Latest Meritage Group LP Stock Portfolio
$4.25Billion– No. of Holdings #57
Meritage Group LP Performance:
2024 Q1: 12.53%YTD: 12.53%2023: 44.08%
Performance for 2024 Q1 is 12.53%, and YTD is 12.53%, and 2023 is 44.08%.
About Meritage Group LP and 13F Hedge Fund Stock Holdings
Meritage Group LP is a hedge fund based in SAN FRANCISCO, CA. On 06-Jul-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $13 Billions. In it's latest 13F Holdings report, Meritage Group LP reported an equity portfolio of $4.2 Billions as of 31 Mar, 2024.
The top stock holdings of Meritage Group LP are GE, TRU, WDAY. The fund has invested 13.2% of it's portfolio in GENERAL ELECTRIC CO and 9.7% of portfolio in TRANSUNION.
The fund managers got completely rid off SHERWIN WILLIAMS CO (SHW), PROGRESSIVE CORP (PGR) and DANAHER CORPORATION (DHR) stocks. They significantly reduced their stock positions in SALESFORCE INC (CRM), SPDR S&P 500 ETF TR (SPY) and TRANSDIGM GROUP INC (TDG). Meritage Group LP opened new stock positions in AON PLC (AON), CRH PLC (CRH) and PROCORE TECHNOLOGIES INC (PCOR). The fund showed a lot of confidence in some stocks as they added substantially to DOLLAR TREE INC (DLTR), TOAST INC (TOST) and XCEL ENERGY INC (XEL).
The top stock holdings of Meritage Group LP are GE, TRU, WDAY. The fund has invested 13.2% of it's portfolio in GENERAL ELECTRIC CO and 9.7% of portfolio in TRANSUNION.
The fund managers got completely rid off SHERWIN WILLIAMS CO (SHW), PROGRESSIVE CORP (PGR) and DANAHER CORPORATION (DHR) stocks. They significantly reduced their stock positions in SALESFORCE INC (CRM), SPDR S&P 500 ETF TR (SPY) and TRANSDIGM GROUP INC (TDG). Meritage Group LP opened new stock positions in AON PLC (AON), CRH PLC (CRH) and PROCORE TECHNOLOGIES INC (PCOR). The fund showed a lot of confidence in some stocks as they added substantially to DOLLAR TREE INC (DLTR), TOAST INC (TOST) and XCEL ENERGY INC (XEL).
Meritage Group LP Equity Portfolio Value
Last Reported on: 13 May, 2024
Meritage Group LP Annual Return Estimates Vs S&P 500
Our best estimate is that Meritage Group LP made a return of 12.53% in the last quarter. In trailing 12 months, it's portfolio return was 42.2%.
New Buys
| Ticker | $ Bought |
|---|---|
| aon plc | 258,471,000 |
| crh plc | 139,367,000 |
| procore technologies inc | 106,738,000 |
| mgm resorts international | 327,000 |
| expeditors intl wash inc | 316,000 |
| humana inc | 298,000 |
| intel corp | 296,000 |
| tyson foods inc | 283,000 |
New stocks bought by Meritage Group LP
Additions
| Ticker | % Inc. |
|---|---|
| dollar tree inc | 43.84 |
| toast inc | 37.33 |
| xcel energy inc | 32.72 |
| workday inc | 27.55 |
| verisign inc | 24.14 |
| stanley black & decker inc | 23.72 |
| newmont corp | 23.7 |
| alphabet inc | 23.63 |
Additions to existing portfolio by Meritage Group LP
Reductions
| Ticker | % Reduced |
|---|---|
| salesforce inc | -91.63 |
| spdr s&p 500 etf tr | -82.77 |
| transdigm group inc | -49.74 |
| merck & co inc | -25.76 |
| southwest airls co | -24.46 |
| msci inc | -19.19 |
| general electric co | -16.7 |
| alphabet inc | -11.86 |
Meritage Group LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| sherwin williams co | -353,505,000 |
| progressive corp | -168,300,000 |
| danaher corporation | -151,615,000 |
| blackline inc | -22,354,000 |
| baker hughes company | -236,000 |
| dupont de nemours inc | -280,000 |
| carmax inc | -266,000 |
| live nation entertainment in | -272,000 |
Meritage Group LP got rid off the above stocks
Sector Distribution
Meritage Group LP has about 39.4% of it's holdings in Industrials sector.
| Sector | % |
|---|---|
| Industrials | 39.4 |
| Technology | 26.6 |
| Healthcare | 15 |
| Consumer Cyclical | 7 |
| Financial Services | 6.1 |
| Others | 3.5 |
| Basic Materials | 1.4 |
| Consumer Defensive | 1.1 |
Market Cap. Distribution
Meritage Group LP has about 91.1% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 83.5 |
| MEGA-CAP | 7.6 |
| MID-CAP | 4.1 |
| UNALLOCATED | 3.5 |
| SMALL-CAP | 1.4 |
Stocks belong to which Index?
About 65.9% of the stocks held by Meritage Group LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 64.5 |
| Others | 34.1 |
| RUSSELL 2000 | 1.4 |
Meritage Group LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Meritage Group LP
Meritage Group LP has 57 stocks in it's portfolio. About 76.7% of the portfolio is in top 10 stocks. WDAY proved to be the most loss making stock for the portfolio. GE was the most profitable stock for Meritage Group LP last quarter.
Last Reported on: 13 May, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| A | agilent technologies inc | 7.42 | 2,166,130 | 315,194,000 | added | 2.33 | ||
| ADI | analog devices inc | 5.33 | 1,144,250 | 226,321,000 | added | 2.33 | ||
| ADSK | autodesk inc | 5.21 | 849,593 | 221,251,000 | added | 2.33 | ||
| ALL | allstate corp | 0.01 | 1,580 | 273,000 | new | |||
| AMZN | amazon com inc | 6.95 | 1,636,980 | 295,279,000 | added | 2.33 | ||
| AON | aon plc | 6.09 | 774,514 | 258,471,000 | new | |||
| ATO | atmos energy corp | 0.01 | 2,740 | 326,000 | added | 0.26 | ||
| BIO | bio rad labs inc | 0.01 | 756 | 261,000 | reduced | -7.47 | ||
| BK | bank new york mellon corp | 0.01 | 4,726 | 272,000 | reduced | -6.97 | ||
| BKR | baker hughes company | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BL | blackline inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CHD | church & dwight co inc | 0.01 | 3,107 | 324,000 | reduced | -9.34 | ||
| CHRW | c h robinson worldwide inc | 0.01 | 4,327 | 329,000 | added | 19.43 | ||
| CINF | cincinnati finl corp | 0.01 | 2,280 | 283,000 | reduced | -7.92 | ||
| CLX | clorox co del | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CP | canadian pacific kansas city | 5.58 | 2,685,670 | 236,891,000 | added | 2.33 | ||
| CRH | crh plc | 3.28 | 1,615,660 | 139,367,000 | new | |||
| CRL | charles riv labs intl inc | 7.54 | 1,182,270 | 320,336,000 | added | 2.33 | ||
| CRM | salesforce inc | 0.62 | 87,337 | 26,304,000 | reduced | -91.63 | ||
| DD | dupont de nemours inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||