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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
+9.5%
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
$5.7B
AUM Growth
+$350M
Cap. Flow
-$178M
Cap. Flow %
-3.13%
Top 10 Hldgs %
72.9%
Holding
38
New
19
Increased
5
Reduced
11
Closed
1

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$277M
2
CNI icon
Canadian National Railway
CNI
+$215M
3
CRM icon
Salesforce
CRM
+$122M
4
MIME
Mimecast Limited
MIME
+$58.5M
5
FIS icon
Fidelity National Information Services
FIS
+$51.4M

Top Sells

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$480M
2
SHW icon
Sherwin-Williams
SHW
+$163M
3
GWRE icon
Guidewire Software
GWRE
+$119M
4
ADSK icon
Autodesk
ADSK
+$74.8M
5
MSFT icon
Microsoft
MSFT
+$53.3M

Sector Composition

Rank Sector Weight
1 Technology 22.68%
2 Communication Services 22.35%
3 Industrials 14.4%
4 Consumer Discretionary 11.27%
5 Financials 5.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$805M 14.13%
2,500,000
– –
CHTR icon
2
Charter Communications
CHTR
$16.2B
$770M 13.51%
1,586,408
-1,043,972
-40% -$480M
FIS icon
3
Fidelity National Information Services
FIS
$21.7B
$497M 8.73%
3,575,235
+383,416
+12% +$51.4M
MSFT icon
4
Microsoft
MSFT
$2.93T
$352M 6.18%
2,231,151
-362,897
-14% -$53.3M
TDG icon
5
TransDigm Group
TDG
$67.9B
$347M 6.1%
620,105
-63,615
-9% -$34.8M
AMZN icon
6
Amazon
AMZN
$2.66T
$311M 5.47%
3,370,360
+293,360
+10% +$26M
SHW icon
7
Sherwin-Williams
SHW
$81.7B
$293M 5.15%
1,508,271
-853,323
-36% -$163M
TMO icon
8
Thermo Fisher Scientific
TMO
$198B
$267M 4.69%
821,795
-88,162
-10% -$26.7M
BA icon
9
Boeing
BA
$169B
$255M 4.48%
+783,467
New +$277M
ADSK icon
10
Autodesk
ADSK
$46.1B
$255M 4.47%
1,388,743
-461,315
-25% -$74.8M
CNI icon
11
Canadian National Railway
CNI
$78.3B
$217M 3.8%
+2,394,788
New +$215M
MCO icon
12
Moody's
MCO
$89.2B
$173M 3.04%
729,954
-2,977
-0.4% -$662K
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.22T
$171M 3%
2,558,440
-73,060
-3% -$4.71M
EA icon
14
Electronic Arts
EA
$52.4B
$168M 2.94%
1,559,697
+199,402
+15% +$19.8M
MAR icon
15
Marriott International
MAR
$96.6B
$166M 2.91%
1,095,788
+376,538
+52% +$50.4M
GOOGL icon
16
Alphabet (Google) Class A
GOOGL
$4.23T
$165M 2.89%
2,459,560
-742,360
-23% -$47.9M
QSR icon
17
Restaurant Brands International
QSR
$26B
$164M 2.89%
2,579,338
+394,365
+18% +$26.4M
SPGI icon
18
S&P Global
SPGI
$133B
$127M 2.23%
464,744
-1,927
-0.4% -$501K
CRM icon
19
Salesforce
CRM
$140B
$126M 2.22%
+776,736
New +$122M
MIME
20
DELISTED
Mimecast Limited
MIME
$61M 1.07%
+1,406,819
New +$58.5M
SPY icon
21
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$1.13M 0.02%
3,500
-75,705
-96% -$23.3M
CPAY icon
22
Corpay
CPAY
$23.9B
$418K 0.01%
+1,454
New +$429K
EVRG icon
23
Evergy
EVRG
$19.7B
$337K 0.01%
+5,183
New +$331K
VRSK icon
24
Verisk Analytics
VRSK
$26.3B
$335K 0.01%
+2,244
New +$332K
HLT icon
25
Hilton Worldwide
HLT
$73.1B
$314K 0.01%
+2,828
New +$284K
1
2

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HI
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CCM
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WBG
Wharton Business Group Malvern, Pennsylvania $2.65B AUM 20.73% 1-Year Est. Return
PCIG
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BCV
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ACIM
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PCA
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NIG
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Meritage Group's Q4 2019 Portfolio in Review

As of Q4 2019, Meritage Group held 38 positions worth $5.7B, up 6.5% from $5.35B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Meritage Group withdrew a net $178M in Q4 2019, closing 1 position and reducing 11 holdings. Its most notable exit was Guidewire Software, an estimated $119M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Meritage Group opened a new position in Boeing worth $255M.

  • Meritage Group's largest Q4 2019 buy was Boeing: 783,467 shares worth $255M.
  • Meritage Group added most to Fidelity National Information Services in Q4 2019, an estimated $51.4M increase.
  • Meritage Group's biggest Q4 2019 reduction was Charter Communications, cutting an estimated $480M.
  • Meritage Group fully exited Guidewire Software in Q4 2019, selling an estimated $119M.
  • Meritage Group's ten largest holdings make up 73% of its $5.7B portfolio in Q4 2019.
  • Meritage Group opened 19 new positions and closed 1 in Q4 2019.
  • Meritage Group's portfolio value rose 6.5% quarter-over-quarter to $5.7B.

Based on Meritage Group's 13F filing for Q4 2019, filed 14 Feb 2020.