Nathaniel Simons - Meritage Group 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the Meritage Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 Q3 2025, the filing reported:

New Buys - Equifax, Inc.

Increases - MSCI Inc., Workday, Inc.

Reductions - TransUnion

Complete Exits - Airbnb, Inc., Analog Devices, Inc., SPDR S&P 500

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
Q3 2025	ABNB Airbnb, Inc.	Airbnb, Inc.	Sell - Position Exit	-1,261,608	-100.0%	$0.00	-
Q3 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell - Position Exit	-397,768	-100.0%	$0.00	-
Q3 2025	EFX Equifax, Inc.	Equifax, Inc.	Buy - Position Entry	+169,633	-	$43.52M	169,633
Q3 2025	MSCI MSCI Inc.	MSCI Inc.	Buy	+103,993	+33.4%	$235.65M	415,308
Q3 2025	SPY SPDR S&P 500	SPDR S&P 500	Sell - Position Exit	-106,022	-100.0%	$0.00	-
Q3 2025	TRU TransUnion	TransUnion	Sell	-450,259	-7.6%	$458.11M	5,468,063
Q3 2025	WDAY Workday, Inc.	Workday, Inc.	Buy	+206,821	+16.1%	$358.51M	1,489,253