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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
+8.38%
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
$1.74B
AUM Growth
-$29.4M
Cap. Flow
-$136M
Cap. Flow %
-7.85%
Top 10 Hldgs %
46.53%
Holding
59
New
1
Increased
13
Reduced
16
Closed
5

Top Buys

Rank Stock Value
1
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$6.02M
2
LYV icon
Live Nation Entertainment
LYV
+$4.51M
3
DHR icon
Danaher
DHR
+$4.49M
4
MSFT icon
Microsoft
MSFT
+$3.83M
5
ACN icon
Accenture
ACN
+$3.35M

Top Sells

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$60.5M
2
FRC
First Republic Bank
FRC
+$14.3M
3
FIS icon
Fidelity National Information Services
FIS
+$14.3M
4
META icon
Meta Platforms (Facebook)
META
+$11.9M
5
AXTA icon
Axalta
AXTA
+$10.3M

Sector Composition

Rank Sector Weight
1 Communication Services 22.8%
2 Technology 22.73%
3 Financials 22.73%
4 Healthcare 9.56%
5 Materials 7.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
51
Charter Communications
CHTR
$17.9B
$1.79M 0.1%
5,000
– –
MKTX icon
52
MarketAxess Holdings
MKTX
$5.71B
– –
-18,000
Closed -$5.02M
RWT
53
Redwood Trust
RWT
$603M
– –
-125,485
Closed -$848K
SCHW
54
Charles Schwab
SCHW
$194B
– –
-726,426
Closed -$60.5M
QVCGA
55
DELISTED
QVC Group Inc Series A
QVCGA
– –
-6,000
Closed -$489K
FRC
56
DELISTED
First Republic Bank
FRC
– –
-117,450
Closed -$14.3M
1 2
3

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Wallace Weitz's Q1 2023 Portfolio in Review

As of Q1 2023, Wallace Weitz held 59 positions worth $1.74B, down 1.7% from $1.76B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Wallace Weitz withdrew a net $136M in Q1 2023, closing 5 positions and reducing 16 holdings. Its most notable exit was Charles Schwab, an estimated $60.5M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 23% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Wallace Weitz opened a new position in Live Nation Entertainment worth $4.3M.

  • Wallace Weitz's largest Q1 2023 buy was Live Nation Entertainment: 61,500 shares worth $4.3M.
  • Wallace Weitz added most to Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q1 2023, an estimated $6.02M increase.
  • Wallace Weitz's biggest Q1 2023 reduction was Fidelity National Information Services, cutting an estimated $14.3M.
  • Wallace Weitz fully exited Charles Schwab in Q1 2023, selling an estimated $60.5M.
  • Wallace Weitz's ten largest holdings make up 47% of its $1.74B portfolio in Q1 2023.
  • Wallace Weitz opened 1 new position and closed 5 in Q1 2023.
  • Wallace Weitz's portfolio value fell 1.7% quarter-over-quarter to $1.74B.

Based on Weitz Investment Management's 13F filing for Q1 2023, filed 12 May 2023.