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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
+2.32%
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
$3.5B
AUM Growth
-$148M
Cap. Flow
-$219M
Cap. Flow %
-6.25%
Top 10 Hldgs %
98.76%
Holding
14
New
1
Increased
2
Reduced
1
Closed
3

Top Buys

1
MSCI icon
MSCI
MSCI
+$58.8M
2
WDAY icon
Workday
WDAY
+$47.8M
3
EFX icon
Equifax
EFX
+$42.6M

Top Sells

1
ABNB icon
Airbnb
ABNB
+$167M
2
ADI icon
Analog Devices
ADI
+$94.7M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$65.5M
4
TRU icon
TransUnion
TRU
+$40.9M

Sector Composition

1 Financials 33.88%
2 Technology 32.54%
3 Consumer Discretionary 27.47%
4 Healthcare 4.86%
5 Industrials 1.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.93T
$583M 16.63%
1,124,698
– –
AMZN icon
2
Amazon
AMZN
$2.66T
$496M 14.16%
2,258,356
– –
COF icon
3
Capital One
COF
$128B
$493M 14.07%
2,318,833
– –
TRU icon
4
TransUnion
TRU
$15.4B
$458M 13.08%
5,468,063
-450,259
-8% -$40.9M
WDAY icon
5
Workday
WDAY
$35.8B
$359M 10.24%
1,489,253
+206,821
+16% +$47.8M
SGI
6
Somnigroup International
SGI
$15.3B
$256M 7.31%
3,036,205
– –
MSCI icon
7
MSCI
MSCI
$45.8B
$236M 6.73%
415,308
+103,993
+33% +$58.8M
QSR icon
8
Restaurant Brands International
QSR
$26B
$210M 6.01%
3,280,877
– –
PCOR icon
9
Procore
PCOR
$6.93B
$199M 5.68%
2,727,718
– –
A icon
10
Agilent Technologies
A
$37.1B
$170M 4.86%
1,325,963
– –
EFX icon
11
Equifax
EFX
$21.1B
$43.5M 1.24%
+169,633
New +$42.6M
ABNB icon
12
Airbnb
ABNB
$86.6B
– –
-1,261,608
Closed -$167M
ADI icon
13
Analog Devices
ADI
$183B
– –
-397,768
Closed -$94.7M
SPY icon
14
State Street SPDR S&P 500 ETF Trust
SPY
$774B
– –
-106,022
Closed -$65.5M

Similar funds

HI
Helikon Investments London, United Kingdom $2.65B AUM 79.03% 1-Year Est. Return
CCM
Cerberus Capital Management New York $2.65B AUM 20.18% 1-Year Est. Return
WBG
Wharton Business Group Malvern, Pennsylvania $2.65B AUM 20.73% 1-Year Est. Return
PCIG
Partners Capital Investment Group Boston, Massachusetts $2.65B AUM 16.42% 1-Year Est. Return
BCV
Banque Cantonale Vaudoise Lausanne, Switzerland $2.66B AUM 26.89% 1-Year Est. Return
ACIM
Azimuth Capital Investment Management Bloomfield Hills, Michigan $2.66B AUM 22.87% 1-Year Est. Return
PCA
Pallas Capital Advisors Braintree, Massachusetts $2.66B AUM 22.31% 1-Year Est. Return
NIG
NFJ Investment Group Dallas, Texas $2.64B AUM 23.86% 1-Year Est. Return

Meritage Group's Q3 2025 Portfolio in Review

As of Q3 2025, Meritage Group held 14 positions worth $3.5B, down 4.1% from $3.65B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Meritage Group withdrew a net $219M in Q3 2025, closing 3 positions and reducing 1 holding. Its most notable exit was Airbnb, an estimated $167M position sold in full.

By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 33% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Meritage Group opened a new position in Equifax worth $43.5M.

  • Meritage Group's largest Q3 2025 buy was Equifax: 169,633 shares worth $43.5M.
  • Meritage Group added most to MSCI in Q3 2025, an estimated $58.8M increase.
  • Meritage Group's biggest Q3 2025 reduction was TransUnion, cutting an estimated $40.9M.
  • Meritage Group fully exited Airbnb in Q3 2025, selling an estimated $167M.
  • Meritage Group's ten largest holdings make up 99% of its $3.5B portfolio in Q3 2025.
  • Meritage Group opened 1 new position and closed 3 in Q3 2025.
  • Meritage Group's portfolio value fell 4.1% quarter-over-quarter to $3.5B.

Based on Meritage Group's 13F filing for Q3 2025, filed 13 Nov 2025.