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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
+5.11%
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
$3.82B
AUM Growth
-$25.3M
(-0.66%)
Cap. Flow
-$184M
Cap. Flow
% of AUM
-4.83%
Top 10 Holdings %
Top 10 Hldgs %
72.76%
Holding
31
New
6
Increased
9
Reduced
10
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCO
Patterson Companies, Inc.
PDCO
|
+$75.5M |
| 2 |
HBI
Hanesbrands
HBI
|
+$59.9M |
| 3 |
Sherwin-Williams
SHW
|
+$52.1M |
| 4 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$42.2M |
| 5 |
SBA Communications
SBAC
|
+$26.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$99.1M |
| 2 |
Qualcomm
QCOM
|
+$88.7M |
| 3 |
AGN
Allergan plc
AGN
|
+$54.3M |
| 4 |
Charter Communications
CHTR
|
+$32.9M |
| 5 |
Tesla
TSLA
|
+$30.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.98% |
| 2 | Consumer Discretionary | 16.14% |
| 3 | Financials | 16.04% |
| 4 | Healthcare | 10.11% |
| 5 | Real Estate | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $541M | 14.16% |
2,500,000
-600,000
| -19% | -$130M |
|
|
2
Charter Communications
CHTR
$17.2B
| $495M | 12.95% |
1,832,591
-130,319
| -7% | -$32.9M |
|
|
3
SBA Communications
SBAC
$18.9B
| $306M | 8.02% |
2,731,299
+234,430
| +9% | +$26.5M |
|
|
TFCFA
4
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $300M | 7.87% |
12,402,988
+43,825
| +0.4% | +$1.12M |
|
|
DNKN
5
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $249M | 6.51% |
4,773,593
-187,519
| -4% | -$8.91M |
|
|
6
RTX Corp
RTX
$294B
| $220M | 5.77% |
3,446,452
-1,494,723
| -30% | -$99.1M |
|
7
Intercontinental Exchange
ICE
$87.3B
| $186M | 4.88% |
3,457,415
+12,205
| +0.4% | +$666K |
|
8
McKesson
MCK
$105B
| $185M | 4.86% |
1,112,142
+3,980
| +0.4% | +$742K |
|
|
HBI
9
DELISTED
Hanesbrands
HBI
| $150M | 3.93% |
5,945,586
+2,271,960
| +62% | +$59.9M |
|
|
10
Sherwin-Williams
SHW
$85.1B
| $146M | 3.82% |
1,582,215
+537,474
| +51% | +$52.1M |
|
11
S&P Global
SPGI
$123B
| $142M | 3.72% |
1,123,018
-196,460
| -15% | -$23.6M |
|
12
Moody's
MCO
$83.9B
| $135M | 3.53% |
1,245,890
-225,363
| -15% | -$23.7M |
|
13
Visa
V
$709B
| $135M | 3.53% |
1,628,924
+312,079
| +24% | +$25M |
|
14
Sally Beauty Holdings
SBH
$1.47B
| $128M | 3.35% |
4,989,685
-186,067
| -4% | -$5.21M |
|
|
AGN
15
DELISTED
Allergan plc
AGN
| $127M | 3.34% |
553,511
-222,268
| -29% | -$54.3M |
|
16
LKQ Corp
LKQ
$6.74B
| $89.6M | 2.34% |
2,525,536
+8,715
| +0.3% | +$302K |
|
|
PDCO
17
DELISTED
Patterson Companies, Inc.
PDCO
| $73.4M | 1.92% |
+1,596,972
| New | +$75.5M |
|
|
TFCFA
18
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $49.7M | 1.3% |
+2,052,900
| New | +$52.5M |
|
|
INFO
19
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $44.4M | 1.16% |
+1,182,209
| New | +$42.2M |
|
20
PUT
Amazon
AMZN
$2.48T
| $37.5M | 0.98% |
+896,000
| New | +$34.3M |
|
21
CALL
General Motors
GM
$81.3B
| $19.9M | 0.52% |
627,300
-192,000
| -23% | -$6M |
|
22
CALL
Autodesk
ADSK
$51.9B
| $16.1M | 0.42% |
222,800
| – | – |
|
23
Affiliated Managers Group
AMG
$9.67B
| $14.5M | 0.38% |
+100,000
| New | +$14.3M |
|
24
PUT
AbbVie
ABBV
$470B
| $12.6M | 0.33% |
+200,000
| New | +$12.9M |
|
|
VMW
25
CALL
DELISTED
VMware, Inc
VMW
| $11M | 0.29% |
150,000
-376,600
| -72% | -$26.5M |
|
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Meritage Group's Q3 2016 Portfolio in Review
As of Q3 2016, Meritage Group held 31 positions worth $3.82B, down 0.66% from $3.84B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Meritage Group withdrew a net $184M in Q3 2016, closing 5 positions and reducing 10 holdings. Its most notable exit was Qualcomm, an estimated $88.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Meritage Group opened a new position in Patterson Companies, Inc. worth $73.4M.
- Meritage Group's largest Q3 2016 buy was Patterson Companies, Inc.: 1,596,972 shares worth $73.4M.
- Meritage Group added most to Hanesbrands in Q3 2016, an estimated $59.9M increase.
- Meritage Group's biggest Q3 2016 reduction was RTX Corp, cutting an estimated $99.1M.
- Meritage Group fully exited Qualcomm in Q3 2016, selling an estimated $88.7M.
- Meritage Group's ten largest holdings make up 73% of its $3.82B portfolio in Q3 2016.
- Meritage Group opened 6 new positions and closed 5 in Q3 2016.
- Meritage Group's portfolio value fell 0.66% quarter-over-quarter to $3.82B.
Based on Meritage Group's 13F filing for Q3 2016, filed 14 Nov 2016.