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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
-14.11%
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
$3.68B
AUM Growth
-$2.02B
Cap. Flow
-$1.36B
Cap. Flow %
-37.1%
Top 10 Hldgs %
78.91%
Holding
45
New
8
Increased
19
Reduced
8
Closed
9

Top Buys

Rank Stock Value
1
IQV icon
IQVIA
IQV
+$215M
2
CHTR icon
Charter Communications
CHTR
+$138M
3
QSR icon
Restaurant Brands International
QSR
+$127M
4
STZ icon
Constellation Brands
STZ
+$98.1M
5
FIS icon
Fidelity National Information Services
FIS
+$62.7M

Top Sells

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$267M
2
BA icon
Boeing
BA
+$255M
3
EA icon
Electronic Arts
EA
+$168M
4
MAR icon
Marriott International
MAR
+$166M
5
MSFT icon
Microsoft
MSFT
+$110M

Sector Composition

Rank Sector Weight
1 Communication Services 30.51%
2 Technology 28.99%
3 Consumer Discretionary 12.68%
4 Industrials 9.48%
5 Financials 6.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
1
Charter Communications
CHTR
$16.4B
$815M 22.17%
1,869,030
+282,622
+18% +$138M
FIS icon
2
Fidelity National Information Services
FIS
$22B
$490M 13.31%
4,026,437
+451,202
+13% +$62.7M
AMZN icon
3
Amazon
AMZN
$2.69T
$273M 7.43%
2,802,460
-567,900
-17% -$55M
MSFT icon
4
Microsoft
MSFT
$2.98T
$246M 6.7%
1,562,213
-668,938
-30% -$110M
QSR icon
5
Restaurant Brands International
QSR
$26.8B
$193M 5.24%
4,817,857
+2,238,519
+87% +$127M
CNI icon
6
Canadian National Railway
CNI
$77.8B
$188M 5.1%
2,400,949
+6,161
+0.3% +$537K
SHW icon
7
Sherwin-Williams
SHW
$83.4B
$186M 5.06%
1,216,038
-292,233
-19% -$52.7M
MCO icon
8
Moody's
MCO
$90.7B
$186M 5.06%
879,541
+149,587
+20% +$36.4M
GOOG icon
9
Alphabet (Google) Class C
GOOG
$4.32T
$163M 4.44%
2,808,900
+250,460
+10% +$17M
IQV icon
10
IQVIA
IQV
$35.1B
$162M 4.41%
+1,503,377
New +$215M
TDG icon
11
TransDigm Group
TDG
$68.9B
$160M 4.35%
499,983
-120,122
-19% -$65.4M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$4.33T
$143M 3.89%
2,465,960
+6,400
+0.3% +$434K
CRM icon
13
Salesforce
CRM
$141B
$143M 3.88%
991,139
+214,403
+28% +$36.8M
ADSK icon
14
Autodesk
ADSK
$45.8B
$124M 3.36%
791,231
-597,512
-43% -$110M
STZ icon
15
Constellation Brands
STZ
$23.2B
$79.7M 2.17%
+555,827
New +$98.1M
MIME
16
DELISTED
Mimecast Limited
MIME
$63.3M 1.72%
1,793,934
+387,115
+28% +$16.7M
SPGI icon
17
S&P Global
SPGI
$135B
$44.8M 1.22%
182,843
-281,901
-61% -$77.3M
SPY icon
18
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$12.9M 0.35%
50,110
+46,610
+1,332% +$14.2M
NI icon
19
NiSource
NI
$22.2B
$482K 0.01%
19,309
+8,793
+84% +$243K
HSIC icon
20
Henry Schein
HSIC
$10.1B
$431K 0.01%
8,537
+4,953
+138% +$314K
XRAY icon
21
Dentsply Sirona
XRAY
$2.77B
$366K 0.01%
+9,428
New +$480K
CPAY icon
22
Corpay
CPAY
$24.3B
$366K 0.01%
1,964
+510
+35% +$141K
AWK icon
23
American Water Works
AWK
$26.2B
$365K 0.01%
3,052
+602
+25% +$77.7K
SLG icon
24
SL Green Realty
SLG
$3.68B
$365K 0.01%
+8,737
New +$681K
NWSA icon
25
News Corp Class A
NWSA
$15.6B
$364K 0.01%
+40,585
New +$512K
1
2

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WBG
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Meritage Group's Q1 2020 Portfolio in Review

As of Q1 2020, Meritage Group held 45 positions worth $3.68B, down 35% from $5.7B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Meritage Group withdrew a net $1.36B in Q1 2020, closing 9 positions and reducing 8 holdings. Its most notable exit was Thermo Fisher Scientific, an estimated $267M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Meritage Group opened a new position in IQVIA worth $162M.

  • Meritage Group's largest Q1 2020 buy was IQVIA: 1,503,377 shares worth $162M.
  • Meritage Group added most to Charter Communications in Q1 2020, an estimated $138M increase.
  • Meritage Group's biggest Q1 2020 reduction was Microsoft, cutting an estimated $110M.
  • Meritage Group fully exited Thermo Fisher Scientific in Q1 2020, selling an estimated $267M.
  • Meritage Group's ten largest holdings make up 79% of its $3.68B portfolio in Q1 2020.
  • Meritage Group opened 8 new positions and closed 9 in Q1 2020.
  • Meritage Group's portfolio value fell 35% quarter-over-quarter to $3.68B.

Based on Meritage Group's 13F filing for Q1 2020, filed 14 May 2020.