Meritage Portfolio Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Meritage Portfolio Management reported 334 stock positions worth $1.6 billion. Its top holding was Apple (AAPL) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Alphabet Class A (GOOGL, 4.6%). Compared with Q1 2024, it opened 22 new positions, sold out of 31, added to 71 and reduced 196. The biggest buy was Exxon Mobil (XOM, shares +237%) and the biggest sale an exit from Pioneer Natural Resources (PXD).
- Most Recent 13F
- Q4 2025
- Location
- OVERLAND PARK, KS
- CIK
- 0000881432
- Portfolio Value
- $1.6B (Q2 2024)
- SEC Filing
- 0000881432-24-000011 ↗ filed Aug 9, 2024
Holdings Value
Holdings 334 stocks · $1.6B
| AAPL Apple Inc. | 6.37% | 479,109 | $100.9M | Reduce -1.4% |
| MSFT Microsoft Corp. | 5.35% | 189,786 | $84.8M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 4.61% | 400,935 | $73.0M | Reduce -1.2% |
| AVGO Broadcom Inc. | 3.05% | 30,115 | $48.4M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 2.09% | 171,615 | $33.2M | Reduce -1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.86% | 206,023 | $29.4M | Reduce -13.9% |
| ASML ASML Holding NV-NY Reg SHS | 1.74% | 26,985 | $27.6M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 1.72% | 236,781 | $27.3M | Add +236.7% |
| CDNS Cadence Design SYS Inc. | 1.58% | 81,156 | $25.0M | Reduce -1.6% |
| FTNT Fortinet Inc. | 1.37% | 359,039 | $21.6M | Reduce -1.6% |
| KLAC KLA Corp. | 1.30% | 24,892 | $20.5M | Reduce -1.4% |
| BKNG Booking Holdings Inc. | 1.19% | 4,760 | $18.9M | Reduce -1.2% |
| VRTX Vertex Pharmaceuticals Inc. | 1.10% | 37,096 | $17.4M | Reduce -1.3% |
| MA Mastercard Inc. Class A | 1.09% | 39,074 | $17.2M | Reduce -1.4% |
| NVDA Nvidia Corp. | 1.06% | 135,732 | $16.8M | Add +77.6% |
| ANET Arista Networks Inc. | 1.02% | 46,151 | $16.2M | Reduce -1.6% |
| AME Ametek Inc. | 1.02% | 96,777 | $16.1M | Reduce -1.4% |
| ADBE Adobe Inc. | 1.02% | 28,950 | $16.1M | Reduce -1.4% |
| WSM Williams-Sonoma Inc. | 0.95% | 53,543 | $15.1M | Reduce -1.2% |
| VLTO Veralto Corp. | 0.94% | 156,456 | $14.9M | Reduce -1.2% |
| BABA Alibaba Group Holding-SP ADR | 0.88% | 192,532 | $13.9M | Reduce -1.4% |
| COR Cencora Inc. | 0.82% | 57,900 | $13.0M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.76% | 82,033 | $12.0M | Add +17.0% |
| LNG Cheniere Energy Inc. | 0.74% | 66,631 | $11.6M | Reduce -49.9% |
| HUM Humana Inc. | 0.73% | 30,752 | $11.5M | Add +169.7% |
| JPM JPMorgan Chase & Co. | 0.72% | 56,044 | $11.3M | Reduce -1.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.69% | 223,526 | $10.9M | Reduce -37.8% |
| PG The Procter & Gamble Co. | 0.68% | 65,152 | $10.7M | Reduce -0.8% |
| IVV iShares Core S&P 500 ETF | 0.65% | 18,844 | $10.3M | Add +2.0% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.64% | 234,196 | $10.2M | Reduce -1.4% |
| APA Apa Corp. | 0.63% | 336,637 | $9.9M | Reduce -1.3% |
| IWF iShares Russell 1000 Growth | 0.63% | 27,164 | $9.9M | Reduce -1.4% |
| CHE Chemed Corp. | 0.62% | 18,237 | $9.9M | Reduce -1.4% |
| QCOM Qualcomm Inc. | 0.62% | 49,182 | $9.8M | Reduce -1.0% |
| MBGYY Mercedes-Benz Group-Unsp ADR | 0.62% | 567,347 | $9.8M | Reduce -1.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.62% | 190,800 | $9.8M | Reduce -7.2% |
| AMAT Applied Materials Inc. | 0.61% | 41,248 | $9.7M | Reduce -1.3% |
| EEFT Euronet Worldwide Inc. | 0.61% | 93,814 | $9.7M | Reduce -1.3% |
| EOG EOG Resources Inc. | 0.59% | 74,698 | $9.4M | Add +63.4% |
| EXEL Exelixis Inc. | 0.59% | 414,066 | $9.3M | Add +2.0% |
| ACGL Arch Capital Group Ltd. | 0.58% | 90,346 | $9.1M | Reduce -1.2% |
| JAZZ Jazz Pharmaceuticals PLC | 0.55% | 81,378 | $8.7M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 21,149 | $8.6M | Reduce -1.4% |
| ADSK Autodesk Inc. | 0.54% | 34,506 | $8.5M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.54% | 179,122 | $8.5M | Reduce -1.7% |
| WFC Wells Fargo & Co. | 0.53% | 142,312 | $8.5M | Reduce -1.3% |
| RS Reliance Inc. | 0.53% | 29,549 | $8.4M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.53% | 32,720 | $8.3M | Reduce -1.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.51% | 8,947 | $8.1M | Reduce -1.3% |
| T AT&T Inc. | 0.51% | 419,520 | $8.0M | Reduce -1.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.50% | 99,664 | $8.0M | Reduce -6.1% |
| INFA Informatica Inc. Class A | 0.50% | 255,411 | $7.9M | New |
| COST Costco Wholesale Corp. | 0.50% | 9,275 | $7.9M | Reduce -1.1% |
| AMGN Amgen Inc. | 0.50% | 25,180 | $7.9M | Reduce -1.2% |
| PYPL PayPal Holdings Inc. | 0.50% | 135,258 | $7.8M | Reduce -1.4% |
| AYI Acuity Inc. | 0.48% | 31,270 | $7.5M | Reduce -1.3% |
| ORLY O'reilly Automotive Inc. | 0.48% | 7,148 | $7.5M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 0.47% | 14,759 | $7.5M | Reduce -0.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.46% | 106,688 | $7.3M | Reduce -1.3% |
| GS Goldman Sachs Group Inc. | 0.46% | 15,977 | $7.2M | New |
| DBX Dropbox Inc. Class A | 0.45% | 318,446 | $7.2M | Reduce -1.5% |
| EXPD Expeditors Intl Wash Inc. | 0.44% | 56,420 | $7.0M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 12,834 | $7.0M | Add +1.3% |
| CHKP Check Point Software Tech | 0.43% | 41,560 | $6.9M | Reduce -1.3% |
| MTDR Matador Resources Co. | 0.42% | 110,851 | $6.6M | Reduce -1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 38,017 | $6.6M | Reduce -1.7% |
| ELV Elevance Health Inc. | 0.40% | 11,785 | $6.4M | Reduce -1.2% |
| TPR Tapestry Inc. | 0.40% | 148,255 | $6.3M | Reduce -1.1% |
| ETR Entergy Corp. | 0.40% | 59,137 | $6.3M | Reduce -1.3% |
| GSK GSK PLC-Spon ADR | 0.40% | 163,301 | $6.3M | Reduce -1.3% |
| EBAY eBay Inc. | 0.40% | 116,899 | $6.3M | Reduce -1.3% |
| AFL Aflac Inc. | 0.40% | 70,295 | $6.3M | Reduce -1.1% |
| PM Philip Morris International | 0.40% | 61,948 | $6.3M | Reduce -1.1% |
| AXS Axis Capital Holdings Ltd. | 0.39% | 87,674 | $6.2M | Reduce -2.6% |
| ETSY Etsy Inc. | 0.39% | 104,869 | $6.2M | Reduce -1.3% |
| EA Electronic Arts Inc. | 0.38% | 43,545 | $6.1M | Reduce -1.3% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 0.38% | 172,452 | $6.0M | Reduce -1.3% |
| FNB FNB Corp. | 0.37% | 429,494 | $5.9M | Reduce -1.2% |
| FHN First Horizon Corp. | 0.37% | 371,412 | $5.9M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.37% | 34,133 | $5.9M | Add +3.4% |
| LLY Eli Lilly & Co. | 0.37% | 6,428 | $5.8M | Add +0.1% |
| SEB Seaboard Corp. | 0.36% | 1,820 | $5.8M | No change |
| SNA Snap-on Inc. | 0.36% | 21,562 | $5.6M | Reduce -1.3% |
| PHM Pultegroup Inc. | 0.35% | 50,742 | $5.6M | Reduce -46.6% |
| CRM Salesforce Inc. | 0.35% | 21,345 | $5.5M | Add +0.2% |
| GVI iShares Intermediate Governm | 0.34% | 51,499 | $5.3M | Reduce -3.3% |
| C Citigroup Inc. | 0.34% | 83,927 | $5.3M | Reduce -2.3% |
| E Eni SPA-Sponsored ADR | 0.34% | 172,324 | $5.3M | Add +32.8% |
| PAGP Plains GP Holdings LP | 0.33% | 276,744 | $5.2M | Reduce -2.5% |
| APAM Artisan Partners Asset Ma -A | 0.33% | 126,005 | $5.2M | Add +37.0% |
| PEG Public Service Enterprise GP | 0.33% | 69,953 | $5.2M | Reduce -1.3% |
| KO The Coca-Cola Co. | 0.32% | 80,278 | $5.1M | Reduce -0.0% |
| CMCSA Comcast Corp. Class A | 0.32% | 127,714 | $5.0M | Reduce -1.2% |
| FITB Fifth Third Bancorp | 0.32% | 137,001 | $5.0M | Reduce -1.2% |
| NVS Novartis AG-Sponsored ADR | 0.31% | 46,255 | $4.9M | New |
| EMN Eastman Chemical Co. | 0.31% | 50,233 | $4.9M | New |
| EG Everest Group Ltd. | 0.31% | 12,791 | $4.9M | Reduce -1.2% |
| WPC WP Carey Inc. | 0.31% | 88,487 | $4.9M | Reduce -2.3% |
| AEP American Electric Power | 0.31% | 55,402 | $4.9M | Reduce -2.2% |
| APLE Apple Hospitality REIT Inc. | 0.31% | 334,238 | $4.9M | Reduce -1.2% |
Portfolio Sells Q1 2024 → Q2 2024
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −1.23 |
| LNG Cheniere Energy Inc. | Reduce -49.9% | 0.74% | −0.63 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -37.8% | 0.69% | −0.46 |
| IHF iShares U.S. Healthcare Prov | Sold out | 0.00% | −0.44 |
| TNET Trinet Group Inc. | Reduce -93.5% | 0.02% | −0.39 |
| PHM Pultegroup Inc. | Reduce -46.6% | 0.35% | −0.38 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.32 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.32 |
| NSA National Storage Affiliates | Sold out | 0.00% | −0.31 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.24 |
| FTNT Fortinet Inc. | Reduce -1.6% | 1.37% | −0.23 |
| XLF SS Financial Select Sector | Reduce -50.4% | 0.21% | −0.22 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.22 |
| KR Kroger Co. | Reduce -36.7% | 0.24% | −0.20 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.18 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.18 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −0.17 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.16 |
| WSM Williams-Sonoma Inc. | Reduce -1.2% | 0.95% | −0.14 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.14 |
| CHE Chemed Corp. | Reduce -1.4% | 0.62% | −0.13 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 1.09% | −0.13 |
| CRBG Corebridge Financial Inc. | Reduce -41.3% | 0.18% | −0.13 |
| AME Ametek Inc. | Reduce -1.4% | 1.02% | −0.13 |
| APA Apa Corp. | Reduce -1.3% | 0.63% | −0.12 |
| CAG Conagra Brands Inc. | Reduce -43.3% | 0.14% | −0.12 |
| MBGYY Mercedes-Benz Group-Unsp ADR | Reduce -1.4% | 0.62% | −0.11 |
| RS Reliance Inc. | Reduce -1.3% | 0.53% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -13.9% | 1.86% | −0.10 |
| PYPL PayPal Holdings Inc. | Reduce -1.4% | 0.50% | −0.09 |
| COR Cencora Inc. | Reduce -1.4% | 0.82% | −0.09 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -1.4% | 0.55% | −0.09 |
| GWW WW Grainger Inc. | Reduce -1.3% | 0.51% | −0.08 |
| ETSY Etsy Inc. | Reduce -1.3% | 0.39% | −0.08 |
| MCD McDonald's Corp. | Reduce -1.3% | 0.53% | −0.07 |
| AYI Acuity Inc. | Reduce -1.3% | 0.48% | −0.07 |
| CDNS Cadence Design SYS Inc. | Reduce -1.6% | 1.58% | −0.06 |
| MTDR Matador Resources Co. | Reduce -1.2% | 0.42% | −0.06 |
| SNA Snap-on Inc. | Reduce -1.3% | 0.36% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -1.7% | 0.42% | −0.06 |
| GSK GSK PLC-Spon ADR | Reduce -1.3% | 0.40% | −0.06 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -7.2% | 0.62% | −0.06 |
| EEFT Euronet Worldwide Inc. | Reduce -1.3% | 0.61% | −0.05 |
| TPR Tapestry Inc. | Reduce -1.1% | 0.40% | −0.05 |
| DBX Dropbox Inc. Class A | Reduce -1.5% | 0.45% | −0.05 |
| MSM MSC Industrial Direct Co. Class A | Reduce -1.1% | 0.20% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 0.27% | −0.05 |
| APLE Apple Hospitality REIT Inc. | Reduce -1.2% | 0.31% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -1.4% | 0.48% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -1.7% | 0.54% | −0.04 |
Portfolio Buys Q1 2024 → Q2 2024
| XOM Exxon Mobil Corp. | Add +236.7% | 1.72% | +1.20 |
| NVDA Nvidia Corp. | Add +77.6% | 1.06% | +0.62 |
| INFA Informatica Inc. Class A | New | 0.50% | +0.50 |
| HUM Humana Inc. | Add +169.7% | 0.73% | +0.47 |
| GS Goldman Sachs Group Inc. | New | 0.46% | +0.46 |
| NVS Novartis AG-Sponsored ADR | New | 0.31% | +0.31 |
| EMN Eastman Chemical Co. | New | 0.31% | +0.31 |
| SIEGY Siemens AG-Spons ADR | New | 0.30% | +0.30 |
| SHEL Shell PLC-ADR | New | 0.22% | +0.22 |
| DINO HF Sinclair Corp. | New | 0.22% | +0.22 |
| EOG EOG Resources Inc. | Add +63.4% | 0.59% | +0.22 |
| ZURVY Zurich Insurance Group-ADR | New | 0.22% | +0.22 |
| OTEX Open Text Corp. | New | 0.21% | +0.21 |
| AQN Algonquin Power & Utilities | New | 0.21% | +0.21 |
| ING ING Groep N.V.-Sponsored ADR | New | 0.21% | +0.21 |
| UPBD Upbound Group Inc. | New | 0.14% | +0.14 |
| WF Woori Financial-Spon ADR | Add +53.4% | 0.29% | +0.10 |
| LADR Ladder Capital Corp.-REIT | Add +49.4% | 0.22% | +0.07 |
| E Eni SPA-Sponsored ADR | Add +32.8% | 0.34% | +0.07 |
| APAM Artisan Partners Asset Ma -A | Add +37.0% | 0.33% | +0.06 |
| SLF Sun Life Financial Inc. | Add +38.9% | 0.27% | +0.05 |
| JNJ Johnson & Johnson | Add +17.0% | 0.76% | +0.05 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.37% | +0.05 |
| SON Sonoco Products Co. | Add +39.4% | 0.24% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +2.0% | 0.65% | +0.03 |
| SLV iShares Silver Trust | Add +37.3% | 0.08% | +0.03 |
| EPRT Essential Properties Realty | New | 0.02% | +0.02 |
| RIVN Rivian Automotive Inc. Class A | Add +33.9% | 0.06% | +0.02 |
| NSSC Napco Security Technologies | New | 0.02% | +0.02 |
| FCPT Four Corners Property Trust | New | 0.02% | +0.02 |
| ACIW Aci Worldwide Inc. | New | 0.02% | +0.02 |
| OGE Oge Energy Corp. | New | 0.02% | +0.02 |
| PRI Primerica Inc. | New | 0.02% | +0.02 |
| YOU Clear Secure Inc. Class A | New | 0.02% | +0.02 |
| EXTR Extreme Networks Inc. | Add +60.1% | 0.04% | +0.02 |
| SLM SLM Corp. | New | 0.02% | +0.02 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.02% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.3% | 0.44% | +0.02 |
| GDDY GoDaddy Inc. Class A | Add +1.1% | 0.09% | +0.01 |
| CROX Crocs Inc. | Add +21.5% | 0.07% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +13.9% | 0.09% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 0.08% | +0.01 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +101.2% | 0.03% | +0.01 |
| CORT Corcept Therapeutics Inc. | Add +0.5% | 0.05% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +14.7% | 0.06% | +0.01 |
| BRBR Bellring Brands Inc. | Add +23.4% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.5% | 0.28% | +0.01 |
| STRL Sterling Infrastructure Inc. | Add +1.0% | 0.11% | +0.01 |
| META Meta Platforms Inc. Class A | Add +7.1% | 0.05% | +0.00 |
| EME Emcor Group Inc. | Add +0.5% | 0.13% | +0.00 |
Notes & Other Activity Q1 2024 → Q2 2024
| ALGONQUIN PWR & (AQNCN 7.75 06/15/24) | UNIT 06/15/2024 | Sold out | 173,902 | $3.7Mbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 322 | $1.5B | AAPL, GOOGL, MSFT, AVGO, NVDA |
| Q3 2025 | 328 | $1.5B | AAPL, MSFT, GOOGL, AVGO, NVDA |
| Q2 2025 | 326 | $1.6B | MSFT, AAPL, AVGO, GOOGL, NVDA |
| Q1 2025 | 321 | $1.5B | AAPL, MSFT, GOOGL, AVGO, NVDA |
| Q4 2024 | 328 | $1.6B | AAPL, MSFT, GOOGL, AVGO, NVDA |
| Q3 2024 | 336 | $1.6B | AAPL, MSFT, GOOGL, AVGO, AMZN |
| Q2 2024 | 334 | $1.6B | AAPL, MSFT, GOOGL, AVGO, AMZN |
| Q1 2024 | 343 | $1.6B | AAPL, MSFT, GOOGL, AVGO, AMZN |