Meritage L.P. 13F annual report
Meritage L.P. is an investment fund managing more than $3.94 trillion ran by Laura Baxter-simons. There are currently 57 companies in Mrs. Baxter-simons’s portfolio. The largest investments include GE Aerospace and TransUnion, together worth $808 billion.
$3.94 trillion Assets Under Management (AUM)
As of 6th August 2024, Meritage L.P.’s top holding is 2,662,735 shares of GE Aerospace currently worth over $423 billion and making up 10.8% of the portfolio value.
Relative to the number of outstanding shares of GE Aerospace, Meritage L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 5,191,974 shares of TransUnion worth $385 billion, whose value grew 15.0% in the past six months.
The third-largest holding is Autodesk worth $351 billion and the next is Aon plc worth $321 billion, with 1,092,048 shares owned.
Currently, Meritage L.P.'s portfolio is worth at least $3.94 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Meritage L.P.
The Meritage L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Laura Baxter-simons serves as the Chief Compliance Officer at Meritage L.P..
Recent trades
In the most recent 13F filing, Meritage L.P. revealed that it had opened a new position in
Republic Svcs Inc and bought 1,807 shares worth $351 million.
The investment fund also strengthened its position in TransUnion by buying
44,464 additional shares.
This makes their stake in TransUnion total 5,191,974 shares worth $385 billion.
TransUnion dropped approximately 0.1% in the past year.
On the other hand, there are companies that Meritage L.P. is getting rid of from its portfolio.
Meritage L.P. closed its position in Ncino on 13th August 2024.
It sold the previously owned 1,750,954 shares for $65.5 million.
Laura Baxter-simons also disclosed a decreased stake in GE Aerospace by 0.2%.
This leaves the value of the investment at $423 billion and 2,662,735 shares.
One of the largest hedge funds
The two most similar investment funds to Meritage L.P. are Ecor1 Capital and Kingsview Wealth Management. They manage $3.93 trillion and $3.94 trillion respectively.
Laura Baxter-simons investment strategy
Meritage L.P.’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Industrials — making up 25.3% of
the total portfolio value.
The fund focuses on investments in the United States as
71.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
63% of the total holdings value.
On the other hand, small-cap stocks make up only 1.8% of the portfolio.
The average market cap of the portfolio companies is close to $101 billion.
The complete list of Meritage L.P. trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| GE Aerospace |
16.39%
2,662,735
|
$423,294,983,000 | 10.76% |
| TransUnion |
0.86%
5,191,974
|
$385,036,792,000 | 9.78% |
| Autodesk Inc. |
66.95%
1,418,423
|
$350,988,771,000 | 8.92% |
| Aon plc. |
41.00%
1,092,048
|
$320,603,452,000 | 8.15% |
| Amazon.com Inc. |
0.89%
1,651,562
|
$319,164,357,000 | 8.11% |
| Canadian Pacific Kansas City |
40.21%
3,765,490
|
$296,408,193,000 | 7.53% |
| Workday Inc |
0.86%
1,288,397
|
$288,034,033,000 | 7.32% |
| Union Pac Corp |
0.86%
1,167,316
|
$264,116,918,000 | 6.71% |
| Agilent Technologies Inc. |
8.87%
1,974,026
|
$255,892,990,000 | 6.50% |
| Charles Riv Labs Intl Inc |
0.03%
1,182,657
|
$244,313,283,000 | 6.21% |
| Transdigm Group Incorporated |
0.86%
146,166
|
$186,743,143,000 | 4.75% |
| Analog Devices Inc. |
34.14%
753,625
|
$172,022,443,000 | 4.37% |
| CRH Plc |
0.86%
1,629,636
|
$122,190,107,000 | 3.10% |
| Procore Technologies, Inc. |
26.83%
1,647,485
|
$109,244,730,000 | 2.78% |
| Toast, Inc. |
47.73%
2,762,225
|
$71,182,538,000 | 1.81% |
| Perimeter Solutions, SA |
No change
8,000,000
|
$62,640,000,000 | 1.59% |
| Dollar Tree Inc |
No change
325,241
|
$34,725,982,000 | 0.88% |
| Spdr S&p 500 Etf Tr |
97.68%
32,726
|
$17,810,144,000 | 0.45% |
| Dow Inc |
43.23%
6,640
|
$352,252,000 | 0.01% |
| Republic Svcs Inc |
Opened
1,807
|
$351,172,000 | 0.01% |
| Tyson Foods, Inc. |
26.94%
6,107
|
$348,954,000 | 0.01% |
| Allstate Corp (The) |
38.23%
2,184
|
$348,697,000 | 0.01% |
| Stanley Black & Decker Inc |
29.98%
4,305
|
$343,926,000 | 0.01% |
| Hasbro, Inc. |
Opened
5,703
|
$333,626,000 | 0.01% |
| Berkshire Hathaway Inc. |
Opened
809
|
$329,101,000 | 0.01% |
| Waste Mgmt Inc Del |
Opened
1,525
|
$325,344,000 | 0.01% |
| Oreilly Automotive Inc |
Opened
306
|
$323,154,000 | 0.01% |
| Bio Rad Labs Inc |
56.08%
1,180
|
$322,270,000 | 0.01% |
| McCormick & Co., Inc. |
6.73%
4,522
|
$320,791,000 | 0.01% |
| Gartner, Inc. |
22.97%
712
|
$319,731,000 | 0.01% |
| Salesforce Inc |
98.58%
1,243
|
$319,575,000 | 0.01% |
| Verisk Analytics Inc |
15.07%
1,178
|
$317,530,000 | 0.01% |
| Roper Technologies Inc |
Opened
560
|
$315,650,000 | 0.01% |
| DaVita Inc |
11.11%
2,230
|
$309,011,000 | 0.01% |
| Verisign Inc. |
4.83%
1,693
|
$301,015,000 | 0.01% |
| CDW Corp |
Opened
1,305
|
$292,111,000 | 0.01% |
| Church & Dwight Co., Inc. |
9.85%
2,801
|
$290,408,000 | 0.01% |
| Walmart Inc |
Opened
4,203
|
$284,585,000 | 0.01% |
| Tyler Technologies, Inc. |
13.59%
566
|
$284,573,000 | 0.01% |
| Merck & Co Inc |
7.45%
2,292
|
$283,750,000 | 0.01% |
| Ralph Lauren Corp |
Opened
1,588
|
$277,995,000 | 0.01% |
| Kimberly-Clark Corp. |
5.49%
1,997
|
$275,985,000 | 0.01% |
| Blackstone Inc |
Opened
2,173
|
$269,017,000 | 0.01% |
| Vulcan Matls Co |
Opened
1,071
|
$266,336,000 | 0.01% |
| Expeditors Intl Wash Inc |
18.80%
2,112
|
$263,556,000 | 0.01% |
| Cincinnati Finl Corp |
2.37%
2,226
|
$262,891,000 | 0.01% |
| Qorvo Inc |
0.36%
2,252
|
$261,322,000 | 0.01% |
| Howmet Aerospace Inc. |
Opened
3,199
|
$248,338,000 | 0.01% |
| Fastenal Co. |
Opened
3,923
|
$246,521,000 | 0.01% |
| Meta Platforms Inc |
Opened
478
|
$241,017,000 | 0.01% |
| Schwab Charles Corp |
Opened
3,180
|
$234,334,000 | 0.01% |
| Humana Inc. |
30.47%
598
|
$223,443,000 | 0.01% |
| Fair Isaac Corp. |
Opened
149
|
$221,810,000 | 0.01% |
| C.H. Robinson Worldwide, Inc. |
45.74%
2,348
|
$206,906,000 | 0.01% |
| Alphabet Inc |
41.00%
1,200
|
$219,659,000 | 0.01% |
| News Corp |
Opened
8,255
|
$231,909,000 | 0.01% |
| Warner Bros.Discovery Inc |
10.52%
14,269
|
$106,161,000 | 0.00% |
| Ncino, Inc. |
Closed
1,750,954
|
$65,451,000 | |
| MGM Resorts International |
Closed
6,930
|
$327,000 | |
| Northern Tr Corp |
Closed
3,678
|
$327,000 | |
| Atmos Energy Corp. |
Closed
2,740
|
$326,000 | |
| Xcel Energy Inc. |
Closed
5,666
|
$305,000 | |
| Newmont Corp |
Closed
8,408
|
$301,000 | |
| Intel Corp. |
Closed
6,703
|
$296,000 | |
| Royal Caribbean Group |
Closed
2,027
|
$282,000 | |
| Bank New York Mellon Corp |
Closed
4,726
|
$272,000 | |
| Kimco Rlty Corp |
Closed
13,752
|
$270,000 | |
| Take-two Interactive Softwar |
Closed
1,646
|
$244,000 | |
| Healthpeak Properties Inc. |
Closed
12,949
|
$243,000 | |
| Southwest Airls Co |
Closed
8,106
|
$237,000 | |
| MSCI Inc |
Closed
379
|
$212,000 | |
| Hershey Company |
Closed
1,081
|
$210,000 | |
| Invesco Ltd |
Closed
10,601
|
$176,000 | |
| No transactions found | |||
| Showing first 500 out of 73 holdings | |||
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