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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
+7.21%
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
$2.66B
AUM Growth
+$187M
Cap. Flow
+$21.5M
Cap. Flow %
0.81%
Top 10 Hldgs %
46.25%
Holding
62
New
1
Increased
34
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$29M
2
RRC icon
Range Resources
RRC
+$12.6M
3
APA icon
APA Corp
APA
+$10.7M
4
WKC icon
World Kinect Corp
WKC
+$10M
5
RWT
Redwood Trust
RWT
+$9.76M

Top Sells

Rank Stock Value
1
OCR
OMNICARE INC
OCR
+$33.8M
2
DTV
DIRECTV COM STK (DE)
DTV
+$15.1M
3
AON icon
Aon
AON
+$9.98M
4
SD
SANDRIDGE ENERGY, INC.
SD
+$7.14M
5
MOS icon
The Mosaic Company
MOS
+$6.73M

Sector Composition

Rank Sector Weight
1 Technology 17.57%
2 Communication Services 15.96%
3 Financials 15.5%
4 Healthcare 13.68%
5 Consumer Discretionary 11.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BHC icon
1
Bausch Health
BHC
$2.41B
$213M 8.02%
2,042,835
-52,395
-3% -$5.1M
AON icon
2
Aon
AON
$75.3B
$143M 5.38%
1,919,920
-145,510
-7% -$9.98M
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.06T
$127M 4.77%
1,115,992
+12,800
+1% +$1.48M
DTV
4
DELISTED
DIRECTV COM STK (DE)
DTV
$118M 4.45%
1,980,620
-245,280
-11% -$15.1M
RWT
5
Redwood Trust
RWT
$603M
$117M 4.42%
5,960,149
+547,740
+10% +$9.76M
LBTYK icon
6
Liberty Global Class C
LBTYK
$3.55B
$114M 4.28%
3,727,324
+82,324
+2% +$2.47M
TXN icon
7
Texas Instruments
TXN
$241B
$109M 4.09%
2,695,950
-114,100
-4% -$4.43M
WFC icon
8
Wells Fargo
WFC
$254B
$105M 3.96%
2,545,990
+3,790
+0.1% +$162K
QVCGA
9
DELISTED
QVC Group Inc Series A
QVCGA
$93.8M 3.53%
97,314
+6,638
+7% +$6.45M
APA icon
10
APA Corp
APA
$15.2B
$89.4M 3.36%
1,049,596
+128,620
+14% +$10.7M
ICON
11
DELISTED
Iconix Brand Group, Inc.
ICON
$89M 3.35%
267,902
+162
+0.1% +$53.1K
FLIR
12
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$78.1M 2.94%
2,488,605
-150,965
-6% -$4.71M
FWONA icon
13
Liberty Media Series A
FWONA
$24.2B
$77.2M 2.9%
2,952,310
+1,041
+0% +$26.1K
GOOG icon
14
Alphabet (Google) Class C
GOOG
$4.18T
$73M 2.75%
3,345,493
+102,985
+3% +$2.28M
TDG icon
15
TransDigm Group
TDG
$66.4B
$70.1M 2.64%
505,405
+203,405
+67% +$29M
MLM icon
16
Martin Marietta Materials
MLM
$32.1B
$70.1M 2.64%
713,670
+55,070
+8% +$5.47M
LH icon
17
Labcorp
LH
$27.3B
$67.5M 2.54%
792,079
+79,071
+11% +$6.66M
LYV icon
18
Live Nation Entertainment
LYV
$42.4B
$64.3M 2.42%
3,464,590
-168,910
-5% -$2.87M
MSFT icon
19
Microsoft
MSFT
$3.59T
$61.8M 2.33%
1,855,775
+820
+0% +$27K
ILG
20
DELISTED
ILG, Inc Common Stock
ILG
$61.5M 2.31%
2,601,667
+27,620
+1% +$607K
RRC icon
21
Range Resources
RRC
$9.59B
$60.8M 2.29%
801,360
+161,360
+25% +$12.6M
ESRX
22
DELISTED
Express Scripts Holding Company
ESRX
$60.7M 2.28%
982,255
+7,755
+0.8% +$501K
TGT icon
23
Target
TGT
$75.1B
$53.1M 2%
829,505
+3,791
+0.5% +$258K
SWN
24
DELISTED
Southwestern Energy Company
SWN
$41M 1.54%
1,128,200
+1,840
+0.2% +$69.8K
UPS icon
25
United Parcel Service
UPS
$86.8B
$36.3M 1.37%
397,000
+2,000
+0.5% +$176K
1
2 3

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Wallace Weitz's Q3 2013 Portfolio in Review

As of Q3 2013, Wallace Weitz held 62 positions worth $2.66B, up 7.6% from $2.47B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Trading was light in Q3 2013: portfolio turnover was 4.8%. Wallace Weitz opened 1 new position and exited 2, leaving the 62-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Communication Services and Financials.

  • Wallace Weitz's largest Q3 2013 buy was AB InBev: 13,000 shares worth $1.29M.
  • Wallace Weitz added most to TransDigm Group in Q3 2013, an estimated $29M increase.
  • Wallace Weitz's biggest Q3 2013 reduction was OMNICARE INC, cutting an estimated $33.8M.
  • Wallace Weitz fully exited SANDRIDGE ENERGY, INC. in Q3 2013, selling an estimated $7.14M.
  • Wallace Weitz's ten largest holdings make up 46% of its $2.66B portfolio in Q3 2013.
  • Wallace Weitz opened 1 new position and closed 2 in Q3 2013.
  • Wallace Weitz's portfolio value rose 7.6% quarter-over-quarter to $2.66B.

Based on Weitz Investment Management's 13F filing for Q3 2013, filed 13 Nov 2013.