# Meritage Group LP

> Meritage Group LP is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 7, 2026.

- CRD: 142622
- Filed as: MERITAGE GROUP LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: July 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/142622
- AdvisorCensus page: https://advisorcensus.com/firm/meritage-group-lp-san-francisco-ca-142622

## Quick answers

**How is Meritage Group LP compensated?**
On its Form ADV (Item 5.E, October 2026), Meritage Group LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Meritage Group LP located?**
Meritage Group LP's principal office is in San Francisco, CA, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Meritage Group LP registered with the SEC or a state?**
Meritage Group LP is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142622.

**How much does Meritage Group LP manage?**
Meritage Group LP reports $14,093,814,844 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (100% discretionary).

**How have Meritage Group LP's assets and staff changed since 2021?**
In the Form ADV data for Meritage Group LP: Regulatory assets under management: $14,006,795,864 in the October 2021 data and $14,093,814,844 in the October 2026 data, up 1%. Total employees: 51 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Meritage Group LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does Meritage Group LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142622

**What changed in Meritage Group LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 24 to 27.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $14,093,814,844
- Discretionary: $14,093,814,844
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $14,093,814,844 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 55 total, 27 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Greenwich, CT
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- [meritagegroup.com](https://meritagegroup.com)
- LinkedIn @meritage-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $14,006,795,864 | 51 | March 30, 2021 |
| October 2022 | $14,115,237,848 | 46 | March 30, 2022 |
| October 2023 | $13,026,331,983 | 49 | July 6, 2023 |
| October 2024 | $13,845,899,768 | 49 | May 20, 2024 |
| October 2025 | $14,570,195,272 | 52 | March 26, 2025 |
| October 2026 | $14,093,814,844 | 55 | July 7, 2026 |

Regulatory assets under management: $14,006,795,864 in the October 2021 data and $14,093,814,844 in the October 2026 data, up 1%.
Total employees: 51 in October 2021 and 55 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 24 to 27.

### February 2026
- Changed its office addresses in Greenwich, CT.
- Changed its office addresses in New York, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Meritage Group LP (CRD 142622): Form ADV filing data as of October 2026.