Meritage Group LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Meritage Group LP reported 17 stock positions worth $3.6 billion. Its top holding was Microsoft (MSFT) at 14.3% of the portfolio, followed by Capital One Financial (COF, 10.2%) and Transunion (TRU, 9.8%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 3 and reduced 3. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale an exit from Aon Class A (AON).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001427119
- Portfolio Value
- $3.6B (Q1 2025)
- SEC Filing
- 0001427119-25-000009 ↗ filed May 14, 2025
Holdings Value
Holdings 17 stocks · $3.6B
| MSFT Microsoft Corp. | 14.29% | 1,385,107 | $520.0M | New |
| COF Capital One Financial Corp. | 10.18% | 2,065,594 | $370.4M | Add +61.8% |
| TRU Transunion | 9.76% | 4,278,373 | $355.1M | No change |
| AMZN Amazon.com Inc. | 8.92% | 1,705,389 | $324.5M | Add +14.8% |
| WDAY Workday Inc. Class A | 8.29% | 1,291,132 | $301.5M | No change |
| ADSK Autodesk Inc. | 8.19% | 1,138,082 | $297.9M | No change |
| CP Canadian Pacific Kansas City | 7.29% | 3,773,482 | $265.1M | No change |
| QSR Restaurant Brands Intern | 6.05% | 3,301,689 | $220.0M | No change |
| PCOR Procore Technologies Inc. | 4.98% | 2,745,504 | $181.3M | No change |
| A Agilent Technologies Inc. | 4.29% | 1,334,958 | $156.2M | No change |
| ABNB Airbnb Inc. Class A | 4.17% | 1,269,499 | $151.7M | No change |
| MCHP Microchip Technology Inc. | 3.99% | 2,999,177 | $145.2M | Add +18.6% |
| SGI Somnigroup International Inc. | 3.12% | 1,894,377 | $113.4M | New |
| EFX Equifax Inc. | 2.70% | 402,901 | $98.1M | New |
| ADI Analog Devices Inc. | 2.22% | 400,645 | $80.8M | Reduce -35.4% |
| TDG Transdigm Group Inc. | 1.46% | 38,290 | $53.0M | Reduce -59.5% |
| DLTR Dollar Tree Inc. | 0.12% | 58,257 | $4.4M | Reduce -81.4% |
Portfolio Sells Q4 2024 → Q1 2025
| AON Aon PLC Class A | Sold out | 0.00% | −8.53 |
| GE General Electric | Sold out | 0.00% | −4.90 |
| CRL Charles River Laboratories | Sold out | 0.00% | −4.73 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −3.63 |
| CRH CRH PLC | Sold out | 0.00% | −3.60 |
| TDG Transdigm Group Inc. | Reduce -59.5% | 1.46% | −1.40 |
| PRM Perimeter Solutions Inc. | Sold out | 0.00% | −1.19 |
| ADI Analog Devices Inc. | Reduce -35.4% | 2.22% | −0.92 |
| DLTR Dollar Tree Inc. | Reduce -81.4% | 0.12% | −0.44 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $2.6B | MSFT, AMZN, COF, TRU, AON |
| Q1 2026 | 13 | $2.7B | MSFT, AMZN, TRU, COF, AON |
| Q4 2025 | 10 | $3.2B | MSFT, TRU, COF, AMZN, WDAY |
| Q3 2025 | 11 | $3.5B | MSFT, AMZN, COF, TRU, WDAY |
| Q2 2025 | 13 | $3.7B | MSFT, TRU, AMZN, COF, WDAY |
| Q1 2025 | 17 | $3.6B | MSFT, COF, TRU, AMZN, WDAY |
| Q4 2024 | 20 | $4.2B | TRU, AON, ADSK, WDAY, AMZN |
| Q3 2024 | 22 | $4.3B | TRU, ADSK, AON, GE, CP |
| Q2 2024 | 60 | $3.9B | GE, TRU, ADSK, AON, AMZN |
| Q1 2024 | 57 | $4.2B | GE, TRU, WDAY, CRL, A |