Meritage Group LP

CIK

1427119

Location

SAN FRANCISCO, CA

Portfolio Value

Mid $2,650,066,270

Diversification

Diversified

Filing Date

Global Rank

#825 / 8,232 ▼ 50

Top Industry

Financial Data & Stock Exchanges 26.2%

3Y Alpha vs SPY

-11.3%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+31.2%

SPY

+76.3%

Annualised alpha

-11.3%

Max drawdown

−22.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

13 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

17.7%

−1.2 pts

Top 5

59.1%

−11.9 pts

Top 10

94.3%

−5.7 pts

HHI

1,038

Diversified−205

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	43.2%	$1,143,868,919	5
Technology	34.9%	$924,249,489	4
Consumer Cyclical	14.6%	$386,341,891	1
Real Estate	5.1%	$134,292,102	1
Unclassified	1.3%	$33,527,628	1
Industrials	1.0%	$27,786,241	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
AMZN	Amazon Com Inc	+11,999	1,855,005	$386,341,891
WDAY	Workday, Inc.	+10,499	1,623,022	$210,863,018
PCOR	Procore Technologies, Inc.	+8,817	2,678,410	$152,669,370
MSFT	Microsoft Corp	+8,219	1,270,530	$470,312,090
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
TRU	TransUnion	−1,701,618	3,632,870	$251,358,275
COF	Capital One Financial Corp	−523,983	1,313,033	$239,536,610
MSCI	MSCI Inc.	−60,533	406,084	$218,883,336
EFX	Equifax Inc	−11,180	154,308	$27,786,241
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
AON	Aon plc	680,169	$219,544,949
SPGI	S&P Global Inc.	504,410	$214,545,749
CSGP	Costar Group, Inc.	3,329,006	$134,292,102
TOST	Toast, Inc.	3,410,223	$90,405,011
SPY	Spdr S&P 500 ETF Trust	51,554	$33,527,628
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
QSR	Restaurant Brands International Inc.	3,200,731	$218,385,876
SGI	Somnigroup International Inc.	2,403,651	$214,597,961
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $2,650,066,270 total · as of Mar 31, 2026

All sectors Consumer Cyclical Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	1,270,530	+8,219	$470,312,090	−23.0%	17.75%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,855,005	+11,999	$386,341,891	−9.2%	14.58%
TRU	TransUnion Financial Services	Reduced	3,632,870	-1,701,618	$251,358,275	−45.1%	9.48%
COF	Capital One Financial Corp Financial Services	Reduced	1,313,033	-523,983	$239,536,610	−46.2%	9.04%
AON	Aon plc Financial Services	NEW	680,169	NEW	$219,544,949	NEW	8.28%
MSCI	MSCI Inc. Financial Services	Reduced	406,084	-60,533	$218,883,336	−18.2%	8.26%
SPGI	S&P Global Inc. Financial Services	NEW	504,410	NEW	$214,545,749	NEW	8.10%
WDAY	Workday, Inc. Technology	Added	1,623,022	+10,499	$210,863,018	−39.1%	7.96%
PCOR	Procore Technologies, Inc. Technology	Added	2,678,410	+8,817	$152,669,370	−21.4%	5.76%
CSGP	Costar Group, Inc. Real Estate	NEW	3,329,006	NEW	$134,292,102	NEW	5.07%
TOST	Toast, Inc. Technology	NEW	3,410,223	NEW	$90,405,011	NEW	3.41%
SPY	Spdr S&P 500 ETF Trust	NEW	51,554	NEW	$33,527,628	NEW	1.27%
EFX	Equifax Inc Industrials	Reduced	154,308	-11,180	$27,786,241	−22.6%	1.05%