Meritage Group LP
SAN FRANCISCO, CA
$2.6bn in 12 US stocks at the end of 30 June 2026. The top 10 are 95.4% of the money. It changed about 10.3% of the portfolio this quarter.
Value
$2.6bn
Stocks
12
Top 10 share
95.4%
Turnover
10.3%
What changed this quarter
New
Bought for the first time this quarter.
- Meta PlatformsMETA6.2% of the fund
Added
Bought more of a stock they already held.
- Costar GroupCSGP5.9% of the fund+62%
Cut
Sold some of their stake.
- Amazon.comAMZN14.2% of the fund-17%
- MsciMSCI5.9% of the fund-32%
Sold out
Sold their entire stake.
- Procore TechnologiesPCOR-100%
- State STR Spdr S&P 500 ETF TSPY-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MicrosoftMSFT | 18.4% | $477m | 1,278,653 | Held |
| Amazon.comAMZN | 14.2% | $368m | 1,542,397 | -17% |
| Capital One FinancialCOF | 10.2% | $265m | 1,321,428 | Held |
| TransUnionTRU | 10.2% | $264m | 3,656,097 | Held |
| AonAON | 8.7% | $227m | 684,518 | Held |
| S&P GlobalSPGI | 8.0% | $207m | 507,635 | Held |
| WorkdayWDAY | 7.7% | $200m | 1,633,399 | Held |
| Meta PlatformsMETA | 6.2% | $161m | 286,391 | New |
| MsciMSCI | 5.9% | $154m | 274,569 | -32% |
| Costar GroupCSGP | 5.9% | $153m | 5,394,164 | +62% |
| ToastTOST | 3.7% | $95m | 3,432,027 | Held |
| EquifaxEFX | 0.9% | $25m | 155,295 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 28.9% since 30 June 2025.
Where the money is
Financial services36.5%
Technology26.1%
Retail & consumer14.2%
Industrials11.1%
Media & telecom6.2%
Real estate5.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.