We are live on !
Find out more
Wallace Weitz Weitz Investment Management
AUM
$1.44B
Turnover
9.62%
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
+8.68%
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
$2.43B
AUM Growth
-$85.8M
(-3.4%)
Cap. Flow
-$328M
Cap. Flow % of AUM
Cap. Flow %
-13.47%
Top 10 Holdings %
Top 10 Hldgs %
50.49%
Holding
88
New
2
Increased
19
Reduced
45
Closed
5
Avg Time Held
1.9
years
Top 10 Avg Time Held
1.8
years
Top 20 Avg Time Held
1.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar Tree
DLTR
|
+$13.9M |
| 2 |
Compass Minerals
CMP
|
+$2.02M |
| 3 |
Guidewire Software
GWRE
|
+$2M |
| 4 |
WAIR
WESCO Aircraft Holdings Inc.
WAIR
|
+$1.71M |
| 5 |
National CineMedia
NCMI
|
+$1.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$63.7M |
| 2 |
AGN
Allergan plc
AGN
|
+$29.2M |
| 3 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$26.8M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$19.2M |
| 5 |
Motorola Solutions
MSI
|
+$13.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.8% |
| 2 | Financials | 23.41% |
| 3 | Healthcare | 13.43% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Technology | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Liberty Broadband Class C
LBRDK
| $194M | 8% |
2,251,124
-125,228
| -5% | -$10.4M |
2014 Q4
9 quarters
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.16T
| $192M | 7.88% |
1,149,537
-72,767
| -6% | -$12.2M |
2013 Q2
15 quarters
|
|
3
Liberty Global Class C
LBTYK
$2.66B
| $182M | 7.5% |
5,204,180
-268,925
| -5% | -$9.27M |
2013 Q2
15 quarters
|
|
|
AGN
4
DELISTED
Allergan plc
AGN
| $122M | 5.03% |
512,403
-125,330
| -20% | -$29.2M |
2015 Q3
6 quarters
|
|
5
Labcorp
LH
$26.8B
| $106M | 4.36% |
861,382
-45,084
| -5% | -$5.34M |
2013 Q2
15 quarters
|
|
6
Berkshire Hathaway Class A
BRK.A
$1.16T
| $103M | 4.24% |
413
-2
| -0.5% | -$502K |
2013 Q2
15 quarters
|
|
7
Mastercard
MA
$545B
| $83.8M | 3.45% |
745,144
-45,794
| -6% | -$5.02M |
2014 Q4
9 quarters
|
|
|
QVCGA
8
DELISTED
QVC Group Inc Series A
QVCGA
| $82.3M | 3.38% |
84,683
-4,221
| -5% | -$3.97M |
2013 Q2
15 quarters
|
|
|
TFCFA
9
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $81.7M | 3.36% |
2,520,950
-628,300
| -20% | -$19.2M |
2014 Q4
9 quarters
|
|
10
Alphabet (Google) Class C
GOOG
$3.9T
| $80.1M | 3.29% |
1,930,980
-104,480
| -5% | -$4.29M |
2013 Q2
15 quarters
|
|
11
Redwood Trust
RWT
$393M
| $79.6M | 3.27% |
4,789,650
-616,565
| -11% | -$9.9M |
2013 Q2
15 quarters
|
|
12
Visa
V
$768B
| $72.5M | 2.98% |
815,294
-44,983
| -5% | -$3.87M |
2016 Q3
2 quarters
|
|
|
13
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $69.4M | 2.85% |
2,351,031
-949,836
| -29% | -$26.8M |
2016 Q2
3 quarters
|
|
14
Enovis
ENOV
$1.21B
| $67.7M | 2.78% |
1,002,016
-112,900
| -10% | -$7.53M |
2015 Q4
5 quarters
|
|
15
Oracle
ORCL
$389B
| $53.5M | 2.2% |
1,198,427
-68,101
| -5% | -$2.84M |
2013 Q2
15 quarters
|
|
|
DISCK
16
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $52.6M | 2.16% |
1,858,584
-242,915
| -12% | -$6.65M |
2014 Q3
10 quarters
|
|
17
Aon
AON
$64.2B
| $49.5M | 2.04% |
417,134
-23,677
| -5% | -$2.73M |
2013 Q2
15 quarters
|
|
|
ILG
18
DELISTED
ILG, Inc Common Stock
ILG
| $46.8M | 1.93% |
2,234,256
-294,915
| -12% | -$5.55M |
2013 Q2
15 quarters
|
|
19
Wells Fargo
WFC
$247B
| $46.7M | 1.92% |
839,352
-58,792
| -7% | -$3.34M |
2013 Q2
15 quarters
|
|
20
Texas Instruments
TXN
$260B
| $43.8M | 1.8% |
543,780
-44,415
| -8% | -$3.44M |
2013 Q2
15 quarters
|
|
|
LVNTA
21
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $33.9M | 1.39% |
762,000
-24,800
| -3% | -$1.06M |
2013 Q2
15 quarters
|
|
|
WAIR
22
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $31.6M | 1.3% |
2,775,000
+129,507
| +5% | +$1.71M |
2014 Q1
12 quarters
|
|
|
23
DELISTED
Liberty Broadband Class A
LBRDA
| $29.8M | 1.22% |
350,000
-11,335
| -3% | -$930K |
2014 Q4
9 quarters
|
|
|
FLIR
24
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $27.4M | 1.13% |
756,315
-73,355
| -9% | -$2.64M |
2013 Q2
15 quarters
|
|
25
DELISTED
Praxair Inc
PX
| $25.3M | 1.04% |
213,663
+3,346
| +2% | +$393K |
2013 Q2
15 quarters
|
|
Similar funds
SS
Wallace Weitz's Q1 2017 Portfolio in Review
As of Q1 2017, Wallace Weitz held 88 positions worth $2.43B, down 3.4% from $2.52B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Wallace Weitz withdrew a net $328M in Q1 2017, closing 5 positions and reducing 45 holdings. Its most notable exit was TransDigm Group, an estimated $63.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 31% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Wallace Weitz opened a new position in Dollar Tree worth $14.2M.
- Wallace Weitz's largest Q1 2017 buy was Dollar Tree: 181,061 shares worth $14.2M.
- Wallace Weitz added most to Compass Minerals in Q1 2017, an estimated $2.02M increase.
- Wallace Weitz's biggest Q1 2017 reduction was Allergan plc, cutting an estimated $29.2M.
- Wallace Weitz fully exited TransDigm Group in Q1 2017, selling an estimated $63.7M.
- Wallace Weitz's ten largest holdings make up 50% of its $2.43B portfolio in Q1 2017.
- Wallace Weitz opened 2 new positions and closed 5 in Q1 2017.
- Wallace Weitz's portfolio value fell 3.4% quarter-over-quarter to $2.43B.
Based on Weitz Investment Management's 13F filing for Q1 2017, filed 15 May 2017.