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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
-13.9%
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
$2.18B
AUM Growth
-$274M
Cap. Flow
+$59.6M
Cap. Flow %
2.73%
Top 10 Hldgs %
47.69%
Holding
86
New
7
Increased
28
Reduced
24
Closed
4

Top Buys

Rank Stock Value
1
BKI
Black Knight, Inc. Common Stock
BKI
+$32.9M
2
LIN icon
Linde
LIN
+$27.1M
3
SCHW
Charles Schwab
SCHW
+$21.9M
4
ADI icon
Analog Devices
ADI
+$20.9M
5
TDG icon
TransDigm Group
TDG
+$16M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$28.4M
2
PX
Praxair Inc
PX
+$27.6M
3
AGN
Allergan plc
AGN
+$20M
4
DISCK
Discovery, Inc. Series C Common Stock
DISCK
+$13.5M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$13.2M

Sector Composition

Rank Sector Weight
1 Financials 28.44%
2 Communication Services 27.05%
3 Technology 12.84%
4 Healthcare 9.98%
5 Consumer Discretionary 6.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TFCF
76
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$188K 0.01%
3,934
-1,874
-32% -$88.2K
SPY icon
77
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$45K ﹤0.01%
180
– –
AAPL icon
78
Apple
AAPL
$4.51T
$22K ﹤0.01%
560
– –
DD icon
79
DuPont de Nemours
DD
$18.7B
$6K ﹤0.01%
+46
New +$6.61K
GOOGL icon
80
Alphabet (Google) Class A
GOOGL
$4.22T
– –
-2,940
Closed -$177K
WFC icon
81
Wells Fargo
WFC
$254B
– –
-541,196
Closed -$28.4M
PXD
82
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-58,668
Closed -$10.2M
PX
83
DELISTED
Praxair Inc
PX
– –
-171,950
Closed -$27.6M
1 2 3
4

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Wallace Weitz's Q4 2018 Portfolio in Review

As of Q4 2018, Wallace Weitz held 86 positions worth $2.18B, down 11% from $2.46B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Wallace Weitz's Q4 2018 filing shows 7 new, 28 increased, 24 reduced and 4 closed positions. Its largest new stake was Black Knight, Inc. Common Stock: 702,100 shares worth $31.6M. The largest sale was Wells Fargo, an estimated $28.4M.

By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 29% a quarter earlier, followed by Communication Services and Technology.

  • Wallace Weitz's largest Q4 2018 buy was Black Knight, Inc. Common Stock: 702,100 shares worth $31.6M.
  • Wallace Weitz added most to Charles Schwab in Q4 2018, an estimated $21.9M increase.
  • Wallace Weitz's biggest Q4 2018 reduction was Allergan plc, cutting an estimated $20M.
  • Wallace Weitz fully exited Wells Fargo in Q4 2018, selling an estimated $28.4M.
  • Wallace Weitz's ten largest holdings make up 48% of its $2.18B portfolio in Q4 2018.
  • Wallace Weitz opened 7 new positions and closed 4 in Q4 2018.
  • Wallace Weitz's portfolio value fell 11% quarter-over-quarter to $2.18B.

Based on Weitz Investment Management's 13F filing for Q4 2018, filed 11 Feb 2019.