Wallace Weitz Weitz Investment Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$53.6M |
| 2 |
GLIBA
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
|
+$27.8M |
| 3 |
CarMax
KMX
|
+$26.5M |
| 4 |
TUP
Tupperware Brands Corporation
TUP
|
+$25.4M |
| 5 |
Meta Platforms (Facebook)
META
|
+$18.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$44.3M |
| 2 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$42.6M |
| 3 |
Liberty Global Class C
LBTYK
|
+$25.2M |
| 4 |
Mastercard
MA
|
+$24.1M |
| 5 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.24% |
| 2 | Financials | 27.84% |
| 3 | Healthcare | 14.23% |
| 4 | Technology | 8.47% |
| 5 | Consumer Discretionary | 6.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Range Resources
RRC
$9.59B
| – | – |
-814,184
| Closed | -$13.9M |
|
77
Vanguard Dividend Appreciation ETF
VIG
$114B
| – | – |
-430
| Closed | -$44K |
|
|
CHUBA
78
DELISTED
CommerceHub, Inc. Series A Common Stock
CHUBA
| – | – |
-27,000
| Closed | -$594K |
|
|
CHUBK
79
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| – | – |
-54,000
| Closed | -$1.11M |
|
|
LVNTA
80
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| – | – |
-785,000
| Closed | -$42.6M |
|
Similar funds
Wallace Weitz's Q1 2018 Portfolio in Review
As of Q1 2018, Wallace Weitz held 83 positions worth $2.37B, down 1.5% from $2.4B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Wallace Weitz withdrew a net $102M in Q1 2018, closing 8 positions and reducing 30 holdings. Its most notable exit was Liberty Interactive Corporation Series A Liberty Ventures, an estimated $42.6M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Wallace Weitz opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $28M.
- Wallace Weitz's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 530,202 shares worth $28M.
- Wallace Weitz added most to Berkshire Hathaway Class A in Q1 2018, an estimated $53.6M increase.
- Wallace Weitz's biggest Q1 2018 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $44.3M.
- Wallace Weitz fully exited Liberty Interactive Corporation Series A Liberty Ventures in Q1 2018, selling an estimated $42.6M.
- Wallace Weitz's ten largest holdings make up 54% of its $2.37B portfolio in Q1 2018.
- Wallace Weitz opened 6 new positions and closed 8 in Q1 2018.
- Wallace Weitz's portfolio value fell 1.5% quarter-over-quarter to $2.37B.
Based on Weitz Investment Management's 13F filing for Q1 2018, filed 14 May 2018.