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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
+24.04%
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
$4.73B
AUM Growth
+$1.06B
(+29%)
Cap. Flow
+$283M
Cap. Flow
% of AUM
5.97%
Top 10 Holdings %
Top 10 Hldgs %
84.64%
Holding
42
New
6
Increased
14
Reduced
8
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Brands
STZ
|
+$234M |
| 2 |
Restaurant Brands International
QSR
|
+$230M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$226M |
| 4 |
Workday
WDAY
|
+$135M |
| 5 |
Salesforce
CRM
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$273M |
| 2 |
Autodesk
ADSK
|
+$124M |
| 3 |
IQVIA
IQV
|
+$108M |
| 4 |
Microsoft
MSFT
|
+$66.9M |
| 5 |
Fidelity National Information Services
FIS
|
+$52.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 33.24% |
| 2 | Technology | 27.12% |
| 3 | Consumer Discretionary | 10.84% |
| 4 | Industrials | 9.25% |
| 5 | Consumer Staples | 7.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Mettler-Toledo International
MTD
$28.1B
| $234K | ﹤0.01% |
+291
| New | +$216K |
|
27
ServiceNow
NOW
$120B
| $222K | ﹤0.01% |
+2,745
| New | +$194K |
|
28
American Water Works
AWK
$27B
| $218K | ﹤0.01% |
1,692
-1,360
| -45% | -$169K |
|
|
JWN
29
DELISTED
Nordstrom
JWN
| $163K | ﹤0.01% |
+10,500
| New | +$185K |
|
|
30
Autodesk
ADSK
$51.8B
| – | – |
-791,231
| Closed | -$124M |
|
|
31
Amazon
AMZN
$2.44T
| – | – |
-2,802,460
| Closed | -$273M |
|
32
Caterpillar
CAT
$361B
| – | – |
-2,156
| Closed | -$250K |
|
33
Host Hotels & Resorts
HST
$17.5B
| – | – |
-11,734
| Closed | -$130K |
|
34
Gartner
IT
$11.1B
| – | – |
-3,038
| Closed | -$302K |
|
35
Loews
L
$24.5B
| – | – |
-5,838
| Closed | -$203K |
|
36
Newmont
NEM
$96.2B
| – | – |
-4,731
| Closed | -$214K |
|
37
Quanta Services
PWR
$84.2B
| – | – |
-7,956
| Closed | -$252K |
|
38
S&P Global
SPGI
$124B
| – | – |
-182,843
| Closed | -$44.8M |
|
39
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| – | – |
-50,110
| Closed | -$12.9M |
|
40
VeriSign
VRSN
$26.3B
| – | – |
-1,323
| Closed | -$238K |
|
41
Dentsply Sirona
XRAY
$2.84B
| – | – |
-9,428
| Closed | -$366K |
|
42
Corpay
CPAY
$25.7B
| – | – |
-1,964
| Closed | -$366K |
|
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Meritage Group's Q2 2020 Portfolio in Review
As of Q2 2020, Meritage Group held 42 positions worth $4.73B, up 29% from $3.68B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Meritage Group deployed $283M of net new capital in Q2 2020, opening 6 new positions and adding to 14 existing holdings. Its largest new stake was Workday: 833,153 shares worth $156M.
By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 31% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was IQVIA, an estimated $108M trimmed.
- Meritage Group's largest Q2 2020 buy was Workday: 833,153 shares worth $156M.
- Meritage Group added most to Constellation Brands in Q2 2020, an estimated $234M increase.
- Meritage Group's biggest Q2 2020 reduction was IQVIA, cutting an estimated $108M.
- Meritage Group fully exited Amazon in Q2 2020, selling an estimated $273M.
- Meritage Group's ten largest holdings make up 85% of its $4.73B portfolio in Q2 2020.
- Meritage Group opened 6 new positions and closed 13 in Q2 2020.
- Meritage Group's portfolio value rose 29% quarter-over-quarter to $4.73B.
Based on Meritage Group's 13F filing for Q2 2020, filed 13 Aug 2020.