13F-HR 1 dec2012.txt DECEMBER 2012 FILING FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2012 Check here if Amendment ? ?; Amendment Number: This Amendment (Check only one.): ? ? is a restatement. ? ? adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Meritage Portfolio Management Address:7500 College Boulevard Suite 1212 Overland Park, KS 66210 13F File Number: 28-3019 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: David R. Phillips Title: Director of Operations Phone: 913-345-7057 Signature, Place, and Date of Signing: David R. Phillips Overland Park, KS February 7, 2013 Report Type (Check only one.): ? X ? 13F HOLDINGS REPORT. ? ? 13F NOTICE. ? ? 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COMMON 88579Y101 4008 43170.000 SH Sole 43170.000 AARONS INC COMMON 002535300 3681 130145.000 SH Sole 130145.000 ACE LIMITED COMMON H0023R105 3804 47674.000 SH Sole 47674.000 ADOBE SYSTEMS COMMON 00724F101 5010 132950.000 SH Sole 132950.000 AETNA INC COMMON 00817Y108 3020 65222.000 SH Sole 65222.000 AFLAC INC COMMON 001055102 4131 77765.000 SH Sole 77765.000 ALLSTATE CORP COMMON 020002101 2135 53159.000 SH Sole 53159.000 ALTRIA GROUP INC COMMON 02209S103 2446 77802.402 SH Sole 77802.402 AMERICAN ELECTRIC POWER COMMON 025537101 6695 156873.000 SH Sole 156873.000 AMETEK INC COMMON 031100100 3347 89077.000 SH Sole 89077.000 AMGEN COMMON 031162100 569 6600.000 SH Sole 6600.000 APACHE CORP 08/01/13 6.0% CONV COMMON 037411808 2119 46365.000 SH Sole 46365.000 APPLE COMPUTER INC COM COMMON 037833100 8630 16217.000 SH Sole 16217.000 4 8.000 SH Other 8.000 ARES CAPITAL CORPORATION COMMON 04010L103 1932 110420.000 SH Sole 110420.000 ASTRAZENECA PLC SPONSORED ADR COMMON 046353108 2616 55341.000 SH Sole 55341.000 AT & T INC COMMON 00206R102 2007 59523.000 SH Sole 59523.000 AVAGO TECHNOLOGIES LTD COMMON Y0486S104 1986 62735.000 SH Sole 62735.000 B P PLC-SPON ADR COMMON 055622104 2751 66069.000 SH Sole 66069.000 BANK OF MONTREAL COMMON 063671101 1391 22695.000 SH Sole 22695.000 BAYER AG ADS COMMON 072730302 6233 64982.000 SH Sole 64982.000 BCE INC COM COMMON 05534B760 3115 72537.000 SH Sole 72537.000 BED BATH & BEYOND COMMON 075896100 3520 62965.000 SH Sole 62965.000 BERKSHIRE HATHAWAY INC CL B COMMON 084670702 242 2695.000 SH Sole 2695.000 4 50.000 SH Other 50.000 BLOCK H & R INC COMMON 093671105 3163 170310.000 SH Sole 170310.000 BMC SOFTWARE INC COM COMMON 055921100 2625 66264.000 SH Sole 66264.000 BOEING CO COM COMMON 097023105 716 9500.000 SH Sole 9500.000 BRISTOL-MYERS SQUIBB COMMON 110122108 5946 182452.000 SH Sole 182452.000 BROADCOM CORP CL A COMMON 111320107 3825 115170.000 SH Sole 115170.000 2 75.000 SH Other 75.000 CALUMET SPECIALTY PRODUCTS PAR COMMON 131476103 1948 64090.000 SH Sole 64090.000 CELGENE CORP COMMON 151020104 3232 41192.000 SH Sole 41192.000 3 40.000 SH Other 40.000 CENTURYLINK COMMON 156700106 2252 57565.000 SH Sole 57565.000 CERNER CORP COMMON 156782104 253 3260.000 SH Sole 3260.000 CHECK POINT SOFTWARE TECH COMMON M22465104 3086 64770.000 SH Sole 64770.000 CHEVRON CORP COMMON 166764100 7017 64889.609 SH Sole 64889.609 CHICAGO BRIDGE & IRON COMPANY COMMON 167250109 4212 90865.000 SH Sole 90865.000 3 75.000 SH Other 75.000 CHINA MOBILE LTD ADS COMMON 16941M109 3357 57167.000 SH Sole 57167.000 CIGNA CORP COM COMMON 125509109 4781 89435.000 SH Sole 89435.000 CISCO SYSTEMS INC COMMON 17275R102 4032 205191.000 SH Sole 205191.000 COCA COLA CO COMMON 191216100 3949 108951.000 SH Sole 108951.000 COLGATE-PALMOLIVE COMMON 194162103 4648 44465.000 SH Sole 44465.000 COMPANHIA ENERGETICA DE MINAS COMMON 204409601 2448 225385.000 SH Sole 225385.000 CONOCOPHILLIPS COMMON 20825C104 4118 71020.000 SH Sole 71020.000 COPART INC COM COMMON 217204106 3001 101740.000 SH Sole 101740.000 CVS/CAREMARK CORP COMMON 126650100 4787 99000.000 SH Sole 99000.000 DANAHER CORP COMMON 235851102 4779 85498.000 SH Sole 85498.000 DEUTSCHE TELEKOM AG COMMON 251566105 4132 363660.000 SH Sole 363660.000 DIRECTV COMMON 25490A309 2912 58062.000 SH Sole 58062.000 DISCOVER FINL SVCS COMMON 254709108 4472 116009.000 SH Sole 116009.000 DOVER CORP COMMON 260003108 4556 69335.000 SH Sole 69335.000 DUPONT (EI) DE NEMOURS COMMON 263534109 337 7500.000 SH Sole 7500.000 E M C CORP MASS COM COMMON 268648102 2439 96384.000 SH Sole 96384.000 3 110.000 SH Other 110.000 ENI SPA COMMON 26874R108 3155 64214.000 SH Sole 64214.000 ENTERGY CORP COMMON 29364G103 2490 39065.000 SH Sole 39065.000 ENTERPRISE PRODS PARTNERS L.P. COMMON 293792107 2782 55542.000 SH Sole 55542.000 EQUIFAX INC COMMON 294429105 3154 58285.000 SH Sole 58285.000 EXELIS INC COMMON 30162A108 1456 129205.000 SH Sole 129205.000 EXPEDIA INC COMMON 30212P303 5024 81770.000 SH Sole 81770.000 EXXON MOBIL CORP COMMON 30231G102 10173 117544.689 SH Sole 117544.689 F5 NETWORKS, INC. COMMON 315616102 2023 20819.000 SH Sole 20819.000 FINANCIAL SELECT SECTOR SPDR COMMON 81369Y605 7995 487810.000 SH Sole 487810.000 FISERV INC COMMON 337738108 3072 38875.000 SH Sole 38875.000 FLY LEASING LTD-ADR COMMON 34407D109 1671 135601.000 SH Sole 135601.000 FORD MOTOR COMMON 345370860 194 15000.000 SH Sole 15000.000 3 215.000 SH Other 215.000 GAMESTOP CORP COMMON 36467W109 1709 68120.000 SH Sole 68120.000 GANNETT INC COM COMMON 364730101 3517 195270.000 SH Sole 195270.000 GARMIN LTD COMMON H2906T109 2898 71105.000 SH Sole 71105.000 GENERAL DYNAMICS CORP COMMON 369550108 3146 45416.000 SH Sole 45416.000 GENERAL ELECTRIC COMMON 369604103 395 18800.000 SH Sole 18800.000 GILEAD SCIENCES INC COMMON 375558103 3203 43604.000 SH Sole 43604.000 GLAXOSMITHKLINE PLC SPONSORED COMMON 37733W105 2290 52687.000 SH Sole 52687.000 GOOGLE INC CL A COMMON 38259P508 6572 9291.000 SH Sole 9291.000 6 8.000 SH Other 8.000 HERCULES TECHNOLOGY GROWTH CAP COMMON 427096508 2770 248865.000 SH Sole 248865.000 HILLENBRAND INC COMMON 431571108 1679 74270.000 SH Sole 74270.000 HOME DEPOT COMMON 437076102 327 5285.000 SH Sole 5285.000 HUBBELL INC. - CL B COMMON 443510201 3701 43733.000 SH Sole 43733.000 IMPERIAL TOBACCO GROUP ADR COMMON 453142101 4024 51925.000 SH Sole 51925.000 INERGY LP COMMON 456615103 2592 142520.000 SH Sole 142520.000 INGREDION INC COMMON 457187102 3879 60199.000 SH Sole 60199.000 INTEL COMMON 458140100 660 32000.000 SH Sole 32000.000 INTERCONTINENTAL EXCHANGE INC COMMON 45865V100 2678 21627.000 SH Sole 21627.000 INTL BUS MACH COMMON 459200101 8287 43262.068 SH Sole 43262.068 INTUIT COM COMMON 461202103 2954 49665.000 SH Sole 49665.000 JACK HENRY & ASSOC INC COMMON 426281101 2925 74502.000 SH Sole 74502.000 JOHNSON & JOHNSON COMMON 478160104 240 3419.000 SH Sole 3419.000 JPMORGAN ALERIAN MLP INDEX ETN COMMON 46625H365 296 7695.000 SH Sole 7695.000 KEYCORP COMMON 493267108 3291 390905.000 SH Sole 390905.000 KIMBERLY CLARK CORP COM COMMON 494368103 2951 34952.000 SH Sole 34952.000 LIBERTY PROPERTY TRUST COMMON 531172104 1733 48430.000 SH Sole 48430.000 LILLY (ELI) COMMON 532457108 8045 163117.501 SH Sole 163117.501 LINCOLN ELECTRIC HOLDINGS, INC COMMON 533900106 3000 61620.000 SH Sole 61620.000 LOCKHEED MARTIN CORP COM COMMON 539830109 2940 31860.000 SH Sole 31860.000 LUKOIL HOLDINGS SPONSORED ADR COMMON 677862104 4061 60160.000 SH Sole 60160.000 LVMH MOET HENNESSY LOUIS VUITT COMMON 502441306 3118 82740.000 SH Sole 82740.000 MACK-CALI REALTY CORP COMMON 554489104 1743 66770.000 SH Sole 66770.000 MASTERCARD INC COMMON 57636Q104 4398 8953.000 SH Sole 8953.000 MCDONALDS COMMON 580135101 300 3400.000 SH Sole 3400.000 MCKESSON CORP COMMON 58155Q103 9902 102124.000 SH Sole 102124.000 MEDTRONIC INC COMMON 585055106 2151 52445.000 SH Sole 52445.000 MERCK & CO INC COMMON 58933Y105 4219 103057.000 SH Sole 103057.000 METLIFE INC COMMON 59156R108 4854 147363.000 SH Sole 147363.000 MICROSOFT CORP COMMON 594918104 8553 320232.000 SH Sole 320232.000 NATIONAL AUSTRALIA BK SPONSORE COMMON 632525408 2592 98345.000 SH Sole 98345.000 NATIONAL GRID PLC (ADR) COMMON 636274300 2152 37460.000 SH Sole 37460.000 NCR CORP NEW COM COMMON 62886E108 3046 119550.000 SH Sole 119550.000 NETSCOUT SYSTEMS INC COMMON 64115T104 2649 101920.000 SH Sole 101920.000 NORDSON CORP COMMON 655663102 2541 40250.000 SH Sole 40250.000 NORTHROP GRUMMAN COMMON 666807102 3957 58555.000 SH Sole 58555.000 NOVARTIS A G SPONSORED ADR COMMON 66987V109 2313 36543.000 SH Sole 36543.000 NOVO-NORDISK A S ADR COMMON 670100205 5981 36643.000 SH Sole 36643.000 NU SKIN ENTERPRISES COMMON 67018T105 2632 71044.000 SH Sole 71044.000 ONEOK PARTNERS L.P. COMMON 68268N103 1949 36105.000 SH Sole 36105.000 ORACLE CORP COMMON 68389X105 4716 141545.000 SH Sole 141545.000 PDL BIOPHARMA INC. COMMON 69329Y104 1443 205035.000 SH Sole 205035.000 PEPSICO COMMON 713448108 358 5228.000 SH Sole 5228.000 PETSMART INC COMMON 716768106 2635 38555.000 SH Sole 38555.000 PFIZER INC COMMON 717081103 8065 321580.000 SH Sole 321580.000 PIONEER NAT RES CO COM COMMON 723787107 394 3695.000 SH Sole 3695.000 PIONEER SOUTHWEST ENERGY PARTN COMMON 72388B106 1318 58075.000 SH Sole 58075.000 PLAINS ALL AMERICAN PIPELINE L COMMON 726503105 2581 57056.000 SH Sole 57056.000 POLARIS INDUSTRIES INC COMMON 731068102 3355 39865.000 SH Sole 39865.000 PPL CORP 9.5% 07/01/13 CNV PFD COMMON 69351T601 2160 41295.000 SH Sole 41295.000 PROSPECT CAPITAL CORP COMMON 74348T102 1922 176825.000 SH Sole 176825.000 PRUDENTIAL FINANCIAL INC COMMON 744320102 3816 71557.000 SH Sole 71557.000 PUBLIC SERVICE ENTERPRISE GRP COMMON 744573106 2342 76537.000 SH Sole 76537.000 QUAD/GRAPHICS, INC. COMMON 747301109 1856 91010.000 SH Sole 91010.000 QUALCOMM COMMON 747525103 2366 38240.000 SH Sole 38240.000 REINSURANCE GROUP OF AMERICA I COMMON 759351604 3692 68975.000 SH Sole 68975.000 REYNOLDS AMERICAN INC COMMON 761713106 2353 56787.000 SH Sole 56787.000 ROSS STORES INC COMMON 778296103 1814 33530.000 SH Sole 33530.000 ROYAL DUTCH SHELL PLC-ADR A COMMON 780259206 3562 51662.719 SH Sole 51662.719 RR DONNELLEY & SONS COMMON 257867101 1900 211310.000 SH Sole 211310.000 SAUER-DANFOSS INC COM COMMON 804137107 2757 51655.000 SH Sole 51655.000 SCHLUMBERGER LTD COMMON 806857108 970 13993.000 SH Sole 13993.000 SCRIPPS NETWORKS INTERACTIVE, COMMON 811065101 2703 46670.000 SH Sole 46670.000 SEABOARD CORP COMMON 811543107 6421 2538.000 SH Sole 2538.000 SHIRE PLC ADR COMMON 82481R106 2434 26403.000 SH Sole 26403.000 SK TELECOM LTD SPONSORED ADR COMMON 78440P108 2488 157140.000 SH Sole 157140.000 SKYWORKS SOLUTIONS, INC. COMMON 83088M102 3034 149475.000 SH Sole 149475.000 STMICROELECTRONICS N V NY REGI COMMON 861012102 1777 245375.000 SH Sole 245375.000 SUNCOR ENERGY INC COM COMMON 867224107 2951 89467.000 SH Sole 89467.000 SYMANTEC CORP COMMON 871503108 4769 253421.000 SH Sole 253421.000 SYNOPSYS COMMON 871607107 4137 129952.000 SH Sole 129952.000 TARGA RESOURCES PARTNERS LP COMMON 87611X105 2789 74615.000 SH Sole 74615.000 TELECOM CP NEW ZEALAND SPONSOR COMMON 879278208 2012 217320.000 SH Sole 217320.000 TELEFONICA BRASIL SA ADR COMMON 87936R106 2957 122905.000 SH Sole 122905.000 TELSTRA CORP ADR COMMON 87969N204 2023 88920.000 SH Sole 88920.000 TERADATA CORPORATION COMMON 88076w103 1926 31120.000 SH Sole 31120.000 TEVA PHARMACEUTICAL ADS COMMON 881624209 2919 78175.000 SH Sole 78175.000 THERMO FISHER SCIENTIFIC INC COMMON 883556102 2680 42013.000 SH Sole 42013.000 THORATEC CORPORATION COMMON 885175307 2190 58365.000 SH Sole 58365.000 TJX COMPANIES COMMON 872540109 6135 144528.000 SH Sole 144528.000 TORCHMARK CORP COM COMMON 891027104 4459 86298.000 SH Sole 86298.000 UMB FINL CORP COMMON 902788108 1615 36844.000 SH Sole 36844.000 UNION PACIFIC COMMON 907818108 3364 26759.000 SH Sole 26759.000 UNITED THERAPEUTIC DEL COM COMMON 91307C102 2781 52062.000 SH Sole 52062.000 UNITEDHEALTH GROUP INC COMMON 91324P102 2970 54763.000 SH Sole 54763.000 UNIVERSAL CORP COMMON 913456109 2075 41570.000 SH Sole 41570.000 UNIVEST CORPORATION OF PENNSYL COMMON 915271100 1449 84730.000 SH Sole 84730.000 US BANCORP COMMON 902973304 541 16927.000 SH Sole 16927.000 VANGUARD FINANCIAL ETF COMMON 92204A405 4767 139800.000 SH Sole 139800.000 VANGUARD NATURAL RESOURCES, LL COMMON 92205F106 2105 80958.000 SH Sole 80958.000 VARIAN MEDICAL SYSTEMS COMMON 92220P105 2549 36293.000 SH Sole 36293.000 VIACOM INC COMMON 92553P201 2834 53736.000 SH Sole 53736.000 VODAFONE GROUP PLC SPONSORED A COMMON 92857W209 1817 72121.000 SH Sole 72121.000 WAL-MART COMMON 931142103 867 12700.802 SH Sole 12700.802 WELLS FARGO COMPANY COMMON 949746101 3928 114912.935 SH Sole 114912.935 WESTERN UNION CO COMMON 959802109 2085 153185.000 SH Sole 153185.000 WESTPAC BANKING CORP ADR COMMON 961214301 3468 25145.000 SH Sole 25145.000 YAHOO INC COMMON 984332106 2815 141455.000 SH Sole 141455.000 ZURICH INSURANCE GROUP LTD ADR COMMON 989825104 3258 121561.000 SH Sole 121561.000 FIRST EAGLE FDS INC GLOBAL FD MUTUAL FDS 32008f507 535 11017.155 SH Sole 11017.155 NORTHEAST INVS TR SH BEN INT MUTUAL FDS 664210101 80 13041.684 SH Sole 13041.684 SCHWAB TOTAL STOCK MARKET INDE MUTUAL FDS 808509756 420 16289.451 SH Sole 16289.451 CLAYMORE/ZACKS MULTI-ASSET INC OTHER EQUITIES 18383M506 317 14480.000 SH Sole 14480.000 ISHARES COMEX GOLD TRUST OTHER EQUITIES 464285105 202 12400.000 SH Sole 12400.000 ISHARES DOW JONES SELECT DIVID OTHER EQUITIES 464287168 616 10763.000 SH Sole 10763.000 ISHARES RUSSELL 1000 GROWTH OTHER EQUITIES 464287614 5329 81373.000 SH Sole 81373.000 88 1342.000 SH Other 77.000 1265.000 ISHARES RUSSELL 1000 VALUE OTHER EQUITIES 464287598 5097 69992.000 SH Sole 69992.000 119 1632.000 SH Other 72.000 1560.000 ISHARES RUSSELL 2000 OTHER EQUITIES 464287655 378 4484.000 SH Sole 4484.000 ISHARES RUSSELL 2000 GROWTH OTHER EQUITIES 464287648 203 2125.000 SH Sole 2125.000 ISHARES RUSSELL 2000 VALUE OTHER EQUITIES 464287630 292 3869.000 SH Sole 3869.000 ISHARES S&P 500 VALUE INDEX OTHER EQUITIES 464287408 207 3125.000 SH Sole 3125.000 ISHARES S&P SMALLCAP 600 OTHER EQUITIES 464287804 703 8999.757 SH Sole 8999.757 ISHARES TR RUSSELL 3000 OTHER EQUITIES 464287689 266 3142.000 SH Sole 3142.000 PROSHARES SHORT S&P 500 OTHER EQUITIES 74347R503 13606 399810.000 SH Sole 399810.000 RYDEX S&P EQUAL WEIGHT ETF OTHER EQUITIES 78355W106 246 4623.000 SH Sole 4623.000 S & P 400 MID CAP DEP RECPT OTHER EQUITIES 78467Y107 215 1158.000 SH Sole 1158.000 S & P 500 DEPOSITARY RECEIPT OTHER EQUITIES 78462F103 3718 26111.000 SH Sole 26111.000 SPDR S&P DIVIDEND ETF OTHER EQUITIES 78464A763 272 4670.000 SH Sole 4670.000