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 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$6.02M |
| 2 |
Live Nation Entertainment
LYV
|
+$4.51M |
| 3 |
Danaher
DHR
|
+$4.49M |
| 4 |
Microsoft
MSFT
|
+$3.83M |
| 5 |
Accenture
ACN
|
+$3.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCHW
Charles Schwab
SCHW
|
+$60.5M |
| 2 |
FRC
First Republic Bank
FRC
|
+$14.3M |
| 3 |
Fidelity National Information Services
FIS
|
+$14.3M |
| 4 |
Meta Platforms (Facebook)
META
|
+$11.9M |
| 5 |
Axalta
AXTA
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.8% |
| 2 | Technology | 22.73% |
| 3 | Financials | 22.73% |
| 4 | Healthcare | 9.56% |
| 5 | Materials | 7.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Adobe
ADBE
$109B
| $25M | 1.44% |
65,000
| – | – |
|
27
HEICO Corp Class A
HEI.A
$36.5B
| $24.9M | 1.44% |
183,500
| – | – |
|
|
28
Fidelity National Information Services
FIS
$21.3B
| $24.8M | 1.43% |
456,500
-219,400
| -32% | -$14.3M |
|
29
Martin Marietta Materials
MLM
$32.1B
| $23.6M | 1.36% |
66,550
+500
| +0.8% | +$175K |
|
30
LKQ Corp
LKQ
$6.52B
| $23.5M | 1.35% |
413,700
| – | – |
|
|
31
Microsoft
MSFT
$3.59T
| $21.8M | 1.25% |
75,500
+15,000
| +25% | +$3.83M |
|
32
Linde
LIN
$225B
| $20.9M | 1.2% |
58,750
| – | – |
|
|
BKI
33
DELISTED
Black Knight, Inc. Common Stock
BKI
| $18M | 1.04% |
313,000
-20,000
| -6% | -$1.2M |
|
34
Guidewire Software
GWRE
$15.8B
| $17.8M | 1.02% |
216,500
| – | – |
|
35
Perimeter Solutions
PRM
$5.15B
| $17M | 0.98% |
2,101,739
+101,739
| +5% | +$877K |
|
|
LBRDA
36
DELISTED
Liberty Broadband Class A
LBRDA
| $15.6M | 0.9% |
190,000
| – | – |
|
37
IDEX
IEX
$17.3B
| $15.5M | 0.89% |
67,100
| – | – |
|
|
CCRD
38
DELISTED
CoreCard
CCRD
| $15.2M | 0.88% |
505,000
-77,723
| -13% | -$2.48M |
|
39
Liberty Latin America Class C
LILAK
$1.64B
| $12.1M | 0.7% |
1,607,430
-110,000
| -6% | -$876K |
|
|
LSXMA
40
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $8.71M | 0.5% |
421,910
| – | – |
|
41
Dolby
DLB
$6.11B
| $6.79M | 0.39% |
79,500
| – | – |
|
|
42
Axalta
AXTA
$7.75B
| $4.95M | 0.29% |
163,377
-357,623
| -69% | -$10.3M |
|
43
ACI Worldwide
ACIW
$5.24B
| $4.89M | 0.28% |
181,306
+4,971
| +3% | +$132K |
|
44
Ingersoll Rand
IR
$31.2B
| $4.65M | 0.27% |
80,000
| – | – |
|
|
45
Live Nation Entertainment
LYV
$42.4B
| $4.3M | 0.25% |
+61,500
| New | +$4.51M |
|
46
JPMorgan Chase
JPM
$935B
| $3.06M | 0.18% |
23,500
+3,500
| +18% | +$480K |
|
47
Fortive
FTV
$18.1B
| $2.78M | 0.16% |
54,142
| – | – |
|
48
Diageo
DEO
$52.6B
| $2.66M | 0.15% |
14,700
+3,000
| +26% | +$529K |
|
49
Comcast
CMCSA
$95.3B
| $2.45M | 0.14% |
64,600
| – | – |
|
50
Honeywell
HON
$68.4B
| $2.2M | 0.13% |
12,202
| – | – |
|
Similar funds
Wallace Weitz's Q1 2023 Portfolio in Review
As of Q1 2023, Wallace Weitz held 59 positions worth $1.74B, down 1.7% from $1.76B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Wallace Weitz withdrew a net $136M in Q1 2023, closing 5 positions and reducing 16 holdings. Its most notable exit was Charles Schwab, an estimated $60.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, up from 20% a quarter earlier, followed by Technology and Financials.
Against the trend, Wallace Weitz opened a new position in Live Nation Entertainment worth $4.3M.
- Wallace Weitz's largest Q1 2023 buy was Live Nation Entertainment: 61,500 shares worth $4.3M.
- Wallace Weitz added most to Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q1 2023, an estimated $6.02M increase.
- Wallace Weitz's biggest Q1 2023 reduction was Fidelity National Information Services, cutting an estimated $14.3M.
- Wallace Weitz fully exited Charles Schwab in Q1 2023, selling an estimated $60.5M.
- Wallace Weitz's ten largest holdings make up 47% of its $1.74B portfolio in Q1 2023.
- Wallace Weitz opened 1 new position and closed 5 in Q1 2023.
- Wallace Weitz's portfolio value fell 1.7% quarter-over-quarter to $1.74B.
Based on Weitz Investment Management's 13F filing for Q1 2023, filed 12 May 2023.