Meritage Group LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Meritage Group LP reported 13 stock positions worth $3.7 billion. Its top holding was Microsoft (MSFT) at 15.3% of the portfolio, followed by Transunion (TRU, 14.3%) and Amazon.com (AMZN, 13.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 4 and reduced 7. The biggest buy was a new position in MSCI (MSCI) and the biggest sale an exit from Autodesk (ADSK).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001427119
- Portfolio Value
- $3.7B (Q2 2025)
- SEC Filing
- 0001427119-25-000011 ↗ filed Aug 13, 2025
Holdings Value
Holdings 13 stocks · $3.7B
| MSFT Microsoft Corp. | 15.32% | 1,124,698 | $559.4M | Reduce -18.8% |
| TRU Transunion | 14.27% | 5,918,322 | $520.8M | Add +38.3% |
| AMZN Amazon.com Inc. | 13.57% | 2,258,356 | $495.5M | Add +32.4% |
| COF Capital One Financial Corp. | 13.51% | 2,318,833 | $493.4M | Add +12.3% |
| WDAY Workday Inc. Class A | 8.43% | 1,282,432 | $307.8M | Reduce -0.7% |
| QSR Restaurant Brands Intern | 5.96% | 3,280,877 | $217.5M | Reduce -0.6% |
| SGI Somnigroup International Inc. | 5.66% | 3,036,205 | $206.6M | Add +60.3% |
| PCOR Procore Technologies Inc. | 5.11% | 2,727,718 | $186.6M | Reduce -0.7% |
| MSCI MSCI Inc. | 4.92% | 311,315 | $179.5M | New |
| ABNB Airbnb Inc. Class A | 4.57% | 1,261,608 | $167.0M | Reduce -0.6% |
| A Agilent Technologies Inc. | 4.29% | 1,325,963 | $156.5M | Reduce -0.7% |
| ADI Analog Devices Inc. | 2.59% | 397,768 | $94.7M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.79% | 106,022 | $65.5M | New |
Portfolio Sells Q1 2025 → Q2 2025
| ADSK Autodesk Inc. | Sold out | 0.00% | −8.19 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −7.29 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −3.99 |
| EFX Equifax Inc. | Sold out | 0.00% | −2.70 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −1.46 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.12 |
| QSR Restaurant Brands Intern | Reduce -0.6% | 5.96% | −0.09 |
| A Agilent Technologies Inc. | Reduce -0.7% | 4.29% | −0.01 |
| PCOR Procore Technologies Inc. | Reduce -0.7% | 5.11% | +0.13 |
| WDAY Workday Inc. Class A | Reduce -0.7% | 8.43% | +0.14 |
| ADI Analog Devices Inc. | Reduce -0.7% | 2.59% | +0.37 |
| ABNB Airbnb Inc. Class A | Reduce -0.6% | 4.57% | +0.41 |
| MSFT Microsoft Corp. | Reduce -18.8% | 15.32% | +1.03 |
Portfolio Buys Q1 2025 → Q2 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 |