Nathaniel Simons Meritage Group Investment Activity Q4 2025
Meritage Group's portfolio saw significant shifts in Q4 2025, with notable increases in Microsoft and Technology stocks, alongside reductions in Financial Services holdings.
For the period ending December 31, 2025, Nathaniel Simons, managing Meritage Group, saw substantial changes in his investment portfolio. The overall portfolio value stood at $3.22 billion, reflecting activity over the quarter.
Technology remained a dominant sector in the portfolio, with four of the top ten holdings falling within this category. Microsoft (MSFT) led the way, seeing a significant increase in both shares (up 12.24%) and its portfolio allocation (up 0.75 percentage points). Workday (WDAY) also showed strong buying interest, with an 8.28% increase in shares and a corresponding rise in its allocation.
In the Financial Services sector, the picture was mixed. While TransUnion (TRU) and Capital One (COF) saw slight increases in their share count, their portfolio allocations actually decreased. More notably, TransUnion and Capital One, along with TransUnion again, saw substantial reductions in holdings, with TransUnion experiencing an 8.33% decrease in shares and Capital One a 20.78% reduction. TransUnion's allocation dropped by 0.56 percentage points, while Capital One's fell by 0.12 percentage points. Equifax (EFX) also saw a small but notable decrease in shares.
Consumer Cyclical stocks also showed net reductions, with Amazon (AMZN) and Restaurant Brands International (QSR) decreasing their share count by 18.39% and 2.44% respectively, though their allocations remained relatively stable. Somnigroup (TPX) experienced a significant reduction, with an 8.33% decrease in shares and a 0.02 percentage point drop in allocation.
No new positions were disclosed in this filing, and there were no indications of fully exited positions in the top holdings list.
For more detailed analysis of Meritage Group's portfolio, visit https://www.insiderset.com/investor/nathaniel-simons-meritage-group. You can explore the individual stock positions at Microsoft, TransUnion, Capital One, Amazon, Workday, MSCI, Restaurant Brands International, Somnigroup, and Procore Technologies.