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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
+6.51%
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
$2.46B
AUM Growth
+$104M
Cap. Flow
-$80.5M
Cap. Flow %
-3.28%
Top 10 Hldgs %
50.55%
Holding
80
New
1
Increased
14
Reduced
24
Closed
1

Top Buys

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$42.9M
2
SUM
Summit Materials, Inc. Class A Common Stock
SUM
+$31.3M
3
MRVL icon
Marvell Technology
MRVL
+$26.4M
4
META icon
Meta Platforms (Facebook)
META
+$18.3M
5
VMC icon
Vulcan Materials
VMC
+$13.8M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$42.6M
2
AGN
Allergan plc
AGN
+$26.6M
3
V icon
Visa
V
+$18.9M
4
LBRDK
Liberty Broadband Class C
LBRDK
+$18.7M
5
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$14.5M

Sector Composition

Rank Sector Weight
1 Communication Services 29.76%
2 Financials 28.66%
3 Healthcare 12.37%
4 Technology 10.41%
5 Consumer Discretionary 5.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
76
Apple
AAPL
$4.51T
$32K ﹤0.01%
560
– –
XOXO
77
DELISTED
Xo Group Inc
XOXO
– –
-4,137
Closed -$132K
1 2 3
4

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Wallace Weitz's Q3 2018 Portfolio in Review

As of Q3 2018, Wallace Weitz held 80 positions worth $2.46B, up 4.4% from $2.35B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Wallace Weitz withdrew a net $80.5M in Q3 2018, closing 1 position and reducing 24 holdings. Its most notable exit was Xo Group Inc, an estimated $132K position sold in full.

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

Against the trend, Wallace Weitz opened a new position in Charles Schwab worth $41.2M.

  • Wallace Weitz's largest Q3 2018 buy was Charles Schwab: 839,139 shares worth $41.2M.
  • Wallace Weitz added most to Summit Materials, Inc. Class A Common Stock in Q3 2018, an estimated $31.3M increase.
  • Wallace Weitz's biggest Q3 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $42.6M.
  • Wallace Weitz fully exited Xo Group Inc in Q3 2018, selling an estimated $132K.
  • Wallace Weitz's ten largest holdings make up 51% of its $2.46B portfolio in Q3 2018.
  • Wallace Weitz opened 1 new position and closed 1 in Q3 2018.
  • Wallace Weitz's portfolio value rose 4.4% quarter-over-quarter to $2.46B.

Based on Weitz Investment Management's 13F filing for Q3 2018, filed 13 Nov 2018.