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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
+4.65%
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
$5.35B
AUM Growth
-$373M
(-6.5%)
Cap. Flow
-$596M
Cap. Flow
% of AUM
-11.16%
Top 10 Holdings %
Top 10 Hldgs %
82.31%
Holding
22
New
1
Increased
10
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marriott International
MAR
|
+$95.4M |
| 2 |
Thermo Fisher Scientific
TMO
|
+$54.3M |
| 3 |
Autodesk
ADSK
|
+$39.5M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$19.7M |
| 5 |
Fidelity National Information Services
FIS
|
+$3.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$163M |
| 2 |
Restaurant Brands International
QSR
|
+$103M |
| 3 |
Charter Communications
CHTR
|
+$94.8M |
| 4 |
SBA Communications
SBAC
|
+$93.8M |
| 5 |
S&P Global
SPGI
|
+$86.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 29.42% |
| 2 | Technology | 22.02% |
| 3 | Consumer Discretionary | 9.58% |
| 4 | Materials | 8.1% |
| 5 | Industrials | 6.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$17.2B
| $1.08B | 20.28% |
2,630,380
-234,807
| -8% | -$94.8M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$775B
| $742M | 13.88% |
2,500,000
-500,000
| -17% | -$148M |
|
3
Sherwin-Williams
SHW
$84.9B
| $433M | 8.1% |
2,361,594
-254,601
| -10% | -$43.3M |
|
|
4
Fidelity National Information Services
FIS
$24B
| $424M | 7.93% |
3,191,819
+29,923
| +0.9% | +$3.97M |
|
5
Microsoft
MSFT
$2.93T
| $361M | 6.75% |
2,594,048
+24,500
| +1% | +$3.37M |
|
6
TransDigm Group
TDG
$71.4B
| $356M | 6.66% |
683,720
+6,333
| +0.9% | +$3.25M |
|
|
7
Autodesk
ADSK
$52B
| $273M | 5.11% |
1,850,058
+254,049
| +16% | +$39.5M |
|
8
Amazon
AMZN
$2.45T
| $267M | 5% |
3,077,000
+28,500
| +0.9% | +$2.64M |
|
|
9
Thermo Fisher Scientific
TMO
$215B
| $265M | 4.96% |
909,957
+189,478
| +26% | +$54.3M |
|
10
Alphabet (Google) Class A
GOOGL
$4.09T
| $196M | 3.66% |
3,201,920
+29,660
| +0.9% | +$1.76M |
|
|
11
Alphabet (Google) Class C
GOOG
$4.08T
| $160M | 3% |
2,631,500
-533,480
| -17% | -$31.6M |
|
|
12
Restaurant Brands International
QSR
$26.1B
| $155M | 2.91% |
2,184,973
-1,398,133
| -39% | -$103M |
|
13
Moody's
MCO
$84.3B
| $150M | 2.81% |
732,931
-175,158
| -19% | -$36.7M |
|
14
Electronic Arts
EA
$52.4B
| $133M | 2.49% |
1,360,295
+12,600
| +0.9% | +$1.18M |
|
15
Guidewire Software
GWRE
$13.9B
| $119M | 2.23% |
1,133,022
+10,953
| +1% | +$1.1M |
|
|
16
S&P Global
SPGI
$124B
| $114M | 2.14% |
466,671
-345,441
| -43% | -$86.3M |
|
|
17
Marriott International
MAR
$99.5B
| $89.5M | 1.67% |
+719,250
| New | +$95.4M |
|
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$775B
| $23.5M | 0.44% |
79,205
+66,505
| +524% | +$19.7M |
|
|
19
CALL
Electronic Arts
EA
$52.4B
| $20K | ﹤0.01% |
200
| – | – |
|
20
PTC
PTC
$15.1B
| – | – |
-248,508
| Closed | -$22.3M |
|
|
21
RTX Corp
RTX
$290B
| – | – |
-1,988,343
| Closed | -$163M |
|
|
22
SBA Communications
SBAC
$18.9B
| – | – |
-417,314
| Closed | -$93.8M |
|
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Meritage Group's Q3 2019 Portfolio in Review
As of Q3 2019, Meritage Group held 22 positions worth $5.35B, down 6.5% from $5.72B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Meritage Group withdrew a net $596M in Q3 2019, closing 3 positions and reducing 7 holdings. Its most notable exit was RTX Corp, an estimated $163M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 28% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Meritage Group opened a new position in Marriott International worth $89.5M.
- Meritage Group's largest Q3 2019 buy was Marriott International: 719,250 shares worth $89.5M.
- Meritage Group added most to Thermo Fisher Scientific in Q3 2019, an estimated $54.3M increase.
- Meritage Group's biggest Q3 2019 reduction was Restaurant Brands International, cutting an estimated $103M.
- Meritage Group fully exited RTX Corp in Q3 2019, selling an estimated $163M.
- Meritage Group's ten largest holdings make up 82% of its $5.35B portfolio in Q3 2019.
- Meritage Group opened 1 new position and closed 3 in Q3 2019.
- Meritage Group's portfolio value fell 6.5% quarter-over-quarter to $5.35B.
Based on Meritage Group's 13F filing for Q3 2019, filed 14 Nov 2019.