SEC 13F Intelligence

Managers / Q1 2026

Meritage Group LP

CIK 0001427119 · ONE FERRY BUILDING, SUITE 375, SAN FRANCISCO, CA, 94111 · 415-399-5330

Reported Value
$2.7B
Q1 2026
Positions
13
Filings on Record
31
2019–present window
Filed
May 14, 2026
original filing

Summary

Meritage Group LP reported $2.7B in U.S.-listed holdings across 13 positions for Q1 2026.

Its largest position, MSFT, represents 17.7% of the portfolio.

Compared with Q4 2025, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+23.6%
vs prior filed quarter
Top-10 Concentration
+94.3%
share of reported value
Largest Position
+17.7%
Microsoft
New / Exited
5 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $4.2BQ4 ’18Q1 ’19: $4.7BQ2 ’19: $5.7BQ3 ’19: $5.3BQ4 ’19: $5.7BQ4 ’19Q1 ’20: $3.7BQ2 ’20: $4.7BQ3 ’20: $5.3BQ4 ’20: $5.1BQ4 ’20Q1 ’21: $5.2BQ2 ’21: $5.3BQ3 ’21: $5.1BQ4 ’21: $5.9BQ4 ’21Q1 ’22: $6.4BQ2 ’22: $3.5BQ3 ’22: $3.3BQ1 ’23: $3MQ1 ’23Q2 ’23: $4MQ3 ’23: $4MQ4 ’23: $4MQ1 ’24: $4MQ1 ’24Q3 ’24: $4.3BQ4 ’24: $4.2BQ1 ’25: $3.6BQ2 ’25: $3.7BQ2 ’25Q3 ’25: $3.5BQ4 ’25: $3.2BQ1 ’26: $2.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.5%Other: 8.3%ETP: 1.3%
  • Common Stock · 90.5% · $2.4B
  • Other · 8.3% · $220M
  • ETP · 1.3% · $34M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AON PLCNEW+680.2K680.2K+$220M$220M
SPGIS&P GLOBAL INCNEW+504.4K504.4K+$215M$215M
CSGPCOSTAR GROUP INCNEW+3.33M3.33M+$134M$134M
TOSTTOAST INCNEW+3.41M3.41M+$90M$90M
STATE STR SPDR S&P 500 ETF TNEW+51.6K51.6K+$34M$34M
QSRRESTAURANT BRANDS INTL INCSOLD OUT−3.20M0−$218M$0
TPDSOMNIGROUP INTERNATIONAL INCSOLD OUT−2.40M0−$215M$0
TRUTRANSUNIONTRIMMED−1.70M3.63M−$206M$251M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM17.75%$470M1.27M
2AMZNAMAZON COM INChistory →COM14.58%$386M1.86M
3TRUTRANSUNIONhistory →COM9.48%$251M3.63M
4COFCAPITAL ONE FINL CORPhistory →COM9.04%$240M1.31M
5AON PLCSHS CL A8.28%$220M680.2K
6MSCIMSCI INChistory →COM8.26%$219M406.1K
7SPGIS&P GLOBAL INChistory →COM8.10%$215M504.4K
8WDAYWORKDAY INChistory →CL A7.96%$211M1.62M
9PCORPROCORE TECHNOLOGIES INChistory →COM5.76%$153M2.68M
10CSGPCOSTAR GROUP INChistory →COM5.07%$134M3.33M
11TOSTTOAST INChistory →CL A3.41%$90M3.41M
12STATE STR SPDR S&P 500 ETF TTR UNIT1.27%$34M51.6K
13EFXEQUIFAX INChistory →COM1.05%$28M154.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.7B13May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.2B10Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.5B11Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.7B13Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.6B17May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.2B20Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.3B22Nov 15, 202413F-HRchanges · EDGAR ↗
Q2 2024Under review60Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$4M57May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$4M55Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$4M50Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$4M51Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$3M51May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review41Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.3B35Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.5B36Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.4B33May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$5.9B32Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.1B35Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.3B34Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.2B35May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.1B37Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$5.3B30Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.7B29Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.7B36May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$5.7B37Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$5.3B19Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$5.7B21Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.7B19May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$4.2B20Feb 13, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • MWG GP LLC028-14947

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.