed positions.
What are Meritage Portfolio Management's largest equity positions?
Based on the latest 13F filing, Meritage Portfolio Management's top holdings by market value are: 1. Apple INC (AAPL) — $89.3M (5.9%) 2. Alphabet Inc-cl A (GOOGL) — $88.6M (5.9%) 3. Microsoft CORP (MSFT) — $68.4M (4.5%) 4. Broadcom INC (AVGO) — $67.6M (4.5%) 5. Nvidia CORP (NVDA) — $54.8M (3.6%)
What changes did Meritage Portfolio Management make in its most recent portfolio filing?
In the latest reported quarter, Meritage Portfolio Management made 50 notable position adjustments: 8 new positions were initiated, 9 existing holdings were added to, 24 positions were partially reduced, and 9 were completely exited. The largest of these moves: 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)
What sectors does Meritage Portfolio Management focus on?
Meritage Portfolio Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 46.2% • Communication Services: 15.8% • Financials: 12.3% • Consumer Discretionary: 10.5% • Health Care: 8.7% • Consumer Staples: 4.4%