Nathaniel Simons - Meritage Group 13F Activity & Position Changes (Q1 2020)

According to the SEC 13F filed on Aug 13, 2026, the Meritage Group portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2020. 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 Q1 2020, the filing reported:

New Buys - IQVIA Holdings, Inc., Gartner, Inc., Loews Corporation, News Corporation, Quanta Services, Inc., and 2 more

Increases - American Water Works Company, I, Caterpillar, Inc., Charter Communications, Inc., Canadian National Railway Compa, Salesforce, Inc., and 11 more

Reductions - Autodesk, Inc., Amazon.com, Inc., Microsoft Corporation, Newmont Corporation, Sherwin-Williams Company (The), and 3 more

Complete Exits - Boeing Company (The), Berkshire Hathaway Inc. New, Electronic Arts Inc., Evergy, Inc., Marriott International, and 2 more

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

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2020	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-597,512	-43.0%	$123.51K	791,231
Q1 2020	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-28,395	-16.8%	$273.20K	140,123
Q1 2020	AWK American Water Works Company, I	American Water Works Company, I	Buy	+602	+24.6%	$365.00	3,052
Q1 2020	BA Boeing Company (The)	Boeing Company (The)	Sell - Position Exit	-783,467	-100.0%	$0.00	-
Q1 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell - Position Exit	-1,000	-100.0%	$0.00	-
Q1 2020	CAT Caterpillar, Inc.	Caterpillar, Inc.	Buy	+783	+57.0%	$250.00	2,156
Q1 2020	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Buy	+282,622	+17.8%	$815.48K	1,869,030
Q1 2020	CNI Canadian National Railway Compa	Canadian National Railway Compa	Buy	+6,161	+0.3%	$187.50K	2,400,949
Q1 2020	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+214,403	+27.6%	$142.70K	991,139
Q1 2020	EA Electronic Arts Inc.	Electronic Arts Inc.	Sell - Position Exit	-1,559,697	-100.0%	$0.00	-
Q1 2020	EVRG Evergy, Inc.	Evergy, Inc.	Sell - Position Exit	-5,183	-100.0%	$0.00	-
Q1 2020	FIS Fidelity National Information S	Fidelity National Information S	Buy	+451,202	+12.6%	$489.78K	4,026,437
Q1 2020	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+12,523	+9.8%	$163.31K	140,445
Q1 2020	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+320	+0.3%	$143.27K	123,298
Q1 2020	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+2,438	+86.2%	$359.00	5,266
Q1 2020	HSIC Henry Schein, Inc.	Henry Schein, Inc.	Buy	+4,953	+138.2%	$431.00	8,537
Q1 2020	HST Host Hotels & Resorts, Inc.	Host Hotels & Resorts, Inc.	Buy	+1,420	+13.8%	$130.00	11,734
Q1 2020	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Buy - Position Entry	+1,503,377	-	$162.15K	1,503,377
Q1 2020	IT Gartner, Inc.	Gartner, Inc.	Buy - Position Entry	+3,038	-	$302.00	3,038
Q1 2020	L Loews Corporation	Loews Corporation	Buy - Position Entry	+5,838	-	$203.00	5,838
Q1 2020	MAR Marriott International	Marriott International	Sell - Position Exit	-1,095,788	-100.0%	$0.00	-
Q1 2020	MCO Moody's Corporation	Moody's Corporation	Buy	+149,587	+20.5%	$186.02K	879,541
Q1 2020	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-668,938	-30.0%	$246.38K	1,562,213
Q1 2020	NEM Newmont Corporation	Newmont Corporation	Sell	-719	-13.2%	$214.00	4,731
Q1 2020	NI NiSource Inc	NiSource Inc	Buy	+8,793	+83.6%	$482.00	19,309
Q1 2020	NWSA News Corporation	News Corporation	Buy - Position Entry	+40,585	-	$364.00	40,585
Q1 2020	PWR Quanta Services, Inc.	Quanta Services, Inc.	Buy - Position Entry	+7,956	-	$252.00	7,956
Q1 2020	QSR Restaurant Brands International	Restaurant Brands International	Buy	+2,238,519	+86.8%	$192.86K	4,817,857
Q1 2020	RSG Republic Services, Inc.	Republic Services, Inc.	Buy	+1,108	+34.7%	$323.00	4,302
Q1 2020	SHW Sherwin-Williams Company (The)	Sherwin-Williams Company (The)	Sell	-97,411	-19.4%	$186.26K	405,346

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