Wallace Weitz Weitz Investment Management
Wallace Weitz founded Weitz Investment Management and built a long career as a patient, research-driven value investor. The firm is known for concentrated equity portfolios, conservative balance-sheet analysis, and multi-year holding periods. Weitz’s letters and process notes are frequently recommended to investors learning classic U.S. value management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar Tree
DLTR
|
+$13.9M |
| 2 |
Compass Minerals
CMP
|
+$2.02M |
| 3 |
Guidewire Software
GWRE
|
+$2M |
| 4 |
WAIR
WESCO Aircraft Holdings Inc.
WAIR
|
+$1.71M |
| 5 |
National CineMedia
NCMI
|
+$1.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$63.7M |
| 2 |
AGN
Allergan plc
AGN
|
+$29.2M |
| 3 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$26.8M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$19.2M |
| 5 |
Motorola Solutions
MSI
|
+$13.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.8% |
| 2 | Financials | 23.41% |
| 3 | Healthcare | 13.43% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Technology | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PXD
26
DELISTED
Pioneer Natural Resource Co.
PXD
| $24.5M | 1.01% |
131,491
-9,737
| -7% | -$1.81M |
|
27
Allison Transmission
ALSN
$11B
| $24.1M | 0.99% |
669,225
-222,632
| -25% | -$7.93M |
|
28
Range Resources
RRC
$9.59B
| $24M | 0.99% |
826,204
-66,465
| -7% | -$2.05M |
|
29
Liberty Latin America Class C
LILAK
$1.64B
| $23.9M | 0.98% |
1,212,201
-232,449
| -16% | -$4.58M |
|
30
Comcast
CMCSA
$95.3B
| $23M | 0.95% |
612,920
-11,420
| -2% | -$424K |
|
|
MON
31
DELISTED
Monsanto Co
MON
| $22.7M | 0.93% |
200,351
-283
| -0.1% | -$31.3K |
|
32
Willis Towers Watson
WTW
$31.8B
| $22.1M | 0.91% |
169,228
-14,405
| -8% | -$1.83M |
|
33
Thermo Fisher Scientific
TMO
$233B
| $20.8M | 0.86% |
135,545
+3,385
| +3% | +$517K |
|
34
Accenture
ACN
$113B
| $20M | 0.82% |
166,817
-251
| -0.2% | -$30K |
|
35
United Parcel Service
UPS
$86.8B
| $16.9M | 0.69% |
157,236
-274
| -0.2% | -$29.9K |
|
|
LSXMA
36
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $16M | 0.66% |
567,496
| – | – |
|
37
Diageo
DEO
$52.6B
| $15.2M | 0.63% |
131,570
-925
| -0.7% | -$104K |
|
|
38
Dollar Tree
DLTR
$25.3B
| $14.2M | 0.58% |
+181,061
| New | +$13.9M |
|
|
LEXEA
39
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $14M | 0.58% |
308,000
-10,160
| -3% | -$447K |
|
|
XOXO
40
DELISTED
Xo Group Inc
XOXO
| $13.5M | 0.56% |
785,346
+1,760
| +0.2% | +$32.1K |
|
41
Murphy USA
MUSA
$10.5B
| $12.3M | 0.51% |
167,614
+2,370
| +1% | +$156K |
|
42
Liberty Media Series C
FWONK
$26.3B
| $12M | 0.49% |
362,001
-8,171
| -2% | -$252K |
|
|
43
National CineMedia
NCMI
$239M
| $11.9M | 0.49% |
93,970
+9,413
| +11% | +$1.27M |
|
44
Amazon
AMZN
$2.79T
| $11M | 0.45% |
249,200
| – | – |
|
|
CCRD
45
DELISTED
CoreCard
CCRD
| $10.4M | 0.43% |
2,270,000
| – | – |
|
46
CVS Health
CVS
$119B
| $9.59M | 0.39% |
122,123
+961
| +0.8% | +$76.7K |
|
|
EQC
47
DELISTED
Equity Commonwealth
EQC
| $7.93M | 0.33% |
254,000
-2,000
| -0.8% | -$62K |
|
48
Halliburton
HAL
$29.4B
| $6.25M | 0.26% |
126,980
-177
| -0.1% | -$9.52K |
|
|
TFCF
49
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $5.23M | 0.21% |
164,490
-146,015
| -47% | -$4.39M |
|
50
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $5.08M | 0.21% |
215,000
-5,700
| -3% | -$122K |
|
Similar funds
Wallace Weitz's Q1 2017 Portfolio in Review
As of Q1 2017, Wallace Weitz held 88 positions worth $2.43B, down 3.4% from $2.52B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Wallace Weitz withdrew a net $328M in Q1 2017, closing 5 positions and reducing 45 holdings. Its most notable exit was TransDigm Group, an estimated $63.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 31% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Wallace Weitz opened a new position in Dollar Tree worth $14.2M.
- Wallace Weitz's largest Q1 2017 buy was Dollar Tree: 181,061 shares worth $14.2M.
- Wallace Weitz added most to Compass Minerals in Q1 2017, an estimated $2.02M increase.
- Wallace Weitz's biggest Q1 2017 reduction was Allergan plc, cutting an estimated $29.2M.
- Wallace Weitz fully exited TransDigm Group in Q1 2017, selling an estimated $63.7M.
- Wallace Weitz's ten largest holdings make up 50% of its $2.43B portfolio in Q1 2017.
- Wallace Weitz opened 2 new positions and closed 5 in Q1 2017.
- Wallace Weitz's portfolio value fell 3.4% quarter-over-quarter to $2.43B.
Based on Weitz Investment Management's 13F filing for Q1 2017, filed 15 May 2017.