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 |
AutoZone
AZO
|
+$47.3M |
| 2 |
Aon
AON
|
+$12.4M |
| 3 |
Fidelity National Information Services
FIS
|
+$9.83M |
| 4 |
Meta Platforms (Facebook)
META
|
+$8.89M |
| 5 |
DNB
Dun & Bradstreet
DNB
|
+$7.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$194M |
| 2 |
Diageo
DEO
|
+$20.7M |
| 3 |
CarMax
KMX
|
+$18.9M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$15.3M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$14.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.86% |
| 2 | Communication Services | 24.05% |
| 3 | Technology | 15.38% |
| 4 | Consumer Discretionary | 9.47% |
| 5 | Materials | 7.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Box
BOX
$4.56B
| $28.6M | 1.26% |
1,244,000
+195,000
| +19% | +$3.8M |
|
27
Accenture
ACN
$113B
| $28.5M | 1.26% |
103,000
| – | – |
|
|
BKI
28
DELISTED
Black Knight, Inc. Common Stock
BKI
| $28.3M | 1.25% |
383,000
-10,000
| -3% | -$805K |
|
29
LKQ Corp
LKQ
$6.52B
| $28M | 1.24% |
662,000
+25,000
| +4% | +$983K |
|
30
JPMorgan Chase
JPM
$935B
| $27.8M | 1.23% |
182,500
-37,500
| -17% | -$5.4M |
|
|
CCRD
31
DELISTED
CoreCard
CCRD
| $26.4M | 1.17% |
645,000
-105,000
| -14% | -$4.3M |
|
32
Salesforce
CRM
$171B
| $25.4M | 1.12% |
120,000
| – | – |
|
33
S&P Global
SPGI
$127B
| $24.2M | 1.07% |
68,500
| – | – |
|
34
Martin Marietta Materials
MLM
$32.1B
| $23.7M | 1.04% |
70,450
| – | – |
|
35
Linde
LIN
$225B
| $23.5M | 1.04% |
84,000
-15,000
| -15% | -$3.89M |
|
36
Liberty Latin America Class C
LILAK
$1.64B
| $23M | 1.01% |
1,945,482
-85,553
| -4% | -$936K |
|
|
LBRDA
37
DELISTED
Liberty Broadband Class A
LBRDA
| $22.3M | 0.99% |
153,750
+20,000
| +15% | +$2.97M |
|
38
Axalta
AXTA
$7.75B
| $21.7M | 0.96% |
733,500
| – | – |
|
39
HEICO Corp Class A
HEI.A
$36.5B
| $19.9M | 0.88% |
175,500
| – | – |
|
40
ACI Worldwide
ACIW
$5.24B
| $19.8M | 0.88% |
521,300
-200,300
| -28% | -$7.9M |
|
|
LSXMA
41
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $18.5M | 0.82% |
571,620
| – | – |
|
42
Guidewire Software
GWRE
$15.8B
| $18.4M | 0.81% |
180,800
-7,500
| -4% | -$872K |
|
|
FRC
43
DELISTED
First Republic Bank
FRC
| $16.5M | 0.73% |
99,050
| – | – |
|
44
IDEX
IEX
$17.3B
| $14.6M | 0.64% |
69,700
| – | – |
|
|
QVCGA
45
DELISTED
QVC Group Inc Series A
QVCGA
| $12.9M | 0.57% |
22,000
-10,000
| -31% | -$6.16M |
|
|
DNB
46
DELISTED
Dun & Bradstreet
DNB
| $7.14M | 0.32% |
+300,000
| New | +$7.2M |
|
47
Ingersoll Rand
IR
$31.2B
| $6.4M | 0.28% |
130,000
-20,000
| -13% | -$925K |
|
|
RWT
48
Redwood Trust
RWT
$603M
| $5.85M | 0.26% |
562,000
-6,850
| -1% | -$65.8K |
|
49
Dolby
DLB
$6.11B
| $4.94M | 0.22% |
50,000
| – | – |
|
50
Microsoft
MSFT
$3.59T
| $4.13M | 0.18% |
17,500
| – | – |
|
Similar funds
Wallace Weitz's Q1 2021 Portfolio in Review
As of Q1 2021, Wallace Weitz held 68 positions worth $2.26B, down 3.5% from $2.35B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Wallace Weitz withdrew a net $274M in Q1 2021, closing 8 positions and reducing 25 holdings. Its most notable exit was Berkshire Hathaway Class A, an estimated $194M position sold in full.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 35% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Wallace Weitz opened a new position in Dun & Bradstreet worth $7.14M.
- Wallace Weitz's largest Q1 2021 buy was Dun & Bradstreet: 300,000 shares worth $7.14M.
- Wallace Weitz added most to AutoZone in Q1 2021, an estimated $47.3M increase.
- Wallace Weitz's biggest Q1 2021 reduction was Diageo, cutting an estimated $20.7M.
- Wallace Weitz fully exited Berkshire Hathaway Class A in Q1 2021, selling an estimated $194M.
- Wallace Weitz's ten largest holdings make up 44% of its $2.26B portfolio in Q1 2021.
- Wallace Weitz opened 1 new position and closed 8 in Q1 2021.
- Wallace Weitz's portfolio value fell 3.5% quarter-over-quarter to $2.26B.
Based on Weitz Investment Management's 13F filing for Q1 2021, filed 13 May 2021.