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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
+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
(-14%)
Cap. Flow
-$857M
Cap. Flow
% of AUM
-20.77%
Top 10 Holdings %
Top 10 Hldgs %
59.32%
Holding
35
New
4
Increased
13
Reduced
5
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
Warner Bros
WBD
|
+$220M |
| 2 |
Dollar Tree
DLTR
|
+$169M |
| 3 |
Apple
AAPL
|
+$157M |
| 4 |
DNOW Inc
DNOW
|
+$111M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $351M | 8.51% |
1,700,000
-2,000,000
| -54% | -$413M |
|
|
MHFI
2
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $271M | 6.56% |
2,616,602
| – | – |
|
3
Bausch Health
BHC
$1.75B
| $267M | 6.47% |
1,343,970
+259,666
| +24% | +$46.1M |
|
4
Dollar General
DG
$28.4B
| $236M | 5.72% |
3,127,468
-606,542
| -16% | -$42.9M |
|
|
DISCK
5
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $231M | 5.61% |
7,845,750
+1,949,826
| +33% | +$58.9M |
|
6
Sally Beauty Holdings
SBH
$1.47B
| $229M | 5.55% |
6,665,729
-1,193,457
| -15% | -$38.5M |
|
7
Visa
V
$701B
| $227M | 5.51% |
3,476,550
+3,790
| +0.1% | +$251K |
|
8
American Tower
AMT
$83.5B
| $224M | 5.42% |
2,375,731
+506,671
| +27% | +$49.3M |
|
|
TFCFA
9
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $222M | 5.37% |
6,550,331
+2,177,415
| +50% | +$75.5M |
|
10
Charter Communications
CHTR
$17.3B
| $190M | 4.6% |
982,334
+1,041
| +0.1% | +$180K |
|
11
AutoZone
AZO
$51.3B
| $182M | 4.41% |
266,929
+235
| +0.1% | +$148K |
|
|
12
Microsoft
MSFT
$2.9T
| $174M | 4.23% |
+4,288,685
| New | +$187M |
|
|
13
Apple
AAPL
$4.97T
| $174M | 4.23% |
5,603,716
-5,189,884
| -48% | -$157M |
|
14
Sensata Technologies
ST
$6.69B
| $162M | 3.93% |
2,818,604
+1,240
| +0% | +$66K |
|
15
Intercontinental Exchange
ICE
$87.2B
| $160M | 3.88% |
3,434,870
+3,020
| +0.1% | +$136K |
|
16
Baidu
BIDU
$35.7B
| $154M | 3.74% |
739,529
+172,052
| +30% | +$36.9M |
|
|
WBA
17
DELISTED
Walgreens Boots Alliance
WBA
| $146M | 3.53% |
1,718,320
+1,480
| +0.1% | +$118K |
|
18
Moody's
MCO
$83.7B
| $121M | 2.92% |
1,161,030
+1,438
| +0.1% | +$139K |
|
|
PPLI
19
People Inc
PPLI
$3.12B
| $114M | 2.77% |
+9,483,085
| New | +$110M |
|
20
DigitalBridge
DBRG
$2.92B
| $95.2M | 2.31% |
1,020,048
+874
| +0.1% | +$79.2K |
|
|
TWC
21
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $74.1M | 1.8% |
+494,254
| New | +$73.7M |
|
22
CALL
SPDR Gold Trust
GLD
$131B
| $56.8M | 1.38% |
500,000
-500,000
| -50% | -$58.5M |
|
23
NewMarket
NEU
$7.24B
| $21.4M | 0.52% |
+44,700
| New | +$20.2M |
|
24
CALL
Applied Materials
AMAT
$347B
| $13.5M | 0.33% |
600,000
| – | – |
|
25
JetBlue
JBLU
$2.13B
| $10.8M | 0.26% |
560,034
| – | – |
|
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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.