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 |
Charter Communications
CHTR
|
+$32.8M |
| 2 |
VeriSign
VRSN
|
+$14.4M |
| 3 |
Global Payments
GPN
|
+$11.9M |
| 4 |
Aon
AON
|
+$4.23M |
| 5 |
Fidelity National Information Services
FIS
|
+$3.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$35.8M |
| 2 |
Linde
LIN
|
+$18.2M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$14.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$11.2M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$10.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.37% |
| 2 | Communication Services | 20.99% |
| 3 | Technology | 19.78% |
| 4 | Healthcare | 10.92% |
| 5 | Industrials | 8.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Gartner
IT
$12.4B
| $30.7M | 1.55% |
64,425
-19,075
| -23% | -$8.78M |
|
27
Texas Instruments
TXN
$241B
| $29.6M | 1.5% |
170,101
| – | – |
|
28
S&P Global
SPGI
$127B
| $29.3M | 1.48% |
68,875
-2,500
| -4% | -$1.08M |
|
29
HEICO Corp Class A
HEI.A
$36.5B
| $28.2M | 1.42% |
183,300
| – | – |
|
30
Perimeter Solutions
PRM
$5.15B
| $27M | 1.36% |
3,635,000
| – | – |
|
31
Martin Marietta Materials
MLM
$32.1B
| $25M | 1.26% |
40,675
-8,625
| -17% | -$4.71M |
|
32
Liberty Global Class C
LBTYK
$3.55B
| $24.8M | 1.25% |
1,406,500
| – | – |
|
33
Microchip Technology
MCHP
$41.3B
| $23.3M | 1.18% |
259,600
| – | – |
|
34
LKQ Corp
LKQ
$6.52B
| $22M | 1.11% |
412,250
| – | – |
|
35
Microsoft
MSFT
$3.59T
| $18.4M | 0.93% |
43,800
-13,700
| -24% | -$5.55M |
|
36
IDEX
IEX
$17.3B
| $16.3M | 0.82% |
66,900
| – | – |
|
37
Adobe
ADBE
$109B
| $15.1M | 0.76% |
30,000
| – | – |
|
38
Guidewire Software
GWRE
$15.8B
| $14.3M | 0.72% |
122,100
| – | – |
|
|
39
VeriSign
VRSN
$25.5B
| $13.9M | 0.7% |
+73,300
| New | +$14.4M |
|
40
Liberty Live Group Series C
LLYVK
$9.7B
| $13.8M | 0.7% |
315,000
| – | – |
|
41
ACI Worldwide
ACIW
$5.24B
| $12.4M | 0.62% |
372,000
| – | – |
|
|
LSXMA
42
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $9.21M | 0.46% |
310,000
| – | – |
|
|
LBRDA
43
DELISTED
Liberty Broadband Class A
LBRDA
| $8M | 0.4% |
140,000
| – | – |
|
44
Live Nation Entertainment
LYV
$42.4B
| $6.45M | 0.33% |
61,000
| – | – |
|
|
CCRD
45
DELISTED
CoreCard
CCRD
| $5.69M | 0.29% |
515,000
+5,000
| +1% | +$59.5K |
|
46
Diageo
DEO
$52.6B
| $4.21M | 0.21% |
28,300
+7,800
| +38% | +$1.14M |
|
47
JPMorgan Chase
JPM
$935B
| $4.11M | 0.21% |
20,500
-3,000
| -13% | -$541K |
|
48
Fortive
FTV
$18.1B
| $3.51M | 0.18% |
54,142
| – | – |
|
|
49
Liberty Live Group Series A
LLYVA
$9.36B
| $3.28M | 0.17% |
77,500
| – | – |
|
|
50
Linde
LIN
$225B
| $3.2M | 0.16% |
6,900
-42,000
| -86% | -$18.2M |
|
Similar funds
Wallace Weitz's Q1 2024 Portfolio in Review
As of Q1 2024, Wallace Weitz held 56 positions worth $1.98B, up 4.4% from $1.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Wallace Weitz withdrew a net $74.5M in Q1 2024, closing 2 positions and reducing 16 holdings. Its most notable exit was Markel Group, an estimated $35.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Wallace Weitz opened a new position in VeriSign worth $13.9M.
- Wallace Weitz's largest Q1 2024 buy was VeriSign: 73,300 shares worth $13.9M.
- Wallace Weitz added most to Charter Communications in Q1 2024, an estimated $32.8M increase.
- Wallace Weitz's biggest Q1 2024 reduction was Linde, cutting an estimated $18.2M.
- Wallace Weitz fully exited Markel Group in Q1 2024, selling an estimated $35.8M.
- Wallace Weitz's ten largest holdings make up 47% of its $1.98B portfolio in Q1 2024.
- Wallace Weitz opened 1 new position and closed 2 in Q1 2024.
- Wallace Weitz's portfolio value rose 4.4% quarter-over-quarter to $1.98B.
Based on Weitz Investment Management's 13F filing for Q1 2024, filed 13 May 2024.