Meritage Group LP 13F: Quarter-over-Quarter Portfolio Changes
Meritage Group LP reported a disclosed portfolio value of approximately $2.7 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 17.6% quarter on quarter. Over the quarter, the family office initiated 5 new positions, bought more shares in 4 holdings, trimmed 4 holdings, and exited 2 positions.
Meritage Group LP's top buy was a new stake in Aon PLC (AON) , equal to 8.3% of the disclosed portfolio. Its top sell was Restaurant Brands International, INC. (QSR) . The family office exited the position completely after it had accounted for 6.8% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| AON PLC | AON | 8.3% | History → |
| S&P GLOBAL INC | SPGI | 8.1% | History → |
| COSTAR GROUP INC | CSGP | 5.1% | History → |
| TOAST INC | TOST | 3.4% | Holders → |
| STATE STR SPDR S&P 500 ETF T | SPY | 1.3% | Holders → |
Top BuysQ1 2026
The family office's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| MICROSOFT | MSFT | +-1.2% | +0.7% | History → |
| WORKDAY INC | WDAY | +-2.8% | +0.7% | History → |
| AMAZON.COM | AMZN | +1.3% | +0.7% | History → |
| PROCORE TECHNOLOGIES INC | PCOR | +-0.3% | +0.3% | History → |
Top SellsQ1 2026
The family office's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| TRANSUNION | TRU | -4.7% | 31.9% | History → |
| CAPITAL ONE FINL CORP | COF | -4.8% | 28.5% | History → |
| MSCI INC | MSCI | -0.1% | 13.0% | History → |
| EQUIFAX INC | EFX | -0.1% | 6.8% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| RESTAURANT BRANDS INTERNATIONAL, INC. | QSR | 6.8% |
| SOMNIGROUP INTERNATIONAL INC | SGI | 6.7% |
Net Portfolio Value ChangeQ1 2026
- $3.2BPrior quarter
- $2.7BCurrent quarter
- $-0.6BNet delta
- -17.6%% change
Methodology & FAQ
How Meritage Group LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Meritage Group LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Meritage Group LP buy in Q1 2026?
In Q1 2026, Meritage Group LP initiated 5 new positions (AON PLC (AON), S&P GLOBAL INC (SPGI), COSTAR GROUP INC (CSGP), TOAST INC (TOST), STATE STR SPDR S&P 500 ETF T (SPY)); bought more shares of MICROSOFT (MSFT), WORKDAY INC (WDAY), AMAZON.COM (AMZN), PROCORE TECHNOLOGIES INC (PCOR).
What stocks did Meritage Group LP sell in Q1 2026?
In Q1 2026, Meritage Group LP fully sold 2 positions (RESTAURANT BRANDS INTERNATIONAL, INC. (QSR), SOMNIGROUP INTERNATIONAL INC (SGI)); reduced holdings in TRANSUNION (TRU), CAPITAL ONE FINL CORP (COF), MSCI INC (MSCI), EQUIFAX INC (EFX).
Which positions did Meritage Group LP initiate in Q1 2026?
Meritage Group LP established 5 new positions in Q1 2026: AON PLC (AON, 8.3%), S&P GLOBAL INC (SPGI, 8.1%), COSTAR GROUP INC (CSGP, 5.1%), TOAST INC (TOST, 3.4%), STATE STR SPDR S&P 500 ETF T (SPY, 1.3%).
Which existing positions saw the largest allocation increases for Meritage Group LP in Q1 2026?
Of 4 existing positions with share-count increases in Q1 2026, the largest were: MICROSOFT (MSFT, +-1.2% weight, +0.7% shares), WORKDAY INC (WDAY, +-2.8% weight, +0.7% shares), AMAZON.COM (AMZN, +1.3% weight, +0.7% shares), PROCORE TECHNOLOGIES INC (PCOR, +-0.3% weight, +0.3% shares).
Which positions did Meritage Group LP fully exit in Q1 2026?
Meritage Group LP fully exited 2 positions in Q1 2026: RESTAURANT BRANDS INTERNATIONAL, INC. (QSR, last-reported weight 6.8%), SOMNIGROUP INTERNATIONAL INC (SGI, last-reported weight 6.7%).
Which existing positions saw the largest allocation reductions for Meritage Group LP in Q1 2026?
Of 4 existing positions with share-count reductions in Q1 2026, the largest were: TRANSUNION (TRU, -4.7% weight, -31.9% shares), CAPITAL ONE FINL CORP (COF, -4.8% weight, -28.5% shares), MSCI INC (MSCI, -0.1% weight, -13.0% shares), EQUIFAX INC (EFX, -0.1% weight, -6.8% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.