Meritage Group LP
Meritage Group LP is a private investment and asset management firm founded in 1997 and headquartered in San Francisco, CA, with additional offices in Greenwich and New York City. The firm is a registered investment adviser with the SEC, manages assets exceeding $13 billion as of January 2025, and employs approximately 55 professionals. Meritage Group serves a diverse clientele by managing a broad array of investments spanning public and private equity, credit, and real estate, either directly or through external managers. The senior managing directors include Nat Simons, Laura Baxter-Simons, Alex Magaro, and Arif Mawji.
Investment Strategy
Meritage Group LP manages a diversified portfolio of investments across public and private equity, credit, and real estate. The firm employs a flexible, multi-asset class strategy, directly investing and partnering with external managers. This approach emphasizes long-term capital growth and risk management by maintaining diversification between public securities, private deals, credit instruments, and tangible real assets. Its strategy is grounded in rigorous research, opportunistic allocation across asset classes, and adaptability to changing market environments.
Latest 13F Filing Activity
Meritage Group LP filed their most recent 13F report on Jun 30, 2025 disclosing 12 equity positions with a total 13F market value of $4B. The fund increased holdings in Msci Inc., Amazon Com Inc., Transunion among other positions. Meritage Group LP reduced exposure to Autodesk Inc., Canadian Pacific Kansas City, Microchip Technology Inc. among others.
Top Holdings
Equity Positions (12)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 15.32% | $559.4M | 1,124,698 | $375.39 | $497.41 | +$39.5M |
T TRU | TRANSUNION | 14.27% | $520.8M | 5,918,322 | $78.56 | $88.00 | +$165.8M |
A AMZN | AMAZON COM INC | 13.57% | $495.5M | 2,258,356 | $177.56 | $219.39 | +$171.0M |
C COF | CAPITAL ONE FINL CORP | 13.51% | $493.4M | 2,318,833 | $182.41 | $212.76 | +$123.0M |
W WDAY | WORKDAY INC | 8.43% | $307.8M | 1,282,432 | $193.77 | $240.00 | +$6.3M |
Industry Allocation
Investment Team (7)
| Name | Role | Location | |
|---|---|---|---|
 | Investment Analyst | Chicago, IL , United States | |
R Robert Marani | principal | Aptos, CA , United States | |
V Victor Dowling | Trader | Greenwich, CT , United States | |
D Douglas S | Analyst | Boston, MA , United States | |
 | Investment Analyst | New York, NY , United States | |
N Nick Brienzi | Investment Analyst | San Francisco, CA , United States | |
 | Vice President, Private Equity | Boston, MA , United States |