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 |
Old Dominion Freight Line
ODFL
|
+$39.6M |
| 2 |
IDEX
IEX
|
+$37.2M |
| 3 |
Aon
AON
|
+$30.4M |
| 4 |
Global Payments
GPN
|
+$23.1M |
| 5 |
CarMax
KMX
|
+$8.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$23.7M |
| 2 |
Analog Devices
ADI
|
+$18.8M |
| 3 |
Amazon
AMZN
|
+$16.1M |
| 4 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$15.7M |
| 5 |
Vulcan Materials
VMC
|
+$12.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.19% |
| 2 | Technology | 19.46% |
| 3 | Communication Services | 18.39% |
| 4 | Industrials | 12.52% |
| 5 | Healthcare | 10.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LBRDK
26
DELISTED
Liberty Broadband Class C
LBRDK
| $29.1M | 1.53% |
530,500
-80,000
| -13% | -$4.13M |
|
27
Gartner
IT
$12.4B
| $28.9M | 1.52% |
64,425
| – | – |
|
28
HEICO Corp Class A
HEI.A
$36.5B
| $28.9M | 1.52% |
162,900
-20,400
| -11% | -$3.45M |
|
29
Veralto
VLTO
$24.1B
| $28.5M | 1.5% |
298,699
-60,000
| -17% | -$5.74M |
|
30
Perimeter Solutions
PRM
$5.15B
| $28.1M | 1.47% |
3,585,000
-50,000
| -1% | -$374K |
|
31
Liberty Global Class C
LBTYK
$3.55B
| $24.7M | 1.3% |
1,386,500
-20,000
| -1% | -$348K |
|
32
Salesforce
CRM
$171B
| $24.4M | 1.28% |
95,000
-15,000
| -14% | -$4.01M |
|
|
LSXMK
33
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $24.1M | 1.27% |
1,088,000
-660,000
| -38% | -$15.7M |
|
34
Microchip Technology
MCHP
$41.3B
| $23.8M | 1.25% |
259,600
| – | – |
|
35
Adobe
ADBE
$109B
| $22.2M | 1.17% |
40,000
+10,000
| +33% | +$4.84M |
|
36
Martin Marietta Materials
MLM
$32.1B
| $22M | 1.16% |
40,675
| – | – |
|
37
LKQ Corp
LKQ
$6.52B
| $19.1M | 1% |
458,100
+45,850
| +11% | +$2.05M |
|
38
Microsoft
MSFT
$3.59T
| $18.3M | 0.96% |
40,950
-2,850
| -7% | -$1.2M |
|
39
VeriSign
VRSN
$25.5B
| $15.4M | 0.81% |
86,500
+13,200
| +18% | +$2.35M |
|
40
ACI Worldwide
ACIW
$5.24B
| $14.7M | 0.77% |
372,000
| – | – |
|
41
Guidewire Software
GWRE
$15.8B
| $14M | 0.74% |
101,800
-20,300
| -17% | -$2.44M |
|
|
LBRDA
42
DELISTED
Liberty Broadband Class A
LBRDA
| $7.64M | 0.4% |
140,000
| – | – |
|
|
CCRD
43
DELISTED
CoreCard
CCRD
| $7.51M | 0.39% |
515,000
| – | – |
|
|
LSXMA
44
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $6.87M | 0.36% |
310,000
| – | – |
|
45
Comcast
CMCSA
$95.3B
| $3.72M | 0.2% |
95,000
+28,500
| +43% | +$1.12M |
|
46
Diageo
DEO
$52.6B
| $3.57M | 0.19% |
28,300
| – | – |
|
47
Bio-Techne
TECH
$11.3B
| $3.16M | 0.17% |
+44,100
| New | +$3.25M |
|
48
Linde
LIN
$225B
| $3.03M | 0.16% |
6,900
| – | – |
|
49
Fortive
FTV
$18.1B
| $3.02M | 0.16% |
54,142
| – | – |
|
50
Liberty Live Group Series C
LLYVK
$9.7B
| $2.87M | 0.15% |
75,000
-240,000
| -76% | -$9.3M |
|
Similar funds
Wallace Weitz's Q2 2024 Portfolio in Review
As of Q2 2024, Wallace Weitz held 56 positions worth $1.91B, down 3.8% from $1.98B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Wallace Weitz's Q2 2024 filing shows 2 new, 11 increased, 23 reduced and 3 closed positions. Its largest new stake was Old Dominion Freight Line: 209,900 shares worth $37.1M. The largest sale was Alphabet (Google) Class C, an estimated $23.7M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.
- Wallace Weitz's largest Q2 2024 buy was Old Dominion Freight Line: 209,900 shares worth $37.1M.
- Wallace Weitz added most to IDEX in Q2 2024, an estimated $37.2M increase.
- Wallace Weitz's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $23.7M.
- Wallace Weitz fully exited Live Nation Entertainment in Q2 2024, selling an estimated $6.45M.
- Wallace Weitz's ten largest holdings make up 47% of its $1.91B portfolio in Q2 2024.
- Wallace Weitz opened 2 new positions and closed 3 in Q2 2024.
- Wallace Weitz's portfolio value fell 3.8% quarter-over-quarter to $1.91B.
Based on Weitz Investment Management's 13F filing for Q2 2024, filed 14 Aug 2024.