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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
-14.11%
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
$3.68B
AUM Growth
-$2.02B
Cap. Flow
-$1.36B
Cap. Flow %
-37.1%
Top 10 Hldgs %
78.91%
Holding
45
New
8
Increased
19
Reduced
8
Closed
9

Top Buys

Rank Stock Value
1
IQV icon
IQVIA
IQV
+$215M
2
CHTR icon
Charter Communications
CHTR
+$138M
3
QSR icon
Restaurant Brands International
QSR
+$127M
4
STZ icon
Constellation Brands
STZ
+$98.1M
5
FIS icon
Fidelity National Information Services
FIS
+$62.7M

Top Sells

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$267M
2
BA icon
Boeing
BA
+$255M
3
EA icon
Electronic Arts
EA
+$168M
4
MAR icon
Marriott International
MAR
+$166M
5
MSFT icon
Microsoft
MSFT
+$110M

Sector Composition

Rank Sector Weight
1 Communication Services 30.51%
2 Technology 28.99%
3 Consumer Discretionary 12.68%
4 Industrials 9.48%
5 Financials 6.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HLT icon
26
Hilton Worldwide
HLT
$73.1B
$359K 0.01%
5,266
+2,438
+86% +$237K
RSG icon
27
Republic Services
RSG
$68.4B
$323K 0.01%
4,302
+1,108
+35% +$100K
NOV icon
28
NOV
NOV
$7.01B
$313K 0.01%
31,856
+20,877
+190% +$394K
VRSK icon
29
Verisk Analytics
VRSK
$26.3B
$313K 0.01%
2,244
– –
IT icon
30
Gartner
IT
$9.39B
$302K 0.01%
+3,038
New +$416K
PWR icon
31
Quanta Services
PWR
$94.3B
$252K 0.01%
+7,956
New +$296K
CAT icon
32
Caterpillar
CAT
$405B
$250K 0.01%
2,156
+783
+57% +$100K
VRSN icon
33
VeriSign
VRSN
$25.3B
$238K 0.01%
1,323
-164
-11% -$32.2K
NEM icon
34
Newmont
NEM
$95.8B
$214K 0.01%
4,731
-719
-13% -$32.4K
L icon
35
Loews
L
$23.6B
$203K 0.01%
+5,838
New +$275K
HST icon
36
Host Hotels & Resorts
HST
$16.4B
$130K ﹤0.01%
11,734
+1,420
+14% +$21.4K
BA icon
37
Boeing
BA
$169B
– –
-783,467
Closed -$255M
BRK.B icon
38
Berkshire Hathaway Class B
BRK.B
$1.06T
– –
-1,000
Closed -$227K
EA icon
39
CALL
Electronic Arts
EA
$52.4B
– –
-200
Closed -$22K
EA icon
40
Electronic Arts
EA
$52.4B
– –
-1,559,697
Closed -$168M
EVRG icon
41
Evergy
EVRG
$19.7B
– –
-5,183
Closed -$337K
MAR icon
42
Marriott International
MAR
$96.6B
– –
-1,095,788
Closed -$166M
SJM icon
43
J.M. Smucker
SJM
$12B
– –
-2,909
Closed -$303K
SPY icon
44
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
– –
-2,500,000
Closed -$805M
TMO icon
45
Thermo Fisher Scientific
TMO
$198B
– –
-821,795
Closed -$267M
1
2

Similar funds

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 Q1 2020 Portfolio in Review

As of Q1 2020, Meritage Group held 45 positions worth $3.68B, down 35% from $5.7B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Meritage Group withdrew a net $1.36B in Q1 2020, closing 9 positions and reducing 8 holdings. Its most notable exit was Thermo Fisher Scientific, an estimated $267M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Meritage Group opened a new position in IQVIA worth $162M.

  • Meritage Group's largest Q1 2020 buy was IQVIA: 1,503,377 shares worth $162M.
  • Meritage Group added most to Charter Communications in Q1 2020, an estimated $138M increase.
  • Meritage Group's biggest Q1 2020 reduction was Microsoft, cutting an estimated $110M.
  • Meritage Group fully exited Thermo Fisher Scientific in Q1 2020, selling an estimated $267M.
  • Meritage Group's ten largest holdings make up 79% of its $3.68B portfolio in Q1 2020.
  • Meritage Group opened 8 new positions and closed 9 in Q1 2020.
  • Meritage Group's portfolio value fell 35% quarter-over-quarter to $3.68B.

Based on Meritage Group's 13F filing for Q1 2020, filed 14 May 2020.