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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
+2.49%
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
$2.4B
AUM Growth
-$30.6M
Cap. Flow
-$134M
Cap. Flow %
-5.59%
Top 10 Hldgs %
53.23%
Holding
83
New
4
Increased
19
Reduced
23
Closed
6

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$22.7M
2
BKNG icon
Booking.com
BKNG
+$10M
3
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$9.2M
4
RWT
Redwood Trust
RWT
+$5.97M
5
AMZN icon
Amazon
AMZN
+$5.49M

Top Sells

Rank Stock Value
1
UPS icon
United Parcel Service
UPS
+$18.9M
2
QVCGA
QVC Group Inc Series A
QVCGA
+$18.1M
3
WFC icon
Wells Fargo
WFC
+$16.4M
4
FLIR
FLIR Systems, Inc. (DE) Common Stock
FLIR
+$12.9M
5
WBD icon
Warner Bros
WBD
+$10.6M

Sector Composition

Rank Sector Weight
1 Communication Services 30.44%
2 Financials 25.42%
3 Healthcare 13.73%
4 Technology 8.92%
5 Consumer Discretionary 8.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTW icon
76
Manitowoc
MTW
$710M
– –
-62,500
Closed -$2.25M
OEF icon
77
iShares S&P 100 ETF
OEF
$20.3B
– –
-128
Closed -$14K
UPS icon
78
United Parcel Service
UPS
$86.8B
– –
-157,736
Closed -$18.9M
WBD icon
79
Warner Bros
WBD
$71.6B
– –
-500,000
Closed -$10.6M
WTW icon
80
Willis Towers Watson
WTW
$31.8B
– –
-7,000
Closed -$1.08M
1 2 3
4

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Wallace Weitz's Q4 2017 Portfolio in Review

As of Q4 2017, Wallace Weitz held 83 positions worth $2.4B, down 1.3% from $2.43B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Wallace Weitz withdrew a net $134M in Q4 2017, closing 6 positions and reducing 23 holdings. Its most notable exit was United Parcel Service, an estimated $18.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 31% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Wallace Weitz opened a new position in Booking.com worth $9.59M.

  • Wallace Weitz's largest Q4 2017 buy was Booking.com: 138,000 shares worth $9.59M.
  • Wallace Weitz added most to Allergan plc in Q4 2017, an estimated $22.7M increase.
  • Wallace Weitz's biggest Q4 2017 reduction was QVC Group Inc Series A, cutting an estimated $18.1M.
  • Wallace Weitz fully exited United Parcel Service in Q4 2017, selling an estimated $18.9M.
  • Wallace Weitz's ten largest holdings make up 53% of its $2.4B portfolio in Q4 2017.
  • Wallace Weitz opened 4 new positions and closed 6 in Q4 2017.
  • Wallace Weitz's portfolio value fell 1.3% quarter-over-quarter to $2.4B.

Based on Weitz Investment Management's 13F filing for Q4 2017, filed 14 Feb 2018.