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Wallace Weitz Weitz Investment Management

AUM $1.44B
1-Year Est. Return 3.53%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+2.4%
1 Year Est. Return
+3.53%
3 Year Est. Return
+36.06%
5 Year Est. Return
+41.29%
10 Year Est. Return
+224.48%
AUM
$2.32B
AUM Growth
-$113M
Cap. Flow
-$199M
Cap. Flow %
-8.6%
Top 10 Hldgs %
52.78%
Holding
84
New
1
Increased
12
Reduced
39
Closed
10

Top Buys

Rank Stock Value
1
LILAK icon
Liberty Latin America Class C
LILAK
+$10.8M
2
DLTR icon
Dollar Tree
DLTR
+$9.54M
3
DXC icon
DXC Technology
DXC
+$4M
4
LH icon
Labcorp
LH
+$3.43M
5
CMP icon
Compass Minerals
CMP
+$2.58M

Top Sells

Rank Stock Value
1
ILG
ILG, Inc Common Stock
ILG
+$46.8M
2
WTW icon
Willis Towers Watson
WTW
+$22.7M
3
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$17.6M
4
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$16.2M
5
QVCGA
QVC Group Inc Series A
QVCGA
+$10.8M

Sector Composition

Rank Sector Weight
1 Communication Services 31.69%
2 Financials 24.08%
3 Healthcare 14.4%
4 Consumer Discretionary 8.77%
5 Technology 7.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALSN icon
26
Allison Transmission
ALSN
$11B
$24.8M 1.07%
660,305
-8,920
-1% -$333K
CMCSA icon
27
Comcast
CMCSA
$95.3B
$23.9M 1.03%
612,920
– –
MON
28
DELISTED
Monsanto Co
MON
$23.3M 1.01%
197,022
-3,329
-2% -$388K
TMO icon
29
Thermo Fisher Scientific
TMO
$233B
$23M 0.99%
131,545
-4,000
-3% -$672K
DLTR icon
30
Dollar Tree
DLTR
$25.3B
$21.3M 0.92%
304,620
+123,559
+68% +$9.54M
ACN icon
31
Accenture
ACN
$113B
$20.6M 0.89%
166,817
– –
RRC icon
32
Range Resources
RRC
$9.59B
$18.9M 0.82%
816,484
-9,720
-1% -$245K
PXD
33
DELISTED
Pioneer Natural Resource Co.
PXD
$17.9M 0.77%
112,208
-19,283
-15% -$3.3M
UPS icon
34
United Parcel Service
UPS
$86.8B
$17.4M 0.75%
157,736
+500
+0.3% +$53.4K
LSXMA
35
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$17.2M 0.74%
567,496
– –
DEO icon
36
Diageo
DEO
$52.6B
$15.7M 0.68%
131,000
-570
-0.4% -$67.9K
XOXO
37
DELISTED
Xo Group Inc
XOXO
$13.1M 0.56%
742,917
-42,429
-5% -$730K
FWONK icon
38
Liberty Media Series C
FWONK
$26.3B
$12.8M 0.55%
362,001
– –
MUSA icon
39
Murphy USA
MUSA
$10.5B
$11.3M 0.49%
152,896
-14,718
-9% -$1.03M
AMZN icon
40
Amazon
AMZN
$2.79T
$11.3M 0.49%
233,200
-16,000
-6% -$763K
LEXEA
41
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
$11.2M 0.48%
208,000
-100,000
-32% -$5.04M
CVS icon
42
CVS Health
CVS
$119B
$9.12M 0.39%
113,291
-8,832
-7% -$697K
CCRD
43
DELISTED
CoreCard
CCRD
$8.12M 0.35%
2,270,000
– –
EQC
44
DELISTED
Equity Commonwealth
EQC
$8.03M 0.35%
254,000
– –
BATRK icon
45
Atlanta Braves Holdings Series B
BATRK
$3.33B
$5.87M 0.25%
245,000
+30,000
+14% +$717K
CMP icon
46
Compass Minerals
CMP
$1.09B
$5.55M 0.24%
85,000
+38,752
+84% +$2.58M
HAL icon
47
Halliburton
HAL
$29.4B
$5.42M 0.23%
126,980
– –
NCMI icon
48
National CineMedia
NCMI
$239M
$5.19M 0.22%
70,000
-23,970
-26% -$2.24M
DXC icon
49
DXC Technology
DXC
$1.73B
$4M 0.17%
+60,228
New +$4M
LGF.B
50
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$3.94M 0.17%
150,000
– –
1
2
3 4

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Wallace Weitz's Q2 2017 Portfolio in Review

As of Q2 2017, Wallace Weitz held 84 positions worth $2.32B, down 4.7% from $2.43B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Wallace Weitz withdrew a net $199M in Q2 2017, closing 10 positions and reducing 39 holdings. Its most notable exit was ILG, Inc Common Stock, an estimated $46.8M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 33% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Wallace Weitz opened a new position in DXC Technology worth $4M.

  • Wallace Weitz's largest Q2 2017 buy was DXC Technology: 60,228 shares worth $4M.
  • Wallace Weitz added most to Liberty Latin America Class C in Q2 2017, an estimated $10.8M increase.
  • Wallace Weitz's biggest Q2 2017 reduction was Willis Towers Watson, cutting an estimated $22.7M.
  • Wallace Weitz fully exited ILG, Inc Common Stock in Q2 2017, selling an estimated $46.8M.
  • Wallace Weitz's ten largest holdings make up 53% of its $2.32B portfolio in Q2 2017.
  • Wallace Weitz opened 1 new position and closed 10 in Q2 2017.
  • Wallace Weitz's portfolio value fell 4.7% quarter-over-quarter to $2.32B.

Based on Weitz Investment Management's 13F filing for Q2 2017, filed 14 Aug 2017.