Meritage Portfolio Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Meritage Portfolio Management reported 322 stock positions worth $1.5 billion. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by Alphabet Class A (GOOGL, 5.9%) and Microsoft (MSFT, 4.5%). Compared with Q3 2025, it opened 18 new positions, sold out of 24, added to 58 and reduced 213. The biggest buy was a new position in Moody's (MCO) and the biggest sale an exit from Euronet Worldwide (EEFT).

Most Recent 13F
Q4 2025
Location
OVERLAND PARK, KS
CIK
0000881432
Portfolio Value
$1.5B (Q4 2025)
SEC Filing
0000881432-26-000002 ↗ filed Jan 27, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025

Holdings 322 stocks · $1.5B

AAPL Apple Inc. 5.93% 328,546 $89.3M Reduce -1.8%
GOOGL Alphabet Inc. Class A 5.88% 283,124 $88.6M Reduce -1.9%
MSFT Microsoft Corp. 4.54% 141,424 $68.4M Reduce -1.9%
AVGO Broadcom Inc. 4.49% 195,333 $67.6M Reduce -2.8%
NVDA Nvidia Corp. 3.64% 293,708 $54.8M Reduce -1.9%
AMZN Amazon.com Inc. 2.25% 146,937 $33.9M Reduce -1.9%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 1.54% 295,700 $23.3M Reduce -1.3%
KLAC KLA Corp. 1.38% 17,142 $20.8M Reduce -2.1%
BABA Alibaba Group Holding-SP ADR 1.28% 131,873 $19.3M Reduce -2.7%
BKNG Booking Holdings Inc. 1.18% 3,308 $17.7M Reduce -2.0%
JPM JPMorgan Chase & Co. 1.11% 52,137 $16.8M Reduce -3.1%
REGN Regeneron Pharmaceuticals 1.05% 20,580 $15.9M Reduce -1.7%
ASML ASML Holding NV-NY Reg SHS 1.04% 14,638 $15.7M Reduce -1.8%
META Meta Platforms Inc. Class A 1.04% 23,639 $15.6M Reduce -1.7%
JNJ Johnson & Johnson 1.03% 74,789 $15.5M Reduce -2.6%
MA Mastercard Inc. Class A 1.02% 27,037 $15.4M Reduce -2.0%
CTSH Cognizant Tech Solutions-A 1.02% 185,849 $15.4M Reduce -1.9%
BIDU Baidu Inc. - Spon ADR 1.02% 117,856 $15.4M Reduce -1.9%
AME Ametek Inc. 0.91% 66,604 $13.7M Reduce -2.0%
ORLY O'reilly Automotive Inc. 0.88% 146,040 $13.3M Add +89.3%
IVV iShares Core S&P 500 ETF 0.87% 19,200 $13.2M Reduce -1.7%
WSM Williams-Sonoma Inc. 0.87% 73,323 $13.1M Reduce -2.2%
EXEL Exelixis Inc. 0.84% 289,279 $12.7M Reduce -2.1%
ETSY Etsy Inc. 0.83% 225,283 $12.5M Reduce -3.1%
IWF iShares Russell 1000 Growth 0.82% 26,066 $12.3M Add +0.8%
SPYV SS SPDR P S&P 500 Value ETF 0.80% 213,397 $12.1M Reduce -1.8%
GS Goldman Sachs Group Inc. 0.78% 13,356 $11.7M Reduce -3.2%
VRTX Vertex Pharmaceuticals Inc. 0.77% 25,438 $11.5M Reduce -1.9%
WFC Wells Fargo & Co. 0.72% 116,616 $10.9M Reduce -3.3%
TWLO Twilio Inc. Class A 0.71% 75,081 $10.7M Reduce -1.6%
LNG Cheniere Energy Inc. 0.71% 54,717 $10.6M Reduce -2.3%
SPYG SS SPDR P S&P 500 Growth ETF 0.70% 98,308 $10.5M Reduce -2.8%
EOG EOG Resources Inc. 0.69% 98,339 $10.3M Add +54.8%
FHN First Horizon Corp. 0.67% 423,143 $10.1M Reduce -4.3%
MCO Moody's Corp. 0.67% 19,679 $10.1M New
BRK.B Berkshire Hathaway Inc. Class B 0.63% 18,945 $9.5M Add +3.9%
AYI Acuity Inc. 0.61% 25,733 $9.3M Reduce -3.2%
PYPL PayPal Holdings Inc. 0.61% 158,015 $9.2M Reduce -5.3%
IGSB iShares 1-5Y Inv Grade Corp. 0.61% 174,405 $9.2M Add +2.8%
CDNS Cadence Design SYS Inc. 0.60% 28,964 $9.1M Reduce -1.9%
SIEGY Siemens AG-Spons ADR 0.60% 64,192 $9.0M Reduce -3.2%
ETR Entergy Corp. 0.59% 96,528 $8.9M Reduce -3.3%
ABBV Abbvie Inc. 0.57% 37,798 $8.6M Reduce -2.8%
ANET Arista Networks Inc. 0.57% 65,524 $8.6M Reduce -33.0%
EBAY eBay Inc. 0.55% 95,973 $8.4M Reduce -3.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.54% 27,262 $8.1M Reduce -3.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.51% 180,774 $7.7M Reduce -2.5%
FTNT Fortinet Inc. 0.50% 94,455 $7.5M Reduce -31.9%
PNGAY Ping An Insurance-ADR 0.49% 444,493 $7.5M Reduce -0.4%
PG The Procter & Gamble Co. 0.49% 51,376 $7.4M Reduce -3.8%
ADSK Autodesk Inc. 0.47% 23,747 $7.0M Reduce -2.3%
QCOM Qualcomm Inc. 0.46% 40,938 $7.0M Reduce -2.6%
RS Reliance Inc. 0.46% 24,207 $7.0M Reduce -3.5%
ADBE Adobe Inc. 0.46% 19,975 $7.0M Reduce -1.8%
TIGO Millicom Intl Cellular S.A. 0.46% 124,666 $6.9M Reduce -3.0%
PNC PNC Financial Services Group 0.45% 32,803 $6.8M Reduce -1.2%
USB US Bancorp 0.45% 127,991 $6.8M Reduce -1.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.45% 9,966 $6.8M Reduce -6.8%
COST Costco Wholesale Corp. 0.44% 7,701 $6.6M Reduce -2.3%
XOM Exxon Mobil Corp. 0.43% 54,340 $6.5M Reduce -2.3%
AFL Aflac Inc. 0.43% 58,897 $6.5M Reduce -2.9%
IWD iShares Russell 1000 Value E 0.42% 30,371 $6.4M Reduce -39.4%
CHKP Check Point Software Tech 0.42% 34,081 $6.3M Reduce -3.6%
GILD Gilead Sciences Inc. 0.41% 49,853 $6.1M Reduce -0.5%
DBX Dropbox Inc. Class A 0.40% 217,336 $6.0M Reduce -1.3%
SNA Snap-on Inc. 0.40% 17,502 $6.0M Reduce -3.5%
PAGP Plains GP Holdings LP 0.40% 314,420 $6.0M Add +36.5%
CTRE Caretrust REIT Inc. 0.39% 164,064 $5.9M Reduce -4.3%
EPRT Essential Properties Realty 0.39% 199,338 $5.9M Reduce -5.3%
BNPQY BNP Paribas-ADR 0.39% 124,654 $5.9M Add +46.4%
FNB FNB Corp. 0.39% 345,478 $5.9M Reduce -4.1%
HALO Halozyme Therapeutics Inc. 0.39% 86,552 $5.8M Reduce -4.0%
TPR Tapestry Inc. 0.39% 45,468 $5.8M Reduce -5.5%
CARG Cargurus Inc. 0.38% 150,614 $5.8M Add +3.7%
VTI VG Morningstar TS MKT ETF-US 0.38% 17,188 $5.8M Add +1.1%
KO The Coca-Cola Co. 0.37% 79,902 $5.6M Reduce -0.1%
NOMD Nomad Foods Ltd. 0.37% 445,889 $5.6M Add +29.9%
NWE Northwestern Energy Group Inc. 0.37% 85,370 $5.5M Reduce -2.6%
LXP LXP Industrial Trust 0.36% 110,105 $5.5M Reduce -1.0%
BTI British American Tob-SP ADR 0.36% 94,693 $5.4M Reduce -1.4%
CMI Cummins Inc. 0.35% 10,459 $5.3M Reduce -1.0%
FITB Fifth Third Bancorp 0.35% 112,889 $5.3M Reduce -3.3%
VMI Valmont Industries 0.35% 12,977 $5.2M New
UGI Ugi Corp. 0.34% 136,203 $5.1M Reduce -3.3%
AMGN Amgen Inc. 0.34% 15,490 $5.1M Reduce -3.0%
BP BP PLC-Spons ADR 0.33% 145,044 $5.0M Reduce -2.0%
OTEX Open Text Corp. 0.33% 154,162 $5.0M Add +17.3%
GVI iShares Intermediate Governm 0.33% 46,408 $5.0M Add +0.5%
PSA Public Storage 0.33% 19,158 $5.0M Reduce -6.0%
BMY Bristol-Myers Squibb Co. 0.33% 91,145 $4.9M Add +1327.7%
FIS Fidelity National Info Serv 0.32% 73,536 $4.9M Reduce -1.1%
PR Permian Resources Corp. Class A 0.32% 347,924 $4.9M New
PHM Pultegroup Inc. 0.32% 41,259 $4.8M Reduce -3.0%
NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC 0.32% 62,512 $4.8M Add +47.6%
WPC WP Carey Inc. 0.32% 73,770 $4.7M Reduce -0.1%
NNGRY NN Group NV - Unspon ADR 0.31% 121,135 $4.7M Reduce -0.3%
SCHO Schwab Short-Term US Treas 0.31% 190,711 $4.6M Add +2.4%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.31% 15,374 $4.6M Reduce -3.5%
PEG Public Service Enterprise GP 0.31% 57,535 $4.6M Reduce -3.0%
GFF Griffon Corp. 0.30% 61,207 $4.5M Reduce -3.3%
NLY Annaly Capital Management Inc. 0.30% 199,570 $4.5M Reduce -0.8%
SLF Sun Life Financial Inc. 0.30% 71,438 $4.5M Reduce -1.1%
SHEL Shell PLC-ADR 0.29% 60,243 $4.4M Reduce -1.1%
APTV Aptiv PLC 0.29% 58,010 $4.4M Reduce -4.8%
RHHBY Roche Holdings Ltd.-Spons ADR 0.29% 84,784 $4.4M New
NJR New Jersey Resources Corp. 0.29% 94,634 $4.4M Reduce -0.7%
GTX Garrett Motion Inc. 0.29% 248,359 $4.3M Reduce -1.1%
DNKEY Danske Bank A/S - Spon ADR 0.29% 173,414 $4.3M Add +0.0%
NNN NNN REIT Inc. 0.29% 109,186 $4.3M Add +40.1%
APAM Artisan Partners Asset Ma -A 0.28% 104,939 $4.3M Reduce -1.0%
ACGL Arch Capital Group Ltd. 0.28% 44,215 $4.2M Reduce -2.8%
GLW Corning Inc. 0.28% 47,614 $4.2M Reduce -0.2%
ABEV Ambev SA-ADR 0.27% 1,670,089 $4.1M Reduce -0.3%
SLB SLB Ltd. filed as SLB LIMITED 0.27% 107,157 $4.1M Add +45.6%
KR Kroger Co. 0.27% 64,311 $4.0M Reduce -3.1%
DUK Duke Energy Corp. 0.27% 34,277 $4.0M New
MGA Magna International Inc. 0.26% 74,204 $4.0M Reduce -1.0%
PM Philip Morris International 0.26% 24,593 $3.9M Reduce -2.6%
NTAP Netapp Inc. 0.26% 36,398 $3.9M Reduce -3.4%
GTY Getty Realty Corp. 0.26% 141,628 $3.9M Add +31.2%
IGIB iShares 5-10Y Inv Grade Corp. 0.25% 70,924 $3.8M Add +2.3%
MTDR Matador Resources Co. 0.25% 88,130 $3.7M Reduce -5.1%
HON Honeywell International Inc. 0.25% 19,097 $3.7M Add +754.5%
PAYX Paychex Inc. 0.25% 33,058 $3.7M Reduce -1.4%
LEA Lear Corp. 0.24% 32,142 $3.7M Reduce -1.0%
TIMB Tim SA-ADR 0.24% 186,730 $3.6M Add +0.9%
ADP Automatic Data Processing 0.24% 13,875 $3.6M Add +662.4%
PLD Prologis Inc. 0.24% 27,889 $3.6M Add +45.7%
MDT Medtronic PLC 0.23% 35,931 $3.5M Reduce -1.2%
CFG Citizens Financial Group 0.22% 57,476 $3.4M Reduce -0.9%
POR Portland General Electric Co. 0.22% 69,619 $3.3M Reduce -0.8%
PRU Prudential Financial Inc. 0.22% 29,564 $3.3M Reduce -1.0%
CSCO Cisco Systems Inc. 0.22% 42,923 $3.3M Reduce -0.3%
TRP TC Energy Corp. 0.22% 59,964 $3.3M New
SUB iShares Short-Term National 0.22% 30,465 $3.3M Reduce -6.6%
GIC Global Industrial Co. 0.21% 107,047 $3.1M Add +34.8%
CMCSA Comcast Corp. Class A 0.21% 104,166 $3.1M Reduce -4.6%
VRTS Virtus Investment Partners 0.20% 18,506 $3.0M Reduce -5.1%
SCHR Schwab Intermediate-Term US 0.20% 120,015 $3.0M Add +4.9%
INFY Infosys Ltd.-SP ADR 0.20% 167,372 $3.0M Add +1.3%
BKH Black Hills Corp. 0.19% 41,683 $2.9M Reduce -50.6%
LADR Ladder Capital Corp.-REIT 0.19% 257,373 $2.8M Reduce -0.2%
DTE DTE Energy Company 0.19% 21,640 $2.8M New
FIX Comfort Systems USA Inc. 0.18% 2,965 $2.8M Reduce -9.8%
HMN Horace Mann Educators 0.18% 59,364 $2.7M Reduce -0.9%
LMT Lockheed Martin Corp. 0.18% 5,577 $2.7M Add +950.3%
OSPN Onespan Inc. 0.18% 207,736 $2.7M Add +40.0%
RIO Rio Tinto PLC-Spon ADR 0.18% 33,195 $2.7M Add +0.3%
EME Emcor Group Inc. 0.17% 4,298 $2.6M Reduce -8.8%
VYM Vanguard High DVD Yield ETF 0.17% 17,794 $2.6M Reduce -1.1%
RMBS Rambus Inc. 0.17% 27,432 $2.5M Reduce -4.7%
ESGV Vanguard ESG US Stock ETF 0.16% 20,283 $2.5M Add +7.8%
ITUB Itau Unibanco H-Spon PRF ADR 0.16% 330,447 $2.4M Add +2.1%
WMT Walmart Inc. 0.16% 21,080 $2.3M No change
GLPI Gaming and Leisure Propertie 0.16% 52,303 $2.3M Reduce -2.8%
QFIN Qfin Holdings Inc.-ADR 0.15% 118,969 $2.3M Add +54.8%
IJR iShares Core S&P Small-Cap E 0.13% 16,843 $2.0M Reduce -1.7%
SUPN Supernus Pharmaceuticals Inc. 0.13% 37,882 $1.9M Reduce -7.7%
GOOG Alphabet Inc. Class C 0.12% 5,811 $1.8M Reduce -5.9%
SPHD Invesco S&P 500 High Dividen 0.12% 37,810 $1.8M Add +6.6%
MLI Mueller Industries Inc. 0.12% 15,526 $1.8M Reduce -4.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 3,368 $1.6M Reduce -6.0%
SCHB Schwab US Broad Market ETF 0.10% 60,315 $1.6M Reduce -2.9%
ALSN Allison Transmission Holding 0.10% 15,871 $1.6M Reduce -11.4%
LLY Eli Lilly & Co. 0.10% 1,441 $1.5M Add +0.6%
BRK.A Berkshire Hathaway Inc. Class A 0.10% 2 $1.5M No change
SHM SS SPDR N Ice St Muni ETF 0.09% 29,442 $1.4M Reduce -7.9%
MUB iShares National Muni Bond E 0.09% 13,065 $1.4M Reduce -4.4%
HD Home Depot Inc. 0.09% 4,058 $1.4M Reduce -7.7%
VEU Vanguard Ftse All-World Ex-U 0.09% 17,783 $1.3M Add +2.3%
ADEA Adeia Inc. 0.09% 75,369 $1.3M Reduce -9.7%
MGY Magnolia Oil & Gas Corp. Class A 0.09% 58,956 $1.3M Add +50.3%
UMBF Umb Financial Corp. 0.08% 10,410 $1.2M Add +5.0%
QQQ Invesco QQQ Trust Series 1 0.08% 1,941 $1.2M Add +1.0%
FTDR Frontdoor Inc. 0.08% 19,950 $1.2M Reduce -8.3%
IWB iShares Russell 1000 ETF 0.07% 2,824 $1.1M No change
RSP Invesco S&P 500 Equal Weight 0.07% 5,428 $1.0M Add +223.7%
AXS Axis Capital Holdings Ltd. 0.07% 9,641 $1.0M Reduce -13.4%
AGX Argan Inc. 0.07% 3,252 $1.0M Reduce -10.1%
FHI Federated Hermes Inc. 0.06% 18,645 $971K Reduce -9.3%
VB Vanguard Most SM-Cap ETF-Usd 0.06% 3,741 $965K Add +0.0%
GDDY GoDaddy Inc. Class A 0.06% 7,706 $956K Reduce -6.4%
PEP Pepsico Inc. 0.06% 6,621 $950K No change
UNH Unitedhealth Group Inc. 0.06% 2,711 $895K Reduce -3.6%
AXON Axon Enterprise Inc. 0.05% 1,410 $801K No change
GLD SPDR Gold Shares 0.05% 2,020 $801K Reduce -0.5%
TMO Thermo Fisher Scientific Inc. 0.05% 1,379 $799K Reduce -2.2%
CNM Core & Main Inc. Class A 0.05% 15,339 $797K Reduce -12.3%
ARKB ARK 21SHARES Bitcoin ETF 0.05% 27,351 $794K No change
CBSH Commerce Bancshares Inc. 0.05% 15,065 $789K Reduce -61.4%
SCHP Schwab U.S. Tips ETF 0.05% 29,002 $768K Reduce -13.5%
IYW iShares Ustechnology ETF 0.05% 3,757 $750K No change
SCHG Schwab US Large-Cap Growth 0.05% 22,753 $742K Add +15.9%
ORCL Oracle Corp. 0.05% 3,791 $739K Add +0.0%
CPRX Catalyst Pharmaceuticals Inc. 0.05% 31,260 $730K Reduce -4.5%
CORT Corcept Therapeutics Inc. 0.05% 20,902 $727K Reduce -10.7%
VCEB Vanguard ESG US Corp. Bond 0.05% 11,338 $721K No change
COR Cencora Inc. 0.05% 2,134 $721K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.05% 1,460 $702K No change
VOYA Voya Financial Inc. 0.05% 9,398 $700K Reduce -4.7%
CLBT Cellebrite Di Ltd. 0.05% 38,060 $686K Reduce -10.8%
VXUS Vanguard Total Intl Stock 0.04% 8,735 $659K Reduce -7.5%
CVX Chevron Corp. 0.04% 4,288 $654K Reduce -4.3%
BN Brookfield Corp. 0.04% 13,780 $632K Reduce -13.5%
IAU iShares Gold Trust 0.04% 7,760 $630K No change
ABT Abbott Laboratories 0.04% 4,950 $620K Add +0.1%
SYK Stryker Corp. 0.04% 1,740 $612K No change
SLV iShares Silver Trust 0.04% 9,470 $610K Reduce -79.1%
BAESY Bae Systems PLC -Spon ADR 0.04% 6,400 $594K Reduce -0.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 3,092 $591K Add +0.2%
AIT Applied Industrial Tech Inc. 0.04% 2,252 $578K Reduce -18.1%
ACIW Aci Worldwide Inc. 0.04% 12,010 $574K Reduce -8.6%
VDC Vanguard Consumer Staple ETF 0.04% 2,683 $567K Add +2.0%
SPGI S&P Global Inc. 0.04% 1,067 $558K Add +24.8%
VOO Vanguard S&P 500 ETF 0.04% 862 $541K Reduce -3.6%
PRI Primerica Inc. 0.03% 2,005 $518K Reduce -8.9%
IDV iShares International Select 0.03% 12,923 $510K Add +4.6%
MCK McKesson Corp. 0.03% 614 $504K Reduce -4.4%
PATK Patrick Industries Inc. 0.03% 4,644 $504K Reduce -4.2%
HURN Huron Consulting Group Inc. 0.03% 2,896 $501K Reduce -4.5%
PBH Prestige Consumer Healthcare 0.03% 8,083 $499K Reduce -9.9%
T AT&T Inc. 0.03% 19,891 $494K Reduce -91.0%
CEG Constellation Energy 0.03% 1,373 $485K Add +3.2%
MTCH Match Group Inc. 0.03% 14,730 $476K Reduce -4.4%
CNO Cno Financial Group Inc. 0.03% 11,091 $471K Reduce -18.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.03% 10,516 $467K Reduce -1.3%
RNG Ringcentral Inc. Class A 0.03% 16,133 $466K Reduce -4.4%
MCD McDonald's Corp. 0.03% 1,518 $464K Reduce -6.3%
ZION Zions Bancorp NA 0.03% 7,893 $462K Reduce -17.9%
SDY SS SPDR S&P Dividend ETF 0.03% 3,310 $461K Reduce -1.5%
AGQ Proshares Ultra Silver 0.03% 2,950 $458K Reduce -7.9%
CAT Caterpillar Inc. 0.03% 792 $454K No change
NEE Nextera Energy Inc. 0.03% 5,449 $437K Reduce -0.6%
GD General Dynamics Corp. 0.03% 1,299 $437K No change
KTB Kontoor Brands Inc. 0.03% 7,121 $435K Reduce -12.8%
IDXX Idexx Laboratories Inc. 0.03% 635 $430K No change
GIL Gildan Activewear Inc. 0.03% 6,642 $415K Add +1.9%
MTG Mgic Investment Corp. 0.03% 14,173 $414K Reduce -18.1%
BOKF Bok Financial Corporation 0.03% 3,444 $408K Reduce -17.9%
CALC Calcimedica Inc. 0.03% 61,539 $406K No change
SKT Tanger Inc. 0.03% 12,050 $402K Add +15.6%
IWM iShares Russell 2000 ETF 0.03% 1,630 $401K Add +0.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.03% 1,374 $399K Add +0.4%
VSGX Vanguard ESG Intl Stock ETF 0.03% 5,562 $398K Add +8.8%
TMHC Taylor Morrison Home Corp. 0.03% 6,750 $397K Reduce -18.1%
WF Woori Financial-Spon ADR 0.03% 6,651 $391K Reduce -92.9%
WAL Western Alliance Bancorp 0.03% 4,622 $389K Reduce -18.1%
NI Nisource Inc. 0.03% 9,151 $382K Reduce -7.8%
ELV Elevance Health Inc. 0.03% 1,090 $382K Reduce -6.6%
WEC WEC Energy Group Inc. 0.03% 3,573 $377K Reduce -3.0%
UTHR United Therapeutics Corp. 0.02% 769 $375K Reduce -18.3%
ESTC Elastic NV 0.02% 4,931 $372K Reduce -11.7%
ASB Associated Banc-Corp. 0.02% 14,372 $370K Reduce -17.8%
CRM Salesforce Inc. 0.02% 1,396 $370K Reduce -19.9%
CME Cme Group Inc. 0.02% 1,300 $355K No change
ATEN A10 Networks Inc. 0.02% 19,977 $353K Reduce -18.0%
OGE Oge Energy Corp. 0.02% 8,160 $348K Reduce -17.9%
CMC Commercial Metals Co. 0.02% 4,975 $344K Reduce -18.1%
COKE Coca-Cola Consolidated Inc. 0.02% 2,226 $341K Reduce -17.7%
FDIQ Inv BLB Fin Data PRV ETF-Usi 0.02% 5,441 $336K Reduce -18.0%
AXP American Express Co. 0.02% 909 $336K No change
IWV iShares Russell 3000 ETF 0.02% 811 $314K Reduce -0.9%
EVRG Evergy Inc. 0.02% 4,321 $313K Reduce -89.5%
KLIC Kulicke & Soffa Industries 0.02% 6,875 $313K Reduce -17.8%
IJH iShares Core S&P Midcap ETF 0.02% 4,741 $313K Reduce -6.1%
V Visa Inc. Class A 0.02% 887 $311K Reduce -5.2%
AEP American Electric Power 0.02% 2,656 $306K Reduce -8.3%
SLM SLM Corp. 0.02% 11,020 $298K Reduce -4.6%
SF Stifel Financial Corp. 0.02% 2,379 $298K Reduce -53.7%
GWW WW Grainger Inc. 0.02% 293 $296K Reduce -1.4%
MTLS Materialise NV-ADR 0.02% 53,268 $296K Reduce -4.1%
VZ Verizon Communications Inc. 0.02% 7,190 $293K Reduce -90.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,560 $291K Add +1.9%
FISV Fiserv Inc. 0.02% 4,333 $291K Reduce -34.8%
MET Metlife Inc. 0.02% 3,647 $288K No change
VLTO Veralto Corp. 0.02% 2,828 $282K Reduce -1.1%
RYDEX ETF TRUST filed as GUGGENHEIM S&P 500 PURE GROWTH 0.02% 6,000 $280K No change
BA The Boeing Co. 0.02% 1,255 $272K No change
MO Altria Group Inc. 0.02% 4,726 $272K Add +1.1%
AMAT Applied Materials Inc. 0.02% 1,028 $264K Reduce -20.6%
SCHD Schwab US DVD Equity ETF 0.02% 9,498 $261K New
ZBRA Zebra Technologies Corp. Class A 0.02% 1,060 $257K Reduce -3.0%
CRUS Cirrus Logic Inc. 0.02% 2,137 $253K Reduce -17.8%
INTC Intel Corp. 0.02% 6,805 $251K No change
YELP Yelp Inc. 0.02% 8,247 $251K Reduce -22.7%
EIX Edison International 0.02% 4,164 $250K Reduce -3.6%
ASO Academy Sports & Outdoors Inc. 0.02% 4,994 $250K Reduce -20.6%
NSRGY Nestle SA-Spons ADR 0.02% 2,520 $249K Reduce -2.6%
BNL Broadstone Net Lease Inc. 0.02% 14,298 $248K Reduce -16.9%
PBI Pitney Bowes Inc. 0.02% 23,343 $247K Reduce -15.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.02% 2,119 $246K No change
LRCX Lam Research Corp. 0.02% 1,410 $241K New
ORI Old Republic Intl Corp. 0.02% 5,239 $239K No change
WPP WPP PLC-Sponsored ADR 0.02% 10,615 $238K Reduce -14.8%
CRBG Corebridge Financial Inc. 0.02% 7,634 $230K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 4,178 $230K Reduce -1.8%
IWN iShares Russell 2000 Value E 0.01% 1,235 $224K Reduce -55.1%
LOW Lowe's Cos Inc. 0.01% 913 $220K Reduce -94.5%
EFSC Enterprise Financial Service 0.01% 4,070 $220K No change
VIG Vanguard Dividend Apprec ETF 0.01% 988 $217K No change
SGOL Abrdn Physical Gold Shares 0.01% 5,280 $217K New
EMR Emerson Electric Co. 0.01% 1,615 $214K No change
MRK Merck & Co. Inc. 0.01% 2,003 $211K New
CTRA Coterra Energy Inc. 0.01% 7,961 $210K New
EIG Employers Holdings Inc. 0.01% 4,834 $209K Reduce -20.4%
UFPI Ufp Industries Inc. 0.01% 2,289 $208K Reduce -20.7%
MDY State Street SPDR S&P Midcap 0.01% 345 $208K Reduce -0.3%
CASH Pathward Financial Inc. 0.01% 2,930 $208K Reduce -25.5%
CBZ Cbiz Inc. 0.01% 4,110 $207K No change
IQDF NT Intl Qual Div ETF 0.01% 6,750 $205K New
STLD Steel Dynamics Inc. 0.01% 1,206 $204K New
EFA iShares MSCI Eafe ETF 0.01% 2,126 $204K New
TSLA Tesla Inc. 0.01% 453 $204K Reduce -6.2%
RTX RTX Corp. 0.01% 1,101 $202K New
HGRAF Hydrograph Clean Power Inc. 0.01% 80,050 $152K No change
SGMOQ Sangamo Therapeutics Inc. 0.01% 227,000 $95K Add +28.3%
VS TRUST 0.01% 14,192 $81K New
ICLTF Greenfirst Forest Products I 0.00% 15,000 $19K New
CSBF Consolidated Biofuels Inc. 0.00% 32,500 $0 Add +225.0%
CFNTS Contifinancial Corp. Liquidat 0.00% 46,800 $0 No change
EPEO E'prime Aerospace Corp. 0.00% 19,000 $0 No change
MYFT Myfreightworld Technologies 0.00% 187,875 $0 No change

Portfolio Sells Q3 2025 → Q4 2025

EEFT Euronet Worldwide Inc. Sold out 0.00% −0.73
MSFT Microsoft Corp. Reduce -1.9% 4.54% −0.43
T AT&T Inc. Reduce -91.0% 0.03% −0.38
ANET Arista Networks Inc. Reduce -33.0% 0.57% −0.38
BABA Alibaba Group Holding-SP ADR Reduce -2.7% 1.28% −0.33
WF Woori Financial-Spon ADR Reduce -92.9% 0.03% −0.33
EMN Eastman Chemical Co. Sold out 0.00% −0.32
FTNT Fortinet Inc. Reduce -31.9% 0.50% −0.28
LOW Lowe's Cos Inc. Reduce -94.5% 0.01% −0.26
IWD iShares Russell 1000 Value E Reduce -39.4% 0.42% −0.26
EG Everest Group Ltd. Sold out 0.00% −0.25
KMB Kimberly-Clark Corp. Sold out 0.00% −0.25
SU Suncor Energy Inc. Sold out 0.00% −0.25
OMC Omnicom Group Sold out 0.00% −0.24
SR Spire Inc. Sold out 0.00% −0.22
VZ Verizon Communications Inc. Reduce -90.9% 0.02% −0.21
ETSY Etsy Inc. Reduce -3.1% 0.83% −0.20
EVRG Evergy Inc. Reduce -89.5% 0.02% −0.19
LNG Cheniere Energy Inc. Reduce -2.3% 0.71% −0.17
BKH Black Hills Corp. Reduce -50.6% 0.19% −0.15
HTO H2O America Sold out 0.00% −0.15
META Meta Platforms Inc. Class A Reduce -1.7% 1.04% −0.14
PYPL PayPal Holdings Inc. Reduce -5.3% 0.61% −0.13
WSM Williams-Sonoma Inc. Reduce -2.2% 0.87% −0.11
CBSH Commerce Bancshares Inc. Reduce -61.4% 0.05% −0.10
CDNS Cadence Design SYS Inc. Reduce -1.9% 0.60% −0.09
SLV iShares Silver Trust Reduce -79.1% 0.04% −0.09
NVDA Nvidia Corp. Reduce -1.9% 3.64% −0.08
CORT Corcept Therapeutics Inc. Reduce -10.7% 0.05% −0.08
CHKP Check Point Software Tech Reduce -3.6% 0.42% −0.07
PSA Public Storage Reduce -6.0% 0.33% −0.06
PG The Procter & Gamble Co. Reduce -3.8% 0.49% −0.06
APTV Aptiv PLC Reduce -4.8% 0.29% −0.06
HALO Halozyme Therapeutics Inc. Reduce -4.0% 0.39% −0.05
PHM Pultegroup Inc. Reduce -3.0% 0.32% −0.05
ADSK Autodesk Inc. Reduce -2.3% 0.47% −0.05
VRTS Virtus Investment Partners Reduce -5.1% 0.20% −0.05
EBAY eBay Inc. Reduce -3.3% 0.55% −0.05
COST Costco Wholesale Corp. Reduce -2.3% 0.44% −0.05
DBX Dropbox Inc. Class A Reduce -1.3% 0.40% −0.04
REZI Resideo Technologies Inc. Sold out 0.00% −0.04
NTAP Netapp Inc. Reduce -3.4% 0.26% −0.04
BKNG Booking Holdings Inc. Reduce -2.0% 1.18% −0.04
FISV Fiserv Inc. Reduce -34.8% 0.02% −0.04
PAYX Paychex Inc. Reduce -1.4% 0.25% −0.04
BIDU Baidu Inc. - Spon ADR Reduce -1.9% 1.02% −0.03
RMBS Rambus Inc. Reduce -4.7% 0.17% −0.03
KR Kroger Co. Reduce -3.1% 0.27% −0.03
MTDR Matador Resources Co. Reduce -5.1% 0.25% −0.03
EME Emcor Group Inc. Reduce -8.8% 0.17% −0.03

Portfolio Buys Q3 2025 → Q4 2025

MCO Moody's Corp. New 0.67% +0.67
VMI Valmont Industries New 0.35% +0.35
ORLY O'reilly Automotive Inc. Add +89.3% 0.88% +0.33
PR Permian Resources Corp. Class A New 0.32% +0.32
BMY Bristol-Myers Squibb Co. Add +1327.7% 0.33% +0.31
RHHBY Roche Holdings Ltd.-Spons ADR New 0.29% +0.29
DUK Duke Energy Corp. New 0.27% +0.27
TRP TC Energy Corp. New 0.22% +0.22
HON Honeywell International Inc. Add +754.5% 0.25% +0.22
EOG EOG Resources Inc. Add +54.8% 0.69% +0.21
ADP Automatic Data Processing Add +662.4% 0.24% +0.20
DTE DTE Energy Company New 0.19% +0.19
LMT Lockheed Martin Corp. Add +950.3% 0.18% +0.16
BNPQY BNP Paribas-ADR Add +46.4% 0.39% +0.13
PAGP Plains GP Holdings LP Add +36.5% 0.40% +0.12
SLB SLB Ltd. Add +45.6% 0.27% +0.10
NHI Natl Health Investors Inc. Add +47.6% 0.32% +0.09
PLD Prologis Inc. Add +45.7% 0.24% +0.09
NOMD Nomad Foods Ltd. Add +29.9% 0.37% +0.07
NNN NNN REIT Inc. Add +40.1% 0.29% +0.07
GTY Getty Realty Corp. Add +31.2% 0.26% +0.06
RSP Invesco S&P 500 Equal Weight Add +223.7% 0.07% +0.05
DNKEY Danske Bank A/S - Spon ADR Add +0.0% 0.29% +0.04
RIO Rio Tinto PLC-Spon ADR Add +0.3% 0.18% +0.03
LLY Eli Lilly & Co. Add +0.6% 0.10% +0.03
CARG Cargurus Inc. Add +3.7% 0.38% +0.02
MGY Magnolia Oil & Gas Corp. Class A Add +50.3% 0.09% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +3.9% 0.63% +0.02
OSPN Onespan Inc. Add +40.0% 0.18% +0.02
INFY Infosys Ltd.-SP ADR Add +1.3% 0.20% +0.02
SCHD Schwab US DVD Equity ETF New 0.02% +0.02
LRCX Lam Research Corp. New 0.02% +0.02
ESGV Vanguard ESG US Stock ETF Add +7.8% 0.16% +0.01
SGOL Abrdn Physical Gold Shares New 0.01% +0.01
MRK Merck & Co. Inc. New 0.01% +0.01
CTRA Coterra Energy Inc. New 0.01% +0.01
IQDF NT Intl Qual Div ETF New 0.01% +0.01
GIC Global Industrial Co. Add +34.8% 0.21% +0.01
STLD Steel Dynamics Inc. New 0.01% +0.01
EFA iShares MSCI Eafe ETF New 0.01% +0.01
RTX RTX Corp. New 0.01% +0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +2.8% 0.61% +0.01
IWF iShares Russell 1000 Growth Add +0.8% 0.82% +0.01
VTI VG Morningstar TS MKT ETF-US Add +1.1% 0.38% +0.01
SPGI S&P Global Inc. Add +24.8% 0.04% +0.01
SCHR Schwab Intermediate-Term US Add +4.9% 0.20% +0.01
SCHG Schwab US Large-Cap Growth Add +15.9% 0.05% +0.01
OTEX Open Text Corp. Add +17.3% 0.33% +0.01
SCHO Schwab Short-Term US Treas Add +2.4% 0.31% +0.01
VS TRUST New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 322$1.5BAAPL, GOOGL, MSFT, AVGO, NVDA
Q3 2025 328$1.5BAAPL, MSFT, GOOGL, AVGO, NVDA
Q2 2025 326$1.6BMSFT, AAPL, AVGO, GOOGL, NVDA
Q1 2025 321$1.5BAAPL, MSFT, GOOGL, AVGO, NVDA
Q4 2024 328$1.6BAAPL, MSFT, GOOGL, AVGO, NVDA
Q3 2024 336$1.6BAAPL, MSFT, GOOGL, AVGO, AMZN
Q2 2024 334$1.6BAAPL, MSFT, GOOGL, AVGO, AMZN
Q1 2024 343$1.6BAAPL, MSFT, GOOGL, AVGO, AMZN