Meritage Group LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Meritage Group LP reported 11 stock positions worth $3.5 billion. Its top holding was Microsoft (MSFT) at 16.6% of the portfolio, followed by Amazon.com (AMZN, 14.2%) and Capital One Financial (COF, 14.1%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 2 and reduced 1. The biggest buy was MSCI (MSCI, shares +33%) and the biggest sale an exit from Airbnb Class A (ABNB).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001427119
Portfolio Value
$3.5B (Q3 2025)
SEC Filing
0001427119-25-000013 ↗ filed Nov 13, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.2B Q1 2024 Q2 2024: $3.9B Q2 2024 Q3 2024: $4.3B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $3.6B Q1 2025 Q2 2025: $3.7B Q2 2025 Q3 2025: $3.5B $3.5B Q3 2025 Q4 2025: $3.2B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $2.6B Q2 2026

Holdings 11 stocks · $3.5B
MSFT Microsoft Corp. 16.63% 1,124,698 $582.5M No change
AMZN Amazon.com Inc. 14.16% 2,258,356 $495.9M No change
COF Capital One Financial Corp. 14.07% 2,318,833 $492.9M No change
TRU Transunion 13.08% 5,468,063 $458.1M Reduce -7.6%
WDAY Workday Inc. Class A 10.24% 1,489,253 $358.5M Add +16.1%
SGI Somnigroup International Inc. 7.31% 3,036,205 $256.0M No change
MSCI MSCI Inc. 6.73% 415,308 $235.6M Add +33.4%
QSR Restaurant Brands Intern 6.01% 3,280,877 $210.4M No change
PCOR Procore Technologies Inc. 5.68% 2,727,718 $198.9M No change
A Agilent Technologies Inc. 4.86% 1,325,963 $170.2M No change
EFX Equifax Inc. 1.24% 169,633 $43.5M New

Portfolio Sells Q2 2025 → Q3 2025
ABNB Airbnb Inc. Class A Sold out 0.00% −4.57
ADI Analog Devices Inc. Sold out 0.00% −2.59
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.79
TRU Transunion Reduce -7.6% 13.08% −1.19

Portfolio Buys Q2 2025 → Q3 2025
MSCI MSCI Inc. Add +33.4% 6.73% +1.81
WDAY Workday Inc. Class A Add +16.1% 10.24% +1.80
EFX Equifax Inc. New 1.24% +1.24

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 12$2.6BMSFT, AMZN, COF, TRU, AON
Q1 2026 13$2.7BMSFT, AMZN, TRU, COF, AON
Q4 2025 10$3.2BMSFT, TRU, COF, AMZN, WDAY
Q3 2025 11$3.5BMSFT, AMZN, COF, TRU, WDAY
Q2 2025 13$3.7BMSFT, TRU, AMZN, COF, WDAY
Q1 2025 17$3.6BMSFT, COF, TRU, AMZN, WDAY
Q4 2024 20$4.2BTRU, AON, ADSK, WDAY, AMZN
Q3 2024 22$4.3BTRU, ADSK, AON, GE, CP
Q2 2024 60$3.9BGE, TRU, ADSK, AON, AMZN
Q1 2024 57$4.2BGE, TRU, WDAY, CRL, A