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 |
Gartner
IT
|
+$37.1M |
| 2 |
Meta Platforms (Facebook)
META
|
+$22.6M |
| 3 |
CoStar Group
CSGP
|
+$20.8M |
| 4 |
CarMax
KMX
|
+$15.6M |
| 5 |
Amazon
AMZN
|
+$6.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCHW
Charles Schwab
SCHW
|
+$44.9M |
| 2 |
Aon
AON
|
+$27.1M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$22.8M |
| 4 |
AutoZone
AZO
|
+$17.3M |
| 5 |
JPMorgan Chase
JPM
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.78% |
| 2 | Communication Services | 25.12% |
| 3 | Technology | 16.41% |
| 4 | Consumer Discretionary | 8.68% |
| 5 | Healthcare | 7.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
S&P Global
SPGI
$127B
| $30.5M | 1.35% |
74,300
+5,501
| +8% | +$2.24M |
|
27
Accenture
ACN
$113B
| $30.1M | 1.34% |
89,400
+1,168
| +1% | +$394K |
|
28
Oracle
ORCL
$422B
| $29.8M | 1.32% |
360,500
-1,642
| -0.5% | -$133K |
|
29
Linde
LIN
$225B
| $27M | 1.19% |
84,386
| – | – |
|
30
Martin Marietta Materials
MLM
$32.1B
| $25.9M | 1.15% |
67,250
+1,068
| +2% | +$414K |
|
31
Salesforce
CRM
$171B
| $25.5M | 1.13% |
120,000
| – | – |
|
32
Comcast
CMCSA
$95.3B
| $25.2M | 1.12% |
537,843
-25,000
| -4% | -$1.2M |
|
33
Perimeter Solutions
PRM
$5.15B
| $24.3M | 1.08% |
2,010,000
| – | – |
|
|
BKI
34
DELISTED
Black Knight, Inc. Common Stock
BKI
| $24.2M | 1.07% |
418,000
+5,000
| +1% | +$330K |
|
35
HEICO Corp Class A
HEI.A
$36.5B
| $22.3M | 0.99% |
175,500
| – | – |
|
|
LBRDA
36
DELISTED
Liberty Broadband Class A
LBRDA
| $21.5M | 0.95% |
163,750
| – | – |
|
37
LKQ Corp
LKQ
$6.52B
| $19.7M | 0.87% |
433,700
-128,300
| -23% | -$6.56M |
|
|
LSXMA
38
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $19.2M | 0.85% |
571,620
| – | – |
|
39
Axalta
AXTA
$7.75B
| $18M | 0.8% |
733,500
| – | – |
|
40
Guidewire Software
GWRE
$15.8B
| $17.6M | 0.78% |
186,300
+5,500
| +3% | +$526K |
|
41
Liberty Latin America Class C
LILAK
$1.64B
| $17M | 0.75% |
1,945,482
| – | – |
|
|
CCRD
42
DELISTED
CoreCard
CCRD
| $16.7M | 0.74% |
610,000
-5,000
| -0.8% | -$170K |
|
|
FRC
43
DELISTED
First Republic Bank
FRC
| $16.1M | 0.71% |
99,050
| – | – |
|
44
MarketAxess Holdings
MKTX
$5.71B
| $14.6M | 0.65% |
42,800
| – | – |
|
45
IDEX
IEX
$17.3B
| $13.8M | 0.61% |
71,900
+1,456
| +2% | +$295K |
|
46
ACI Worldwide
ACIW
$5.24B
| $10.6M | 0.47% |
335,700
| – | – |
|
47
Ingersoll Rand
IR
$31.2B
| $6.55M | 0.29% |
130,000
| – | – |
|
48
Dolby
DLB
$6.11B
| $6.34M | 0.28% |
81,000
+31,000
| +62% | +$2.49M |
|
49
Microsoft
MSFT
$3.59T
| $5.62M | 0.25% |
18,221
+200
| +1% | +$60.2K |
|
|
QVCGA
50
DELISTED
QVC Group Inc Series A
QVCGA
| $3.62M | 0.16% |
15,200
-6,800
| -31% | -$2.17M |
|
Similar funds
Wallace Weitz's Q1 2022 Portfolio in Review
As of Q1 2022, Wallace Weitz held 60 positions worth $2.26B, down 9.5% from $2.49B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Trading was light in Q1 2022: portfolio turnover was 1.7%. Wallace Weitz opened 1 new position and made no exits, leaving the 60-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 29% a quarter earlier, followed by Communication Services and Technology.
- Wallace Weitz's largest Q1 2022 buy was Gartner: 127,979 shares worth $38.1M.
- Wallace Weitz added most to Meta Platforms (Facebook) in Q1 2022, an estimated $22.6M increase.
- Wallace Weitz's biggest Q1 2022 reduction was Charles Schwab, cutting an estimated $44.9M.
- Wallace Weitz's ten largest holdings make up 45% of its $2.26B portfolio in Q1 2022.
- Wallace Weitz opened 1 new position and closed 0 in Q1 2022.
- Wallace Weitz's portfolio value fell 9.5% quarter-over-quarter to $2.26B.
Based on Weitz Investment Management's 13F filing for Q1 2022, filed 13 May 2022.