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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
+8.78%
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
$2.26B
AUM Growth
-$81.3M
Cap. Flow
-$274M
Cap. Flow %
-12.09%
Top 10 Hldgs %
43.99%
Holding
68
New
1
Increased
14
Reduced
25
Closed
8

Top Buys

Rank Stock Value
1
AZO icon
AutoZone
AZO
+$47.3M
2
AON icon
Aon
AON
+$12.4M
3
FIS icon
Fidelity National Information Services
FIS
+$9.83M
4
META icon
Meta Platforms (Facebook)
META
+$8.89M
5
DNB
Dun & Bradstreet
DNB
+$7.2M

Top Sells

Rank Stock Value
1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$194M
2
DEO icon
Diageo
DEO
+$20.7M
3
KMX icon
CarMax
KMX
+$18.9M
4
SCHW
Charles Schwab
SCHW
+$15.3M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$14.6M

Sector Composition

Rank Sector Weight
1 Financials 28.86%
2 Communication Services 24.05%
3 Technology 15.38%
4 Consumer Discretionary 9.47%
5 Materials 7.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FHB icon
51
First Hawaiian
FHB
$3.2B
$4.11M 0.18%
150,000
-50,000
-25% -$1.34M
CHTR icon
52
Charter Communications
CHTR
$17.9B
$3.08M 0.14%
5,000
– –
DEO icon
53
Diageo
DEO
$52.6B
$2.96M 0.13%
18,000
-126,600
-88% -$20.7M
BATRK icon
54
Atlanta Braves Holdings Series B
BATRK
$3.33B
$2.92M 0.13%
105,000
– –
HON icon
55
Honeywell
HON
$68.4B
$2.39M 0.11%
11,671
– –
FTV icon
56
Fortive
FTV
$18.1B
$2.12M 0.09%
39,810
+6,635
+20% +$343K
BATRA icon
57
Atlanta Braves Holdings Series A
BATRA
$3.64B
$314K 0.01%
11,000
– –
AAPL icon
58
Apple
AAPL
$4.51T
– –
-560
Closed -$74K
BIV icon
59
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
– –
-2,371
Closed -$220K
BRK.A icon
60
Berkshire Hathaway Class A
BRK.A
$1.06T
– –
-558
Closed -$194M
BSV icon
61
Vanguard Short-Term Bond ETF
BSV
$45.6B
– –
-4,692
Closed -$389K
DD icon
62
DuPont de Nemours
DD
$18.7B
– –
-147
Closed -$13K
IWB icon
63
iShares Russell 1000 ETF
IWB
$49.3B
– –
-1,648
Closed -$349K
VEA icon
64
Vanguard FTSE Developed Markets ETF
VEA
$239B
– –
-16,555
Closed -$782K
VTI icon
65
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
– –
-8,068
Closed -$1.57M
1 2
3

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Wallace Weitz's Q1 2021 Portfolio in Review

As of Q1 2021, Wallace Weitz held 68 positions worth $2.26B, down 3.5% from $2.35B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Wallace Weitz withdrew a net $274M in Q1 2021, closing 8 positions and reducing 25 holdings. Its most notable exit was Berkshire Hathaway Class A, an estimated $194M position sold in full.

By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 35% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Wallace Weitz opened a new position in Dun & Bradstreet worth $7.14M.

  • Wallace Weitz's largest Q1 2021 buy was Dun & Bradstreet: 300,000 shares worth $7.14M.
  • Wallace Weitz added most to AutoZone in Q1 2021, an estimated $47.3M increase.
  • Wallace Weitz's biggest Q1 2021 reduction was Diageo, cutting an estimated $20.7M.
  • Wallace Weitz fully exited Berkshire Hathaway Class A in Q1 2021, selling an estimated $194M.
  • Wallace Weitz's ten largest holdings make up 44% of its $2.26B portfolio in Q1 2021.
  • Wallace Weitz opened 1 new position and closed 8 in Q1 2021.
  • Wallace Weitz's portfolio value fell 3.5% quarter-over-quarter to $2.26B.

Based on Weitz Investment Management's 13F filing for Q1 2021, filed 13 May 2021.