Nathaniel Simons Q2 Portfolio Changes: Focus on Real Estate and Tech Buys
Nathaniel Simons, CEO of Meritage Group, saw his portfolio value increase significantly during the second quarter. His investment strategy involved notable purchases in COSTAR GROUP INC (CSGP) and META PLATFORMS INC (META), while reducing exposure to AMAZON COM INC (AMZN).
As reported by Insiderset, Nathaniel Simons, the CEO of investment firm Meritage Group, managed a substantial portfolio valued at $2.6 billion as of June 30th, 2026.
The investor's activity this quarter was concentrated within specific sectors and focused on particular companies. Detailed analysis reveals changes in holdings across various stocks:
Purchases: Significant Growth in Real Estate Exposure
Mr. Simons demonstrated a clear buying interest, particularly increasing his stake in COSTAR GROUP INC (CSGP). The investment firm purchased over 2 million additional shares during the quarter, representing an unprecedented 62.04% increase in holdings and adding substantial value to this Real Estate position.
Additionally, Meritage Group significantly boosted its position in COSTAR GROUP INC (CSGP) by acquiring a large number of shares, highlighting strong confidence in the sector's prospects for 2026. Furthermore, there was considerable buying activity in META PLATFORMS INC (META), with Mr. Simons adding nearly half a million new shares.
Sales: Reducing Amazon Exposure
Conversely, the investor reduced his position in AMAZON COM INC (AMZN) by over 312 thousand shares during Q2, marking a significant -16.85% change from the previous quarter.
No Activity Disclosed
In terms of other sectors and specific companies like MSCI INC (MSCI), EQUIFAX INC (EFX), and TOAST INC (TOST), no sales activity was disclosed in this filing. Similarly, there were no reported changes for positions held by the investor previously.
Technology Sector Focus
The Technology sector remains a cornerstone of Mr. Simons' portfolio allocation at 29.76% ($770 million). This includes holdings in MICROSOFT CORP (MSFT), which saw its share count increase by just under 1,000 shares (0.64%). Similarly, WORKDAY INC (WDAY) experienced a small increase of about 0.64% in shares.
Financial Services Dominance
The Financial Services sector continues to be the largest allocation at approximately 43.02% ($1.1 billion). Within this, CAPITAL ONE FINL CORP (COF) saw its share count increase by just under 0.65%, while TRANSUNION (TRU)'s position grew slightly with a small share increase.
In contrast, AON PLC (AON) and S&P GLOBAL INC (SPGI) maintained their positions but experienced very minor share increases of about 0.64%. No major sales were disclosed for these Financial Services holdings during the quarter.
Consumer Cyclical and Communication Services
The portfolio also includes exposure to Consumer Cyclical (AMZN) at 14.17% ($368 million), though this position decreased slightly in shares, by -0.65%, while its value allocation remained unchanged.
Communication Services allocation stands at $161 million (6.22%) via META PLATFORMS INC (META). The Real Estate sector is allocated at 5.89% ($153 million) through COSTAR GROUP INC (CSGP), which saw substantial growth.