MG
Meritage Group LP 13F Disclosure (Q2 2026) — Portfolio & Holdings
Meritage Group LPCIK: 0001427119
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$2.6B
Reporting period: 2026-06-30 · Number of holdings: 12
Meritage Group LP disclosed 12 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.6B and a quarterly turnover rate of 20.2%.
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Personality snowflake
- Concentration
- 42.73
- Portfolio Stability
- 20.17
- Momentum
- 100
- Sector conviction
- 90.34
- Diversification
- 24
- Sizing Uniformity
- 94.45
Meritage Group LP's disclosed holdings carry a Herfindahl concentration index of 0.107 — mathematically equivalent to about 9 equally-sized positions, close to its 12 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.55), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy META
Sold out PCOR
Trim MSCI
-32.4% -$65.1M
Sold out SPY
Add COF
+0.6% $25.6M
Add CSGP
+62.0% $18.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 18.38% | +0.63% | +0.64% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 14.17% | -0.41% | -16.85% | |
| 3 | COF | Capital One Financial CORP | Stock-Financials | 10.22% | +1.18% | +0.64% | |
| 4 | TRU | Transunion | Stock-Financials | 10.16% | +0.68% | +0.64% | |
| 5 | AON | Aon plc | Stock-Financials | 8.75% | +0.47% | +0.64% | |
| 6 | SPGI | S&p Global Inc | Stock-Financials | 7.97% | -0.13% | +0.64% | |
| 7 | WDAY | Workday Inc-class A | Stock-Tech | 7.71% | -0.25% | +0.64% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 6.22% | +6.22% | NEW | |
| 9 | MSCI | Msci Inc | Stock-Financials | 5.93% | -2.33% | -32.39% | |
| 10 | CSGP | Costar Group Inc | Stock-Real Estate | 5.89% | +0.82% | +62.04% | |
| 11 | TOST | Toast Inc-class A | Stock-Tech | 3.68% | +0.27% | +0.64% | |
| 12 | EFX | Equifax Inc | Stock-Industrials | 0.95% | -0.10% | +0.64% |
Portfolio Performance
Performance for Q3 2026
+12.4%
Performance Last 4 Quarters
+3.2%
- Stdev
- +20.8%
- Beta
- +1.19
- Alpha
- -9.7%
- Max Drawdown
- -18.1%
- Annualized Perf
- +12.7%
- Batting Avg vs S&P
- +27.8%
- Sortino
- +1.23
- Stutzer
- +0.2
- Treynor
- +0.12
- Sterling
- +0.58
- Calmar
- +0.7
- Information Ratio
- -0.42
- Tracking Error
- +14.2%
- Stdev Down
- +11.4%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +46.8%
- Worst 12 Months
- -14.5%
- Efficiency Ratio
- +0.24
- Sharpe
- +0.68
- Stdev Sectors
- +15%
- Skewness
- +0.37
- Kurtosis
- -0.39
- Upside Potential
- +3.17
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 12 | $2.6B | 20 | ||
| 2026 Q1 | 13 | $2.7B | 67 | ||
| 2025 Q4 | 10 | $3.2B | 13 | ||
| 2025 Q3 | 11 | $3.5B | 56 | ||
| 2025 Q2 | 13 | $3.7B | 0 | ||
| 2025 Q1 | 17 | $3.6B | 100 | ||
| 2024 Q4 | 20 | $4.2B | 0 | ||
| 2024 Q3 | 22 | $4.3B | 0 | ||
| 2024 Q2 | 60 | $3.9B | 0 | ||
| 2024 Q1 | 57 | $4.2B | 0 | ||
| 2023 Q4 | 55 | $4.3B | 0 | ||
| 2023 Q3 | 50 | $4.2B | 0 | ||
| 2023 Q2 | 51 | $3.6B | 0 | ||
| 2023 Q1 | 51 | $3.3B | 0 | ||
| 2022 Q4 | 41 | $2.9B | 0 | ||
| 2022 Q3 | 35 | $3.3B | 0 | ||
| 2022 Q2 | 36 | $3.5B | 0 | ||
| 2022 Q1 | 33 | $6.4B | 0 | ||
| 2021 Q4 | 32 | $5.9B | 0 | ||
| 2021 Q3 | 35 | $5.1B | 0 | ||
| 2021 Q2 | 34 | $5.3B | 100 | ||
| 2021 Q1 | 35 | $5.2B | 28 | ||
| 2020 Q4 | 37 | $5.1B | 25 | ||
| 2020 Q3 | 30 | $5.3B | 18 | ||
| 2020 Q2 | 29 | $4.7B | 50 | ||
| 2020 Q1 | 36 | $3.7B | 58 | ||
| 2019 Q4 | 37 | $5.7B | 30 | ||
| 2019 Q3 | 19 | $5.3B | 18 | ||
| 2019 Q2 | 21 | $5.7B | 29 | ||
| 2019 Q1 | 19 | $4.7B | 30 | ||
| 2018 Q4 | 20 | $4.2B | 53 | ||
| 2018 Q3 | 24 | $6.4B | 30 | ||
| 2018 Q2 | 25 | $6.0B | 25 | ||
| 2018 Q1 | 21 | $5.7B | 17 | ||
| 2017 Q4 | 18 | $6.0B | 18 | ||
| 2017 Q3 | 17 | $5.5B | 52 | ||
| 2017 Q2 | 17 | $4.1B | 29 | ||
| 2017 Q1 | 20 | $3.9B | 59 | ||
| 2016 Q4 | 80 | $3.7B | 58 | ||
| 2016 Q3 | 26 | $3.8B | 26 | ||
| 2016 Q2 | 25 | $3.8B | 63 | ||
| 2016 Q1 | 28 | $4.4B | 49 | ||
| 2015 Q4 | 27 | $4.0B | 44 | ||
| 2015 Q3 | 30 | $4.4B | 43 | ||
| 2015 Q2 | 31 | $4.5B | 36 | ||
| 2015 Q1 | 27 | $4.1B | 50 | ||
| 2014 Q4 | 31 | $4.8B | 44 | ||
| 2014 Q3 | 34 | $5.2B | 30 | ||
| 2014 Q2 | 31 | $4.9B | 50 | ||
| 2014 Q1 | 25 | $4.3B | 39 | ||
| 2013 Q4 | 29 | $3.9B | 53 | ||
| 2013 Q3 | 28 | $3.5B | 37 | ||
| 2013 Q2 | 29 | $3.4B | — |
Holding changes this quarter
Meritage Group LP's most significant position changes for 2026-06-30: New buy: Meta Platforms Inc-class A (META); Sold out: Procore Technologies Inc (PCOR); Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); Trim: Msci Inc (MSCI) — shares -32.39%; Add: Capital One Financial CORP (COF) — shares +0.64%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +6.2% | NEW | New buy |
| 2 | COF | Capital One Financial CORP | +1.2% | +0.64% | Add |
| 3 | CSGP | Costar Group Inc | +0.8% | +62.04% | Add |
| 4 | TRU | Transunion | +0.7% | +0.64% | Add |
| 5 | MSFT | Microsoft CORP | +0.6% | +0.64% | Add |
| 6 | AON | Aon plc | +0.5% | +0.64% | Add |
| 7 | TOST | Toast Inc-class A | +0.3% | +0.64% | Add |
| 8 | EFX | Equifax Inc | -0.1% | +0.64% | Add |
| 9 | SPGI | S&p Global Inc | -0.1% | +0.64% | Add |
| 10 | WDAY | Workday Inc-class A | -0.3% | +0.64% | Add |
| 11 | AMZN | Amazon.com Inc | -0.4% | -16.85% | Trim |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.3% | EXIT | Sold out |
| 13 | MSCI | Msci Inc | -2.3% | -32.39% | Trim |
| 14 | PCOR | Procore Technologies Inc | -5.8% | EXIT | Sold out |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Meritage Group LP and what type of investor is it?
Meritage Group LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 12 disclosed positions.
What are Meritage Group LP's largest equity positions?
Based on the latest 13F filing, Meritage Group LP's top holdings by market value are:
1. Microsoft CORP (MSFT) — $477.0M (18.4%)
2. Amazon.com Inc (AMZN) — $367.6M (14.2%)
3. Capital One Financial CORP (COF) — $265.1M (10.2%)
4. Transunion (TRU) — $263.8M (10.2%)
5. Aon plc (AON) — $227.0M (8.8%)
What changes did Meritage Group LP make in its most recent portfolio filing?
In the latest reported quarter, Meritage Group LP made 14 notable position adjustments: 1 new positions were initiated, 9 existing holdings were added to, 2 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Meta Platforms Inc-class A (META); Sold out: Procore Technologies Inc (PCOR); Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); Trim: Msci Inc (MSCI) — shares -32.39%; Add: Capital One Financial CORP (COF) — shares +0.64%
What sectors does Meritage Group LP focus on?
Meritage Group LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 43.0%
• Information Technology: 29.8%
• Consumer Discretionary: 14.2%
• Communication Services: 6.2%
• Real Estate: 5.9%
• Industrials: 0.9%
Investment Profile
Meritage Group LP returned an annualized 12.7% over the trailing 36 months — underperforming the S&P 500 by 9.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.19 (more volatile than the market) and a 28% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 43.0% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 20 over the past 4 quarters — a shift toward more active trading.
It has trimmed its WDAY position for two straight quarters, cutting it by $146.4M while still holding $200.0M.
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Developer Access
Access Meritage Group LP's institutional profile programmatically:
REST API
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