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Meritage Group Portfolio holdings

AUM $2.65B
1-Year Est. Return 6.3%
This Fund
S&P 500
This Quarter Est. Return
+6.27%
1 Year Est. Return
-6.3%
3 Year Est. Return
+32.75%
5 Year Est. Return
+20.89%
10 Year Est. Return
+243.18%
AUM
$4.12B
AUM Growth
-$658M
Cap. Flow
-$857M
Cap. Flow %
-20.77%
Top 10 Hldgs %
59.32%
Holding
35
New
4
Increased
13
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$187M
2
PPLI
People Inc
PPLI
+$110M
3
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$75.5M
4
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$73.7M
5
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$58.9M

Top Sells

Rank Stock Value
1
WBD icon
Warner Bros
WBD
+$220M
2
DLTR icon
Dollar Tree
DLTR
+$169M
3
AAPL icon
Apple
AAPL
+$157M
4
DNOW icon
DNOW Inc
DNOW
+$111M
5
CP icon
Canadian Pacific Kansas City
CP
+$46.5M

Sector Composition

Rank Sector Weight
1 Financials 21.19%
2 Communication Services 18.28%
3 Technology 12.38%
4 Healthcare 10%
5 Consumer Discretionary 9.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UAL icon
26
United Airlines
UAL
$38.8B
$9.73M 0.24%
144,751
– –
AAL icon
27
American Airlines Group
AAL
$9.82B
$8.98M 0.22%
170,196
– –
CP icon
28
Canadian Pacific Kansas City
CP
$81B
– –
-1,208,505
Closed -$46.5M
DLTR icon
29
Dollar Tree
DLTR
$24.8B
– –
-2,402,546
Closed -$169M
DNOW icon
30
DNOW Inc
DNOW
$2.44B
– –
-4,299,225
Closed -$111M
FANG icon
31
PUT
Diamondback Energy
FANG
$56B
– –
-69,400
Closed -$4.15M
INTC icon
32
PUT
Intel
INTC
$413B
– –
-468,000
Closed -$17M
SPY icon
33
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
– –
-1,000,000
Closed -$206M
WBD icon
34
Warner Bros
WBD
$64.3B
– –
-6,391,335
Closed -$220M
UPL
35
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
– –
-2,442,681
Closed -$32.1M
1
2

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WBG
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PCIG
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BCV
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ACIM
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PCA
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NIG
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Meritage Group's Q1 2015 Portfolio in Review

As of Q1 2015, Meritage Group held 35 positions worth $4.12B, down 14% from $4.78B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Meritage Group withdrew a net $857M in Q1 2015, closing 8 positions and reducing 5 holdings. Its most notable exit was Warner Bros, an estimated $220M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 18% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Meritage Group opened a new position in Microsoft worth $174M.

  • Meritage Group's largest Q1 2015 buy was Microsoft: 4,288,685 shares worth $174M.
  • Meritage Group added most to Twenty-First Century Fox, Inc. Class A in Q1 2015, an estimated $75.5M increase.
  • Meritage Group's biggest Q1 2015 reduction was Apple, cutting an estimated $157M.
  • Meritage Group fully exited Warner Bros in Q1 2015, selling an estimated $220M.
  • Meritage Group's ten largest holdings make up 59% of its $4.12B portfolio in Q1 2015.
  • Meritage Group opened 4 new positions and closed 8 in Q1 2015.
  • Meritage Group's portfolio value fell 14% quarter-over-quarter to $4.12B.

Based on Meritage Group's 13F filing for Q1 2015, filed 8 May 2015.