Nathaniel Simons - Meritage Group Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 14, 2025 | |
| Total Stocks | 17 | |
| Portfolio Value | $3.64B |
Meritage Group Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.7 years | Style | Average duration positions are maintained |
| Position Count | 26 | Style | Number of active positions in portfolio |
| Position Size | 8.0% | Risk | Typical allocation per position |
| Win Rate | 48.3% | Performance | Percentage of profitable positions |
| Average Return | 114.7% | Performance | Mean return across positions |
| Sharpe Ratio | 0.16 | Performance | Return per unit of risk taken |
Investment Case Study: MICROSOFT CORP (MSFT)
6/30/2014 - 8/4/2025
Performance Metrics
Total Return: 402,696.25%
Holding Period: 4053 days
Max Position Size: $519,955,317.00
Position Weight: 4.88%
Key Events
6/30/2014: ENTRY(744,800.00 shares) @ $0.04
3/31/2015: INCREASE(3,543,885.00 shares) @ $0.04
6/30/2015: INCREASE(1,616,420.00 shares) @ $0.04
9/30/2015: INCREASE(5,391.00 shares) @ $0.04
12/31/2015: DECREASE(-2,131,833.00 shares) @ $0.06
9/30/2018: DECREASE(-2,822,957.00 shares) @ $0.11
12/31/2018: INCREASE(1,130,308.00 shares) @ $0.10
3/31/2019: INCREASE(483,534.00 shares) @ $0.12
9/30/2019: INCREASE(24,500.00 shares) @ $0.14
12/31/2019: DECREASE(-362,897.00 shares) @ $0.16
3/31/2020: DECREASE(-668,938.00 shares) @ $0.16
6/30/2020: DECREASE(-368,708.00 shares) @ $0.20
12/31/2020: DECREASE(-291,049.00 shares) @ $0.22
3/31/2021: DECREASE(-141.00 shares) @ $0.24
6/30/2021: INCREASE(5,997.00 shares) @ $0.27
9/30/2021: DECREASE(-15,247.00 shares) @ $0.28
12/31/2021: DECREASE(-257,129.00 shares) @ $0.34
3/31/2022: DECREASE(-343.00 shares) @ $0.31
6/30/2022: DECREASE(-206,188.00 shares) @ $0.26
9/30/2022: INCREASE(6,269.00 shares) @ $0.23
12/31/2022: INCREASE(10,246.00 shares) @ $0.24
3/31/2023: INCREASE(2,394.00 shares) @ $0.29
3/31/2025: INCREASE(936,793.00 shares) @ $375.39
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure