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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
-0.65%
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
$3.72B
AUM Growth
-$97.4M
(-2.5%)
Cap. Flow
-$116M
Cap. Flow
% of AUM
-3.11%
Top 10 Holdings %
Top 10 Hldgs %
77.12%
Holding
88
New
62
Increased
6
Reduced
9
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$165M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$105M |
| 3 |
Cencora
COR
|
+$92.1M |
| 4 |
Sherwin-Williams
SHW
|
+$76.9M |
| 5 |
Visa
V
|
+$75.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$334M |
| 2 |
McKesson
MCK
|
+$185M |
| 3 |
HBI
Hanesbrands
HBI
|
+$142M |
| 4 |
AGN
Allergan plc
AGN
|
+$114M |
| 5 |
LKQ Corp
LKQ
|
+$89.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.43% |
| 2 | Financials | 16.89% |
| 3 | Consumer Discretionary | 10.6% |
| 4 | Real Estate | 7.59% |
| 5 | Materials | 6.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $738M | 19.82% |
3,300,000
+800,000
| +32% | +$175M |
|
2
Charter Communications
CHTR
$16.7B
| $452M | 12.14% |
1,568,727
-263,864
| -14% | -$71.1M |
|
3
SBA Communications
SBAC
$18.6B
| $282M | 7.59% |
2,734,887
+3,588
| +0.1% | +$378K |
|
|
DNKN
4
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $250M | 6.73% |
4,773,593
| – | – |
|
|
5
Sherwin-Williams
SHW
$87.4B
| $220M | 5.9% |
2,452,557
+870,342
| +55% | +$76.9M |
|
|
INFO
6
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $204M | 5.49% |
5,767,031
+4,584,822
| +388% | +$165M |
|
7
RTX Corp
RTX
$295B
| $202M | 5.43% |
2,932,031
-514,421
| -15% | -$34.1M |
|
|
8
Visa
V
$697B
| $201M | 5.39% |
2,573,292
+944,368
| +58% | +$75.9M |
|
9
Intercontinental Exchange
ICE
$86.4B
| $195M | 5.24% |
3,457,415
| – | – |
|
10
Sally Beauty Holdings
SBH
$1.48B
| $126M | 3.4% |
4,782,703
-206,982
| -4% | -$5.46M |
|
11
S&P Global
SPGI
$125B
| $121M | 3.24% |
1,121,962
-1,056
| -0.1% | -$126K |
|
12
CALL
SPDR Gold Trust
GLD
$131B
| $110M | 2.95% |
+1,000,000
| New | +$116M |
|
|
13
Alphabet (Google) Class A
GOOGL
$4.08T
| $104M | 2.8% |
+2,625,680
| New | +$105M |
|
14
Moody's
MCO
$83.9B
| $92.6M | 2.49% |
982,473
-263,417
| -21% | -$26.6M |
|
|
15
Cencora
COR
$62.2B
| $92.3M | 2.48% |
+1,180,346
| New | +$92.1M |
|
16
Comcast
CMCSA
$85.8B
| $73.9M | 1.99% |
+2,139,958
| New | +$71.5M |
|
17
CALL
Teva Pharmaceuticals
TEVA
$36.9B
| $29.4M | 0.79% |
+811,300
| New | +$32.4M |
|
18
CALL
Wells Fargo
WFC
$263B
| $27.6M | 0.74% |
+500,300
| New | +$25.2M |
|
|
TFCFA
19
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $26.6M | 0.72% |
950,000
-1,102,900
| -54% | -$29.7M |
|
20
AbbVie
ABBV
$465B
| $19.8M | 0.53% |
+315,389
| New | +$19.3M |
|
21
CALL
General Motors
GM
$81.7B
| $16.7M | 0.45% |
480,000
-147,300
| -23% | -$4.95M |
|
22
CALL
Autodesk
ADSK
$50.1B
| $16.5M | 0.44% |
222,800
| – | – |
|
|
HBI
23
CALL
DELISTED
Hanesbrands
HBI
| $16.2M | 0.43% |
+750,000
| New | +$17.9M |
|
|
24
Autodesk
ADSK
$50.1B
| $4.96M | 0.13% |
66,972
+7,507
| +13% | +$553K |
|
25
Ecolab
ECL
$79.6B
| $3.92M | 0.11% |
+33,434
| New | +$3.91M |
|
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Meritage Group's Q4 2016 Portfolio in Review
As of Q4 2016, Meritage Group held 88 positions worth $3.72B, down 2.5% from $3.82B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Meritage Group withdrew a net $116M in Q4 2016, closing 8 positions and reducing 9 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Meritage Group opened a new position in Alphabet (Google) Class A worth $104M.
- Meritage Group's largest Q4 2016 buy was Alphabet (Google) Class A: 2,625,680 shares worth $104M.
- Meritage Group added most to IHS Markit Ltd. Common Shares in Q4 2016, an estimated $165M increase.
- Meritage Group's biggest Q4 2016 reduction was Allergan plc, cutting an estimated $114M.
- Meritage Group fully exited Twenty-First Century Fox, Inc. Class A in Q4 2016, selling an estimated $334M.
- Meritage Group's ten largest holdings make up 77% of its $3.72B portfolio in Q4 2016.
- Meritage Group opened 62 new positions and closed 8 in Q4 2016.
- Meritage Group's portfolio value fell 2.5% quarter-over-quarter to $3.72B.
Based on Meritage Group's 13F filing for Q4 2016, filed 13 Feb 2017.