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MG

Meritage Group Portfolio holdings

AUM $2.65B
1-Year Est. Return 6.3%
This Fund
S&P 500
This Quarter Est. Return
+9.5%
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
$5.7B
AUM Growth
+$350M
Cap. Flow
-$178M
Cap. Flow %
-3.13%
Top 10 Hldgs %
72.9%
Holding
38
New
19
Increased
5
Reduced
11
Closed
1

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$277M
2
CNI icon
Canadian National Railway
CNI
+$215M
3
CRM icon
Salesforce
CRM
+$122M
4
MIME
Mimecast Limited
MIME
+$58.5M
5
FIS icon
Fidelity National Information Services
FIS
+$51.4M

Top Sells

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$480M
2
SHW icon
Sherwin-Williams
SHW
+$163M
3
GWRE icon
Guidewire Software
GWRE
+$119M
4
ADSK icon
Autodesk
ADSK
+$74.8M
5
MSFT icon
Microsoft
MSFT
+$53.3M

Sector Composition

Rank Sector Weight
1 Technology 22.68%
2 Communication Services 22.35%
3 Industrials 14.4%
4 Consumer Discretionary 11.27%
5 Financials 5.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SJM icon
26
J.M. Smucker
SJM
$12B
$303K 0.01%
+2,909
New +$308K
AWK icon
27
American Water Works
AWK
$26.4B
$301K 0.01%
+2,450
New +$297K
NI icon
28
NiSource
NI
$22B
$293K 0.01%
+10,516
New +$288K
VRSN icon
29
VeriSign
VRSN
$25.3B
$287K 0.01%
+1,487
New +$279K
RSG icon
30
Republic Services
RSG
$68.4B
$286K 0.01%
+3,194
New +$279K
NOV icon
31
NOV
NOV
$7.01B
$275K ﹤0.01%
+10,979
New +$247K
HSIC icon
32
Henry Schein
HSIC
$10B
$239K ﹤0.01%
+3,584
New +$237K
NEM icon
33
Newmont
NEM
$95.8B
$237K ﹤0.01%
+5,450
New +$213K
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.06T
$227K ﹤0.01%
+1,000
New +$217K
CAT icon
35
Caterpillar
CAT
$405B
$203K ﹤0.01%
+1,373
New +$192K
HST icon
36
Host Hotels & Resorts
HST
$16.4B
$191K ﹤0.01%
+10,314
New +$178K
EA icon
37
CALL
Electronic Arts
EA
$52.4B
$22K ﹤0.01%
200
– –
GWRE icon
38
Guidewire Software
GWRE
$12.5B
– –
-1,133,022
Closed -$119M
1
2

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HI
Helikon Investments London, United Kingdom $2.65B AUM 79.03% 1-Year Est. Return
CCM
Cerberus Capital Management New York $2.65B AUM 20.18% 1-Year Est. Return
WBG
Wharton Business Group Malvern, Pennsylvania $2.65B AUM 20.73% 1-Year Est. Return
PCIG
Partners Capital Investment Group Boston, Massachusetts $2.65B AUM 16.42% 1-Year Est. Return
BCV
Banque Cantonale Vaudoise Lausanne, Switzerland $2.66B AUM 26.89% 1-Year Est. Return
ACIM
Azimuth Capital Investment Management Bloomfield Hills, Michigan $2.66B AUM 22.87% 1-Year Est. Return
PCA
Pallas Capital Advisors Braintree, Massachusetts $2.66B AUM 22.31% 1-Year Est. Return
NIG
NFJ Investment Group Dallas, Texas $2.64B AUM 23.86% 1-Year Est. Return

Meritage Group's Q4 2019 Portfolio in Review

As of Q4 2019, Meritage Group held 38 positions worth $5.7B, up 6.5% from $5.35B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Meritage Group withdrew a net $178M in Q4 2019, closing 1 position and reducing 11 holdings. Its most notable exit was Guidewire Software, an estimated $119M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Meritage Group opened a new position in Boeing worth $255M.

  • Meritage Group's largest Q4 2019 buy was Boeing: 783,467 shares worth $255M.
  • Meritage Group added most to Fidelity National Information Services in Q4 2019, an estimated $51.4M increase.
  • Meritage Group's biggest Q4 2019 reduction was Charter Communications, cutting an estimated $480M.
  • Meritage Group fully exited Guidewire Software in Q4 2019, selling an estimated $119M.
  • Meritage Group's ten largest holdings make up 73% of its $5.7B portfolio in Q4 2019.
  • Meritage Group opened 19 new positions and closed 1 in Q4 2019.
  • Meritage Group's portfolio value rose 6.5% quarter-over-quarter to $5.7B.

Based on Meritage Group's 13F filing for Q4 2019, filed 14 Feb 2020.