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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
+13.36%
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
$2.35B
AUM Growth
+$211M
Cap. Flow
-$71M
Cap. Flow %
-3.03%
Top 10 Hldgs %
45.43%
Holding
68
New
1
Increased
11
Reduced
21
Closed
1

Top Buys

Rank Stock Value
1
AON icon
Aon
AON
+$9.29M
2
FIS icon
Fidelity National Information Services
FIS
+$9.13M
3
KMX icon
CarMax
KMX
+$8.45M
4
LBRDK
Liberty Broadband Class C
LBRDK
+$4.96M
5
MKL icon
Markel Group
MKL
+$3.69M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$18.8M
2
RWT
Redwood Trust
RWT
+$10.4M
3
SCHW
Charles Schwab
SCHW
+$8.57M
4
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
+$7.29M
5
TMO icon
Thermo Fisher Scientific
TMO
+$6.33M

Sector Composition

Rank Sector Weight
1 Financials 34.55%
2 Communication Services 21.61%
3 Technology 15.4%
4 Materials 7.23%
5 Healthcare 7.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
51
Microsoft
MSFT
$3.59T
$3.89M 0.17%
17,500
– –
CHTR icon
52
Charter Communications
CHTR
$17.9B
$3.31M 0.14%
5,000
– –
BATRK icon
53
Atlanta Braves Holdings Series B
BATRK
$3.33B
$2.61M 0.11%
105,000
– –
HON icon
54
Honeywell
HON
$68.4B
$2.34M 0.1%
11,671
– –
AZO icon
55
AutoZone
AZO
$48.3B
$2.08M 0.09%
+1,750
New +$2.03M
FTV icon
56
Fortive
FTV
$18.1B
$1.77M 0.08%
33,175
-6,469
-16% -$333K
VTI icon
57
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
$1.57M 0.07%
8,068
– –
VEA icon
58
Vanguard FTSE Developed Markets ETF
VEA
$239B
$782K 0.03%
16,555
– –
BSV icon
59
Vanguard Short-Term Bond ETF
BSV
$45.6B
$389K 0.02%
4,692
– –
IWB icon
60
iShares Russell 1000 ETF
IWB
$49.3B
$349K 0.01%
1,648
– –
BATRA icon
61
Atlanta Braves Holdings Series A
BATRA
$3.64B
$274K 0.01%
11,000
– –
BIV icon
62
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$220K 0.01%
2,371
– –
AAPL icon
63
Apple
AAPL
$4.51T
$74K ﹤0.01%
560
– –
DD icon
64
DuPont de Nemours
DD
$18.7B
$13K ﹤0.01%
147
+71
+93% +$5.58K
GLIBA
65
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
– –
-89,000
Closed -$7.29M
1 2
3

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Wallace Weitz's Q4 2020 Portfolio in Review

As of Q4 2020, Wallace Weitz held 68 positions worth $2.35B, up 9.9% from $2.13B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Wallace Weitz withdrew a net $71M in Q4 2020, closing 1 position and reducing 21 holdings. Its most notable exit was GCI Liberty, Inc. Class A Common Stock (DE), an estimated $7.29M position sold in full.

By sector, the portfolio is most concentrated in Financials at 35% of assets, down from 35% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Wallace Weitz opened a new position in AutoZone worth $2.08M.

  • Wallace Weitz's largest Q4 2020 buy was AutoZone: 1,750 shares worth $2.08M.
  • Wallace Weitz added most to Aon in Q4 2020, an estimated $9.29M increase.
  • Wallace Weitz's biggest Q4 2020 reduction was Berkshire Hathaway Class B, cutting an estimated $18.8M.
  • Wallace Weitz fully exited GCI Liberty, Inc. Class A Common Stock (DE) in Q4 2020, selling an estimated $7.29M.
  • Wallace Weitz's ten largest holdings make up 45% of its $2.35B portfolio in Q4 2020.
  • Wallace Weitz opened 1 new position and closed 1 in Q4 2020.
  • Wallace Weitz's portfolio value rose 9.9% quarter-over-quarter to $2.35B.

Based on Weitz Investment Management's 13F filing for Q4 2020, filed 10 Feb 2021.