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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
-8.89%
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
$3.23B
AUM Growth
-$337M
Cap. Flow
-$5.56M
Cap. Flow %
-0.17%
Top 10 Hldgs %
40.92%
Holding
72
New
6
Increased
34
Reduced
19
Closed
5

Top Buys

Rank Stock Value
1
WBD icon
Warner Bros
WBD
+$85.1M
2
AGN
Allergan plc
AGN
+$57.6M
3
RRC icon
Range Resources
RRC
+$22.8M
4
EOG icon
EOG Resources
EOG
+$22.3M
5
FOSL icon
Fossil Group
FOSL
+$20.4M

Top Sells

Rank Stock Value
1
MLM icon
Martin Marietta Materials
MLM
+$99.2M
2
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$73.1M
3
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$38.5M
4
POST icon
Post Holdings
POST
+$23.2M
5
BHC icon
Bausch Health
BHC
+$20.2M

Sector Composition

Rank Sector Weight
1 Communication Services 28.75%
2 Financials 16.26%
3 Healthcare 12.3%
4 Consumer Discretionary 11.99%
5 Industrials 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISCK
51
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$16.2M 0.5%
668,721
-2,634,873
-80% -$73.1M
DEO icon
52
Diageo
DEO
$52.6B
$14.2M 0.44%
131,695
– –
LYV icon
53
Live Nation Entertainment
LYV
$42.4B
$13.5M 0.42%
560,500
-150,000
-21% -$3.85M
HAL icon
54
Halliburton
HAL
$29.4B
$10.3M 0.32%
291,930
+163,150
+127% +$6.42M
LILAK icon
55
Liberty Latin America Class C
LILAK
$1.64B
$10M 0.31%
+341,091
New +$11.6M
MUSA icon
56
Murphy USA
MUSA
$10.5B
$8.52M 0.26%
+155,000
New +$8.25M
ACIW icon
57
ACI Worldwide
ACIW
$5.24B
$7.75M 0.24%
367,000
-78,000
-18% -$1.76M
CCRD
58
DELISTED
CoreCard
CCRD
$6.4M 0.2%
2,270,000
– –
CMLS
59
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$2.73M 0.08%
485,000
+26,250
+6% +$297K
BUD icon
60
AB InBev
BUD
$155B
$1.59M 0.05%
15,000
+2,000
+15% +$232K
MSFT icon
61
Microsoft
MSFT
$3.59T
$1.33M 0.04%
30,000
-10,000
-25% -$449K
MRC
62
DELISTED
MRC Global
MRC
$704K 0.02%
63,110
– –
CMCSK
63
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
$372K 0.01%
6,500
– –
POST icon
64
Post Holdings
POST
$3.65B
$313K 0.01%
8,098
-592,192
-99% -$23.2M
CPGX
65
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
$183K 0.01%
+10,000
New +$261K
MNR
66
DELISTED
Monmouth Real Estate Investment Corp
MNR
$148K ﹤0.01%
15,200
– –
MLM icon
67
Martin Marietta Materials
MLM
$32.1B
– –
-700,680
Closed -$99.2M
PBH icon
68
Prestige Consumer Healthcare
PBH
$2.43B
– –
-160,000
Closed -$7.4M
WKC icon
69
World Kinect Corp
WKC
$1.84B
– –
-200,000
Closed -$9.59M
BHI
70
DELISTED
Baker Hughes
BHI
– –
-90,550
Closed -$5.59M
CTRX
71
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
– –
-630,219
Closed -$38.5M
1 2
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Wallace Weitz's Q3 2015 Portfolio in Review

As of Q3 2015, Wallace Weitz held 72 positions worth $3.23B, down 9.5% from $3.56B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Wallace Weitz's Q3 2015 filing shows 6 new, 34 increased, 19 reduced and 5 closed positions. Its largest new stake was Warner Bros: 2,875,000 shares worth $74.8M. The largest sale was Martin Marietta Materials, an estimated $99.2M.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 27% a quarter earlier, followed by Financials and Healthcare.

  • Wallace Weitz's largest Q3 2015 buy was Warner Bros: 2,875,000 shares worth $74.8M.
  • Wallace Weitz added most to Range Resources in Q3 2015, an estimated $22.8M increase.
  • Wallace Weitz's biggest Q3 2015 reduction was Discovery, Inc. Series C Common Stock, cutting an estimated $73.1M.
  • Wallace Weitz fully exited Martin Marietta Materials in Q3 2015, selling an estimated $99.2M.
  • Wallace Weitz's ten largest holdings make up 41% of its $3.23B portfolio in Q3 2015.
  • Wallace Weitz opened 6 new positions and closed 5 in Q3 2015.
  • Wallace Weitz's portfolio value fell 9.5% quarter-over-quarter to $3.23B.

Based on Weitz Investment Management's 13F filing for Q3 2015, filed 13 Nov 2015.