Fund Holdings — MERITAGE PORTFOLIO MANAGEMENT

Total Portfolio Value:
$1.51B
Total Bought:
$82.65M
Total Sold:
$192.60M
Net Transaction:
-$109.95M
Securities
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SharesValue
Q3 2025
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Q4 2025
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Change
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Q3 2025
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Q4 2025
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Weight (%)
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Change
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Apple Inc.(AAPL)334,667328,546-6,121$85.22M$89.32M5.93%+$4.10M
Alphabet Inc.(GOOG)288,751283,124-5,627$70.20M$88.62M5.88%+$18.42M
Microsoft Corporation(MSFT)144,156141,424-2,732$74.67M$68.40M4.54%-$6.27M
Broadcom Inc.(AVGO)200,874195,333-5,541$66.27M$67.60M4.49%+$1.33M
NVIDIA Corporation(NVDA)299,283293,708-5,575$55.84M$54.78M3.64%-$1.06M
Amazon.com, Inc.(AMZN)149,734146,937-2,797$32.88M$33.92M2.25%+$1.04M
HSBC Holdings plc(HSBC)299,509295,700-3,809$21.26M$23.26M1.54%+$2.00M
KLA Corporation(KLAC)17,50917,142-367$18.89M$20.83M1.38%+$1.94M
Alibaba Group Holding Limited(BABA)135,484131,873-3,611$24.22M$19.33M1.28%-$4.89M
Booking Holdings Inc.(BKNG)3,3753,308-67$18.22M$17.72M1.18%-$507.1K
JPMorgan Chase & Co.(JPM)53,82452,137-1,687$16.98M$16.80M1.11%-$178.1K
Regeneron Pharmaceuticals, Inc.(REGN)20,94120,580-361$11.77M$15.89M1.05%+$4.11M
Asml Holding Nv
N Y REGISTRY SHS
14,91314,638-275$14.44M$15.66M1.04%+$1.22M
Meta Platforms, Inc.(META)24,04023,639-401$17.65M$15.60M1.04%-$2.05M
Johnson & Johnson(JNJ)76,75674,789-1,967$14.23M$15.48M1.03%+$1.25M
Mastercard Incorporated(MA)27,60227,037-565$15.70M$15.43M1.02%-$265.4K
Cognizant Technology Solutions Corporation(CTSH)189,420185,849-3,571$12.70M$15.43M1.02%+$2.72M
Baidu Inc120,203117,856-2,347$15.84M$15.40M1.02%-$440.1K
Ametek Inc67,94966,604-1,345$12.77M$13.67M0.91%+$900.1K
O'Reilly Automotive, Inc.(ORLY)77,130146,040+68,910$8.32M$13.32M0.88%+$5.00M
Ishares S&p 500 IndexOTHER EQUITIES19,53319,200-333$13.07M$13.15M0.87%+$76.9K
Williams-Sonoma, Inc.(WSM)74,98373,323-1,660$14.66M$13.09M0.87%-$1.56M
Exelixis, Inc.(EXEL)295,426289,279-6,147$12.20M$12.68M0.84%+$478.0K
Etsy, Inc.(ETSY)232,447225,283-7,164$15.43M$12.49M0.83%-$2.94M
Ishares Russell 1000 GrowthOTHER EQUITIES25,84926,066+217$12.11M$12.34M0.82%+$229.1K
Spdr S&p 500 Value EtfOTHER EQUITIES
ST STR P500VAL
217,260213,397-3,863$12.02M$12.12M0.80%+$102.1K
The Goldman Sachs Group, Inc.(GS)13,80213,356-446$10.99M$11.74M0.78%+$748.7K
Vertex Pharmaceuticals Incorporated(VRTX)25,94025,438-502$10.16M$11.53M0.77%+$1.37M
Wells Fargo & Company(WFC)120,592116,616-3,976$10.11M$10.87M0.72%+$760.6K
Twilio Inc.(TWLO)76,31875,081-1,237$7.64M$10.68M0.71%+$3.04M
Cheniere Energy, Inc.(LNG)55,98454,717-1,267$13.16M$10.64M0.71%-$2.52M
Spdr S&p 500 Growth EtfOTHER EQUITIES
ST STR P500GRW
101,11098,308-2,802$10.57M$10.49M0.70%-$77.5K
EOG Resources, Inc.(EOG)63,54998,339+34,790$7.13M$10.33M0.69%+$3.20M
First Horizon Corporation(FHN)442,349423,143-19,206$10.00M$10.11M0.67%+$111.6K
Moody's Corporation(MCO)019,679+19,679$0$10.05M0.67%+$10.05M
Berkshire Hathaway Inc Cl B18,22718,945+718$9.16M$9.52M0.63%+$359.3K
Acuity Inc.(AYI)26,58225,733-849$9.15M$9.26M0.61%+$110.3K
PayPal Holdings, Inc.(PYPL)166,845158,015-8,830$11.19M$9.22M0.61%-$1.96M
Ishares Short-Term Corporate BOTHER EQUITIES169,674174,405+4,731$9.00M$9.22M0.61%+$224.7K
Cadence Design Systems, Inc.(CDNS)29,53328,964-569$10.37M$9.05M0.60%-$1.32M
Siemens A G Sponsored Adr66,31964,192-2,127$8.95M$8.98M0.60%+$29.9K
Entergy Corporation(ETR)99,86296,528-3,334$9.31M$8.92M0.59%-$384.1K
AbbVie Inc.(ABBV)38,87237,798-1,074$9.00M$8.64M0.57%-$363.9K
Arista Networks, Inc.(ANET)97,72965,524-32,205$14.24M$8.59M0.57%-$5.65M
eBay Inc.(EBAY)99,23495,973-3,261$9.03M$8.36M0.55%-$666.1K
International Business Machines Corporation(IBM)28,12527,262-863$7.94M$8.08M0.54%+$139.7K
Utilities Select Sector Spdr
ST STR UTIL ETF
92,728180,774+88,046$8.09M$7.72M0.51%-$369.6K
Fortinet, Inc.(FTNT)138,75894,455-44,303$11.67M$7.50M0.50%-$4.17M
Ping An Insurance Group446,161444,493-1,668$6.07M$7.46M0.50%+$1.39M
The Procter & Gamble Company(PG)53,41351,376-2,037$8.21M$7.36M0.49%-$844.1K
Autodesk Inc24,29523,747-548$7.72M$7.03M0.47%-$688.4K
QUALCOMM Incorporated(QCOM)42,03940,938-1,101$6.99M$7.00M0.46%+$8.8K
Reliance, Inc.(RS)25,07624,207-869$7.04M$6.99M0.46%-$49.4K
Adobe Inc.(ADBE)20,33419,975-359$7.17M$6.99M0.46%-$181.8K
Millicom Intl Cellular Sa
COM STK
128,565124,666-3,899$6.24M$6.91M0.46%+$670.9K
The PNC Financial Services Group, Inc.(PNC)33,19132,803-388$6.67M$6.85M0.45%+$177.9K
U.S. Bancorp(USB)129,480127,991-1,489$6.26M$6.83M0.45%+$571.8K
State Street SPDR S&P 500 ETF TrustOTHER EQUITIES(SPY)10,6909,966-724$7.12M$6.80M0.45%-$325.2K
Costco Wholesale Corporation(COST)7,8817,701-180$7.29M$6.64M0.44%-$653.8K
Exxon Mobil Corp55,59254,340-1,252$6.27M$6.54M0.43%+$271.4K
Aflac Incorporated(AFL)60,63058,897-1,733$6.77M$6.49M0.43%-$277.8K
Ishares Russell 1000 ValueOTHER EQUITIES50,15330,371-19,782$10.21M$6.39M0.42%-$3.82M
Check Point Software Tech
ORD
35,35634,081-1,275$7.32M$6.32M0.42%-$991.4K
Gilead Sciences, Inc.(GILD)50,09549,853-242$5.56M$6.12M0.41%+$558.4K
Dropbox, Inc.(DBX)220,163217,336-2,827$6.65M$6.04M0.40%-$609.2K
Snap-on Incorporated(SNA)18,13317,502-631$6.28M$6.03M0.40%-$252.4K
Plains GP Holdings, L.P.(PAGP)230,378314,420+84,042$4.20M$6.02M0.40%+$1.82M
CareTrust REIT, Inc.(CTRE)171,480164,064-7,416$5.95M$5.93M0.39%-$14.4K
Essential Properties Reit210,428199,338-11,090$6.26M$5.91M0.39%-$350.0K
Bnp Paribas Adr85,132124,654+39,522$3.88M$5.91M0.39%+$2.03M
F.N.B. Corporation(FNB)360,112345,478-14,634$5.80M$5.91M0.39%+$106.3K
Halozyme Therapeutics, Inc.(HALO)90,18486,552-3,632$6.61M$5.82M0.39%-$789.1K
Tapestry, Inc.(TPR)48,10545,468-2,637$5.45M$5.81M0.39%+$363.0K
CarGurus, Inc.(CARG)145,215150,614+5,399$5.41M$5.78M0.38%+$369.7K
Vanguard Total Stock Mkt EtfOTHER EQUITIES17,00917,188+179$5.58M$5.76M0.38%+$180.5K
The Coca-Cola Company(KO)80,00179,902-99$5.31M$5.59M0.37%+$280.3K
Nomad Foods Limited(NOMD)343,215445,889+102,674$4.51M$5.58M0.37%+$1.06M
NorthWestern Energy Group, Inc.(NWE)87,64485,370-2,274$5.14M$5.51M0.37%+$373.0K
LXP Industrial Trust(LXP)0110,105+110,105$0$5.46M0.36%+$5.46M
British American Tobacco p.l.c.(BTI)96,04494,693-1,351$5.10M$5.36M0.36%+$263.5K
Cummins Inc.(CMI)10,56210,459-103$4.46M$5.34M0.35%+$877.7K
Fifth Third Bancorp(FITB)116,772112,889-3,883$5.20M$5.28M0.35%+$82.1K
Valmont Industries, Inc.(VMI)012,977+12,977$0$5.22M0.35%+$5.22M
UGI Corporation(UGI)140,801136,203-4,598$4.68M$5.10M0.34%+$415.0K
Amgen Inc.(AMGN)15,97315,490-483$4.51M$5.07M0.34%+$562.5K
BP p.l.c.(BP)148,017145,044-2,973$5.10M$5.04M0.33%-$63.3K
Open Text Corporation(OTEX)131,407154,162+22,755$4.91M$5.02M0.33%+$110.6K
Ishares Barclays Int Govt/credOTHER EQUITIES46,19546,408+213$4.96M$4.98M0.33%+$18.8K
Public Storage(PSA)20,37319,158-1,215$5.88M$4.97M0.33%-$913.2K
Bristol-Myers Squibb Company(BMY)6,38491,145+84,761$287.9K$4.92M0.33%+$4.63M
Fidelity National Information Services, Inc.(FIS)74,38673,536-850$4.91M$4.89M0.32%-$17.8K
Permian Resources Corporation(PR)0347,924+347,924$0$4.88M0.32%+$4.88M
PulteGroup, Inc.(PHM)42,55641,259-1,297$5.62M$4.84M0.32%-$784.9K
National Health Investors, Inc.(NHI)42,34062,512+20,172$3.37M$4.77M0.32%+$1.41M
W. P. Carey Inc.(WPC)73,81073,770-40$4.99M$4.75M0.32%-$239.5K
Nn Group N.V.121,498121,135-363$4.28M$4.66M0.31%+$384.5K
Schwab Short-Term U.S. TreasurOTHER EQUITIES186,252190,711+4,459$4.54M$4.65M0.31%+$103.1K
Vanguard Small Cap Growth EtfOTHER EQUITIES15,94015,374-566$4.74M$4.64M0.31%-$99.4K
Public Service Enterprise Group Incorporated(PEG)59,32557,535-1,790$4.95M$4.62M0.31%-$331.2K
Griffon Corporation(GFF)63,28961,207-2,082$4.82M$4.51M0.30%-$311.6K
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MERITAGE PORTFOLIO MANAGEMENT — 13F Holdings — Q4 2025 | TickerTrail