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Wallace Weitz Weitz Investment Management

AUM $1.44B
1-Year Est. Return 3.53%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.21%
1 Year Est. Return
+3.53%
3 Year Est. Return
+36.06%
5 Year Est. Return
+41.29%
10 Year Est. Return
+224.48%
AUM
$2.66B
AUM Growth
+$187M
Cap. Flow
+$21.5M
Cap. Flow %
0.81%
Top 10 Hldgs %
46.25%
Holding
62
New
1
Increased
34
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$29M
2
RRC icon
Range Resources
RRC
+$12.6M
3
APA icon
APA Corp
APA
+$10.7M
4
WKC icon
World Kinect Corp
WKC
+$10M
5
RWT
Redwood Trust
RWT
+$9.76M

Top Sells

Rank Stock Value
1
OCR
OMNICARE INC
OCR
+$33.8M
2
DTV
DIRECTV COM STK (DE)
DTV
+$15.1M
3
AON icon
Aon
AON
+$9.98M
4
SD
SANDRIDGE ENERGY, INC.
SD
+$7.14M
5
MOS icon
The Mosaic Company
MOS
+$6.73M

Sector Composition

Rank Sector Weight
1 Technology 17.57%
2 Communication Services 15.96%
3 Financials 15.5%
4 Healthcare 13.68%
5 Consumer Discretionary 11.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PBH icon
51
Prestige Consumer Healthcare
PBH
$2.43B
$4.52M 0.17%
150,000
-100,000
-40% -$3.27M
WTW icon
52
Willis Towers Watson
WTW
$31.8B
$4.33M 0.16%
37,750
– –
CCRD
53
DELISTED
CoreCard
CCRD
$3.43M 0.13%
2,270,000
– –
BUD icon
54
AB InBev
BUD
$155B
$1.29M 0.05%
+13,000
New +$1.24M
USB icon
55
US Bancorp
USB
$96.7B
$732K 0.03%
20,000
– –
ESI
56
DELISTED
ITT EDUCATIONAL SERVICES INC
ESI
$712K 0.03%
22,960
-7,490
-25% -$211K
AAPL icon
57
Apple
AAPL
$4.51T
$381K 0.01%
22,400
– –
AVP
58
DELISTED
Avon Products, Inc.
AVP
$309K 0.01%
15,000
– –
ORCL icon
59
Oracle
ORCL
$422B
$299K 0.01%
9,000
– –
MOS icon
60
The Mosaic Company
MOS
$7.76B
– –
-125,000
Closed -$6.73M
SD
61
DELISTED
SANDRIDGE ENERGY, INC.
SD
– –
-1,500,000
Closed -$7.14M
1 2
3

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Wallace Weitz's Q3 2013 Portfolio in Review

As of Q3 2013, Wallace Weitz held 62 positions worth $2.66B, up 7.6% from $2.47B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 4.8%. Wallace Weitz opened 1 new position and exited 2, leaving the 62-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Communication Services and Financials.

  • Wallace Weitz's largest Q3 2013 buy was AB InBev: 13,000 shares worth $1.29M.
  • Wallace Weitz added most to TransDigm Group in Q3 2013, an estimated $29M increase.
  • Wallace Weitz's biggest Q3 2013 reduction was OMNICARE INC, cutting an estimated $33.8M.
  • Wallace Weitz fully exited SANDRIDGE ENERGY, INC. in Q3 2013, selling an estimated $7.14M.
  • Wallace Weitz's ten largest holdings make up 46% of its $2.66B portfolio in Q3 2013.
  • Wallace Weitz opened 1 new position and closed 2 in Q3 2013.
  • Wallace Weitz's portfolio value rose 7.6% quarter-over-quarter to $2.66B.

Based on Weitz Investment Management's 13F filing for Q3 2013, filed 13 Nov 2013.