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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
+9.75%
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
$1.98B
AUM Growth
+$83.5M
Cap. Flow
-$74.5M
Cap. Flow %
-3.76%
Top 10 Hldgs %
46.77%
Holding
56
New
1
Increased
9
Reduced
16
Closed
2

Top Buys

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$32.8M
2
VRSN icon
VeriSign
VRSN
+$14.4M
3
GPN icon
Global Payments
GPN
+$11.9M
4
AON icon
Aon
AON
+$4.23M
5
FIS icon
Fidelity National Information Services
FIS
+$3.91M

Top Sells

Rank Stock Value
1
MKL icon
Markel Group
MKL
+$35.8M
2
LIN icon
Linde
LIN
+$18.2M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$14.8M
4
META icon
Meta Platforms (Facebook)
META
+$11.2M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 21.37%
2 Communication Services 20.99%
3 Technology 19.78%
4 Healthcare 10.92%
5 Industrials 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMCSA icon
51
Comcast
CMCSA
$95.3B
$2.88M 0.15%
66,500
+1,900
+3% +$82K
HON icon
52
Honeywell
HON
$68.4B
$2.32M 0.12%
11,989
– –
LILAK icon
53
Liberty Latin America Class C
LILAK
$1.64B
– –
-1,343,650
Closed -$8.97M
MKL icon
54
Markel Group
MKL
$22.2B
– –
-25,190
Closed -$35.8M
1 2
3

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Wallace Weitz's Q1 2024 Portfolio in Review

As of Q1 2024, Wallace Weitz held 56 positions worth $1.98B, up 4.4% from $1.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Wallace Weitz withdrew a net $74.5M in Q1 2024, closing 2 positions and reducing 16 holdings. Its most notable exit was Markel Group, an estimated $35.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Wallace Weitz opened a new position in VeriSign worth $13.9M.

  • Wallace Weitz's largest Q1 2024 buy was VeriSign: 73,300 shares worth $13.9M.
  • Wallace Weitz added most to Charter Communications in Q1 2024, an estimated $32.8M increase.
  • Wallace Weitz's biggest Q1 2024 reduction was Linde, cutting an estimated $18.2M.
  • Wallace Weitz fully exited Markel Group in Q1 2024, selling an estimated $35.8M.
  • Wallace Weitz's ten largest holdings make up 47% of its $1.98B portfolio in Q1 2024.
  • Wallace Weitz opened 1 new position and closed 2 in Q1 2024.
  • Wallace Weitz's portfolio value rose 4.4% quarter-over-quarter to $1.98B.

Based on Weitz Investment Management's 13F filing for Q1 2024, filed 13 May 2024.