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 |
SiriusXM
SIRI
|
+$39.2M |
| 2 |
IDEX
IEX
|
+$9.12M |
| 3 |
Global Payments
GPN
|
+$8.35M |
| 4 |
Bio-Techne
TECH
|
+$233K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$24.1M |
| 2 |
Perimeter Solutions
PRM
|
+$13.1M |
| 3 |
Meta Platforms (Facebook)
META
|
+$11.1M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$8.8M |
| 5 |
S&P Global
SPGI
|
+$7.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.98% |
| 2 | Technology | 19.21% |
| 3 | Communication Services | 17.21% |
| 4 | Industrials | 14.07% |
| 5 | Healthcare | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
HEICO Corp Class A
HEI.A
$36.5B
| $33.2M | 1.64% |
162,900
| – | – |
|
27
Gartner
IT
$12.4B
| $32.6M | 1.61% |
64,425
| – | – |
|
28
Analog Devices
ADI
$182B
| $32.5M | 1.6% |
141,000
| – | – |
|
|
29
Perimeter Solutions
PRM
$5.15B
| $31.3M | 1.54% |
2,324,500
-1,260,500
| -35% | -$13.1M |
|
|
30
SiriusXM
SIRI
$9.67B
| $29.8M | 1.47% |
+1,261,999
| New | +$39.2M |
|
31
Liberty Global Class C
LBTYK
$3.55B
| $29.1M | 1.43% |
1,346,500
-40,000
| -3% | -$790K |
|
|
32
S&P Global
SPGI
$127B
| $28M | 1.38% |
54,225
-14,650
| -21% | -$7.25M |
|
33
Salesforce
CRM
$171B
| $26M | 1.28% |
95,000
| – | – |
|
34
Martin Marietta Materials
MLM
$32.1B
| $21.9M | 1.08% |
40,675
| – | – |
|
35
Microchip Technology
MCHP
$41.3B
| $20.8M | 1.03% |
259,600
| – | – |
|
36
Adobe
ADBE
$109B
| $20.7M | 1.02% |
40,000
| – | – |
|
37
LKQ Corp
LKQ
$6.52B
| $18.3M | 0.9% |
458,100
| – | – |
|
38
ACI Worldwide
ACIW
$5.24B
| $18.2M | 0.89% |
356,600
-15,400
| -4% | -$704K |
|
39
Guidewire Software
GWRE
$15.8B
| $17.7M | 0.87% |
96,700
-5,100
| -5% | -$775K |
|
40
Microsoft
MSFT
$3.59T
| $17.6M | 0.87% |
40,950
| – | – |
|
41
VeriSign
VRSN
$25.5B
| $12M | 0.59% |
63,150
-23,350
| -27% | -$4.21M |
|
|
LBRDA
42
DELISTED
Liberty Broadband Class A
LBRDA
| $10.8M | 0.53% |
140,000
| – | – |
|
|
CCRD
43
DELISTED
CoreCard
CCRD
| $7.48M | 0.37% |
515,000
| – | – |
|
44
Diageo
DEO
$52.6B
| $3.97M | 0.2% |
28,300
| – | – |
|
45
Comcast
CMCSA
$95.3B
| $3.97M | 0.2% |
95,000
| – | – |
|
|
46
Bio-Techne
TECH
$11.3B
| $3.77M | 0.19% |
47,200
+3,100
| +7% | +$233K |
|
47
Linde
LIN
$225B
| $3.29M | 0.16% |
6,900
| – | – |
|
48
Fortive
FTV
$18.1B
| $3.22M | 0.16% |
54,142
| – | – |
|
49
Honeywell
HON
$68.4B
| $2.34M | 0.12% |
11,989
| – | – |
|
50
Liberty Live Group Series C
LLYVK
$9.7B
| – | – |
-75,000
| Closed | -$2.87M |
|
Similar funds
Wallace Weitz's Q3 2024 Portfolio in Review
As of Q3 2024, Wallace Weitz held 54 positions worth $2.03B, up 6.4% from $1.91B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Wallace Weitz's Q3 2024 filing shows 1 new, 3 increased, 13 reduced and 4 closed positions. Its largest new stake was SiriusXM: 1,261,999 shares worth $29.8M. The largest sale was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, an estimated $24.1M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.
- Wallace Weitz's largest Q3 2024 buy was SiriusXM: 1,261,999 shares worth $29.8M.
- Wallace Weitz added most to IDEX in Q3 2024, an estimated $9.12M increase.
- Wallace Weitz's biggest Q3 2024 reduction was Perimeter Solutions, cutting an estimated $13.1M.
- Wallace Weitz fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2024, selling an estimated $24.1M.
- Wallace Weitz's ten largest holdings make up 46% of its $2.03B portfolio in Q3 2024.
- Wallace Weitz opened 1 new position and closed 4 in Q3 2024.
- Wallace Weitz's portfolio value rose 6.4% quarter-over-quarter to $2.03B.
Based on Weitz Investment Management's 13F filing for Q3 2024, filed 12 Nov 2024.