Nathaniel Simons – Meritage Group Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Meritage Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – MSCI Inc. (MSCI), SPDR S&P 500 (SPY)

Increases – TransUnion (TRU), Tempur Sealy International, Inc (TPX), Amazon.com, Inc. (AMZN), Capital One Financial Corporati (COF)

Reductions – Analog Devices, Inc. (ADI), Airbnb, Inc. (ABNB), Workday, Inc. (WDAY), Agilent Technologies, Inc. (A), Procore Technologies, Inc. (PCOR), and 2 more

Complete Exits – Transdigm Group Incorporated (TDG), Dollar Tree, Inc. (DLTR), Equifax, Inc. (EFX), Autodesk, Inc. (ADSK), Microchip Technology Incorporat (MCHP), and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Meritage Group Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2025Mar 31, 2025	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell - Position Exit	-1,074,120-100.0%	$0.00	-
Q1 2025Mar 31, 2025	GE GE Aerospace	GE Aerospace	Sell - Position Exit	-1,231,708-100.0%	$0.00	-
Q1 2025Mar 31, 2025	CRH CRH	CRH	Sell - Position Exit	-1,633,095-100.0%	$0.00	-
Q4 2024Dec 31, 2024	QSR Restaurant Brands International	Restaurant Brands International	Buy	+3,245,689+5795.9%	$215.20M	3,301,689
Q4 2024Dec 31, 2024	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Buy - Position Entry	+2,528,909	$145.03M	2,528,909
Q4 2024Dec 31, 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+1,276,707	$227.66M	1,276,707
Q4 2024Dec 31, 2024	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+270,755+902.5%	$152.14M	300,755
Q4 2024Dec 31, 2024	SPY SPDR S&P 500	SPDR S&P 500	Sell - Position Exit	-9,322-100.0%	$0.00	-
Q4 2024Dec 31, 2024	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Sell	-11,735-3.6%	$23.49M	313,506
Q4 2024Dec 31, 2024	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell	-111,047-9.4%	$198.28M	1,074,120
Q4 2024Dec 31, 2024	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-134,780-17.8%	$131.82M	620,444
Q4 2024Dec 31, 2024	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-169,715-13.0%	$336.38M	1,138,082
Q4 2024Dec 31, 2024	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Sell - Position Exit	-370,416-100.0%	$0.00	-
Q4 2024Dec 31, 2024	GE GE Aerospace	GE Aerospace	Sell	-498,134-28.8%	$205.44M	1,231,708
Q4 2024Dec 31, 2024	UNP Union Pacific Corporation	Union Pacific Corporation	Sell - Position Exit	-1,122,794-100.0%	$0.00	-
Q4 2024Dec 31, 2024	TOST Toast, Inc.	Toast, Inc.	Sell - Position Exit	-2,768,088-100.0%	$0.00	-
Q3 2024Sep 30, 2024	ABNB Airbnb, Inc.	Airbnb, Inc.	Buy - Position Entry	+1,269,499	$160.99M	1,269,499
Q3 2024Sep 30, 2024	PCOR Procore Technologies, Inc.	Procore Technologies, Inc.	Buy	+1,098,019+66.6%	$169.45M	2,745,504
Q3 2024Sep 30, 2024	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Buy - Position Entry	+370,416	$150.55M	370,416
Q3 2024Sep 30, 2024	QSR Restaurant Brands International	Restaurant Brands International	Buy - Position Entry	+56,000	$4.04M	56,000
Q3 2024Sep 30, 2024	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy - Position Entry	+30,000	$17.54M	30,000
Q3 2024Sep 30, 2024	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Buy	+7,992+0.2%	$322.80M	3,773,482
Q3 2024Sep 30, 2024	TOST Toast, Inc.	Toast, Inc.	Buy	+5,863+0.2%	$78.36M	2,768,088
Q3 2024Sep 30, 2024	CRH CRH	CRH	Buy	+3,459+0.2%	$151.45M	1,633,095
Q3 2024Sep 30, 2024	WDAY Workday, Inc.	Workday, Inc.	Buy	+2,735+0.2%	$315.57M	1,291,132
Q3 2024Sep 30, 2024	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Buy	+2,510+0.2%	$233.44M	1,185,167
Q3 2024Sep 30, 2024	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+1,599+0.2%	$173.83M	755,224
Q3 2024Sep 30, 2024	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell - Position Exit	-149-100.0%	$0.00	-
Q3 2024Sep 30, 2024	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Sell - Position Exit	-306-100.0%	$0.00	-
Q3 2024Sep 30, 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Sell - Position Exit	-351-100.0%	$0.00	-

Page 2 of 50 • 1497 total trades

«‹

1 2 3 4 5

›»