MERITAGE PORTFOLIO MANAGEMENT
CIK
881432
Location
OVERLAND PARK, KS
Portfolio Value
Mid
$1,341,325,772
Diversification
Diversified
Filing Date
Global Rank
#1,565
/ 8,740
▼ 47
· as of Dec 2025
Top Industry
Semiconductors
10.0%
3Y Alpha vs SPY
+40.7%
Period ended 8 months ago
Filed Jan 27, 2026 · 7mo
24 quarters · since Mar 2020
Clone Performance
Aug 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+304.6%
SPY
+72.2%
Annualised alpha
+41.2%
Max drawdown
−18.6%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 11 quarters.MERITAGE PORTFOLIO MANAGEMENT has stopped filing, so the simulation ends in Jul 2026 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.
Portfolio Concentration
262 tracked positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
6.7%
+0.4 pts
Top 5
27.6%
+1.3 pts
Top 10
36.2%
+1.3 pts
HHI
211
Diversified+16
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 33.8% | $453,717,850 |
| Financial Services | 14.4% | $192,750,307 |
| Consumer Cyclical | 11.8% | $157,622,135 |
| Communication Services | 10.2% | $137,143,994 |
| Healthcare | 7.5% | $100,298,262 |
| Industrials | 5.1% | $68,014,550 |
| Energy | 4.5% | $60,961,315 |
| Real Estate | 4.0% | $53,839,810 |
| Consumer Defensive | 3.5% | $46,529,610 |
| Utilities | 3.3% | $44,457,186 |
| Unclassified | 1.2% | $15,928,713 |
| Basic Materials | 0.8% | $10,062,040 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NOMD | Nomad Foods Ltd | +102,674 | 445,889 | $5,578,071 | |
| BMY | Bristol Myers Squibb Co | +84,761 | 91,145 | $4,916,361 | |
| PAGP | Plains Gp Holdings LP | +84,042 | 314,420 | $6,017,998 | |
| ORLY | O Reilly Automotive Inc | +68,910 | 146,040 | $13,320,308 | |
| OSPN | OneSpan Inc. | +59,405 | 207,736 | $2,667,330 | |
| SGMOQ | Sangamo Therapeutics, Inc | +50,000 | 227,000 | $95,340 | |
| QFIN | Qfin Holdings, Inc. | +42,136 | 118,969 | $2,292,532 | |
| EOG | Eog Resources Inc | +34,790 | 98,339 | $10,326,578 | |
| GTY | Getty Realty Corp /Md/ | +33,675 | 141,628 | $3,876,358 | |
| SLB | Slb Limited/Nv | +33,549 | 107,157 | $4,112,685 | |
| NNN | Nnn REIT, Inc. | +31,234 | 109,186 | $4,327,041 | |
| GIC | GLOBAL INDUSTRIAL Co | +27,623 | 107,047 | $3,127,913 | |
| OTEX | Open Text Corp | +22,755 | 154,162 | $5,022,597 | |
| NHI | National Health Investors Inc | +20,172 | 62,512 | $4,774,041 | |
| MGY | Magnolia Oil & Gas Corp | +19,718 | 58,956 | $1,290,546 | |
| HON | Honeywell International Inc | +16,862 | 19,097 | $3,725,633 | |
| ADP | Automatic Data Processing Inc | +12,055 | 13,875 | $3,569,066 | |
| PLD | Prologis, Inc. | +8,747 | 27,889 | $3,560,309 | |
| ITUB | Itau Unibanco Holding S.A. | +6,884 | 330,447 | $2,366,000 | |
| CARG | CarGurus, Inc. | +5,399 | 150,614 | $5,776,046 | |
| LMT | Lockheed Martin Corp | +5,046 | 5,577 | $2,697,427 | |
| BN | BROOKFIELD Corp /ON/ | +3,163 | 13,780 | $632,364 | |
| INFY | Infosys Ltd | +2,078 | 167,372 | $2,982,569 | |
| TIMB | Tim S.A. | +1,705 | 186,730 | $3,631,898 | |
| SKT | Tanger Inc. | +1,624 | 12,050 | $402,108 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| LXP | LXP Industrial Trust | −446,195 | 110,105 | $5,459,005 | |
| T | At&T Inc. | −201,443 | 19,891 | $494,092 | |
| WF | Woori Financial Group Inc. | −87,561 | 6,651 | $391,012 | |
| VZ | Verizon Communications Inc | −72,168 | 7,190 | $292,848 | |
| FTNT | Fortinet, Inc. | −44,303 | 94,455 | $7,500,671 | |
| BKH | Black Hills Corp /Sd/ | −42,686 | 41,683 | $2,893,633 | |
| EVRG | Evergy, Inc. | −37,027 | 4,321 | $313,229 | |
| SLV | iShares Silver Trust | −35,924 | 9,470 | $610,057 | |
| ANET | Arista Networks, Inc. | −32,205 | 65,524 | $8,585,609 | |
| CBSH | Commerce Bancshares Inc /Mo/ | −23,969 | 15,065 | $788,502 | |
| FHN | First Horizon Corp | −19,206 | 423,143 | $10,113,117 | |
| LOW | Lowes Companies Inc | −15,537 | 913 | $220,179 | |
| FNB | Fnb Corp/Pa/ | −14,634 | 345,478 | $5,907,673 | |
| EPRT | Essential Properties Realty Trust, Inc. | −11,090 | 199,338 | $5,912,365 | |
| PYPL | PayPal Holdings, Inc. | −8,830 | 158,015 | $9,224,915 | |
| ADEA | Adeia Inc. | −8,113 | 75,369 | $1,300,115 | |
| CTRE | CareTrust REIT, Inc. | −7,416 | 164,064 | $5,932,554 | |
| ETSY | Etsy Inc | −7,164 | 225,283 | $12,489,689 | |
| EXEL | Exelixis, Inc. | −6,147 | 289,279 | $12,679,098 | |
| AAPL | Apple Inc. | −6,121 | 328,546 | $89,318,515 | |
| GOOGL | Alphabet Inc. | −5,991 | 288,935 | $90,441,303 | |
| NVDA | Nvidia Corp | −5,575 | 293,708 | $54,776,542 | |
| AVGO | Broadcom Inc. | −5,541 | 195,333 | $67,604,751 | |
| CMCSA | Comcast Corp | −5,000 | 104,166 | $3,113,519 | |
| ABEV | Ambev S.A. | −4,860 | 1,670,089 | $4,125,119 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
13 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MCO | Moodys Corp /De/ | 19,679 | $10,053,017 | |
| VMI | Valmont Industries Inc | 12,977 | $5,220,906 | |
| PR | Permian Resources Corp | 347,924 | $4,881,373 | |
| DUK | Duke Energy CORP | 34,277 | $4,017,607 | |
| TRP | Tc Energy Corp | 59,964 | $3,298,619 | |
| DTE | Dte Energy Co | 21,640 | $2,791,127 | |
| LRCX | Lam Research Corp | 1,410 | $241,363 | |
| SGOL | abrdn Gold ETF Trust | 5,280 | $216,902 | |
| MRK | Merck & Co., Inc. | 2,003 | $210,835 | |
| STLD | Steel Dynamics Inc | 1,206 | $204,356 | |
| RTX | RTX Corp | 1,101 | $201,923 | |
| UVIX | VS Trust | 14,192 | $81,036 | |
| CTRA | Coterra Energy Inc. | 7,961 | $0 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
24 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EEFT | Euronet Worldwide, Inc. | 124,343 | $10,918,558 | |
| EMN | Eastman Chemical Co | 75,987 | $4,790,980 | |
| EG | Everest Group, Ltd. | 10,832 | $3,793,691 | |
| KMB | Kimberly Clark Corp | 29,976 | $3,727,215 | |
| SU | Suncor Energy Inc | 88,374 | $3,694,916 | |
| OMC | Omnicom Group Inc. | 43,449 | $3,542,396 | |
| SR | Spire Inc | 40,079 | $3,267,240 | |
| HTO | H2o America | 44,993 | $2,191,159 | |
| REZI | Resideo Technologies, Inc. | 13,971 | $603,267 | |
| SKY | Champion Homes, Inc. | 3,982 | $304,105 | |
| MELI | Mercadolibre Inc | 121 | $282,769 | |
| FCPT | Four Corners Property Trust, Inc. | 11,251 | $274,524 | |
| KFY | Korn Ferry | 3,674 | $257,106 | |
| NFLX | Netflix Inc | 202 | $242,181 | |
| DHR | Danaher Corp /De/ | 1,189 | $235,731 | |
| HBNC | Horizon Bancorp Inc /In/ | 14,490 | $231,984 | |
| PFE | Pfizer Inc | 8,975 | $228,683 | |
| CHTR | Charter Communications, Inc. /Mo/ | 818 | $225,039 | |
| NVO | Novo Nordisk A S | 3,819 | $211,916 | |
| SM | SM Energy Co | 8,377 | $209,173 | |
| EXC | Exelon Corp | 4,583 | $206,280 | |
| BLK | BlackRock, Inc. | 176 | $205,193 | |
| UTL | Unitil Corp | 4,236 | $202,734 | |
| INMD | InMode Ltd. | 10,798 | $160,890 | |
| No positions match the current search. | ||||
262 tracked positions ·
$1,341,325,772 total
· filing declares
323 positions · $1,506,772,272
· as of Dec 31, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 262 positions by value
· page 1 of 6
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 288,935 | $90,441,303 | 6.74% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 328,546 | $89,318,515 | 6.66% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 141,424 | $68,395,474 | 5.10% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 195,333 | $67,604,751 | 5.04% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 293,708 | $54,776,542 | 4.08% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 146,937 | $33,915,998 | 2.53% | |
| HSBC |
Hsbc Holdings PLC
Financial Services
|
Reduced | 295,700 | $23,262,719 | 1.73% | |
| KLAC |
Kla Corp
Technology
|
Reduced | 17,142 | $20,828,901 | 1.55% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Reduced | 131,873 | $19,329,944 | 1.44% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Reduced | 3,308 | $17,715,431 | 1.32% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 52,137 | $16,799,584 | 1.25% | |
| REGN |
Regeneron Pharmaceuticals, Inc.
Healthcare
|
Reduced | 20,580 | $15,885,084 | 1.18% | |
| ASML |
Asml Holding NV
Technology
|
Reduced | 14,638 | $15,660,610 | 1.17% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 23,639 | $15,603,867 | 1.16% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 74,789 | $15,477,583 | 1.15% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 27,037 | $15,434,882 | 1.15% | |
| CTSH |
Cognizant Technology Solutions Corp
Technology
|
Reduced | 185,849 | $15,425,467 | 1.15% | |
| BIDU |
Baidu, Inc.
Communication Services
|
Reduced | 117,856 | $15,399,064 | 1.15% | |
| AME |
Ametek Inc/
Industrials
|
Reduced | 66,604 | $13,674,467 | 1.02% | |
| ORLY |
O Reilly Automotive Inc
Consumer Cyclical
|
Added | 146,040 | $13,320,308 | 0.99% | |
| WSM |
Williams Sonoma Inc
Consumer Cyclical
|
Reduced | 73,323 | $13,094,754 | 0.98% | |
| EXEL |
Exelixis, Inc.
Healthcare
|
Reduced | 289,279 | $12,679,098 | 0.95% | |
| ETSY |
Etsy Inc
Consumer Cyclical
|
Reduced | 225,283 | $12,489,689 | 0.93% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 13,356 | $11,739,924 | 0.88% | |
| VRTX |
Vertex Pharmaceuticals Inc / Ma
Healthcare
|
Reduced | 25,438 | $11,532,571 | 0.86% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 18,947 | $11,032,304 | 0.82% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 116,616 | $10,868,611 | 0.81% | |
| TWLO |
Twilio Inc
Technology
|
Reduced | 75,081 | $10,679,521 | 0.80% | |
| LNG |
Cheniere Energy, Inc.
Energy
|
Reduced | 54,717 | $10,636,437 | 0.79% | |
| EOG |
Eog Resources Inc
Energy
|
Added | 98,339 | $10,326,578 | 0.77% | |
| FHN |
First Horizon Corp
Financial Services
|
Reduced | 423,143 | $10,113,117 | 0.75% | |
| MCO |
Moodys Corp /De/
Financial Services
|
NEW | 19,679 | $10,053,017 | 0.75% | |
| AYI |
Acuity Inc. (De)
Industrials
|
Reduced | 25,733 | $9,264,909 | 0.69% | |
| PYPL |
PayPal Holdings, Inc.
Financial Services
|
Reduced | 158,015 | $9,224,915 | 0.69% | |
| CDNS |
Cadence Design Systems Inc
Technology
|
Reduced | 28,964 | $9,053,567 | 0.67% | |
| ETR |
Entergy Corp /De/
Utilities
|
Reduced | 96,528 | $8,922,083 | 0.67% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 37,798 | $8,636,465 | 0.64% | |
| ANET |
Arista Networks, Inc.
Technology
|
Reduced | 65,524 | $8,585,609 | 0.64% | |
| EBAY |
Ebay Inc
Consumer Cyclical
|
Reduced | 95,973 | $8,359,248 | 0.62% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 27,262 | $8,075,277 | 0.60% | |
| FTNT |
Fortinet, Inc.
Technology
|
Reduced | 94,455 | $7,500,671 | 0.56% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 51,376 | $7,362,694 | 0.55% | |
| ADSK |
Autodesk, Inc.
Technology
|
Reduced | 23,747 | $7,029,349 | 0.52% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 40,938 | $7,002,444 | 0.52% | |
| RS |
Reliance, Inc.
Basic Materials
|
Reduced | 24,207 | $6,992,676 | 0.52% | |
| ADBE |
Adobe Inc.
Technology
|
Reduced | 19,975 | $6,991,050 | 0.52% | |
| TIGO |
Millicom International Cellular SA
Communication Services
|
Reduced | 124,666 | $6,911,483 | 0.52% | |
| PNC |
Pnc Financial Services Group, Inc.
Financial Services
|
Reduced | 32,803 | $6,846,970 | 0.51% | |
| USB |
US Bancorp De
Financial Services
|
Reduced | 127,991 | $6,829,599 | 0.51% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 9,966 | $6,796,014 | 0.51% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.