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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
+10.39%
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
$3.59B
AUM Growth
+$284M
Cap. Flow
-$62M
Cap. Flow %
-1.73%
Top 10 Hldgs %
81.56%
Holding
67
New
16
Increased
12
Reduced
22
Closed
16

Top Buys

Rank Stock Value
1
PGR icon
Progressive
PGR
+$233M
2
UNP icon
Union Pacific
UNP
+$227M
3
TRU icon
TransUnion
TRU
+$225M
4
GE icon
GE Aerospace
GE
+$190M
5
AVTR icon
Avantor
AVTR
+$124M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$331M
2
CHTR icon
Charter Communications
CHTR
+$167M
3
CRM icon
Salesforce
CRM
+$163M
4
MCO icon
Moody's
MCO
+$159M
5
MSFT icon
Microsoft
MSFT
+$129M

Sector Composition

Rank Sector Weight
1 Technology 25.29%
2 Industrials 24.77%
3 Financials 13.55%
4 Materials 11.81%
5 Healthcare 9.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SHW icon
1
Sherwin-Williams
SHW
$84.9B
$375M 10.44%
1,410,701
+18,627
+1% +$4.39M
GE icon
2
GE Aerospace
GE
$364B
$350M 9.74%
3,989,607
+2,351,771
+144% +$190M
CRM icon
3
Salesforce
CRM
$154B
$340M 9.48%
1,609,852
-796,536
-33% -$163M
WDAY icon
4
Workday
WDAY
$41.5B
$315M 8.79%
1,396,508
-543,311
-28% -$109M
TDG icon
5
TransDigm Group
TDG
$70.7B
$305M 8.5%
341,403
-4,443
-1% -$3.51M
AMZN icon
6
Amazon
AMZN
$2.44T
$293M 8.17%
2,248,371
-880,798
-28% -$101M
TRU icon
7
TransUnion
TRU
$16.1B
$255M 7.11%
+3,256,050
New +$225M
UNP icon
8
Union Pacific
UNP
$174B
$233M 6.5%
+1,140,017
New +$227M
AVTR icon
9
Avantor
AVTR
$9.82B
$231M 6.45%
11,265,674
+6,123,250
+119% +$124M
PGR icon
10
Progressive
PGR
$128B
$230M 6.4%
+1,734,457
New +$233M
CHTR icon
11
Charter Communications
CHTR
$17.3B
$183M 5.1%
498,156
-489,828
-50% -$167M
ADI icon
12
Analog Devices
ADI
$172B
$124M 3.47%
+638,503
New +$118M
DHR icon
13
Danaher
DHR
$138B
$117M 3.25%
+549,004
New +$116M
FRSH icon
14
Freshworks
FRSH
$3.21B
$54.3M 1.51%
3,090,519
+40,808
+1% +$614K
NCNO icon
15
nCino
NCNO
$2.06B
$52M 1.45%
1,724,775
+22,774
+1% +$580K
PRM icon
16
Perimeter Solutions
PRM
$5.65B
$49.2M 1.37%
8,000,000
– –
DLTR icon
17
Dollar Tree
DLTR
$24.8B
$39.9M 1.11%
277,770
+9,227
+3% +$1.36M
BILL icon
18
BILL Holdings
BILL
$4.72B
$19.6M 0.55%
167,540
-504,801
-75% -$48M
SPY icon
19
State Street SPDR S&P 500 ETF Trust
SPY
$772B
$14.7M 0.41%
33,059
-4,502
-12% -$1.89M
CDW icon
20
CDW
CDW
$18.9B
$298K 0.01%
+1,623
New +$284K
LUV icon
21
Southwest Airlines
LUV
$21.7B
$298K 0.01%
8,227
-208
-2% -$6.52K
CINF icon
22
Cincinnati Financial
CINF
$27.8B
$297K 0.01%
+3,053
New +$315K
BKR icon
23
Baker Hughes
BKR
$58.3B
$296K 0.01%
9,372
-148
-2% -$4.32K
VRSK icon
24
Verisk Analytics
VRSK
$27.9B
$296K 0.01%
1,309
-86
-6% -$18.1K
NTRS icon
25
Northern Trust
NTRS
$21.8B
$295K 0.01%
+3,976
New +$305K
1
2 3

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Meritage Group's Q2 2023 Portfolio in Review

As of Q2 2023, Meritage Group held 67 positions worth $3.59B, up 8.6% from $3.31B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Meritage Group's Q2 2023 filing shows 16 new, 12 increased, 22 reduced and 16 closed positions. Its largest new stake was Progressive: 1,734,457 shares worth $230M. The largest sale was Alphabet (Google) Class C, an estimated $331M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 35% a quarter earlier, followed by Industrials and Financials.

  • Meritage Group's largest Q2 2023 buy was Progressive: 1,734,457 shares worth $230M.
  • Meritage Group added most to GE Aerospace in Q2 2023, an estimated $190M increase.
  • Meritage Group's biggest Q2 2023 reduction was Alphabet (Google) Class C, cutting an estimated $331M.
  • Meritage Group fully exited Moody's in Q2 2023, selling an estimated $159M.
  • Meritage Group's ten largest holdings make up 82% of its $3.59B portfolio in Q2 2023.
  • Meritage Group opened 16 new positions and closed 16 in Q2 2023.
  • Meritage Group's portfolio value rose 8.6% quarter-over-quarter to $3.59B.

Based on Meritage Group's 13F filing for Q2 2023, filed 11 Aug 2023.