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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
+6.51%
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
$2.46B
AUM Growth
+$104M
Cap. Flow
-$80.5M
Cap. Flow %
-3.28%
Top 10 Hldgs %
50.55%
Holding
80
New
1
Increased
14
Reduced
24
Closed
1

Top Buys

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$42.9M
2
SUM
Summit Materials, Inc. Class A Common Stock
SUM
+$31.3M
3
MRVL icon
Marvell Technology
MRVL
+$26.4M
4
META icon
Meta Platforms (Facebook)
META
+$18.3M
5
VMC icon
Vulcan Materials
VMC
+$13.8M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$42.6M
2
AGN
Allergan plc
AGN
+$26.6M
3
V icon
Visa
V
+$18.9M
4
LBRDK
Liberty Broadband Class C
LBRDK
+$18.7M
5
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$14.5M

Sector Composition

Rank Sector Weight
1 Communication Services 29.76%
2 Financials 28.66%
3 Healthcare 12.37%
4 Technology 10.41%
5 Consumer Discretionary 5.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMP icon
51
Compass Minerals
CMP
$1.09B
$9.61M 0.39%
143,000
– –
BKNG icon
52
Booking.com
BKNG
$158B
$9.44M 0.38%
118,925
– –
EQC
53
DELISTED
Equity Commonwealth
EQC
$8.02M 0.33%
250,000
-4,000
-2% -$127K
MKL icon
54
Markel Group
MKL
$22.2B
$7.13M 0.29%
6,000
– –
GWRE icon
55
Guidewire Software
GWRE
$15.8B
$7.07M 0.29%
70,000
– –
BATRK icon
56
Atlanta Braves Holdings Series B
BATRK
$3.33B
$6.68M 0.27%
245,000
– –
LGF.B
57
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$3.5M 0.14%
150,000
– –
LGF.A
58
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
$3.05M 0.12%
125,000
– –
FWONA icon
59
Liberty Media Series A
FWONA
$24.2B
$2.76M 0.11%
80,946
– –
FBIN icon
60
Fortune Brands Innovations
FBIN
$5.32B
$2.62M 0.11%
58,500
– –
MUSA icon
61
Murphy USA
MUSA
$10.5B
$2.56M 0.1%
30,000
-28,400
-49% -$2.34M
MSFT icon
62
Microsoft
MSFT
$3.59T
$1.72M 0.07%
15,000
– –
BUD icon
63
AB InBev
BUD
$155B
$1.49M 0.06%
17,000
– –
JPM icon
64
JPMorgan Chase
JPM
$935B
$1.41M 0.06%
12,500
– –
MLM icon
65
Martin Marietta Materials
MLM
$32.1B
$1.36M 0.06%
7,500
+1,000
+15% +$206K
MDLZ icon
66
Mondelez International
MDLZ
$82.3B
$1.29M 0.05%
30,000
– –
VTI icon
67
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
$1.21M 0.05%
8,068
– –
BATRA icon
68
Atlanta Braves Holdings Series A
BATRA
$3.64B
$846K 0.03%
31,000
– –
VEA icon
69
Vanguard FTSE Developed Markets ETF
VEA
$239B
$716K 0.03%
16,555
– –
BSV icon
70
Vanguard Short-Term Bond ETF
BSV
$45.6B
$366K 0.01%
4,692
– –
IWB icon
71
iShares Russell 1000 ETF
IWB
$49.3B
$307K 0.01%
1,898
– –
TFCF
72
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$266K 0.01%
5,808
– –
BIV icon
73
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$191K 0.01%
2,371
– –
GOOGL icon
74
Alphabet (Google) Class A
GOOGL
$4.22T
$177K 0.01%
2,940
+420
+17% +$25.4K
SPY icon
75
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$52K ﹤0.01%
180
– –
1 2
3
4

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Wallace Weitz's Q3 2018 Portfolio in Review

As of Q3 2018, Wallace Weitz held 80 positions worth $2.46B, up 4.4% from $2.35B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Wallace Weitz withdrew a net $80.5M in Q3 2018, closing 1 position and reducing 24 holdings. Its most notable exit was Xo Group Inc, an estimated $132K position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Wallace Weitz opened a new position in Charles Schwab worth $41.2M.

  • Wallace Weitz's largest Q3 2018 buy was Charles Schwab: 839,139 shares worth $41.2M.
  • Wallace Weitz added most to Summit Materials, Inc. Class A Common Stock in Q3 2018, an estimated $31.3M increase.
  • Wallace Weitz's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $42.6M.
  • Wallace Weitz fully exited Xo Group Inc in Q3 2018, selling an estimated $132K.
  • Wallace Weitz's ten largest holdings make up 51% of its $2.46B portfolio in Q3 2018.
  • Wallace Weitz opened 1 new position and closed 1 in Q3 2018.
  • Wallace Weitz's portfolio value rose 4.4% quarter-over-quarter to $2.46B.

Based on Weitz Investment Management's 13F filing for Q3 2018, filed 13 Nov 2018.