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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
+0.32%
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
$5.08B
AUM Growth
-$258M
Cap. Flow
-$289M
Cap. Flow %
-5.7%
Top 10 Hldgs %
85.32%
Holding
46
New
12
Increased
4
Reduced
18
Closed
11

Top Buys

1
ZEN
ZENDESK INC
ZEN
+$215M
2
CP icon
Canadian Pacific Kansas City
CP
+$212M
3
RKLB icon
Rocket Lab Corp
RKLB
+$4.81M
4
PBCT
People's United Financial Inc
PBCT
+$510K
5
AWK icon
American Water Works
AWK
+$491K

Top Sells

1
CNI icon
Canadian National Railway
CNI
+$231M
2
AON icon
Aon
AON
+$201M
3
CHTR icon
Charter Communications
CHTR
+$103M
4
MCO icon
Moody's
MCO
+$87.2M
5
STZ icon
Constellation Brands
STZ
+$34.1M

Sector Composition

1 Technology 39.15%
2 Communication Services 28.61%
3 Consumer Discretionary 15.04%
4 Industrials 12.04%
5 Financials 5.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
1
Salesforce
CRM
$141B
$657M 12.94%
2,421,421
-41,661
-2% -$10.6M
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.32T
$637M 12.55%
4,780,900
-82,380
-2% -$11.4M
CHTR icon
3
Charter Communications
CHTR
$16.4B
$620M 12.21%
851,486
-135,215
-14% -$103M
QSR icon
4
Restaurant Brands International
QSR
$26.8B
$475M 9.35%
7,757,120
-133,867
-2% -$8.58M
FIS icon
5
Fidelity National Information Services
FIS
$22B
$456M 8.98%
3,746,371
-63,913
-2% -$8.57M
TDG icon
6
TransDigm Group
TDG
$68.9B
$409M 8.06%
655,016
-11,217
-2% -$7.01M
AMZN icon
7
Amazon
AMZN
$2.69T
$288M 5.68%
1,754,740
-26,260
-1% -$4.53M
WDAY icon
8
Workday
WDAY
$35.9B
$279M 5.51%
1,118,061
-19,292
-2% -$4.78M
MCO icon
9
Moody's
MCO
$90.7B
$258M 5.08%
725,781
-231,443
-24% -$87.2M
MSFT icon
10
Microsoft
MSFT
$2.98T
$252M 4.96%
893,065
-15,247
-2% -$4.44M
NFLX icon
11
Netflix
NFLX
$313B
$195M 3.84%
3,193,630
-55,420
-2% -$3.05M
CP icon
12
Canadian Pacific Kansas City
CP
$82.5B
$194M 3.83%
+2,976,101
New +$212M
ZEN
13
DELISTED
ZENDESK INC
ZEN
$194M 3.82%
+1,666,354
New +$215M
MIME
14
DELISTED
Mimecast Limited
MIME
$149M 2.94%
2,343,137
-40,191
-2% -$2.46M
RKLB icon
15
Rocket Lab Corp
RKLB
$42.1B
$6.45M 0.13%
+400,000
New +$4.81M
VNO icon
16
Vornado Realty Trust
VNO
$7.67B
$590K 0.01%
14,039
+9,282
+195% +$400K
PBCT
17
DELISTED
People's United Financial Inc
PBCT
$549K 0.01%
+31,400
New +$510K
AWK icon
18
American Water Works
AWK
$26.2B
$475K 0.01%
+2,810
New +$491K
REG icon
19
Regency Centers
REG
$15.1B
$467K 0.01%
6,932
+1,158
+20% +$76.7K
BRK.B icon
20
Berkshire Hathaway Class B
BRK.B
$1.06T
$456K 0.01%
1,670
+749
+81% +$210K
VRSK icon
21
Verisk Analytics
VRSK
$26.4B
$449K 0.01%
2,244
– –
EG icon
22
Everest Group
EG
$14.8B
$404K 0.01%
1,611
-582
-27% -$149K
CNI icon
23
Canadian National Railway
CNI
$77.8B
$399K 0.01%
3,437
-2,088,473
-100% -$231M
NWSA icon
24
News Corp Class A
NWSA
$15.6B
$346K 0.01%
14,707
+3,299
+29% +$78.1K
BIO icon
25
Bio-Rad Laboratories Class A
BIO
$8.05B
$340K 0.01%
456
-415
-48% -$311K
1
2

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CCM
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WBG
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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 Q3 2021 Portfolio in Review

As of Q3 2021, Meritage Group held 46 positions worth $5.08B, down 4.8% from $5.33B the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Meritage Group withdrew a net $289M in Q3 2021, closing 11 positions and reducing 18 holdings. Its most notable exit was Aon, an estimated $201M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Meritage Group opened a new position in ZENDESK INC worth $194M.

  • Meritage Group's largest Q3 2021 buy was ZENDESK INC: 1,666,354 shares worth $194M.
  • Meritage Group added most to Vornado Realty Trust in Q3 2021, an estimated $400K increase.
  • Meritage Group's biggest Q3 2021 reduction was Canadian National Railway, cutting an estimated $231M.
  • Meritage Group fully exited Aon in Q3 2021, selling an estimated $201M.
  • Meritage Group's ten largest holdings make up 85% of its $5.08B portfolio in Q3 2021.
  • Meritage Group opened 12 new positions and closed 11 in Q3 2021.
  • Meritage Group's portfolio value fell 4.8% quarter-over-quarter to $5.08B.

Based on Meritage Group's 13F filing for Q3 2021, filed 15 Nov 2021.