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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
+9.34%
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
$1.9B
AUM Growth
+$79.2M
Cap. Flow
-$79.7M
Cap. Flow %
-4.2%
Top 10 Hldgs %
45.07%
Holding
55
New
2
Increased
6
Reduced
24
Closed
–

Top Buys

Rank Stock Value
1
VLTO icon
Veralto
VLTO
+$26.8M
2
GPN icon
Global Payments
GPN
+$26.6M
3
CHTR icon
Charter Communications
CHTR
+$4.08M
4
ACIW icon
ACI Worldwide
ACIW
+$2.18M
5
KMX icon
CarMax
KMX
+$2.02M

Top Sells

Rank Stock Value
1
IT icon
Gartner
IT
+$22.6M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$16.6M
3
ADBE icon
Adobe
ADBE
+$15.9M
4
ROP icon
Roper Technologies
ROP
+$15.6M
5
GWRE icon
Guidewire Software
GWRE
+$8.92M

Sector Composition

Rank Sector Weight
1 Financials 22.2%
2 Communication Services 21.6%
3 Technology 19.66%
4 Healthcare 10.87%
5 Industrials 7.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
51
Comcast
CMCSA
$95.3B
$2.83M 0.15%
64,600
– –
LLYVA icon
52
Liberty Live Group Series A
LLYVA
$9.36B
$2.83M 0.15%
77,500
– –
HON icon
53
Honeywell
HON
$68.4B
$2.37M 0.12%
11,989
– –
1 2
3

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Wallace Weitz's Q4 2023 Portfolio in Review

As of Q4 2023, Wallace Weitz held 55 positions worth $1.9B, up 4.4% from $1.82B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Wallace Weitz withdrew a net $79.7M in Q4 2023, reducing 24 holdings. Its largest reduction was Gartner, cutting an estimated $22.6M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 23% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Wallace Weitz opened a new position in Veralto worth $29.5M.

  • Wallace Weitz's largest Q4 2023 buy was Veralto: 358,699 shares worth $29.5M.
  • Wallace Weitz added most to Charter Communications in Q4 2023, an estimated $4.08M increase.
  • Wallace Weitz's biggest Q4 2023 reduction was Gartner, cutting an estimated $22.6M.
  • Wallace Weitz's ten largest holdings make up 45% of its $1.9B portfolio in Q4 2023.
  • Wallace Weitz opened 2 new positions and closed 0 in Q4 2023.
  • Wallace Weitz's portfolio value rose 4.4% quarter-over-quarter to $1.9B.

Based on Weitz Investment Management's 13F filing for Q4 2023, filed 12 Feb 2024.