Meritage Group LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Meritage Group LP reported 10 stock positions worth $3.2 billion. Its top holding was Microsoft (MSFT) at 19.0% of the portfolio, followed by Transunion (TRU, 14.2%) and Capital One Financial (COF, 13.8%). Compared with Q3 2025, it sold out of 1, added to 3 and reduced 7. The biggest buy was Microsoft (MSFT, shares +12%) and the biggest sale an exit from Agilent Technologies (A).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001427119
- Portfolio Value
- $3.2B (Q4 2025)
- SEC Filing
- 0001427119-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 10 stocks · $3.2B
| MSFT Microsoft Corp. | 18.98% | 1,262,311 | $610.5M | Add +12.2% |
| TRU Transunion | 14.23% | 5,334,488 | $457.4M | Reduce -2.4% |
| COF Capital One Financial Corp. | 13.85% | 1,837,016 | $445.2M | Reduce -20.8% |
| AMZN Amazon.com Inc. | 13.23% | 1,843,006 | $425.4M | Reduce -18.4% |
| WDAY Workday Inc. Class A | 10.77% | 1,612,523 | $346.3M | Add +8.3% |
| MSCI MSCI Inc. | 8.33% | 466,617 | $267.7M | Add +12.3% |
| QSR Restaurant Brands Intern | 6.79% | 3,200,731 | $218.4M | Reduce -2.4% |
| SGI Somnigroup International Inc. | 6.67% | 2,403,651 | $214.6M | Reduce -20.8% |
| PCOR Procore Technologies Inc. | 6.04% | 2,669,593 | $194.2M | Reduce -2.1% |
| EFX Equifax Inc. | 1.12% | 165,488 | $35.9M | Reduce -2.4% |
Portfolio Sells Q3 2025 → Q4 2025
| A Agilent Technologies Inc. | Sold out | 0.00% | −4.86 |
| AMZN Amazon.com Inc. | Reduce -18.4% | 13.23% | −0.93 |
| SGI Somnigroup International Inc. | Reduce -20.8% | 6.67% | −0.64 |
| COF Capital One Financial Corp. | Reduce -20.8% | 13.85% | −0.23 |
| EFX Equifax Inc. | Reduce -2.4% | 1.12% | −0.13 |
| PCOR Procore Technologies Inc. | Reduce -2.1% | 6.04% | +0.36 |
| QSR Restaurant Brands Intern | Reduce -2.4% | 6.79% | +0.78 |
| TRU Transunion | Reduce -2.4% | 14.23% | +1.15 |
Portfolio Buys Q3 2025 → Q4 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 |