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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
+2.4%
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
$2.32B
AUM Growth
-$113M
Cap. Flow
-$199M
Cap. Flow %
-8.6%
Top 10 Hldgs %
52.78%
Holding
84
New
1
Increased
12
Reduced
39
Closed
10

Top Buys

Rank Stock Value
1
LILAK icon
Liberty Latin America Class C
LILAK
+$10.8M
2
DLTR icon
Dollar Tree
DLTR
+$9.54M
3
DXC icon
DXC Technology
DXC
+$4M
4
LH icon
Labcorp
LH
+$3.43M
5
CMP icon
Compass Minerals
CMP
+$2.58M

Top Sells

Rank Stock Value
1
ILG
ILG, Inc Common Stock
ILG
+$46.8M
2
WTW icon
Willis Towers Watson
WTW
+$22.7M
3
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$17.6M
4
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$16.2M
5
QVCGA
QVC Group Inc Series A
QVCGA
+$10.8M

Sector Composition

Rank Sector Weight
1 Communication Services 31.69%
2 Financials 24.08%
3 Healthcare 14.4%
4 Consumer Discretionary 8.77%
5 Technology 7.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FIS icon
76
Fidelity National Information Services
FIS
$21.3B
– –
-8,000
Closed -$637K
THR
77
DELISTED
Thermon Group Holdings
THR
– –
-16,868
Closed -$352K
VHT icon
78
Vanguard Health Care ETF
VHT
$19.7B
– –
-2,083
Closed -$287K
SUM
79
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-19,307
Closed -$463K
AVP
80
DELISTED
Avon Products, Inc.
AVP
– –
-131,000
Closed -$576K
ZOES
81
DELISTED
Zoe's Kitchen, Inc.
ZOES
– –
-43,408
Closed -$803K
ILG
82
DELISTED
ILG, Inc Common Stock
ILG
– –
-2,234,256
Closed -$46.8M
1 2 3
4

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Wallace Weitz's Q2 2017 Portfolio in Review

As of Q2 2017, Wallace Weitz held 84 positions worth $2.32B, down 4.7% from $2.43B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Wallace Weitz withdrew a net $199M in Q2 2017, closing 10 positions and reducing 39 holdings. Its most notable exit was ILG, Inc Common Stock, an estimated $46.8M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 33% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Wallace Weitz opened a new position in DXC Technology worth $4M.

  • Wallace Weitz's largest Q2 2017 buy was DXC Technology: 60,228 shares worth $4M.
  • Wallace Weitz added most to Liberty Latin America Class C in Q2 2017, an estimated $10.8M increase.
  • Wallace Weitz's biggest Q2 2017 reduction was Willis Towers Watson, cutting an estimated $22.7M.
  • Wallace Weitz fully exited ILG, Inc Common Stock in Q2 2017, selling an estimated $46.8M.
  • Wallace Weitz's ten largest holdings make up 53% of its $2.32B portfolio in Q2 2017.
  • Wallace Weitz opened 1 new position and closed 10 in Q2 2017.
  • Wallace Weitz's portfolio value fell 4.7% quarter-over-quarter to $2.32B.

Based on Weitz Investment Management's 13F filing for Q2 2017, filed 14 Aug 2017.